Funding you earn now, next payment 05:00 UTC−0.0030%/8h= −3.3% APRnext payment −$0.04 per $10,000 · paid last 24h −0.012%
Price spread now: gTrade (Gains Network) against Injective−0.311%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 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
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and gTrade (Gains Network) is 0.311% cheaper against Injective than usual: you would sell low and buy high (−$31 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| 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 | 41m 16s | $619 | $54 | 52x |
| Short | gTrade (Gains Network) XAU/USD | 4,336.9 | L +0.0002% / S −0.0003% | get 0.0000% / 1h | 41m 16s | $271K | — | 250x |
Injective XAU/USDC PERP
gTrade (Gains Network) XAU/USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
gTrade (Gains Network) against Injective. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$6.35
- Price spread: −0.311% → 0.000%
- −$31.12
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee gTrade (Gains Network): 3.5 bp × 2 orders
- −$7
- Net
- −$44.49
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: Injective: no order-book sample; gTrade (Gains Network): virtual book (oracle venue), 43 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 gTrade (Gains Network) virtual book (oracle venue), 43 min ago | 130.01 bp | 133.5 bp −$134 | 243.0 bp −$2,430 | 1975.4 bp −$197.5K | 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 | −0.0120% | 1h | 4,338.9 | −0.265% | $33K | — | 25x | as long as short |
| Bluefin GOLD-PERP | −0.0012% | 1h | 4,335.4 | −0.346% | $25K | $14K | 20x | as long as short |
| Gate XAU_USDT | 0.0000% | 4h | 4,342.6 | −0.180% | $267.7M | $413.7M | 100x | as long as short |
| SunX XAU-USDT | 0.0000% | 4h | 4,345.3 | −0.118% | $92K | $8.7M | 20x | as long as short |
| gTrade (Gains Network) XAU/USDshort | L +0.0002% / S −0.0003% | 1h | 4,336.9 | −0.311% | $271K | — | 250x | |
| RISEx XAU/USDC | +0.0005% | 1h | 4,339.9 | −0.242% | $3.5M | $12.1M | 25x | as long as short |
| Extended XAU-USD | +0.0032% | 1h | 4,336.8 | −0.313% | $13.3M | $37.8M | 25x | as long as short |
| Injective XAU/USDC PERPlong | +0.0033% | 1h | 4,350.4 | long leg | $619 | $54 | 52x | |
| Lighter XAU | +0.0040% | 1h | 4,339.7 | −0.246% | $20.8M | $34.5M | 25x | as long as short |
| Lighter RH XAU | +0.0040% | 1h | 4,341.8 | −0.198% | $20.0M | $39.3M | 25x | as long as short |
Hotstuff GOLD-PERP
Bluefin GOLD-PERP
Gate XAU_USDT
SunX XAU-USDT
RISEx XAU/USDC
Extended XAU-USD
Lighter XAU
Lighter RH XAUShow all 39 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| StandX XAU-USD | +0.0040% | 1h | 4,343.7 | −0.154% | $3.8M | $4.5M | 40x | as long as short |
| QFEX GOLD-USD | +0.0042% | 1h | 4,338.9 | −0.265% | $5.7M | $2.0M | 20x | as long as short |
| Vest GC-PERP | +0.0046% | 1h | 4,373.4 | +0.528% | — | $1.0M | 25x | as long as short |
| tradeXYZ xyz:GOLD | +0.0050% | 1h | 4,338.4 | −0.276% | $293.5M | $49.3M | 25x | as long as short |
