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

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC−0.0241%/8h= −26.4% APRpaid last 24h −0.077%
Price spread now: Injective against HTX−0.045%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
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Injective is 0.045% cheaper against HTX than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX XAU-USDT4,352.40.0275pay 0.0137% / 4h2h 46m$2.8M$4.6M75x
ShortInjective XAU/USDC PERP4,350.40.0033get 0.0004% / 1h46m 37s$619$5452x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective against HTX. 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
−$50.65
Price spread: −0.045% → 0.000%
−$4.46
Slippage, 4 orders
no order book: not counted
Fee HTX: 6 bp × 2 orders
−$12
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
−$67.12
Costs to cover
0.120%
Break-even
never at this rate
Slippage unknown: HTX: live order book, 2 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 HTX live order book, 2 min ago0.01 bp6.0 bp −$69.0 bp −$9018.6 bp −$1,859doesn'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
Bluefin GOLD-PERP−0.0057%1h4,344.6−0.179%$25K$14K20xas long as short
SunX XAU-USDT0.0000%4h4,354.3+0.045%$93K$8.5M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,346.6−0.132%$272K250xas long as short
Hotstuff GOLD-PERP+0.0024%1h4,346.7−0.130%$33K25xas long as short
Extended XAU-USD+0.0032%1h4,346.9−0.126%$13.2M$37.3M25xas long as short
Injective XAU/USDC PERPshort+0.0033%1h4,350.4−0.045%$619$5452x
StandX XAU-USD+0.0040%1h4,351.5−0.020%$3.8M$4.5M40xas long as short
QFEX GOLD-USD+0.0044%1h4,348.9−0.079%$5.5M$2.1M20xas long as short
Vest GC-PERP+0.0046%1h4,383.3+0.711%$1.0M25xas long as short
tradeXYZ xyz:GOLD+0.0050%1h4,347−0.123%$293.7M$49.5M25xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps XAU-USD.P+0.0050%1h4,347.3−0.117%$15.1M$56.7M25xas long as short
RISEx XAU/USDC+0.0054%1h4,350.8−0.036%$3.7M$12.6M25xas long as short
Kalshi KXGOLDPERP+0.0054%24h4,349−0.077%$4.2M$39.3M15xas long as short
Lighter XAU+0.0056%1h4,349.8−0.058%$20.7M$30.4M25xas long as short
Bybit XAUUSDT+0.0067%4h4,351.8−0.013%$80.2M$151.7M150xas long as short
Paradex XAU-USD-PERP+0.0070%8h4,350.6−0.040%$19K$5K5xas long as short
Coinbase International GOLD-PERP-INTX+0.0072%1h4,346.9−0.125%$2.1M$4.7M25xas long as short
Gate XAU_USDT+0.0074%4h4,351.7−0.014%$271.7M$397.4M100xas long as short
Pacifica XAU+0.0100%1h4,346.9−0.126%$1.4M$1.2M10xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,346.9−0.125%$277K$204K50xas long as short
Lighter RH XAU+0.0104%1h4,351.9−0.010%$20.1M$38.1M25xas long as short
Aster XAUUSD1+0.0106%4h4,352.40.000%$71.6M$331.2M20xas long as short
Variational Omni XAU+0.0108%4h4,349.5−0.066%$48.5M$27.6Mas long as short
Aevo XAU-PERP+0.0112%1h4,349.8−0.058%$161K$8710xas long as short
MEXC XAU_USDT+0.0118%4h4,350.5−0.042%$370.3M$317.9M1000xas long as short
Binance XAUUSDT+0.0118%4h4,350.7−0.039%$418.8M$2.09B100xas long as short
GRVT XAU_USDT_Perp+0.0124%4h4,350−0.053%$1.4M$2.9M25xas long as short
Phoenix GOLD+0.0127%1h4,347.7−0.107%$47K$77K25xas long as short
edgeX XAUUSDC+0.0132%4h4,345.7−0.153%$30.2M$58.1M50xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0141%1h4,349.3−0.070%$203K$822K25xas long as short
Bullet GOLD-USD+0.0157%1h4,350.2−0.049%$59K$82K10xas long as short
Polymarket Perps GOLD-USD+0.0168%1h4,349.8−0.059%$4.3M$2.0M20xas long as short
Phemex XAUUSDT+0.0205%4h4,352.9+0.013%$2.2M$967K100xas long as short
Kraken Futures PF_XAUUSD+0.0246%1h4,347.4−0.115%$591K$128K25xas long as short
HTX XAU-USDTlong+0.0275%4h4,352.4long leg$2.8M$4.6M75x
Bitget XAUUSDT+0.0278%4h4,350.8−0.037%$71.5M$107.9M100xas long as short
OKX XAU-USDT-SWAP+0.0335%8h4,351.4−0.022%$168.1M$282.0M100xas long as short
BloFin XAU-USDT+0.0371%4h4,349.2−0.072%$15.8M$4.4M100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0427% / S −0.0252%1h4,350.2−0.050%$251K111xas long as short