XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0180%/8h= −19.7% APRnext payment −$0.22 per $10,000 · paid last 24h −0.032%

Price spread now: Injective against Bullet−0.284%54s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bullet Short on Injective

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Injective is 0.284% cheaper against Bullet than usual: you would sell low and buy high (−$28 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet GOLD-USD	4,362.8	0.0213	pay 0.0027% / 1h	29m 51s	$59K	$82K	10x
Short	Injective XAU/USDC PERP	4,350.4	0.0033	get 0.0004% / 1h	29m 51s	$619	$54	52x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Bullet. 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

Position, each leg$Hold fordaysFee BulletbpFee InjectivebpOrdersPrice spread, now −0.284%Rate

Funding earned: −$37.77
Price spread: −0.284% → 0.000%: −$28.38
Slippage, 4 orders: no order book: not counted
Fee Bullet: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$74.18
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Bullet: no order-book sample; 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bullet no order-book sample	—	—	—	—	—
Sell Injective no order-book sample	—	—	—	—	—

Bullet and 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff GOLD-PERP	−0.0008%	1h	4,359.7	−0.071%	$33K	—	25x	as long as short
Aster XAUUSD1	0.0000%	4h	4,362.6	−0.004%	$71.1M	$200.6M	20x	as long as short
Gate XAU_USDT	0.0000%	4h	4,363.9	+0.025%	$265.6M	$414.9M	100x	as long as short
Variational Omni XAU	0.0000%	4h	4,362.5	−0.007%	$48.0M	$28.0M	—	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,359.7	−0.071%	$4.0M	$36.4M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,366.8	+0.092%	$93K	$10.3M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,358	−0.110%	$267K	—	250x	as long as short
MEXC XAU_USDT	+0.0010%	4h	4,362.7	−0.002%	$373.2M	$326.0M	1000x	as long as short
Binance XAUUSDT	+0.0013%	4h	4,362.6	−0.004%	$412.0M	$2.15B	100x	as long as short
edgeX XAUUSDC	+0.0022%	4h	4,359.4	−0.077%	$30.3M	$60.5M	50x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XAU/USDC PERPshort	+0.0033%	1h	4,350.4	−0.284%	$619	$54	52x
StandX XAU-USD	+0.0040%	1h	4,364.2	+0.032%	$3.8M	$4.7M	40x	as long as short
Bitget XAUUSDT	+0.0044%	4h	4,362.7	−0.001%	$69.5M	$113.3M	100x	as long as short
QFEX GOLD-USD	+0.0045%	1h	4,362.6	−0.005%	$5.6M	$1.9M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,396.4	+0.770%	—	$1.0M	25x	as long as short
BloFin XAU-USDT	+0.0046%	4h	4,363.5	+0.015%	$15.5M	$4.5M	100x	as long as short
RISEx XAU/USDC	+0.0048%	1h	4,362.8	−0.001%	$3.4M	$12.3M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,359.7	−0.071%	$293.9M	$52.5M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,357.9	−0.112%	$14.7M	$57.2M	25x	as long as short
Phoenix GOLD	+0.0055%	1h	4,361.9	−0.021%	$48K	$64K	25x	as long as short
Lighter XAU	+0.0072%	1h	4,361.2	−0.037%	$20.6M	$43.9M	25x	as long as short
Paradex XAU-USD-PERP	+0.0080%	8h	4,362.4	−0.009%	$19K	$5K	5x	as long as short
Aevo XAU-PERP	+0.0088%	1h	4,361.7	−0.026%	$162K	$87	10x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0096%	1h	4,360.1	−0.062%	$2.0M	$5.1M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,359.9	−0.067%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,360.8	−0.047%	$275K	$204K	50x	as long as short
Lighter RH XAU	+0.0104%	1h	4,363.6	+0.018%	$20.2M	$41.0M	25x	as long as short
Bybit XAUUSDT	+0.0106%	4h	4,363.6	+0.019%	$83.0M	$143.7M	150x	as long as short
Extended XAU-USD	+0.0120%	1h	4,358.2	−0.105%	$13.5M	$44.0M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0128%	1h	4,361.7	−0.025%	$4.3M	$1.8M	20x	as long as short
GRVT XAU_USDT_Perp	+0.0154%	4h	4,365.2	+0.056%	$1.4M	$3.1M	25x	as long as short
Bluefin GOLD-PERP	+0.0185%	1h	4,355.5	−0.167%	$26K	$22K	20x	as long as short
OKX XAU-USDT-SWAP	+0.0194%	8h	4,363.9	+0.025%	$165.6M	$286.2M	100x	as long as short
Bullet GOLD-USDlong	+0.0213%	1h	4,362.8	long leg	$59K	$82K	10x
Kraken Futures PF_XAUUSD	+0.0225%	1h	4,359.6	−0.074%	$595K	$150K	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0278%	1h	4,360.8	−0.046%	$235K	$656K	25x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0389% / S −0.0197%	1h	4,362.6	−0.006%	$252K	—	111x	as long as short
Phemex XAUUSDT	+0.0521%	4h	4,366.1	+0.075%	$2.2M	$1.1M	100x	as long as short
HTX XAU-USDT	+0.0618%	4h	4,366.4	+0.082%	$2.9M	$3.9M	75x	as long as short