XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0253%/8h= +27.7% APRnext payment +$0.32 per $10,000 · paid last 24h +0.078%

Price spread now: Kraken Futures against Hotstuff+0.021%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Hotstuff Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHotstuff: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Kraken Futures is 0.021% dearer against Hotstuff than usual: you sell high and buy low: +$2 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff GOLD-PERP	4,357.3	0.0016	pay 0.0002% / 1h	56m 35s	$33K	—	25x
Short	Kraken Futures PF_XAUUSD	4,358.2	0.0269	get 0.0034% / 1h	56m 35s	$594K	$141K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Hotstuff. 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 HotstuffbpFee Kraken FuturesbpOrdersPrice spread, now +0.021%Rate

Funding earned: $53.07
Price spread: +0.021% → 0.000%: $2.14
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $40.21
Costs to cover: 0.150%
Break-even: 1.7 days

Slippage unknown: Hotstuff: no order-book sample; Kraken Futures: live order book, 11 min ago. 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 Hotstuff no order-book sample	—	—	—	—	—
Sell Kraken Futures live order book, 11 min ago	1.57 bp	9.0 bp −$9	17.3 bp −$173	doesn't fit	doesn't fit

Hotstuff: 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	−0.0350%	1h	4,353.5	−0.086%	$26K	$22K	20x	as long as short
Aster XAUUSD1	0.0000%	4h	4,364.1	+0.156%	$68.5M	$251.1M	20x	as long as short
Gate XAU_USDT	0.0000%	4h	4,364.9	+0.173%	$264.0M	$401.1M	100x	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,358.5	+0.028%	$4.1M	$36.5M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,365.8	+0.196%	$93K	$10.0M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,357.3	+0.001%	$269K	—	250x	as long as short
Hotstuff GOLD-PERPlong	+0.0016%	1h	4,357.3	long leg	$33K	—	25x
Extended XAU-USD	+0.0032%	1h	4,360.3	+0.068%	$13.5M	$43.4M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.158%	$619	$54	52x	as long as short
Variational Omni XAU	+0.0040%	4h	4,362	+0.107%	$48.4M	$28.5M	—	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX XAU-USD	+0.0040%	1h	4,365	+0.177%	$3.8M	$4.7M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,395.2	+0.870%	—	$1.0M	25x	as long as short
Lighter XAU	+0.0048%	1h	4,362.4	+0.117%	$20.6M	$43.2M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,359.7	+0.055%	$294.2M	$51.8M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0050%	1h	4,360.2	+0.067%	$4.3M	$1.8M	20x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,360.6	+0.077%	$14.9M	$57.3M	25x	as long as short
QFEX GOLD-USD	+0.0051%	1h	4,363.8	+0.149%	$5.6M	$1.9M	20x	as long as short
Phoenix GOLD	+0.0055%	1h	4,358.9	+0.037%	$48K	$64K	25x	as long as short
Lighter RH XAU	+0.0056%	1h	4,364.8	+0.173%	$20.2M	$40.6M	25x	as long as short
MEXC XAU_USDT	+0.0062%	4h	4,364.4	+0.163%	$374.4M	$318.9M	1000x	as long as short
edgeX XAUUSDC	+0.0062%	4h	4,356.3	−0.022%	$30.3M	$60.0M	50x	as long as short
Binance XAUUSDT	+0.0064%	4h	4,364.3	+0.162%	$411.8M	$2.12B	100x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,356.9	−0.009%	$2.0M	$5.0M	25x	as long as short
Paradex XAU-USD-PERP	+0.0088%	8h	4,363.2	+0.136%	$19K	$5K	5x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0094%	1h	4,358.7	+0.032%	$235K	$659K	25x	as long as short
Aevo XAU-PERP	+0.0096%	1h	4,360.4	+0.072%	$161K	$87	10x	as long as short
Pacifica XAU	+0.0100%	1h	4,360.6	+0.076%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,358.5	+0.027%	$275K	$204K	50x	as long as short
Bitget XAUUSDT	+0.0116%	4h	4,365	+0.177%	$69.5M	$111.1M	100x	as long as short
RISEx XAU/USDC	+0.0135%	1h	4,363.8	+0.150%	$3.4M	$12.4M	25x	as long as short
GRVT XAU_USDT_Perp	+0.0154%	4h	4,362.8	+0.126%	$1.4M	$3.1M	25x	as long as short
Bullet GOLD-USD	+0.0179%	1h	4,361.4	+0.094%	$59K	$83K	10x	as long as short
Bybit XAUUSDT	+0.0203%	4h	4,365.3	+0.183%	$83.6M	$144.8M	150x	as long as short
OKX XAU-USDT-SWAP	+0.0217%	8h	4,365.8	+0.195%	$164.2M	$286.5M	100x	as long as short
BloFin XAU-USDT	+0.0255%	4h	4,362.8	+0.125%	$15.4M	$4.6M	100x	as long as short
Kraken Futures PF_XAUUSDshort	+0.0269%	1h	4,358.2	+0.021%	$594K	$141K	25x
Phemex XAUUSDT	+0.0317%	4h	4,365.3	+0.183%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0394% / S −0.0199%	1h	4,361.6	+0.099%	$254K	—	111x	as long as short
HTX XAU-USDT	+0.0549%	4h	4,365.9	+0.197%	$2.9M	$3.9M	75x	as long as short