Settings8H · net · $10k
Funding arb · Price arb /

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC−0.0067%/8h= −7.3% APRnext payment $0.08 per $10,000 · paid last 24h −0.018%
Price spread now: Injective against ApeX Omni+0.068%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread pays, funding is against you. Injective is 0.068% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.068% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.4 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni XAUUSDT4,347.50.0100pay 0.0013% / 1h7m 50s$275K$203K50x
ShortInjective XAU/USDC PERP4,350.40.0033get 0.0004% / 1h7m 50s$619$5452x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective against ApeX Omni. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$14
Price spread: +0.068% → 0.000%
$6.81
Slippage, 4 orders
no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
−$17.21
Costs to cover
0.100%
Break-even
never at this rate
Slippage unknown: ApeX Omni: live order book, 54 min ago; Injective: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 54 min ago4.79 bp16.0 bp −$1624.9 bp −$24934.3 bp −$3,426doesn't fit
Sell Injective no order-book sample
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

XAU on 39 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate XAU_USDT0.0000%4h4,350.7+0.073%$264.3M$416.8M100xas long as short
SunX XAU-USDT0.0000%4h4,354.9+0.172%$93K$9.1M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,346.7−0.018%$267K250xas long as short
RISEx XAU/USDC+0.0010%1h4,350.4+0.068%$3.4M$12.4M25xas long as short
Hotstuff GOLD-PERP+0.0024%1h4,347.3−0.004%$33K25xas long as short
Extended XAU-USD+0.0032%1h4,345−0.056%$13.4M$38.7M25xas long as short
Injective XAU/USDC PERPshort+0.0033%1h4,350.4+0.068%$619$5452x
Aster XAUUSD1+0.0040%4h4,349+0.034%$70.8M$334.1M20xas long as short
StandX XAU-USD+0.0040%1h4,350.1+0.061%$3.8M$4.6M40xas long as short
Kalshi KXGOLDPERP+0.0040%24h4,348.5+0.024%$4.1M$37.1M15xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Vest GC-PERP+0.0046%1h4,383.5+0.829%$1.0M25xas long as short
QFEX GOLD-USD+0.0046%1h4,350.1+0.061%$5.7M$2.0M20xas long as short
Lighter XAU+0.0048%1h4,349.1+0.037%$20.6M$42.6M25xas long as short
Coinbase International GOLD-PERP-INTX+0.0048%1h4,347.5+0.001%$2.0M$4.9M25xas long as short
tradeXYZ xyz:GOLD+0.0050%1h4,346−0.034%$293.9M$48.9M25xas long as short
Ondo Perps XAU-USD.P+0.0050%1h4,347.1−0.009%$15.1M$56.8M25xas long as short
Variational Omni XAU+0.0053%4h4,347.3−0.004%$48.5M$27.8Mas long as short
GRVT XAU_USDT_Perp+0.0054%4h4,349.5+0.046%$1.4M$2.9M25xas long as short
Lighter RH XAU+0.0056%1h4,351+0.082%$20.1M$39.9M25xas long as short
MEXC XAU_USDT+0.0072%4h4,349+0.034%$371.1M$320.5M1000xas long as short
Binance XAUUSDT+0.0073%4h4,348.7+0.030%$410.6M$2.10B100xas long as short
Paradex XAU-USD-PERP+0.0078%8h4,350.6+0.073%$19K$5K5xas long as short
edgeX XAUUSDC+0.0084%4h4,343.5−0.091%$30.2M$58.4M50xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0095%1h4,348.1+0.015%$254K$752K25xas long as short
Aevo XAU-PERP+0.0096%1h4,349.6+0.049%$161K$8710xas long as short
Pacifica XAU+0.0100%1h4,347−0.010%$1.4M$1.1M10xas long as short
ApeX Omni XAUUSDTlong+0.0100%1h4,347.5long leg$275K$203K50x
Polymarket Perps GOLD-USD+0.0116%1h4,350.2+0.063%$4.3M$1.9M20xas long as short
Phoenix GOLD+0.0136%1h4,350.4+0.068%$47K$77K25xas long as short
Phemex XAUUSDT+0.0186%4h4,353.7+0.142%$2.2M$1.1M100xas long as short
Bullet GOLD-USD+0.0191%1h4,350.8+0.078%$60K$83K10xas long as short
Bybit XAUUSDT+0.0204%4h4,350+0.059%$84.4M$145.5M150xas long as short
Bitget XAUUSDT+0.0214%4h4,348.5+0.025%$70.2M$109.5M100xas long as short
OKX XAU-USDT-SWAP+0.0258%8h4,349.9+0.056%$165.3M$283.3M100xas long as short
Kraken Futures PF_XAUUSD+0.0270%1h4,347.6+0.004%$593K$133K25xas long as short
BloFin XAU-USDT+0.0291%4h4,350.1+0.061%$15.5M$4.6M100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0405% / S −0.0219%1h4,350.9+0.078%$248K111xas long as short
Bluefin GOLD-PERP+0.0473%1h4,344.3−0.073%$25K$14K20xas long as short
HTX XAU-USDT+0.0585%4h4,356+0.197%$2.9M$4.2M75xas long as short