XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0320%/8h= −35.0% APRnext payment −$1.60 per $10,000 · paid last 24h −0.144%

Price spread now: Gate against Phemex−0.078%7-day average −0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs−$100as in the Funding arb table

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

costs, in and out, $10k−$640.641% of the position

Long on Phemex Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.360%−$36 on $10k

Price spread, last 4 days (all we have)+0.039%+$4 · spread now −0.078%, 7d avg −0.005%

Together, before fees−0.321%−$32 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Gate is 0.073% cheaper against Phemex than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.005%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex XAUUSDT	4,326.8	0.0400	pay 0.0200% / 4h	1h 51m	$2.2M	$961K	100x
Short	Gate XAU_USDT	4,323.4	0.0080	get 0.0040% / 4h	1h 51m	$276.2M	$406.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Phemex. 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 PhemexbpFee GatebpOrdersPrice spread, now −0.078%Rate

Funding earned: −$67.13
Price spread: −0.078% → −0.005%: −$7.32
Slippage, 4 orders: −$37.1
Fee Phemex: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$138.55
Costs to cover: 0.641%
Break-even: never at this rate

Slippage from Phemex: live order book, 2 min ago; Gate: live order book, 2 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, 2 min ago	1.29 bp	25.5 bp −$25	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	0.01 bp	7.5 bp −$8	8.7 bp −$87	13.7 bp −$1,365	17.3 bp −$8,631

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	−0.0032%	1h	4,316.5	−0.237%	$25K	$14K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,326.9	+0.002%	$92K	$8.0M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,318.4	−0.194%	$270K	—	250x	as long as short
Bybit XAUUSDT	+0.0006%	4h	4,321.1	−0.132%	$77.4M	$157.4M	150x	as long as short
Extended XAU-USD	+0.0032%	1h	4,318	−0.203%	$13.1M	$36.7M	25x	as long as short
Hotstuff GOLD-PERP	+0.0032%	1h	4,320	−0.157%	$32K	—	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.546%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,322.8	−0.092%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0042%	1h	4,323	−0.087%	$5.4M	$2.1M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,355.6	+0.666%	—	$1.0M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XAU	+0.0048%	1h	4,318.6	−0.188%	$20.3M	$30.1M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,317.1	−0.224%	$291.3M	$51.7M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,319.3	−0.173%	$15.0M	$55.9M	25x	as long as short
Kalshi KXGOLDPERP	+0.0069%	24h	4,324.7	−0.048%	$3.9M	$42.9M	15x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,320.4	−0.147%	$2.1M	$4.9M	25x	as long as short
Paradex XAU-USD-PERP	+0.0072%	8h	4,320.1	−0.155%	$19K	$5K	5x	as long as short
GRVT XAU_USDT_Perp	+0.0076%	4h	4,323.4	−0.078%	$1.4M	$3.0M	25x	as long as short
Gate XAU_USDTshort	+0.0080%	4h	4,323.4	−0.078%	$276.2M	$406.5M	100x
Aster XAUUSD1	+0.0080%	4h	4,321.2	−0.128%	$72.3M	$314.0M	20x	as long as short
Variational Omni XAU	+0.0089%	4h	4,326.3	−0.011%	$47.1M	$29.2M	—	as long as short
MEXC XAU_USDT	+0.0098%	4h	4,320	−0.158%	$361.4M	$325.3M	1000x	as long as short
Binance XAUUSDT	+0.0100%	4h	4,320.1	−0.155%	$413.1M	$2.13B	100x	as long as short
Phoenix GOLD	+0.0100%	1h	4,324.8	−0.046%	$47K	$79K	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,316.2	−0.245%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,322.3	−0.103%	$272K	$208K	50x	as long as short
Lighter RH XAU	+0.0104%	1h	4,321.3	−0.126%	$19.8M	$38.3M	25x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,321.9	−0.112%	$160K	$87	10x	as long as short
edgeX XAUUSDC	+0.0105%	4h	4,321.6	−0.120%	$30.1M	$60.6M	50x	as long as short
Kraken Futures PF_XAUUSD	+0.0153%	1h	4,320.2	−0.152%	$588K	$130K	25x	as long as short
RISEx XAU/USDC	+0.0184%	1h	4,324.5	−0.052%	$4.2M	$12.8M	25x	as long as short
Bullet GOLD-USD	+0.0200%	1h	4,323.2	−0.083%	$59K	$81K	10x	as long as short
HTX XAU-USDT	+0.0211%	4h	4,326.2	−0.013%	$2.8M	$4.9M	75x	as long as short
Polymarket Perps GOLD-USD	+0.0215%	1h	4,323.3	−0.080%	$4.2M	$1.9M	20x	as long as short
Bitget XAUUSDT	+0.0236%	4h	4,320	−0.156%	$67.9M	$119.2M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0316%	8h	4,321.3	−0.127%	$170.1M	$296.3M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0329%	1h	4,321.8	−0.115%	$193K	$830K	25x	as long as short
BloFin XAU-USDT	+0.0339%	4h	4,323.3	−0.081%	$16.1M	$4.4M	100x	as long as short
Phemex XAUUSDTlong	+0.0400%	4h	4,326.8	long leg	$2.2M	$961K	100x
GMX GOLD/USD [ETH-USDC]	L +0.0463% / S −0.0307%	1h	4,322.6	−0.096%	$252K	—	111x	as long as short