Funding you earn now, next payment 02:00 UTC−0.0330%/8h= −36.2% APRpaid last 24h −0.008%
Price spread now: GMX against HTX−0.113%7-day average −0.043% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.086%+$9 on $10k
+Price spread, last 3 days (all we have)+0.097%+$10 · spread now −0.113%, 7d avg −0.043%
=Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and GMX is 0.070% cheaper against HTX than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.043%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.086%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.086% in total (about 9.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX XAU-USDT | 4,363.6 | 0.0529 | pay 0.0265% / 4h | 2h 44m | $2.9M | $3.9M | 75x |
| Short | GMX GOLD/USD [ETH-USDC] | 4,358.7 | L +0.0394% / S −0.0199% | get 0.0025% / 1h | 44m 57s | $253K | — | 111x |
HTX XAU-USDT
GMX GOLD/USD [ETH-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against HTX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$69.35
- Price spread: −0.113% → −0.043%
- −$6.97
- Slippage, 4 orders
- no order book: not counted
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$100.32
- Costs to cover
- 0.240%
- Break-even
- never at this rate
Slippage unknown: HTX: live order book, 4 min ago; GMX: 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 HTX live order book, 4 min ago | 0.01 bp | 8.6 bp −$9 | 12.3 bp −$123 | 27.6 bp −$2,756 | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
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 | −0.0346% | 1h | 4,351.5 | −0.278% | $25K | $14K | 20x | as long as short |
| Hotstuff GOLD-PERP | −0.0112% | 1h | 4,355.4 | −0.188% | $33K | — | 25x | as long as short |
| Aster XAUUSD1 | 0.0000% | 4h | 4,358.3 | −0.121% | $69.2M | $274.8M | 20x | as long as short |
| Gate XAU_USDT | 0.0000% | 4h | 4,359.4 | −0.096% | $263.4M | $405.4M | 100x | as long as short |
| Kalshi KXGOLDPERP | 0.0000% | 24h | 4,355.9 | −0.176% | $4.1M | $36.6M | 15x | as long as short |
| SunX XAU-USDT | 0.0000% | 4h | 4,363.2 | −0.008% | $93K | $9.8M | 20x | as long as short |
| gTrade (Gains Network) XAU/USD | L +0.0002% / S −0.0003% | 1h | 4,354.7 | −0.203% | $269K | — | 250x | as long as short |
| Extended XAU-USD | +0.0032% | 1h | 4,354.7 | −0.204% | $13.5M | $43.0M | 25x | as long as short |
| Injective XAU/USDC PERP | +0.0033% | 1h | 4,350.4 | −0.302% | $619 | $54 | 52x | as long as short |
| Lighter XAU | +0.0040% | 1h | 4,357.6 | −0.137% | $20.7M | $43.4M | 25x | as long as short |
Bluefin GOLD-PERP
Hotstuff GOLD-PERP
Aster XAUUSD1
Gate XAU_USDT
Kalshi KXGOLDPERP
SunX XAU-USDT
gTrade (Gains Network) XAU/USD
Extended XAU-USD
Injective XAU/USDC PERP
Lighter XAUShow all 39 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| StandX XAU-USD | +0.0040% | 1h | 4,360.5 | −0.071% | $3.8M | $4.7M | 40x | as long as short |
| Vest GC-PERP | +0.0046% | 1h | 4,392 | +0.651% | — | $1.0M | 25x | as long as short |
| Lighter RH XAU | +0.0048% | 1h | 4,360.1 | −0.081% | $20.1M | $40.7M | 25x | as long as short |
