Tether Gold (XAUT) Perpetual Futures

– 24h · perp mark price

24h volume – vs prior 24h Open interest – · Funding rate (OI-weighted, 8h) – annualised Long / short ratio (24h) – long Liquidations (24h) – longs OI / market cap – Market cap –

Tether Gold price and derivatives history

Daily close and perpetual volume across tracked exchanges

Tether Gold perpetual futures market

Each Tether Gold token is backed by one troy ounce of physical gold held in vaults, so XAUT follows the gold price. Its perps are crypto-settled contracts that track the token, and holding one gives no claim on the metal. Traders use them to go long or short gold around the clock with stablecoin margin, hedge crypto portfolios against risk-off moves, or take a macro view without a commodities broker.

Gold's own drivers set the direction here. Real interest rates, the US dollar, central bank buying and geopolitical stress all feed through to XAUT. Spot gold trades almost around the clock on weekdays and pauses for the weekend, while XAUT perps keep trading, so the Sunday evening reopening can produce a gap. Volume is concentrated on MEXC, with Binance and Bybit next, and funding tends to be calmer than on crypto-native tokens.

XAUT funding rates XAUT open interest XAUT liquidations XAUT long/short ratio

Ticker: XAUT
Asset class: Commodity
Tracked markets: –
Most active venue: –
Funding intervals: –
Trading hours: 24/7 (underlying has set hours)
±1% order book depth: –

Tether Gold perpetual markets by exchange

Every tracked XAUT perpetual market

#	Exchange	Price	24h	Volume 24h	Open interest	OI 24h	Funding 8h	L/S	Liq. 24h	±1% depth	Trade

Open interest by exchange

Share of total · 24h change

All OI

Liquidations by exchange

Last 24h · long vs short

All liquidations

Taker buy vs sell

Last 4h · buy share of taker volume

Long/short data

Tether Gold perpetual futures FAQ

Live answers use data from every tracked XAUT perpetual markets · updated –

What is the XAUT funding rate today?

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How much XAUT open interest is there?

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What is Tether Gold?

Tether Gold (XAUT) is a token issued by Tether that represents one troy ounce of physical gold on a London Good Delivery bar. Holders of the spot token can redeem it for gold under Tether's conditions. XAUT perps track the token price and carry no ownership of gold.

What is XAUT perpetual futures trading volume?

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Are traders long or short XAUT right now?

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How is XAUT different from trading gold futures?

Gold futures on exchanges such as COMEX have fixed expiry dates and are traded through a regulated broker in US dollars. XAUT perpetuals never expire, trade 24/7 and settle in stablecoins, with a funding rate keeping the contract close to the token's spot price.

What happens to XAUT perps at the weekend?

They keep trading while the main gold markets are closed, so prices reflect crypto traders' views of where gold will reopen. Liquidity is usually thinner, and a sharp move when gold trading resumes on Sunday evening can trigger liquidations on positions that looked safe over the weekend.

How much XAUT was liquidated in the last 24 hours?

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How is XAUT different from PAXG?

Both are tokens backed by physical gold at one troy ounce per token. XAUT is issued by Tether, while PAX Gold (PAXG) is issued by Paxos, a New York regulated trust company. Both track gold closely, though small premiums or discounts can open between them.

What are XAUT perpetual futures?

XAUT perpetual futures are derivatives contracts that track the price of Tether Gold and never expire. They settle in crypto, usually USDT or USDC, so you get long or short price exposure with leverage without owning the underlying asset. A funding rate keeps the contract close to the reference price.

How does XAUT funding work?

Funding is a payment between longs and shorts. When XAUT perps trade above the reference price, funding is positive and longs pay shorts. When they trade below it, shorts pay longs. Most exchanges settle every 8 hours and some, including Hyperliquid, settle every hour.

Where can I trade XAUT perpetuals?

Compare venues, fees and features on the best perpetual exchanges page.

Should I long or short XAUT?

Coinperps does not give trading advice. Funding, open interest, the long/short ratio and liquidations show how other traders are positioned, but crowded positioning can last longer than expected. Size positions so a liquidation would not hurt you.