Funding you earn now, next payment 06:00 UTC−0.0322%/8h= −35.2% APRpaid last 24h −0.062%
Price spread now: gTrade (Gains Network) against OKX−0.082%7-day average −0.112% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$274as in the Price arb table
costs, in and out, $10k−$2772.774% of the position
Funding, last 3 days (all we have)−0.070%−$7 on $10k
+Price spread, last 4 days (all we have)+0.059%+$6 · spread now −0.082%, 7d avg −0.112%
=The price spread pays, funding is against you. gTrade (Gains Network) is 0.030% dearer against OKX than usual: you sell high and buy low (spread −0.082% now, against its 7-day average of −0.112%): +$3 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 7 hours. At the pace of the last 3 days (−0.070% in total) that is about 35 hours.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.070% in total (about -7.5% 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 | OKX XAU-USDT-SWAP | 4,332.5 | 0.0325 | pay 0.0325% / 8h | 2h 04m | $170.5M | $297.2M | 100x |
| Short | gTrade (Gains Network) XAU/USD | 4,329 | L +0.0002% / S −0.0003% | get 0.0000% / 1h | 4m 08s | $271K | — | 250x |
OKX XAU-USDT-SWAP
gTrade (Gains Network) XAU/USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
gTrade (Gains Network) against OKX. 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
- −$67.58
- Price spread: −0.082% → −0.112%
- $3
- Slippage, 4 orders
- −$260.37
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee gTrade (Gains Network): 3.5 bp × 2 orders
- −$7
- Net
- −$341.95
- Costs to cover
- 2.774%
- Break-even
- never at this rate
Slippage from OKX: live order book, 5 min ago; gTrade (Gains Network): virtual book (oracle venue), 10 min ago.
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 OKX live order book, 5 min ago | 0.12 bp | 5.2 bp −$5 | 5.7 bp −$57 | 8.3 bp −$833 | 17.0 bp −$8,497 |
| Sell gTrade (Gains Network) virtual book (oracle venue), 10 min ago | 130.01 bp | 133.5 bp −$134 | 243.0 bp −$2,430 | 1975.4 bp −$197.5K | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit XAUUSDT | 0.0000% | 4h | 4,333 | +0.012% | $78.4M | $156.3M | 150x | as long as short |
| SunX XAU-USDT | 0.0000% | 4h | 4,335.9 | +0.079% | $92K | $8.1M | 20x | as long as short |
| gTrade (Gains Network) XAU/USDshort | L +0.0002% / S −0.0003% | 1h | 4,329 | −0.082% | $271K | — | 250x | |
| Extended XAU-USD | +0.0032% | 1h | 4,328.8 | −0.085% | $13.1M | $36.7M | 25x | as long as short |
| Injective XAU/USDC PERP | +0.0033% | 1h | 4,350.4 | +0.414% | $619 | $54 | 52x | as long as short |
| StandX XAU-USD | +0.0040% | 1h | 4,334.9 | +0.055% | $3.8M | $4.5M | 40x | as long as short |
| QFEX GOLD-USD | +0.0044% | 1h | 4,331.2 | −0.030% | $5.4M | $2.1M | 20x | as long as short |
| Vest GC-PERP | +0.0046% | 1h | 4,365.2 | +0.755% | — | $1.0M | 25x | as long as short |
| Lighter XAU | +0.0048% | 1h | 4,331.6 | −0.020% | $20.4M | $31.8M | 25x | as long as short |
| tradeXYZ xyz:GOLD | +0.0050% | 1h | 4,328.7 | −0.088% | $291.9M | $51.6M | 25x | as long as short |
Bybit XAUUSDT
SunX XAU-USDT
Extended XAU-USD
Injective XAU/USDC PERP
StandX XAU-USD
QFEX GOLD-USD
Vest GC-PERP
Lighter XAU
tradeXYZ xyz:GOLDShow all 39 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps XAU-USD.P | +0.0050% | 1h | 4,327.6 | −0.112% | $15.0M | $56.4M | 25x | as long as short |
