XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0068%/8h= −7.5% APRnext payment −$0.09 per $10,000 · paid last 24h −0.021%

Price spread now: QFEX against Aevo−0.018%46s7-day average +0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$460.462% of the position

Long on Aevo Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.088%−$9 on $10k

Price spread, last 4 days (all we have)−0.030%−$3 · spread now −0.018%, 7d avg +0.002%

Together, before fees−0.117%−$12 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and QFEX is 0.020% cheaper against Aevo than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.002%). Swap the legs. The two prices were read 46 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	Aevo XAU-PERP	4,335.7	0.0112	pay 0.0014% / 1h	30m 27s	$161K	$87	10x
Short	QFEX GOLD-USD	4,334.9	0.0044	get 0.0005% / 1h	30m 27s	$5.4M	$2.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Aevo. 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 AevobpFee QFEXbpOrdersPrice spread, now −0.018%Rate

Funding earned: −$14.31
Price spread: −0.018% → +0.002%: −$2
Slippage, 4 orders: −$20.2
Fee Aevo: 8 bp × 2 orders: −$16
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$62.52
Costs to cover: 0.462%
Break-even: never at this rate

Slippage from Aevo: live order book, 18 min ago; QFEX: live order book, 8 min ago.

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 Aevo live order book, 18 min ago	5.21 bp	14.9 bp −$15	29.2 bp −$292	doesn't fit	doesn't fit
Sell QFEX live order book, 8 min ago	2.42 bp	7.4 bp −$7	7.4 bp −$74	10.7 bp −$1,066	doesn't fit

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	4,337.8	+0.049%	$92K	$8.4M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,332.1	−0.084%	$271K	—	250x	as long as short
Bluefin GOLD-PERP	+0.0015%	1h	4,327.8	−0.182%	$25K	$14K	20x	as long as short
Extended XAU-USD	+0.0032%	1h	4,332.9	−0.064%	$13.2M	$37.2M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.340%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,335.5	−0.004%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USDshort	+0.0044%	1h	4,334.9	−0.018%	$5.4M	$2.1M	20x
Vest GC-PERP	+0.0046%	1h	4,368.5	+0.757%	—	$1.0M	25x	as long as short
Lighter XAU	+0.0048%	1h	4,336	+0.007%	$20.7M	$30.9M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,332.1	−0.083%	$292.5M	$50.4M	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	4,333.4	−0.052%	$15.0M	$56.7M	25x	as long as short
RISEx XAU/USDC	+0.0054%	1h	4,336.7	+0.024%	$3.7M	$12.3M	25x	as long as short
Kalshi KXGOLDPERP	+0.0057%	24h	4,335	−0.016%	$4.1M	$40.3M	15x	as long as short
Gate XAU_USDT	+0.0064%	4h	4,337.7	+0.046%	$273.5M	$404.5M	100x	as long as short
Bybit XAUUSDT	+0.0065%	4h	4,336.8	+0.025%	$79.1M	$154.4M	150x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,332.1	−0.083%	$2.1M	$4.7M	25x	as long as short
Paradex XAU-USD-PERP	+0.0072%	8h	4,336.7	+0.023%	$19K	$5K	5x	as long as short
Lighter RH XAU	+0.0088%	1h	4,338	+0.053%	$20.0M	$38.6M	25x	as long as short
Hotstuff GOLD-PERP	+0.0096%	1h	4,325.6	−0.233%	$32K	—	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,332.8	−0.066%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,328.3	−0.171%	$275K	$204K	50x	as long as short
Aster XAUUSD1	+0.0111%	4h	4,337.2	+0.034%	$71.6M	$331.6M	20x	as long as short
Variational Omni XAU	+0.0111%	4h	4,333.1	−0.059%	$48.3M	$27.5M	—	as long as short
Aevo XAU-PERPlong	+0.0112%	1h	4,335.7	long leg	$161K	$87	10x
MEXC XAU_USDT	+0.0120%	4h	4,336	+0.008%	$365.4M	$322.1M	1000x	as long as short
Binance XAUUSDT	+0.0121%	4h	4,335.9	+0.005%	$417.6M	$2.14B	100x	as long as short
Phoenix GOLD	+0.0127%	1h	4,333.4	−0.053%	$47K	$77K	25x	as long as short
GRVT XAU_USDT_Perp	+0.0132%	4h	4,332.3	−0.077%	$1.4M	$2.9M	25x	as long as short
edgeX XAUUSDC	+0.0138%	4h	4,329.7	−0.137%	$30.1M	$58.7M	50x	as long as short
Bullet GOLD-USD	+0.0161%	1h	4,335.7	+0.001%	$59K	$82K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0171%	1h	4,336	+0.007%	$4.2M	$2.0M	20x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0212%	1h	4,332.7	−0.069%	$202K	$820K	25x	as long as short
Kraken Futures PF_XAUUSD	+0.0247%	1h	4,331.2	−0.105%	$590K	$130K	25x	as long as short
HTX XAU-USDT	+0.0261%	4h	4,337.5	+0.041%	$2.8M	$4.8M	75x	as long as short
Bitget XAUUSDT	+0.0284%	4h	4,336.5	+0.018%	$72.7M	$111.8M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0338%	8h	4,337.2	+0.035%	$169.8M	$291.1M	100x	as long as short
Phemex XAUUSDT	+0.0362%	4h	4,336.9	+0.027%	$2.2M	$960K	100x	as long as short
BloFin XAU-USDT	+0.0379%	4h	4,334.4	−0.031%	$15.9M	$4.4M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0451% / S −0.0286%	1h	4,336	+0.008%	$250K	—	111x	as long as short