Funding you earn now, next payment 03:00 UTC+0.0477%/8h= +52.3% APRpaid last 24h +0.025%
Price spread now: HTX against Phoenix+0.152%72s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.072%−$7 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and HTX is 0.152% dearer against Phoenix than usual: you sell high and buy low: +$15 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.072%, so the current rate has only just turned in your favour. The two prices were read 72 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.072% in total (about -3.7% a year). A funding rate is set anew for every payment. 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 | Phoenix GOLD | 4,344.7 | 0.0142 | pay 0.0018% / 1h | 10m 04s | $47K | $77K | 25x |
| Short | HTX XAU-USDT | 4,351.3 | 0.0619 | get 0.0310% / 4h | 10m 04s | $2.8M | $4.6M | 75x |
Phoenix GOLD
HTX XAU-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX against Phoenix. 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
- $100.25
- Price spread: +0.152% → 0.000%
- $15.17
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- $96.41
- Costs to cover
- 0.190%
- Break-even
- 0.3 days
Slippage unknown: Phoenix: no order-book sample; HTX: live order book, 4 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 HTX live order book, 4 min ago | 0.01 bp | 8.5 bp −$8 | 11.8 bp −$118 | 17.6 bp −$1,762 | 27.7 bp −$13.8K |
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 | |
|---|---|---|---|---|---|---|---|---|
| RISEx XAU/USDC | 0.0000% | 1h | 4,346.4 | +0.038% | $3.4M | $12.3M | 25x | as long as short |
| Hotstuff GOLD-PERP | 0.0000% | 1h | 4,342.7 | −0.046% | $33K | — | 25x | as long as short |
| Gate XAU_USDT | 0.0000% | 4h | 4,349.5 | +0.111% | $266.1M | $417.5M | 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 | 4,343.1 | −0.036% | $272K | — | 250x | as long as short |
| Lighter XAU | +0.0032% | 1h | 4,346.1 | +0.032% | $20.8M | $38.2M | 25x | as long as short |
| Extended XAU-USD | +0.0032% | 1h | 4,343 | −0.039% | $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 | 4,348.6 | +0.089% | $20.1M | $39.4M | 25x | as long as short |
| StandX XAU-USD | +0.0040% | 1h | 4,347.4 | +0.062% | $3.8M | $4.5M | 40x | as long as short |
RISEx XAU/USDC
Hotstuff GOLD-PERP
Gate XAU_USDT
SunX XAU-USDT
gTrade (Gains Network) XAU/USD
Lighter XAU
Extended XAU-USD
Injective XAU/USDC PERP
Lighter RH XAU
StandX XAU-USDShow all 39 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX GOLD-USD | +0.0041% | 1h | 4,346.1 | +0.032% | $5.7M | $2.0M | 20x | as long as short |
| Vest GC-PERP | +0.0046% | 1h | 4,379.5 | +0.801% | — | $1.0M | 25x | as long as short |
| Coinbase International GOLD-PERP-INTX | +0.0048% | 1h | 4,343.7 | −0.023% | $2.0M | $4.8M | 25x | as long as short |
| Kalshi KXGOLDPERP | +0.0049% | 24h | 4,345.3 | +0.014% | $4.2M | $37.4M | 15x | as long as short |
| tradeXYZ xyz:GOLD | +0.0050% | 1h | 4,344.8 | +0.002% | $293.9M | $49.0M | 25x | as long as short |
| Ondo Perps XAU-USD.P | +0.0050% | 1h | 4,343.1 | −0.036% | $15.1M | $56.8M | 25x | as long as short |
| Aster XAUUSD1 | +0.0061% | 4h | 4,348.5 | +0.088% | $71.4M | $333.1M | 20x | as long as short |
| Variational Omni XAU | +0.0076% | 4h | 4,345.3 | +0.013% | $48.4M | $28.2M | — | as long as short |
| Paradex XAU-USD-PERP | +0.0080% | 8h | 4,346.3 | +0.038% | $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 | 4,347.3 | +0.060% | $372.1M | $320.4M | 1000x | as long as short |
| Binance XAUUSDT | +0.0089% | 4h | 4,347.9 | +0.073% | $413.9M | $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 | −0.039% | $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 | 4,340.4 | −0.099% | $25K | $14K | 20x | as long as short |
| Aevo XAU-PERP | +0.0104% | 1h | 4,346.3 | +0.037% | $161K | $87 | 10x | as long as short |
| Phoenix GOLDlong | +0.0142% | 1h | 4,344.7 | long leg | $47K | $77K | 25x | |
| Polymarket Perps GOLD-USD | +0.0164% | 1h | 4,346.9 | +0.051% | $4.3M | $2.0M | 20x | as long as short |
| Bullet GOLD-USD | +0.0187% | 1h | 4,347 | +0.053% | $59K | $82K | 10x | as long as short |
| Kraken Futures PF_XAUUSD | +0.0194% | 1h | 4,344 | −0.015% | $592K | $132K | 25x | as long as short |
| Phemex XAUUSDT | +0.0232% | 4h | 4,349.4 | +0.108% | $2.2M | $967K | 100x | as long as short |
| Bitget XAUUSDT | +0.0232% | 4h | 4,348.3 | +0.083% | $70.1M | $109.2M | 100x | as long as short |
| Bybit XAUUSDT | +0.0240% | 4h | 4,349.2 | +0.103% | $85.1M | $145.4M | 150x | as long as short |
| Deribit GOLD_USDC-PERPETUAL | +0.0256% | 1h | 4,345.7 | +0.023% | $206K | $825K | 25x | as long as short |
| OKX XAU-USDT-SWAP | +0.0298% | 8h | 4,348.9 | +0.097% | $165.3M | $282.0M | 100x | as long as short |
| BloFin XAU-USDT | +0.0329% | 4h | 4,346.1 | +0.032% | $15.6M | $4.5M | 100x | as long as short |
| GMX GOLD/USD [ETH-USDC] | L +0.0418% / S −0.0239% | 1h | 4,347.3 | +0.060% | $248K | — | 111x | as long as short |
| HTX XAU-USDTshort | +0.0619% | 4h | 4,351.3 | +0.152% | $2.8M | $4.6M | 75x |
QFEX GOLD-USD
Vest GC-PERP
Coinbase International GOLD-PERP-INTX
Kalshi KXGOLDPERP
tradeXYZ xyz:GOLD
Ondo Perps XAU-USD.P
Aster XAUUSD1
Variational Omni XAU
Paradex XAU-USD-PERP
GRVT XAU_USDT_Perp
MEXC XAU_USDT
Binance XAUUSDT
edgeX XAUUSDC
Pacifica XAU
ApeX Omni XAUUSDT
Bluefin GOLD-PERP
Aevo XAU-PERP
Polymarket Perps GOLD-USD
Bullet GOLD-USD
Kraken Futures PF_XAUUSD
Phemex XAUUSDT
Bitget XAUUSDT
Bybit XAUUSDT
Deribit GOLD_USDC-PERPETUAL
OKX XAU-USDT-SWAP
BloFin XAU-USDT
GMX GOLD/USD [ETH-USDC]