XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0142%/8h= +15.5% APRnext payment +$0.18 per $10,000 · paid last 24h −0.004%

Price spread now: Phoenix against RISEx−0.052%50s7-day average — · you buy dearer than you sell

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

Long on RISEx Short on Phoenix

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—needs both histories

Funding pays, the price is against you. Phoenix is 0.052% cheaper against RISEx than usual: you would sell low and buy high (spread −0.052% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 29 hours of funding at the current rate (+$4 a day). The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx XAU/USDC	4,347	0	get 0.0000% / 1h	8m 25s	$3.4M	$12.3M	25x
Short	Phoenix GOLD	4,344.7	0.0142	get 0.0018% / 1h	8m 25s	$47K	$77K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against RISEx. 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 RISExbpFee PhoenixbpOrdersPrice spread, now −0.052%Rate

Funding earned: $29.76
Price spread: −0.052% → 0.000%: −$5.18
Slippage, 4 orders: no order book: not counted
Fee RISEx: 3 bp × 2 orders: −$6
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $11.59
Costs to cover: 0.130%
Break-even: 4.3 days

Slippage unknown: RISEx: live order book, 1 min ago; Phoenix: 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 RISEx live order book, 1 min ago	0.01 bp	3.3 bp −$3	4.1 bp −$41	34.0 bp −$3,399	doesn't fit
Sell Phoenix no order-book sample	—	—	—	—	—

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/USDClong	0.0000%	1h	4,347	long leg	$3.4M	$12.3M	25x
Gate XAU_USDT	0.0000%	4h	4,349	+0.046%	$266.5M	$417.7M	100x	as long as short
SunX XAU-USDT	0.0000%	4h	4,352.2	+0.121%	$92K	$8.9M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,342.9	−0.093%	$272K	—	250x	as long as short
Lighter XAU	+0.0032%	1h	4,346.1	−0.019%	$20.8M	$38.2M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,343.4	−0.082%	$13.2M	$38.2M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.080%	$619	$54	52x	as long as short
Lighter RH XAU	+0.0040%	1h	4,348	+0.024%	$20.1M	$39.5M	25x	as long as short
StandX XAU-USD	+0.0040%	1h	4,348.3	+0.031%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0041%	1h	4,347	+0.001%	$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	4,380.1	+0.763%	—	$1.0M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0048%	1h	4,344.8	−0.049%	$2.0M	$4.8M	25x	as long as short
Kalshi KXGOLDPERP	+0.0049%	24h	4,346	−0.022%	$4.2M	$37.4M	15x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,344.3	−0.061%	$293.8M	$48.8M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,343.8	−0.073%	$15.1M	$56.8M	25x	as long as short
Hotstuff GOLD-PERP	+0.0056%	1h	4,344.4	−0.059%	$33K	—	25x	as long as short
Aster XAUUSD1	+0.0064%	4h	4,348.6	+0.038%	$71.4M	$333.1M	20x	as long as short
Variational Omni XAU	+0.0076%	4h	4,345.3	−0.038%	$48.4M	$28.2M	—	as long as short
Paradex XAU-USD-PERP	+0.0081%	8h	4,347.4	+0.010%	$19K	$5K	5x	as long as short
MEXC XAU_USDT	+0.0088%	4h	4,347.4	+0.010%	$372.7M	$320.5M	1000x	as long as short
GRVT XAU_USDT_Perp	+0.0090%	4h	4,347	0.000%	$1.4M	$2.9M	25x	as long as short
Binance XAUUSDT	+0.0090%	4h	4,347.4	+0.011%	$413.9M	$2.10B	100x	as long as short
Pacifica XAU	+0.0100%	1h	4,343.7	−0.075%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,343.3	−0.084%	$274K	$203K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,340.2	−0.156%	$25K	$14K	20x	as long as short
edgeX XAUUSDC	+0.0101%	4h	4,342.2	−0.108%	$30.2M	$58.0M	50x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,346.7	−0.006%	$161K	$87	10x	as long as short
Phoenix GOLDshort	+0.0142%	1h	4,344.7	−0.052%	$47K	$77K	25x
Polymarket Perps GOLD-USD	+0.0166%	1h	4,347.4	+0.010%	$4.3M	$2.0M	20x	as long as short
Bullet GOLD-USD	+0.0186%	1h	4,347.3	+0.008%	$59K	$82K	10x	as long as short
Kraken Futures PF_XAUUSD	+0.0194%	1h	4,344.8	−0.050%	$593K	$132K	25x	as long as short
Phemex XAUUSDT	+0.0225%	4h	4,349.4	+0.056%	$2.2M	$967K	100x	as long as short
Bitget XAUUSDT	+0.0234%	4h	4,347.8	+0.020%	$70.1M	$109.1M	100x	as long as short
Bybit XAUUSDT	+0.0240%	4h	4,348.5	+0.034%	$85.2M	$145.4M	150x	as long as short
OKX XAU-USDT-SWAP	+0.0300%	8h	4,348.9	+0.045%	$165.3M	$282.0M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0326%	1h	4,346.3	−0.015%	$206K	$825K	25x	as long as short
BloFin XAU-USDT	+0.0330%	4h	4,347.7	+0.017%	$15.6M	$4.5M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0418% / S −0.0240%	1h	4,347.2	+0.006%	$248K	—	111x	as long as short
HTX XAU-USDT	+0.0617%	4h	4,351.3	+0.100%	$2.8M	$4.6M	75x	as long as short