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
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
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).
| 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 | 0m 41s | $619 | $54 | 52x |
| Short | GMX GOLD/USD [ETH-USDC] | 4,344.4 | L +0.0450% / S −0.0246% | get 0.0031% / 1h | 0m 41s | $251K | — | 29x |
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 itlatest
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| Leg | Half-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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bluefin GOLD-PERP | −0.0570% | 1h | 4,337 | −0.309% | $26K | $21K | 20x | as long as short |
| Aster XAUUSD1 | 0.0000% | 4h | 4,344 | −0.147% | $71.1M | $240.6M | 20x | as long as short |
| Binance XAUUSDT | 0.0000% | 4h | 4,344.4 | −0.139% | $411.5M | $2.11B | 100x | as long as short |
| Bybit XAUUSDT | 0.0000% | 4h | 4,345.1 | −0.123% | $82.6M | $144.7M | 150x | as long as short |
| Gate XAU_USDT | 0.0000% | 4h | 4,346 | −0.101% | $273.9M | $413.8M | 100x | as long as short |
| MEXC XAU_USDT | 0.0000% | 4h | 4,343.5 | −0.160% | $371.4M | $350.9M | 1000x | as long as short |
| Bitget XAUUSDT | 0.0000% | 4h | 4,344.9 | −0.126% | $67.3M | $113.9M | 100x | as long as short |
| Variational Omni XAU | 0.0000% | 4h | 4,341.5 | −0.204% | $47.8M | $33.8M | — | as long as short |
| GRVT XAU_USDT_Perp | 0.0000% | 4h | 4,342 | −0.194% | $1.4M | $3.3M | 25x | as long as short |
| Kalshi KXGOLDPERP | 0.0000% | 24h | 4,342.4 | −0.184% | $3.9M | $34.1M | 15x | as long as short |
Show all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bullet GOLD-USD | 0.0000% | 1h | 4,344.3 | −0.141% | $59K | $84K | 10x | as long as short |
| SunX XAU-USDT | 0.0000% | 4h | 4,348.5 | −0.043% | $92K | $10.9M | 20x | as long as short |
| HTX XAU-USDT | 0.0000% | 4h | 4,348.7 | −0.039% | $2.8M | $3.8M | 75x | as long as short |
| edgeX XAUUSDC | +0.0010% | 4h | 4,337.8 | −0.290% | $30.2M | $58.0M | 50x | as long as short |
| tradeXYZ xyz:GOLD | +0.0032% | 1h | 4,339.9 | −0.242% | $292.2M | $53.7M | 25x | as long as short |
| Lighter XAU | +0.0032% | 1h | 4,342.2 | −0.188% | $20.7M | $46.8M | 25x | as long as short |
| Lighter RH XAU | +0.0032% | 1h | 4,344.5 | −0.135% | $20.2M | $45.1M | 25x | as long as short |
| Extended XAU-USD | +0.0032% | 1h | 4,343.2 | −0.167% | $13.2M | $50.6M | 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 | 4,342.7 | −0.177% | $3.8M | $4.7M | 40x | as long as short |
| Vest GC-PERP | +0.0046% | 1h | 4,381.9 | +0.724% | — | $995K | 25x | as long as short |
| Polymarket Perps GOLD-USD | +0.0050% | 1h | 4,342.2 | −0.189% | $4.3M | $2.3M | 20x | as long as short |
| Ondo Perps XAU-USD.P | +0.0050% | 1h | 4,342.7 | −0.177% | $14.3M | $54.8M | 25x | as long as short |
| Paradex XAU-USD-PERP | +0.0050% | 8h | 4,344.8 | −0.129% | $19K | $6K | 5x | as long as short |
| QFEX GOLD-USD | +0.0052% | 1h | 4,344 | −0.148% | $5.5M | $1.9M | 20x | as long as short |
| Coinbase International GOLD-PERP-INTX | +0.0072% | 1h | 4,340.6 | −0.226% | $2.0M | $5.2M | 25x | as long as short |
| Aevo XAU-PERP | +0.0080% | 1h | 4,342.6 | −0.180% | $161K | $87 | 10x | as long as short |
| Pacifica XAU | +0.0100% | 1h | 4,342.2 | −0.188% | $1.4M | $1.3M | 10x | as long as short |
| ApeX Omni XAUUSDT | +0.0100% | 1h | 4,343 | −0.171% | $272K | $204K | 50x | as long as short |
| Phoenix GOLD | +0.0109% | 1h | 4,343.4 | −0.161% | $47K | $69K | 25x | as long as short |
| Hotstuff GOLD-PERP | +0.0136% | 1h | 4,339.7 | −0.246% | $33K | — | 25x | as long as short |
| OKX XAU-USDT-SWAP | +0.0174% | 8h | 4,345.6 | −0.111% | $158.1M | $274.8M | 100x | as long as short |
| RISEx XAU/USDC | +0.0190% | 1h | 4,344.5 | −0.137% | $3.4M | $12.6M | 25x | as long as short |
| BloFin XAU-USDT | +0.0240% | 4h | 4,344.4 | −0.139% | $14.8M | $4.3M | 100x | as long as short |
| Kraken Futures PF_XAUUSD | +0.0333% | 1h | 4,341.9 | −0.196% | $599K | $157K | 25x | as long as short |
| Phemex XAUUSDT | +0.0389% | 4h | 4,344.8 | −0.129% | $2.2M | $1.1M | 100x | as long as short |
| GMX GOLD/USD [ETH-USDC]short | L +0.0450% / S −0.0246% | 1h | 4,344.4 | −0.139% | $251K | — | 29x | |
| Deribit GOLD_USDC-PERPETUAL | +0.0695% | 1h | 4,342.6 | −0.180% | $221K | $878K | 25x | as long as short |
Injective XAU/USDC PERP
GMX GOLD/USD [ETH-USDC]
Bluefin GOLD-PERP
Aster XAUUSD1
Binance XAUUSDT
Bybit XAUUSDT
Gate XAU_USDT
MEXC XAU_USDT
Bitget XAUUSDT
Variational Omni XAU
GRVT XAU_USDT_Perp
Kalshi KXGOLDPERP
Bullet GOLD-USD
SunX XAU-USDT
HTX XAU-USDT
edgeX XAUUSDC
tradeXYZ xyz:GOLD
Lighter XAU
Lighter RH XAU
Extended XAU-USD
StandX XAU-USD
Polymarket Perps GOLD-USD
Paradex XAU-USD-PERP
Coinbase International GOLD-PERP-INTX
Pacifica XAU
ApeX Omni XAUUSDT
Phoenix GOLD
OKX XAU-USDT-SWAP
RISEx XAU/USDC
BloFin XAU-USDT
Kraken Futures PF_XAUUSD
Phemex XAUUSDT
Deribit GOLD_USDC-PERPETUAL