XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0101%/8h= +11.0% APRnext payment +$0.13 per $10,000 · paid last 24h +0.023%

Price spread now: GMX against Coinbase International+0.046%7-day average +0.108% · you sell dearer than you buy

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

Long on Coinbase International Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.340%−$34 on $10k

Price spread, last 3 days (all we have)+0.053%+$5 · spread now +0.046%, 7d avg +0.108%

Together, before fees−0.287%−$29 on $10k · with fees, hour by hour

Funding pays, the price is against you. GMX is 0.062% cheaper against Coinbase International than usual: you would sell low and buy high (spread +0.046% now, against its 7-day average of +0.108%). If the spread goes back, that is −$6 on $10k: about 2.0 days of funding at the current rate (+$3 a day). Mind the row above: over the last 3 days funding on this pair cost −0.340%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International GOLD-PERP-INTX	4,359.9	0.0096	pay 0.0012% / 1h	27m 56s	$2.0M	$5.1M	25x
Short	GMX GOLD/USD [ETH-USDC]	4,361.9	L +0.0389% / S −0.0197%	get 0.0025% / 1h	27m 56s	$252K	—	111x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Coinbase International. 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 Coinbase InternationalbpFee GMXbpOrdersPrice spread, now +0.046%Rate

Funding earned: $21.12
Price spread: +0.046% → +0.108%: −$6.17
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$7.06
Costs to cover: 0.220%
Break-even: 9.3 days

Slippage unknown: Coinbase International: live order book, 1 min ago; GMX: 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 Coinbase International live order book, 1 min ago	0.12 bp	6.2 bp −$6	8.1 bp −$81	48.2 bp −$4,815	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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
Aster XAUUSD1	0.0000%	4h	4,362.2	+0.052%	$71.1M	$200.3M	20x	as long as short
Gate XAU_USDT	0.0000%	4h	4,363.8	+0.089%	$265.5M	$415.2M	100x	as long as short
Variational Omni XAU	0.0000%	4h	4,362.5	+0.060%	$48.0M	$28.0M	—	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,358.5	−0.032%	$4.0M	$36.6M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,366.5	+0.151%	$93K	$10.2M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,357.9	−0.046%	$267K	—	250x	as long as short
Hotstuff GOLD-PERP	+0.0008%	1h	4,358.7	−0.028%	$33K	—	25x	as long as short
MEXC XAU_USDT	+0.0014%	4h	4,362.5	+0.061%	$373.4M	$326.9M	1000x	as long as short
Binance XAUUSDT	+0.0016%	4h	4,362.6	+0.063%	$412.0M	$2.15B	100x	as long as short
edgeX XAUUSDC	+0.0017%	4h	4,356.7	−0.074%	$30.3M	$60.6M	50x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.217%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,363	+0.071%	$3.8M	$4.7M	40x	as long as short
QFEX GOLD-USD	+0.0045%	1h	4,361.7	+0.041%	$5.6M	$1.9M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,395.9	+0.826%	—	$1.0M	25x	as long as short
RISEx XAU/USDC	+0.0048%	1h	4,361.9	+0.046%	$3.4M	$12.3M	25x	as long as short
Bitget XAUUSDT	+0.0048%	4h	4,363.4	+0.080%	$69.6M	$113.3M	100x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,359.4	−0.011%	$294.0M	$52.6M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,357.4	−0.058%	$14.7M	$57.3M	25x	as long as short
Phoenix GOLD	+0.0055%	1h	4,360.2	+0.007%	$48K	$64K	25x	as long as short
BloFin XAU-USDT	+0.0057%	4h	4,363.5	+0.082%	$15.5M	$4.5M	100x	as long as short
Lighter XAU	+0.0072%	1h	4,361.5	+0.037%	$20.6M	$44.0M	25x	as long as short
Paradex XAU-USD-PERP	+0.0080%	8h	4,361.8	+0.043%	$19K	$5K	5x	as long as short
Aevo XAU-PERP	+0.0088%	1h	4,360.9	+0.023%	$161K	$87	10x	as long as short
Lighter RH XAU	+0.0096%	1h	4,364.1	+0.096%	$20.2M	$41.0M	25x	as long as short
Coinbase International GOLD-PERP-INTXlong	+0.0096%	1h	4,359.9	long leg	$2.0M	$5.1M	25x
Pacifica XAU	+0.0100%	1h	4,358.4	−0.034%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,360.8	+0.020%	$275K	$204K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,354.6	−0.121%	$26K	$22K	20x	as long as short
Bybit XAUUSDT	+0.0111%	4h	4,364.1	+0.096%	$83.1M	$143.8M	150x	as long as short
Extended XAU-USD	+0.0112%	1h	4,358.9	−0.022%	$13.5M	$43.9M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0128%	1h	4,361.2	+0.030%	$4.3M	$1.8M	20x	as long as short
GRVT XAU_USDT_Perp	+0.0152%	4h	4,362.7	+0.065%	$1.4M	$3.1M	25x	as long as short
OKX XAU-USDT-SWAP	+0.0196%	8h	4,364.3	+0.101%	$165.5M	$286.6M	100x	as long as short
Bullet GOLD-USD	+0.0214%	1h	4,362.1	+0.050%	$59K	$81K	10x	as long as short
Kraken Futures PF_XAUUSD	+0.0225%	1h	4,358.9	−0.023%	$594K	$151K	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0232%	1h	4,360.8	+0.021%	$235K	$656K	25x	as long as short
GMX GOLD/USD [ETH-USDC]short	L +0.0389% / S −0.0197%	1h	4,361.9	+0.046%	$252K	—	111x
Phemex XAUUSDT	+0.0529%	4h	4,365.2	+0.121%	$2.2M	$1.1M	100x	as long as short
HTX XAU-USDT	+0.0605%	4h	4,365.7	+0.134%	$2.9M	$3.9M	75x	as long as short