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

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0031%/8h= +3.4% APRnext payment +$0.04 per $10,000 · paid last 24h +0.012%
Price spread now: Injective against gTrade (Gains Network)+0.173%55s7-day average · you sell dearer than you buy
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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Injective is 0.173% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$17 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) XAU/USD4,342.9L +0.0002% / S −0.0003%pay 0.0000% / 1h8m 22s$272K250x
ShortInjective XAU/USDC PERP4,350.40.0033get 0.0004% / 1h8m 22s$619$5452x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective against gTrade (Gains Network). 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
$6.51
Price spread: +0.173% → 0.000%
$17.27
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 3.5 bp × 2 orders
−$7
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
$16.76
Costs to cover
0.070%
Break-even
from the start
Slippage unknown: gTrade (Gains Network): virtual book (oracle venue), 16 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
LegHalf-spread$10k$100k$1M$5M
Buy gTrade (Gains Network) virtual book (oracle venue), 16 min ago130.01 bp133.5 bp −$134196.7 bp −$1,9671352.9 bp −$135.3K5907.8 bp −$2.95M
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
RISEx XAU/USDC0.0000%1h4,347+0.093%$3.4M$12.3M25xas long as short
Gate XAU_USDT0.0000%4h4,348.2+0.122%$266.6M$417.7M100xas long as short
SunX XAU-USDT0.0000%4h4,351.7+0.202%$92K$8.9M20xas long as short
gTrade (Gains Network) XAU/USDlongL +0.0002% / S −0.0003%1h4,342.9long leg$272K250x
Lighter XAU+0.0032%1h4,346+0.072%$20.8M$38.2M25xas long as short
Extended XAU-USD+0.0032%1h4,343.1+0.003%$13.2M$38.2M25xas long as short
Injective XAU/USDC PERPshort+0.0033%1h4,350.4+0.173%$619$5452x
Lighter RH XAU+0.0040%1h4,348.2+0.121%$20.1M$39.5M25xas long as short
StandX XAU-USD+0.0040%1h4,348.3+0.124%$3.8M$4.5M40xas long as short
QFEX GOLD-USD+0.0041%1h4,347+0.094%$5.7M$2.0M20xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Vest GC-PERP+0.0046%1h4,380.1+0.856%$1.0M25xas long as short
Coinbase International GOLD-PERP-INTX+0.0048%1h4,344.8+0.043%$2.0M$4.8M25xas long as short
Kalshi KXGOLDPERP+0.0049%24h4,345.6+0.062%$4.2M$37.4M15xas long as short
tradeXYZ xyz:GOLD+0.0050%1h4,344.3+0.032%$293.8M$48.8M25xas long as short
Ondo Perps XAU-USD.P+0.0050%1h4,343.8+0.019%$15.1M$56.8M25xas long as short
Hotstuff GOLD-PERP+0.0056%1h4,344.4+0.034%$33K25xas long as short
Aster XAUUSD1+0.0064%4h4,348.2+0.121%$71.3M$333.1M20xas long as short
Variational Omni XAU+0.0076%4h4,345.3+0.054%$48.4M$28.2Mas long as short
Paradex XAU-USD-PERP+0.0081%8h4,347.4+0.103%$19K$5K5xas long as short
MEXC XAU_USDT+0.0088%4h4,347.4+0.103%$372.7M$320.5M1000xas long as short
GRVT XAU_USDT_Perp+0.0090%4h4,347+0.093%$1.4M$2.9M25xas long as short
Binance XAUUSDT+0.0090%4h4,347.2+0.098%$413.9M$2.10B100xas long as short
Pacifica XAU+0.0100%1h4,343.7+0.018%$1.4M$1.1M10xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,343.3+0.008%$274K$203K50xas long as short
Bluefin GOLD-PERP+0.0100%1h4,340.2−0.063%$25K$14K20xas long as short
edgeX XAUUSDC+0.0101%4h4,342.2−0.016%$30.2M$58.0M50xas long as short
Aevo XAU-PERP+0.0104%1h4,346.5+0.082%$161K$8710xas long as short
Phoenix GOLD+0.0142%1h4,344.7+0.041%$47K$77K25xas long as short
Polymarket Perps GOLD-USD+0.0166%1h4,347.4+0.103%$4.3M$2.0M20xas long as short
Bullet GOLD-USD+0.0186%1h4,347.3+0.101%$59K$82K10xas long as short
Kraken Futures PF_XAUUSD+0.0194%1h4,344.6+0.038%$592K$132K25xas long as short
Phemex XAUUSDT+0.0226%4h4,349.4+0.149%$2.2M$967K100xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0233%1h4,345.8+0.066%$206K$825K25xas long as short
Bitget XAUUSDT+0.0234%4h4,347.8+0.111%$70.1M$109.4M100xas long as short
Bybit XAUUSDT+0.0240%4h4,348.5+0.128%$85.2M$145.4M150xas long as short
OKX XAU-USDT-SWAP+0.0300%8h4,348.9+0.138%$165.4M$282.0M100xas long as short
BloFin XAU-USDT+0.0330%4h4,347.7+0.110%$15.6M$4.5M100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0418% / S −0.0240%1h4,347.2+0.099%$248K111xas long as short
HTX XAU-USDT+0.0616%4h4,351.3+0.193%$2.8M$4.6M75xas long as short