XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0146%/8h= +16.0% APRnext payment +$0.18 per $10,000 · paid last 24h +0.036%

Price spread now: Bullet against Injective−0.232%54s7-day average — · you buy dearer than you sell

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

Long on Injective Short on Bullet

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 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Bullet is 0.232% cheaper against Injective than usual: you would sell low and buy high (spread −0.232% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$23 on $10k: about 5.3 days of funding at the current rate (+$4 a day). 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	Injective XAU/USDC PERP	4,350.4	0.0033	pay 0.0004% / 1h	51m 52s	$619	$54	52x
Short	Bullet GOLD-USD	4,340.3	0.0179	get 0.0022% / 1h	51m 52s	$59K	$76K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet 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

Position, each leg$Hold fordaysFee InjectivebpFee BulletbpOrdersPrice spread, now −0.232%Rate

Funding earned: $30.69
Price spread: −0.232% → 0.000%: −$23.25
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$0.58
Costs to cover: 0.080%
Break-even: 7.1 days

Slippage unknown: Injective: no order-book sample; Bullet: 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 Injective no order-book sample	—	—	—	—	—
Sell Bullet no order-book sample	—	—	—	—	—

Injective and Bullet: 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 exchanges

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	−3.0304%	1h	4,318.3	−0.738%	$32K	—	25x	as long as short
Bluefin GOLD-PERP	−0.0058%	1h	4,332.6	−0.411%	$25K	$1K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,343.9	−0.150%	$92K	$6.0M	20x	as long as short
Coinbase International GOLD-PERP-INTX	0.0000%	1h	4,333.3	−0.394%	$2.1M	$5.3M	25x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,334.1	−0.376%	$274K	—	250x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0027%	1h	4,338.3	−0.279%	$135K	$707K	25x	as long as short
Injective XAU/USDC PERPlong	+0.0033%	1h	4,350.4	long leg	$619	$54	52x
StandX XAU-USD	+0.0040%	1h	4,341.5	−0.205%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0041%	1h	4,337.6	−0.295%	$6.7M	$3.2M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,373.1	+0.521%	—	$1.0M	25x	as long as short

Show all 39 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:GOLD	+0.0050%	1h	4,336.3	−0.325%	$292.7M	$51.5M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,334.6	−0.363%	$15.1M	$59.1M	25x	as long as short
Paradex XAU-USD-PERP	+0.0055%	8h	4,338.1	−0.284%	$2K	$13K	5x	as long as short
Polymarket Perps GOLD-USD	+0.0061%	1h	4,338	−0.285%	$4.3M	$1.7M	20x	as long as short
Aster XAUUSD1	+0.0066%	4h	4,340.3	−0.232%	$72.6M	$276.0M	20x	as long as short
Variational Omni XAU	+0.0087%	4h	4,337.4	−0.299%	$47.3M	$29.2M	—	as long as short
Gate XAU_USDT	+0.0094%	4h	4,340.2	−0.235%	$300.4M	$442.0M	100x	as long as short
Lighter XAU	+0.0096%	1h	4,339.8	−0.244%	$20.2M	$30.3M	25x	as long as short
Lighter RH XAU	+0.0096%	1h	4,342	−0.194%	$19.6M	$39.8M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,334.8	−0.358%	$1.4M	$1.3M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,337.3	−0.302%	$285K	$223K	50x	as long as short
Binance XAUUSDT	+0.0101%	4h	4,338.9	−0.264%	$443.9M	$2.43B	100x	as long as short
MEXC XAU_USDT	+0.0102%	4h	4,338.8	−0.267%	$367.7M	$351.7M	1000x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,338.9	−0.265%	$161K	$87	10x	as long as short
GRVT XAU_USDT_Perp	+0.0106%	4h	4,340.9	−0.220%	$1.4M	$3.1M	25x	as long as short
edgeX XAUUSDC	+0.0115%	4h	4,333.8	−0.383%	$30.3M	$67.1M	50x	as long as short
Phoenix GOLD	+0.0127%	1h	4,334.6	−0.364%	$43K	$71K	25x	as long as short
Bybit XAUUSDT	+0.0128%	4h	4,340.1	−0.238%	$82.6M	$173.2M	150x	as long as short
Extended XAU-USD	+0.0128%	1h	4,335.7	−0.337%	$12.5M	$34.5M	25x	as long as short
Kalshi KXGOLDPERP	+0.0136%	24h	4,341	−0.217%	$3.5M	$51.0M	15x	as long as short
Bullet GOLD-USDshort	+0.0179%	1h	4,340.3	−0.232%	$59K	$76K	10x
RISEx XAU/USDC	+0.0205%	1h	4,338.9	−0.264%	$4.7M	$13.3M	25x	as long as short
Phemex XAUUSDT	+0.0210%	4h	4,342.2	−0.189%	$2.3M	$784K	100x	as long as short
Bitget XAUUSDT	+0.0216%	4h	4,339.1	−0.259%	$73.0M	$139.5M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0240%	8h	4,339.7	−0.246%	$170.5M	$361.2M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0253%	1h	4,336.7	−0.316%	$584K	$167K	25x	as long as short
BloFin XAU-USDT	+0.0345%	4h	4,338.2	−0.280%	$16.3M	$5.3M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0461% / S −0.0308%	1h	4,340.3	−0.232%	$254K	—	111x	as long as short
HTX XAU-USDT	+0.1095%	4h	4,344.7	−0.131%	$3.2M	$7.1M	75x	as long as short