Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0223%/8h= −24.4% APRpaid last 24h −0.077%

Price spread now: Injective against HTX+0.321%7-day average — · you sell dearer than you buy

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

Long on HTX 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 0.321% dearer against HTX than usual: you sell high and buy low (spread +0.321% now, against zero (this spread has no 7-day history yet)): +$32 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 4.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX XAU-USDT	4,336.5	0.0256	pay 0.0128% / 4h	2h 25m	$2.8M	$4.8M	75x
Short	Injective XAU/USDC PERP	4,350.4	0.0033	get 0.0004% / 1h	25m 19s	$619	$54	52x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against HTX. 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 HTXbpFee InjectivebpOrdersPrice spread, now +0.321%Rate

Funding earned: −$46.8
Price spread: +0.321% → 0.000%: $32.08
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$26.74
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: HTX: live order book, 4 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 HTX live order book, 4 min ago	0.01 bp	9.9 bp −$10	12.9 bp −$129	16.3 bp −$1,631	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
Hotstuff GOLD-PERP	−0.0056%	1h	4,328.7	−0.180%	$32K	—	25x	as long as short
Bluefin GOLD-PERP	−0.0014%	1h	4,328.2	−0.193%	$25K	$14K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,339.3	+0.065%	$92K	$8.4M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,331.5	−0.116%	$271K	—	250x	as long as short
Extended XAU-USD	+0.0032%	1h	4,331.2	−0.122%	$13.2M	$37.1M	25x	as long as short
Injective XAU/USDC PERPshort	+0.0033%	1h	4,350.4	+0.321%	$619	$54	52x
StandX XAU-USD	+0.0040%	1h	4,334.6	−0.044%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0044%	1h	4,333.8	−0.062%	$5.5M	$2.1M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,367.3	+0.710%	—	$1.0M	25x	as long as short
Bybit XAUUSDT	+0.0046%	4h	4,333.4	−0.072%	$78.7M	$154.8M	150x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XAU	+0.0048%	1h	4,331.9	−0.106%	$20.7M	$31.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,331.8	−0.109%	$292.6M	$50.7M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,331.6	−0.113%	$15.0M	$56.7M	25x	as long as short
RISEx XAU/USDC	+0.0054%	1h	4,335.5	−0.024%	$3.7M	$12.2M	25x	as long as short
Kalshi KXGOLDPERP	+0.0059%	24h	4,334.9	−0.037%	$4.0M	$40.9M	15x	as long as short
Gate XAU_USDT	+0.0070%	4h	4,336.9	+0.009%	$273.4M	$407.3M	100x	as long as short
Paradex XAU-USD-PERP	+0.0071%	8h	4,335.3	−0.027%	$19K	$5K	5x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,329.8	−0.155%	$2.1M	$4.7M	25x	as long as short
Lighter RH XAU	+0.0088%	1h	4,334.4	−0.050%	$19.9M	$38.7M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,332	−0.105%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,329.7	−0.157%	$276K	$204K	50x	as long as short
Aster XAUUSD1	+0.0108%	4h	4,334	−0.059%	$71.6M	$332.2M	20x	as long as short
Variational Omni XAU	+0.0111%	4h	4,332	−0.105%	$48.3M	$27.4M	—	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,334.2	−0.054%	$161K	$87	10x	as long as short
MEXC XAU_USDT	+0.0118%	4h	4,332.5	−0.093%	$363.6M	$324.4M	1000x	as long as short
Binance XAUUSDT	+0.0119%	4h	4,332.5	−0.093%	$414.2M	$2.15B	100x	as long as short
edgeX XAUUSDC	+0.0120%	4h	4,324.5	−0.277%	$30.1M	$59.3M	50x	as long as short
GRVT XAU_USDT_Perp	+0.0122%	4h	4,329.6	−0.160%	$1.4M	$2.9M	25x	as long as short
Phoenix GOLD	+0.0127%	1h	4,331.3	−0.120%	$47K	$77K	25x	as long as short
Bullet GOLD-USD	+0.0160%	1h	4,335	−0.035%	$59K	$82K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0172%	1h	4,335.2	−0.030%	$4.2M	$2.0M	20x	as long as short
Kraken Futures PF_XAUUSD	+0.0247%	1h	4,331.8	−0.108%	$590K	$130K	25x	as long as short
HTX XAU-USDTlong	+0.0256%	4h	4,336.5	long leg	$2.8M	$4.8M	75x
Deribit GOLD_USDC-PERPETUAL	+0.0258%	1h	4,333.4	−0.072%	$199K	$826K	25x	as long as short
Bitget XAUUSDT	+0.0278%	4h	4,334.1	−0.056%	$73.7M	$113.9M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0336%	8h	4,333	−0.081%	$170.2M	$292.3M	100x	as long as short
BloFin XAU-USDT	+0.0362%	4h	4,333.4	−0.072%	$16.1M	$4.4M	100x	as long as short
Phemex XAUUSDT	+0.0369%	4h	4,336.6	+0.001%	$2.2M	$960K	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0451% / S −0.0288%	1h	4,335	−0.035%	$250K	—	111x	as long as short