XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0288%/8h= −31.5% APRnext payment −$0.36 per $10,000 · paid last 24h −0.077%

Price spread now: Pacifica against GMX−0.066%7-day average −0.086% · you buy dearer than you sell

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

Long on GMX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.306%−$31 on $10k

Price spread, last 3 days (all we have)−0.063%−$6 · spread now −0.066%, 7d avg −0.086%

Together, before fees−0.369%+ Points / potential airdropPacifica: Active · farm board−$37 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Pacifica is 0.020% dearer against GMX than usual: you sell high and buy low (spread −0.066% now, against its 7-day average of −0.086%): +$2 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 6 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX GOLD/USD [ETH-USDC]	4,355.3	L +0.0388% / S −0.0197%	pay 0.0048% / 1h	20m 11s	$251K	—	111x
Short	Pacifica XAU	4,352.4	0.0100	get 0.0013% / 1h	20m 11s	$1.4M	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against GMX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 PacificabpOrdersPrice spread, now −0.066%Rate

Funding earned: −$60.44
Price spread: −0.066% → −0.086%: $2.02
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$78.41
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Pacifica: live order book, 4 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 Pacifica live order book, 4 min ago	0.12 bp	4.8 bp −$5	doesn't fit	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 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	−0.0175%	1h	4,353.1	−0.050%	$600K	$141K	25x	as long as short
Aster XAUUSD1	0.0000%	4h	4,356.6	+0.031%	$71.4M	$234.2M	20x	as long as short
Binance XAUUSDT	0.0000%	4h	4,355.2	−0.002%	$409.5M	$2.08B	100x	as long as short
Bybit XAUUSDT	0.0000%	4h	4,356.3	+0.024%	$82.6M	$141.2M	150x	as long as short
RISEx XAU/USDC	0.0000%	1h	4,355.3	+0.001%	$3.5M	$12.4M	25x	as long as short
Gate XAU_USDT	0.0000%	4h	4,356.8	+0.035%	$272.1M	$409.7M	100x	as long as short
MEXC XAU_USDT	0.0000%	4h	4,355.2	−0.001%	$378.6M	$352.1M	1000x	as long as short
Bitget XAUUSDT	0.0000%	4h	4,355.3	+0.002%	$67.0M	$109.5M	100x	as long as short
Variational Omni XAU	0.0000%	4h	4,355.2	−0.002%	$48.0M	$31.0M	—	as long as short
GRVT XAU_USDT_Perp	0.0000%	4h	4,355.2	−0.002%	$1.4M	$3.2M	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	4,352.8	−0.057%	$4.0M	$34.4M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,359.5	+0.097%	$93K	$10.7M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,351.9	−0.077%	$267K	—	250x	as long as short
QFEX GOLD-USD	+0.0002%	1h	4,355.2	−0.001%	$5.6M	$1.7M	20x	as long as short
edgeX XAUUSDC	+0.0013%	4h	4,350.6	−0.106%	$30.3M	$58.3M	50x	as long as short
tradeXYZ xyz:GOLD	+0.0014%	1h	4,351.4	−0.089%	$292.8M	$52.9M	25x	as long as short
Hotstuff GOLD-PERP	+0.0016%	1h	4,351.1	−0.096%	$33K	—	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0026%	1h	4,353.5	−0.041%	$235K	$773K	25x	as long as short
Lighter XAU	+0.0032%	1h	4,354.6	−0.015%	$20.9M	$44.4M	25x	as long as short
Lighter RH XAU	+0.0032%	1h	4,356.6	+0.031%	$20.2M	$42.0M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,351.9	−0.078%	$13.0M	$49.4M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.111%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,355.6	+0.008%	$3.8M	$4.7M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,389.5	+0.786%	—	$1.0M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0050%	1h	4,355	−0.006%	$4.3M	$1.7M	20x	as long as short
Paradex XAU-USD-PERP	+0.0050%	8h	4,355.4	+0.002%	$19K	$6K	5x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,351.4	−0.088%	$14.4M	$55.6M	25x	as long as short
Aevo XAU-PERP	+0.0080%	1h	4,354.6	−0.014%	$161K	$87	10x	as long as short
HTX XAU-USDT	+0.0100%	4h	4,358.7	+0.080%	$2.8M	$3.8M	75x	as long as short
Pacifica XAUshort	+0.0100%	1h	4,352.4	−0.066%	$1.4M	$1.2M	10x
ApeX Omni XAUUSDT	+0.0100%	1h	4,352.3	−0.069%	$273K	$204K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,348.5	−0.155%	$26K	$21K	20x	as long as short
Bullet GOLD-USD	+0.0102%	1h	4,355.3	+0.001%	$60K	$85K	10x	as long as short
Phoenix GOLD	+0.0109%	1h	4,351.7	−0.082%	$48K	$65K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0157%	8h	4,356.7	+0.033%	$158.9M	$267.0M	100x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0208%	1h	4,351.8	−0.080%	$2.0M	$5.1M	25x	as long as short
BloFin XAU-USDT	+0.0240%	4h	4,355.7	+0.010%	$14.8M	$4.3M	100x	as long as short
Phemex XAUUSDT	+0.0312%	4h	4,358.1	+0.065%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]long	L +0.0388% / S −0.0197%	1h	4,355.3	long leg	$251K	—	111x