Funding you earn now, next payment 10:00 UTC+3.2127%/8h= +3517.9% APRnext payment +$40.16 per $10,000 · paid last 24h +0.366%
Price spread now: Phoenix against Hotstuff+0.368%53s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$964 a day on $10k at the current rate, and Phoenix is 0.368% dearer against Hotstuff than usual: you sell high and buy low: +$37 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hotstuff GOLD-PERP | 4,318.3 | −3.2000 | get 0.4000% / 1h | 46m 31s | $32K | — | 25x |
| Short | Phoenix GOLD | 4,334.2 | 0.0127 | get 0.0016% / 1h | 46m 31s | $43K | $71K | 25x |
Hotstuff GOLD-PERP
Phoenix GOLDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Hotstuff. 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
- $6,746.73
- Price spread: +0.368% → 0.000%
- $36.82
- Slippage, 4 orders
- no order book: not counted
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $6,771.55
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: Hotstuff: no order-book sample; 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 Hotstuff no order-book sample | — | — | — | — | — |
| Sell Phoenix no order-book sample | — | — | — | — | — |
Hotstuff and 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 exchanges
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-PERPlong | −3.2000% | 1h | 4,318.3 | long leg | $32K | — | 25x | |
| Bluefin GOLD-PERP | −0.0059% | 1h | 4,331.1 | +0.296% | $25K | $1K | 20x | as long as short |
| SunX XAU-USDT | 0.0000% | 4h | 4,340.7 | +0.519% | $92K | $5.9M | 20x | as long as short |
| Coinbase International GOLD-PERP-INTX | 0.0000% | 1h | 4,333.4 | +0.350% | $2.1M | $5.3M | 25x | as long as short |
| gTrade (Gains Network) XAU/USD | L +0.0002% / S −0.0003% | 1h | 4,333.5 | +0.351% | $304K | — | 250x | as long as short |
| Injective XAU/USDC PERP | +0.0033% | 1h | 4,350.4 | +0.744% | $619 | $54 | 52x | as long as short |
| StandX XAU-USD | +0.0040% | 1h | 4,337.2 | +0.438% | $3.8M | $4.5M | 40x | as long as short |
| QFEX GOLD-USD | +0.0041% | 1h | 4,334.9 | +0.384% | $6.7M | $3.2M | 20x | as long as short |
| Vest GC-PERP | +0.0046% | 1h | 4,369 | +1.174% | — | $1.0M | 25x | as long as short |
| tradeXYZ xyz:GOLD | +0.0050% | 1h | 4,332.3 | +0.324% | $292.5M | $51.5M | 25x | as long as short |
Bluefin GOLD-PERP
SunX XAU-USDT
Coinbase International GOLD-PERP-INTX
gTrade (Gains Network) XAU/USD
Injective XAU/USDC PERP
StandX XAU-USD
QFEX GOLD-USD
Vest GC-PERP
tradeXYZ xyz:GOLDShow all 39 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps XAU-USD.P | +0.0050% | 1h | 4,331.2 | +0.300% | $15.1M | $59.4M | 25x | as long as short |
| Paradex XAU-USD-PERP | +0.0054% | 8h | 4,335.4 | +0.395% | $2K | $13K | 5x | as long as short |
| Aster XAUUSD1 | +0.0057% | 4h | 4,336.7 | +0.425% | $72.4M | $276.0M | 20x | as long as short |
| Polymarket Perps GOLD-USD | +0.0067% | 1h | 4,334.7 | +0.380% | $4.3M | $1.7M | 20x | as long as short |
