XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0344%/8h= −37.6% APRnext payment −$0.43 per $10,000 · paid last 24h −0.091%

Price spread now: Hotstuff against GMX−0.051%7-day average — · you buy dearer than you sell

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

Long on GMX Short on Hotstuff

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHotstuff: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Hotstuff is 0.051% cheaper against GMX than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX GOLD/USD [ETH-USDC]	4,341.7	L +0.0496% / S −0.0311%	pay 0.0062% / 1h	6m 30s	$251K	—	29x
Short	Hotstuff GOLD-PERP	4,339.5	0.0152	get 0.0019% / 1h	6m 30s	$33K	—	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff 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 HotstuffbpOrdersPrice spread, now −0.051%Rate

Funding earned: −$72.15
Price spread: −0.051% → 0.000%: −$5.12
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$94.27
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Hotstuff: 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 GMX no order-book sample	—	—	—	—	—
Sell Hotstuff no order-book sample	—	—	—	—	—

GMX and Hotstuff: 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	−0.0500%	1h	4,334.7	−0.162%	$26K	$21K	20x	as long as short
Aster XAUUSD1	0.0000%	4h	4,344.7	+0.069%	$71.1M	$241.0M	20x	as long as short
Binance XAUUSDT	0.0000%	4h	4,341.8	+0.002%	$411.2M	$2.12B	100x	as long as short
Bybit XAUUSDT	0.0000%	4h	4,342.1	+0.007%	$82.6M	$144.9M	150x	as long as short
Gate XAU_USDT	0.0000%	4h	4,342.6	+0.021%	$273.1M	$413.5M	100x	as long as short
MEXC XAU_USDT	0.0000%	4h	4,341.4	−0.008%	$372.3M	$350.7M	1000x	as long as short
Bitget XAUUSDT	0.0000%	4h	4,342.4	+0.016%	$67.1M	$114.1M	100x	as long as short
GRVT XAU_USDT_Perp	0.0000%	4h	4,342.1	+0.009%	$1.4M	$3.3M	25x	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,340.5	−0.028%	$3.9M	$34.1M	15x	as long as short
Bullet GOLD-USD	0.0000%	1h	4,342	+0.006%	$59K	$84K	10x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX XAU-USDT	0.0000%	4h	4,346.2	+0.103%	$92K	$10.9M	20x	as long as short
HTX XAU-USDT	0.0000%	4h	4,346.2	+0.103%	$2.8M	$3.8M	75x	as long as short
Variational Omni XAU	+0.0016%	4h	4,342	+0.007%	$47.8M	$34.0M	—	as long as short
edgeX XAUUSDC	+0.0017%	4h	4,338.3	−0.079%	$30.2M	$58.0M	50x	as long as short
Lighter XAU	+0.0032%	1h	4,340.8	−0.022%	$20.7M	$46.8M	25x	as long as short
Lighter RH XAU	+0.0032%	1h	4,343.3	+0.037%	$20.2M	$45.1M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,343.6	+0.043%	$13.2M	$50.9M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.200%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,343.2	+0.034%	$3.8M	$4.7M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,382	+0.928%	—	$995K	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,339.5	−0.051%	$293.0M	$52.6M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0050%	1h	4,341.3	−0.010%	$4.3M	$2.3M	20x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,341.1	−0.015%	$14.4M	$54.6M	25x	as long as short
Paradex XAU-USD-PERP	+0.0051%	8h	4,342.1	+0.008%	$19K	$6K	5x	as long as short
QFEX GOLD-USD	+0.0052%	1h	4,342.5	+0.018%	$5.5M	$1.9M	20x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,338.9	−0.065%	$2.0M	$5.2M	25x	as long as short
Aevo XAU-PERP	+0.0080%	1h	4,341.8	+0.001%	$161K	$87	10x	as long as short
Pacifica XAU	+0.0100%	1h	4,341.2	−0.013%	$1.4M	$1.3M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,343.2	+0.035%	$272K	$204K	50x	as long as short
BloFin XAU-USDT	+0.0108%	4h	4,342.1	+0.008%	$14.8M	$4.3M	100x	as long as short
Phoenix GOLD	+0.0109%	1h	4,343.4	+0.039%	$47K	$69K	25x	as long as short
Hotstuff GOLD-PERPshort	+0.0152%	1h	4,339.5	−0.051%	$33K	—	25x
OKX XAU-USDT-SWAP	+0.0187%	8h	4,341.8	+0.002%	$157.9M	$275.1M	100x	as long as short
RISEx XAU/USDC	+0.0190%	1h	4,342	+0.007%	$3.4M	$12.6M	25x	as long as short
Kraken Futures PF_XAUUSD	+0.0333%	1h	4,339	−0.062%	$599K	$140K	25x	as long as short
Phemex XAUUSDT	+0.0412%	4h	4,344.8	+0.071%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]long	L +0.0496% / S −0.0311%	1h	4,341.7	long leg	$251K	—	29x
Deribit GOLD_USDC-PERPETUAL	+0.0696%	1h	4,339.7	−0.047%	$221K	$883K	25x	as long as short