XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0521%/8h= −57.1% APRnext payment −$2.61 per $10,000 · paid last 24h −0.041%

Price spread now: Gate against HTX−0.046%7-day average −0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$340.341% of the position

Long on HTX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.098%−$10 on $10k

Price spread, last 3 days (all we have)+0.021%+$2 · spread now −0.046%, 7d avg −0.021%

Together, before fees−0.077%−$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Gate is 0.025% cheaper against HTX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.021%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.098% in total (about -5.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.61 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	4,379.2	0.0521	pay 0.0261% / 4h	3h 50m	$2.9M	$3.8M	75x
Short	Gate XAU_USDT	4,377.2	0	get 0.0000% / 4h	3h 50m	$266.8M	$408.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.046%Rate

Funding earned: −$109.42
Price spread: −0.046% → −0.021%: −$2.51
Slippage, 4 orders: −$7.14
Fee HTX: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$146.07
Costs to cover: 0.341%
Break-even: never at this rate

Slippage from HTX: live order book, 3 min ago; Gate: live order book, 3 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, 3 min ago	0.01 bp	9.3 bp −$9	11.7 bp −$117	15.8 bp −$1,578	doesn't fit
Sell Gate live order book, 3 min ago	0.01 bp	7.8 bp −$8	9.4 bp −$94	14.8 bp −$1,484	17.5 bp −$8,738

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
Hotstuff GOLD-PERP	−0.0032%	1h	4,372.8	−0.147%	$33K	—	25x	as long as short
Bluefin GOLD-PERP	−0.0019%	1h	4,367.9	−0.259%	$26K	$22K	20x	as long as short
Aster XAUUSD1	0.0000%	4h	4,375.7	−0.081%	$72.0M	$211.0M	20x	as long as short
Binance XAUUSDT	0.0000%	4h	4,375.8	−0.079%	$410.2M	$2.15B	100x	as long as short
Gate XAU_USDTshort	0.0000%	4h	4,377.2	−0.046%	$266.8M	$408.5M	100x
MEXC XAU_USDT	0.0000%	4h	4,376	−0.074%	$374.1M	$321.0M	1000x	as long as short
Bitget XAUUSDT	0.0000%	4h	4,376.5	−0.063%	$69.8M	$114.4M	100x	as long as short
Variational Omni XAU	0.0000%	4h	4,374.3	−0.111%	$48.7M	$27.9M	—	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,373.1	−0.140%	$4.0M	$36.6M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,379.3	+0.001%	$93K	$10.4M	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,371.2	−0.183%	$268K	—	250x	as long as short
edgeX XAUUSDC	+0.0007%	4h	4,369.8	−0.215%	$30.4M	$60.0M	50x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.658%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,376.1	−0.071%	$3.8M	$4.7M	40x	as long as short
QFEX GOLD-USD	+0.0045%	1h	4,375.1	−0.094%	$5.6M	$1.9M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,409.6	+0.694%	—	$1.0M	25x	as long as short
RISEx XAU/USDC	+0.0048%	1h	4,376.4	−0.064%	$3.4M	$12.3M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,372.9	−0.144%	$294.8M	$52.4M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,371.5	−0.175%	$14.7M	$57.2M	25x	as long as short
Phoenix GOLD	+0.0055%	1h	4,373.6	−0.128%	$48K	$64K	25x	as long as short
Paradex XAU-USD-PERP	+0.0067%	8h	4,376.3	−0.067%	$19K	$5K	5x	as long as short
Lighter XAU	+0.0072%	1h	4,375.5	−0.085%	$20.8M	$43.3M	25x	as long as short
Lighter RH XAU	+0.0072%	1h	4,377.9	−0.030%	$20.3M	$40.8M	25x	as long as short
Aevo XAU-PERP	+0.0080%	1h	4,373.2	−0.138%	$162K	$87	10x	as long as short
Polymarket Perps GOLD-USD	+0.0096%	1h	4,373.5	−0.131%	$4.3M	$1.8M	20x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0096%	1h	4,371.1	−0.185%	$2.0M	$5.1M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,372.8	−0.147%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,372.7	−0.149%	$277K	$204K	50x	as long as short
Extended XAU-USD	+0.0104%	1h	4,372	−0.164%	$13.3M	$44.1M	25x	as long as short
Bybit XAUUSDT	+0.0110%	4h	4,376.9	−0.053%	$83.1M	$144.3M	150x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0116%	1h	4,373.4	−0.133%	$236K	$655K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0167%	8h	4,377.3	−0.044%	$160.8M	$280.5M	100x	as long as short
Bullet GOLD-USD	+0.0194%	1h	4,375.2	−0.092%	$59K	$82K	10x	as long as short
Kraken Futures PF_XAUUSD	+0.0225%	1h	4,372.3	−0.158%	$596K	$154K	25x	as long as short
GRVT XAU_USDT_Perp	+0.0234%	4h	4,375.8	−0.078%	$1.4M	$3.1M	25x	as long as short
BloFin XAU-USDT	+0.0240%	4h	4,375.2	−0.091%	$14.8M	$4.6M	100x	as long as short
Phemex XAUUSDT	+0.0308%	4h	4,377	−0.050%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0390% / S −0.0197%	1h	4,375.2	−0.091%	$252K	—	111x	as long as short
HTX XAU-USDTlong	+0.0521%	4h	4,379.2	long leg	$2.9M	$3.8M	75x