Funding you earn now, next payment 04:00 UTC−0.0020%/8h= −2.1% APRnext payment −$0.10 per $10,000 · paid last 24h +0.081%
Price spread now: BloFin against Bybit+0.097%92s7-day average −0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs+$14as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$230.235% of the position
Funding, last 7 days+0.374%+$37 on $10k
+Price spread, last 3 days (all we have)−0.089%−$9 · spread now +0.097%, 7d avg −0.010%
=The price spread pays, funding is against you. BloFin is 0.107% dearer against Bybit than usual: you sell high and buy low (spread +0.097% now, against its 7-day average of −0.010%): +$11 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 18 days. Mind the row above: over the last 7 days funding on this pair paid +0.374%, so the current rate has only just turned against you. The two prices were read 92 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit XAUUSDT | 4,359.2 | 0.0102 | pay 0.0051% / 4h | 3h 23m | $83.3M | $144.2M | 150x |
| Short | BloFin XAU-USDT | 4,363.5 | 0.0082 | get 0.0041% / 4h | 3h 23m | $15.5M | $4.5M | 100x |
Bybit XAUUSDT
BloFin XAU-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Bybit. 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
- −$4.1
- Price spread: +0.097% → −0.010%
- $10.67
- Slippage, 4 orders
- −$0.46
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$16.89
- Costs to cover
- 0.235%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 5 min ago; BloFin: 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 Bybit live order book, 5 min ago | 0.01 bp | 5.5 bp −$6 | 7.2 bp −$72 | 14.3 bp −$1,431 | 43.4 bp −$21.7K |
| Sell BloFin live order book, 5 min ago | 0.05 bp | 6.2 bp −$6 | 6.5 bp −$65 | 9.2 bp −$915 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster XAUUSD1 | 0.0000% | 4h | 4,358.3 | −0.022% | $71.0M | $200.3M | 20x | as long as short |
| Gate XAU_USDT | 0.0000% | 4h | 4,359.6 | +0.008% | $266.5M | $416.4M | 100x | as long as short |
| Kalshi KXGOLDPERP | 0.0000% | 24h | 4,358.2 | −0.023% | $4.0M | $36.6M | 15x | as long as short |
| SunX XAU-USDT | 0.0000% | 4h | 4,365.1 | +0.134% | $93K | $10.2M | 20x | as long as short |
| Variational Omni XAU | 0.0000% | 4h | 4,360.4 | +0.028% | $47.8M | $28.1M | — | as long as short |
| gTrade (Gains Network) XAU/USD | L +0.0002% / S −0.0003% | 1h | 4,356.7 | −0.057% | $267K | — | 250x | as long as short |
| MEXC XAU_USDT | +0.0022% | 4h | 4,358.1 | −0.027% | $372.7M | $328.1M | 1000x | as long as short |
| Binance XAUUSDT | +0.0023% | 4h | 4,358 | −0.027% | $411.5M | $2.15B | 100x | as long as short |
| edgeX XAUUSDC | +0.0023% | 4h | 4,356.2 | −0.070% | $30.3M | $60.3M | 50x | as long as short |
| Injective XAU/USDC PERP | +0.0033% | 1h | 4,350.4 | −0.202% | $619 | $54 | 52x | as long as short |
Aster XAUUSD1
Gate XAU_USDT
Kalshi KXGOLDPERP
SunX XAU-USDT
Variational Omni XAU
gTrade (Gains Network) XAU/USD
MEXC XAU_USDT
Binance XAUUSDT
edgeX XAUUSDC
Injective XAU/USDC PERPShow all 39 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| StandX XAU-USD | +0.0040% | 1h | 4,362.4 | +0.073% | $3.8M | $4.7M | 40x | as long as short |
| QFEX GOLD-USD | +0.0045% | 1h | 4,356.7 | −0.058% | $5.6M | $1.9M | 20x | as long as short |
