Funding you earn now, next payment 11:00 UTC−0.0100%/8h= −11.0% APRpaid last 24h −0.035%
Price spread now: Phoenix against OKX−0.132%116s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.047%+$5 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Phoenix is 0.132% cheaper against OKX than usual: you would sell low and buy high (−$13 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 116 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 | OKX XAU-USDT-SWAP | 4,321.5 | 0.0224 | pay 0.0224% / 8h | 4h 43m | $171.2M | $365.8M | 100x |
| Short | Phoenix GOLD | 4,315.8 | 0.0124 | get 0.0015% / 1h | 43m 34s | $43K | $71K | 25x |
OKX XAU-USDT-SWAP
Phoenix GOLDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against OKX. 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
- −$21.01
- Price spread: −0.132% → 0.000%
- −$13.19
- Slippage, 4 orders
- no order book: not counted
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$51.2
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: OKX: live order book, 4 min ago; 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 OKX live order book, 4 min ago | 0.12 bp | 5.1 bp −$5 | 5.2 bp −$52 | 7.1 bp −$713 | 16.9 bp −$8,426 |
| Sell Phoenix no order-book sample | — | — | — | — | — |
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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International GOLD-PERP-INTX | −0.0032% | 1h | 4,315.5 | −0.139% | $2.1M | $5.1M | 25x | as long as short |
| SunX XAU-USDT | 0.0000% | 4h | 4,323.8 | +0.054% | $92K | $5.5M | 20x | as long as short |
| gTrade (Gains Network) XAU/USD | L +0.0002% / S −0.0003% | 1h | 4,316.2 | −0.122% | $308K | — | 250x | as long as short |
| Hotstuff GOLD-PERP | +0.0024% | 1h | 4,319.6 | −0.044% | $35K | $3K | 25x | as long as short |
| Injective XAU/USDC PERP | +0.0033% | 1h | 4,350.4 | +0.669% | $619 | $54 | 52x | as long as short |
| Aster XAUUSD1 | +0.0038% | 4h | 4,321.5 | 0.000% | $71.1M | $277.6M | 20x | as long as short |
| StandX XAU-USD | +0.0040% | 1h | 4,318.1 | −0.079% | $3.8M | $4.6M | 40x | as long as short |
| QFEX GOLD-USD | +0.0042% | 1h | 4,318.1 | −0.079% | $6.6M | $3.3M | 20x | as long as short |
| Vest GC-PERP | +0.0046% | 1h | 4,352.4 | +0.715% | — | $1.0M | 25x | as long as short |
| Ondo Perps XAU-USD.P | +0.0050% | 1h | 4,316.5 | −0.116% | $15.2M | $59.1M | 25x | as long as short |
Coinbase International GOLD-PERP-INTX
SunX XAU-USDT
gTrade (Gains Network) XAU/USD
Hotstuff GOLD-PERP
Injective XAU/USDC PERP
Aster XAUUSD1
StandX XAU-USD
QFEX GOLD-USD
Vest GC-PERP
Ondo Perps XAU-USD.PShow all 39 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:GOLD | +0.0055% | 1h | 4,317.3 | −0.097% | $291.8M | $46.1M | 25x | as long as short |
| Paradex XAU-USD-PERP | +0.0057% | 8h | 4,319.6 | −0.044% | $2K | $13K | 5x | as long as short |
| RISEx XAU/USDC | +0.0062% | 1h | 4,320.3 | −0.027% | $4.7M | $13.4M | 25x | as long as short |
| Variational Omni XAU | +0.0067% | 4h | 4,315.6 | −0.136% | $47.1M | $27.9M | — | as long as short |
