Funding you earn now, next payment 09:00 UTC−0.0054%/8h= −5.9% APRpaid last 24h −0.016%
Price spread now: tradeXYZ against Binance−0.075%7-day average −0.095% · you buy dearer than you sell
Net, funding: paid 7d − costs−$30as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$280.283% of the position
Funding, last 7 days−0.021%−$2 on $10k
+Price spread, last 7 days+0.019%+$2 · spread now −0.075%, 7d avg −0.095%
=Together, before fees−0.002%+ Points / potential airdroptradeXYZ: Active · farm board$0 on $10k · with fees, hour by hour
The price spread pays, funding is against you. tradeXYZ is 0.020% dearer against Binance than usual: you sell high and buy low (spread −0.075% now, against its 7-day average of −0.095%): +$2 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 30 hours. At the pace of the last 7 days (−0.021% in total) that is about 6.7 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance XAUUSDT | 4,307.8 | 0.0104 | pay 0.0052% / 4h | 3h 34m | $434.2M | $2.22B | 100x |
| Short | tradeXYZ xyz:GOLD | 4,304.6 | 0.0050 | get 0.0006% / 1h | 34m 04s | $291.0M | $54.0M | 25x |
Binance XAUUSDT
tradeXYZ xyz:GOLDFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$11.39
- Price spread: −0.075% → −0.095%
- $2.02
- Slippage, 4 orders
- −$0.26
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$37.62
- Costs to cover
- 0.283%
- Break-even
- never at this rate
Slippage from Binance: live order book, 10 min ago; tradeXYZ: live order book, 5 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Binance live order book, 10 min ago | 0.01 bp | 5.0 bp −$5 | 5.0 bp −$50 | 6.2 bp −$615 | doesn't fit |
| Sell tradeXYZ live order book, 5 min ago | 0.12 bp | 9.1 bp −$9 | 9.4 bp −$94 | 11.5 bp −$1,148 | doesn't fit |
XAU on 39 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff GOLD-PERP | −0.0032% | 1h | 4,305.5 | −0.054% | $32K | — | 25x | as long as short |
| SunX XAU-USDT | 0.0000% | 4h | 4,311.7 | +0.090% | $92K | $6.8M | 20x | as long as short |
| gTrade (Gains Network) XAU/USD | L +0.0002% / S −0.0003% | 1h | 4,303.6 | −0.099% | $278K | — | 250x | as long as short |
| GRVT XAU_USDT_Perp | +0.0012% | 4h | 4,308 | +0.005% | $1.4M | $3.0M | 25x | as long as short |
| Injective XAU/USDC PERP | +0.0033% | 1h | 4,350.4 | +0.989% | $619 | $54 | 52x | as long as short |
| StandX XAU-USD | +0.0040% | 1h | 4,306.8 | −0.024% | $3.8M | $4.5M | 40x | as long as short |
| Vest GC-PERP | +0.0046% | 1h | 4,338.7 | +0.717% | — | $1.0M | 25x | as long as short |
| QFEX GOLD-USD | +0.0046% | 1h | 4,306 | −0.042% | $6.6M | $3.1M | 20x | as long as short |
| tradeXYZ xyz:GOLDshort | +0.0050% | 1h | 4,304.6 | −0.075% | $291.0M | $54.0M | 25x | |
| Polymarket Perps GOLD-USD | +0.0050% | 1h | 4,304.2 | −0.084% | $4.3M | $1.8M | 20x | as long as short |
Hotstuff GOLD-PERP
SunX XAU-USDT
gTrade (Gains Network) XAU/USD
GRVT XAU_USDT_Perp
Injective XAU/USDC PERP
StandX XAU-USD
Vest GC-PERP
QFEX GOLD-USD
Polymarket Perps GOLD-USDShow all 39 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps XAU-USD.P | +0.0050% | 1h | 4,302.7 | −0.118% | $15.0M | $55.8M | 25x | as long as short |
| Aster XAUUSD1 | +0.0052% | 4h | 4,308.8 | +0.022% | $73.4M | $272.0M | 20x | as long as short |
