XAU

Alert

Funding spread now, next payment 19:00 UTC−0.0077%/8h

next payment, per $10,000−$0.10paid, last 24h−0.008%paid, last 3 days+0.161%to open and closeno order book

Long on Hotstuff Short on gTrade (Gains Network)

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff GOLD-PERP	4,349.8	0.0080	pay 0.0010% / 1h	4m 22s	$33K	—	25x
Short	gTrade (Gains Network) XAU/USD	4,347.8	L +0.0002% / S −0.0003%	get 0.0000% / 1h	4m 22s	$267K	—	250x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee HotstuffbpFee gTrade (Gains Network)bpOrdersRate

Funding earned: −$16.17
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee gTrade (Gains Network): 3.5 bp × 2 orders: −$7
Net: −$28.17
Break-even: never at this rate

Slippage unknown: Hotstuff: no order-book sample; gTrade (Gains Network): virtual book (oracle venue), 6 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.046%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Hotstuff no order-book sample	—	—	—	—	—
Sell gTrade (Gains Network) virtual book (oracle venue), 6 min ago	130.01 bp	133.5 bp −$134	243.0 bp −$2,430	1975.4 bp −$197.5K	doesn't fit

Hotstuff: 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 38 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bluefin GOLD-PERP	−0.0072%	1h	$26K	$21K	20x	as long as short
RISEx XAU/USDC	0.0000%	1h	$3.5M	$12.1M	25x	as long as short
SunX XAU-USDT	0.0000%	4h	$93K	$11.0M	20x	as long as short
gTrade (Gains Network) XAU/USDshort	L +0.0002% / S −0.0003%	1h	$267K	—	250x
Injective XAU/USDC PERP	+0.0033%	1h	$619	$54	52x	as long as short
Kalshi KXGOLDPERP	+0.0039%	24h	$4.2M	$30.7M	15x	as long as short
StandX XAU-USD	+0.0040%	1h	$3.8M	$4.2M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	—	$995K	25x	as long as short
Gate XAU_USDT	+0.0046%	4h	$274.7M	$403.6M	100x	as long as short
QFEX GOLD-USD	+0.0049%	1h	$5.4M	$2.1M	20x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
tradeXYZ xyz:GOLD	+0.0050%	1h	$294.4M	$61.2M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	$14.8M	$49.4M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0064%	1h	$2.0M	$5.2M	25x	as long as short
Paradex XAU-USD-PERP	+0.0075%	8h	$19K	$6K	5x	as long as short
Hotstuff GOLD-PERPlong	+0.0080%	1h	$33K	—	25x
Lighter XAU	+0.0088%	1h	$20.8M	$45.9M	25x	as long as short
Phoenix GOLD	+0.0088%	1h	$43K	$65K	25x	as long as short
Pacifica XAU	+0.0100%	1h	$1.4M	$1.3M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	$273K	$203K	50x	as long as short
Bullet GOLD-USD	+0.0107%	1h	$58K	$77K	10x	as long as short
Aevo XAU-PERP	+0.0112%	1h	$161K	$87	10x	as long as short
Variational Omni XAU	+0.0129%	4h	$47.8M	$34.7M	—	as long as short
MEXC XAU_USDT	+0.0138%	4h	$383.7M	$333.3M	1000x	as long as short
Binance XAUUSDT	+0.0139%	4h	$414.5M	$2.05B	100x	as long as short
edgeX XAUUSDC	+0.0142%	4h	$30.3M	$56.2M	50x	as long as short
Bybit XAUUSDT	+0.0149%	4h	$83.8M	$138.9M	150x	as long as short
Aster XAUUSD1	+0.0160%	4h	$70.1M	$240.0M	20x	as long as short
Lighter RH XAU	+0.0168%	1h	$20.3M	$45.1M	25x	as long as short
Extended XAU-USD	+0.0184%	1h	$13.3M	$51.0M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0200%	1h	$4.4M	$2.3M	20x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0256%	1h	$223K	$963K	25x	as long as short
Bitget XAUUSDT	+0.0270%	4h	$69.3M	$108.6M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0288%	8h	$156.4M	$263.4M	100x	as long as short
HTX XAU-USDT	+0.0300%	4h	$2.9M	$3.3M	75x	as long as short
Kraken Futures PF_XAUUSD	+0.0310%	1h	$588K	$108K	25x	as long as short
Phemex XAUUSDT	+0.0322%	4h	$2.2M	$1.1M	100x	as long as short
BloFin XAU-USDT	+0.0379%	4h	$14.9M	$4.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0444% / S −0.0271%	1h	$251K	—	111x	as long as short