XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0039%/8h= +4.2% APRnext payment +$0.05 per $10,000 · paid last 24h +0.004%

Price spread now: Hotstuff against Injective−0.458%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 Hotstuff

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—+ Points / potential airdropHotstuff: Active · farm boardneeds both histories

Funding pays, the price is against you. Hotstuff is 0.458% cheaper against Injective than usual: you would sell low and buy high (spread −0.458% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$46 on $10k: about 39 days of funding at the current rate (+$1 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	5m 03s	$619	$54	52x
Short	Hotstuff GOLD-PERP	4,330.5	0.0072	get 0.0009% / 1h	5m 03s	$32K	—	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff 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 HotstuffbpOrdersPrice spread, now −0.458%Rate

Funding earned: $8.12
Price spread: −0.458% → 0.000%: −$45.79
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$42.69
Costs to cover: 0.050%
Break-even: 43.8 days

Slippage unknown: Injective: no order-book sample; Hotstuff: 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 Injective no order-book sample	—	—	—	—	—
Sell Hotstuff no order-book sample	—	—	—	—	—

Injective and Hotstuff: 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
SunX XAU-USDT	0.0000%	4h	4,336.1	−0.330%	$92K	$8.1M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,329.4	−0.484%	$271K	—	250x	as long as short
Bybit XAUUSDT	+0.0004%	4h	4,332.8	−0.406%	$78.4M	$156.3M	150x	as long as short
Extended XAU-USD	+0.0032%	1h	4,329.2	−0.489%	$13.1M	$36.7M	25x	as long as short
Injective XAU/USDC PERPlong	+0.0033%	1h	4,350.4	long leg	$619	$54	52x
StandX XAU-USD	+0.0040%	1h	4,337.3	−0.302%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0044%	1h	4,332.6	−0.410%	$5.4M	$2.1M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,366.4	+0.367%	—	$1.0M	25x	as long as short
Lighter XAU	+0.0048%	1h	4,331.7	−0.431%	$20.4M	$31.8M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,329	−0.492%	$291.9M	$51.6M	25x	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	4,329.5	−0.481%	$15.0M	$56.4M	25x	as long as short
RISEx XAU/USDC	+0.0054%	1h	4,334.5	−0.365%	$3.8M	$12.5M	25x	as long as short
Gate XAU_USDT	+0.0062%	4h	4,333.8	−0.382%	$270.9M	$419.5M	100x	as long as short
Kalshi KXGOLDPERP	+0.0064%	24h	4,334.5	−0.366%	$4.0M	$42.3M	15x	as long as short
Paradex XAU-USD-PERP	+0.0070%	8h	4,333.5	−0.390%	$19K	$5K	5x	as long as short
Lighter RH XAU	+0.0072%	1h	4,334	−0.378%	$19.9M	$39.0M	25x	as long as short
Hotstuff GOLD-PERPshort	+0.0072%	1h	4,330.5	−0.458%	$32K	—	25x
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,332	−0.423%	$2.0M	$4.8M	25x	as long as short
Aster XAUUSD1	+0.0093%	4h	4,333.9	−0.380%	$72.4M	$329.7M	20x	as long as short
GRVT XAU_USDT_Perp	+0.0098%	4h	4,336.1	−0.330%	$1.4M	$3.0M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,330.2	−0.465%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,333.2	−0.397%	$273K	$208K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,326.7	−0.544%	$25K	$14K	20x	as long as short
Variational Omni XAU	+0.0101%	4h	4,334.6	−0.364%	$46.8M	$28.7M	—	as long as short
Binance XAUUSDT	+0.0109%	4h	4,332.2	−0.419%	$414.2M	$2.12B	100x	as long as short
MEXC XAU_USDT	+0.0110%	4h	4,332.1	−0.421%	$363.5M	$331.2M	1000x	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,332.5	−0.412%	$160K	$87	10x	as long as short
edgeX XAUUSDC	+0.0121%	4h	4,331.7	−0.431%	$30.1M	$60.5M	50x	as long as short
Phoenix GOLD	+0.0127%	1h	4,332.8	−0.405%	$47K	$77K	25x	as long as short
Bullet GOLD-USD	+0.0159%	1h	4,333.1	−0.398%	$59K	$82K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0175%	1h	4,333	−0.400%	$4.2M	$2.0M	20x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0212%	1h	4,331.3	−0.439%	$195K	$826K	25x	as long as short
HTX XAU-USDT	+0.0222%	4h	4,336.6	−0.317%	$2.8M	$5.0M	75x	as long as short
Kraken Futures PF_XAUUSD	+0.0247%	1h	4,329.6	−0.478%	$590K	$130K	25x	as long as short
Bitget XAUUSDT	+0.0248%	4h	4,332.4	−0.415%	$68.1M	$118.9M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0326%	8h	4,332.7	−0.407%	$170.5M	$297.2M	100x	as long as short
Phemex XAUUSDT	+0.0370%	4h	4,334.2	−0.373%	$2.2M	$962K	100x	as long as short
BloFin XAU-USDT	+0.0381%	4h	4,332.4	−0.415%	$16.0M	$4.5M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0461% / S −0.0304%	1h	4,332.9	−0.402%	$253K	—	111x	as long as short