XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0078%/8h= −8.5% APRnext payment −$0.10 per $10,000 · paid last 24h −0.019%

Price spread now: Hotstuff against Phoenix−0.005%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 Hotstuff

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHotstuff: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix GOLD	4,344.7	0.0142	pay 0.0018% / 1h	13m 18s	$47K	$77K	25x
Short	Hotstuff GOLD-PERP	4,344.5	0.0064	get 0.0008% / 1h	13m 18s	$33K	—	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff 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 HotstuffbpOrdersPrice spread, now −0.005%Rate

Funding earned: −$16.32
Price spread: −0.005% → 0.000%: −$0.46
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$28.78
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Phoenix: no order-book sample; Hotstuff: 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 Phoenix no order-book sample	—	—	—	—	—
Sell Hotstuff no order-book sample	—	—	—	—	—

Phoenix and Hotstuff: 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
RISEx XAU/USDC	0.0000%	1h	4,346.5	+0.042%	$3.4M	$12.3M	25x	as long as short
Gate XAU_USDT	0.0000%	4h	4,348.5	+0.088%	$265.3M	$417.1M	100x	as long as short
SunX XAU-USDT	0.0000%	4h	4,351.3	+0.151%	$92K	$8.9M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,343.3	−0.032%	$272K	—	250x	as long as short
Lighter XAU	+0.0032%	1h	4,345.5	+0.019%	$20.8M	$38.2M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,343.2	−0.034%	$13.2M	$38.3M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.132%	$619	$54	52x	as long as short
Lighter RH XAU	+0.0040%	1h	4,347.8	+0.072%	$20.1M	$39.3M	25x	as long as short
StandX XAU-USD	+0.0040%	1h	4,348.3	+0.083%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0041%	1h	4,346.3	+0.037%	$5.7M	$2.0M	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest GC-PERP	+0.0046%	1h	4,380	+0.812%	—	$1.0M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0048%	1h	4,343	−0.039%	$2.0M	$4.8M	25x	as long as short
Kalshi KXGOLDPERP	+0.0048%	24h	4,345.6	+0.021%	$4.2M	$37.4M	15x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,344	−0.016%	$293.8M	$49.0M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,342.8	−0.043%	$15.1M	$56.9M	25x	as long as short
Aster XAUUSD1	+0.0059%	4h	4,348.1	+0.078%	$71.2M	$333.3M	20x	as long as short
Hotstuff GOLD-PERPshort	+0.0064%	1h	4,344.5	−0.005%	$33K	—	25x
Variational Omni XAU	+0.0075%	4h	4,349.4	+0.109%	$48.4M	$28.0M	—	as long as short
Paradex XAU-USD-PERP	+0.0080%	8h	4,346.9	+0.050%	$19K	$5K	5x	as long as short
GRVT XAU_USDT_Perp	+0.0086%	4h	4,346.5	+0.041%	$1.4M	$2.9M	25x	as long as short
MEXC XAU_USDT	+0.0088%	4h	4,347.2	+0.057%	$372.0M	$319.3M	1000x	as long as short
Binance XAUUSDT	+0.0089%	4h	4,346.9	+0.051%	$413.4M	$2.10B	100x	as long as short
edgeX XAUUSDC	+0.0099%	4h	4,343.2	−0.035%	$30.2M	$58.3M	50x	as long as short
Pacifica XAU	+0.0100%	1h	4,343.6	−0.025%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,343.3	−0.033%	$274K	$203K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,343.3	−0.032%	$25K	$14K	20x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,346.2	+0.035%	$161K	$87	10x	as long as short
Phoenix GOLDlong	+0.0142%	1h	4,344.7	long leg	$47K	$77K	25x
Polymarket Perps GOLD-USD	+0.0160%	1h	4,347.1	+0.055%	$4.3M	$2.0M	20x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0164%	1h	4,345.1	+0.009%	$206K	$824K	25x	as long as short
Bullet GOLD-USD	+0.0185%	1h	4,347.2	+0.057%	$59K	$82K	10x	as long as short
Kraken Futures PF_XAUUSD	+0.0194%	1h	4,343.7	−0.022%	$592K	$132K	25x	as long as short
Phemex XAUUSDT	+0.0228%	4h	4,350	+0.123%	$2.2M	$967K	100x	as long as short
Bitget XAUUSDT	+0.0232%	4h	4,347.6	+0.066%	$70.0M	$109.2M	100x	as long as short
Bybit XAUUSDT	+0.0240%	4h	4,348.3	+0.082%	$85.1M	$145.4M	150x	as long as short
OKX XAU-USDT-SWAP	+0.0296%	8h	4,348.4	+0.085%	$165.3M	$282.0M	100x	as long as short
BloFin XAU-USDT	+0.0329%	4h	4,346.8	+0.048%	$15.6M	$4.5M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0418% / S −0.0238%	1h	4,347.2	+0.057%	$248K	—	111x	as long as short
HTX XAU-USDT	+0.0618%	4h	4,351.3	+0.152%	$2.8M	$4.6M	75x	as long as short