XAU Funding Rate — Gold perpetuals across 16 venues
Equity-linked perpetual · net of fees · updated continuously
XAU (Gold) is a tokenized real-world asset traded as a perpetual future. Perpia compares its annualized funding across venues and shows whether the current spread is persistent or just a short-lived spike — the perp, its funding and the underlying asset are three different things, so read the rate together with liquidity and how long it has held.
Live annualized XAU perpetual funding across all 16 venues Perpia tracks. Right now XAU funding is positive on 10 and negative on 0, ranging from +16.9% on Hyperliquid to +0.0% on Dreamcash — a spread of 16.9%. The widest delta-neutral trade is long Variational / short Hyperliquid at 16.1% net APR.
XAU funding rate by venue
58 pairs scanned| Venue | Funding APR | Interval |
|---|---|---|
| Hyperliquid | +16.9% | 1h |
| trade.xyz | +16.9% | 1h |
| Risex | +10.9% | 1h |
| Pacifica | +10.9% | 1h |
| Ostium | +6.8% | 1h |
| Extended | +3.5% | 1h |
| MEXC | +0.4% | 8h |
| GMTrade | +0.4% | 1h |
| Variational | +0.4% | 4h |
| Gate.io | +0.2% | 4h |
| OKX | +0.0% | 8h |
| Bybit | +0.0% | 4h |
| Bitget | +0.0% | 4h |
| Aster | +0.0% | 4h |
| Kinetiq | +0.0% | 1h |
| Dreamcash | +0.0% | 1h |
Rates annualized; updated ~every few minutes from live venue data.
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XAU funding — FAQ
Is XAU funding positive right now?
XAU perpetual funding is positive on 10 of 16 venues Perpia tracks. The highest is +16.9% on Hyperliquid; the lowest is +0.0% on Dreamcash.
What is the best XAU funding arbitrage right now?
Go long Variational and short Hyperliquid for about 16.1% net APR after fees — the widest delta-neutral XAU spread Perpia currently sees.
Which exchange has the highest XAU funding rate?
Hyperliquid, at +16.9% annualized. Funding shifts continuously, so check the live table above before trading.
How XAU funding arbitrage works
Funding-rate arbitrage is delta-neutral: you go long the venue paying the most negative funding and short the one paying the most positive, so price moves cancel and you collect the spread. The catch is liquidity — a huge APR on a thin book caps at a few thousand dollars and often flips within hours. Perpia shows the max size after slippage and tracks whether a spread holds, so you filter instead of chasing the number.
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