Funding you earn now, next payment 06:00 UTC−0.0018%/8h= −2.0% APRpaid last 24h +0.020%
Price spread now: Phoenix against Gate−0.108%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.172%+$17 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Phoenix is 0.108% cheaper against Gate than usual: you would sell low and buy high (−$11 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.172%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate XAU_USDT | 4,326.3 | 0.0118 | pay 0.0059% / 4h | 1h 15m | $280.6M | $422.6M | 100x |
| Short | Phoenix GOLD | 4,321.6 | 0.0100 | get 0.0012% / 1h | 15m 02s | $47K | $79K | 25x |
Gate XAU_USDT
Phoenix GOLDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- −$3.81
- Price spread: −0.108% → 0.000%
- −$10.84
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$36.65
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: Gate: live order book, 4 min ago; Phoenix: no order-book sample. Net counts fees only.
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, 4 min ago | 0.01 bp | 7.5 bp −$8 | 8.4 bp −$84 | 12.3 bp −$1,229 | 14.3 bp −$7,128 |
| Sell Phoenix no order-book sample | — | — | — | — | — |
Phoenix: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0065% | 1h | 4,317 | −0.214% | $25K | $1K | 20x | as long as short |
| Hotstuff GOLD-PERP | −0.0024% | 1h | 4,319.6 | −0.155% | $32K | — | 25x | as long as short |
| SunX XAU-USDT | 0.0000% | 4h | 4,328.2 | +0.044% | $92K | $7.6M | 20x | as long as short |
| gTrade (Gains Network) XAU/USD | L +0.0002% / S −0.0003% | 1h | 4,319.3 | −0.161% | $270K | — | 250x | as long as short |
| Bybit XAUUSDT | +0.0023% | 4h | 4,325 | −0.030% | $77.3M | $154.4M | 150x | as long as short |
| Injective XAU/USDC PERP | +0.0033% | 1h | 4,350.4 | +0.558% | $619 | $54 | 52x | as long as short |
| StandX XAU-USD | +0.0040% | 1h | 4,323.4 | −0.067% | $3.8M | $4.5M | 40x | as long as short |
| QFEX GOLD-USD | +0.0042% | 1h | 4,322 | −0.099% | $5.4M | $2.0M | 20x | as long as short |
| Vest GC-PERP | +0.0046% | 1h | 4,355.8 | +0.682% | — | $1.0M | 25x | as long as short |
| tradeXYZ xyz:GOLD | +0.0050% | 1h | 4,320.7 | −0.129% | $291.6M | $51.3M | 25x | as long as short |
Bluefin GOLD-PERP
Hotstuff GOLD-PERP
SunX XAU-USDT
gTrade (Gains Network) XAU/USD
Bybit XAUUSDT
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 | 4,319.5 | −0.157% | $15.0M | $55.5M | 25x | as long as short |
| Aster XAUUSD1 | +0.0063% | 4h | 4,326.3 | 0.000% | $72.6M | $274.4M | 20x | as long as short |
| Lighter XAU | +0.0072% | 1h | 4,323.2 | −0.071% | $20.3M | $30.7M | 25x | as long as short |
| Coinbase International GOLD-PERP-INTX | +0.0072% | 1h | 4,320.6 | −0.132% | $2.1M | $4.9M | 25x | as long as short |
| Paradex XAU-USD-PERP | +0.0078% | 8h | 4,322.6 | −0.086% | $2K | $14K | 5x | as long as short |
