Funding you earn now, next payment 08:00 UTC−0.0256%/8h= −28.0% APRpaid last 24h −0.062%
Price spread now: gTrade (Gains Network) against OKX−0.069%7-day average −0.109% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$273as in the Price arb table
costs, in and out, $10k−$2772.773% of the position
Funding, last 3 days (all we have)−0.070%−$7 on $10k
+Price spread, last 4 days (all we have)+0.046%+$5 · spread now −0.069%, 7d avg −0.109%
=The price spread pays, funding is against you. gTrade (Gains Network) is 0.040% dearer against OKX than usual: you sell high and buy low (spread −0.069% now, against its 7-day average of −0.109%): +$4 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 13 hours. At the pace of the last 3 days (−0.070% in total) that is about 2.0 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.070% in total (about -7.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX XAU-USDT-SWAP | 4,306 | 0.0259 | pay 0.0259% / 8h | 3m 16s | $172.8M | $311.4M | 100x |
| Short | gTrade (Gains Network) XAU/USD | 4,303 | L +0.0002% / S −0.0003% | get 0.0000% / 1h | 3m 16s | $268K | — | 250x |
OKX XAU-USDT-SWAP
gTrade (Gains Network) XAU/USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
gTrade (Gains Network) against OKX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$53.78
- Price spread: −0.069% → −0.109%
- $4.01
- Slippage, 4 orders
- −$260.25
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee gTrade (Gains Network): 3.5 bp × 2 orders
- −$7
- Net
- −$327.03
- Costs to cover
- 2.773%
- Break-even
- never at this rate
Slippage from OKX: live order book, 6 min ago; gTrade (Gains Network): virtual book (oracle venue), 1 min ago.
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 OKX live order book, 6 min ago | 0.12 bp | 5.1 bp −$5 | 5.1 bp −$51 | 5.7 bp −$572 | 12.7 bp −$6,352 |
| Sell gTrade (Gains Network) virtual book (oracle venue), 1 min ago | 130.01 bp | 133.5 bp −$134 | 243.0 bp −$2,430 | 1975.4 bp −$197.5K | doesn't fit |
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 | 4,311 | +0.115% | $92K | $7.0M | 20x | as long as short |
| gTrade (Gains Network) XAU/USDshort | L +0.0002% / S −0.0003% | 1h | 4,303 | −0.069% | $268K | — | 250x | |
| Injective XAU/USDC PERP | +0.0033% | 1h | 4,350.4 | +1.032% | $619 | $54 | 52x | as long as short |
| QFEX GOLD-USD | +0.0045% | 1h | 4,305.2 | −0.019% | $6.6M | $3.1M | 20x | as long as short |
| Vest GC-PERP | +0.0046% | 1h | 4,338.8 | +0.762% | — | $1.0M | 25x | as long as short |
| tradeXYZ xyz:GOLD | +0.0050% | 1h | 4,303.4 | −0.060% | $289.7M | $52.9M | 25x | as long as short |
| Ondo Perps XAU-USD.P | +0.0050% | 1h | 4,303.6 | −0.056% | $15.0M | $55.2M | 25x | as long as short |
| Aster XAUUSD1 | +0.0057% | 4h | 4,308.5 | +0.058% | $72.8M | $271.9M | 20x | as long as short |
| Paradex XAU-USD-PERP | +0.0062% | 8h | 4,306.1 | +0.003% | $2K | $14K | 5x | as long as short |
| Bybit XAUUSDT | +0.0071% | 4h | 4,307.7 | +0.039% | $77.3M | $155.6M | 150x | as long as short |
SunX XAU-USDT
Injective XAU/USDC PERP
QFEX GOLD-USD
Vest GC-PERP
tradeXYZ xyz:GOLD
Ondo Perps XAU-USD.P
Aster XAUUSD1
Paradex XAU-USD-PERP
Bybit XAUUSDTShow all 39 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter XAU | +0.0072% | 1h | 4,305.5 | −0.012% | $20.2M | $30.2M | 25x | as long as short |
