XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0082%/8h= +9.0% APRnext payment +$0.10 per $10,000 · paid last 24h −0.016%

Price spread now: GMX against Kraken Futures+0.056%7-day average +0.074% · you sell dearer than you buy

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

Long on Kraken Futures Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.018%−$2 on $10k

Price spread, last 4 days (all we have)+0.021%+$2 · spread now +0.056%, 7d avg +0.074%

Together, before fees+0.003%$0 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.074%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_XAUUSD	4,304.3	0.0229	pay 0.0029% / 1h	4m 55s	$573K	$138K	25x
Short	GMX GOLD/USD [ETH-USDC]	4,306.7	L +0.0464% / S −0.0311%	get 0.0039% / 1h	4m 55s	$253K	—	111x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Kraken Futures. 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 Kraken FuturesbpFee GMXbpOrdersPrice spread, now +0.056%Rate

Funding earned: $17.19
Price spread: +0.056% → +0.074%: −$1.74
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$6.54
Costs to cover: 0.220%
Break-even: 9.7 days

Slippage unknown: Kraken Futures: live order book, 33 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 Kraken Futures live order book, 33 min ago	2.53 bp	8.4 bp −$8	12.4 bp −$124	doesn't fit	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
SunX XAU-USDT	0.0000%	4h	4,311	+0.157%	$92K	$7.0M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,302.9	−0.031%	$268K	—	250x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+1.073%	$619	$54	52x	as long as short
QFEX GOLD-USD	+0.0045%	1h	4,305.2	+0.022%	$6.3M	$3.1M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,338.9	+0.805%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,303.4	−0.020%	$289.7M	$52.9M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,303.5	−0.019%	$15.0M	$55.3M	25x	as long as short
Hotstuff GOLD-PERP	+0.0056%	1h	4,302.6	−0.038%	$32K	—	25x	as long as short
Aster XAUUSD1	+0.0057%	4h	4,307.5	+0.074%	$72.8M	$272.0M	20x	as long as short
Paradex XAU-USD-PERP	+0.0062%	8h	4,305.5	+0.030%	$2K	$14K	5x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit XAUUSDT	+0.0071%	4h	4,307.1	+0.065%	$77.2M	$155.5M	150x	as long as short
Lighter XAU	+0.0072%	1h	4,305.6	+0.032%	$20.2M	$30.2M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,301.8	−0.057%	$2.0M	$5.1M	25x	as long as short
Bluefin GOLD-PERP	+0.0076%	1h	4,302.3	−0.046%	$25K	$1K	20x	as long as short
Phoenix GOLD	+0.0096%	1h	4,305.5	+0.029%	$42K	$79K	25x	as long as short
Kalshi KXGOLDPERP	+0.0100%	24h	4,308	+0.087%	$3.7M	$45.4M	15x	as long as short
Pacifica XAU	+0.0100%	1h	4,303.3	−0.022%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,304	−0.007%	$269K	$214K	50x	as long as short
Variational Omni XAU	+0.0101%	4h	4,306.5	+0.053%	$46.7M	$29.3M	—	as long as short
Lighter RH XAU	+0.0104%	1h	4,308.1	+0.089%	$19.9M	$40.3M	25x	as long as short
Extended XAU-USD	+0.0104%	1h	4,302.2	−0.048%	$13.2M	$36.6M	25x	as long as short
MEXC XAU_USDT	+0.0110%	4h	4,306.3	+0.048%	$366.0M	$341.9M	1000x	as long as short
Binance XAUUSDT	+0.0111%	4h	4,306.2	+0.046%	$428.9M	$2.16B	100x	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,306.5	+0.052%	$159K	$87	10x	as long as short
GRVT XAU_USDT_Perp	+0.0114%	4h	4,308	+0.086%	$1.4M	$3.0M	25x	as long as short
Gate XAU_USDT	+0.0116%	4h	4,308.5	+0.099%	$286.5M	$431.7M	100x	as long as short
edgeX XAUUSDC	+0.0130%	4h	4,304.2	−0.002%	$29.9M	$60.3M	50x	as long as short
StandX XAU-USD	+0.0136%	1h	4,310	+0.133%	$3.8M	$4.5M	40x	as long as short
Bitget XAUUSDT	+0.0190%	4h	4,306	+0.041%	$70.4M	$121.5M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0191%	1h	4,305.8	+0.036%	$136K	$865K	25x	as long as short
Bullet GOLD-USD	+0.0199%	1h	4,307.2	+0.068%	$59K	$81K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0222%	1h	4,307.2	+0.068%	$4.3M	$1.8M	20x	as long as short
Kraken Futures PF_XAUUSDlong	+0.0229%	1h	4,304.3	long leg	$573K	$138K	25x
OKX XAU-USDT-SWAP	+0.0261%	8h	4,306	+0.041%	$174.2M	$307.4M	100x	as long as short
BloFin XAU-USDT	+0.0369%	4h	4,306.5	+0.051%	$16.6M	$5.0M	100x	as long as short
GMX GOLD/USD [ETH-USDC]short	L +0.0464% / S −0.0311%	1h	4,306.7	+0.056%	$253K	—	111x
Phemex XAUUSDT	+0.0497%	4h	4,311	+0.158%	$2.2M	$951K	100x	as long as short
HTX XAU-USDT	+0.0544%	4h	4,313.3	+0.211%	$3.2M	$6.1M	75x	as long as short
RISEx XAU/USDC	+0.0643%	1h	4,306.7	+0.057%	$4.5M	$13.1M	25x	as long as short