XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0230%/8h= −25.2% APRnext payment −$0.29 per $10,000 · paid last 24h −0.075%

Price spread now: gTrade (Gains Network) against Deribit−0.057%7-day average −0.063% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$278as in the Price arb table

costs, in and out, $10k−$2792.790% of the position

Long on Deribit Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.775%−$77 on $10k

Price spread, last 4 days (all we have)−0.005%$0 · spread now −0.057%, 7d avg −0.063%

Together, before fees−0.780%−$78 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.063%, so right now this pair is about funding alone: −$7 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit GOLD_USDC-PERPETUAL	4,345.1	0.0234	pay 0.0029% / 1h	3m 43s	$204K	$826K	25x
Short	gTrade (Gains Network) XAU/USD	4,342.6	L +0.0002% / S −0.0003%	get 0.0000% / 1h	3m 43s	$272K	—	250x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Deribit. 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 DeribitbpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.057%Rate

Funding earned: −$48.39
Price spread: −0.057% → −0.063%: $0.6
Slippage, 4 orders: −$265.04
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee gTrade (Gains Network): 3.5 bp × 2 orders: −$7
Net: −$326.83
Costs to cover: 2.790%
Break-even: never at this rate

Slippage from Deribit: live order book, 50 min ago; gTrade (Gains Network): virtual book (oracle venue), 15 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 Deribit live order book, 50 min ago	0.12 bp	3.6 bp −$4	4.8 bp −$48	doesn't fit	doesn't fit
Sell gTrade (Gains Network) virtual book (oracle venue), 15 min ago	130.01 bp	133.5 bp −$134	243.0 bp −$2,430	1975.4 bp −$197.5K	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
Bluefin GOLD-PERP	−0.0013%	1h	4,339.8	−0.123%	$25K	$14K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,351.2	+0.140%	$92K	$8.6M	20x	as long as short
gTrade (Gains Network) XAU/USDshort	L +0.0002% / S −0.0003%	1h	4,342.6	−0.057%	$272K	—	250x
RISEx XAU/USDC	+0.0005%	1h	4,345.9	+0.019%	$3.7M	$12.6M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,341.2	−0.090%	$13.2M	$37.3M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.122%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,346.1	+0.023%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0042%	1h	4,345.1	0.000%	$5.6M	$2.1M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,379.4	+0.789%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,341.7	−0.078%	$293.7M	$49.1M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps XAU-USD.P	+0.0050%	1h	4,342.1	−0.069%	$15.0M	$56.8M	25x	as long as short
Kalshi KXGOLDPERP	+0.0052%	24h	4,345.4	+0.007%	$4.2M	$39.3M	15x	as long as short
Lighter XAU	+0.0056%	1h	4,344.1	−0.023%	$20.7M	$34.8M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0056%	1h	4,342.7	−0.055%	$2.1M	$4.7M	25x	as long as short
Gate XAU_USDT	+0.0058%	4h	4,347.2	+0.048%	$268.4M	$419.4M	100x	as long as short
Bybit XAUUSDT	+0.0059%	4h	4,346.4	+0.031%	$80.0M	$152.1M	150x	as long as short
Paradex XAU-USD-PERP	+0.0068%	8h	4,345.5	+0.008%	$19K	$5K	5x	as long as short
Hotstuff GOLD-PERP	+0.0072%	1h	4,342.6	−0.058%	$33K	—	25x	as long as short
Lighter RH XAU	+0.0088%	1h	4,346.5	+0.032%	$20.2M	$40.3M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,341.5	−0.083%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,341.7	−0.078%	$274K	$203K	50x	as long as short
Aster XAUUSD1	+0.0101%	4h	4,346.5	+0.033%	$71.5M	$331.5M	20x	as long as short
Variational Omni XAU	+0.0105%	4h	4,345.4	+0.006%	$48.3M	$27.6M	—	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,345.9	+0.018%	$161K	$87	10x	as long as short
MEXC XAU_USDT	+0.0120%	4h	4,345.4	+0.007%	$370.2M	$322.2M	1000x	as long as short
Binance XAUUSDT	+0.0120%	4h	4,344.9	−0.004%	$418.6M	$2.09B	100x	as long as short
edgeX XAUUSDC	+0.0135%	4h	4,340	−0.117%	$30.2M	$57.9M	50x	as long as short
Phoenix GOLD	+0.0136%	1h	4,341.7	−0.078%	$47K	$77K	25x	as long as short
GRVT XAU_USDT_Perp	+0.0148%	4h	4,345.6	+0.012%	$1.4M	$2.9M	25x	as long as short
Phemex XAUUSDT	+0.0192%	4h	4,349.1	+0.091%	$2.2M	$967K	100x	as long as short
Polymarket Perps GOLD-USD	+0.0203%	1h	4,346.6	+0.035%	$4.2M	$2.0M	20x	as long as short
Bullet GOLD-USD	+0.0206%	1h	4,347	+0.044%	$59K	$82K	10x	as long as short
Deribit GOLD_USDC-PERPETUALlong	+0.0234%	1h	4,345.1	long leg	$204K	$826K	25x
Kraken Futures PF_XAUUSD	+0.0259%	1h	4,343.4	−0.039%	$590K	$135K	25x	as long as short
Bitget XAUUSDT	+0.0276%	4h	4,346	+0.021%	$71.1M	$108.9M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0331%	8h	4,346.4	+0.030%	$167.3M	$283.3M	100x	as long as short
BloFin XAU-USDT	+0.0360%	4h	4,346.2	+0.025%	$15.8M	$4.4M	100x	as long as short
HTX XAU-USDT	+0.0384%	4h	4,347.9	+0.065%	$2.8M	$4.6M	75x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0428% / S −0.0252%	1h	4,346.9	+0.042%	$250K	—	111x	as long as short