| Kalshi KXGOLDPERP | +0.0080% | 24h | 4,324.5 | −0.041% | $3.8M | $43.9M | 15x | as long as short |
| GRVT XAU_USDT_Perp | +0.0090% | 4h | 4,323.2 | −0.071% | $1.4M | $3.0M | 25x | as long as short |
| Variational Omni XAU | +0.0094% | 4h | 4,322.5 | −0.088% | $47.3M | $28.7M | — | as long as short |
| Phoenix GOLDshort | +0.0100% | 1h | 4,321.6 | −0.108% | $47K | $79K | 25x | |
| Pacifica XAU | +0.0100% | 1h | 4,319.6 | −0.155% | $1.4M | $1.2M | 10x | as long as short |
| MEXC XAU_USDT | +0.0100% | 4h | 4,324.1 | −0.050% | $374.0M | $333.2M | 1000x | as long as short |
| ApeX Omni XAUUSDT | +0.0100% | 1h | 4,319.6 | −0.155% | $272K | $208K | 50x | as long as short |
| Binance XAUUSDT | +0.0101% | 4h | 4,324.5 | −0.042% | $423.1M | $2.14B | 100x | as long as short |
| Aevo XAU-PERP | +0.0104% | 1h | 4,322.8 | −0.081% | $160K | $87 | 10x | as long as short |
| edgeX XAUUSDC | +0.0109% | 4h | 4,319.6 | −0.155% | $30.1M | $60.1M | 50x | as long as short |
| Lighter RH XAU | +0.0112% | 1h | 4,325.6 | −0.015% | $19.9M | $39.3M | 25x | as long as short |
| Gate XAU_USDTlong | +0.0118% | 4h | 4,326.3 | long leg | $280.6M | $422.6M | 100x | |
| Extended XAU-USD | +0.0128% | 1h | 4,319.5 | −0.156% | $12.9M | $37.0M | 25x | as long as short |
| Kraken Futures PF_XAUUSD | +0.0153% | 1h | 4,320.8 | −0.126% | $578K | $146K | 25x | as long as short |
| RISEx XAU/USDC | +0.0184% | 1h | 4,326 | −0.008% | $4.1M | $12.8M | 25x | as long as short |
| Bullet GOLD-USD | +0.0186% | 1h | 4,324.5 | −0.041% | $59K | $82K | 10x | as long as short |
| Polymarket Perps GOLD-USD | +0.0216% | 1h | 4,323.9 | −0.055% | $4.3M | $1.9M | 20x | as long as short |
| Bitget XAUUSDT | +0.0220% | 4h | 4,324.1 | −0.051% | $67.5M | $118.3M | 100x | as long as short |
| HTX XAU-USDT | +0.0272% | 4h | 4,327.6 | +0.031% | $3.0M | $5.4M | 75x | as long as short |
| OKX XAU-USDT-SWAP | +0.0301% | 8h | 4,325.1 | −0.028% | $172.7M | $299.9M | 100x | as long as short |
| Deribit GOLD_USDC-PERPETUAL | +0.0305% | 1h | 4,322.9 | −0.078% | $191K | $838K | 25x | as long as short |
| Phemex XAUUSDT | +0.0329% | 4h | 4,326.5 | +0.004% | $2.2M | $967K | 100x | as long as short |
| BloFin XAU-USDT | +0.0341% | 4h | 4,324.6 | −0.040% | $16.2M | $4.6M | 100x | as long as short |
| GMX GOLD/USD [ETH-USDC] | L +0.0462% / S −0.0307% | 1h | 4,323.7 | −0.060% | $252K | — | 111x | as long as short |
Ondo Perps XAU-USD.P
Aster XAUUSD1
Lighter XAU
Coinbase International GOLD-PERP-INTX
Paradex XAU-USD-PERP
Kalshi KXGOLDPERP
GRVT XAU_USDT_Perp
Variational Omni XAU
Pacifica XAU
MEXC XAU_USDT
ApeX Omni XAUUSDT
Binance XAUUSDT
Aevo XAU-PERP
edgeX XAUUSDC
Lighter RH XAU
Extended XAU-USD
Kraken Futures PF_XAUUSD
RISEx XAU/USDC
Bullet GOLD-USD
Polymarket Perps GOLD-USD
Bitget XAUUSDT
HTX XAU-USDT
OKX XAU-USDT-SWAP
Deribit GOLD_USDC-PERPETUAL
Phemex XAUUSDT
BloFin XAU-USDT
GMX GOLD/USD [ETH-USDC]