Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0016%/8h= +1.7% APRpaid last 24h −0.063%

Price spread now: QFEX against Bitget−0.028%7-day average −0.049% · 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−$26as in the Price arb table

costs, in and out, $10k−$280.279% of the position

Long on Bitget Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.104%−$10 on $10k

Price spread, last 7 days+0.014%+$1 · spread now −0.028%, 7d avg −0.049%

Together, before fees−0.090%−$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and QFEX is 0.021% dearer against Bitget than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.049%. Mind the row above: over the last 3 days funding on this pair cost −0.104%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget XAUUSDT	4,342.7	0.0036	pay 0.0018% / 4h	2h 14m	$67.1M	$113.7M	100x
Short	QFEX GOLD-USD	4,341.5	0.0052	get 0.0006% / 1h	14m 16s	$5.5M	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Bitget. 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 BitgetbpFee QFEXbpOrdersPrice spread, now −0.028%Rate

Funding earned: $3.33
Price spread: −0.028% → −0.049%: $2.06
Slippage, 4 orders: −$5.95
Fee Bitget: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$22.57
Costs to cover: 0.279%
Break-even: 54.5 days

Slippage from Bitget: live order book, 5 min ago; QFEX: live order book, 9 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 Bitget live order book, 5 min ago	0.01 bp	6.2 bp −$6	8.2 bp −$82	12.6 bp −$1,260	doesn't fit
Sell QFEX live order book, 9 min ago	2.53 bp	7.5 bp −$8	7.5 bp −$75	9.6 bp −$960	doesn't fit

XAU on 38 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
Bluefin GOLD-PERP	−0.0346%	1h	4,334.2	−0.197%	$26K	$21K	20x	as long as short
Aster XAUUSD1	0.0000%	4h	4,345.5	+0.064%	$70.8M	$240.7M	20x	as long as short
Bybit XAUUSDT	0.0000%	4h	4,342.5	−0.006%	$82.4M	$143.9M	150x	as long as short
Gate XAU_USDT	0.0000%	4h	4,342.2	−0.012%	$273.8M	$412.4M	100x	as long as short
GRVT XAU_USDT_Perp	0.0000%	4h	4,344.7	+0.046%	$1.4M	$3.3M	25x	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,330.9	−0.272%	$3.9M	$34.0M	15x	as long as short
Bullet GOLD-USD	0.0000%	1h	4,341	−0.039%	$58K	$83K	10x	as long as short
SunX XAU-USDT	0.0000%	4h	4,345.4	+0.061%	$92K	$10.9M	20x	as long as short
Lighter XAU	+0.0032%	1h	4,341.6	−0.025%	$20.5M	$46.6M	25x	as long as short
Lighter RH XAU	+0.0032%	1h	4,342.9	+0.004%	$20.1M	$44.9M	25x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended XAU-USD	+0.0032%	1h	4,344.2	+0.035%	$13.1M	$50.9M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.177%	$619	$54	52x	as long as short
Bitget XAUUSDTlong	+0.0036%	4h	4,342.7	long leg	$67.1M	$113.7M	100x
StandX XAU-USD	+0.0040%	1h	4,343.7	+0.023%	$3.8M	$4.7M	40x	as long as short
Variational Omni XAU	+0.0046%	4h	4,343.7	+0.022%	$47.8M	$34.0M	—	as long as short
Vest GC-PERP	+0.0046%	1h	4,382.6	+0.918%	—	$995K	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,339.3	−0.079%	$293.2M	$52.5M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0050%	1h	4,340.4	−0.053%	$4.3M	$2.2M	20x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,336.1	−0.152%	$14.8M	$53.4M	25x	as long as short
Paradex XAU-USD-PERP	+0.0051%	8h	4,339.5	−0.073%	$19K	$6K	5x	as long as short
Binance XAUUSDT	+0.0051%	4h	4,342.3	−0.011%	$415.6M	$2.11B	100x	as long as short
QFEX GOLD-USDshort	+0.0052%	1h	4,341.5	−0.028%	$5.5M	$1.9M	20x
MEXC XAU_USDT	+0.0060%	4h	4,340.2	−0.058%	$369.6M	$347.4M	1000x	as long as short
HTX XAU-USDT	+0.0064%	4h	4,345	+0.053%	$2.8M	$3.8M	75x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,332.5	−0.235%	$2.0M	$5.2M	25x	as long as short
edgeX XAUUSDC	+0.0088%	4h	4,340.8	−0.045%	$30.2M	$57.6M	50x	as long as short
Aevo XAU-PERP	+0.0096%	1h	4,342.1	−0.014%	$161K	$87	10x	as long as short
Pacifica XAU	+0.0100%	1h	4,339.8	−0.067%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,342.7	0.000%	$273K	$203K	50x	as long as short
Phoenix GOLD	+0.0109%	1h	4,344.9	+0.050%	$47K	$69K	25x	as long as short
RISEx XAU/USDC	+0.0190%	1h	4,339.9	−0.064%	$3.4M	$12.6M	25x	as long as short
Hotstuff GOLD-PERP	+0.0192%	1h	4,339.8	−0.067%	$33K	—	25x	as long as short
OKX XAU-USDT-SWAP	+0.0215%	8h	4,343.3	+0.013%	$157.9M	$273.9M	100x	as long as short
BloFin XAU-USDT	+0.0245%	4h	4,332.6	−0.232%	$14.7M	$4.3M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0333%	1h	4,338.4	−0.100%	$586K	$123K	25x	as long as short
Phemex XAUUSDT	+0.0438%	4h	4,345.8	+0.072%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0495% / S −0.0311%	1h	4,341	−0.039%	$250K	—	29x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0788%	1h	4,339.2	−0.081%	$221K	$893K	25x	as long as short