Funding you earn now, next payment 05:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.013%
Price spread now: Coinbase International against Gate−0.105%7-day average −0.126% · you buy dearer than you sell
Net, funding: paid 7d − costs+$23as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$270.268% of the position
Funding, last 7 days+0.494%+$49 on $10k
+Price spread, last 4 days (all we have)+0.016%+$2 · spread now −0.105%, 7d avg −0.126%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Coinbase International is 0.021% dearer against Gate than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.126%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate XAU_USDT | 4,351.5 | 0.0076 | pay 0.0038% / 4h | 2h 47m | $271.8M | $397.2M | 100x |
| Short | Coinbase International GOLD-PERP-INTX | 4,346.9 | 0.0072 | get 0.0009% / 1h | 47m 38s | $2.1M | $4.7M | 25x |
Gate XAU_USDT
Coinbase International GOLD-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Gate. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$0.84
- Price spread: −0.105% → −0.126%
- $2.08
- Slippage, 4 orders
- −$1.77
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$25.54
- Costs to cover
- 0.268%
- Break-even
- never at this rate
Slippage from Gate: live order book, 1 min ago; Coinbase International: live order book, 6 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 Gate live order book, 1 min ago | 0.01 bp | 7.5 bp −$8 | 8.6 bp −$86 | 12.6 bp −$1,257 | 14.2 bp −$7,104 |
| Sell Coinbase International live order book, 6 min ago | 0.12 bp | 5.9 bp −$6 | 8.1 bp −$81 | doesn't fit | 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 | −0.0060% | 1h | 4,344.8 | −0.154% | $25K | $14K | 20x | as long as short |
| SunX XAU-USDT | 0.0000% | 4h | 4,354.6 | +0.071% | $93K | $8.5M | 20x | as long as short |
| gTrade (Gains Network) XAU/USD | L +0.0002% / S −0.0003% | 1h | 4,347.4 | −0.095% | $272K | — | 250x | as long as short |
| Hotstuff GOLD-PERP | +0.0024% | 1h | 4,346.7 | −0.110% | $33K | — | 25x | as long as short |
| Extended XAU-USD | +0.0032% | 1h | 4,346.4 | −0.117% | $13.2M | $37.3M | 25x | as long as short |
| Injective XAU/USDC PERP | +0.0033% | 1h | 4,350.4 | −0.024% | $619 | $54 | 52x | as long as short |
| StandX XAU-USD | +0.0040% | 1h | 4,351.5 | 0.000% | $3.8M | $4.5M | 40x | as long as short |
| QFEX GOLD-USD | +0.0044% | 1h | 4,348.9 | −0.059% | $5.5M | $2.1M | 20x | as long as short |
| Vest GC-PERP | +0.0046% | 1h | 4,383.3 | +0.731% | — | $1.0M | 25x | as long as short |
| tradeXYZ xyz:GOLD | +0.0050% | 1h | 4,346.8 | −0.108% | $293.7M | $49.5M | 25x | as long as short |
Bluefin GOLD-PERP
SunX XAU-USDT
gTrade (Gains Network) XAU/USD
Hotstuff GOLD-PERP
Extended XAU-USD
Injective XAU/USDC PERP
StandX XAU-USD
QFEX GOLD-USD
Vest GC-PERP
tradeXYZ xyz:GOLDShow 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 | 4,346.7 | −0.109% | $15.1M | $56.7M | 25x | as long as short |
| RISEx XAU/USDC | +0.0054% | 1h | 4,350.8 | −0.016% | $3.7M | $12.6M | 25x | as long as short |
| Kalshi KXGOLDPERP | +0.0054% | 24h | 4,348.5 | −0.068% | $4.2M | $39.4M | 15x | as long as short |
