Funding you earn now, next payment 08:00 UTC−0.0343%/8h= −37.5% APRnext payment −$1.71 per $10,000 · paid last 24h −0.119%
Price spread now: edgeX against Phemex−0.160%7-day average −0.191% · you buy dearer than you sell
Net, funding: paid 7d − costs−$83as in the Funding arb table
Net, price: spread back to 7d avg − costs−$58as in the Price arb table
costs, in and out, $10k−$610.613% of the position
Funding, last 7 days−0.217%−$22 on $10k
+Price spread, last 4 days (all we have)−0.124%−$12 · spread now −0.160%, 7d avg −0.191%
=Together, before fees−0.341%+ Points / potential airdropedgeX: Active · farm board−$34 on $10k · with fees, hour by hour
The price spread pays, funding is against you. edgeX is 0.031% dearer against Phemex than usual: you sell high and buy low (spread −0.160% now, against its 7-day average of −0.191%): +$3 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 7 hours. At the pace of the last 7 days (−0.217% in total) that is about 24 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.217% in total (about -11.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.71 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 | Phemex XAUUSDT | 4,311.1 | 0.0472 | pay 0.0236% / 4h | 5m 43s | $2.2M | $949K | 100x |
| Short | edgeX XAUUSDC | 4,304.2 | 0.0130 | get 0.0065% / 4h | 5m 43s | $29.9M | $60.3M | 50x |
Phemex XAUUSDT
edgeX XAUUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against Phemex. 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
- −$71.93
- Price spread: −0.160% → −0.191%
- $3.13
- Slippage, 4 orders
- −$40.27
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$130.07
- Costs to cover
- 0.613%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 3 min ago; edgeX: 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 Phemex live order book, 3 min ago | 0.96 bp | 22.2 bp −$22 | doesn't fit | doesn't fit | doesn't fit |
| Sell edgeX live order book, 3 min ago | 0.46 bp | 5.0 bp −$5 | 5.0 bp −$50 | 8.3 bp −$827 | 38.2 bp −$19.1K |
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 | 4,311.1 | 0.000% | $92K | $7.0M | 20x | as long as short |
| gTrade (Gains Network) XAU/USD | L +0.0002% / S −0.0003% | 1h | 4,302.8 | −0.193% | $268K | — | 250x | as long as short |
| Injective XAU/USDC PERP | +0.0033% | 1h | 4,350.4 | +0.913% | $619 | $54 | 52x | as long as short |
| QFEX GOLD-USD | +0.0045% | 1h | 4,305.2 | −0.136% | $6.3M | $3.1M | 20x | as long as short |
| Vest GC-PERP | +0.0046% | 1h | 4,339.2 | +0.653% | — | $1.0M | 25x | as long as short |
| tradeXYZ xyz:GOLD | +0.0050% | 1h | 4,302.3 | −0.203% | $289.7M | $52.8M | 25x | as long as short |
| Ondo Perps XAU-USD.P | +0.0050% | 1h | 4,303.5 | −0.177% | $15.0M | $55.3M | 25x | as long as short |
| Hotstuff GOLD-PERP | +0.0056% | 1h | 4,302.6 | −0.196% | $32K | — | 25x | as long as short |
| Aster XAUUSD1 | +0.0057% | 4h | 4,307.3 | −0.089% | $72.8M | $271.9M | 20x | as long as short |
| Paradex XAU-USD-PERP | +0.0062% | 8h | 4,305.5 | −0.128% | $2K | $14K | 5x | as long as short |
SunX XAU-USDT
gTrade (Gains Network) XAU/USD
Injective XAU/USDC PERP
QFEX GOLD-USD
Vest GC-PERP
tradeXYZ xyz:GOLD
Ondo Perps XAU-USD.P
Hotstuff GOLD-PERP
Aster XAUUSD1
Paradex XAU-USD-PERPShow all 39 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bluefin GOLD-PERP | +0.0070% | 1h | 4,302.4 | −0.202% | $25K | $1K | 20x | as long as short |
