XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0107%/8h= −11.7% APRnext payment −$0.53 per $10,000 · paid last 24h +0.094%

Price spread now: Phemex against Bitget+0.030%7-day average +0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$64as in the Funding arb table

Net, price: spread back to 7d avg − costs−$81as in the Price arb table

costs, in and out, $10k−$810.810% of the position

Long on Bitget Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.171%+$17 on $10k

Price spread, last 4 days (all we have)+0.036%+$4 · spread now +0.030%, 7d avg +0.025%

Together, before fees+0.207%+$21 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.025%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.171%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget XAUUSDT	4,344.3	0.0268	pay 0.0134% / 4h	3h 17m	$71.0M	$109.3M	100x
Short	Phemex XAUUSDT	4,345.6	0.0161	get 0.0081% / 4h	3h 17m	$2.2M	$967K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Bitget. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BitgetbpFee PhemexbpOrdersPrice spread, now +0.030%Rate

Funding earned: −$22.39
Price spread: +0.030% → +0.025%: $0.47
Slippage, 4 orders: −$57.02
Fee Bitget: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$102.94
Costs to cover: 0.810%
Break-even: never at this rate

Slippage from Bitget: live order book, 1 min ago; Phemex: live order book, 6 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 Bitget live order book, 1 min ago	0.01 bp	6.0 bp −$6	7.2 bp −$72	12.2 bp −$1,223	doesn't fit
Sell Phemex live order book, 6 min ago	2.28 bp	30.0 bp −$30	doesn't fit	doesn't fit	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
SunX XAU-USDT	0.0000%	4h	4,348.3	+0.093%	$92K	$8.6M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,339	−0.121%	$271K	—	250x	as long as short
RISEx XAU/USDC	+0.0005%	1h	4,344.1	−0.004%	$3.8M	$12.5M	25x	as long as short
Bluefin GOLD-PERP	+0.0016%	1h	4,337.5	−0.157%	$25K	$14K	20x	as long as short
Extended XAU-USD	+0.0032%	1h	4,339	−0.122%	$13.3M	$37.2M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.142%	$619	$54	52x	as long as short
Bybit XAUUSDT	+0.0034%	4h	4,345	+0.017%	$80.0M	$152.3M	150x	as long as short
StandX XAU-USD	+0.0040%	1h	4,345.7	+0.033%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0042%	1h	4,343.4	−0.020%	$5.6M	$2.1M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,376	+0.731%	—	$1.0M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:GOLD	+0.0050%	1h	4,340.7	−0.082%	$293.6M	$49.2M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,341.3	−0.069%	$15.0M	$56.9M	25x	as long as short
Kalshi KXGOLDPERP	+0.0051%	24h	4,341.3	−0.068%	$4.3M	$37.4M	15x	as long as short
Lighter XAU	+0.0056%	1h	4,343	−0.029%	$20.7M	$34.7M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0056%	1h	4,340.2	−0.093%	$2.1M	$4.8M	25x	as long as short
Paradex XAU-USD-PERP	+0.0060%	8h	4,343.7	−0.012%	$19K	$5K	5x	as long as short
Lighter RH XAU	+0.0072%	1h	4,345.3	+0.023%	$20.2M	$40.1M	25x	as long as short
Gate XAU_USDT	+0.0084%	4h	4,344.9	+0.016%	$268.2M	$417.9M	100x	as long as short
Aster XAUUSD1	+0.0093%	4h	4,345	+0.016%	$71.5M	$331.8M	20x	as long as short
Pacifica XAU	+0.0100%	1h	4,340.8	−0.080%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,340.8	−0.079%	$274K	$203K	50x	as long as short
Hotstuff GOLD-PERP	+0.0104%	1h	4,340.9	−0.077%	$33K	—	25x	as long as short
Variational Omni XAU	+0.0104%	4h	4,343.9	−0.008%	$48.3M	$27.5M	—	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,342.3	−0.046%	$161K	$87	10x	as long as short
MEXC XAU_USDT	+0.0118%	4h	4,343.6	−0.016%	$371.3M	$320.7M	1000x	as long as short
Binance XAUUSDT	+0.0119%	4h	4,344	−0.006%	$418.4M	$2.09B	100x	as long as short
edgeX XAUUSDC	+0.0129%	4h	4,340.2	−0.094%	$30.2M	$58.2M	50x	as long as short
Phoenix GOLD	+0.0136%	1h	4,340.5	−0.087%	$47K	$77K	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0142%	1h	4,341.4	−0.066%	$204K	$826K	25x	as long as short
Phemex XAUUSDTshort	+0.0161%	4h	4,345.6	+0.030%	$2.2M	$967K	100x
GRVT XAU_USDT_Perp	+0.0182%	4h	4,344.6	+0.008%	$1.4M	$2.9M	25x	as long as short
Bullet GOLD-USD	+0.0212%	1h	4,343.2	−0.025%	$59K	$82K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0212%	1h	4,342.6	−0.038%	$4.3M	$2.0M	20x	as long as short
Kraken Futures PF_XAUUSD	+0.0259%	1h	4,339.9	−0.101%	$592K	$132K	25x	as long as short
Bitget XAUUSDTlong	+0.0268%	4h	4,344.3	long leg	$71.0M	$109.3M	100x
OKX XAU-USDT-SWAP	+0.0326%	8h	4,344.5	+0.006%	$167.1M	$282.7M	100x	as long as short
BloFin XAU-USDT	+0.0359%	4h	4,345	+0.016%	$15.7M	$4.4M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0427% / S −0.0252%	1h	4,343.2	−0.025%	$250K	—	111x	as long as short
HTX XAU-USDT	+0.0535%	4h	4,347.4	+0.072%	$2.8M	$4.6M	75x	as long as short