GDXUSDT Price Today: Live Gold Miners Data

This page tracks the live GDXUSDT price on Bybit, including mark price, funding rate, open interest, and key contract data for the VanEck Gold Miners ETF perpetual. All price data updates in real time.

[LIVE PRICE WIDGET] Mark Price | Last Price | 24h Change % | 24h High | 24h Low | 24h Volume (USDT) | Index Price

[TRADINGVIEW INTERACTIVE CHART] Timeframes: 1m | 5m | 15m | 1h | 4h | 1D | 1W

[ATH/ATL CALLOUT ROW] All-Time High: [VERIFY] | All-Time Low: [VERIFY] | 52-Week Range: [VERIFY]

What Is GDXUSDT?

GDXUSDT is a USDT-margined perpetual futures contract on Bybit that tracks the price of GDX (the VanEck Gold Miners ETF), giving traders leveraged exposure to gold mining stocks without owning the ETF or its underlying shares.

The contract is a synthetic derivative. Holding a GDXUSDT position does not confer ownership of GDX ETF shares, the ETF's underlying mining stocks, or any physical gold. USDT (Tether), the USD-pegged stablecoin issued by Tether Limited, serves as both the quote currency and the settlement and margin currency. Traders need only a USDT balance on Bybit to open and manage a position. The contract trades 24 hours a day, 7 days a week, with no market close or expiry date.

GDXUSDT sits within the broader crypto derivatives market, where perpetual contracts give traders exposure to assets ranging from major cryptocurrencies to commodity-linked instruments like gold miners, all without owning the underlying asset.

What Is the GDX ETF? Understanding the Underlying Asset

GDX is the VanEck Gold Miners ETF, an exchange-traded fund managed by Van Eck Associates Corporation that tracks the NYSE Arca Gold Miners Index. The real ETF trades on NYSE Arca (the US electronic stock exchange for ETF listings) under the ticker GDX.

GDX holds shares of the world's largest gold mining companies. Its top three constituents are Newmont Corporation (NYSE: NEM), Barrick Gold Corporation (NYSE: GOLD), and Agnico Eagle Mines (NYSE: AEM), three of the largest gold producers by market capitalisation. GDX's NAV (net asset value) reflects the aggregate market value of these mining company holdings, meaning the ETF's price rises and falls with the performance of the gold mining sector as a whole.

Bybit's GDXUSDT perpetual uses GDX's market price as its index reference. GDX focuses on large-cap, established gold producers. The separate GDXJ (VanEck Junior Gold Miners ETF) tracks smaller, exploration-stage mining companies and carries a higher-risk profile than GDX.

How Does a GDXUSDT Perpetual Contract Work?

A GDXUSDT perpetual contract is a derivative with no expiry date, meaning traders can hold a long or short position for as long as they choose without a settlement deadline.

The four key mechanics of the GDXUSDT USDT Linear Perpetual on Bybit are:

• No expiry date. Unlike dated futures contracts, GDXUSDT positions do not expire. Traders can hold or close positions at any time.
• Funding rate anchor. A periodic payment between long and short holders, settled every 8 hours, keeps the perpetual contract price anchored close to the GDX index price.
• USDT margin and settlement. Positions are margined and settled in USDT. There is no physical delivery of ETF shares or gold.
• Long or short. Traders can go long (profit if price rises) or go short (profit if price falls), which is not available to standard GDX ETF purchasers without a broker margin account.

The mark price, calculated from the index price plus a funding basis component, governs unrealized P&L and liquidation triggers. The funding rate and mark price sections below cover both mechanics in detail.

GDXUSDT Funding Rate, Open Interest & Live Market Data

Open interest, funding rate, and volume are the three metrics that most directly indicate GDXUSDT market conditions and position-holding costs. The live data below covers each.

[MARKET DATA STRIP]

Open interest represents the total number of outstanding GDXUSDT contracts that have not been settled. Rising open interest alongside rising price has historically indicated strong buying conviction; rising open interest alongside falling price has historically indicated bearish positioning.

The long/short ratio shows the proportion of traders currently holding long positions versus short positions, offering a real-time snapshot of market sentiment.

24h volume represents the total value of GDXUSDT contracts traded in the past 24 hours and indicates the liquidity depth available in the market.

The index price is the reference price derived from GDX's market price on external equity exchanges, used as the basis for calculating GDXUSDT's mark price.

What Is the GDXUSDT Funding Rate?

The GDXUSDT funding rate is a periodic payment exchanged between long and short position holders every 8 hours on Bybit.

When the funding rate is positive, long position holders pay short position holders. When the funding rate is negative, short position holders pay long position holders. The funding rate keeps the GDXUSDT perpetual price anchored close to the GDX index price over time. A positive funding rate of 0.01% per 8-hour interval means a long position holder pays approximately 0.03% of their position value per day as a holding cost.

