XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0030%/8h= +3.3% APRnext payment +$0.04 per $10,000 · paid last 24h +0.016%

Price spread now: Phoenix against Vest−0.818%58s7-day average — · you buy dearer than you sell

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

Long on Vest 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—+ Points / potential airdropVest: Active · farm boardneeds both histories

Funding pays, the price is against you. Phoenix is 0.818% cheaper against Vest than usual: you would sell low and buy high (spread −0.818% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$82 on $10k: about 3 months of funding at the current rate (+$1 a day). The two prices were read 58 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	Vest GC-PERP	4,366.2	0.0046	pay 0.0006% / 1h	1m 54s	—	$1.0M	25x
Short	Phoenix GOLD	4,330.5	0.0076	get 0.0009% / 1h	1m 54s	$43K	$72K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Vest. 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 VestbpFee PhoenixbpOrdersPrice spread, now −0.818%Rate

Funding earned: $6.31
Price spread: −0.818% → 0.000%: −$81.76
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$84.45
Costs to cover: 0.090%
Break-even: 100.7 days

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

Vest and 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 exchanges

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	−2.2880%	1h	4,318.3	−1.097%	$32K	—	25x	as long as short
SunX XAU-USDT	0.0000%	4h	4,336.6	−0.677%	$92K	$6.0M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,327.4	−0.888%	$286K	—	250x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0024%	1h	4,327.8	−0.879%	$2.1M	$5.3M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.361%	$619	$54	52x	as long as short
QFEX GOLD-USD	+0.0038%	1h	4,332.6	−0.770%	$6.7M	$3.2M	20x	as long as short
StandX XAU-USD	+0.0040%	1h	4,331	−0.806%	$3.8M	$4.5M	40x	as long as short
Vest GC-PERPlong	+0.0046%	1h	4,366.2	long leg	—	$1.0M	25x
tradeXYZ xyz:GOLD	+0.0050%	1h	4,328	−0.875%	$292.1M	$52.9M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,328.6	−0.861%	$15.1M	$58.3M	25x	as long as short

Show all 39 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex XAU-USD-PERP	+0.0055%	8h	4,333.5	−0.749%	$2K	$13K	5x	as long as short
RISEx XAU/USDC	+0.0056%	1h	4,333.4	−0.751%	$4.7M	$13.4M	25x	as long as short
Aster XAUUSD1	+0.0075%	4h	4,335.2	−0.710%	$73.1M	$275.6M	20x	as long as short
Phoenix GOLDshort	+0.0076%	1h	4,330.5	−0.818%	$43K	$72K	25x
Variational Omni XAU	+0.0090%	4h	4,334.4	−0.729%	$47.3M	$29.4M	—	as long as short
Lighter XAU	+0.0096%	1h	4,331	−0.806%	$20.2M	$30.6M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,332.6	−0.769%	$1.4M	$1.3M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,330.9	−0.808%	$284K	$223K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,327.9	−0.877%	$25K	$1K	20x	as long as short
Gate XAU_USDT	+0.0104%	4h	4,334.4	−0.729%	$301.1M	$451.7M	100x	as long as short
Binance XAUUSDT	+0.0109%	4h	4,333.1	−0.759%	$445.5M	$2.42B	100x	as long as short
MEXC XAU_USDT	+0.0110%	4h	4,331.8	−0.787%	$368.6M	$367.5M	1000x	as long as short
Bybit XAUUSDT	+0.0112%	4h	4,334.3	−0.730%	$80.3M	$171.9M	150x	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,332.4	−0.774%	$160K	$87	10x	as long as short
GRVT XAU_USDT_Perp	+0.0116%	4h	4,333.8	−0.741%	$1.4M	$3.1M	25x	as long as short
edgeX XAUUSDC	+0.0117%	4h	4,331.5	−0.796%	$30.3M	$66.8M	50x	as long as short
Kalshi KXGOLDPERP	+0.0133%	24h	4,335.1	−0.712%	$3.5M	$50.8M	15x	as long as short
Polymarket Perps GOLD-USD	+0.0137%	1h	4,332.6	−0.770%	$4.3M	$1.7M	20x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0143%	1h	4,330	−0.829%	$135K	$748K	25x	as long as short
Lighter RH XAU	+0.0152%	1h	4,334	−0.737%	$19.8M	$41.2M	25x	as long as short
Extended XAU-USD	+0.0152%	1h	4,327.6	−0.884%	$12.6M	$34.8M	25x	as long as short
Bullet GOLD-USD	+0.0197%	1h	4,332.7	−0.766%	$59K	$76K	10x	as long as short
Bitget XAUUSDT	+0.0218%	4h	4,332.7	−0.767%	$73.5M	$136.9M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0242%	8h	4,334.1	−0.735%	$170.7M	$359.0M	100x	as long as short
Phemex XAUUSDT	+0.0252%	4h	4,333.4	−0.751%	$2.2M	$782K	100x	as long as short
BloFin XAU-USDT	+0.0351%	4h	4,335.8	−0.697%	$16.3M	$5.3M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0411%	1h	4,329.5	−0.839%	$583K	$165K	25x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0460% / S −0.0308%	1h	4,331.9	−0.787%	$253K	—	111x	as long as short
HTX XAU-USDT	+0.1125%	4h	4,339.5	−0.613%	$3.2M	$7.0M	75x	as long as short