Funding you earn now, next payment 07:00 UTC−0.0030%/8h= −3.3% APRpaid last 24h +0.022%
Price spread now: Bybit against Injective−0.604%78s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bybit is 0.604% cheaper against Injective than usual: you would sell low and buy high (−$60 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 78 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 | 32m 01s | $619 | $54 | 52x |
| Short | Bybit XAUUSDT | 4,324.2 | 0.0003 | get 0.0001% / 4h | 1h 32m | $77.4M | $155.1M | 150x |
Injective XAU/USDC PERP
Bybit XAUUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Injective. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$6.4
- Price spread: −0.604% → 0.000%
- −$60.36
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$77.79
- Costs to cover
- 0.110%
- Break-even
- never at this rate
Slippage unknown: Injective: no order-book sample; Bybit: live order book, 7 min ago. 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 Bybit live order book, 7 min ago | 0.01 bp | 5.6 bp −$6 | 6.9 bp −$69 | 10.8 bp −$1,083 | 35.1 bp −$17.5K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Bluefin GOLD-PERP | −0.0096% | 1h | 4,316.9 | −0.770% | $25K | $14K | 20x | as long as short |
| SunX XAU-USDT | 0.0000% | 4h | 4,326.7 | −0.545% | $92K | $7.8M | 20x | as long as short |
| gTrade (Gains Network) XAU/USD | L +0.0002% / S −0.0003% | 1h | 4,319.5 | −0.711% | $270K | — | 250x | as long as short |
| Bybit XAUUSDTshort | +0.0003% | 4h | 4,324.2 | −0.604% | $77.4M | $155.1M | 150x | |
| Injective XAU/USDC PERPlong | +0.0033% | 1h | 4,350.4 | long leg | $619 | $54 | 52x | |
| StandX XAU-USD | +0.0040% | 1h | 4,323.4 | −0.621% | $3.8M | $4.5M | 40x | as long as short |
| QFEX GOLD-USD | +0.0042% | 1h | 4,322 | −0.653% | $5.4M | $2.1M | 20x | as long as short |
| Vest GC-PERP | +0.0046% | 1h | 4,355.6 | +0.119% | — | $1.0M | 25x | as long as short |
| Extended XAU-USD | +0.0048% | 1h | 4,319.4 | −0.713% | $12.9M | $36.9M | 25x | as long as short |
| tradeXYZ xyz:GOLD | +0.0050% | 1h | 4,319.9 | −0.702% | $291.5M | $51.5M | 25x | as long as short |
Bluefin GOLD-PERP
SunX XAU-USDT
gTrade (Gains Network) XAU/USD
StandX XAU-USD
QFEX GOLD-USD
Vest GC-PERP
Extended XAU-USD
tradeXYZ xyz:GOLDShow all 39 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps XAU-USD.P | +0.0050% | 1h | 4,318.9 | −0.724% | $15.0M | $55.6M | 25x | as long as short |
| Lighter XAU | +0.0064% | 1h | 4,322.8 | −0.634% | $20.3M | $30.5M | 25x | as long as short |
| Aster XAUUSD1 | +0.0068% | 4h | 4,325.1 | −0.581% | $72.5M | $278.2M | 20x | as long as short |
| Coinbase International GOLD-PERP-INTX | +0.0072% | 1h | 4,321.5 | −0.665% | $2.1M | $4.9M | 25x | as long as short |
| Paradex XAU-USD-PERP | +0.0074% | 8h | 4,322.2 | −0.648% | $2K | $13K | 5x | as long as short |