The funding rate is separate from Bybit's maker and taker trading fees. Trading fees apply to every order executed regardless of position direction. The funding rate applies only to positions held through a funding settlement interval and is direction-dependent.

[FUNDING RATE WIDGET] Current Rate: [LIVE] | Direction: [LIVE] | Next Settlement: [LIVE COUNTDOWN]

Understanding GDXUSDT Mark Price

The GDXUSDT mark price is a fair value calculated from the index price plus a funding basis component, and it differs from the last traded price shown on the order book.

Three distinct price values appear on Bybit's interface: the index price (derived from GDX's external market price), the mark price (fair value based on index price plus funding basis), and the last traded price (the most recent transaction on the order book). These values are not identical. Unrealized P&L for open GDXUSDT positions is calculated using the mark price, and liquidation is triggered when the mark price reaches a position's liquidation level, not when the last traded price does. Traders managing open positions should monitor the mark price as their primary reference for both P&L and liquidation risk.

GDXUSDT Contract Specifications

The table below outlines the key contract specifications for GDXUSDT on Bybit.

All leverage, margin, and contract size figures must be verified against the current Bybit GDXUSDT contract specifications at time of publication, as parameters are subject to change.

Trade GDXUSDT on Bybit

What Drives the GDXUSDT Price?

GDXUSDT price is driven primarily by the performance of GDX (the VanEck Gold Miners ETF), which in turn responds to gold spot price (XAU/USD) movements, the strength of the US dollar, and the earnings performance of major gold mining companies including Newmont Corporation, Barrick Gold, and Agnico Eagle Mines.

The causal chain runs as follows: changes in gold spot price (XAU/USD) affect gold mining company profit margins, which affect stock valuations for companies like Newmont and Barrick, which move GDX's NAV, which shifts the GDXUSDT index price, which the perpetual's mark price tracks through the funding mechanism.

Gold spot price has historically shown an inverse relationship with US dollar strength. When the dollar strengthens, gold becomes more expensive for non-USD buyers, reducing demand and tending to weigh on XAU/USD. Conversely, USD weakness, rising inflation expectations, geopolitical risk, and central bank policy signals pointing toward lower real interest rates have historically supported gold prices.

GDX-specific equity factors can cause GDXUSDT to diverge from pure gold spot movements. Mining company earnings, production cost changes, operational disruptions, and sector-level equity market sentiment all affect GDX independently of XAU/USD. GDX tracks miners as equities, not gold itself, which explains why GDXUSDT does not always mirror gold spot price. Traders monitoring GDXUSDT for macro positioning typically track XAU/USD alongside GDXUSDT price charts to maintain the full context of what is driving price action.

GDXUSDT vs GDX ETF: Key Differences

GDXUSDT is not the same as buying the GDX ETF. It is a synthetic perpetual derivative on Bybit that tracks GDX's price without conferring ownership of the ETF or its underlying gold mining stocks.

The three most practically significant differences for active traders are the funding rate holding cost (which GDX ETF holders do not pay), the 24/7 trading availability (GDX ETF only trades during NYSE Arca market hours), and the ability to go short GDXUSDT without a broker margin account. The index price mechanism keeps GDXUSDT aligned with GDX over time, though brief funding-driven premiums or discounts can produce short-term divergences between the perpetual price and the underlying ETF's NAV.

How to Trade GDXUSDT on Bybit

To trade GDXUSDT on Bybit, log in to your account, navigate to Derivatives, then USDT Perpetual, search for GDXUSDT, select your leverage and margin mode, and place a buy (long) or sell (short) order.

Follow these steps to open a GDXUSDT position:

1. Log in to Bybit and confirm your USDT balance is funded in your Derivatives wallet.
2. Navigate to Derivatives > USDT Perpetual and search for "GDXUSDT" in the pair search bar.
3. Select margin mode. Choose cross margin (shared account balance as margin) or isolated margin (a fixed margin amount per position). Then set your leverage.
4. Choose your order type. Select market (execute immediately at current price), limit (execute at a specified price), or conditional (trigger-based) order. Enter your position size.
5. Place your order. Click "Buy/Long" to open a long position and profit if GDXUSDT rises. Click "Sell/Short" to open a short position and profit if GDXUSDT falls. Both directions are available on this perpetual contract.
6. Set stop-loss and take-profit levels to define your risk parameters before leaving the trading interface.
7. Monitor your position using the mark price (for accurate P&L), the funding rate countdown (to track upcoming holding costs), and your liquidation price (to assess margin buffer).

Traders commonly apply technical indicators including RSI (Relative Strength Index), MACD (Moving Average Convergence Divergence), and Bollinger Bands to the GDXUSDT price chart to identify momentum shifts and potential entry or exit points.

