Funding you earn now, next payment 12:00 UTC−0.0865%/8h= −94.8% APRpaid last 24h −0.049%
Price spread now: OKX against HTX−0.164%54s7-day average −0.035% · you buy dearer than you sell
Net, funding: paid 7d − costs−$26as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$270.270% of the position
Funding, last 7 days+0.009%+$1 on $10k
+Price spread, last 4 days (all we have)+0.015%+$2 · spread now −0.164%, 7d avg −0.035%
=Both sides work against this trade now: funding costs −$26 a day on $10k at the current rate, and OKX is 0.129% cheaper against HTX than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of −0.035%). Swap the legs. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.009% in total (about 0.5% a year). A funding rate is set anew for every payment. 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 | 4,330.9 | 0.1110 | pay 0.0555% / 4h | 2h 54m | $3.2M | $7.0M | 75x |
| Short | OKX XAU-USDT-SWAP | 4,323.8 | 0.0244 | get 0.0244% / 8h | 6h 54m | $170.6M | $356.2M | 100x |
HTX XAU-USDT
OKX XAU-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against HTX. 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
- −$181.74
- Price spread: −0.164% → −0.035%
- −$12.89
- Slippage, 4 orders
- −$4.96
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$221.6
- Costs to cover
- 0.270%
- Break-even
- never at this rate
Slippage from HTX: live order book, 5 min ago; OKX: 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 | 7.4 bp −$7 | 10.5 bp −$105 | 23.4 bp −$2,344 | doesn't fit |
| Sell OKX live order book, 5 min ago | 0.12 bp | 5.1 bp −$5 | 5.2 bp −$52 | 7.2 bp −$716 | 16.5 bp −$8,241 |
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 | |
|---|---|---|---|---|---|---|---|---|
| SunX XAU-USDT | 0.0000% | 4h | 4,328.8 | −0.049% | $92K | $6.5M | 20x | as long as short |
| gTrade (Gains Network) XAU/USD | L +0.0002% / S −0.0003% | 1h | 4,330.7 | −0.006% | $275K | — | 250x | as long as short |
| Coinbase International GOLD-PERP-INTX | +0.0024% | 1h | 4,325.1 | −0.134% | $2.0M | $5.2M | 25x | as long as short |
| Injective XAU/USDC PERP | +0.0033% | 1h | 4,350.4 | +0.450% | $619 | $54 | 52x | as long as short |
| QFEX GOLD-USD | +0.0038% | 1h | 4,321.5 | −0.217% | $6.6M | $3.0M | 20x | as long as short |
| StandX XAU-USD | +0.0040% | 1h | 4,328.5 | −0.056% | $3.8M | $4.5M | 40x | as long as short |
| Vest GC-PERP | +0.0046% | 1h | 4,355.4 | +0.565% | — | $1.0M | 25x | as long as short |
| tradeXYZ xyz:GOLD | +0.0050% | 1h | 4,319.9 | −0.254% | $291.8M | $54.8M | 25x | as long as short |
| Ondo Perps XAU-USD.P | +0.0050% | 1h | 4,318.2 | −0.293% | $15.1M | $57.4M | 25x | as long as short |
| RISEx XAU/USDC | +0.0056% | 1h | 4,323.3 | −0.176% | $4.6M | $13.5M | 25x | as long as short |
SunX XAU-USDT
gTrade (Gains Network) XAU/USD
Coinbase International GOLD-PERP-INTX
Injective XAU/USDC PERP
QFEX GOLD-USD
StandX XAU-USD
Vest GC-PERP
tradeXYZ xyz:GOLD
Ondo Perps XAU-USD.P
RISEx XAU/USDCShow all 39 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex XAU-USD-PERP | +0.0058% | 8h | 4,321.6 | −0.215% | $2K | $13K | 5x | as long as short |
| Aster XAUUSD1 | +0.0059% | 4h | 4,324.2 | −0.156% | $74.3M | $273.2M | 20x | as long as short |
