Funding you earn now, next payment 08:00 UTC−0.0233%/8h= −25.5% APRnext payment −$0.29 per $10,000 · paid last 24h −0.075%
Price spread now: gTrade (Gains Network) against Deribit−0.019%67s7-day average −0.063% · 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—prices read too far apart to compare
costs, in and out, $10k−$2792.791% of the position
Funding, last 3 days (all we have)−0.783%−$78 on $10k
+Price spread, last 4 days (all we have)−0.043%−$4 · spread now −0.019%, 7d avg −0.063%
=The price spread pays, funding is against you. gTrade (Gains Network) is 0.044% dearer against Deribit than usual: you sell high and buy low (spread −0.019% now, against its 7-day average of −0.063%): +$4 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 15 hours. At the pace of the last 3 days (−0.783% in total) that is about 5 hours. The two prices were read 67 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 | Deribit GOLD_USDC-PERPETUAL | 4,322.4 | 0.0236 | pay 0.0030% / 1h | 32m 20s | $163K | $872K | 25x |
| Short | gTrade (Gains Network) XAU/USD | 4,321.6 | L +0.0002% / S −0.0003% | get 0.0000% / 1h | 32m 20s | $270K | — | 250x |
Deribit GOLD_USDC-PERPETUAL
gTrade (Gains Network) XAU/USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
gTrade (Gains Network) against Deribit. 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
- −$48.92
- Price spread: −0.019% → −0.063%
- $4.39
- Slippage, 4 orders
- −$265.06
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee gTrade (Gains Network): 3.5 bp × 2 orders
- −$7
- Net
- −$323.59
- Costs to cover
- 2.791%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 7 min ago; gTrade (Gains Network): virtual book (oracle venue), 37 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 Deribit live order book, 7 min ago | 0.12 bp | 3.6 bp −$4 | 4.8 bp −$48 | doesn't fit | doesn't fit |
| Sell gTrade (Gains Network) virtual book (oracle venue), 37 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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff GOLD-PERP | −0.0096% | 1h | 4,322.5 | +0.002% | $32K | — | 25x | as long as short |
| Bluefin GOLD-PERP | −0.0086% | 1h | 4,318.6 | −0.088% | $25K | $1K | 20x | as long as short |
| SunX XAU-USDT | 0.0000% | 4h | 4,328.4 | +0.138% | $92K | $7.3M | 20x | as long as short |
| gTrade (Gains Network) XAU/USDshort | L +0.0002% / S −0.0003% | 1h | 4,321.6 | −0.019% | $270K | — | 250x | |
| Injective XAU/USDC PERP | +0.0033% | 1h | 4,350.4 | +0.648% | $619 | $54 | 52x | as long as short |
| StandX XAU-USD | +0.0040% | 1h | 4,327.2 | +0.111% | $3.8M | $4.5M | 40x | as long as short |
| QFEX GOLD-USD | +0.0045% | 1h | 4,323.3 | +0.021% | $5.4M | $2.0M | 20x | as long as short |
| Vest GC-PERP | +0.0046% | 1h | 4,356.6 | +0.791% | — | $1.0M | 25x | as long as short |
| tradeXYZ xyz:GOLD | +0.0050% | 1h | 4,321 | −0.032% | $291.7M | $51.5M | 25x | as long as short |
| Ondo Perps XAU-USD.P | +0.0050% | 1h | 4,320.5 | −0.043% | $15.0M | $55.6M | 25x | as long as short |
Hotstuff GOLD-PERP
Bluefin GOLD-PERP
SunX XAU-USDT
Injective XAU/USDC PERP
StandX XAU-USD
QFEX GOLD-USD
Vest GC-PERP
tradeXYZ xyz:GOLD
Ondo Perps XAU-USD.PShow all 39 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit XAUUSDT | +0.0053% | 4h | 4,325.4 | +0.069% | $77.6M | $152.8M | 150x | as long as short |