| Vest GC-PERP | +0.0046% | 1h | 4,395.1 | +0.823% | — | $1.0M | 25x | as long as short |
| RISEx XAU/USDC | +0.0048% | 1h | 4,358.3 | −0.020% | $3.4M | $12.3M | 25x | as long as short |
| tradeXYZ xyz:GOLD | +0.0050% | 1h | 4,354.9 | −0.099% | $293.6M | $51.5M | 25x | as long as short |
| Ondo Perps XAU-USD.P | +0.0050% | 1h | 4,354 | −0.120% | $14.7M | $57.2M | 25x | as long as short |
| Phoenix GOLD | +0.0055% | 1h | 4,358.5 | −0.017% | $48K | $64K | 25x | as long as short |
| Bitget XAUUSDT | +0.0058% | 4h | 4,358.4 | −0.018% | $69.1M | $113.9M | 100x | as long as short |
| Lighter XAU | +0.0072% | 1h | 4,357 | −0.051% | $20.6M | $44.1M | 25x | as long as short |
| Paradex XAU-USD-PERP | +0.0080% | 8h | 4,358.3 | −0.021% | $19K | $5K | 5x | as long as short |
| BloFin XAU-USDTshort | +0.0082% | 4h | 4,363.5 | +0.097% | $15.5M | $4.5M | 100x | |
| Extended XAU-USD | +0.0088% | 1h | 4,354.5 | −0.109% | $13.5M | $43.8M | 25x | as long as short |
| Aevo XAU-PERP | +0.0088% | 1h | 4,359.7 | +0.012% | $161K | $87 | 10x | as long as short |
| Lighter RH XAU | +0.0096% | 1h | 4,359.2 | 0.000% | $20.2M | $41.0M | 25x | as long as short |
| Hotstuff GOLD-PERP | +0.0096% | 1h | 4,355.3 | −0.090% | $33K | — | 25x | as long as short |
| Coinbase International GOLD-PERP-INTX | +0.0096% | 1h | 4,358.3 | −0.021% | $2.0M | $5.1M | 25x | as long as short |
| Pacifica XAU | +0.0100% | 1h | 4,355 | −0.097% | $1.4M | $1.1M | 10x | as long as short |
| ApeX Omni XAUUSDT | +0.0100% | 1h | 4,357.8 | −0.033% | $275K | $204K | 50x | as long as short |
| Bluefin GOLD-PERP | +0.0100% | 1h | 4,353.7 | −0.127% | $26K | $22K | 20x | as long as short |
| Bybit XAUUSDTlong | +0.0102% | 4h | 4,359.2 | long leg | $83.3M | $144.2M | 150x | |
| Polymarket Perps GOLD-USD | +0.0123% | 1h | 4,359.6 | +0.009% | $4.3M | $1.8M | 20x | as long as short |
| GRVT XAU_USDT_Perp | +0.0154% | 4h | 4,362 | +0.063% | $1.4M | $3.1M | 25x | as long as short |
| OKX XAU-USDT-SWAP | +0.0198% | 8h | 4,359.4 | +0.004% | $163.8M | $289.3M | 100x | as long as short |
| Bullet GOLD-USD | +0.0213% | 1h | 4,361.4 | +0.050% | $59K | $81K | 10x | as long as short |
| Kraken Futures PF_XAUUSD | +0.0225% | 1h | 4,357.5 | −0.039% | $594K | $151K | 25x | as long as short |
| Deribit GOLD_USDC-PERPETUAL | +0.0232% | 1h | 4,359.2 | 0.000% | $235K | $656K | 25x | as long as short |
| GMX GOLD/USD [ETH-USDC] | L +0.0389% / S −0.0197% | 1h | 4,360.8 | +0.035% | $252K | — | 111x | as long as short |
| Phemex XAUUSDT | +0.0455% | 4h | 4,362.5 | +0.074% | $2.2M | $1.1M | 100x | as long as short |
| HTX XAU-USDT | +0.0586% | 4h | 4,365.2 | +0.138% | $2.9M | $3.9M | 75x | as long as short |
StandX XAU-USD
QFEX GOLD-USD
Vest GC-PERP
RISEx XAU/USDC
tradeXYZ xyz:GOLD
Ondo Perps XAU-USD.P
Phoenix GOLD
Bitget XAUUSDT
Lighter XAU
Paradex XAU-USD-PERP
Extended XAU-USD
Aevo XAU-PERP
Lighter RH XAU
Hotstuff GOLD-PERP
Coinbase International GOLD-PERP-INTX
Pacifica XAU
ApeX Omni XAUUSDT
Bluefin GOLD-PERP
Polymarket Perps GOLD-USD
GRVT XAU_USDT_Perp
OKX XAU-USDT-SWAP
Bullet GOLD-USD
Kraken Futures PF_XAUUSD
Deribit GOLD_USDC-PERPETUAL
GMX GOLD/USD [ETH-USDC]
Phemex XAUUSDT
HTX XAU-USDT