| Ondo Perps XAU-USD.P | +0.0050% | 1h | 4,337.2 | −0.303% | $15.1M | $56.9M | 25x | as long as short |
| Kalshi KXGOLDPERP | +0.0051% | 24h | 4,338.4 | −0.276% | $4.3M | $37.5M | 15x | as long as short |
| Coinbase International GOLD-PERP-INTX | +0.0056% | 1h | 4,339.7 | −0.246% | $2.1M | $4.8M | 25x | as long as short |
| Bybit XAUUSDT | +0.0059% | 4h | 4,341.5 | −0.205% | $80.5M | $151.4M | 150x | as long as short |
| Aster XAUUSD1 | +0.0076% | 4h | 4,341.9 | −0.197% | $71.4M | $332.3M | 20x | as long as short |
| Paradex XAU-USD-PERP | +0.0083% | 8h | 4,340.4 | −0.231% | $19K | $5K | 5x | as long as short |
| Variational Omni XAU | +0.0087% | 4h | 4,342.7 | −0.177% | $48.3M | $27.7M | — | as long as short |
| Pacifica XAU | +0.0100% | 1h | 4,337 | −0.308% | $1.4M | $1.1M | 10x | as long as short |
| ApeX Omni XAUUSDT | +0.0100% | 1h | 4,339.3 | −0.256% | $274K | $203K | 50x | as long as short |
| MEXC XAU_USDT | +0.0102% | 4h | 4,341 | −0.216% | $369.5M | $319.1M | 1000x | as long as short |
| Binance XAUUSDT | +0.0103% | 4h | 4,341 | −0.216% | $416.9M | $2.09B | 100x | as long as short |
| Aevo XAU-PERP | +0.0104% | 1h | 4,340.5 | −0.227% | $161K | $87 | 10x | as long as short |
| edgeX XAUUSDC | +0.0110% | 4h | 4,337.2 | −0.305% | $30.2M | $58.3M | 50x | as long as short |
| Phoenix GOLD | +0.0136% | 1h | 4,339.8 | −0.244% | $47K | $77K | 25x | as long as short |
| GRVT XAU_USDT_Perp | +0.0174% | 4h | 4,343.4 | −0.161% | $1.4M | $2.9M | 25x | as long as short |
| Deribit GOLD_USDC-PERPETUAL | +0.0211% | 1h | 4,339.3 | −0.256% | $205K | $827K | 25x | as long as short |
| Bullet GOLD-USD | +0.0215% | 1h | 4,341.2 | −0.212% | $59K | $82K | 10x | as long as short |
| Polymarket Perps GOLD-USD | +0.0218% | 1h | 4,340.8 | −0.221% | $4.3M | $1.9M | 20x | as long as short |
| Bitget XAUUSDT | +0.0246% | 4h | 4,341.6 | −0.202% | $71.0M | $109.4M | 100x | as long as short |
| Kraken Futures PF_XAUUSD | +0.0259% | 1h | 4,338.2 | −0.282% | $592K | $132K | 25x | as long as short |
| OKX XAU-USDT-SWAP | +0.0319% | 8h | 4,341.6 | −0.203% | $166.4M | $281.6M | 100x | as long as short |
| Phemex XAUUSDT | +0.0365% | 4h | 4,344.1 | −0.146% | $2.2M | $967K | 100x | as long as short |
| BloFin XAU-USDT | +0.0366% | 4h | 4,341.7 | −0.200% | $15.6M | $4.4M | 100x | as long as short |
| GMX GOLD/USD [ETH-USDC] | L +0.0427% / S −0.0252% | 1h | 4,341.2 | −0.212% | $250K | — | 111x | as long as short |
| HTX XAU-USDT | +0.0581% | 4h | 4,345.7 | −0.108% | $2.8M | $4.6M | 75x | as long as short |
StandX XAU-USD
QFEX GOLD-USD
Vest GC-PERP
tradeXYZ xyz:GOLD
Ondo Perps XAU-USD.P
Kalshi KXGOLDPERP
Coinbase International GOLD-PERP-INTX
Bybit XAUUSDT
Aster XAUUSD1
Paradex XAU-USD-PERP
Variational Omni XAU
Pacifica XAU
ApeX Omni XAUUSDT
MEXC XAU_USDT
Binance XAUUSDT
Aevo XAU-PERP
edgeX XAUUSDC
Phoenix GOLD
GRVT XAU_USDT_Perp
Deribit GOLD_USDC-PERPETUAL
Bullet GOLD-USD
Polymarket Perps GOLD-USD
Bitget XAUUSDT
Kraken Futures PF_XAUUSD
OKX XAU-USDT-SWAP
Phemex XAUUSDT
BloFin XAU-USDT
GMX GOLD/USD [ETH-USDC]
HTX XAU-USDT