XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0057%/8h= −6.2% APRnext payment −$0.07 per $10,000 · paid last 24h −0.034%

Price spread now: GMX against Kraken Futures+0.067%7-day average +0.074% · you sell dearer than you buy

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

Long on Kraken Futures Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.021%−$2 on $10k

Price spread, last 4 days (all we have)−0.040%−$4 · spread now +0.067%, 7d avg +0.074%

Together, before fees−0.061%−$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.074%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_XAUUSD	4,353.6	0.0269	pay 0.0034% / 1h	25m 41s	$594K	$133K	25x
Short	GMX GOLD/USD [ETH-USDC]	4,356.5	L +0.0401% / S −0.0212%	get 0.0027% / 1h	25m 41s	$249K	—	111x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Kraken Futures. 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 Kraken FuturesbpFee GMXbpOrdersPrice spread, now +0.067%Rate

Funding earned: −$11.91
Price spread: +0.067% → +0.074%: −$0.68
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$34.59
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 37 min ago; GMX: no order-book sample. 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 Kraken Futures live order book, 37 min ago	2.06 bp	7.9 bp −$8	11.3 bp −$113	47.5 bp −$4,752	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 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
SunX XAU-USDT	0.0000%	4h	4,361.9	+0.189%	$93K	$9.2M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,352.6	−0.023%	$267K	—	250x	as long as short
Gate XAU_USDT	+0.0008%	4h	4,359	+0.123%	$264.9M	$412.5M	100x	as long as short
RISEx XAU/USDC	+0.0010%	1h	4,357.7	+0.094%	$3.4M	$12.4M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,354	+0.009%	$13.6M	$38.9M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.074%	$619	$54	52x	as long as short
Kalshi KXGOLDPERP	+0.0039%	24h	4,354.7	+0.025%	$4.1M	$37.0M	15x	as long as short
StandX XAU-USD	+0.0040%	1h	4,356.4	+0.064%	$3.8M	$4.6M	40x	as long as short
Aster XAUUSD1	+0.0043%	4h	4,357.9	+0.097%	$70.5M	$333.9M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,389.7	+0.829%	—	$1.0M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX GOLD-USD	+0.0046%	1h	4,355.8	+0.050%	$5.6M	$1.9M	20x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0048%	1h	4,352.2	−0.033%	$2.0M	$4.9M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,354.3	+0.015%	$294.2M	$48.8M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,354.4	+0.017%	$15.1M	$57.3M	25x	as long as short
GRVT XAU_USDT_Perp	+0.0052%	4h	4,353.7	+0.001%	$1.4M	$3.0M	25x	as long as short
Lighter XAU	+0.0056%	1h	4,356.8	+0.074%	$20.7M	$42.3M	25x	as long as short
Variational Omni XAU	+0.0057%	4h	4,355.6	+0.046%	$48.3M	$27.9M	—	as long as short
Lighter RH XAU	+0.0064%	1h	4,359.1	+0.125%	$20.2M	$39.7M	25x	as long as short
MEXC XAU_USDT	+0.0074%	4h	4,357.9	+0.098%	$372.4M	$318.8M	1000x	as long as short
Binance XAUUSDT	+0.0074%	4h	4,357.7	+0.093%	$413.2M	$2.10B	100x	as long as short
Paradex XAU-USD-PERP	+0.0081%	8h	4,357.8	+0.095%	$19K	$5K	5x	as long as short
edgeX XAUUSDC	+0.0087%	4h	4,349.1	−0.105%	$30.3M	$58.2M	50x	as long as short
Aevo XAU-PERP	+0.0096%	1h	4,355.4	+0.041%	$161K	$87	10x	as long as short
Pacifica XAU	+0.0100%	1h	4,354.4	+0.017%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,351	−0.061%	$275K	$202K	50x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0118%	1h	4,354.6	+0.022%	$258K	$707K	25x	as long as short
Polymarket Perps GOLD-USD	+0.0126%	1h	4,355.6	+0.045%	$4.3M	$1.9M	20x	as long as short
Phemex XAUUSDT	+0.0127%	4h	4,357.1	+0.080%	$2.2M	$1.1M	100x	as long as short
Phoenix GOLD	+0.0136%	1h	4,350.3	−0.076%	$47K	$77K	25x	as long as short
Bybit XAUUSDT	+0.0199%	4h	4,359.2	+0.128%	$84.6M	$145.6M	150x	as long as short
Bullet GOLD-USD	+0.0205%	1h	4,356	+0.055%	$59K	$83K	10x	as long as short
Hotstuff GOLD-PERP	+0.0208%	1h	4,352.9	−0.017%	$33K	—	25x	as long as short
Bitget XAUUSDT	+0.0212%	4h	4,358.1	+0.103%	$70.3M	$109.4M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0253%	8h	4,359.1	+0.126%	$165.1M	$282.3M	100x	as long as short
Kraken Futures PF_XAUUSDlong	+0.0269%	1h	4,353.6	long leg	$594K	$133K	25x
BloFin XAU-USDT	+0.0298%	4h	4,356	+0.055%	$15.5M	$4.6M	100x	as long as short
GMX GOLD/USD [ETH-USDC]short	L +0.0401% / S −0.0212%	1h	4,356.5	+0.067%	$249K	—	111x
HTX XAU-USDT	+0.0566%	4h	4,362.3	+0.199%	$2.9M	$4.2M	75x	as long as short
Bluefin GOLD-PERP	+0.0580%	1h	4,349.5	−0.095%	$25K	$14K	20x	as long as short