| Lighter XAU | +0.0056% | 1h | 4,349.2 | −0.053% | $20.7M | $30.4M | 25x | as long as short |
| Bybit XAUUSDT | +0.0066% | 4h | 4,351.4 | −0.001% | $80.2M | $151.8M | 150x | as long as short |
| Paradex XAU-USD-PERP | +0.0070% | 8h | 4,350.4 | −0.026% | $19K | $5K | 5x | as long as short |
| Coinbase International GOLD-PERP-INTXshort | +0.0072% | 1h | 4,346.9 | −0.105% | $2.1M | $4.7M | 25x | |
| Gate XAU_USDTlong | +0.0076% | 4h | 4,351.5 | long leg | $271.8M | $397.2M | 100x | |
| Pacifica XAU | +0.0100% | 1h | 4,346.4 | −0.116% | $1.4M | $1.2M | 10x | as long as short |
| ApeX Omni XAUUSDT | +0.0100% | 1h | 4,346.9 | −0.105% | $277K | $204K | 50x | as long as short |
| Aster XAUUSD1 | +0.0107% | 4h | 4,352.4 | +0.021% | $71.6M | $331.2M | 20x | as long as short |
| Variational Omni XAU | +0.0108% | 4h | 4,349.5 | −0.046% | $48.5M | $27.6M | — | as long as short |
| Lighter RH XAU | +0.0112% | 1h | 4,351.5 | 0.000% | $20.1M | $38.1M | 25x | as long as short |
| Aevo XAU-PERP | +0.0112% | 1h | 4,349.9 | −0.036% | $161K | $87 | 10x | as long as short |
| Deribit GOLD_USDC-PERPETUAL | +0.0118% | 1h | 4,349.6 | −0.043% | $203K | $822K | 25x | as long as short |
| MEXC XAU_USDT | +0.0118% | 4h | 4,350 | −0.034% | $370.4M | $317.9M | 1000x | as long as short |
| Binance XAUUSDT | +0.0119% | 4h | 4,350.2 | −0.030% | $419.5M | $2.09B | 100x | as long as short |
| GRVT XAU_USDT_Perp | +0.0124% | 4h | 4,350 | −0.033% | $1.4M | $2.9M | 25x | as long as short |
| Phoenix GOLD | +0.0127% | 1h | 4,347.7 | −0.087% | $47K | $77K | 25x | as long as short |
| edgeX XAUUSDC | +0.0132% | 4h | 4,345.7 | −0.133% | $30.2M | $58.1M | 50x | as long as short |
| Bullet GOLD-USD | +0.0160% | 1h | 4,350.6 | −0.019% | $59K | $82K | 10x | as long as short |
| Polymarket Perps GOLD-USD | +0.0170% | 1h | 4,350.6 | −0.020% | $4.3M | $2.0M | 20x | as long as short |
| Phemex XAUUSDT | +0.0204% | 4h | 4,352.9 | +0.033% | $2.2M | $967K | 100x | as long as short |
| Kraken Futures PF_XAUUSD | +0.0246% | 1h | 4,347.5 | −0.091% | $591K | $128K | 25x | as long as short |
| Bitget XAUUSDT | +0.0280% | 4h | 4,350.6 | −0.020% | $71.5M | $108.0M | 100x | as long as short |
| HTX XAU-USDT | +0.0283% | 4h | 4,351.8 | +0.007% | $2.8M | $4.6M | 75x | as long as short |
| OKX XAU-USDT-SWAP | +0.0336% | 8h | 4,351.5 | 0.000% | $168.1M | $282.2M | 100x | as long as short |
| BloFin XAU-USDT | +0.0372% | 4h | 4,349.2 | −0.051% | $15.8M | $4.4M | 100x | as long as short |
| GMX GOLD/USD [ETH-USDC] | L +0.0427% / S −0.0252% | 1h | 4,351 | −0.012% | $251K | — | 111x | as long as short |
Ondo Perps XAU-USD.P
RISEx XAU/USDC
Kalshi KXGOLDPERP
Lighter XAU
Bybit XAUUSDT
Paradex XAU-USD-PERP
Pacifica XAU
ApeX Omni XAUUSDT
Aster XAUUSD1
Variational Omni XAU
Lighter RH XAU
Aevo XAU-PERP
Deribit GOLD_USDC-PERPETUAL
MEXC XAU_USDT
Binance XAUUSDT
GRVT XAU_USDT_Perp
Phoenix GOLD
edgeX XAUUSDC
Bullet GOLD-USD
Polymarket Perps GOLD-USD
Phemex XAUUSDT
Kraken Futures PF_XAUUSD
Bitget XAUUSDT
HTX XAU-USDT
OKX XAU-USDT-SWAP
BloFin XAU-USDT
GMX GOLD/USD [ETH-USDC]