XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0275%/8h= −30.1% APRnext payment −$0.34 per $10,000 · paid last 24h −0.040%

Price spread now: RISEx against Deribit+0.018%7-day average +0.123% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$180.183% of the position

Long on Deribit Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.689%−$69 on $10k

Price spread, last 4 days (all we have)+0.071%+$7 · spread now +0.018%, 7d avg +0.123%

Together, before fees−0.617%−$62 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and RISEx is 0.105% cheaper against Deribit than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.123%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit GOLD_USDC-PERPETUAL	4,339.6	0.0280	pay 0.0035% / 1h	38m 57s	$205K	$827K	25x
Short	RISEx XAU/USDC	4,340.4	0.0005	get 0.0001% / 1h	38m 57s	$3.5M	$12.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.018%Rate

Funding earned: −$57.82
Price spread: +0.018% → +0.123%: −$10.49
Slippage, 4 orders: −$5.26
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$86.57
Costs to cover: 0.183%
Break-even: never at this rate

Slippage from Deribit: live order book, 15 min ago; RISEx: 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 Deribit live order book, 15 min ago	0.12 bp	3.6 bp −$4	4.8 bp −$48	doesn't fit	doesn't fit
Sell RISEx live order book, 5 min ago	0.06 bp	3.1 bp −$3	3.3 bp −$33	45.9 bp −$4,589	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
SunX XAU-USDT	0.0000%	4h	4,345.4	+0.133%	$92K	$8.7M	20x	as long as short
Bluefin GOLD-PERP	+0.0002%	1h	4,335.3	−0.100%	$25K	$14K	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,336.9	−0.062%	$271K	—	250x	as long as short
RISEx XAU/USDCshort	+0.0005%	1h	4,340.4	+0.018%	$3.5M	$12.0M	25x
Gate XAU_USDT	+0.0020%	4h	4,342.6	+0.069%	$267.7M	$414.4M	100x	as long as short
Hotstuff GOLD-PERP	+0.0024%	1h	4,338.5	−0.025%	$33K	—	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,336.6	−0.069%	$13.2M	$37.7M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.249%	$619	$54	52x	as long as short
Lighter RH XAU	+0.0040%	1h	4,342.1	+0.058%	$20.0M	$39.3M	25x	as long as short
StandX XAU-USD	+0.0040%	1h	4,342	+0.055%	$3.8M	$4.5M	40x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX GOLD-USD	+0.0042%	1h	4,338.9	−0.016%	$5.7M	$2.0M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,373.5	+0.781%	—	$1.0M	25x	as long as short
Lighter XAU	+0.0048%	1h	4,340.1	+0.010%	$20.8M	$34.5M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,338.5	−0.025%	$293.5M	$49.2M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,337.7	−0.043%	$15.1M	$56.9M	25x	as long as short
Kalshi KXGOLDPERP	+0.0051%	24h	4,338.4	−0.028%	$4.3M	$37.4M	15x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0056%	1h	4,337.8	−0.041%	$2.1M	$4.8M	25x	as long as short
Bybit XAUUSDT	+0.0062%	4h	4,341.4	+0.041%	$80.4M	$151.5M	150x	as long as short
Aster XAUUSD1	+0.0078%	4h	4,341.9	+0.052%	$71.4M	$332.3M	20x	as long as short
Paradex XAU-USD-PERP	+0.0084%	8h	4,341	+0.033%	$19K	$5K	5x	as long as short
Variational Omni XAU	+0.0087%	4h	4,340.5	+0.020%	$48.3M	$27.7M	—	as long as short
Pacifica XAU	+0.0100%	1h	4,337.4	−0.051%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,339.3	−0.008%	$274K	$203K	50x	as long as short
MEXC XAU_USDT	+0.0104%	4h	4,340.9	+0.030%	$370.3M	$319.3M	1000x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,340.5	+0.020%	$161K	$87	10x	as long as short
Binance XAUUSDT	+0.0105%	4h	4,340.8	+0.029%	$416.9M	$2.09B	100x	as long as short
edgeX XAUUSDC	+0.0118%	4h	4,336.3	−0.075%	$30.1M	$58.3M	50x	as long as short
Phoenix GOLD	+0.0136%	1h	4,339.8	+0.005%	$47K	$77K	25x	as long as short
GRVT XAU_USDT_Perp	+0.0174%	4h	4,341	+0.033%	$1.4M	$2.9M	25x	as long as short
Bullet GOLD-USD	+0.0216%	1h	4,341.2	+0.037%	$59K	$82K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0216%	1h	4,341	+0.032%	$4.3M	$1.9M	20x	as long as short
Bitget XAUUSDT	+0.0248%	4h	4,341.2	+0.036%	$71.0M	$109.4M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0259%	1h	4,338.2	−0.031%	$592K	$132K	25x	as long as short
Deribit GOLD_USDC-PERPETUALlong	+0.0280%	1h	4,339.6	long leg	$205K	$827K	25x
OKX XAU-USDT-SWAP	+0.0319%	8h	4,341.7	+0.048%	$166.5M	$281.7M	100x	as long as short
Phemex XAUUSDT	+0.0349%	4h	4,344.1	+0.103%	$2.2M	$967K	100x	as long as short
BloFin XAU-USDT	+0.0372%	4h	4,341.7	+0.049%	$15.6M	$4.4M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0427% / S −0.0252%	1h	4,341.1	+0.036%	$250K	—	111x	as long as short
HTX XAU-USDT	+0.0609%	4h	4,345.7	+0.141%	$2.8M	$4.6M	75x	as long as short