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

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0023%/8h= +2.5% APRnext payment +$0.03 per $10,000 · paid last 24h −0.029%
Price spread now: Injective against RISEx−0.167%7-day average · you buy dearer than you sell
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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding pays, the price is against you. Injective is 0.167% cheaper against RISEx than usual: you would sell low and buy high (spread −0.167% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$17 on $10k: about 24 days of funding at the current rate (+$1 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongRISEx XAU/USDC4,357.70.0010pay 0.0001% / 1h24m 49s$3.4M$12.4M25x
ShortInjective XAU/USDC PERP4,350.40.0033get 0.0004% / 1h24m 49s$619$5452x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective against RISEx. 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
$4.82
Price spread: −0.167% → 0.000%
−$16.74
Slippage, 4 orders
no order book: not counted
Fee RISEx: 3 bp × 2 orders
−$6
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
−$17.95
Costs to cover
0.060%
Break-even
33.1 days
Slippage unknown: RISEx: 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
LegHalf-spread$10k$100k$1M$5M
Buy RISEx live order book, 4 min ago0.01 bp4.5 bp −$45.7 bp −$57doesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX XAU-USDT0.0000%4h4,362.7+0.114%$93K$9.2M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,354.4−0.075%$267K250xas long as short
Gate XAU_USDT+0.0008%4h4,359.7+0.046%$264.7M$412.9M100xas long as short
RISEx XAU/USDClong+0.0010%1h4,357.7long leg$3.4M$12.4M25x
Extended XAU-USD+0.0032%1h4,354.7−0.070%$13.6M$38.9M25xas long as short
Injective XAU/USDC PERPshort+0.0033%1h4,350.4−0.167%$619$5452x
Kalshi KXGOLDPERP+0.0039%24h4,355.7−0.046%$4.1M$37.0M15xas long as short
StandX XAU-USD+0.0040%1h4,356.7−0.023%$3.8M$4.6M40xas long as short
Aster XAUUSD1+0.0043%4h4,359.2+0.034%$70.5M$333.9M20xas long as short
Vest GC-PERP+0.0046%1h4,391.4+0.773%$1.0M25xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX GOLD-USD+0.0046%1h4,355.8−0.044%$5.6M$1.9M20xas long as short
Coinbase International GOLD-PERP-INTX+0.0048%1h4,354.9−0.065%$2.0M$4.9M25xas long as short
tradeXYZ xyz:GOLD+0.0050%1h4,355.2−0.058%$294.2M$48.7M25xas long as short
Ondo Perps XAU-USD.P+0.0050%1h4,354.4−0.077%$15.1M$57.3M25xas long as short
GRVT XAU_USDT_Perp+0.0054%4h4,357.1−0.014%$1.4M$3.0M25xas long as short
Lighter XAU+0.0056%1h4,357.8+0.002%$20.7M$42.3M25xas long as short
Variational Omni XAU+0.0057%4h4,355.6−0.048%$48.3M$27.9Mas long as short
Lighter RH XAU+0.0064%1h4,360.1+0.054%$20.2M$39.7M25xas long as short
Binance XAUUSDT+0.0074%4h4,358.7+0.023%$412.1M$2.10B100xas long as short
MEXC XAU_USDT+0.0074%4h4,358.4+0.015%$372.5M$318.8M1000xas long as short
Paradex XAU-USD-PERP+0.0081%8h4,357.8+0.001%$19K$5K5xas long as short
edgeX XAUUSDC+0.0093%4h4,349.4−0.191%$30.3M$58.3M50xas long as short
Aevo XAU-PERP+0.0096%1h4,356.7−0.023%$161K$8710xas long as short
Pacifica XAU+0.0100%1h4,355.1−0.059%$1.4M$1.1M10xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,353.9−0.087%$275K$203K50xas long as short
Phemex XAUUSDT+0.0122%4h4,359.2+0.033%$2.2M$1.1M100xas long as short
Polymarket Perps GOLD-USD+0.0126%1h4,357.8+0.002%$4.3M$1.9M20xas long as short
Phoenix GOLD+0.0136%1h4,350.3−0.170%$47K$77K25xas long as short
Bybit XAUUSDT+0.0199%4h4,360.2+0.057%$84.5M$145.8M150xas long as short
Bullet GOLD-USD+0.0202%1h4,358.2+0.011%$60K$83K10xas long as short
Hotstuff GOLD-PERP+0.0208%1h4,352.9−0.111%$33K25xas long as short
Bitget XAUUSDT+0.0212%4h4,359.2+0.034%$70.3M$109.4M100xas long as short
OKX XAU-USDT-SWAP+0.0253%8h4,359.9+0.050%$165.2M$282.7M100xas long as short
Kraken Futures PF_XAUUSD+0.0269%1h4,355.2−0.058%$594K$133K25xas long as short
BloFin XAU-USDT+0.0296%4h4,356.2−0.035%$15.5M$4.6M100xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0301%1h4,357.6−0.003%$278K$727K25xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0401% / S −0.0213%1h4,358.4+0.015%$249K111xas long as short
Bluefin GOLD-PERP+0.0519%1h4,350.2−0.172%$25K$14K20xas long as short
HTX XAU-USDT+0.0567%4h4,363.2+0.126%$2.9M$4.2M75xas long as short