| Bybit XAUUSDT | +0.0071% | 4h | 4,307 | −0.094% | $77.2M | $155.5M | 150x | as long as short |
| Lighter XAU | +0.0072% | 1h | 4,305 | −0.141% | $20.2M | $30.2M | 25x | as long as short |
| Coinbase International GOLD-PERP-INTX | +0.0072% | 1h | 4,303.5 | −0.176% | $2.0M | $5.1M | 25x | as long as short |
| Phoenix GOLD | +0.0096% | 1h | 4,313.9 | +0.066% | $42K | $79K | 25x | as long as short |
| Kalshi KXGOLDPERP | +0.0100% | 24h | 4,309.2 | −0.043% | $3.7M | $45.4M | 15x | as long as short |
| Pacifica XAU | +0.0100% | 1h | 4,303.3 | −0.180% | $1.4M | $1.2M | 10x | as long as short |
| ApeX Omni XAUUSDT | +0.0100% | 1h | 4,313.5 | +0.057% | $272K | $209K | 50x | as long as short |
| Variational Omni XAU | +0.0101% | 4h | 4,306.5 | −0.105% | $46.7M | $29.3M | — | as long as short |
| Lighter RH XAU | +0.0104% | 1h | 4,307.7 | −0.078% | $19.9M | $40.3M | 25x | as long as short |
| Extended XAU-USD | +0.0104% | 1h | 4,302.2 | −0.206% | $13.2M | $36.6M | 25x | as long as short |
| MEXC XAU_USDT | +0.0110% | 4h | 4,306.6 | −0.104% | $365.8M | $341.4M | 1000x | as long as short |
| Binance XAUUSDT | +0.0111% | 4h | 4,306.1 | −0.115% | $428.9M | $2.16B | 100x | as long as short |
| GRVT XAU_USDT_Perp | +0.0112% | 4h | 4,316.1 | +0.116% | $1.4M | $3.0M | 25x | as long as short |
| Aevo XAU-PERP | +0.0112% | 1h | 4,306.4 | −0.109% | $159K | $87 | 10x | as long as short |
| Gate XAU_USDT | +0.0116% | 4h | 4,308.7 | −0.055% | $284.9M | $431.1M | 100x | as long as short |
| edgeX XAUUSDCshort | +0.0130% | 4h | 4,304.2 | −0.160% | $29.9M | $60.3M | 50x | |
| StandX XAU-USD | +0.0130% | 1h | 4,310.3 | −0.018% | $3.8M | $4.5M | 40x | as long as short |
| Bitget XAUUSDT | +0.0190% | 4h | 4,306.5 | −0.106% | $70.4M | $121.5M | 100x | as long as short |
| Bullet GOLD-USD | +0.0199% | 1h | 4,306.8 | −0.099% | $59K | $81K | 10x | as long as short |
| Polymarket Perps GOLD-USD | +0.0222% | 1h | 4,307 | −0.094% | $4.3M | $1.8M | 20x | as long as short |
| Kraken Futures PF_XAUUSD | +0.0229% | 1h | 4,304.3 | −0.157% | $573K | $138K | 25x | as long as short |
| OKX XAU-USDT-SWAP | +0.0263% | 8h | 4,306 | −0.118% | $175.1M | $306.1M | 100x | as long as short |
| Deribit GOLD_USDC-PERPETUAL | +0.0308% | 1h | 4,305.5 | −0.129% | $136K | $865K | 25x | as long as short |
| BloFin XAU-USDT | +0.0371% | 4h | 4,308.4 | −0.062% | $16.5M | $5.0M | 100x | as long as short |
| GMX GOLD/USD [ETH-USDC] | L +0.0464% / S −0.0311% | 1h | 4,306.9 | −0.096% | $253K | — | 111x | as long as short |
| Phemex XAUUSDTlong | +0.0472% | 4h | 4,311.1 | long leg | $2.2M | $949K | 100x | |
| HTX XAU-USDT | +0.0542% | 4h | 4,314.1 | +0.070% | $3.2M | $6.1M | 75x | as long as short |
| RISEx XAU/USDC | +0.0643% | 1h | 4,306.7 | −0.101% | $4.5M | $13.1M | 25x | as long as short |
Bluefin GOLD-PERP
Bybit XAUUSDT
Lighter XAU
Coinbase International GOLD-PERP-INTX
Phoenix GOLD
Kalshi KXGOLDPERP
Pacifica XAU
ApeX Omni XAUUSDT
Variational Omni XAU
Lighter RH XAU
Extended XAU-USD
MEXC XAU_USDT
Binance XAUUSDT
GRVT XAU_USDT_Perp
Aevo XAU-PERP
Gate XAU_USDT
StandX XAU-USD
Bitget XAUUSDT
Bullet GOLD-USD
Polymarket Perps GOLD-USD
Kraken Futures PF_XAUUSD
OKX XAU-USDT-SWAP
Deribit GOLD_USDC-PERPETUAL
BloFin XAU-USDT
GMX GOLD/USD [ETH-USDC]
HTX XAU-USDT
RISEx XAU/USDC