XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0039%/8h= −4.3% APRnext payment −$0.20 per $10,000 · paid last 24h −0.012%

Price spread now: Gate against Bybit+0.006%7-day average +0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$260.260% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.103%−$10 on $10k

Price spread, last 7 days+0.018%+$2 · spread now +0.006%, 7d avg +0.008%

Together, before fees−0.085%−$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.008%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit XAUUSDT	4,337.7	0.0121	pay 0.0061% / 4h	1h 46m	$82.4M	$172.6M	150x
Short	Gate XAU_USDT	4,337.9	0.0082	get 0.0041% / 4h	1h 46m	$298.6M	$444.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Bybit. 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 BybitbpFee GatebpOrdersPrice spread, now +0.006%Rate

Funding earned: −$8.29
Price spread: +0.006% → +0.008%: −$0.2
Slippage, 4 orders: −$0.05
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$34.54
Costs to cover: 0.260%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; Gate: 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	6.2 bp −$62	11.7 bp −$1,171	37.4 bp −$18.7K
Sell Gate live order book, 5 min ago	0.01 bp	7.5 bp −$8	8.2 bp −$82	12.6 bp −$1,257	16.9 bp −$8,471

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	−3.0304%	1h	4,318.3	−0.446%	$32K	—	25x	as long as short
Bluefin GOLD-PERP	−0.0059%	1h	4,331.1	−0.151%	$25K	$1K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,340.7	+0.071%	$92K	$5.9M	20x	as long as short
Coinbase International GOLD-PERP-INTX	0.0000%	1h	4,333.4	−0.098%	$2.1M	$5.3M	25x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,333.5	−0.097%	$304K	—	250x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.294%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,338.4	+0.017%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0041%	1h	4,336.5	−0.027%	$6.7M	$3.2M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,370.3	+0.752%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,334.2	−0.080%	$292.6M	$51.5M	25x	as long as short

Show all 39 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps XAU-USD.P	+0.0050%	1h	4,333.1	−0.106%	$15.1M	$59.4M	25x	as long as short
Paradex XAU-USD-PERP	+0.0054%	8h	4,336.9	−0.017%	$2K	$13K	5x	as long as short
Aster XAUUSD1	+0.0059%	4h	4,337.6	−0.002%	$72.4M	$276.0M	20x	as long as short
Polymarket Perps GOLD-USD	+0.0064%	1h	4,336.1	−0.036%	$4.3M	$1.7M	20x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0073%	1h	4,335.2	−0.057%	$135K	$707K	25x	as long as short
Variational Omni XAU	+0.0079%	4h	4,338.5	+0.020%	$47.3M	$29.2M	—	as long as short
Lighter XAU	+0.0080%	1h	4,336.3	−0.030%	$20.2M	$30.4M	25x	as long as short
Gate XAU_USDTshort	+0.0082%	4h	4,337.9	+0.006%	$298.6M	$444.2M	100x
Lighter RH XAU	+0.0088%	1h	4,338.6	+0.023%	$19.7M	$39.9M	25x	as long as short
GRVT XAU_USDT_Perp	+0.0096%	4h	4,337.9	+0.005%	$1.4M	$3.1M	25x	as long as short
Binance XAUUSDT	+0.0097%	4h	4,336.3	−0.032%	$442.8M	$2.43B	100x	as long as short
MEXC XAU_USDT	+0.0098%	4h	4,336.4	−0.029%	$368.1M	$352.5M	1000x	as long as short
Pacifica XAU	+0.0100%	1h	4,333.2	−0.103%	$1.4M	$1.3M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,336.2	−0.035%	$285K	$223K	50x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,335.9	−0.040%	$161K	$87	10x	as long as short
edgeX XAUUSDC	+0.0118%	4h	4,335.5	−0.050%	$30.3M	$67.5M	50x	as long as short
Extended XAU-USD	+0.0120%	1h	4,333.2	−0.103%	$12.5M	$34.7M	25x	as long as short
Bybit XAUUSDTlong	+0.0121%	4h	4,337.7	long leg	$82.4M	$172.6M	150x
Phoenix GOLD	+0.0127%	1h	4,334.2	−0.080%	$43K	$71K	25x	as long as short
Kalshi KXGOLDPERP	+0.0137%	24h	4,338.7	+0.024%	$3.5M	$51.1M	15x	as long as short
Bullet GOLD-USD	+0.0167%	1h	4,336.9	−0.017%	$59K	$76K	10x	as long as short
RISEx XAU/USDC	+0.0205%	1h	4,337.9	+0.005%	$4.7M	$13.2M	25x	as long as short
Phemex XAUUSDT	+0.0214%	4h	4,339.6	+0.045%	$2.3M	$784K	100x	as long as short
Bitget XAUUSDT	+0.0214%	4h	4,336.5	−0.027%	$72.8M	$139.6M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0238%	8h	4,337.9	+0.006%	$170.8M	$361.8M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0253%	1h	4,333.8	−0.089%	$584K	$169K	25x	as long as short
BloFin XAU-USDT	+0.0338%	4h	4,337.1	−0.014%	$16.3M	$5.3M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0461% / S −0.0308%	1h	4,336.9	−0.017%	$254K	—	111x	as long as short
HTX XAU-USDT	+0.1085%	4h	4,344.4	+0.155%	$3.2M	$7.1M	75x	as long as short