| Aster XAUUSD1 | +0.0057% | 4h | 4,325.8 | +0.079% | $72.9M | $272.0M | 20x | as long as short |
| Lighter XAU | +0.0064% | 1h | 4,323 | +0.014% | $20.5M | $29.4M | 25x | as long as short |
| Paradex XAU-USD-PERP | +0.0065% | 8h | 4,323.9 | +0.036% | $2K | $14K | 5x | as long as short |
| Coinbase International GOLD-PERP-INTX | +0.0072% | 1h | 4,320.5 | −0.044% | $2.1M | $4.8M | 25x | as long as short |
| Variational Omni XAU | +0.0089% | 4h | 4,324.9 | +0.058% | $47.2M | $29.3M | — | as long as short |
| Kalshi KXGOLDPERP | +0.0093% | 24h | 4,325.7 | +0.076% | $3.8M | $44.6M | 15x | as long as short |
| Phoenix GOLD | +0.0096% | 1h | 4,323.3 | +0.021% | $47K | $79K | 25x | as long as short |
| Pacifica XAU | +0.0100% | 1h | 4,321 | −0.033% | $1.4M | $1.2M | 10x | as long as short |
| MEXC XAU_USDT | +0.0100% | 4h | 4,324.3 | +0.044% | $362.9M | $327.8M | 1000x | as long as short |
| GRVT XAU_USDT_Perp | +0.0100% | 4h | 4,326.8 | +0.101% | $1.4M | $3.0M | 25x | as long as short |
| ApeX Omni XAUUSDT | +0.0100% | 1h | 4,322.7 | +0.007% | $272K | $208K | 50x | as long as short |
| Binance XAUUSDT | +0.0101% | 4h | 4,324.2 | +0.043% | $425.0M | $2.13B | 100x | as long as short |
| Aevo XAU-PERP | +0.0104% | 1h | 4,323.7 | +0.030% | $160K | $87 | 10x | as long as short |
| Gate XAU_USDT | +0.0108% | 4h | 4,326.2 | +0.089% | $285.6M | $416.5M | 100x | as long as short |
| edgeX XAUUSDC | +0.0117% | 4h | 4,323.1 | +0.016% | $30.1M | $59.6M | 50x | as long as short |
| Lighter RH XAU | +0.0120% | 1h | 4,325.7 | +0.075% | $20.0M | $39.2M | 25x | as long as short |
| Extended XAU-USD | +0.0128% | 1h | 4,320 | −0.056% | $13.2M | $36.8M | 25x | as long as short |
| Bitget XAUUSDT | +0.0194% | 4h | 4,324.1 | +0.039% | $70.1M | $118.5M | 100x | as long as short |
| Bullet GOLD-USD | +0.0206% | 1h | 4,324.4 | +0.046% | $58K | $81K | 10x | as long as short |
| Polymarket Perps GOLD-USD | +0.0219% | 1h | 4,324.4 | +0.046% | $4.3M | $1.9M | 20x | as long as short |
| Kraken Futures PF_XAUUSD | +0.0228% | 1h | 4,322.1 | −0.007% | $578K | $135K | 25x | as long as short |
| Deribit GOLD_USDC-PERPETUALlong | +0.0236% | 1h | 4,322.4 | long leg | $163K | $872K | 25x | |
| OKX XAU-USDT-SWAP | +0.0276% | 8h | 4,324.8 | +0.056% | $173.8M | $299.0M | 100x | as long as short |
| BloFin XAU-USDT | +0.0341% | 4h | 4,324.9 | +0.058% | $16.4M | $4.6M | 100x | as long as short |
| Phemex XAUUSDT | +0.0370% | 4h | 4,327.2 | +0.111% | $2.2M | $975K | 100x | as long as short |
| HTX XAU-USDT | +0.0424% | 4h | 4,331.1 | +0.200% | $3.2M | $5.9M | 75x | as long as short |
| GMX GOLD/USD [ETH-USDC] | L +0.0462% / S −0.0307% | 1h | 4,324.3 | +0.043% | $253K | — | 111x | as long as short |
| RISEx XAU/USDC | +0.0643% | 1h | 4,325 | +0.060% | $4.6M | $13.3M | 25x | as long as short |
Bybit XAUUSDT
Aster XAUUSD1
Lighter XAU
Paradex XAU-USD-PERP
Coinbase International GOLD-PERP-INTX
Variational Omni XAU
Kalshi KXGOLDPERP
Phoenix GOLD
Pacifica XAU
MEXC XAU_USDT
GRVT XAU_USDT_Perp
ApeX Omni XAUUSDT
Binance XAUUSDT
Aevo XAU-PERP
Gate XAU_USDT
edgeX XAUUSDC
Lighter RH XAU
Extended XAU-USD
Bitget XAUUSDT
Bullet GOLD-USD
Polymarket Perps GOLD-USD
Kraken Futures PF_XAUUSD
OKX XAU-USDT-SWAP
BloFin XAU-USDT
Phemex XAUUSDT
HTX XAU-USDT
GMX GOLD/USD [ETH-USDC]
RISEx XAU/USDC