XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0397%/8h= −43.4% APRnext payment −$0.50 per $10,000 · paid last 24h −0.076%

Price spread now: RISEx against GMX−0.166%46s7-day average +0.005% · you buy dearer than you sell

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

Long on GMX Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.301%−$30 on $10k

Price spread, last 4 days (all we have)+0.148%+$15 · spread now −0.166%, 7d avg +0.005%

Together, before fees−0.153%−$15 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and RISEx is 0.171% cheaper against GMX than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of +0.005%). Swap the legs. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX GOLD/USD [ETH-USDC]	4,328.6	L +0.0451% / S −0.0289%	pay 0.0056% / 1h	23m 26s	$249K	—	111x
Short	RISEx XAU/USDC	4,321.4	0.0054	get 0.0007% / 1h	23m 26s	$3.9M	$12.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now −0.166%Rate

Funding earned: −$83.28
Price spread: −0.166% → +0.005%: −$17.07
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$118.35
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; RISEx: live order book, 1 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 RISEx live order book, 1 min ago	0.74 bp	3.7 bp −$4	5.3 bp −$53	112.2 bp −$11.2K	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
Bluefin GOLD-PERP	−0.0016%	1h	4,321	−0.174%	$25K	$14K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,331.5	+0.067%	$92K	$8.3M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,318.2	−0.240%	$270K	—	250x	as long as short
Extended XAU-USD	+0.0032%	1h	4,318.5	−0.233%	$13.1M	$37.1M	25x	as long as short
Bybit XAUUSDT	+0.0033%	4h	4,322.2	−0.147%	$78.3M	$156.1M	150x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.505%	$619	$54	52x	as long as short
Lighter XAU	+0.0040%	1h	4,321.9	−0.154%	$20.5M	$31.3M	25x	as long as short
StandX XAU-USD	+0.0040%	1h	4,329.5	+0.022%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0044%	1h	4,319.5	−0.209%	$5.4M	$2.1M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,355.6	+0.625%	—	$1.0M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:GOLD	+0.0050%	1h	4,317.8	−0.248%	$291.0M	$51.4M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,316.9	−0.269%	$15.0M	$56.6M	25x	as long as short
RISEx XAU/USDCshort	+0.0054%	1h	4,321.4	−0.166%	$3.9M	$12.5M	25x
Kalshi KXGOLDPERP	+0.0059%	24h	4,329.1	+0.013%	$4.0M	$41.0M	15x	as long as short
Gate XAU_USDT	+0.0062%	4h	4,323.2	−0.124%	$270.5M	$409.0M	100x	as long as short
Paradex XAU-USD-PERP	+0.0071%	8h	4,322.8	−0.132%	$19K	$5K	5x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,325	−0.082%	$2.1M	$4.7M	25x	as long as short
Lighter RH XAU	+0.0088%	1h	4,323	−0.129%	$19.9M	$38.8M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,319.3	−0.213%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,329.7	+0.026%	$276K	$204K	50x	as long as short
Aster XAUUSD1	+0.0105%	4h	4,322.8	−0.134%	$71.4M	$332.2M	20x	as long as short
Variational Omni XAU	+0.0111%	4h	4,332	+0.079%	$48.3M	$27.4M	—	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,327.1	−0.033%	$160K	$87	10x	as long as short
Binance XAUUSDT	+0.0117%	4h	4,320.6	−0.183%	$413.7M	$2.16B	100x	as long as short
MEXC XAU_USDT	+0.0118%	4h	4,321.1	−0.173%	$359.6M	$326.1M	1000x	as long as short
GRVT XAU_USDT_Perp	+0.0118%	4h	4,330.9	+0.053%	$1.4M	$2.9M	25x	as long as short
edgeX XAUUSDC	+0.0120%	4h	4,324.5	−0.094%	$30.1M	$59.3M	50x	as long as short
Phoenix GOLD	+0.0127%	1h	4,331.3	+0.063%	$47K	$77K	25x	as long as short
Hotstuff GOLD-PERP	+0.0152%	1h	4,320.6	−0.184%	$32K	—	25x	as long as short
Bullet GOLD-USD	+0.0157%	1h	4,321.4	−0.164%	$59K	$81K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0169%	1h	4,321.7	−0.158%	$4.2M	$2.0M	20x	as long as short
Kraken Futures PF_XAUUSD	+0.0248%	1h	4,324.3	−0.099%	$589K	$130K	25x	as long as short
HTX XAU-USDT	+0.0253%	4h	4,330	+0.034%	$2.7M	$4.8M	75x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0259%	1h	4,325.9	−0.061%	$199K	$827K	25x	as long as short
Bitget XAUUSDT	+0.0274%	4h	4,321.2	−0.171%	$69.6M	$116.7M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0336%	8h	4,322.4	−0.142%	$169.5M	$297.1M	100x	as long as short
BloFin XAU-USDT	+0.0362%	4h	4,333.4	+0.112%	$16.1M	$4.4M	100x	as long as short
Phemex XAUUSDT	+0.0417%	4h	4,330.5	+0.044%	$2.2M	$961K	100x	as long as short
GMX GOLD/USD [ETH-USDC]long	L +0.0451% / S −0.0289%	1h	4,328.6	long leg	$249K	—	111x