XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0391%/8h= −42.9% APRnext payment −$1.96 per $10,000 · paid last 24h −0.025%

Price spread now: Bybit against HTX−0.072%7-day average −0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$280.281% of the position

Long on HTX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.008%−$1 on $10k

Price spread, last 4 days (all we have)0.000%$0 · spread now −0.072%, 7d avg −0.033%

Together, before fees−0.008%−$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Bybit is 0.039% cheaper against HTX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.033%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.008% in total (about -0.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.96 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX XAU-USDT	4,353.6	0.0629	pay 0.0315% / 4h	38m 57s	$2.9M	$4.3M	75x
Short	Bybit XAUUSDT	4,350.4	0.0238	get 0.0119% / 4h	38m 57s	$85.0M	$144.8M	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against HTX. 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 HTXbpFee BybitbpOrdersPrice spread, now −0.072%Rate

Funding earned: −$82.2
Price spread: −0.072% → −0.033%: −$3.86
Slippage, 4 orders: −$5.07
Fee HTX: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$114.13
Costs to cover: 0.281%
Break-even: never at this rate

Slippage from HTX: live order book, 5 min ago; Bybit: 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 HTX live order book, 5 min ago	0.01 bp	8.8 bp −$9	10.8 bp −$108	16.3 bp −$1,629	doesn't fit
Sell Bybit live order book, 5 min ago	0.01 bp	5.5 bp −$6	6.6 bp −$66	13.0 bp −$1,300	39.5 bp −$19.7K

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
RISEx XAU/USDC	0.0000%	1h	4,348	−0.128%	$3.4M	$12.3M	25x	as long as short
SunX XAU-USDT	0.0000%	4h	4,352.7	−0.019%	$92K	$9.0M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,344.1	−0.218%	$271K	—	250x	as long as short
Gate XAU_USDT	+0.0014%	4h	4,349.8	−0.086%	$267.8M	$411.0M	100x	as long as short
Lighter XAU	+0.0032%	1h	4,347.6	−0.136%	$20.8M	$37.8M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,344.5	−0.208%	$13.3M	$38.5M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.072%	$619	$54	52x	as long as short
Lighter RH XAU	+0.0040%	1h	4,348.8	−0.109%	$20.1M	$39.2M	25x	as long as short
StandX XAU-USD	+0.0040%	1h	4,350.1	−0.079%	$3.8M	$4.6M	40x	as long as short
QFEX GOLD-USD	+0.0041%	1h	4,348.1	−0.125%	$5.7M	$2.0M	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kalshi KXGOLDPERP	+0.0044%	24h	4,346.5	−0.162%	$4.2M	$37.1M	15x	as long as short
Vest GC-PERP	+0.0046%	1h	4,381.6	+0.644%	—	$1.1M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0048%	1h	4,345.7	−0.180%	$2.0M	$4.9M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,345.1	−0.194%	$293.8M	$48.7M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,345.1	−0.195%	$15.1M	$56.7M	25x	as long as short
Aster XAUUSD1	+0.0064%	4h	4,349.6	−0.091%	$71.0M	$333.7M	20x	as long as short
Variational Omni XAU	+0.0079%	4h	4,348.9	−0.107%	$48.4M	$27.7M	—	as long as short
Hotstuff GOLD-PERP	+0.0080%	1h	4,344.9	−0.199%	$33K	—	25x	as long as short
GRVT XAU_USDT_Perp	+0.0086%	4h	4,349.1	−0.102%	$1.4M	$3.0M	25x	as long as short
Paradex XAU-USD-PERP	+0.0086%	8h	4,348.3	−0.120%	$19K	$5K	5x	as long as short
MEXC XAU_USDT	+0.0092%	4h	4,348.5	−0.117%	$372.1M	$317.0M	1000x	as long as short
Binance XAUUSDT	+0.0094%	4h	4,349.1	−0.103%	$414.4M	$2.09B	100x	as long as short
Pacifica XAU	+0.0100%	1h	4,345.3	−0.190%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,345.6	−0.183%	$275K	$203K	50x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,347.6	−0.138%	$161K	$87	10x	as long as short
edgeX XAUUSDC	+0.0105%	4h	4,345	−0.196%	$30.2M	$58.2M	50x	as long as short
Phoenix GOLD	+0.0142%	1h	4,346.8	−0.155%	$47K	$77K	25x	as long as short
Polymarket Perps GOLD-USD	+0.0158%	1h	4,348	−0.127%	$4.3M	$1.9M	20x	as long as short
Kraken Futures PF_XAUUSD	+0.0194%	1h	4,345.3	−0.188%	$593K	$133K	25x	as long as short
Phemex XAUUSDT	+0.0209%	4h	4,351.5	−0.048%	$2.2M	$967K	100x	as long as short
Bullet GOLD-USD	+0.0209%	1h	4,348.6	−0.113%	$60K	$82K	10x	as long as short
Bitget XAUUSDT	+0.0232%	4h	4,349.4	−0.095%	$70.0M	$109.2M	100x	as long as short
Bybit XAUUSDTshort	+0.0238%	4h	4,350.4	−0.072%	$85.0M	$144.8M	150x
Deribit GOLD_USDC-PERPETUAL	+0.0256%	1h	4,346.6	−0.160%	$243K	$788K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0283%	8h	4,350.3	−0.075%	$165.6M	$281.8M	100x	as long as short
BloFin XAU-USDT	+0.0343%	4h	4,348.5	−0.116%	$15.6M	$4.5M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0413% / S −0.0229%	1h	4,348.1	−0.125%	$248K	—	111x	as long as short
Bluefin GOLD-PERP	+0.0551%	1h	4,342.6	−0.253%	$25K	$14K	20x	as long as short
HTX XAU-USDTlong	+0.0629%	4h	4,353.6	long leg	$2.9M	$4.3M	75x