| Deribit GOLD_USDC-PERPETUAL | +0.0073% | 1h | 4,335.2 | +0.391% | $135K | $707K | 25x | as long as short |
| Variational Omni XAU | +0.0079% | 4h | 4,338.5 | +0.468% | $47.3M | $29.2M | — | as long as short |
| Lighter XAU | +0.0080% | 1h | 4,335.3 | +0.395% | $20.2M | $30.4M | 25x | as long as short |
| Gate XAU_USDT | +0.0080% | 4h | 4,337.1 | +0.435% | $298.5M | $444.2M | 100x | as long as short |
| Lighter RH XAU | +0.0088% | 1h | 4,337.8 | +0.450% | $19.7M | $39.9M | 25x | as long as short |
| GRVT XAU_USDT_Perp | +0.0096% | 4h | 4,337.9 | +0.454% | $1.4M | $3.1M | 25x | as long as short |
| MEXC XAU_USDT | +0.0096% | 4h | 4,336 | +0.409% | $368.0M | $352.6M | 1000x | as long as short |
| Binance XAUUSDT | +0.0096% | 4h | 4,335.3 | +0.394% | $442.7M | $2.43B | 100x | as long as short |
| Pacifica XAU | +0.0100% | 1h | 4,332.4 | +0.326% | $1.4M | $1.3M | 10x | as long as short |
| ApeX Omni XAUUSDT | +0.0100% | 1h | 4,336.2 | +0.414% | $285K | $223K | 50x | as long as short |
| Aevo XAU-PERP | +0.0104% | 1h | 4,335.9 | +0.408% | $161K | $87 | 10x | as long as short |
| edgeX XAUUSDC | +0.0118% | 4h | 4,335.5 | +0.398% | $30.3M | $67.5M | 50x | as long as short |
| Bybit XAUUSDT | +0.0120% | 4h | 4,336.3 | +0.418% | $82.4M | $172.6M | 150x | as long as short |
| Extended XAU-USD | +0.0120% | 1h | 4,332.3 | +0.323% | $12.5M | $34.7M | 25x | as long as short |
| Phoenix GOLDshort | +0.0127% | 1h | 4,334.2 | +0.368% | $43K | $71K | 25x | |
| Kalshi KXGOLDPERP | +0.0137% | 24h | 4,338.7 | +0.472% | $3.5M | $51.1M | 15x | as long as short |
| Bullet GOLD-USD | +0.0166% | 1h | 4,335.3 | +0.394% | $59K | $76K | 10x | as long as short |
| RISEx XAU/USDC | +0.0205% | 1h | 4,335.8 | +0.406% | $4.7M | $13.2M | 25x | as long as short |
| Bitget XAUUSDT | +0.0212% | 4h | 4,335.4 | +0.396% | $72.8M | $139.6M | 100x | as long as short |
| Phemex XAUUSDT | +0.0214% | 4h | 4,339.6 | +0.494% | $2.3M | $784K | 100x | as long as short |
| OKX XAU-USDT-SWAP | +0.0238% | 8h | 4,336.5 | +0.421% | $170.8M | $361.5M | 100x | as long as short |
| Kraken Futures PF_XAUUSD | +0.0253% | 1h | 4,333.8 | +0.359% | $584K | $169K | 25x | as long as short |
| BloFin XAU-USDT | +0.0338% | 4h | 4,337.1 | +0.435% | $16.3M | $5.3M | 100x | as long as short |
| GMX GOLD/USD [ETH-USDC] | L +0.0461% / S −0.0308% | 1h | 4,336.9 | +0.431% | $254K | — | 111x | as long as short |
| HTX XAU-USDT | +0.1085% | 4h | 4,344.4 | +0.604% | $3.2M | $7.1M | 75x | as long as short |
Ondo Perps XAU-USD.P
Paradex XAU-USD-PERP
Aster XAUUSD1
Polymarket Perps GOLD-USD
Deribit GOLD_USDC-PERPETUAL
Variational Omni XAU
Lighter XAU
Gate XAU_USDT
Lighter RH XAU
GRVT XAU_USDT_Perp
MEXC XAU_USDT
Binance XAUUSDT
Pacifica XAU
ApeX Omni XAUUSDT
Aevo XAU-PERP
edgeX XAUUSDC
Bybit XAUUSDT
Extended XAU-USD
Kalshi KXGOLDPERP
Bullet GOLD-USD
RISEx XAU/USDC
Bitget XAUUSDT
Phemex XAUUSDT
OKX XAU-USDT-SWAP
Kraken Futures PF_XAUUSD
BloFin XAU-USDT
GMX GOLD/USD [ETH-USDC]
HTX XAU-USDT