XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0067%/8h= −7.3% APRnext payment −$0.08 per $10,000 · paid last 24h −0.248%

Price spread now: Injective against Bluefin+0.226%7-day average — · you sell dearer than you buy

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

Long on Bluefin 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 0.226% dearer against Bluefin than usual: you sell high and buy low (spread +0.226% now, against zero (this spread has no 7-day history yet)): +$23 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 11 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bluefin GOLD-PERP	4,340.6	0.0100	pay 0.0013% / 1h	10m 31s	$25K	$14K	20x
Short	Injective XAU/USDC PERP	4,350.4	0.0033	get 0.0004% / 1h	10m 31s	$619	$54	52x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Bluefin. 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 BluefinbpFee InjectivebpOrdersPrice spread, now +0.226%Rate

Funding earned: −$14
Price spread: +0.226% → 0.000%: $22.6
Slippage, 4 orders: no order book: not counted
Fee Bluefin: 3.5 bp × 2 orders: −$7
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $1.58
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: Bluefin: 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 Bluefin no order-book sample	—	—	—	—	—
Sell Injective no order-book sample	—	—	—	—	—

Bluefin 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
RISEx XAU/USDC	0.0000%	1h	4,346.4	+0.132%	$3.4M	$12.3M	25x	as long as short
Hotstuff GOLD-PERP	0.0000%	1h	4,342.7	+0.048%	$33K	—	25x	as long as short
Gate XAU_USDT	0.0000%	4h	4,348.5	+0.181%	$266.0M	$417.4M	100x	as long as short
SunX XAU-USDT	0.0000%	4h	4,350.4	+0.225%	$92K	$8.9M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,342.3	+0.038%	$272K	—	250x	as long as short
Lighter XAU	+0.0032%	1h	4,345.6	+0.115%	$20.8M	$38.2M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,342.7	+0.048%	$13.2M	$38.3M	25x	as long as short
Injective XAU/USDC PERPshort	+0.0033%	1h	4,350.4	+0.226%	$619	$54	52x
Lighter RH XAU	+0.0040%	1h	4,347.8	+0.166%	$20.1M	$39.4M	25x	as long as short
StandX XAU-USD	+0.0040%	1h	4,347.4	+0.156%	$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
QFEX GOLD-USD	+0.0041%	1h	4,346.1	+0.126%	$5.7M	$2.0M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,378.6	+0.875%	—	$1.0M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0048%	1h	4,343.7	+0.071%	$2.0M	$4.8M	25x	as long as short
Kalshi KXGOLDPERP	+0.0049%	24h	4,343.8	+0.073%	$4.2M	$37.4M	15x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,343.8	+0.073%	$293.8M	$49.0M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,343.1	+0.058%	$15.1M	$56.8M	25x	as long as short
Aster XAUUSD1	+0.0061%	4h	4,348	+0.170%	$71.3M	$333.2M	20x	as long as short
Variational Omni XAU	+0.0076%	4h	4,345.3	+0.108%	$48.4M	$28.2M	—	as long as short
Paradex XAU-USD-PERP	+0.0080%	8h	4,346.3	+0.132%	$19K	$5K	5x	as long as short
GRVT XAU_USDT_Perp	+0.0086%	4h	4,346.5	+0.135%	$1.4M	$2.9M	25x	as long as short
MEXC XAU_USDT	+0.0088%	4h	4,346.9	+0.145%	$372.0M	$320.4M	1000x	as long as short
Binance XAUUSDT	+0.0089%	4h	4,347	+0.147%	$413.8M	$2.10B	100x	as long as short
edgeX XAUUSDC	+0.0099%	4h	4,343.2	+0.059%	$30.2M	$58.3M	50x	as long as short
Pacifica XAU	+0.0100%	1h	4,343	+0.055%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,343.3	+0.061%	$274K	$203K	50x	as long as short
Bluefin GOLD-PERPlong	+0.0100%	1h	4,340.6	long leg	$25K	$14K	20x
Aevo XAU-PERP	+0.0104%	1h	4,345.2	+0.106%	$161K	$87	10x	as long as short
Phoenix GOLD	+0.0142%	1h	4,344.7	+0.094%	$47K	$77K	25x	as long as short
Polymarket Perps GOLD-USD	+0.0162%	1h	4,345.8	+0.120%	$4.3M	$2.0M	20x	as long as short
Bullet GOLD-USD	+0.0186%	1h	4,346	+0.125%	$59K	$82K	10x	as long as short
Kraken Futures PF_XAUUSD	+0.0194%	1h	4,343.7	+0.070%	$592K	$132K	25x	as long as short
Bitget XAUUSDT	+0.0232%	4h	4,347.2	+0.151%	$70.1M	$109.2M	100x	as long as short
Phemex XAUUSDT	+0.0235%	4h	4,350.4	+0.226%	$2.2M	$967K	100x	as long as short
Bybit XAUUSDT	+0.0240%	4h	4,348.1	+0.172%	$85.1M	$145.4M	150x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0257%	1h	4,345.1	+0.103%	$206K	$825K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0298%	8h	4,348.2	+0.175%	$165.3M	$282.0M	100x	as long as short
BloFin XAU-USDT	+0.0329%	4h	4,346.1	+0.126%	$15.6M	$4.5M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0418% / S −0.0239%	1h	4,346.3	+0.132%	$248K	—	111x	as long as short
HTX XAU-USDT	+0.0620%	4h	4,351.3	+0.246%	$2.8M	$4.6M	75x	as long as short