| Hotstuff GOLD-PERP | +0.0080% | 1h | 4,319.7 | −0.259% | $32K | — | 25x | as long as short |
| Extended XAU-USD | +0.0088% | 1h | 4,318.3 | −0.291% | $12.7M | $35.7M | 25x | as long as short |
| Variational Omni XAU | +0.0094% | 4h | 4,326.7 | −0.098% | $47.1M | $29.9M | — | as long as short |
| Phoenix GOLD | +0.0095% | 1h | 4,328.1 | −0.065% | $43K | $72K | 25x | as long as short |
| Lighter RH XAU | +0.0096% | 1h | 4,323.9 | −0.163% | $19.9M | $38.6M | 25x | as long as short |
| Pacifica XAU | +0.0100% | 1h | 4,319.1 | −0.273% | $1.4M | $1.3M | 10x | as long as short |
| ApeX Omni XAUUSDT | +0.0100% | 1h | 4,327.6 | −0.077% | $284K | $232K | 50x | as long as short |
| Lighter XAU | +0.0104% | 1h | 4,321.5 | −0.217% | $20.1M | $29.4M | 25x | as long as short |
| Gate XAU_USDT | +0.0106% | 4h | 4,325 | −0.138% | $302.2M | $430.2M | 100x | as long as short |
| Aevo XAU-PERP | +0.0112% | 1h | 4,323.5 | −0.171% | $160K | $87 | 10x | as long as short |
| MEXC XAU_USDT | +0.0114% | 4h | 4,323.3 | −0.175% | $352.0M | $348.6M | 1000x | as long as short |
| Binance XAUUSDT | +0.0116% | 4h | 4,323.2 | −0.178% | $435.2M | $2.36B | 100x | as long as short |
| Polymarket Perps GOLD-USD | +0.0119% | 1h | 4,322.6 | −0.192% | $4.3M | $1.7M | 20x | as long as short |
| Kalshi KXGOLDPERP | +0.0121% | 24h | 4,326.4 | −0.104% | $3.5M | $48.6M | 15x | as long as short |
| edgeX XAUUSDC | +0.0123% | 4h | 4,325.6 | −0.123% | $30.2M | $65.1M | 50x | as long as short |
| GRVT XAU_USDT_Perp | +0.0130% | 4h | 4,329.2 | −0.039% | $1.4M | $3.0M | 25x | as long as short |
| Bybit XAUUSDT | +0.0145% | 4h | 4,324.3 | −0.153% | $81.5M | $170.3M | 150x | as long as short |
| Deribit GOLD_USDC-PERPETUAL | +0.0167% | 1h | 4,321.9 | −0.208% | $134K | $783K | 25x | as long as short |
| Bullet GOLD-USD | +0.0190% | 1h | 4,322.9 | −0.186% | $58K | $77K | 10x | as long as short |
| Bitget XAUUSDT | +0.0196% | 4h | 4,323 | −0.183% | $71.5M | $133.0M | 100x | as long as short |
| OKX XAU-USDT-SWAPshort | +0.0244% | 8h | 4,323.8 | −0.164% | $170.6M | $356.2M | 100x | |
| BloFin XAU-USDT | +0.0356% | 4h | 4,325 | −0.136% | $16.2M | $5.5M | 100x | as long as short |
| Kraken Futures PF_XAUUSD | +0.0412% | 1h | 4,321.6 | −0.215% | $582K | $150K | 25x | as long as short |
| Phemex XAUUSDT | +0.0427% | 4h | 4,327 | −0.091% | $2.2M | $961K | 100x | as long as short |
| GMX GOLD/USD [ETH-USDC] | L +0.0460% / S −0.0306% | 1h | 4,324.8 | −0.142% | $252K | — | 111x | as long as short |
| HTX XAU-USDTlong | +0.1110% | 4h | 4,330.9 | long leg | $3.2M | $7.0M | 75x | |
| Bluefin GOLD-PERP | +0.3386% | 1h | 4,316.7 | −0.329% | $25K | $1K | 20x | as long as short |
Paradex XAU-USD-PERP
Aster XAUUSD1
Hotstuff GOLD-PERP
Extended XAU-USD
Variational Omni XAU
Phoenix GOLD
Lighter RH XAU
Pacifica XAU
ApeX Omni XAUUSDT
Lighter XAU
Gate XAU_USDT
Aevo XAU-PERP
MEXC XAU_USDT
Binance XAUUSDT
Polymarket Perps GOLD-USD
Kalshi KXGOLDPERP
edgeX XAUUSDC
GRVT XAU_USDT_Perp
Bybit XAUUSDT
Deribit GOLD_USDC-PERPETUAL
Bullet GOLD-USD
Bitget XAUUSDT
BloFin XAU-USDT
Kraken Futures PF_XAUUSD
Phemex XAUUSDT
GMX GOLD/USD [ETH-USDC]
Bluefin GOLD-PERP