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

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0151%/8h= +16.5% APRnext payment +$0.19 per $10,000 · paid last 24h +0.017%
Price spread now: RISEx against Injective−0.581%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 4 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. RISEx is 0.581% cheaper against Injective than usual: you would sell low and buy high (spread −0.581% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$58 on $10k: about 13 days of funding at the current rate (+$5 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective XAU/USDC PERP4,350.40.0033pay 0.0004% / 1h18m 12s$619$5452x
ShortRISEx XAU/USDC4,325.20.0184get 0.0023% / 1h18m 12s$4.1M$12.8M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

RISEx 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
$31.7
Price spread: −0.581% → 0.000%
−$58.09
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee RISEx: 3 bp × 2 orders
−$6
Net
−$32.4
Costs to cover
0.060%
Break-even
14.2 days
Slippage unknown: Injective: no order-book sample; RISEx: live order book, 1 min ago. 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 RISEx live order book, 1 min ago1.02 bp4.0 bp −$44.2 bp −$4243.9 bp −$4,390doesn't fit
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bluefin GOLD-PERP−0.0062%1h4,316.5−0.780%$25K$1K20xas long as short
SunX XAU-USDT0.0000%4h4,327.1−0.536%$92K$7.6M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,319.8−0.705%$270K250xas long as short
Hotstuff GOLD-PERP+0.0016%1h4,319.3−0.715%$32K25xas long as short
Bybit XAUUSDT+0.0020%4h4,324.6−0.594%$77.3M$154.4M150xas long as short
Injective XAU/USDC PERPlong+0.0033%1h4,350.4long leg$619$5452x
StandX XAU-USD+0.0040%1h4,323.4−0.621%$3.8M$4.5M40xas long as short
QFEX GOLD-USD+0.0042%1h4,322−0.653%$5.4M$2.0M20xas long as short
Vest GC-PERP+0.0046%1h4,355.1+0.108%$1.0M25xas long as short
tradeXYZ xyz:GOLD+0.0050%1h4,319.6−0.708%$291.5M$51.3M25xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps XAU-USD.P+0.0050%1h4,318.6−0.731%$15.0M$55.5M25xas long as short
Aster XAUUSD1+0.0066%4h4,325.2−0.581%$72.5M$274.5M20xas long as short
Lighter XAU+0.0072%1h4,322.6−0.639%$20.3M$30.7M25xas long as short
Coinbase International GOLD-PERP-INTX+0.0072%1h4,319.1−0.720%$2.1M$4.9M25xas long as short
Paradex XAU-USD-PERP+0.0078%8h4,322−0.652%$2K$14K5xas long as short
Kalshi KXGOLDPERP+0.0079%24h4,324−0.607%$3.8M$43.9M15xas long as short
GRVT XAU_USDT_Perp+0.0086%4h4,323.2−0.625%$1.4M$3.0M25xas long as short
Variational Omni XAU+0.0093%4h4,322.6−0.640%$47.3M$28.8Mas long as short
MEXC XAU_USDT+0.0098%4h4,323.9−0.611%$367.9M$332.1M1000xas long as short
Phoenix GOLD+0.0100%1h4,319.2−0.718%$47K$79K25xas long as short
Pacifica XAU+0.0100%1h4,319.4−0.713%$1.4M$1.2M10xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,319.8−0.705%$272K$208K50xas long as short
Binance XAUUSDT+0.0100%4h4,323.7−0.615%$423.2M$2.13B100xas long as short
Aevo XAU-PERP+0.0104%1h4,322.5−0.641%$160K$8710xas long as short
edgeX XAUUSDC+0.0116%4h4,318.4−0.737%$30.0M$59.7M50xas long as short
Gate XAU_USDT+0.0118%4h4,325.1−0.582%$282.4M$421.3M100xas long as short
Lighter RH XAU+0.0120%1h4,324.9−0.587%$19.9M$39.1M25xas long as short
Extended XAU-USD+0.0120%1h4,319.2−0.717%$12.9M$37.0M25xas long as short
Kraken Futures PF_XAUUSD+0.0153%1h4,320.6−0.685%$577K$146K25xas long as short
RISEx XAU/USDCshort+0.0184%1h4,325.2−0.581%$4.1M$12.8M25x
Bullet GOLD-USD+0.0184%1h4,323.4−0.621%$59K$82K10xas long as short
Polymarket Perps GOLD-USD+0.0214%1h4,323.2−0.626%$4.3M$1.9M20xas long as short
Bitget XAUUSDT+0.0222%4h4,323.3−0.624%$67.6M$118.3M100xas long as short
HTX XAU-USDT+0.0268%4h4,327.7−0.523%$3.0M$5.4M75xas long as short
OKX XAU-USDT-SWAP+0.0302%8h4,324.5−0.596%$172.6M$299.5M100xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0306%1h4,322.3−0.646%$191K$837K25xas long as short
Phemex XAUUSDT+0.0327%4h4,325.6−0.571%$2.2M$967K100xas long as short
BloFin XAU-USDT+0.0339%4h4,322.9−0.633%$16.2M$4.6M100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0461% / S −0.0307%1h4,323.6−0.615%$252K111xas long as short