XAU

Alert

Funding spread now, next payment 16:00 UTC+0.0020%/8h

paid, last 24h+0.007%paid, last 3 days+0.070%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni XAU	4,353.3	0.0156	pay 0.0078% / 4h	28m 51s	$47.3M	$42.0M	—
Short	GMX GOLD/USD [ETH-USDC]	4,354.2	L +0.0362% / S −0.0176%	get 0.0022% / 1h	28m 51s	$221K	—	111x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Variational OmnibpFee GMXbpOrdersRate

Funding earned: $4.13
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee GMX: 6 bp × 2 orders: −$12
Net: −$7.87
Break-even: 20.3 days

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; GMX: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.021%
Avg gap 7d: +0.021%

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 Variational Omni RFQ quote, 2 min ago	1.55 bp	doesn't fit	1.5 bp −$15	3.0 bp −$295	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

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 38 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bluefin GOLD-PERP	−0.0271%	1h	$26K	$23K	20x	as long as short
RISEx XAU/USDC	0.0000%	1h	$3.7M	$12.0M	25x	as long as short
SunX XAU-USDT	0.0000%	4h	$93K	$11.1M	20x	as long as short
Phemex XAUUSDT	0.0000%	4h	$2.2M	$1.0M	100x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0001%	1h	$187K	—	250x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	$619	$72K	52x	as long as short
StandX XAU-USD	+0.0040%	1h	$3.8M	$1.6M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	—	$789K	25x	as long as short
Gate XAU_USDT	+0.0046%	4h	$277.7M	$369.6M	100x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	$294.3M	$55.4M	25x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Ondo Perps XAU-USD.P	+0.0050%	1h	$14.8M	$42.8M	25x	as long as short
QFEX GOLD-USD	+0.0051%	1h	$5.4M	$1.9M	20x	as long as short
Extended XAU-USD	+0.0056%	1h	$13.3M	$52.0M	25x	as long as short
Paradex XAU-USD-PERP	+0.0068%	8h	$19K	$6K	5x	as long as short
Lighter RH XAU	+0.0080%	1h	$19.7M	$39.3M	25x	as long as short
Lighter XAU	+0.0088%	1h	$20.7M	$44.8M	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
Bybit XAUUSDT	+0.0101%	4h	$82.3M	$128.4M	150x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0104%	1h	$2.0M	$4.9M	25x	as long as short
Phoenix GOLD	+0.0107%	1h	$53K	$54K	25x	as long as short
Bullet GOLD-USD	+0.0113%	1h	$59K	$78K	10x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0118%	1h	$220K	$951K	25x	as long as short
Kalshi KXGOLDPERP	+0.0118%	24h	$4.2M	$29.3M	15x	as long as short
Aevo XAU-PERP	+0.0120%	1h	$161K	$87	10x	as long as short
Hotstuff GOLD-PERP	+0.0136%	1h	$33K	—	25x	as long as short
Aster XAUUSD1	+0.0153%	4h	$69.1M	$161.8M	20x	as long as short
Variational Omni XAUlong	+0.0156%	4h	$47.3M	$42.0M	—
MEXC XAU_USDT	+0.0168%	4h	$370.0M	$378.4M	1000x	as long as short
Binance XAUUSDT	+0.0169%	4h	$416.0M	$1.96B	100x	as long as short
edgeX XAUUSDC	+0.0188%	4h	$30.3M	$52.8M	50x	as long as short
Polymarket Perps GOLD-USD	+0.0202%	1h	$4.1M	$1.8M	20x	as long as short
OKX XAU-USDT-SWAP	+0.0250%	8h	$159.2M	$254.8M	100x	as long as short
Bitget XAUUSDT	+0.0292%	4h	$71.5M	$92.8M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0301%	1h	$589K	$106K	25x	as long as short
GMX GOLD/USD [ETH-USDC]short	L +0.0362% / S −0.0176%	1h	$221K	—	111x
HTX XAU-USDT	+0.0375%	4h	$2.4M	$2.1M	75x	as long as short
BloFin XAU-USDT	+0.0409%	4h	$15.5M	$4.3M	100x	as long as short