| Lighter XAU | +0.0072% | 1h | 4,319.7 | −0.041% | $20.0M | $30.4M | 25x | as long as short |
| MEXC XAU_USDT | +0.0078% | 4h | 4,320.6 | −0.021% | $351.1M | $354.3M | 1000x | as long as short |
| Binance XAUUSDT | +0.0080% | 4h | 4,320.1 | −0.031% | $443.2M | $2.45B | 100x | as long as short |
| edgeX XAUUSDC | +0.0082% | 4h | 4,313.3 | −0.189% | $30.2M | $67.2M | 50x | as long as short |
| Gate XAU_USDT | +0.0084% | 4h | 4,322.5 | +0.023% | $304.3M | $437.2M | 100x | as long as short |
| GRVT XAU_USDT_Perp | +0.0090% | 4h | 4,320.1 | −0.033% | $1.4M | $3.1M | 25x | as long as short |
| Pacifica XAU | +0.0100% | 1h | 4,317.2 | −0.100% | $1.4M | $1.5M | 10x | as long as short |
| ApeX Omni XAUUSDT | +0.0100% | 1h | 4,317.2 | −0.099% | $286K | $228K | 50x | as long as short |
| Bluefin GOLD-PERP | +0.0100% | 1h | 4,313.4 | −0.187% | $25K | $1K | 20x | as long as short |
| Aevo XAU-PERP | +0.0104% | 1h | 4,317.6 | −0.090% | $160K | $87 | 10x | as long as short |
| Phoenix GOLDshort | +0.0124% | 1h | 4,315.8 | −0.132% | $43K | $71K | 25x | |
| Lighter RH XAU | +0.0128% | 1h | 4,322 | +0.012% | $19.5M | $39.4M | 25x | as long as short |
| Kalshi KXGOLDPERP | +0.0147% | 24h | 4,320.6 | −0.021% | $3.5M | $52.0M | 15x | as long as short |
| Bybit XAUUSDT | +0.0170% | 4h | 4,321.8 | +0.007% | $85.3M | $168.7M | 150x | as long as short |
| Phemex XAUUSDT | +0.0196% | 4h | 4,320.2 | −0.029% | $2.2M | $733K | 100x | as long as short |
| Kraken Futures PF_XAUUSD | +0.0198% | 1h | 4,317.5 | −0.094% | $581K | $166K | 25x | as long as short |
| Bitget XAUUSDT | +0.0202% | 4h | 4,320.8 | −0.016% | $73.1M | $142.0M | 100x | as long as short |
| Extended XAU-USD | +0.0208% | 1h | 4,316.3 | −0.120% | $12.6M | $34.4M | 25x | as long as short |
| Deribit GOLD_USDC-PERPETUAL | +0.0213% | 1h | 4,318.4 | −0.072% | $135K | $661K | 25x | as long as short |
| Bullet GOLD-USD | +0.0220% | 1h | 4,320.2 | −0.031% | $59K | $77K | 10x | as long as short |
| Polymarket Perps GOLD-USD | +0.0220% | 1h | 4,319.7 | −0.042% | $4.3M | $1.7M | 20x | as long as short |
| OKX XAU-USDT-SWAPlong | +0.0224% | 8h | 4,321.5 | long leg | $171.2M | $365.8M | 100x | |
| BloFin XAU-USDT | +0.0319% | 4h | 4,319.2 | −0.054% | $16.5M | $5.3M | 100x | as long as short |
| GMX GOLD/USD [ETH-USDC] | L +0.0424% / S −0.0257% | 1h | 4,320.2 | −0.029% | $252K | — | 111x | as long as short |
| HTX XAU-USDT | +0.1017% | 4h | 4,326.3 | +0.111% | $3.2M | $7.1M | 75x | as long as short |
tradeXYZ xyz:GOLD
Paradex XAU-USD-PERP
RISEx XAU/USDC
Variational Omni XAU
Lighter XAU
MEXC XAU_USDT
Binance XAUUSDT
edgeX XAUUSDC
Gate XAU_USDT
GRVT XAU_USDT_Perp
Pacifica XAU
ApeX Omni XAUUSDT
Bluefin GOLD-PERP
Aevo XAU-PERP
Lighter RH XAU
Kalshi KXGOLDPERP
Bybit XAUUSDT
Phemex XAUUSDT
Kraken Futures PF_XAUUSD
Bitget XAUUSDT
Extended XAU-USD
Deribit GOLD_USDC-PERPETUAL
Bullet GOLD-USD
Polymarket Perps GOLD-USD
BloFin XAU-USDT
GMX GOLD/USD [ETH-USDC]
HTX XAU-USDT