XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0024%/8h= −2.7% APRnext payment −$0.03 per $10,000 · paid last 24h −0.187%

Price spread now: Phoenix against Bluefin−0.076%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bluefin Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Phoenix is 0.076% cheaper against Bluefin than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bluefin GOLD-PERP	4,325.3	0.0100	pay 0.0013% / 1h	6m 40s	$25K	$1K	20x
Short	Phoenix GOLD	4,322	0.0076	get 0.0009% / 1h	6m 40s	$43K	$72K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Bluefin. 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 BluefinbpFee PhoenixbpOrdersPrice spread, now −0.076%Rate

Funding earned: −$5.1
Price spread: −0.076% → 0.000%: −$7.56
Slippage, 4 orders: no order book: not counted
Fee Bluefin: 3.5 bp × 2 orders: −$7
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$26.66
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Bluefin: no order-book sample; Phoenix: no order-book sample. Net counts fees only.

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 Bluefin no order-book sample	—	—	—	—	—
Sell Phoenix no order-book sample	—	—	—	—	—

Bluefin and Phoenix: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

XAU on 39 exchanges

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	−0.8192%	1h	4,328.4	+0.072%	$32K	—	25x	as long as short
SunX XAU-USDT	0.0000%	4h	4,336.5	+0.261%	$92K	$6.1M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,322.8	−0.057%	$274K	—	250x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0024%	1h	4,322.3	−0.069%	$2.1M	$5.2M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.581%	$619	$54	52x	as long as short
QFEX GOLD-USD	+0.0038%	1h	4,331.1	+0.135%	$6.7M	$3.2M	20x	as long as short
StandX XAU-USD	+0.0040%	1h	4,324.8	−0.011%	$3.8M	$4.5M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,361.1	+0.828%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,329.2	+0.091%	$292.2M	$52.6M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,327.1	+0.042%	$15.1M	$57.9M	25x	as long as short

Show all 39 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex XAU-USD-PERP	+0.0055%	8h	4,331.4	+0.141%	$2K	$13K	5x	as long as short
RISEx XAU/USDC	+0.0056%	1h	4,332.4	+0.164%	$4.7M	$13.5M	25x	as long as short
Phoenix GOLDshort	+0.0076%	1h	4,322	−0.076%	$43K	$72K	25x
Aster XAUUSD1	+0.0076%	4h	4,334.1	+0.205%	$73.6M	$274.8M	20x	as long as short
Variational Omni XAU	+0.0089%	4h	4,324.5	−0.018%	$47.2M	$29.3M	—	as long as short
Lighter XAU	+0.0096%	1h	4,331.3	+0.140%	$20.2M	$30.3M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,328.6	+0.077%	$1.4M	$1.3M	10x	as long as short
Gate XAU_USDT	+0.0100%	4h	4,333.6	+0.192%	$303.0M	$448.1M	100x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,321.6	−0.086%	$284K	$223K	50x	as long as short
Bluefin GOLD-PERPlong	+0.0100%	1h	4,325.3	long leg	$25K	$1K	20x
Bybit XAUUSDT	+0.0109%	4h	4,333.3	+0.187%	$80.7M	$171.3M	150x	as long as short
MEXC XAU_USDT	+0.0110%	4h	4,332.2	+0.159%	$362.1M	$364.0M	1000x	as long as short
Binance XAUUSDT	+0.0112%	4h	4,332.2	+0.160%	$440.9M	$2.38B	100x	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,329.6	+0.101%	$160K	$87	10x	as long as short
edgeX XAUUSDC	+0.0116%	4h	4,322.9	−0.056%	$30.2M	$66.3M	50x	as long as short
GRVT XAU_USDT_Perp	+0.0116%	4h	4,325.6	+0.007%	$1.4M	$3.1M	25x	as long as short
Kalshi KXGOLDPERP	+0.0133%	24h	4,330.6	+0.123%	$3.5M	$50.2M	15x	as long as short
Polymarket Perps GOLD-USD	+0.0135%	1h	4,326.9	+0.038%	$4.3M	$1.7M	20x	as long as short
Extended XAU-USD	+0.0144%	1h	4,328.3	+0.070%	$12.7M	$34.8M	25x	as long as short
Lighter RH XAU	+0.0160%	1h	4,334.7	+0.218%	$19.8M	$40.7M	25x	as long as short
Bullet GOLD-USD	+0.0196%	1h	4,330.8	+0.128%	$59K	$76K	10x	as long as short
Bitget XAUUSDT	+0.0216%	4h	4,332.6	+0.169%	$74.1M	$134.9M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0245%	8h	4,333.2	+0.183%	$171.0M	$355.1M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0281%	1h	4,330.4	+0.119%	$135K	$747K	25x	as long as short
Phemex XAUUSDT	+0.0329%	4h	4,333.2	+0.183%	$2.2M	$782K	100x	as long as short
BloFin XAU-USDT	+0.0351%	4h	4,332	+0.156%	$16.3M	$5.3M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0411%	1h	4,327.6	+0.053%	$582K	$165K	25x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0458% / S −0.0306%	1h	4,326.9	+0.038%	$252K	—	111x	as long as short
HTX XAU-USDT	+0.1128%	4h	4,338.9	+0.316%	$3.2M	$7.0M	75x	as long as short