XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0120%/8h= −13.2% APRnext payment −$0.15 per $10,000 · paid last 24h −0.068%

Price spread now: Injective against Kraken Futures+0.719%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on Injective

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—needs both histories

The price spread pays, funding is against you. Injective is 0.719% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.719% now, against zero (this spread has no 7-day history yet)): +$72 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 20 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_XAUUSD	4,319.4	0.0154	pay 0.0019% / 1h	28m 43s	$584K	$135K	25x
Short	Injective XAU/USDC PERP	4,350.4	0.0033	get 0.0004% / 1h	28m 43s	$619	$54	52x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Kraken Futures. 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 Kraken FuturesbpFee InjectivebpOrdersPrice spread, now +0.719%Rate

Funding earned: −$25.24
Price spread: +0.719% → 0.000%: $71.85
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $36.6
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Kraken Futures: live order book, 14 min ago; Injective: 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 Kraken Futures live order book, 14 min ago	3.15 bp	8.2 bp −$8	12.1 bp −$121	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

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	−0.0090%	1h	4,316.5	−0.068%	$25K	$11K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,326.1	+0.154%	$92K	$7.7M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,319.8	+0.010%	$270K	—	250x	as long as short
Bybit XAUUSDT	+0.0009%	4h	4,324.6	+0.120%	$77.4M	$155.1M	150x	as long as short
Injective XAU/USDC PERPshort	+0.0033%	1h	4,350.4	+0.719%	$619	$54	52x
StandX XAU-USD	+0.0040%	1h	4,322.5	+0.072%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0042%	1h	4,321.5	+0.049%	$5.4M	$2.0M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,354.2	+0.806%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,320.3	+0.021%	$291.5M	$51.5M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,317.9	−0.033%	$15.0M	$55.5M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended XAU-USD	+0.0056%	1h	4,320	+0.014%	$12.9M	$36.9M	25x	as long as short
Lighter XAU	+0.0064%	1h	4,323.7	+0.100%	$20.3M	$30.5M	25x	as long as short
Hotstuff GOLD-PERP	+0.0064%	1h	4,318.9	−0.011%	$32K	—	25x	as long as short
Aster XAUUSD1	+0.0067%	4h	4,324.4	+0.115%	$72.5M	$277.6M	20x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,317.9	−0.034%	$2.1M	$4.9M	25x	as long as short
Paradex XAU-USD-PERP	+0.0074%	8h	4,321.1	+0.040%	$2K	$13K	5x	as long as short
Kalshi KXGOLDPERP	+0.0076%	24h	4,324.2	+0.112%	$3.8M	$43.7M	15x	as long as short
GRVT XAU_USDT_Perp	+0.0080%	4h	4,323	+0.084%	$1.4M	$3.0M	25x	as long as short
Variational Omni XAU	+0.0090%	4h	4,322.5	+0.073%	$47.4M	$28.8M	—	as long as short
MEXC XAU_USDT	+0.0096%	4h	4,324.2	+0.112%	$362.3M	$330.7M	1000x	as long as short
Binance XAUUSDT	+0.0097%	4h	4,324.6	+0.121%	$416.5M	$2.13B	100x	as long as short
Phoenix GOLD	+0.0100%	1h	4,319.8	+0.010%	$47K	$79K	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,318.5	−0.021%	$1.4M	$1.2M	10x	as long as short
Gate XAU_USDT	+0.0100%	4h	4,326.3	+0.159%	$280.9M	$417.1M	100x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,319.9	+0.011%	$272K	$208K	50x	as long as short
edgeX XAUUSDC	+0.0102%	4h	4,319.5	+0.002%	$30.0M	$61.3M	50x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,321.3	+0.045%	$160K	$87	10x	as long as short
Lighter RH XAU	+0.0112%	1h	4,326.5	+0.164%	$19.8M	$38.7M	25x	as long as short
Kraken Futures PF_XAUUSDlong	+0.0154%	1h	4,319.4	long leg	$584K	$135K	25x
Bullet GOLD-USD	+0.0177%	1h	4,322.2	+0.065%	$59K	$82K	10x	as long as short
RISEx XAU/USDC	+0.0184%	1h	4,324.5	+0.117%	$4.2M	$12.8M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0208%	1h	4,321.8	+0.056%	$4.3M	$1.9M	20x	as long as short
Bitget XAUUSDT	+0.0224%	4h	4,323.8	+0.102%	$67.8M	$118.4M	100x	as long as short
HTX XAU-USDT	+0.0241%	4h	4,326.3	+0.160%	$2.8M	$4.9M	75x	as long as short
OKX XAU-USDT-SWAP	+0.0305%	8h	4,323.8	+0.102%	$171.6M	$298.2M	100x	as long as short
BloFin XAU-USDT	+0.0336%	4h	4,322.5	+0.071%	$16.1M	$4.6M	100x	as long as short
Phemex XAUUSDT	+0.0342%	4h	4,324.6	+0.121%	$2.2M	$967K	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0375%	1h	4,321.3	+0.044%	$192K	$835K	25x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0462% / S −0.0307%	1h	4,323.3	+0.090%	$252K	—	111x	as long as short