XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0103%/8h= +11.2% APRnext payment +$0.13 per $10,000 · paid last 24h −0.019%

Price spread now: GMX against Deribit+0.017%7-day average +0.125% · you sell dearer than you buy

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

Long on Deribit Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.620%−$62 on $10k

Price spread, last 3 days (all we have)+0.096%+$10 · spread now +0.017%, 7d avg +0.125%

Together, before fees−0.524%−$52 on $10k · with fees, hour by hour

Funding pays, the price is against you. GMX is 0.108% cheaper against Deribit than usual: you would sell low and buy high (spread +0.017% now, against its 7-day average of +0.125%). If the spread goes back, that is −$11 on $10k: about 3.5 days of funding at the current rate (+$3 a day). Mind the row above: over the last 3 days funding on this pair cost −0.620%, 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	Deribit GOLD_USDC-PERPETUAL	4,363.6	0.0094	pay 0.0012% / 1h	7m 17s	$235K	$734K	25x
Short	GMX GOLD/USD [ETH-USDC]	4,364.3	L +0.0389% / S −0.0197%	get 0.0025% / 1h	7m 17s	$252K	—	111x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Deribit. 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 DeribitbpFee GMXbpOrdersPrice spread, now +0.017%Rate

Funding earned: $21.56
Price spread: +0.017% → +0.125%: −$10.82
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee GMX: 6 bp × 2 orders: −$12
Net: −$8.26
Costs to cover: 0.190%
Break-even: 9.7 days

Slippage unknown: Deribit: live order book, 12 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 Deribit live order book, 12 min ago	0.12 bp	8.6 bp −$9	9.9 bp −$99	doesn't fit	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
Kraken Futures PF_XAUUSD	−0.0174%	1h	4,362	−0.037%	$602K	$139K	25x	as long as short
Aster XAUUSD1	0.0000%	4h	4,364.9	+0.031%	$71.5M	$233.8M	20x	as long as short
Binance XAUUSDT	0.0000%	4h	4,364.3	+0.017%	$410.5M	$2.09B	100x	as long as short
Bybit XAUUSDT	0.0000%	4h	4,365.5	+0.044%	$82.9M	$141.7M	150x	as long as short
RISEx XAU/USDC	0.0000%	1h	4,364.2	+0.013%	$3.4M	$12.4M	25x	as long as short
Gate XAU_USDT	0.0000%	4h	4,365.5	+0.043%	$269.4M	$411.7M	100x	as long as short
MEXC XAU_USDT	0.0000%	4h	4,364.4	+0.017%	$376.5M	$354.3M	1000x	as long as short
Bitget XAUUSDT	0.0000%	4h	4,364.4	+0.019%	$67.4M	$110.0M	100x	as long as short
Variational Omni XAU	0.0000%	4h	4,360.3	−0.076%	$48.5M	$31.3M	—	as long as short
GRVT XAU_USDT_Perp	0.0000%	4h	4,362.8	−0.019%	$1.4M	$3.1M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kalshi KXGOLDPERP	0.0000%	24h	4,362.2	−0.032%	$4.0M	$34.6M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,368.6	+0.114%	$93K	$10.6M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,361.2	−0.054%	$268K	—	250x	as long as short
QFEX GOLD-USD	+0.0002%	1h	4,363.4	−0.005%	$5.6M	$1.7M	20x	as long as short
edgeX XAUUSDC	+0.0018%	4h	4,355.3	−0.191%	$30.3M	$57.9M	50x	as long as short
tradeXYZ xyz:GOLD	+0.0018%	1h	4,360.3	−0.076%	$293.4M	$52.7M	25x	as long as short
Hotstuff GOLD-PERP	+0.0024%	1h	4,359.9	−0.085%	$33K	—	25x	as long as short
Lighter XAU	+0.0032%	1h	4,364.1	+0.011%	$21.0M	$44.6M	25x	as long as short
Lighter RH XAU	+0.0032%	1h	4,366.3	+0.062%	$20.3M	$42.2M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,361.2	−0.055%	$13.1M	$46.3M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.302%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,363.6	0.000%	$3.8M	$4.7M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,399	+0.811%	—	$1.0M	25x	as long as short
Paradex XAU-USD-PERP	+0.0050%	8h	4,364.1	+0.011%	$19K	$6K	5x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,360.2	−0.077%	$14.4M	$55.6M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0051%	1h	4,363	−0.014%	$4.3M	$1.7M	20x	as long as short
Aevo XAU-PERP	+0.0080%	1h	4,362.9	−0.015%	$162K	$87	10x	as long as short
Deribit GOLD_USDC-PERPETUALlong	+0.0094%	1h	4,363.6	long leg	$235K	$734K	25x
Bullet GOLD-USD	+0.0099%	1h	4,364.5	+0.021%	$60K	$85K	10x	as long as short
Pacifica XAU	+0.0100%	1h	4,361.5	−0.048%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,360.4	−0.073%	$274K	$199K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,357.4	−0.141%	$26K	$21K	20x	as long as short
Phoenix GOLD	+0.0109%	1h	4,357.5	−0.140%	$48K	$65K	25x	as long as short
HTX XAU-USDT	+0.0109%	4h	4,367.2	+0.083%	$2.8M	$3.8M	75x	as long as short
OKX XAU-USDT-SWAP	+0.0158%	8h	4,365.7	+0.048%	$158.6M	$269.6M	100x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0208%	1h	4,360.9	−0.062%	$2.0M	$5.1M	25x	as long as short
BloFin XAU-USDT	+0.0240%	4h	4,364.6	+0.023%	$14.8M	$4.3M	100x	as long as short
Phemex XAUUSDT	+0.0272%	4h	4,364.4	+0.018%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]short	L +0.0389% / S −0.0197%	1h	4,364.3	+0.017%	$252K	—	111x