XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0458%/8h= −50.2% APRnext payment −$0.57 per $10,000 · paid last 24h −0.106%

Price spread now: gTrade (Gains Network) against GMX−0.083%7-day average −0.103% · you buy dearer than you sell

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

Long on GMX Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.366%−$37 on $10k

Price spread, last 4 days (all we have)−0.022%−$2 · spread now −0.083%, 7d avg −0.103%

Together, before fees−0.388%−$39 on $10k · with fees, hour by hour

The price spread pays, funding is against you. gTrade (Gains Network) is 0.021% dearer against GMX than usual: you sell high and buy low (spread −0.083% now, against its 7-day average of −0.103%): +$2 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 4 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX GOLD/USD [ETH-USDC]	4,332.9	L +0.0461% / S −0.0304%	pay 0.0058% / 1h	5m 20s	$253K	—	111x
Short	gTrade (Gains Network) XAU/USD	4,329.4	L +0.0002% / S −0.0003%	get 0.0000% / 1h	5m 20s	$271K	—	250x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.083%Rate

Funding earned: −$96.21
Price spread: −0.083% → −0.103%: $2.06
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 3.5 bp × 2 orders: −$7
Net: −$113.15
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; gTrade (Gains Network): virtual book (oracle venue), 9 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 gTrade (Gains Network) virtual book (oracle venue), 9 min ago	130.01 bp	133.5 bp −$134	243.0 bp −$2,430	1975.4 bp −$197.5K	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 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
SunX XAU-USDT	0.0000%	4h	4,336.1	+0.073%	$92K	$8.1M	20x	as long as short
gTrade (Gains Network) XAU/USDshort	L +0.0002% / S −0.0003%	1h	4,329.4	−0.083%	$271K	—	250x
Bybit XAUUSDT	+0.0004%	4h	4,333.2	+0.007%	$78.4M	$156.4M	150x	as long as short
Extended XAU-USD	+0.0032%	1h	4,329.2	−0.087%	$13.1M	$36.7M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.404%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,337.3	+0.101%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0044%	1h	4,332.6	−0.008%	$5.4M	$2.1M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,366.4	+0.773%	—	$1.0M	25x	as long as short
Lighter XAU	+0.0048%	1h	4,331.7	−0.029%	$20.4M	$31.8M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,329.7	−0.074%	$292.0M	$51.6M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps XAU-USD.P	+0.0050%	1h	4,329.5	−0.080%	$15.0M	$56.4M	25x	as long as short
RISEx XAU/USDC	+0.0054%	1h	4,334.5	+0.037%	$3.8M	$12.5M	25x	as long as short
Gate XAU_USDT	+0.0062%	4h	4,334.6	+0.038%	$270.9M	$419.3M	100x	as long as short
Kalshi KXGOLDPERP	+0.0064%	24h	4,334.5	+0.036%	$4.0M	$42.3M	15x	as long as short
Paradex XAU-USD-PERP	+0.0070%	8h	4,333.5	+0.012%	$19K	$5K	5x	as long as short
Lighter RH XAU	+0.0072%	1h	4,334	+0.024%	$19.9M	$39.0M	25x	as long as short
Hotstuff GOLD-PERP	+0.0072%	1h	4,330.5	−0.056%	$32K	—	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,332	−0.021%	$2.0M	$4.8M	25x	as long as short
Aster XAUUSD1	+0.0093%	4h	4,333.9	+0.022%	$72.4M	$329.7M	20x	as long as short
GRVT XAU_USDT_Perp	+0.0098%	4h	4,336.1	+0.073%	$1.4M	$3.0M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,330.2	−0.063%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,333.2	+0.005%	$273K	$208K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,326.7	−0.143%	$25K	$14K	20x	as long as short
Variational Omni XAU	+0.0101%	4h	4,334.6	+0.038%	$46.8M	$28.7M	—	as long as short
Binance XAUUSDT	+0.0109%	4h	4,332.9	−0.001%	$414.2M	$2.12B	100x	as long as short
MEXC XAU_USDT	+0.0110%	4h	4,332.9	0.000%	$363.6M	$331.2M	1000x	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,332.5	−0.010%	$160K	$87	10x	as long as short
edgeX XAUUSDC	+0.0121%	4h	4,331.7	−0.029%	$30.1M	$60.5M	50x	as long as short
Phoenix GOLD	+0.0127%	1h	4,332.8	−0.003%	$47K	$77K	25x	as long as short
Bullet GOLD-USD	+0.0159%	1h	4,333.1	+0.004%	$59K	$82K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0175%	1h	4,333	+0.002%	$4.2M	$2.0M	20x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0212%	1h	4,331.3	−0.038%	$195K	$826K	25x	as long as short
HTX XAU-USDT	+0.0222%	4h	4,336.6	+0.085%	$2.8M	$5.0M	75x	as long as short
Kraken Futures PF_XAUUSD	+0.0247%	1h	4,329.6	−0.076%	$590K	$130K	25x	as long as short
Bitget XAUUSDT	+0.0248%	4h	4,332.6	−0.007%	$68.1M	$118.9M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0328%	8h	4,333	+0.002%	$170.5M	$297.2M	100x	as long as short
Phemex XAUUSDT	+0.0370%	4h	4,334.2	+0.030%	$2.2M	$962K	100x	as long as short
BloFin XAU-USDT	+0.0381%	4h	4,332.4	−0.013%	$16.0M	$4.5M	100x	as long as short
GMX GOLD/USD [ETH-USDC]long	L +0.0461% / S −0.0304%	1h	4,332.9	long leg	$253K	—	111x