XAU Funding Rate — Gold perpetuals across 18 venues
TradFi perpetual · compared across 18 venues · net of estimated fees · updated every few minutesXAU is a commodity-linked perpetual referencing Gold. Its price tracks the commodity, not an equity.
Live annualized XAU perpetual funding across all 18 venues Perpia tracks. Right now XAU funding is positive on 17 and negative on 0, ranging from +44.9% on Bitget to +0.0% on GMTrade — a spread of 44.9%. The widest delta-neutral trade is long GMTrade / short Bitget at 40.9% net APR.
XAU funding trend & liquidity
168h of historyAverages are historical funding over the window shown. A current rate near the 7-day average may indicate the spread has persisted; a rate far above it is usually a short-lived spike. OI and volume are the smaller (binding) leg of the best pair — the ceiling on tradeable size.
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Build a route
any two of the 18 venuesThis is the widest route right now. The number is gross: fees, the entry spread and slippage are not in it, and both legs must be tradeable for you. The scanner carries the same pairs net of costs.
Venues: pick the two legs
sorted by rate · 18 venues| Venue | Funding APR ↓ | Interval | Use as |
|---|---|---|---|
| Bitget↗short | +44.9% | every 4h | |
| Bybit↗ | +40.9% | every 4h | |
| Extended↗ | +37.7% | every 1h | |
| Aster↗ | +32.5% | every 4h | |
| OKX↗ | +32.5% | every 8h | |
| MEXC↗ | +29.1% | every 4h | |
| Variational↗ | +28.9% | every 4h | |
| HTX↗ | +20.5% | every 4h | |
| Lighter↗ | +18.4% | every 8h | |
| Risex↗ | +17.6% | every 1h | |
| Gate.io↗ | +15.1% | every 4h | |
| Paradex↗ | +13.7% | every 8h | |
| Hyperliquid↗ | +11.7% | every 1h | |
| trade.xyz↗ | +11.5% | every 1h | |
| Pacifica↗ | +10.9% | every 1h | |
| Ostium↗ | +6.8% | every 1h | |
| Ondo Perps | +5.5% | every 1h | |
| GMTrade↗long | +0.0% | every 1h |
Rates annualized; updated ~every few minutes from live venue data. Venue names link to that exchange's full funding table; ↗ opens the market on the exchange itself. Every spread between these two venues is on the GMTrade vs Bitget page. 124 pairs scanned for XAU.
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XAU — FAQ
Is XAU funding positive right now?
XAU perpetual funding is positive on 17 of 18 venues Perpia tracks. The highest is +44.9% on Bitget; the lowest is +0.0% on GMTrade.
What is the best XAU funding arbitrage right now?
Go long GMTrade and short Bitget for about 40.9% net APR after fees — the widest delta-neutral XAU spread Perpia currently sees.
Which exchange has the highest XAU funding rate?
Bitget, at +44.9% annualized. Funding shifts continuously, so check the live table above before trading.
How XAU funding arbitrage works
Funding arbitrage combines opposing positions on two venues — long the one paying the most negative funding, short the one paying the most positive — to reduce directional exposure and capture the difference between their funding payments. Fees, slippage, basis divergence and liquidation risk can reduce the result. See the methodology for how it is measured and the guide for the full walkthrough.
Markets related to XAU
also quoted on both Bitget and GMTradeThe same two exchanges you would already have funded for the XAU trade. Every spread between them is on the Bitget vs GMTrade page.