| Coinbase International GOLD-PERP-INTX | +0.0056% | 1h | 4,305.8 | −0.047% | $2.0M | $5.1M | 25x | as long as short |
| Paradex XAU-USD-PERP | +0.0061% | 8h | 4,306.6 | −0.029% | $2K | $13K | 5x | as long as short |
| Extended XAU-USD | +0.0072% | 1h | 4,303.5 | −0.101% | $13.1M | $36.2M | 25x | as long as short |
| Lighter XAU | +0.0080% | 1h | 4,307.1 | −0.018% | $20.3M | $28.9M | 25x | as long as short |
| Variational Omni XAU | +0.0089% | 4h | 4,305.9 | −0.045% | $46.6M | $29.2M | — | as long as short |
| Phoenix GOLD | +0.0095% | 1h | 4,306.1 | −0.040% | $42K | $86K | 25x | as long as short |
| Pacifica XAU | +0.0100% | 1h | 4,303.3 | −0.104% | $1.4M | $1.2M | 10x | as long as short |
| ApeX Omni XAUUSDT | +0.0100% | 1h | 4,305.2 | −0.062% | $275K | $218K | 50x | as long as short |
| MEXC XAU_USDT | +0.0102% | 4h | 4,307.4 | −0.010% | $364.5M | $337.9M | 1000x | as long as short |
| Lighter RH XAU | +0.0104% | 1h | 4,309.8 | +0.045% | $19.8M | $39.9M | 25x | as long as short |
| Aevo XAU-PERP | +0.0104% | 1h | 4,306.4 | −0.033% | $159K | $87 | 10x | as long as short |
| Binance XAUUSDTlong | +0.0104% | 4h | 4,307.8 | long leg | $434.2M | $2.22B | 100x | |
| Kalshi KXGOLDPERP | +0.0110% | 24h | 4,311.3 | +0.081% | $3.7M | $46.5M | 15x | as long as short |
| edgeX XAUUSDC | +0.0111% | 4h | 4,306.8 | −0.025% | $30.0M | $61.5M | 50x | as long as short |
| Bybit XAUUSDT | +0.0119% | 4h | 4,308.1 | +0.006% | $77.4M | $157.7M | 150x | as long as short |
| RISEx XAU/USDC | +0.0126% | 1h | 4,306.7 | −0.025% | $4.4M | $13.1M | 25x | as long as short |
| Gate XAU_USDT | +0.0160% | 4h | 4,309.7 | +0.043% | $296.6M | $427.3M | 100x | as long as short |
| Bitget XAUUSDT | +0.0190% | 4h | 4,307.4 | −0.010% | $70.6M | $125.2M | 100x | as long as short |
| Bullet GOLD-USD | +0.0196% | 1h | 4,307.5 | −0.008% | $58K | $81K | 10x | as long as short |
| Deribit GOLD_USDC-PERPETUAL | +0.0238% | 1h | 4,307.7 | −0.003% | $134K | $846K | 25x | as long as short |
| OKX XAU-USDT-SWAP | +0.0249% | 8h | 4,308.4 | +0.013% | $171.4M | $330.4M | 100x | as long as short |
| Kraken Futures PF_XAUUSD | +0.0328% | 1h | 4,305.5 | −0.054% | $573K | $138K | 25x | as long as short |
| BloFin XAU-USDT | +0.0369% | 4h | 4,307.1 | −0.017% | $16.2M | $5.0M | 100x | as long as short |
| GMX GOLD/USD [ETH-USDC] | L +0.0467% / S −0.0314% | 1h | 4,307.9 | +0.002% | $255K | — | 111x | as long as short |
| Phemex XAUUSDT | +0.0486% | 4h | 4,311.9 | +0.094% | $2.2M | $956K | 100x | as long as short |
| HTX XAU-USDT | +0.1145% | 4h | 4,316 | +0.189% | $3.2M | $6.2M | 75x | as long as short |
| Bluefin GOLD-PERP | +0.4125% | 1h | 4,306.6 | −0.028% | $25K | $1K | 20x | as long as short |
Ondo Perps XAU-USD.P
Aster XAUUSD1
Coinbase International GOLD-PERP-INTX
Paradex XAU-USD-PERP
Extended XAU-USD
Lighter XAU
Variational Omni XAU
Phoenix GOLD
Pacifica XAU
ApeX Omni XAUUSDT
MEXC XAU_USDT
Lighter RH XAU
Aevo XAU-PERP
Kalshi KXGOLDPERP
edgeX XAUUSDC
Bybit XAUUSDT
RISEx XAU/USDC
Gate XAU_USDT
Bitget XAUUSDT
Bullet GOLD-USD
Deribit GOLD_USDC-PERPETUAL
OKX XAU-USDT-SWAP
Kraken Futures PF_XAUUSD
BloFin XAU-USDT
GMX GOLD/USD [ETH-USDC]
Phemex XAUUSDT
HTX XAU-USDT
Bluefin GOLD-PERP