Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0021%/8h= +2.3% APRpaid last 24h −0.006%

Price spread now: Injective against Gate+0.006%69s7-day average — · you sell dearer than you buy

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

Long on Gate 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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$1 a day on $10k at the current rate. The two prices were read 69 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XAU_USDT	4,350.2	0.0012	pay 0.0006% / 4h	38m 00s	$267.9M	$411.1M	100x
Short	Injective XAU/USDC PERP	4,350.4	0.0033	get 0.0004% / 1h	38m 00s	$619	$54	52x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Gate. 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 GatebpFee InjectivebpOrdersPrice spread, now +0.006%Rate

Funding earned: $4.48
Price spread: +0.006% → 0.000%: $0.6
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$9.94
Costs to cover: 0.150%
Break-even: 22.5 days

Slippage unknown: Gate: live order book, 1 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 Gate live order book, 1 min ago	0.01 bp	7.5 bp −$8	9.4 bp −$94	13.0 bp −$1,300	14.4 bp −$7,210
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
RISEx XAU/USDC	0.0000%	1h	4,348.8	−0.031%	$3.4M	$12.3M	25x	as long as short
SunX XAU-USDT	0.0000%	4h	4,353.4	+0.075%	$93K	$9.0M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,345.5	−0.107%	$271K	—	250x	as long as short
Gate XAU_USDTlong	+0.0012%	4h	4,350.2	long leg	$267.9M	$411.1M	100x
Lighter XAU	+0.0032%	1h	4,348	−0.051%	$20.8M	$37.8M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,345.3	−0.112%	$13.3M	$38.5M	25x	as long as short
Injective XAU/USDC PERPshort	+0.0033%	1h	4,350.4	+0.006%	$619	$54	52x
Lighter RH XAU	+0.0040%	1h	4,350.1	−0.001%	$20.1M	$39.2M	25x	as long as short
StandX XAU-USD	+0.0040%	1h	4,349.3	−0.020%	$3.8M	$4.6M	40x	as long as short
QFEX GOLD-USD	+0.0041%	1h	4,348.4	−0.040%	$5.7M	$2.0M	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kalshi KXGOLDPERP	+0.0044%	24h	4,347.6	−0.059%	$4.1M	$37.1M	15x	as long as short
Vest GC-PERP	+0.0046%	1h	4,382.2	+0.737%	—	$1.1M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0048%	1h	4,345.2	−0.114%	$2.0M	$4.9M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,346.2	−0.091%	$293.9M	$48.7M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,345.5	−0.107%	$15.1M	$56.8M	25x	as long as short
Aster XAUUSD1	+0.0065%	4h	4,349.7	−0.010%	$71.0M	$333.7M	20x	as long as short
Variational Omni XAU	+0.0079%	4h	4,348.9	−0.029%	$48.4M	$27.7M	—	as long as short
GRVT XAU_USDT_Perp	+0.0086%	4h	4,349.1	−0.024%	$1.4M	$3.0M	25x	as long as short
Paradex XAU-USD-PERP	+0.0086%	8h	4,348.8	−0.030%	$19K	$5K	5x	as long as short
MEXC XAU_USDT	+0.0092%	4h	4,349.1	−0.025%	$372.2M	$317.1M	1000x	as long as short
Binance XAUUSDT	+0.0095%	4h	4,349	−0.027%	$414.4M	$2.09B	100x	as long as short
Pacifica XAU	+0.0100%	1h	4,345.3	−0.111%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,345.6	−0.106%	$275K	$203K	50x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,348.5	−0.039%	$161K	$87	10x	as long as short
edgeX XAUUSDC	+0.0105%	4h	4,345	−0.119%	$30.2M	$58.2M	50x	as long as short
Phoenix GOLD	+0.0142%	1h	4,346.8	−0.077%	$47K	$77K	25x	as long as short
Hotstuff GOLD-PERP	+0.0144%	1h	4,345.7	−0.103%	$33K	—	25x	as long as short
Polymarket Perps GOLD-USD	+0.0156%	1h	4,348.8	−0.031%	$4.3M	$1.9M	20x	as long as short
Kraken Futures PF_XAUUSD	+0.0194%	1h	4,346.1	−0.094%	$593K	$133K	25x	as long as short
Bullet GOLD-USD	+0.0207%	1h	4,349.4	−0.018%	$59K	$82K	10x	as long as short
Phemex XAUUSDT	+0.0209%	4h	4,352	+0.042%	$2.2M	$967K	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0233%	1h	4,348	−0.050%	$243K	$788K	25x	as long as short
Bitget XAUUSDT	+0.0234%	4h	4,349.2	−0.021%	$70.0M	$109.2M	100x	as long as short
Bybit XAUUSDT	+0.0238%	4h	4,350.3	+0.003%	$85.1M	$144.8M	150x	as long as short
OKX XAU-USDT-SWAP	+0.0283%	8h	4,350.5	+0.008%	$165.6M	$281.8M	100x	as long as short
BloFin XAU-USDT	+0.0343%	4h	4,348.5	−0.038%	$15.6M	$4.5M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0413% / S −0.0229%	1h	4,349.4	−0.018%	$248K	—	111x	as long as short
Bluefin GOLD-PERP	+0.0475%	1h	4,342.6	−0.175%	$25K	$14K	20x	as long as short
HTX XAU-USDT	+0.0629%	4h	4,353.6	+0.078%	$2.9M	$4.3M	75x	as long as short