XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0285%/8h= −31.2% APRnext payment −$0.36 per $10,000 · paid last 24h −0.067%

Price spread now: Aevo against GMX−0.018%7-day average −0.021% · you buy dearer than you sell

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

Long on GMX Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.255%−$25 on $10k

Price spread, last 3 days (all we have)+0.010%+$1 · spread now −0.018%, 7d avg −0.021%

Together, before fees−0.245%−$24 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.021%, so right now this pair is about funding alone: −$9 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX GOLD/USD [ETH-USDC]	4,354.4	L +0.0397% / S −0.0205%	pay 0.0050% / 1h	56m 35s	$251K	—	111x
Short	Aevo XAU-PERP	4,353.6	0.0112	get 0.0014% / 1h	56m 35s	$161K	$87	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against GMX. 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 GMXbpFee AevobpOrdersPrice spread, now −0.018%Rate

Funding earned: −$59.79
Price spread: −0.018% → −0.021%: $0.26
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$87.52
Costs to cover: 0.280%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Aevo: live order book, 7 min ago. 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 GMX no order-book sample	—	—	—	—	—
Sell Aevo live order book, 7 min ago	5.99 bp	15.6 bp −$16	26.1 bp −$261	doesn't fit	doesn't fit

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 38 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
Bluefin GOLD-PERP	−0.0244%	1h	4,347.2	−0.167%	$25K	$14K	20x	as long as short
Gate XAU_USDT	0.0000%	4h	4,354.5	0.000%	$262.0M	$404.4M	100x	as long as short
SunX XAU-USDT	0.0000%	4h	4,358.6	+0.095%	$93K	$9.4M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,350.5	−0.090%	$269K	—	250x	as long as short
RISEx XAU/USDC	+0.0010%	1h	4,353.3	−0.027%	$3.4M	$12.4M	25x	as long as short
Lighter XAU	+0.0032%	1h	4,351.8	−0.061%	$20.6M	$41.7M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,349.5	−0.114%	$13.5M	$41.2M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.092%	$619	$54	52x	as long as short
Kalshi KXGOLDPERP	+0.0036%	24h	4,352.3	−0.049%	$4.1M	$36.1M	15x	as long as short
StandX XAU-USD	+0.0040%	1h	4,355.6	+0.027%	$3.8M	$4.6M	40x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest GC-PERP	+0.0046%	1h	4,387.8	+0.766%	—	$1.0M	25x	as long as short
QFEX GOLD-USD	+0.0046%	1h	4,354.1	−0.008%	$5.6M	$1.9M	20x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0048%	1h	4,352.3	−0.049%	$2.0M	$4.9M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,350.4	−0.093%	$293.6M	$49.0M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,349.8	−0.106%	$15.1M	$57.9M	25x	as long as short
Lighter RH XAU	+0.0056%	1h	4,355.1	+0.015%	$20.1M	$39.3M	25x	as long as short
Aster XAUUSD1	+0.0059%	4h	4,353.7	−0.016%	$70.1M	$326.2M	20x	as long as short
Hotstuff GOLD-PERP	+0.0080%	1h	4,349.8	−0.106%	$33K	—	25x	as long as short
Paradex XAU-USD-PERP	+0.0086%	8h	4,353.2	−0.027%	$19K	$5K	5x	as long as short
Pacifica XAU	+0.0100%	1h	4,350.6	−0.088%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,349.6	−0.110%	$275K	$204K	50x	as long as short
Polymarket Perps GOLD-USD	+0.0101%	1h	4,353.4	−0.024%	$4.3M	$1.9M	20x	as long as short
Variational Omni XAU	+0.0105%	4h	4,351.6	−0.064%	$48.2M	$28.0M	—	as long as short
Aevo XAU-PERPshort	+0.0112%	1h	4,353.6	−0.018%	$161K	$87	10x
MEXC XAU_USDT	+0.0118%	4h	4,353.1	−0.032%	$372.8M	$315.2M	1000x	as long as short
edgeX XAUUSDC	+0.0118%	4h	4,346.1	−0.191%	$30.2M	$59.3M	50x	as long as short
Binance XAUUSDT	+0.0119%	4h	4,353.1	−0.032%	$410.8M	$2.09B	100x	as long as short
Phoenix GOLD	+0.0121%	1h	4,351	−0.079%	$47K	$77K	25x	as long as short
GRVT XAU_USDT_Perp	+0.0136%	4h	4,353.3	−0.025%	$1.4M	$3.0M	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0187%	1h	4,352.8	−0.038%	$260K	$700K	25x	as long as short
Bullet GOLD-USD	+0.0190%	1h	4,354.6	+0.004%	$59K	$83K	10x	as long as short
Bybit XAUUSDT	+0.0201%	4h	4,354.1	−0.007%	$84.0M	$144.9M	150x	as long as short
Bitget XAUUSDT	+0.0208%	4h	4,353.2	−0.028%	$69.6M	$109.0M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0248%	8h	4,354	−0.010%	$164.6M	$281.6M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0269%	1h	4,351.4	−0.069%	$594K	$133K	25x	as long as short
Phemex XAUUSDT	+0.0320%	4h	4,355.7	+0.028%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]long	L +0.0397% / S −0.0205%	1h	4,354.4	long leg	$251K	—	111x
HTX XAU-USDT	+0.0609%	4h	4,359.2	+0.109%	$2.9M	$4.2M	75x	as long as short