XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0079%/8h= +8.6% APRnext payment +$0.10 per $10,000 · paid last 24h +0.002%

Price spread now: Hotstuff against Injective−0.295%45s7-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 Hotstuff

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—+ Points / potential airdropHotstuff: Active · farm boardneeds both histories

Funding pays, the price is against you. Hotstuff is 0.295% cheaper against Injective than usual: you would sell low and buy high (spread −0.295% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$29 on $10k: about 12 days of funding at the current rate (+$2 a day). The two prices were read 45 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	52m 01s	$619	$54	52x
Short	Hotstuff GOLD-PERP	4,337.6	0.0112	get 0.0014% / 1h	52m 01s	$33K	—	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff 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 HotstuffbpOrdersPrice spread, now −0.295%Rate

Funding earned: $16.52
Price spread: −0.295% → 0.000%: −$29.47
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$17.97
Costs to cover: 0.050%
Break-even: 14.6 days

Slippage unknown: Injective: no order-book sample; Hotstuff: 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 Hotstuff no order-book sample	—	—	—	—	—

Injective and Hotstuff: 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
SunX XAU-USDT	0.0000%	4h	4,345.4	−0.115%	$92K	$8.8M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,337.3	−0.302%	$289K	—	250x	as long as short
RISEx XAU/USDC	+0.0005%	1h	4,340.3	−0.232%	$3.5M	$12.3M	25x	as long as short
Gate XAU_USDT	+0.0026%	4h	4,343.3	−0.165%	$267.5M	$410.5M	100x	as long as short
Lighter RH XAU	+0.0032%	1h	4,342.3	−0.188%	$20.1M	$39.1M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,337	−0.308%	$13.3M	$38.1M	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	4,341.9	−0.196%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0042%	1h	4,338.9	−0.265%	$5.7M	$2.0M	20x	as long as short
Bybit XAUUSDT	+0.0045%	4h	4,342.5	−0.183%	$80.7M	$150.4M	150x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest GC-PERP	+0.0046%	1h	4,373.4	+0.528%	—	$1.0M	25x	as long as short
Lighter XAU	+0.0048%	1h	4,340.2	−0.236%	$20.8M	$34.4M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,337.6	−0.295%	$293.2M	$48.9M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,337.3	−0.301%	$15.1M	$56.7M	25x	as long as short
Kalshi KXGOLDPERP	+0.0050%	24h	4,338.6	−0.272%	$4.2M	$37.4M	15x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0056%	1h	4,338	−0.285%	$2.1M	$4.8M	25x	as long as short
Bluefin GOLD-PERP	+0.0060%	1h	4,334.4	−0.368%	$25K	$14K	20x	as long as short
Aster XAUUSD1	+0.0073%	4h	4,342.6	−0.180%	$71.3M	$332.5M	20x	as long as short
Paradex XAU-USD-PERP	+0.0080%	8h	4,340.6	−0.225%	$19K	$5K	5x	as long as short
Variational Omni XAU	+0.0083%	4h	4,341.1	−0.214%	$48.4M	$27.6M	—	as long as short
MEXC XAU_USDT	+0.0096%	4h	4,341.3	−0.211%	$373.2M	$317.1M	1000x	as long as short
Binance XAUUSDT	+0.0096%	4h	4,341.5	−0.204%	$414.1M	$2.09B	100x	as long as short
Pacifica XAU	+0.0100%	1h	4,337	−0.308%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,339.9	−0.243%	$274K	$203K	50x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,340.3	−0.232%	$161K	$87	10x	as long as short
edgeX XAUUSDC	+0.0106%	4h	4,336.4	−0.321%	$30.2M	$58.1M	50x	as long as short
Hotstuff GOLD-PERPshort	+0.0112%	1h	4,337.6	−0.295%	$33K	—	25x
Phoenix GOLD	+0.0136%	1h	4,339.2	−0.258%	$47K	$77K	25x	as long as short
GRVT XAU_USDT_Perp	+0.0182%	4h	4,341	−0.216%	$1.4M	$2.9M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0208%	1h	4,341	−0.217%	$4.3M	$2.0M	20x	as long as short
Bullet GOLD-USD	+0.0210%	1h	4,341.2	−0.212%	$59K	$82K	10x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0211%	1h	4,339.4	−0.253%	$205K	$826K	25x	as long as short
Bitget XAUUSDT	+0.0240%	4h	4,342.2	−0.189%	$71.0M	$109.4M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0259%	1h	4,337.9	−0.287%	$592K	$132K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0311%	8h	4,343	−0.171%	$165.8M	$281.2M	100x	as long as short
BloFin XAU-USDT	+0.0344%	4h	4,341.7	−0.200%	$15.6M	$4.4M	100x	as long as short
Phemex XAUUSDT	+0.0397%	4h	4,343.9	−0.149%	$2.2M	$967K	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0425% / S −0.0249%	1h	4,341.2	−0.211%	$250K	—	111x	as long as short
HTX XAU-USDT	+0.0526%	4h	4,345.2	−0.120%	$2.8M	$4.6M	75x	as long as short