| tradeXYZ xyz:GOLD | +0.0050% | 1h | 4,355.9 | −0.176% | $294.0M | $48.4M | 25x | as long as short |
| Ondo Perps XAU-USD.P | +0.0050% | 1h | 4,355.5 | −0.186% | $14.9M | $57.6M | 25x | as long as short |
| QFEX GOLD-USD | +0.0051% | 1h | 4,357.9 | −0.131% | $5.6M | $1.9M | 20x | as long as short |
| Variational Omni XAU | +0.0053% | 4h | 4,360 | −0.082% | $48.4M | $28.4M | — | as long as short |
| Polymarket Perps GOLD-USD | +0.0057% | 1h | 4,357 | −0.151% | $4.3M | $1.9M | 20x | as long as short |
| Coinbase International GOLD-PERP-INTX | +0.0072% | 1h | 4,355.6 | −0.183% | $2.0M | $5.0M | 25x | as long as short |
| MEXC XAU_USDT | +0.0074% | 4h | 4,358.7 | −0.111% | $372.8M | $320.5M | 1000x | as long as short |
| edgeX XAUUSDC | +0.0076% | 4h | 4,353.6 | −0.228% | $30.3M | $60.7M | 50x | as long as short |
| Binance XAUUSDT | +0.0076% | 4h | 4,357.8 | −0.133% | $410.0M | $2.11B | 100x | as long as short |
| Paradex XAU-USD-PERP | +0.0086% | 8h | 4,358.7 | −0.113% | $19K | $5K | 5x | as long as short |
| Aevo XAU-PERP | +0.0096% | 1h | 4,358.1 | −0.127% | $161K | $87 | 10x | as long as short |
| Pacifica XAU | +0.0100% | 1h | 4,355.1 | −0.195% | $1.4M | $1.2M | 10x | as long as short |
| ApeX Omni XAUUSDT | +0.0100% | 1h | 4,359.3 | −0.100% | $275K | $204K | 50x | as long as short |
| Phoenix GOLD | +0.0121% | 1h | 4,356.7 | −0.158% | $48K | $64K | 25x | as long as short |
| Bitget XAUUSDT | +0.0134% | 4h | 4,358.9 | −0.107% | $69.5M | $110.9M | 100x | as long as short |
| RISEx XAU/USDC | +0.0135% | 1h | 4,357.9 | −0.130% | $3.4M | $12.4M | 25x | as long as short |
| GRVT XAU_USDT_Perp | +0.0138% | 4h | 4,364 | +0.008% | $1.4M | $3.0M | 25x | as long as short |
| Bullet GOLD-USD | +0.0155% | 1h | 4,358.4 | −0.119% | $59K | $83K | 10x | as long as short |
| Bybit XAUUSDT | +0.0179% | 4h | 4,358.7 | −0.113% | $84.2M | $145.2M | 150x | as long as short |
| Deribit GOLD_USDC-PERPETUAL | +0.0186% | 1h | 4,357.3 | −0.144% | $235K | $661K | 25x | as long as short |
| OKX XAU-USDT-SWAP | +0.0221% | 8h | 4,359.2 | −0.101% | $164.8M | $285.9M | 100x | as long as short |
| Kraken Futures PF_XAUUSD | +0.0269% | 1h | 4,355.2 | −0.193% | $594K | $141K | 25x | as long as short |
| BloFin XAU-USDT | +0.0286% | 4h | 4,364.8 | +0.028% | $15.5M | $4.6M | 100x | as long as short |
| Phemex XAUUSDT | +0.0391% | 4h | 4,361.3 | −0.053% | $2.2M | $1.1M | 100x | as long as short |
| GMX GOLD/USD [ETH-USDC]short | L +0.0394% / S −0.0199% | 1h | 4,358.7 | −0.113% | $253K | — | 111x | |
| HTX XAU-USDTlong | +0.0529% | 4h | 4,363.6 | long leg | $2.9M | $3.9M | 75x |
StandX XAU-USD
Vest GC-PERP
Lighter RH XAU
tradeXYZ xyz:GOLD
Ondo Perps XAU-USD.P
QFEX GOLD-USD
Variational Omni XAU
Polymarket Perps GOLD-USD
Coinbase International GOLD-PERP-INTX
MEXC XAU_USDT
edgeX XAUUSDC
Binance XAUUSDT
Paradex XAU-USD-PERP
Aevo XAU-PERP
Pacifica XAU
ApeX Omni XAUUSDT
Phoenix GOLD
Bitget XAUUSDT
RISEx XAU/USDC
GRVT XAU_USDT_Perp
Bullet GOLD-USD
Bybit XAUUSDT
Deribit GOLD_USDC-PERPETUAL
OKX XAU-USDT-SWAP
Kraken Futures PF_XAUUSD
BloFin XAU-USDT
Phemex XAUUSDT