One gold perpetual · 24/7
Gold Trading 24/7: the XAUTUSD Perpetual
Gold on EVEDEX is one contract: XAUTUSD, a perpetual on Tether Gold margined in USDT, open every day, with 100x on positions up to $30,000 and a 0.015% maker fee cap.
XAUTUSD in four numbers
Contract terms as of September 15, 2026. Background: what is XAUUSD and gold trading hours.
Three ways to take a position on gold
What you end up holding, when you can trade it and what it costs. See also forex trading, our crypto futures trading platform and XAUUSD pips.
| Route | What you hold | Hours | Cost | Drawbacks |
|---|---|---|---|---|
| EVEDEX XAUTUSD | A perpetual position, no metal | 24/7 | 0.015% maker, 0.045% taker | One gold pair only; no delivery and no options |
| IG spot gold (100OZ) | A CFD on the gold price | Weekday sessions | Minimum spread 0.3 points | 70% of retail accounts lose money; 20% retail margin |
| iShares Gold Trust | A share in a gold trust | Exchange hours | 0.25% a year, taken by the trust | No leverage; the fee runs whether gold moves or not |
Pages checked September 21, 2026: IG, iShares Gold Trust. EVEDEX contract terms as of September 15, 2026.
What XAUTUSD is, and what it is not
A perpetual contract priced against Tether Gold, settled in USDT, with no metal changing hands at any point.
Priced on Tether Gold
One XAUT represents one troy ounce of physical gold held in a vault in Switzerland by TG Commodities Limited. Trading XAUTUSD gives you neither the bar nor the token, only the position.
No expiry, no roll
The contract never settles, so there is no delivery month to roll and no session calendar. Funding is calculated every 8 hours and charged hourly at one eighth of the rate.
Leverage in stated tiers
100x applies to positions up to $30,000 of notional, then 90x up to $101,000 and 50x up to $386,000. Margin is cross only and denominated in USDT.
What is missing
There is no spot XAU, no XAUUSD listing, no gold options and no physical delivery. Gold sits here as one pair among 52 perpetuals, not as a metals desk.
Open a gold position in three steps
From a USDT deposit to an open contract, at any hour of any day.
Deposit USDT
Sign in with a wallet, email or social account and deposit from 6 USDT. There is no traditional KYC; deposits pass automated AML screening with Chainalysis.
Size the contract
Quantity moves in steps of 0.001 XAUT and the price in steps of 0.1, with a minimum order of 5 USDT. Margin is notional divided by the leverage you choose.
Choose the order type
A resting limit order pays 0.015%, a market order 0.045%, so a 5,000 USDT taker order costs 2.25 USDT. Cashback of up to 35% reduces that further.
How deep the EVEDEX gold book is
Round-the-clock hours are the argument here; depth is where larger venues still win.
CoinMarketCap recorded $14.38M of open interest on EVEDEX XAUT-USD on September 21, 2026, with $9.99M of 24-hour volume; CoinGecko measured a 0.01% spread on September 15. Other venues listing a Tether Gold perpetual were larger on that CoinGecko snapshot of September 15: MEXC at $336.9M of open interest, Gate at $124.0M and Bybit at $117.3M, with Binance at $34.8M. CoinGecko also valued Tether Gold itself at $4,282.89 with 622,823.66 XAUT in circulation. The practical trade-off is simple: a thinner book than the majors, but no weekend close and one USDT account for gold and 51 other markets.
Gold trading questions, answered
XAUTUSD is a perpetual futures contract on EVEDEX priced against Tether Gold, where one XAUT represents one troy ounce of physical gold held in a Swiss vault by TG Commodities Limited. The contract is margined in USDT and never expires, so nothing is delivered or settled in metal.
No. XAUUSD is the spot gold quote offered by forex brokers, usually as a CFD. EVEDEX does not list XAUUSD at all; it lists one perpetual contract priced on Tether Gold, margined in USDT and open 24/7, where a broker's gold market closes for the weekend.
No. Trading XAUTUSD gives you a position, not a bar and not XAUT tokens. Profit and loss settle in USDT on your EVEDEX balance. Anyone who wants the metal itself, or the token itself, needs a bullion dealer or a venue that sells XAUT directly.
The contract trades 24 hours a day, seven days a week, with no session breaks and no delivery months. Exchange-listed gold futures and broker gold markets both pause for sessions, holidays and the weekend, which is the main practical reason traders look at a perpetual.
Up to 100x on positions worth up to $30,000 of notional, then 90x up to $101,000 and 50x up to $386,000. The cap falls as the position grows. At 100x a 1% adverse move in the gold price is enough to consume the initial margin.
Fees are capped at 0.015% maker and 0.045% taker before cashback and apply only to executed orders, so a 5,000 USDT taker order costs 2.25 USDT. Cashback of up to 35% on your own trades lowers the effective rates to 0.00975% and 0.02925%.
Funding keeps the perpetual close to its underlying price and passes directly between longs and shorts, with EVEDEX taking no side. It is calculated every 8 hours for the pair and charged hourly at one eighth of the rate, weekends included, so a held position pays or earns it.
It is small next to the majors. CoinMarketCap recorded $14.38M of open interest and $9.99M of 24-hour volume on XAUT-USD on September 21, 2026, against $336.9M at MEXC and $117.3M at Bybit on CoinGecko’s September 15 snapshot. A $500,000 ADL Protection Reserve has run since July 18, 2026.