For a full breakdown of maker and taker fees applicable to GDXUSDT derivatives trading, see the Bybit fee schedule.

Start Trading GDXUSDT on Bybit

Risks of Trading GDXUSDT

Trading GDXUSDT on leverage carries four key risk factors that traders should account for before opening a position.

• Liquidation risk. When the GDXUSDT mark price reaches a position's liquidation level, Bybit automatically closes the position to prevent the account balance from going negative. Liquidation is triggered by the mark price, not the last traded price. Traders can reduce liquidation risk by using lower leverage, maintaining a larger margin buffer, or placing stop-loss orders at defined price levels.

• Funding rate cost erosion. A positive funding rate represents a continuous holding cost for long position holders. In extended periods of high positive funding, this cost erodes P&L even when the GDXUSDT price moves in a favorable direction. Traders should check the current funding rate and the next settlement countdown before sizing a position.

• Gold price volatility. GDXUSDT price can move sharply in response to macro events that affect gold and gold mining stocks: central bank interest rate decisions, geopolitical developments, USD-driven moves in XAU/USD, and sector-specific news from major miners. Gold-linked instruments can experience rapid price swings from drivers that lie outside standard crypto market hours.

• Niche pair liquidity. As a commodity-linked ETF perpetual rather than a major crypto pair, GDXUSDT may carry wider bid-ask spreads and lower order book depth than BTC or ETH perpetuals. Traders executing larger positions should assess available liquidity before entering.

Calculate Your GDXUSDT Liquidation Price

GDXUSDT FAQ

What is GDXUSDT?

GDXUSDT is a USDT-margined perpetual futures contract on Bybit that tracks the price of the VanEck Gold Miners ETF (GDX). It is a synthetic derivative, meaning traders gain price exposure to gold mining stocks without owning GDX ETF shares or any underlying mining company stock.

What is the GDX ETF?

GDX is the VanEck Gold Miners ETF, managed by Van Eck Associates Corporation and traded on NYSE Arca. It tracks the NYSE Arca Gold Miners Index, with top holdings including Newmont Corporation (NEM) and Barrick Gold (GOLD), two of the world's largest gold producers by market capitalisation.

How does a perpetual contract work?

A perpetual contract is a derivative with no expiry date. Traders can hold long or short positions indefinitely. A funding rate, settled every 8 hours on Bybit, keeps the perpetual contract price anchored close to the underlying asset's index price. Margin and settlement are handled in USDT.

What is the funding rate for GDXUSDT?

The GDXUSDT funding rate is the periodic payment exchanged between long and short position holders every 8 hours on Bybit. The current live rate is displayed in the market data section above. A positive rate means long holders pay short holders; a negative rate means short holders pay long holders.

What is the max leverage for GDXUSDT on Bybit?

The maximum leverage for GDXUSDT on Bybit is shown in the contract specifications table above. Verify the current cap directly on the Bybit GDXUSDT contract page before trading, as leverage parameters are subject to change.

What are the trading hours for GDXUSDT?

GDXUSDT trades 24 hours a day, 7 days a week with no market close or session break. This contrasts with the real GDX ETF, which only trades during NYSE Arca market hours on business days. The perpetual contract on Bybit has no expiry and no scheduled downtime.

What drives the GDXUSDT price?

GDXUSDT price is driven primarily by gold spot price (XAU/USD), which affects gold mining company profitability and therefore GDX ETF performance. Secondary drivers include US dollar strength, central bank policy, inflation expectations, geopolitical risk, and company-specific factors for major GDX holdings like Newmont Corporation and Barrick Gold.

Is GDXUSDT the same as buying the GDX ETF?

No. GDXUSDT is a synthetic perpetual derivative that tracks GDX's price on Bybit. Holding GDXUSDT does not confer ownership of GDX ETF shares or the underlying mining stocks. Key differences include 24/7 trading availability, leverage access, a funding rate holding cost, and USDT settlement, none of which apply to standard GDX ETF ownership.

Related Markets on Bybit

Traders monitoring GDXUSDT may also find these related perpetual markets on Bybit relevant.

• XAUUSDT perpetual (gold spot price perpetual on Bybit)
• GDXJUSDT perpetual (VanEck Junior Gold Miners ETF perpetual)
• SILUSDT perpetual (silver perpetual on Bybit)
• Perpetual contracts guide on Bybit (how USDT perpetuals work)
• Bybit fee schedule (derivatives maker and taker fees)

Risk Disclaimer

Trading perpetual contracts involves significant risk of loss. Past performance does not guarantee future results. This content is for informational purposes only and does not constitute financial advice. Please ensure you understand the risks involved before trading.