XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0271%/8h= −29.7% APRnext payment −$0.34 per $10,000 · paid last 24h −0.047%

Price spread now: Deribit against GMX−0.024%7-day average −0.112% · you buy dearer than you sell

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

Long on GMX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.399%+$40 on $10k

Price spread, last 4 days (all we have)−0.079%−$8 · spread now −0.024%, 7d avg −0.112%

Together, before fees+0.320%+$32 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Deribit is 0.088% dearer against GMX than usual: you sell high and buy low (spread −0.024% now, against its 7-day average of −0.112%): +$9 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 26 hours. Mind the row above: over the last 4 days funding on this pair paid +0.399%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX GOLD/USD [ETH-USDC]	4,332.7	L +0.0460% / S −0.0307%	pay 0.0057% / 1h	3m 47s	$253K	—	111x
Short	Deribit GOLD_USDC-PERPETUAL	4,331.7	0.0189	get 0.0024% / 1h	3m 47s	$135K	$747K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.024%Rate

Funding earned: −$56.9
Price spread: −0.024% → −0.112%: $8.82
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$67.07
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Deribit: live order book, 48 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 Deribit live order book, 48 min ago	0.12 bp	8.0 bp −$8	9.8 bp −$98	doesn't fit	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 exchanges

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	−1.7424%	1h	4,327.9	−0.112%	$32K	—	25x	as long as short
SunX XAU-USDT	0.0000%	4h	4,337.9	+0.119%	$92K	$6.1M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,329.9	−0.065%	$275K	—	250x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0024%	1h	4,329.5	−0.075%	$2.1M	$5.2M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.408%	$619	$54	52x	as long as short
QFEX GOLD-USD	+0.0038%	1h	4,333.5	+0.017%	$6.7M	$3.2M	20x	as long as short
StandX XAU-USD	+0.0040%	1h	4,336.9	+0.096%	$3.8M	$4.5M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,367	+0.791%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,326.8	−0.137%	$292.0M	$52.8M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,330.5	−0.053%	$15.1M	$58.1M	25x	as long as short

Show all 39 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex XAU-USD-PERP	+0.0055%	8h	4,334.1	+0.030%	$2K	$13K	5x	as long as short
RISEx XAU/USDC	+0.0056%	1h	4,334.8	+0.048%	$4.7M	$13.5M	25x	as long as short
Phoenix GOLD	+0.0076%	1h	4,322	−0.248%	$43K	$72K	25x	as long as short
Aster XAUUSD1	+0.0078%	4h	4,332.6	−0.003%	$73.0M	$275.2M	20x	as long as short
Variational Omni XAU	+0.0090%	4h	4,334.4	+0.037%	$47.3M	$29.4M	—	as long as short
Lighter XAU	+0.0096%	1h	4,331.9	−0.019%	$20.2M	$30.5M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,332.4	−0.008%	$1.4M	$1.3M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,327.8	−0.114%	$284K	$223K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,328.6	−0.095%	$25K	$1K	20x	as long as short
Gate XAU_USDT	+0.0102%	4h	4,332.7	0.000%	$302.8M	$449.9M	100x	as long as short
Bybit XAUUSDT	+0.0109%	4h	4,331.8	−0.023%	$80.5M	$171.4M	150x	as long as short
MEXC XAU_USDT	+0.0110%	4h	4,330.8	−0.045%	$362.7M	$365.7M	1000x	as long as short
Binance XAUUSDT	+0.0112%	4h	4,331	−0.041%	$445.3M	$2.40B	100x	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,332.9	+0.003%	$160K	$87	10x	as long as short
GRVT XAU_USDT_Perp	+0.0116%	4h	4,333.8	+0.025%	$1.4M	$3.1M	25x	as long as short
edgeX XAUUSDC	+0.0119%	4h	4,324.3	−0.194%	$30.2M	$66.3M	50x	as long as short
Kalshi KXGOLDPERP	+0.0133%	24h	4,336.6	+0.089%	$3.5M	$50.6M	15x	as long as short
Polymarket Perps GOLD-USD	+0.0136%	1h	4,333.4	+0.015%	$4.3M	$1.7M	20x	as long as short
Extended XAU-USD	+0.0152%	1h	4,327	−0.133%	$12.7M	$34.8M	25x	as long as short
Lighter RH XAU	+0.0160%	1h	4,334.4	+0.038%	$19.7M	$41.0M	25x	as long as short
Deribit GOLD_USDC-PERPETUALshort	+0.0189%	1h	4,331.7	−0.024%	$135K	$747K	25x
Bullet GOLD-USD	+0.0197%	1h	4,333.2	+0.011%	$59K	$76K	10x	as long as short
Bitget XAUUSDT	+0.0218%	4h	4,330.8	−0.045%	$74.3M	$135.7M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0244%	8h	4,331	−0.040%	$170.9M	$356.2M	100x	as long as short
Phemex XAUUSDT	+0.0271%	4h	4,334.4	+0.038%	$2.2M	$782K	100x	as long as short
BloFin XAU-USDT	+0.0351%	4h	4,333.5	+0.018%	$16.3M	$5.3M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0411%	1h	4,330.1	−0.061%	$583K	$165K	25x	as long as short
GMX GOLD/USD [ETH-USDC]long	L +0.0460% / S −0.0307%	1h	4,332.7	long leg	$253K	—	111x
HTX XAU-USDT	+0.1128%	4h	4,341.3	+0.196%	$3.2M	$7.0M	75x	as long as short