XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0110%/8h= −12.0% APRnext payment −$0.55 per $10,000 · paid last 24h −0.036%

Price spread now: SunX against MEXC+0.074%7-day average +0.100% · you sell dearer than you buy

Net, funding: paid 7d − costs−$79as in the Funding arb table

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$610.611% of the position

Long on MEXC Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.181%−$18 on $10k

Price spread, last 4 days (all we have)+0.062%+$6 · spread now +0.074%, 7d avg +0.100%

Together, before fees−0.120%−$12 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and SunX is 0.026% cheaper against MEXC than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.100%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC XAU_USDT	4,335	0.0110	pay 0.0055% / 4h	2h 07m	$364.1M	$331.0M	1000x
Short	SunX XAU-USDT	4,338.2	0	get 0.0000% / 4h	2h 07m	$92K	$8.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against MEXC. 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 MEXCbpFee SunXbpOrdersPrice spread, now +0.074%Rate

Funding earned: −$23.1
Price spread: +0.074% → +0.100%: −$2.63
Slippage, 4 orders: −$49.08
Fee MEXC: 2 bp × 2 orders: −$4
Fee SunX: 4 bp × 2 orders: −$8
Net: −$86.81
Costs to cover: 0.611%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; SunX: live order book, 11 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 MEXC live order book, 1 min ago	0.04 bp	2.0 bp −$2	2.0 bp −$20	3.8 bp −$380	24.1 bp −$12.0K
Sell SunX live order book, 11 min ago	23.52 bp	29.5 bp −$29	47.0 bp −$470	doesn't fit	doesn't fit

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	−0.0054%	1h	4,327.4	−0.174%	$25K	$14K	20x	as long as short
SunX XAU-USDTshort	0.0000%	4h	4,338.2	+0.074%	$92K	$8.1M	20x
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,330.6	−0.101%	$271K	—	250x	as long as short
Bybit XAUUSDT	+0.0006%	4h	4,335.6	+0.015%	$78.5M	$156.4M	150x	as long as short
Extended XAU-USD	+0.0032%	1h	4,330.9	−0.094%	$13.1M	$36.7M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.357%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,333.7	−0.029%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0044%	1h	4,332.7	−0.052%	$5.5M	$2.1M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,366.9	+0.737%	—	$1.0M	25x	as long as short
Lighter XAU	+0.0048%	1h	4,333	−0.045%	$20.4M	$31.8M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:GOLD	+0.0050%	1h	4,330.6	−0.100%	$292.0M	$51.6M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,330.3	−0.107%	$15.0M	$56.5M	25x	as long as short
RISEx XAU/USDC	+0.0054%	1h	4,335.4	+0.011%	$3.8M	$12.5M	25x	as long as short
Gate XAU_USDT	+0.0062%	4h	4,335.5	+0.012%	$273.0M	$417.6M	100x	as long as short
Kalshi KXGOLDPERP	+0.0064%	24h	4,334.6	−0.008%	$4.0M	$42.2M	15x	as long as short
Paradex XAU-USD-PERP	+0.0072%	8h	4,334.2	−0.016%	$19K	$5K	5x	as long as short
Lighter RH XAU	+0.0072%	1h	4,335.4	+0.009%	$19.9M	$39.0M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,330	−0.114%	$2.0M	$4.8M	25x	as long as short
Hotstuff GOLD-PERP	+0.0088%	1h	4,330.3	−0.107%	$32K	—	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0096%	1h	4,332.1	−0.066%	$195K	$826K	25x	as long as short
Aster XAUUSD1	+0.0097%	4h	4,336.1	+0.025%	$72.3M	$330.1M	20x	as long as short
Pacifica XAU	+0.0100%	1h	4,330.6	−0.101%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,330	−0.114%	$273K	$208K	50x	as long as short
Variational Omni XAU	+0.0101%	4h	4,331.5	−0.080%	$46.8M	$28.6M	—	as long as short
GRVT XAU_USDT_Perp	+0.0104%	4h	4,333.5	−0.035%	$1.4M	$3.0M	25x	as long as short
MEXC XAU_USDTlong	+0.0110%	4h	4,335	long leg	$364.1M	$331.0M	1000x
Binance XAUUSDT	+0.0111%	4h	4,335.2	+0.006%	$414.9M	$2.12B	100x	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,333.1	−0.042%	$160K	$87	10x	as long as short
edgeX XAUUSDC	+0.0126%	4h	4,327.8	−0.165%	$30.1M	$60.3M	50x	as long as short
Phoenix GOLD	+0.0127%	1h	4,326.6	−0.193%	$47K	$77K	25x	as long as short
Bullet GOLD-USD	+0.0160%	1h	4,334.3	−0.016%	$58K	$82K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0176%	1h	4,334.4	−0.013%	$4.2M	$2.0M	20x	as long as short
HTX XAU-USDT	+0.0230%	4h	4,336.6	+0.037%	$2.8M	$5.0M	75x	as long as short
Kraken Futures PF_XAUUSD	+0.0247%	1h	4,330.8	−0.096%	$590K	$130K	25x	as long as short
Bitget XAUUSDT	+0.0252%	4h	4,334.5	−0.009%	$68.1M	$118.9M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0330%	8h	4,334.7	−0.006%	$170.6M	$297.0M	100x	as long as short
BloFin XAU-USDT	+0.0357%	4h	4,333.3	−0.037%	$16.0M	$4.5M	100x	as long as short
Phemex XAUUSDT	+0.0376%	4h	4,335.2	+0.005%	$2.2M	$962K	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0460% / S −0.0303%	1h	4,334.2	−0.018%	$253K	—	111x	as long as short