XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0270%/8h= −29.6% APRnext payment −$1.35 per $10,000 · paid last 24h −0.122%

Price spread now: MEXC against Phemex−0.067%7-day average −0.036% · you buy dearer than you sell

Net, funding: paid 7d − costs−$75as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$510.512% of the position

Long on Phemex Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.238%−$24 on $10k

Price spread, last 4 days (all we have)−0.007%−$1 · spread now −0.067%, 7d avg −0.036%

Together, before fees−0.245%−$25 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and MEXC is 0.031% cheaper against Phemex than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.036%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex XAUUSDT	4,327.2	0.0370	pay 0.0185% / 4h	32m 17s	$2.2M	$975K	100x
Short	MEXC XAU_USDT	4,324.3	0.0100	get 0.0050% / 4h	32m 17s	$362.9M	$327.8M	1000x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.067%Rate

Funding earned: −$56.69
Price spread: −0.067% → −0.036%: −$3.08
Slippage, 4 orders: −$35.23
Fee Phemex: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$111
Costs to cover: 0.512%
Break-even: never at this rate

Slippage from Phemex: live order book, 1 min ago; MEXC: 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, 1 min ago	1.46 bp	25.0 bp −$25	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	0.04 bp	2.0 bp −$2	2.1 bp −$21	9.5 bp −$950	24.9 bp −$12.4K

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
Hotstuff GOLD-PERP	−0.0096%	1h	4,322.5	−0.109%	$32K	—	25x	as long as short
Bluefin GOLD-PERP	−0.0086%	1h	4,318.6	−0.199%	$25K	$1K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,328.4	+0.027%	$92K	$7.3M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,321.6	−0.130%	$270K	—	250x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.537%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,327.2	0.000%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0045%	1h	4,323.3	−0.090%	$5.4M	$2.0M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,356.6	+0.679%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,321	−0.143%	$291.7M	$51.5M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,320.5	−0.154%	$15.0M	$55.6M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit XAUUSDT	+0.0053%	4h	4,325.4	−0.042%	$77.6M	$152.8M	150x	as long as short
Aster XAUUSD1	+0.0057%	4h	4,325.8	−0.032%	$72.9M	$272.0M	20x	as long as short
Lighter XAU	+0.0064%	1h	4,323	−0.097%	$20.5M	$29.4M	25x	as long as short
Paradex XAU-USD-PERP	+0.0065%	8h	4,323.9	−0.075%	$2K	$14K	5x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,320.5	−0.155%	$2.1M	$4.8M	25x	as long as short
Variational Omni XAU	+0.0089%	4h	4,324.9	−0.053%	$47.2M	$29.3M	—	as long as short
Kalshi KXGOLDPERP	+0.0093%	24h	4,325.7	−0.035%	$3.8M	$44.6M	15x	as long as short
Phoenix GOLD	+0.0096%	1h	4,323.3	−0.090%	$47K	$79K	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,321	−0.144%	$1.4M	$1.2M	10x	as long as short
MEXC XAU_USDTshort	+0.0100%	4h	4,324.3	−0.067%	$362.9M	$327.8M	1000x
GRVT XAU_USDT_Perp	+0.0100%	4h	4,326.8	−0.010%	$1.4M	$3.0M	25x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,322.7	−0.104%	$272K	$208K	50x	as long as short
Binance XAUUSDT	+0.0101%	4h	4,324.2	−0.068%	$425.0M	$2.13B	100x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,323.7	−0.081%	$160K	$87	10x	as long as short
Gate XAU_USDT	+0.0108%	4h	4,326.2	−0.022%	$285.6M	$416.5M	100x	as long as short
edgeX XAUUSDC	+0.0117%	4h	4,323.1	−0.095%	$30.1M	$59.6M	50x	as long as short
Lighter RH XAU	+0.0120%	1h	4,325.7	−0.036%	$20.0M	$39.2M	25x	as long as short
Extended XAU-USD	+0.0128%	1h	4,320	−0.167%	$13.2M	$36.8M	25x	as long as short
Bitget XAUUSDT	+0.0194%	4h	4,324.1	−0.072%	$70.1M	$118.5M	100x	as long as short
Bullet GOLD-USD	+0.0206%	1h	4,324.4	−0.065%	$58K	$81K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0219%	1h	4,324.4	−0.065%	$4.3M	$1.9M	20x	as long as short
Kraken Futures PF_XAUUSD	+0.0228%	1h	4,322.1	−0.118%	$578K	$135K	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0236%	1h	4,322.4	−0.111%	$163K	$872K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0276%	8h	4,324.8	−0.055%	$173.8M	$299.0M	100x	as long as short
BloFin XAU-USDT	+0.0341%	4h	4,324.9	−0.053%	$16.4M	$4.6M	100x	as long as short
Phemex XAUUSDTlong	+0.0370%	4h	4,327.2	long leg	$2.2M	$975K	100x
HTX XAU-USDT	+0.0424%	4h	4,331.1	+0.089%	$3.2M	$5.9M	75x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0462% / S −0.0307%	1h	4,324.3	−0.068%	$253K	—	111x	as long as short
RISEx XAU/USDC	+0.0643%	1h	4,325	−0.051%	$4.6M	$13.3M	25x	as long as short