XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0062%/8h= +6.7% APRnext payment +$0.08 per $10,000 · paid last 24h +0.018%

Price spread now: Phoenix against Injective−0.902%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 Phoenix

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. Phoenix is 0.902% cheaper against Injective than usual: you would sell low and buy high (spread −0.902% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$90 on $10k: about 49 days of funding at the current rate (+$2 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	16m 37s	$619	$54	52x
Short	Phoenix GOLD	4,311.2	0.0095	get 0.0012% / 1h	16m 37s	$42K	$86K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now −0.902%Rate

Funding earned: $12.92
Price spread: −0.902% → 0.000%: −$90.15
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$84.26
Costs to cover: 0.070%
Break-even: 52.7 days

Slippage unknown: Injective: no order-book sample; Phoenix: 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 Phoenix no order-book sample	—	—	—	—	—

Injective and Phoenix: 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	4,325.6	−0.571%	$92K	$6.6M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,319.6	−0.709%	$274K	—	250x	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	4,352.6	+0.050%	—	$1.0M	25x	as long as short
QFEX GOLD-USD	+0.0046%	1h	4,318.9	−0.725%	$6.6M	$3.1M	20x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,320.7	−0.683%	$291.8M	$54.6M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0050%	1h	4,321.4	−0.667%	$4.3M	$1.8M	20x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,320.3	−0.692%	$15.0M	$56.5M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0056%	1h	4,316.7	−0.775%	$2.0M	$5.2M	25x	as long as short
Paradex XAU-USD-PERP	+0.0061%	8h	4,323.8	−0.612%	$2K	$13K	5x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster XAUUSD1	+0.0070%	4h	4,325.8	−0.566%	$74.0M	$271.6M	20x	as long as short
StandX XAU-USD	+0.0078%	1h	4,316.1	−0.789%	$3.8M	$4.5M	40x	as long as short
Lighter XAU	+0.0080%	1h	4,324	−0.607%	$20.3M	$29.8M	25x	as long as short
Extended XAU-USD	+0.0088%	1h	4,320.9	−0.680%	$13.0M	$35.9M	25x	as long as short
Phoenix GOLDshort	+0.0095%	1h	4,311.2	−0.902%	$42K	$86K	25x
Lighter RH XAU	+0.0096%	1h	4,326.2	−0.556%	$19.9M	$40.7M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,320.9	−0.679%	$1.4M	$1.3M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,308.7	−0.960%	$277K	$223K	50x	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,320.4	−0.690%	$160K	$87	10x	as long as short
Kalshi KXGOLDPERP	+0.0115%	24h	4,323.8	−0.612%	$3.6M	$47.5M	15x	as long as short
Variational Omni XAU	+0.0115%	4h	4,311.4	−0.896%	$46.9M	$29.9M	—	as long as short
RISEx XAU/USDC	+0.0126%	1h	4,321.9	−0.657%	$4.5M	$13.5M	25x	as long as short
Hotstuff GOLD-PERP	+0.0128%	1h	4,318.1	−0.743%	$32K	—	25x	as long as short
MEXC XAU_USDT	+0.0128%	4h	4,324.6	−0.593%	$350.5M	$351.6M	1000x	as long as short
Binance XAUUSDT	+0.0128%	4h	4,324.3	−0.601%	$438.6M	$2.29B	100x	as long as short
edgeX XAUUSDC	+0.0143%	4h	4,310.3	−0.922%	$30.1M	$62.9M	50x	as long as short
Bybit XAUUSDT	+0.0144%	4h	4,326.2	−0.557%	$81.1M	$162.7M	150x	as long as short
Gate XAU_USDT	+0.0168%	4h	4,326.4	−0.552%	$301.2M	$438.3M	100x	as long as short
Phemex XAUUSDT	+0.0184%	4h	4,322.8	−0.636%	$2.2M	$961K	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0190%	1h	4,319.8	−0.704%	$133K	$811K	25x	as long as short
Bullet GOLD-USD	+0.0195%	1h	4,321	−0.676%	$59K	$77K	10x	as long as short
Bitget XAUUSDT	+0.0202%	4h	4,325.2	−0.579%	$70.4M	$128.6M	100x	as long as short
GRVT XAU_USDT_Perp	+0.0240%	4h	4,315.1	−0.813%	$1.4M	$3.1M	25x	as long as short
OKX XAU-USDT-SWAP	+0.0249%	8h	4,325.4	−0.575%	$171.4M	$344.9M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0327%	1h	4,319.4	−0.714%	$576K	$145K	25x	as long as short
BloFin XAU-USDT	+0.0369%	4h	4,320	−0.699%	$16.2M	$5.3M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0467% / S −0.0314%	1h	4,322.3	−0.646%	$256K	—	111x	as long as short
HTX XAU-USDT	+0.1165%	4h	4,327.8	−0.520%	$3.2M	$6.9M	75x	as long as short
Bluefin GOLD-PERP	+0.2141%	1h	4,316.8	−0.772%	$25K	$1K	20x	as long as short