| RISEx XAU/USDC | +0.0054% | 1h | 4,333.2 | +0.016% | $3.8M | $12.5M | 25x | as long as short |
| Gate XAU_USDT | +0.0062% | 4h | 4,333.8 | +0.029% | $270.7M | $419.7M | 100x | as long as short |
| Hotstuff GOLD-PERP | +0.0064% | 1h | 4,328.8 | −0.085% | $32K | — | 25x | as long as short |
| Kalshi KXGOLDPERP | +0.0065% | 24h | 4,333 | +0.012% | $3.9M | $42.3M | 15x | as long as short |
| Paradex XAU-USD-PERP | +0.0070% | 8h | 4,331.9 | −0.013% | $19K | $5K | 5x | as long as short |
| Lighter RH XAU | +0.0072% | 1h | 4,333.9 | +0.033% | $19.9M | $39.0M | 25x | as long as short |
| Coinbase International GOLD-PERP-INTX | +0.0072% | 1h | 4,328.2 | −0.099% | $2.0M | $4.8M | 25x | as long as short |
| Aster XAUUSD1 | +0.0091% | 4h | 4,333.2 | +0.017% | $72.4M | $329.7M | 20x | as long as short |
| GRVT XAU_USDT_Perp | +0.0098% | 4h | 4,336.1 | +0.083% | $1.4M | $3.0M | 25x | as long as short |
| Pacifica XAU | +0.0100% | 1h | 4,328.3 | −0.097% | $1.4M | $1.2M | 10x | as long as short |
| ApeX Omni XAUUSDT | +0.0100% | 1h | 4,333.2 | +0.015% | $273K | $208K | 50x | as long as short |
| Bluefin GOLD-PERP | +0.0100% | 1h | 4,326.3 | −0.144% | $25K | $14K | 20x | as long as short |
| Variational Omni XAU | +0.0101% | 4h | 4,334.6 | +0.048% | $46.8M | $28.7M | — | as long as short |
| Binance XAUUSDT | +0.0107% | 4h | 4,332.2 | −0.007% | $414.2M | $2.12B | 100x | as long as short |
| MEXC XAU_USDT | +0.0108% | 4h | 4,332.5 | −0.001% | $364.6M | $331.5M | 1000x | as long as short |
| Aevo XAU-PERP | +0.0112% | 1h | 4,331.2 | −0.030% | $160K | $87 | 10x | as long as short |
| edgeX XAUUSDC | +0.0121% | 4h | 4,331.7 | −0.019% | $30.1M | $60.5M | 50x | as long as short |
| Phoenix GOLD | +0.0127% | 1h | 4,332.8 | +0.007% | $47K | $77K | 25x | as long as short |
| Bullet GOLD-USD | +0.0158% | 1h | 4,332.3 | −0.005% | $59K | $82K | 10x | as long as short |
| Polymarket Perps GOLD-USD | +0.0174% | 1h | 4,332 | −0.012% | $4.2M | $2.0M | 20x | as long as short |
| Deribit GOLD_USDC-PERPETUAL | +0.0212% | 1h | 4,331.2 | −0.030% | $195K | $826K | 25x | as long as short |
| HTX XAU-USDT | +0.0216% | 4h | 4,334.8 | +0.052% | $2.8M | $5.0M | 75x | as long as short |
| Bitget XAUUSDT | +0.0246% | 4h | 4,332.7 | +0.005% | $68.1M | $119.0M | 100x | as long as short |
| Kraken Futures PF_XAUUSD | +0.0247% | 1h | 4,328.8 | −0.085% | $589K | $130K | 25x | as long as short |
| OKX XAU-USDT-SWAPlong | +0.0325% | 8h | 4,332.5 | long leg | $170.5M | $297.2M | 100x | |
| BloFin XAU-USDT | +0.0381% | 4h | 4,332.4 | −0.003% | $16.0M | $4.5M | 100x | as long as short |
| Phemex XAUUSDT | +0.0382% | 4h | 4,334.6 | +0.049% | $2.2M | $962K | 100x | as long as short |
| GMX GOLD/USD [ETH-USDC] | L +0.0462% / S −0.0305% | 1h | 4,332.4 | −0.003% | $253K | — | 111x | as long as short |
Ondo Perps XAU-USD.P
RISEx XAU/USDC
Gate XAU_USDT
Hotstuff GOLD-PERP
Kalshi KXGOLDPERP
Paradex XAU-USD-PERP
Lighter RH XAU
Coinbase International GOLD-PERP-INTX
Aster XAUUSD1
GRVT XAU_USDT_Perp
Pacifica XAU
ApeX Omni XAUUSDT
Bluefin GOLD-PERP
Variational Omni XAU
Binance XAUUSDT
MEXC XAU_USDT
Aevo XAU-PERP
edgeX XAUUSDC
Phoenix GOLD
Bullet GOLD-USD
Polymarket Perps GOLD-USD
Deribit GOLD_USDC-PERPETUAL
HTX XAU-USDT
Bitget XAUUSDT
Kraken Futures PF_XAUUSD
BloFin XAU-USDT
Phemex XAUUSDT
GMX GOLD/USD [ETH-USDC]