Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0069%/8h= +7.5% APRpaid last 24h +0.001%

Price spread now: Gate against Injective−0.558%7-day average — · you buy dearer than you sell

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

Long on Injective Short on Gate

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

Funding pays, the price is against you. Gate is 0.558% cheaper against Injective than usual: you would sell low and buy high (spread −0.558% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$56 on $10k: about 27 days of funding at the current rate (+$2 a day).

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	56m 45s	$619	$54	52x
Short	Gate XAU_USDT	4,326.1	0.0102	get 0.0051% / 4h	56m 45s	$279.4M	$407.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Injective. 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 InjectivebpFee GatebpOrdersPrice spread, now −0.558%Rate

Funding earned: $14.42
Price spread: −0.558% → 0.000%: −$55.83
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$56.43
Costs to cover: 0.150%
Break-even: 34.4 days

Slippage unknown: Injective: no order-book sample; Gate: live order book, 2 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 Gate live order book, 2 min ago	0.01 bp	7.5 bp −$8	8.7 bp −$87	12.4 bp −$1,238	14.2 bp −$7,101

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	−0.0124%	1h	4,318.3	−0.738%	$25K	$1K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,329.5	−0.481%	$92K	$7.5M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,320.2	−0.695%	$270K	—	250x	as long as short
Bybit XAUUSDT	+0.0026%	4h	4,324.2	−0.602%	$76.9M	$153.9M	150x	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	4,324.7	−0.591%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0045%	1h	4,322.7	−0.637%	$5.4M	$2.0M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,355.5	+0.117%	—	$1.0M	25x	as long as short
Lighter XAU	+0.0048%	1h	4,322.7	−0.637%	$20.3M	$28.8M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,320.1	−0.697%	$291.4M	$51.6M	25x	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	4,319.3	−0.714%	$15.0M	$55.7M	25x	as long as short
Hotstuff GOLD-PERP	+0.0056%	1h	4,320.6	−0.685%	$32K	—	25x	as long as short
Aster XAUUSD1	+0.0059%	4h	4,325.3	−0.577%	$72.7M	$272.9M	20x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,319.3	−0.715%	$2.1M	$4.9M	25x	as long as short
Paradex XAU-USD-PERP	+0.0073%	8h	4,322.8	−0.634%	$2K	$14K	5x	as long as short
Kalshi KXGOLDPERP	+0.0085%	24h	4,324.6	−0.594%	$3.8M	$44.3M	15x	as long as short
Variational Omni XAU	+0.0094%	4h	4,321.5	−0.665%	$47.2M	$29.1M	—	as long as short
GRVT XAU_USDT_Perp	+0.0098%	4h	4,321.8	−0.657%	$1.4M	$3.0M	25x	as long as short
Phoenix GOLD	+0.0100%	1h	4,319.5	−0.711%	$47K	$79K	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,320	−0.699%	$1.4M	$1.2M	10x	as long as short
MEXC XAU_USDT	+0.0100%	4h	4,323.9	−0.611%	$365.1M	$324.4M	1000x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,318.8	−0.728%	$272K	$208K	50x	as long as short
Binance XAUUSDT	+0.0100%	4h	4,323.6	−0.616%	$424.6M	$2.14B	100x	as long as short
Gate XAU_USDTshort	+0.0102%	4h	4,326.1	−0.558%	$279.4M	$407.9M	100x
Aevo XAU-PERP	+0.0104%	1h	4,323.5	−0.619%	$160K	$87	10x	as long as short
edgeX XAUUSDC	+0.0110%	4h	4,319	−0.723%	$30.1M	$59.2M	50x	as long as short
Lighter RH XAU	+0.0112%	1h	4,325.2	−0.579%	$20.0M	$38.5M	25x	as long as short
Extended XAU-USD	+0.0136%	1h	4,320.8	−0.681%	$12.9M	$36.1M	25x	as long as short
Bullet GOLD-USD	+0.0166%	1h	4,323.3	−0.624%	$59K	$81K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0192%	1h	4,322.7	−0.637%	$4.3M	$2.0M	20x	as long as short
Bitget XAUUSDT	+0.0206%	4h	4,323.5	−0.619%	$68.5M	$118.1M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0213%	1h	4,324	−0.607%	$163K	$860K	25x	as long as short
Kraken Futures PF_XAUUSD	+0.0228%	1h	4,321.2	−0.672%	$578K	$136K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0293%	8h	4,323.9	−0.610%	$173.3M	$300.0M	100x	as long as short
BloFin XAU-USDT	+0.0340%	4h	4,324.8	−0.588%	$16.4M	$4.6M	100x	as long as short
HTX XAU-USDT	+0.0343%	4h	4,330.3	−0.463%	$3.2M	$5.8M	75x	as long as short
Phemex XAUUSDT	+0.0366%	4h	4,325.9	−0.563%	$2.2M	$975K	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0462% / S −0.0307%	1h	4,323.9	−0.609%	$253K	—	111x	as long as short
RISEx XAU/USDC	+0.0643%	1h	4,325.6	−0.570%	$4.1M	$12.8M	25x	as long as short