Funding you earn now, next payment 05:00 UTC−0.0030%/8h= −3.3% APRnext payment −$0.04 per $10,000 · paid last 24h −0.012%
Price spread now: gTrade (Gains Network) against Injective−0.190%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 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
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and gTrade (Gains Network) is 0.190% cheaper against Injective than usual: you would sell low and buy high (−$19 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective XAU/USDC PERP | 4,350.4 | 0.0033 | pay 0.0004% / 1h | 4m 49s | $619 | $54 | 52x |
| Short | gTrade (Gains Network) XAU/USD | 4,342.1 | L +0.0002% / S −0.0003% | get 0.0000% / 1h | 4m 49s | $272K | — | 250x |
Injective XAU/USDC PERP
gTrade (Gains Network) XAU/USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
gTrade (Gains Network) against Injective. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$6.35
- Price spread: −0.190% → 0.000%
- −$19.03
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee gTrade (Gains Network): 3.5 bp × 2 orders
- −$7
- Net
- −$32.4
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: Injective: no order-book sample; gTrade (Gains Network): virtual book (oracle venue), 14 min ago. 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 Injective no order-book sample | — | — | — | — | — |
| Sell gTrade (Gains Network) virtual book (oracle venue), 14 min ago | 130.01 bp | 133.5 bp −$134 | 243.0 bp −$2,430 | 1975.4 bp −$197.5K | doesn't fit |
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 | −0.0010% | 1h | 4,339.5 | −0.251% | $25K | $14K | 20x | as long as short |
| SunX XAU-USDT | 0.0000% | 4h | 4,350.6 | +0.004% | $92K | $8.6M | 20x | as long as short |
| gTrade (Gains Network) XAU/USDshort | L +0.0002% / S −0.0003% | 1h | 4,342.1 | −0.190% | $272K | — | 250x | |
| RISEx XAU/USDC | +0.0005% | 1h | 4,346.6 | −0.087% | $3.7M | $12.5M | 25x | as long as short |
| Extended XAU-USD | +0.0032% | 1h | 4,342.4 | −0.184% | $13.2M | $37.2M | 25x | as long as short |
| Injective XAU/USDC PERPlong | +0.0033% | 1h | 4,350.4 | long leg | $619 | $54 | 52x | |
| StandX XAU-USD | +0.0040% | 1h | 4,346.1 | −0.099% | $3.8M | $4.5M | 40x | as long as short |
| QFEX GOLD-USD | +0.0042% | 1h | 4,345.1 | −0.122% | $5.6M | $2.1M | 20x | as long as short |
| Vest GC-PERP | +0.0046% | 1h | 4,378.6 | +0.648% | — | $1.0M | 25x | as long as short |
| tradeXYZ xyz:GOLD | +0.0050% | 1h | 4,342.9 | −0.173% | $293.8M | $49.1M | 25x | as long as short |
Bluefin GOLD-PERP
SunX XAU-USDT
RISEx XAU/USDC
Extended XAU-USD
StandX XAU-USD
QFEX GOLD-USD
Vest GC-PERP
tradeXYZ xyz:GOLDShow 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 | 4,342.9 | −0.173% | $15.0M | $56.8M | 25x | as long as short |
| Kalshi KXGOLDPERP | +0.0052% | 24h | 4,344.8 | −0.129% | $4.2M | $39.3M | 15x | as long as short |
| Lighter XAU | +0.0056% | 1h | 4,345.8 | −0.107% | $20.7M | $34.8M | 25x | as long as short |
| Coinbase International GOLD-PERP-INTX | +0.0056% | 1h | 4,341.7 | −0.200% | $2.1M | $4.7M | 25x | as long as short |