| Coinbase International GOLD-PERP-INTX | +0.0072% | 1h | 4,301.8 | −0.098% | $2.0M | $5.1M | 25x | as long as short |
| Bluefin GOLD-PERP | +0.0086% | 1h | 4,301.9 | −0.095% | $25K | $1K | 20x | as long as short |
| Phoenix GOLD | +0.0096% | 1h | 4,305.5 | −0.012% | $42K | $79K | 25x | as long as short |
| Pacifica XAU | +0.0100% | 1h | 4,303 | −0.070% | $1.4M | $1.2M | 10x | as long as short |
| ApeX Omni XAUUSDT | +0.0100% | 1h | 4,304 | −0.048% | $269K | $214K | 50x | as long as short |
| Kalshi KXGOLDPERP | +0.0100% | 24h | 4,308.9 | +0.067% | $3.6M | $45.5M | 15x | as long as short |
| Variational Omni XAU | +0.0101% | 4h | 4,306.5 | +0.013% | $46.7M | $29.3M | — | as long as short |
| Lighter RH XAU | +0.0104% | 1h | 4,308 | +0.046% | $19.9M | $40.3M | 25x | as long as short |
| Extended XAU-USD | +0.0104% | 1h | 4,303.1 | −0.067% | $13.1M | $36.7M | 25x | as long as short |
| MEXC XAU_USDT | +0.0110% | 4h | 4,307.1 | +0.026% | $365.6M | $342.8M | 1000x | as long as short |
| Binance XAUUSDT | +0.0112% | 4h | 4,307.1 | +0.024% | $429.0M | $2.16B | 100x | as long as short |
| Aevo XAU-PERP | +0.0112% | 1h | 4,306.6 | +0.014% | $159K | $87 | 10x | as long as short |
| GRVT XAU_USDT_Perp | +0.0114% | 4h | 4,308 | +0.046% | $1.4M | $3.0M | 25x | as long as short |
| Gate XAU_USDT | +0.0118% | 4h | 4,309.2 | +0.075% | $287.8M | $432.7M | 100x | as long as short |
| Hotstuff GOLD-PERP | +0.0120% | 1h | 4,303.9 | −0.049% | $32K | — | 25x | as long as short |
| edgeX XAUUSDC | +0.0130% | 4h | 4,304.2 | −0.042% | $29.9M | $60.3M | 50x | as long as short |
| StandX XAU-USD | +0.0161% | 1h | 4,309.9 | +0.091% | $3.8M | $4.5M | 40x | as long as short |
| Deribit GOLD_USDC-PERPETUAL | +0.0191% | 1h | 4,305.8 | −0.005% | $136K | $866K | 25x | as long as short |
| Bitget XAUUSDT | +0.0192% | 4h | 4,307.1 | +0.026% | $70.7M | $121.8M | 100x | as long as short |
| Bullet GOLD-USD | +0.0199% | 1h | 4,307 | +0.023% | $59K | $81K | 10x | as long as short |
| Polymarket Perps GOLD-USD | +0.0222% | 1h | 4,307.2 | +0.028% | $4.3M | $1.8M | 20x | as long as short |
| Kraken Futures PF_XAUUSD | +0.0229% | 1h | 4,304.6 | −0.032% | $573K | $138K | 25x | as long as short |
| OKX XAU-USDT-SWAPlong | +0.0259% | 8h | 4,306 | long leg | $172.8M | $311.4M | 100x | |
| BloFin XAU-USDT | +0.0373% | 4h | 4,307.1 | +0.025% | $16.6M | $4.9M | 100x | as long as short |
| GMX GOLD/USD [ETH-USDC] | L +0.0464% / S −0.0311% | 1h | 4,307 | +0.024% | $253K | — | 111x | as long as short |
| Phemex XAUUSDT | +0.0496% | 4h | 4,311.5 | +0.129% | $2.2M | $951K | 100x | as long as short |
| HTX XAU-USDT | +0.0547% | 4h | 4,314.1 | +0.188% | $3.2M | $6.2M | 75x | as long as short |
| RISEx XAU/USDC | +0.0643% | 1h | 4,307.4 | +0.034% | $4.5M | $13.1M | 25x | as long as short |
Lighter XAU
Coinbase International GOLD-PERP-INTX
Bluefin GOLD-PERP
Phoenix GOLD
Pacifica XAU
ApeX Omni XAUUSDT
Kalshi KXGOLDPERP
Variational Omni XAU
Lighter RH XAU
Extended XAU-USD
MEXC XAU_USDT
Binance XAUUSDT
Aevo XAU-PERP
GRVT XAU_USDT_Perp
Gate XAU_USDT
Hotstuff GOLD-PERP
edgeX XAUUSDC
StandX XAU-USD
Deribit GOLD_USDC-PERPETUAL
Bitget XAUUSDT
Bullet GOLD-USD
Polymarket Perps GOLD-USD
Kraken Futures PF_XAUUSD
BloFin XAU-USDT
GMX GOLD/USD [ETH-USDC]
Phemex XAUUSDT
HTX XAU-USDT
RISEx XAU/USDC