XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0135%/8h= +14.8% APRnext payment +$0.17 per $10,000 · paid last 24h +0.063%

Price spread now: Deribit against Injective−1.010%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 Deribit

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. Deribit is 1.010% cheaper against Injective than usual: you would sell low and buy high (spread −1.010% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$101 on $10k: about 25 days of funding at the current rate (+$4 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	37m 08s	$619	$54	52x
Short	Deribit GOLD_USDC-PERPETUAL	4,306.5	0.0168	get 0.0021% / 1h	37m 08s	$134K	$864K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −1.010%Rate

Funding earned: $28.31
Price spread: −1.010% → 0.000%: −$100.96
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$79.66
Costs to cover: 0.070%
Break-even: 26.7 days

Slippage unknown: Injective: no order-book sample; Deribit: live order book, 62 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 Deribit live order book, 62 min ago	0.12 bp	8.4 bp −$8	9.4 bp −$94	doesn't fit	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 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
Hotstuff GOLD-PERP	−0.0032%	1h	4,305.5	−1.033%	$32K	—	25x	as long as short
SunX XAU-USDT	0.0000%	4h	4,311.6	−0.892%	$92K	$6.8M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,303.5	−1.078%	$278K	—	250x	as long as short
GRVT XAU_USDT_Perp	+0.0012%	4h	4,308	−0.974%	$1.4M	$3.0M	25x	as long as short
Injective XAU/USDC PERPlong	+0.0033%	1h	4,350.4	long leg	$619	$54	52x
Vest GC-PERP	+0.0046%	1h	4,340.1	−0.237%	—	$1.0M	25x	as long as short
QFEX GOLD-USD	+0.0046%	1h	4,307	−0.998%	$6.6M	$3.1M	20x	as long as short
StandX XAU-USD	+0.0046%	1h	4,309.8	−0.934%	$3.8M	$4.5M	40x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,305.1	−1.042%	$290.9M	$53.8M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0050%	1h	4,304.5	−1.056%	$4.3M	$1.8M	20x	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	4,304.7	−1.051%	$15.0M	$55.8M	25x	as long as short
Aster XAUUSD1	+0.0052%	4h	4,309	−0.953%	$73.4M	$271.8M	20x	as long as short
Extended XAU-USD	+0.0056%	1h	4,304	−1.067%	$13.1M	$36.2M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0056%	1h	4,303.9	−1.069%	$2.0M	$5.1M	25x	as long as short
Paradex XAU-USD-PERP	+0.0061%	8h	4,308	−0.976%	$2K	$13K	5x	as long as short
Lighter XAU	+0.0080%	1h	4,307.1	−0.996%	$20.3M	$28.8M	25x	as long as short
Variational Omni XAU	+0.0087%	4h	4,306.3	−1.015%	$46.6M	$29.2M	—	as long as short
Phoenix GOLD	+0.0095%	1h	4,303.2	−1.085%	$42K	$86K	25x	as long as short
Bybit XAUUSDT	+0.0095%	4h	4,308.8	−0.956%	$77.5M	$157.2M	150x	as long as short
Lighter RH XAU	+0.0096%	1h	4,309.8	−0.935%	$19.8M	$39.9M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,304.8	−1.048%	$1.4M	$1.2M	10x	as long as short
MEXC XAU_USDT	+0.0100%	4h	4,308.2	−0.971%	$361.0M	$337.1M	1000x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,304.4	−1.058%	$275K	$218K	50x	as long as short
Binance XAUUSDT	+0.0102%	4h	4,307.7	−0.983%	$434.2M	$2.22B	100x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,307	−0.999%	$160K	$87	10x	as long as short
Kalshi KXGOLDPERP	+0.0109%	24h	4,310.6	−0.915%	$3.7M	$46.4M	15x	as long as short
edgeX XAUUSDC	+0.0111%	4h	4,306.8	−1.004%	$30.0M	$61.5M	50x	as long as short
RISEx XAU/USDC	+0.0126%	1h	4,308.1	−0.972%	$4.4M	$13.1M	25x	as long as short
Gate XAU_USDT	+0.0150%	4h	4,310.3	−0.921%	$296.2M	$426.1M	100x	as long as short
Deribit GOLD_USDC-PERPETUALshort	+0.0168%	1h	4,306.5	−1.010%	$134K	$864K	25x
Bitget XAUUSDT	+0.0190%	4h	4,308.5	−0.964%	$70.4M	$124.6M	100x	as long as short
Bullet GOLD-USD	+0.0195%	1h	4,308.2	−0.970%	$58K	$81K	10x	as long as short
OKX XAU-USDT-SWAP	+0.0249%	8h	4,308.7	−0.959%	$170.9M	$329.3M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0328%	1h	4,305.7	−1.027%	$573K	$138K	25x	as long as short
BloFin XAU-USDT	+0.0367%	4h	4,307.9	−0.977%	$16.2M	$5.0M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0466% / S −0.0314%	1h	4,307.7	−0.982%	$255K	—	111x	as long as short
Phemex XAUUSDT	+0.0496%	4h	4,311.1	−0.905%	$2.2M	$955K	100x	as long as short
HTX XAU-USDT	+0.1083%	4h	4,315.7	−0.799%	$3.2M	$6.2M	75x	as long as short
Bluefin GOLD-PERP	+0.4755%	1h	4,303.1	−1.089%	$25K	$1K	20x	as long as short