XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0062%/8h= −6.7% APRnext payment −$0.08 per $10,000 · paid last 24h −0.018%

Price spread now: Injective against Phoenix+1.097%7-day average — · you sell dearer than you buy

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

Long on Phoenix 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 1.097% dearer against Phoenix than usual: you sell high and buy low (spread +1.097% now, against zero (this spread has no 7-day history yet)): +$110 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 59 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix GOLD	4,303.2	0.0095	pay 0.0012% / 1h	37m 37s	$42K	$86K	25x
Short	Injective XAU/USDC PERP	4,350.4	0.0033	get 0.0004% / 1h	37m 37s	$619	$54	52x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Phoenix. 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 PhoenixbpFee InjectivebpOrdersPrice spread, now +1.097%Rate

Funding earned: −$12.92
Price spread: +1.097% → 0.000%: $109.73
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $89.8
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: Phoenix: no order-book sample; 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 Phoenix no order-book sample	—	—	—	—	—
Sell Injective no order-book sample	—	—	—	—	—

Phoenix and 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
Hotstuff GOLD-PERP	−0.0032%	1h	4,305.5	+0.053%	$32K	—	25x	as long as short
SunX XAU-USDT	0.0000%	4h	4,312.4	+0.213%	$92K	$6.8M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,304.6	+0.033%	$278K	—	250x	as long as short
GRVT XAU_USDT_Perp	+0.0018%	4h	4,306	+0.065%	$1.4M	$3.1M	25x	as long as short
Injective XAU/USDC PERPshort	+0.0033%	1h	4,350.4	+1.097%	$619	$54	52x
Vest GC-PERP	+0.0046%	1h	4,339.9	+0.853%	—	$1.0M	25x	as long as short
QFEX GOLD-USD	+0.0046%	1h	4,307	+0.088%	$6.6M	$3.1M	20x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,305.6	+0.056%	$291.0M	$53.8M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0050%	1h	4,304.7	+0.035%	$4.3M	$1.8M	20x	as long as short
StandX XAU-USD	+0.0050%	1h	4,309.7	+0.151%	$3.8M	$4.5M	40x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps XAU-USD.P	+0.0050%	1h	4,304.7	+0.035%	$15.0M	$55.8M	25x	as long as short
Aster XAUUSD1	+0.0052%	4h	4,309.7	+0.152%	$73.4M	$271.8M	20x	as long as short
Extended XAU-USD	+0.0056%	1h	4,304.5	+0.030%	$13.1M	$36.3M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0056%	1h	4,303.6	+0.009%	$2.0M	$5.1M	25x	as long as short
Paradex XAU-USD-PERP	+0.0061%	8h	4,308	+0.111%	$2K	$13K	5x	as long as short
Lighter XAU	+0.0080%	1h	4,307.8	+0.107%	$20.3M	$28.8M	25x	as long as short
Variational Omni XAU	+0.0087%	4h	4,306.3	+0.071%	$46.6M	$29.2M	—	as long as short
Phoenix GOLDlong	+0.0095%	1h	4,303.2	long leg	$42K	$86K	25x
Bybit XAUUSDT	+0.0095%	4h	4,309.7	+0.152%	$77.5M	$157.2M	150x	as long as short
Lighter RH XAU	+0.0096%	1h	4,310.4	+0.168%	$19.8M	$39.9M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,304.8	+0.038%	$1.4M	$1.2M	10x	as long as short
MEXC XAU_USDT	+0.0100%	4h	4,308.6	+0.124%	$361.0M	$337.0M	1000x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,304.3	+0.026%	$275K	$218K	50x	as long as short
Binance XAUUSDT	+0.0102%	4h	4,308.7	+0.128%	$434.3M	$2.22B	100x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,307.1	+0.091%	$160K	$87	10x	as long as short
Kalshi KXGOLDPERP	+0.0109%	24h	4,310	+0.158%	$3.7M	$46.4M	15x	as long as short
edgeX XAUUSDC	+0.0111%	4h	4,306.8	+0.083%	$30.0M	$61.5M	50x	as long as short
RISEx XAU/USDC	+0.0126%	1h	4,308.1	+0.114%	$4.4M	$13.1M	25x	as long as short
Gate XAU_USDT	+0.0150%	4h	4,311	+0.180%	$296.3M	$426.0M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0168%	1h	4,307.1	+0.091%	$134K	$884K	25x	as long as short
Bitget XAUUSDT	+0.0190%	4h	4,308.8	+0.129%	$70.3M	$124.5M	100x	as long as short
Bullet GOLD-USD	+0.0200%	1h	4,308.4	+0.122%	$58K	$81K	10x	as long as short
OKX XAU-USDT-SWAP	+0.0249%	8h	4,309.6	+0.149%	$171.0M	$329.3M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0328%	1h	4,306	+0.064%	$573K	$138K	25x	as long as short
BloFin XAU-USDT	+0.0364%	4h	4,308.3	+0.119%	$16.2M	$5.0M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0466% / S −0.0314%	1h	4,308.7	+0.129%	$255K	—	111x	as long as short
Phemex XAUUSDT	+0.0580%	4h	4,311.1	+0.183%	$2.2M	$955K	100x	as long as short
HTX XAU-USDT	+0.1078%	4h	4,315.7	+0.290%	$3.2M	$6.2M	75x	as long as short
Bluefin GOLD-PERP	+0.5012%	1h	4,302.8	−0.009%	$25K	$1K	20x	as long as short