| Bybit XAUUSDT | +0.0059% | 4h | 4,347.8 | −0.060% | $80.1M | $152.0M | 150x | as long as short |
| Gate XAU_USDT | +0.0062% | 4h | 4,348.2 | −0.051% | $268.4M | $419.1M | 100x | as long as short |
| Paradex XAU-USD-PERP | +0.0067% | 8h | 4,345.7 | −0.107% | $19K | $5K | 5x | as long as short |
| Hotstuff GOLD-PERP | +0.0072% | 1h | 4,342.6 | −0.180% | $33K | — | 25x | as long as short |
| Lighter RH XAU | +0.0080% | 1h | 4,348.5 | −0.045% | $20.2M | $40.2M | 25x | as long as short |
| Aster XAUUSD1 | +0.0100% | 4h | 4,346.5 | −0.091% | $71.5M | $331.5M | 20x | as long as short |
| Pacifica XAU | +0.0100% | 1h | 4,342.4 | −0.184% | $1.4M | $1.1M | 10x | as long as short |
| ApeX Omni XAUUSDT | +0.0100% | 1h | 4,341.7 | −0.201% | $274K | $203K | 50x | as long as short |
| Variational Omni XAU | +0.0105% | 4h | 4,345.4 | −0.116% | $48.3M | $27.6M | — | as long as short |
| Aevo XAU-PERP | +0.0112% | 1h | 4,345.1 | −0.122% | $161K | $87 | 10x | as long as short |
| MEXC XAU_USDT | +0.0118% | 4h | 4,346.9 | −0.082% | $370.4M | $321.8M | 1000x | as long as short |
| Binance XAUUSDT | +0.0120% | 4h | 4,346.9 | −0.081% | $418.9M | $2.09B | 100x | as long as short |
| edgeX XAUUSDC | +0.0135% | 4h | 4,340 | −0.239% | $30.2M | $57.9M | 50x | as long as short |
| Phoenix GOLD | +0.0136% | 1h | 4,341.7 | −0.200% | $47K | $77K | 25x | as long as short |
| GRVT XAU_USDT_Perp | +0.0148% | 4h | 4,345.6 | −0.110% | $1.4M | $2.9M | 25x | as long as short |
| Phemex XAUUSDT | +0.0199% | 4h | 4,349.1 | −0.031% | $2.2M | $967K | 100x | as long as short |
| Polymarket Perps GOLD-USD | +0.0203% | 1h | 4,345.8 | −0.106% | $4.2M | $2.0M | 20x | as long as short |
| Bullet GOLD-USD | +0.0206% | 1h | 4,346.2 | −0.097% | $59K | $82K | 10x | as long as short |
| Deribit GOLD_USDC-PERPETUAL | +0.0211% | 1h | 4,344.4 | −0.138% | $204K | $826K | 25x | as long as short |
| Kraken Futures PF_XAUUSD | +0.0259% | 1h | 4,343 | −0.171% | $590K | $135K | 25x | as long as short |
| Bitget XAUUSDT | +0.0274% | 4h | 4,347 | −0.079% | $71.1M | $108.8M | 100x | as long as short |
| OKX XAU-USDT-SWAP | +0.0330% | 8h | 4,347.9 | −0.058% | $167.2M | $283.2M | 100x | as long as short |
| BloFin XAU-USDT | +0.0360% | 4h | 4,346.2 | −0.097% | $15.8M | $4.4M | 100x | as long as short |
| HTX XAU-USDT | +0.0396% | 4h | 4,347.9 | −0.058% | $2.8M | $4.6M | 75x | as long as short |
| GMX GOLD/USD [ETH-USDC] | L +0.0428% / S −0.0252% | 1h | 4,346.2 | −0.097% | $250K | — | 111x | as long as short |
Ondo Perps XAU-USD.P
Kalshi KXGOLDPERP
Lighter XAU
Coinbase International GOLD-PERP-INTX
Bybit XAUUSDT
Gate XAU_USDT
Paradex XAU-USD-PERP
Hotstuff GOLD-PERP
Lighter RH XAU
Aster XAUUSD1
Pacifica XAU
ApeX Omni XAUUSDT
Variational Omni XAU
Aevo XAU-PERP
MEXC XAU_USDT
Binance XAUUSDT
edgeX XAUUSDC
Phoenix GOLD
GRVT XAU_USDT_Perp
Phemex XAUUSDT
Polymarket Perps GOLD-USD
Bullet GOLD-USD
Deribit GOLD_USDC-PERPETUAL
Kraken Futures PF_XAUUSD
Bitget XAUUSDT
OKX XAU-USDT-SWAP
BloFin XAU-USDT
HTX XAU-USDT
GMX GOLD/USD [ETH-USDC]