XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0218%/8h= +23.9% APRnext payment +$0.27 per $10,000 · paid last 24h +0.051%

Price spread now: GMX against gTrade (Gains Network)+0.105%7-day average +0.104% · you sell dearer than you buy

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

Long on gTrade (Gains Network)Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.147%+$15 on $10k

Price spread, last 4 days (all we have)0.000%$0 · spread now +0.105%, 7d avg +0.104%

Together, before fees+0.146%+$15 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.104%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) XAU/USD	4,341.2	L +0.0002% / S −0.0003%	pay 0.0000% / 1h	3m 54s	$266K	—	250x
Short	GMX GOLD/USD [ETH-USDC]	4,345.8	L +0.0406% / S −0.0220%	get 0.0028% / 1h	3m 54s	$248K	—	111x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee GMXbpOrdersPrice spread, now +0.105%Rate

Funding earned: $45.76
Price spread: +0.105% → +0.104%: $0.11
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 3.5 bp × 2 orders: −$7
Fee GMX: 6 bp × 2 orders: −$12
Net: $26.88
Costs to cover: 0.190%
Break-even: 2.9 days

Slippage unknown: gTrade (Gains Network): virtual book (oracle venue), 25 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 gTrade (Gains Network) virtual book (oracle venue), 25 min ago	130.01 bp	133.5 bp −$134	196.7 bp −$1,967	1352.9 bp −$135.3K	5907.8 bp −$2.95M
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
Hotstuff GOLD-PERP	−0.0064%	1h	4,343.5	+0.053%	$33K	—	25x	as long as short
SunX XAU-USDT	0.0000%	4h	4,350.2	+0.206%	$92K	$9.1M	20x	as long as short
Gate XAU_USDT	+0.0002%	4h	4,347.4	+0.141%	$264.3M	$417.7M	100x	as long as short
gTrade (Gains Network) XAU/USDlong	L +0.0002% / S −0.0003%	1h	4,341.2	long leg	$266K	—	250x
RISEx XAU/USDC	+0.0010%	1h	4,345.8	+0.105%	$3.4M	$12.3M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,341.6	+0.008%	$13.4M	$38.7M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.212%	$619	$54	52x	as long as short
Aster XAUUSD1	+0.0040%	4h	4,345.7	+0.103%	$70.8M	$334.1M	20x	as long as short
StandX XAU-USD	+0.0040%	1h	4,348	+0.156%	$3.8M	$4.6M	40x	as long as short
Kalshi KXGOLDPERP	+0.0041%	24h	4,344.5	+0.076%	$4.1M	$37.1M	15x	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	4,378.5	+0.859%	—	$1.0M	25x	as long as short
QFEX GOLD-USD	+0.0046%	1h	4,345.5	+0.099%	$5.7M	$2.0M	20x	as long as short
Lighter XAU	+0.0048%	1h	4,344.4	+0.073%	$20.6M	$42.6M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0048%	1h	4,342.3	+0.025%	$2.0M	$4.9M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,342.8	+0.036%	$293.7M	$48.9M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,342.4	+0.027%	$15.1M	$56.7M	25x	as long as short
GRVT XAU_USDT_Perp	+0.0054%	4h	4,350.1	+0.205%	$1.4M	$2.9M	25x	as long as short
Lighter RH XAU	+0.0056%	1h	4,346.4	+0.118%	$20.1M	$39.9M	25x	as long as short
Variational Omni XAU	+0.0057%	4h	4,346	+0.111%	$48.5M	$27.7M	—	as long as short
MEXC XAU_USDT	+0.0074%	4h	4,346	+0.110%	$370.8M	$320.6M	1000x	as long as short
Binance XAUUSDT	+0.0075%	4h	4,346	+0.109%	$410.3M	$2.10B	100x	as long as short
Paradex XAU-USD-PERP	+0.0078%	8h	4,345.9	+0.108%	$19K	$5K	5x	as long as short
edgeX XAUUSDC	+0.0085%	4h	4,343.7	+0.057%	$30.2M	$58.5M	50x	as long as short
Aevo XAU-PERP	+0.0096%	1h	4,344.6	+0.077%	$161K	$87	10x	as long as short
Pacifica XAU	+0.0100%	1h	4,342.5	+0.029%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,347	+0.133%	$275K	$203K	50x	as long as short
Polymarket Perps GOLD-USD	+0.0116%	1h	4,344.3	+0.071%	$4.3M	$1.9M	20x	as long as short
Phoenix GOLD	+0.0136%	1h	4,346	+0.110%	$47K	$77K	25x	as long as short
Bullet GOLD-USD	+0.0192%	1h	4,345.9	+0.108%	$60K	$83K	10x	as long as short
Phemex XAUUSDT	+0.0205%	4h	4,349.1	+0.182%	$2.2M	$1.1M	100x	as long as short
Bybit XAUUSDT	+0.0208%	4h	4,347.2	+0.138%	$84.3M	$145.4M	150x	as long as short
Bitget XAUUSDT	+0.0216%	4h	4,346.5	+0.121%	$70.2M	$109.4M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0261%	8h	4,347.2	+0.138%	$165.3M	$283.2M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0270%	1h	4,342.5	+0.031%	$592K	$133K	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0280%	1h	4,343.6	+0.055%	$268K	$767K	25x	as long as short
BloFin XAU-USDT	+0.0297%	4h	4,347.2	+0.137%	$15.7M	$4.6M	100x	as long as short
Bluefin GOLD-PERP	+0.0386%	1h	4,341.1	−0.004%	$25K	$14K	20x	as long as short
GMX GOLD/USD [ETH-USDC]short	L +0.0406% / S −0.0220%	1h	4,345.8	+0.105%	$248K	—	111x
HTX XAU-USDT	+0.0592%	4h	4,352.1	+0.250%	$2.9M	$4.2M	75x	as long as short