XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0093%/8h= −10.2% APRnext payment −$0.12 per $10,000 · paid last 24h −0.031%

Price spread now: gTrade (Gains Network) against Phoenix−0.231%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Phoenix Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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 gTrade (Gains Network) is 0.231% cheaper against Phoenix than usual: you would sell low and buy high (−$23 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix GOLD	4,313.9	0.0096	pay 0.0012% / 1h	6m 37s	$42K	$79K	25x
Short	gTrade (Gains Network) XAU/USD	4,304	L +0.0002% / S −0.0003%	get 0.0000% / 1h	6m 37s	$268K	—	250x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Phoenix. 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 PhoenixbpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.231%Rate

Funding earned: −$19.57
Price spread: −0.231% → 0.000%: −$23.06
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee gTrade (Gains Network): 3.5 bp × 2 orders: −$7
Net: −$56.63
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Phoenix: no order-book sample; gTrade (Gains Network): virtual book (oracle venue), 62 min ago. 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 Phoenix no order-book sample	—	—	—	—	—
Sell gTrade (Gains Network) virtual book (oracle venue), 62 min ago	130.01 bp	133.5 bp −$134	243.0 bp −$2,430	1975.4 bp −$197.5K	doesn't fit

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 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	4,312.3	−0.036%	$92K	$7.0M	20x	as long as short
gTrade (Gains Network) XAU/USDshort	L +0.0002% / S −0.0003%	1h	4,304	−0.231%	$268K	—	250x
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.847%	$619	$54	52x	as long as short
QFEX GOLD-USD	+0.0045%	1h	4,306.4	−0.174%	$5.7M	$3.0M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,339.2	+0.586%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,304.2	−0.225%	$290.0M	$52.5M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,304.1	−0.227%	$15.0M	$55.3M	25x	as long as short
Aster XAUUSD1	+0.0057%	4h	4,308.3	−0.131%	$72.8M	$271.9M	20x	as long as short
Paradex XAU-USD-PERP	+0.0062%	8h	4,307.7	−0.145%	$2K	$14K	5x	as long as short
Bluefin GOLD-PERP	+0.0068%	1h	4,303.1	−0.250%	$25K	$1K	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit XAUUSDT	+0.0071%	4h	4,307.5	−0.150%	$77.2M	$155.3M	150x	as long as short
Lighter XAU	+0.0072%	1h	4,306.9	−0.163%	$20.2M	$30.2M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,304.3	−0.223%	$2.0M	$5.1M	25x	as long as short
Phoenix GOLDlong	+0.0096%	1h	4,313.9	long leg	$42K	$79K	25x
Kalshi KXGOLDPERP	+0.0099%	24h	4,309.5	−0.102%	$3.6M	$45.3M	15x	as long as short
Variational Omni XAU	+0.0100%	4h	4,316.5	+0.059%	$47.1M	$29.0M	—	as long as short
Pacifica XAU	+0.0100%	1h	4,304.3	−0.222%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,313.5	−0.009%	$272K	$209K	50x	as long as short
Lighter RH XAU	+0.0104%	1h	4,309.9	−0.093%	$19.9M	$40.2M	25x	as long as short
Extended XAU-USD	+0.0104%	1h	4,303.8	−0.233%	$13.2M	$36.6M	25x	as long as short
MEXC XAU_USDT	+0.0108%	4h	4,307.8	−0.140%	$366.8M	$340.5M	1000x	as long as short
Binance XAUUSDT	+0.0110%	4h	4,307.2	−0.155%	$429.0M	$2.16B	100x	as long as short
GRVT XAU_USDT_Perp	+0.0112%	4h	4,316.1	+0.050%	$1.4M	$3.0M	25x	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,307.2	−0.156%	$160K	$87	10x	as long as short
Gate XAU_USDT	+0.0118%	4h	4,309.6	−0.100%	$284.6M	$430.3M	100x	as long as short
Hotstuff GOLD-PERP	+0.0120%	1h	4,304.5	−0.218%	$32K	—	25x	as long as short
edgeX XAUUSDC	+0.0127%	4h	4,313.1	−0.017%	$30.0M	$59.8M	50x	as long as short
StandX XAU-USD	+0.0130%	1h	4,310.3	−0.083%	$3.8M	$4.5M	40x	as long as short
Bitget XAUUSDT	+0.0190%	4h	4,306.5	−0.171%	$70.4M	$121.4M	100x	as long as short
Bullet GOLD-USD	+0.0199%	1h	4,307.5	−0.148%	$59K	$81K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0222%	1h	4,307	−0.160%	$4.3M	$1.8M	20x	as long as short
Kraken Futures PF_XAUUSD	+0.0229%	1h	4,305	−0.206%	$573K	$138K	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0238%	1h	4,307.3	−0.153%	$136K	$864K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0264%	8h	4,307.2	−0.155%	$175.2M	$305.0M	100x	as long as short
BloFin XAU-USDT	+0.0371%	4h	4,308.4	−0.127%	$16.5M	$5.0M	100x	as long as short
Phemex XAUUSDT	+0.0455%	4h	4,312.2	−0.040%	$2.2M	$949K	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0464% / S −0.0311%	1h	4,307.9	−0.140%	$253K	—	111x	as long as short
HTX XAU-USDT	+0.0540%	4h	4,314.3	+0.009%	$3.2M	$6.1M	75x	as long as short
RISEx XAU/USDC	+0.0643%	1h	4,307.4	−0.152%	$4.5M	$13.1M	25x	as long as short