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: ApeX Omni against Injective−0.079%7-day average · you buy dearer than you sell
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
Funding pays, the price is against you. ApeX Omni is 0.079% cheaper against Injective than usual: you would sell low and buy high (spread −0.079% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 3.9 days of funding at the current rate (+$2 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective XAU/USDC PERP4,350.40.0033pay 0.0004% / 1h5m 07s$619$5452x
ShortApeX Omni XAUUSDT4,3470.0100get 0.0013% / 1h5m 07s$275K$203K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Injective. 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: −0.079% → 0.000%
−$7.86
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$3.88
Costs to cover
0.100%
Break-even
8.9 days
Slippage unknown: Injective: no order-book sample; ApeX Omni: live order book, 57 min ago. 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 Injective no order-book sample
Sell ApeX Omni live order book, 57 min ago4.79 bp19.9 bp −$2034.7 bp −$34744.0 bp −$4,399doesn't fit
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%4h4,348.3−0.048%$264.5M$417.3M100xas long as short
SunX XAU-USDT0.0000%4h4,352+0.036%$92K$9.1M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,343.5−0.160%$266K250xas long as short
RISEx XAU/USDC+0.0010%1h4,347.1−0.075%$3.4M$12.4M25xas long as short
Extended XAU-USD+0.0032%1h4,343.4−0.161%$13.4M$38.7M25xas long as short
Injective XAU/USDC PERPlong+0.0033%1h4,350.4long leg$619$5452x
Aster XAUUSD1+0.0040%4h4,347−0.080%$70.8M$334.0M20xas long as short
StandX XAU-USD+0.0040%1h4,348.4−0.046%$3.8M$4.6M40xas long as short
Kalshi KXGOLDPERP+0.0041%24h4,344.4−0.138%$4.1M$37.1M15xas long as short
Vest GC-PERP+0.0046%1h4,380.3+0.687%$1.0M25xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX GOLD-USD+0.0046%1h4,347.3−0.072%$5.7M$2.0M20xas long as short
Lighter XAU+0.0048%1h4,345.1−0.122%$20.6M$42.6M25xas long as short
Coinbase International GOLD-PERP-INTX+0.0048%1h4,343−0.171%$2.0M$4.9M25xas long as short
tradeXYZ xyz:GOLD+0.0050%1h4,344.5−0.136%$293.8M$48.9M25xas long as short
Ondo Perps XAU-USD.P+0.0050%1h4,344−0.147%$15.1M$56.8M25xas long as short
GRVT XAU_USDT_Perp+0.0054%4h4,350.1−0.007%$1.4M$2.9M25xas long as short
Lighter RH XAU+0.0056%1h4,347.2−0.073%$20.1M$39.9M25xas long as short
Variational Omni XAU+0.0057%4h4,346−0.101%$48.5M$27.7Mas long as short
Hotstuff GOLD-PERP+0.0064%1h4,344−0.148%$33K25xas long as short
MEXC XAU_USDT+0.0074%4h4,346.3−0.096%$370.8M$320.6M1000xas long as short
Binance XAUUSDT+0.0074%4h4,346.3−0.095%$410.4M$2.10B100xas long as short
Paradex XAU-USD-PERP+0.0078%8h4,347.6−0.065%$19K$5K5xas long as short
edgeX XAUUSDC+0.0085%4h4,343.7−0.155%$30.2M$58.5M50xas long as short
Aevo XAU-PERP+0.0096%1h4,346.8−0.084%$161K$8710xas long as short
Pacifica XAU+0.0100%1h4,344−0.148%$1.4M$1.1M10xas long as short
ApeX Omni XAUUSDTshort+0.0100%1h4,347−0.079%$275K$203K50x
Polymarket Perps GOLD-USD+0.0116%1h4,346.8−0.083%$4.3M$1.9M20xas long as short
Phoenix GOLD+0.0136%1h4,346−0.102%$47K$77K25xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0187%1h4,345.3−0.118%$254K$752K25xas long as short
Bullet GOLD-USD+0.0192%1h4,347.4−0.069%$60K$83K10xas long as short
Phemex XAUUSDT+0.0201%4h4,349.9−0.012%$2.2M$1.1M100xas long as short
Bybit XAUUSDT+0.0208%4h4,347.8−0.060%$84.4M$145.4M150xas long as short
Bitget XAUUSDT+0.0216%4h4,346.4−0.092%$70.2M$109.3M100xas long as short
OKX XAU-USDT-SWAP+0.0260%8h4,348−0.056%$165.3M$283.3M100xas long as short
Kraken Futures PF_XAUUSD+0.0270%1h4,344.7−0.131%$593K$133K25xas long as short
BloFin XAU-USDT+0.0297%4h4,347.2−0.074%$15.7M$4.6M100xas long as short
Bluefin GOLD-PERP+0.0403%1h4,342.3−0.187%$25K$14K20xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0405% / S −0.0220%1h4,347.4−0.069%$248K111xas long as short
HTX XAU-USDT+0.0590%4h4,352.4+0.046%$2.9M$4.2M75xas long as short