XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0046%/8h= +5.0% APRnext payment +$0.06 per $10,000 · paid last 24h +0.026%

Price spread now: Coinbase International against gTrade (Gains Network)+0.096%7-day average +0.032% · 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−$272as in the Price arb table

costs, in and out, $10k−$2792.789% of the position

Long on gTrade (Gains Network)Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.482%+$48 on $10k

Price spread, last 3 days (all we have)−0.027%−$3 · spread now +0.096%, 7d avg +0.032%

Together, before fees+0.455%+$46 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Coinbase International is 0.064% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) XAU/USD	4,342.5	L +0.0002% / S −0.0003%	pay 0.0000% / 1h	49m 00s	$269K	—	250x
Short	Coinbase International GOLD-PERP-INTX	4,346.7	0.0048	get 0.0006% / 1h	49m 00s	$2.0M	$4.9M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee Coinbase InternationalbpOrdersPrice spread, now +0.096%Rate

Funding earned: $9.6
Price spread: +0.096% → +0.032%: $6.42
Slippage, 4 orders: −$261.91
Fee gTrade (Gains Network): 3.5 bp × 2 orders: −$7
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$262.9
Costs to cover: 2.789%
Break-even: 198.8 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 45 min ago; Coinbase International: 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 gTrade (Gains Network) virtual book (oracle venue), 45 min ago	130.01 bp	133.5 bp −$134	196.7 bp −$1,967	1352.9 bp −$135.3K	5907.8 bp −$2.95M
Sell Coinbase International live order book, 5 min ago	0.46 bp	6.4 bp −$6	7.9 bp −$79	doesn't fit	doesn't fit

XAU on 38 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	−0.0050%	1h	4,342.1	−0.011%	$25K	$14K	20x	as long as short
Hotstuff GOLD-PERP	−0.0032%	1h	4,344.6	+0.047%	$33K	—	25x	as long as short
Gate XAU_USDT	0.0000%	4h	4,348.3	+0.132%	$264.3M	$406.3M	100x	as long as short
SunX XAU-USDT	0.0000%	4h	4,351.5	+0.206%	$92K	$9.4M	20x	as long as short
gTrade (Gains Network) XAU/USDlong	L +0.0002% / S −0.0003%	1h	4,342.5	long leg	$269K	—	250x
RISEx XAU/USDC	+0.0010%	1h	4,347.5	+0.115%	$3.4M	$12.4M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,342.5	−0.002%	$13.6M	$40.2M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.181%	$619	$54	52x	as long as short
Kalshi KXGOLDPERP	+0.0037%	24h	4,345.3	+0.064%	$4.1M	$36.2M	15x	as long as short
StandX XAU-USD	+0.0040%	1h	4,349.3	+0.156%	$3.8M	$4.6M	40x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest GC-PERP	+0.0046%	1h	4,380.2	+0.867%	—	$1.0M	25x	as long as short
QFEX GOLD-USD	+0.0046%	1h	4,346.7	+0.096%	$5.6M	$1.9M	20x	as long as short
Lighter XAU	+0.0048%	1h	4,345.2	+0.060%	$20.6M	$41.9M	25x	as long as short
Coinbase International GOLD-PERP-INTXshort	+0.0048%	1h	4,346.7	+0.096%	$2.0M	$4.9M	25x
tradeXYZ xyz:GOLD	+0.0050%	1h	4,344.7	+0.050%	$293.2M	$48.7M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,343.8	+0.029%	$15.1M	$57.8M	25x	as long as short
Aster XAUUSD1	+0.0056%	4h	4,347.8	+0.121%	$70.0M	$330.7M	20x	as long as short
Lighter RH XAU	+0.0080%	1h	4,347.7	+0.119%	$20.1M	$39.3M	25x	as long as short
Paradex XAU-USD-PERP	+0.0085%	8h	4,347.2	+0.108%	$19K	$5K	5x	as long as short
Pacifica XAU	+0.0100%	1h	4,344.2	+0.038%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,350.6	+0.186%	$275K	$203K	50x	as long as short
Variational Omni XAU	+0.0102%	4h	4,347.9	+0.123%	$48.3M	$27.9M	—	as long as short
Binance XAUUSDT	+0.0108%	4h	4,346.6	+0.093%	$410.0M	$2.10B	100x	as long as short
Polymarket Perps GOLD-USD	+0.0109%	1h	4,345.9	+0.077%	$4.3M	$1.9M	20x	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,346.9	+0.100%	$161K	$87	10x	as long as short
MEXC XAU_USDT	+0.0114%	4h	4,346.6	+0.093%	$370.9M	$316.4M	1000x	as long as short
GRVT XAU_USDT_Perp	+0.0118%	4h	4,349.4	+0.159%	$1.4M	$3.0M	25x	as long as short
edgeX XAUUSDC	+0.0136%	4h	4,348.4	+0.135%	$30.3M	$58.7M	50x	as long as short
Phoenix GOLD	+0.0136%	1h	4,347.8	+0.121%	$47K	$77K	25x	as long as short
Bullet GOLD-USD	+0.0201%	1h	4,347	+0.102%	$58K	$83K	10x	as long as short
Bybit XAUUSDT	+0.0202%	4h	4,348.1	+0.127%	$84.3M	$145.2M	150x	as long as short
Bitget XAUUSDT	+0.0210%	4h	4,346.7	+0.095%	$69.6M	$109.2M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0249%	8h	4,347.8	+0.121%	$164.4M	$282.4M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0270%	1h	4,344	+0.034%	$593K	$133K	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0280%	1h	4,345.1	+0.059%	$259K	$703K	25x	as long as short
Phemex XAUUSDT	+0.0353%	4h	4,349.8	+0.167%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0399% / S −0.0208%	1h	4,347	+0.102%	$251K	—	111x	as long as short
HTX XAU-USDT	+0.0593%	4h	4,353.1	+0.243%	$2.8M	$4.2M	75x	as long as short