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

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0212%/8h= +23.2% APRnext payment +$0.27 per $10,000 · paid last 24h +0.036%
Price spread now: GMX against Injective−0.139%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 3 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. GMX is 0.139% cheaper against Injective than usual: you would sell low and buy high (spread −0.139% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 2.2 days of funding at the current rate (+$6 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective XAU/USDC PERP4,350.40.0033pay 0.0004% / 1h0m 41s$619$5452x
ShortGMX GOLD/USD [ETH-USDC]4,344.4L +0.0450% / S −0.0246%get 0.0031% / 1h0m 41s$251K29x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX 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
$44.57
Price spread: −0.139% → 0.000%
−$13.9
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee GMX: 6 bp × 2 orders
−$12
Net
$18.66
Costs to cover
0.120%
Break-even
4.1 days
Slippage unknown: Injective: no order-book sample; GMX: 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 Injective no order-book sample
Sell GMX no order-book sample
Injective and GMX: 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 38 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
Bluefin GOLD-PERP−0.0570%1h4,337−0.309%$26K$21K20xas long as short
Aster XAUUSD10.0000%4h4,344−0.147%$71.1M$240.6M20xas long as short
Binance XAUUSDT0.0000%4h4,344.4−0.139%$411.5M$2.11B100xas long as short
Bybit XAUUSDT0.0000%4h4,345.1−0.123%$82.6M$144.7M150xas long as short
Gate XAU_USDT0.0000%4h4,346−0.101%$273.9M$413.8M100xas long as short
MEXC XAU_USDT0.0000%4h4,343.5−0.160%$371.4M$350.9M1000xas long as short
Bitget XAUUSDT0.0000%4h4,344.9−0.126%$67.3M$113.9M100xas long as short
Variational Omni XAU0.0000%4h4,341.5−0.204%$47.8M$33.8Mas long as short
GRVT XAU_USDT_Perp0.0000%4h4,342−0.194%$1.4M$3.3M25xas long as short
Kalshi KXGOLDPERP0.0000%24h4,342.4−0.184%$3.9M$34.1M15xas long as short
Show all 38 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bullet GOLD-USD0.0000%1h4,344.3−0.141%$59K$84K10xas long as short
SunX XAU-USDT0.0000%4h4,348.5−0.043%$92K$10.9M20xas long as short
HTX XAU-USDT0.0000%4h4,348.7−0.039%$2.8M$3.8M75xas long as short
edgeX XAUUSDC+0.0010%4h4,337.8−0.290%$30.2M$58.0M50xas long as short
tradeXYZ xyz:GOLD+0.0032%1h4,339.9−0.242%$292.2M$53.7M25xas long as short
Lighter XAU+0.0032%1h4,342.2−0.188%$20.7M$46.8M25xas long as short
Lighter RH XAU+0.0032%1h4,344.5−0.135%$20.2M$45.1M25xas long as short
Extended XAU-USD+0.0032%1h4,343.2−0.167%$13.2M$50.6M25xas long as short
Injective XAU/USDC PERPlong+0.0033%1h4,350.4long leg$619$5452x
StandX XAU-USD+0.0040%1h4,342.7−0.177%$3.8M$4.7M40xas long as short
Vest GC-PERP+0.0046%1h4,381.9+0.724%$995K25xas long as short
Polymarket Perps GOLD-USD+0.0050%1h4,342.2−0.189%$4.3M$2.3M20xas long as short
Ondo Perps XAU-USD.P+0.0050%1h4,342.7−0.177%$14.3M$54.8M25xas long as short
Paradex XAU-USD-PERP+0.0050%8h4,344.8−0.129%$19K$6K5xas long as short
QFEX GOLD-USD+0.0052%1h4,344−0.148%$5.5M$1.9M20xas long as short
Coinbase International GOLD-PERP-INTX+0.0072%1h4,340.6−0.226%$2.0M$5.2M25xas long as short
Aevo XAU-PERP+0.0080%1h4,342.6−0.180%$161K$8710xas long as short
Pacifica XAU+0.0100%1h4,342.2−0.188%$1.4M$1.3M10xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,343−0.171%$272K$204K50xas long as short
Phoenix GOLD+0.0109%1h4,343.4−0.161%$47K$69K25xas long as short
Hotstuff GOLD-PERP+0.0136%1h4,339.7−0.246%$33K25xas long as short
OKX XAU-USDT-SWAP+0.0174%8h4,345.6−0.111%$158.1M$274.8M100xas long as short
RISEx XAU/USDC+0.0190%1h4,344.5−0.137%$3.4M$12.6M25xas long as short
BloFin XAU-USDT+0.0240%4h4,344.4−0.139%$14.8M$4.3M100xas long as short
Kraken Futures PF_XAUUSD+0.0333%1h4,341.9−0.196%$599K$157K25xas long as short
Phemex XAUUSDT+0.0389%4h4,344.8−0.129%$2.2M$1.1M100xas long as short
GMX GOLD/USD [ETH-USDC]shortL +0.0450% / S −0.0246%1h4,344.4−0.139%$251K29x
Deribit GOLD_USDC-PERPETUAL+0.0695%1h4,342.6−0.180%$221K$878K25xas long as short