XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0048%/8h= +5.2% APRnext payment +$0.06 per $10,000 · paid last 24h +0.029%

Price spread now: Deribit against Bullet−0.048%7-day average — · you buy dearer than you sell

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

Long on Bullet Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 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

Funding pays, the price is against you. Deribit is 0.048% cheaper against Bullet than usual: you would sell low and buy high (spread −0.048% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 3.3 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet GOLD-USD	4,327.8	0.0188	pay 0.0023% / 1h	56m 11s	$58K	$77K	10x
Short	Deribit GOLD_USDC-PERPETUAL	4,325.7	0.0236	get 0.0029% / 1h	56m 11s	$134K	$782K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Bullet. 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 BulletbpFee DeribitbpOrdersPrice spread, now −0.048%Rate

Funding earned: $10.02
Price spread: −0.048% → 0.000%: −$4.79
Slippage, 4 orders: no order book: not counted
Fee Bullet: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$9.77
Costs to cover: 0.150%
Break-even: 13.8 days

Slippage unknown: Bullet: no order-book sample; Deribit: live order book, 38 min ago. 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 Bullet no order-book sample	—	—	—	—	—
Sell Deribit live order book, 38 min ago	1.86 bp	5.4 bp −$5	6.6 bp −$66	doesn't fit	doesn't fit

Bullet: 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 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	4,331.3	+0.081%	$92K	$6.5M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,330.7	+0.067%	$275K	—	250x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0024%	1h	4,325.1	−0.062%	$2.0M	$5.2M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.523%	$619	$54	52x	as long as short
QFEX GOLD-USD	+0.0038%	1h	4,326.9	−0.020%	$6.6M	$3.0M	20x	as long as short
StandX XAU-USD	+0.0040%	1h	4,332.7	+0.114%	$3.8M	$4.5M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,360.5	+0.756%	—	$1.0M	25x	as long as short
Hotstuff GOLD-PERP	+0.0048%	1h	4,326.2	−0.036%	$32K	—	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,324.3	−0.080%	$292.1M	$55.5M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,323.6	−0.096%	$15.1M	$57.4M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx XAU/USDC	+0.0056%	1h	4,329	+0.028%	$4.6M	$13.6M	25x	as long as short
Paradex XAU-USD-PERP	+0.0058%	8h	4,327	−0.019%	$2K	$13K	5x	as long as short
Aster XAUUSD1	+0.0059%	4h	4,329.1	+0.031%	$74.4M	$273.1M	20x	as long as short
Extended XAU-USD	+0.0088%	1h	4,323.2	−0.105%	$12.7M	$35.8M	25x	as long as short
Variational Omni XAU	+0.0093%	4h	4,332	+0.097%	$47.2M	$30.1M	—	as long as short
Phoenix GOLD	+0.0095%	1h	4,333.5	+0.132%	$43K	$67K	25x	as long as short
Lighter RH XAU	+0.0096%	1h	4,329.2	+0.034%	$19.8M	$38.5M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,323.7	−0.094%	$1.4M	$1.3M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,330	+0.051%	$284K	$232K	50x	as long as short
Lighter XAU	+0.0104%	1h	4,326.5	−0.029%	$20.2M	$29.3M	25x	as long as short
Gate XAU_USDT	+0.0104%	4h	4,329.6	+0.041%	$300.4M	$428.9M	100x	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,327.2	−0.013%	$160K	$87	10x	as long as short
MEXC XAU_USDT	+0.0114%	4h	4,327.4	−0.008%	$353.4M	$347.9M	1000x	as long as short
Binance XAUUSDT	+0.0115%	4h	4,327.8	0.000%	$435.6M	$2.36B	100x	as long as short
Kalshi KXGOLDPERP	+0.0121%	24h	4,329.2	+0.033%	$3.5M	$48.6M	15x	as long as short
edgeX XAUUSDC	+0.0127%	4h	4,330.2	+0.056%	$30.3M	$64.9M	50x	as long as short
GRVT XAU_USDT_Perp	+0.0132%	4h	4,331.1	+0.078%	$1.4M	$3.0M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0132%	1h	4,327	−0.018%	$4.3M	$1.7M	20x	as long as short
Bybit XAUUSDT	+0.0140%	4h	4,328.7	+0.021%	$81.6M	$170.1M	150x	as long as short
Bullet GOLD-USDlong	+0.0188%	1h	4,327.8	long leg	$58K	$77K	10x
Bitget XAUUSDT	+0.0196%	4h	4,327.6	−0.004%	$72.0M	$132.7M	100x	as long as short
Deribit GOLD_USDC-PERPETUALshort	+0.0236%	1h	4,325.7	−0.048%	$134K	$782K	25x
OKX XAU-USDT-SWAP	+0.0244%	8h	4,328.8	+0.024%	$171.1M	$355.1M	100x	as long as short
BloFin XAU-USDT	+0.0355%	4h	4,329.7	+0.044%	$16.2M	$5.5M	100x	as long as short
Phemex XAUUSDT	+0.0395%	4h	4,331.6	+0.088%	$2.2M	$961K	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0411%	1h	4,324.7	−0.071%	$582K	$150K	25x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0460% / S −0.0306%	1h	4,327.8	0.000%	$252K	—	111x	as long as short
HTX XAU-USDT	+0.1112%	4h	4,334.7	+0.159%	$3.2M	$7.0M	75x	as long as short
Bluefin GOLD-PERP	+0.5954%	1h	4,323.3	−0.103%	$25K	$1K	20x	as long as short