| Kalshi KXGOLDPERP | +0.0075% | 24h | 4,324.5 | −0.596% | $3.8M | $43.6M | 15x | as long as short |
| GRVT XAU_USDT_Perp | +0.0082% | 4h | 4,322.2 | −0.648% | $1.4M | $3.0M | 25x | as long as short |
| Variational Omni XAU | +0.0092% | 4h | 4,321.3 | −0.668% | $47.3M | $28.9M | — | as long as short |
| Hotstuff GOLD-PERP | +0.0096% | 1h | 4,319.9 | −0.702% | $32K | — | 25x | as long as short |
| Gate XAU_USDT | +0.0096% | 4h | 4,325.6 | −0.570% | $282.6M | $415.7M | 100x | as long as short |
| MEXC XAU_USDT | +0.0096% | 4h | 4,323.6 | −0.616% | $364.7M | $330.4M | 1000x | as long as short |
| Binance XAUUSDT | +0.0097% | 4h | 4,323.3 | −0.624% | $416.4M | $2.13B | 100x | as long as short |
| Phoenix GOLD | +0.0100% | 1h | 4,320.2 | −0.695% | $47K | $79K | 25x | as long as short |
| Pacifica XAU | +0.0100% | 1h | 4,319.4 | −0.714% | $1.4M | $1.2M | 10x | as long as short |
| ApeX Omni XAUUSDT | +0.0100% | 1h | 4,318.3 | −0.739% | $272K | $208K | 50x | as long as short |
| edgeX XAUUSDC | +0.0101% | 4h | 4,316.8 | −0.773% | $30.0M | $61.1M | 50x | as long as short |
| Lighter RH XAU | +0.0104% | 1h | 4,325.4 | −0.575% | $19.8M | $38.7M | 25x | as long as short |
| Aevo XAU-PERP | +0.0104% | 1h | 4,322.5 | −0.642% | $160K | $87 | 10x | as long as short |
| Kraken Futures PF_XAUUSD | +0.0153% | 1h | 4,320.3 | −0.693% | $584K | $134K | 25x | as long as short |
| Bullet GOLD-USD | +0.0177% | 1h | 4,323.3 | −0.623% | $59K | $82K | 10x | as long as short |
| RISEx XAU/USDC | +0.0184% | 1h | 4,325.7 | −0.568% | $4.2M | $12.8M | 25x | as long as short |
| Polymarket Perps GOLD-USD | +0.0209% | 1h | 4,323 | −0.630% | $4.3M | $1.9M | 20x | as long as short |
| Bitget XAUUSDT | +0.0228% | 4h | 4,323.3 | −0.624% | $67.8M | $118.5M | 100x | as long as short |
| HTX XAU-USDT | +0.0236% | 4h | 4,328 | −0.516% | $2.8M | $4.9M | 75x | as long as short |
| Deribit GOLD_USDC-PERPETUAL | +0.0282% | 1h | 4,322.3 | −0.646% | $192K | $834K | 25x | as long as short |
| OKX XAU-USDT-SWAP | +0.0309% | 8h | 4,324.1 | −0.605% | $171.3M | $297.7M | 100x | as long as short |
| BloFin XAU-USDT | +0.0337% | 4h | 4,324.1 | −0.605% | $16.1M | $4.6M | 100x | as long as short |
| Phemex XAUUSDT | +0.0344% | 4h | 4,324.6 | −0.594% | $2.2M | $967K | 100x | as long as short |
| GMX GOLD/USD [ETH-USDC] | L +0.0462% / S −0.0307% | 1h | 4,323.3 | −0.623% | $252K | — | 111x | as long as short |
Ondo Perps XAU-USD.P
Lighter XAU
Aster XAUUSD1
Coinbase International GOLD-PERP-INTX
Paradex XAU-USD-PERP
Kalshi KXGOLDPERP
GRVT XAU_USDT_Perp
Variational Omni XAU
Hotstuff GOLD-PERP
Gate XAU_USDT
MEXC XAU_USDT
Binance XAUUSDT
Phoenix GOLD
Pacifica XAU
ApeX Omni XAUUSDT
edgeX XAUUSDC
Lighter RH XAU
Aevo XAU-PERP
Kraken Futures PF_XAUUSD
Bullet GOLD-USD
RISEx XAU/USDC
Polymarket Perps GOLD-USD
Bitget XAUUSDT
HTX XAU-USDT
Deribit GOLD_USDC-PERPETUAL
OKX XAU-USDT-SWAP
BloFin XAU-USDT
Phemex XAUUSDT
GMX GOLD/USD [ETH-USDC]