XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0186%/8h= −20.4% APRnext payment −$0.23 per $10,000 · paid last 24h −0.061%

Price spread now: tradeXYZ against Deribit−0.025%7-day average +0.021% · 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−$35as in the Price arb table

costs, in and out, $10k−$300.303% of the position

Long on Deribit Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.735%−$74 on $10k

Price spread, last 4 days (all we have)+0.067%+$7 · spread now −0.025%, 7d avg +0.021%

Together, before fees−0.669%+ Points / potential airdroptradeXYZ: Active · farm board−$67 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and tradeXYZ is 0.047% cheaper against Deribit than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.021%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit GOLD_USDC-PERPETUAL	4,322.5	0.0236	pay 0.0030% / 1h	31m 17s	$163K	$872K	25x
Short	tradeXYZ xyz:GOLD	4,321.4	0.0050	get 0.0006% / 1h	31m 17s	$291.7M	$51.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.025%Rate

Funding earned: −$39.07
Price spread: −0.025% → +0.021%: −$4.66
Slippage, 4 orders: −$5.27
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$74
Costs to cover: 0.303%
Break-even: never at this rate

Slippage from Deribit: live order book, 8 min ago; tradeXYZ: live order book, 9 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, 8 min ago	0.12 bp	3.6 bp −$4	4.8 bp −$48	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 9 min ago	0.12 bp	9.1 bp −$9	9.6 bp −$96	11.8 bp −$1,177	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
Hotstuff GOLD-PERP	−0.0096%	1h	4,322.5	0.000%	$32K	—	25x	as long as short
Bluefin GOLD-PERP	−0.0081%	1h	4,318.6	−0.090%	$25K	$1K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,329.1	+0.153%	$92K	$7.2M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,320	−0.059%	$270K	—	250x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.646%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,327.2	+0.109%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0045%	1h	4,324.1	+0.037%	$5.4M	$2.0M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,356.6	+0.789%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLDshort	+0.0050%	1h	4,321.4	−0.025%	$291.7M	$51.5M	25x
Ondo Perps XAU-USD.P	+0.0050%	1h	4,320.3	−0.051%	$15.0M	$55.6M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit XAUUSDT	+0.0054%	4h	4,325.3	+0.065%	$77.7M	$152.8M	150x	as long as short
Aster XAUUSD1	+0.0058%	4h	4,325.8	+0.077%	$72.9M	$271.9M	20x	as long as short
Lighter XAU	+0.0064%	1h	4,323.5	+0.024%	$20.5M	$29.4M	25x	as long as short
Paradex XAU-USD-PERP	+0.0065%	8h	4,324.1	+0.038%	$2K	$14K	5x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,320.5	−0.046%	$2.1M	$4.8M	25x	as long as short
Variational Omni XAU	+0.0089%	4h	4,324.9	+0.055%	$47.2M	$29.3M	—	as long as short
Kalshi KXGOLDPERP	+0.0093%	24h	4,325.7	+0.074%	$3.8M	$44.6M	15x	as long as short
Phoenix GOLD	+0.0096%	1h	4,323.3	+0.019%	$47K	$79K	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,321	−0.034%	$1.4M	$1.2M	10x	as long as short
MEXC XAU_USDT	+0.0100%	4h	4,324.6	+0.049%	$362.8M	$327.9M	1000x	as long as short
GRVT XAU_USDT_Perp	+0.0100%	4h	4,326.8	+0.099%	$1.4M	$3.0M	25x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,320.9	−0.038%	$272K	$208K	50x	as long as short
Binance XAUUSDT	+0.0101%	4h	4,324.2	+0.040%	$425.0M	$2.13B	100x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,323.8	+0.030%	$160K	$87	10x	as long as short
Gate XAU_USDT	+0.0108%	4h	4,326.5	+0.093%	$286.1M	$416.8M	100x	as long as short
edgeX XAUUSDC	+0.0117%	4h	4,322.9	+0.010%	$30.1M	$59.6M	50x	as long as short
Lighter RH XAU	+0.0120%	1h	4,326.2	+0.085%	$20.0M	$39.2M	25x	as long as short
Extended XAU-USD	+0.0128%	1h	4,320.1	−0.056%	$13.2M	$36.8M	25x	as long as short
Bitget XAUUSDT	+0.0194%	4h	4,323.9	+0.032%	$70.2M	$118.5M	100x	as long as short
Bullet GOLD-USD	+0.0206%	1h	4,324.3	+0.042%	$58K	$81K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0219%	1h	4,324.3	+0.042%	$4.3M	$1.9M	20x	as long as short
Kraken Futures PF_XAUUSD	+0.0228%	1h	4,322.2	−0.007%	$578K	$135K	25x	as long as short
Deribit GOLD_USDC-PERPETUALlong	+0.0236%	1h	4,322.5	long leg	$163K	$872K	25x
OKX XAU-USDT-SWAP	+0.0276%	8h	4,325	+0.058%	$173.9M	$299.0M	100x	as long as short
BloFin XAU-USDT	+0.0341%	4h	4,324.9	+0.055%	$16.4M	$4.6M	100x	as long as short
Phemex XAUUSDT	+0.0368%	4h	4,327.3	+0.112%	$2.2M	$975K	100x	as long as short
HTX XAU-USDT	+0.0430%	4h	4,331.1	+0.198%	$3.2M	$5.9M	75x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0462% / S −0.0307%	1h	4,324.3	+0.041%	$253K	—	111x	as long as short
RISEx XAU/USDC	+0.0643%	1h	4,324.5	+0.047%	$4.6M	$13.3M	25x	as long as short