XAU

Alert

Funding spread now, next payment 14:00 UTC+0.0103%/8h

paid, last 24h+0.034%paid, last 3 days+0.211%to open and closeno order book

Long on Injective Short on Variational Omni

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	30m 23s	$619	$146K	52x
Short	Variational Omni XAU	4,366.8	0.0137	get 0.0068% / 4h	2h 30m	$47.4M	$42.3M	—

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee InjectivebpFee Variational OmnibpOrdersRate

Funding earned: $21.73
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $21.71
Break-even: 0.0 days

Slippage unknown: Injective: no order-book sample; Variational Omni: RFQ quote, 5 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.377%
Avg gap 7d: +6.245%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Variational Omni RFQ quote, 5 min ago	1.54 bp	doesn't fit	1.5 bp −$15	2.5 bp −$253	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 38 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bluefin GOLD-PERP	−0.0012%	1h	$26K	$23K	20x	as long as short
RISEx XAU/USDC	0.0000%	1h	$4.1M	$10.4M	25x	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	$3.1M	$17.1M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	$93K	$8.8M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0002%	1h	$201K	—	250x	as long as short
Hotstuff GOLD-PERP	+0.0008%	1h	$33K	—	25x	as long as short
Extended XAU-USD	+0.0032%	1h	$13.2M	$50.3M	25x	as long as short
Injective XAU/USDC PERPlong	+0.0033%	1h	$619	$146K	52x
StandX XAU-USD	+0.0040%	1h	$3.7M	$725K	40x	as long as short
QFEX GOLD-USD	+0.0043%	1h	$5.4M	$2.0M	20x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Vest GC-PERP	+0.0046%	1h	—	$331K	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	$297.1M	$48.5M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	$14.7M	$35.6M	25x	as long as short
Paradex XAU-USD-PERP	+0.0063%	8h	$12K	$2K	5x	as long as short
Lighter XAU	+0.0080%	1h	$21.1M	$39.6M	25x	as long as short
Gate XAU_USDT	+0.0082%	4h	$260.1M	$302.1M	100x	as long as short
Lighter RH XAU	+0.0088%	1h	$19.9M	$36.4M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0096%	1h	$2.0M	$3.6M	25x	as long as short
Pacifica XAU	+0.0100%	1h	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	$278K	$199K	50x	as long as short
Aevo XAU-PERP	+0.0120%	1h	$162K	—	10x	as long as short
Aster XAUUSD1	+0.0133%	4h	$68.8M	$155.5M	20x	as long as short
Variational Omni XAUshort	+0.0137%	4h	$47.4M	$42.3M	—
Phoenix GOLD	+0.0141%	1h	$51K	$44K	25x	as long as short
MEXC XAU_USDT	+0.0144%	4h	$375.3M	$324.0M	1000x	as long as short
Binance XAUUSDT	+0.0145%	4h	$440.1M	$1.52B	100x	as long as short
edgeX XAUUSDC	+0.0150%	4h	$30.4M	$41.0M	50x	as long as short
Bybit XAUUSDT	+0.0179%	4h	$82.9M	$104.4M	150x	as long as short
Phemex XAUUSDT	+0.0187%	4h	$2.2M	$750K	100x	as long as short
Bullet GOLD-USD	+0.0194%	1h	$59K	$78K	10x	as long as short
Bitget XAUUSDT	+0.0234%	4h	$68.3M	$72.5M	100x	as long as short
Polymarket Perps GOLD-USD	+0.0243%	1h	$4.1M	$1.7M	20x	as long as short
Kraken Futures PF_XAUUSD	+0.0304%	1h	$589K	$98K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0318%	8h	$155.5M	$203.4M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0346%	1h	$253K	$850K	25x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0347% / S −0.0156%	1h	$221K	—	111x	as long as short
BloFin XAU-USDT	+0.0385%	4h	$15.0M	$2.9M	100x	as long as short
HTX XAU-USDT	+0.0408%	4h	$2.5M	$1.3M	75x	as long as short