XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0220%/8h= +24.1% APRnext payment +$0.27 per $10,000 · paid last 24h +0.066%

Price spread now: Kraken Futures against Injective−0.417%57s7-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 Kraken Futures

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. Kraken Futures is 0.417% cheaper against Injective than usual: you would sell low and buy high (spread −0.417% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$42 on $10k: about 6.3 days of funding at the current rate (+$7 a day). The two prices were read 57 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	Injective XAU/USDC PERP	4,350.4	0.0033	pay 0.0004% / 1h	43m 28s	$619	$54	52x
Short	Kraken Futures PF_XAUUSD	4,332.3	0.0253	get 0.0032% / 1h	43m 28s	$583K	$169K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.417%Rate

Funding earned: $46.19
Price spread: −0.417% → 0.000%: −$41.7
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$5.52
Costs to cover: 0.100%
Break-even: 7.8 days

Slippage unknown: Injective: no order-book sample; Kraken Futures: live order book, 3 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 Kraken Futures live order book, 3 min ago	2.40 bp	9.3 bp −$9	19.3 bp −$193	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 exchanges

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	−3.2000%	1h	4,318.3	−0.738%	$32K	—	25x	as long as short
Bluefin GOLD-PERP	−0.0008%	1h	4,328.2	−0.510%	$25K	$1K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,338.7	−0.269%	$92K	$5.9M	20x	as long as short
Coinbase International GOLD-PERP-INTX	0.0000%	1h	4,330.5	−0.458%	$2.1M	$5.2M	25x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,331.8	−0.428%	$304K	—	250x	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	4,335.5	−0.343%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0041%	1h	4,333.9	−0.380%	$6.7M	$3.2M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,368.3	+0.411%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,331.5	−0.435%	$292.4M	$51.6M	25x	as long as short

Show all 39 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps XAU-USD.P	+0.0050%	1h	4,330.2	−0.465%	$15.1M	$59.5M	25x	as long as short
Paradex XAU-USD-PERP	+0.0054%	8h	4,334.5	−0.366%	$2K	$13K	5x	as long as short
Aster XAUUSD1	+0.0054%	4h	4,336.2	−0.328%	$72.3M	$276.0M	20x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0073%	1h	4,334.5	−0.366%	$135K	$707K	25x	as long as short
Variational Omni XAU	+0.0074%	4h	4,333.5	−0.388%	$47.3M	$29.2M	—	as long as short
Gate XAU_USDT	+0.0076%	4h	4,336.4	−0.323%	$298.2M	$445.0M	100x	as long as short
Polymarket Perps GOLD-USD	+0.0077%	1h	4,334.6	−0.364%	$4.3M	$1.7M	20x	as long as short
Lighter XAU	+0.0080%	1h	4,334.1	−0.376%	$20.2M	$30.4M	25x	as long as short
Lighter RH XAU	+0.0088%	1h	4,336.3	−0.325%	$19.6M	$40.0M	25x	as long as short
Binance XAUUSDT	+0.0092%	4h	4,334.5	−0.365%	$442.6M	$2.43B	100x	as long as short
MEXC XAU_USDT	+0.0094%	4h	4,334.6	−0.363%	$367.1M	$353.3M	1000x	as long as short
GRVT XAU_USDT_Perp	+0.0094%	4h	4,336.8	−0.313%	$1.4M	$3.1M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,331.2	−0.443%	$1.4M	$1.3M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,334	−0.377%	$284K	$223K	50x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,333.6	−0.386%	$160K	$87	10x	as long as short
edgeX XAUUSDC	+0.0108%	4h	4,330.5	−0.459%	$30.3M	$67.7M	50x	as long as short
Extended XAU-USD	+0.0120%	1h	4,331.1	−0.444%	$12.5M	$34.6M	25x	as long as short
Bybit XAUUSDT	+0.0122%	4h	4,336.4	−0.321%	$82.8M	$172.2M	150x	as long as short
Phoenix GOLD	+0.0127%	1h	4,333.2	−0.396%	$43K	$71K	25x	as long as short
Kalshi KXGOLDPERP	+0.0137%	24h	4,336.4	−0.322%	$3.5M	$51.1M	15x	as long as short
Bullet GOLD-USD	+0.0163%	1h	4,334.6	−0.363%	$59K	$76K	10x	as long as short
RISEx XAU/USDC	+0.0205%	1h	4,334.8	−0.359%	$4.7M	$13.2M	25x	as long as short
Bitget XAUUSDT	+0.0210%	4h	4,335.2	−0.351%	$72.8M	$139.5M	100x	as long as short
Phemex XAUUSDT	+0.0227%	4h	4,338.4	−0.277%	$2.3M	$772K	100x	as long as short
OKX XAU-USDT-SWAP	+0.0237%	8h	4,336	−0.331%	$170.8M	$361.4M	100x	as long as short
Kraken Futures PF_XAUUSDshort	+0.0253%	1h	4,332.3	−0.417%	$583K	$169K	25x
BloFin XAU-USDT	+0.0336%	4h	4,334.8	−0.358%	$16.3M	$5.3M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0460% / S −0.0308%	1h	4,334.8	−0.358%	$253K	—	111x	as long as short
HTX XAU-USDT	+0.1076%	4h	4,341.1	−0.214%	$3.2M	$7.1M	75x	as long as short