XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0327%/8h= −35.8% APRnext payment −$0.41 per $10,000 · paid last 24h −0.076%

Price spread now: Pacifica against GMX−0.115%7-day average −0.085% · you buy dearer than you sell

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

Long on GMX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.328%−$33 on $10k

Price spread, last 4 days (all we have)−0.013%−$1 · spread now −0.115%, 7d avg −0.085%

Together, before fees−0.341%+ Points / potential airdropPacifica: Active · farm board−$34 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Pacifica is 0.031% cheaper against GMX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.085%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX GOLD/USD [ETH-USDC]	4,343.2	L +0.0427% / S −0.0252%	pay 0.0053% / 1h	42m 45s	$250K	—	111x
Short	Pacifica XAU	4,338.2	0.0100	get 0.0013% / 1h	42m 45s	$1.4M	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against GMX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 PacificabpOrdersPrice spread, now −0.115%Rate

Funding earned: −$68.61
Price spread: −0.115% → −0.085%: −$3.06
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$91.67
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Pacifica: live order book, 1 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 Pacifica live order book, 1 min ago	0.12 bp	5.0 bp −$5	doesn't fit	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 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	−0.0034%	1h	4,336.2	−0.161%	$25K	$14K	20x	as long as short
Gate XAU_USDT	0.0000%	4h	4,343.2	−0.001%	$267.7M	$413.3M	100x	as long as short
SunX XAU-USDT	0.0000%	4h	4,346.5	+0.077%	$92K	$8.7M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,338.7	−0.105%	$271K	—	250x	as long as short
RISEx XAU/USDC	+0.0005%	1h	4,340.4	−0.064%	$3.5M	$12.1M	25x	as long as short
Lighter RH XAU	+0.0032%	1h	4,342.1	−0.027%	$20.0M	$39.2M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,337.3	−0.136%	$13.3M	$37.9M	25x	as long as short
Hotstuff GOLD-PERP	+0.0032%	1h	4,340.3	−0.067%	$33K	—	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.166%	$619	$54	52x	as long as short
Lighter XAU	+0.0040%	1h	4,340.1	−0.071%	$20.8M	$34.5M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX XAU-USD	+0.0040%	1h	4,343.7	+0.011%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0042%	1h	4,340.5	−0.063%	$5.7M	$2.0M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,375.2	+0.736%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,338.5	−0.109%	$293.5M	$49.3M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,337.7	−0.128%	$15.1M	$56.9M	25x	as long as short
Kalshi KXGOLDPERP	+0.0051%	24h	4,339.6	−0.083%	$4.3M	$37.5M	15x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0056%	1h	4,339.7	−0.081%	$2.1M	$4.8M	25x	as long as short
Bybit XAUUSDT	+0.0056%	4h	4,342.3	−0.022%	$80.2M	$151.4M	150x	as long as short
Aster XAUUSD1	+0.0076%	4h	4,342.9	−0.007%	$71.4M	$332.4M	20x	as long as short
Paradex XAU-USD-PERP	+0.0083%	8h	4,341.1	−0.048%	$19K	$5K	5x	as long as short
Variational Omni XAU	+0.0087%	4h	4,342.7	−0.011%	$48.3M	$27.7M	—	as long as short
Pacifica XAUshort	+0.0100%	1h	4,338.2	−0.115%	$1.4M	$1.1M	10x
MEXC XAU_USDT	+0.0100%	4h	4,341.6	−0.037%	$369.5M	$318.9M	1000x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,339.5	−0.085%	$274K	$203K	50x	as long as short
Binance XAUUSDT	+0.0102%	4h	4,341.7	−0.036%	$417.0M	$2.09B	100x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,341.9	−0.030%	$161K	$87	10x	as long as short
edgeX XAUUSDC	+0.0113%	4h	4,338.3	−0.113%	$30.2M	$58.3M	50x	as long as short
Phoenix GOLD	+0.0136%	1h	4,338.8	−0.102%	$47K	$77K	25x	as long as short
GRVT XAU_USDT_Perp	+0.0174%	4h	4,343.4	+0.005%	$1.4M	$2.9M	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0211%	1h	4,341.1	−0.049%	$205K	$827K	25x	as long as short
Bullet GOLD-USD	+0.0212%	1h	4,343.2	−0.001%	$59K	$82K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0217%	1h	4,342.6	−0.014%	$4.3M	$2.0M	20x	as long as short
Bitget XAUUSDT	+0.0246%	4h	4,341.8	−0.032%	$71.1M	$109.4M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0259%	1h	4,339.7	−0.080%	$592K	$132K	25x	as long as short
Phemex XAUUSDT	+0.0296%	4h	4,343.9	+0.017%	$2.2M	$967K	100x	as long as short
OKX XAU-USDT-SWAP	+0.0318%	8h	4,342.5	−0.016%	$166.4M	$281.7M	100x	as long as short
BloFin XAU-USDT	+0.0361%	4h	4,343.1	−0.002%	$15.6M	$4.4M	100x	as long as short
GMX GOLD/USD [ETH-USDC]long	L +0.0427% / S −0.0252%	1h	4,343.2	long leg	$250K	—	111x
HTX XAU-USDT	+0.0542%	4h	4,346.8	+0.083%	$2.8M	$4.6M	75x	as long as short