XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0434%/8h= −47.5% APRnext payment −$0.54 per $10,000 · paid last 24h −0.247%

Price spread now: QFEX against Bluefin+0.135%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Bluefin Short on QFEX

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

The price spread pays, funding is against you. QFEX is 0.135% dearer against Bluefin than usual: you sell high and buy low (spread +0.135% now, against zero (this spread has no 7-day history yet)): +$13 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 25 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bluefin GOLD-PERP	4,342.6	0.0475	pay 0.0059% / 1h	38m 06s	$25K	$14K	20x
Short	QFEX GOLD-USD	4,348.4	0.0041	get 0.0005% / 1h	38m 06s	$5.7M	$2.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Bluefin. 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 BluefinbpFee QFEXbpOrdersPrice spread, now +0.135%Rate

Funding earned: −$91.09
Price spread: +0.135% → 0.000%: $13.47
Slippage, 4 orders: no order book: not counted
Fee Bluefin: 3.5 bp × 2 orders: −$7
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$94.62
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Bluefin: no order-book sample; QFEX: live order book, 11 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 Bluefin no order-book sample	—	—	—	—	—
Sell QFEX live order book, 11 min ago	2.53 bp	7.5 bp −$8	7.5 bp −$75	10.2 bp −$1,020	doesn't fit

Bluefin: 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
RISEx XAU/USDC	0.0000%	1h	4,348.8	+0.144%	$3.4M	$12.3M	25x	as long as short
SunX XAU-USDT	0.0000%	4h	4,353.4	+0.251%	$93K	$9.0M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,345.5	+0.068%	$271K	—	250x	as long as short
Gate XAU_USDT	+0.0012%	4h	4,350.2	+0.175%	$267.9M	$411.1M	100x	as long as short
Lighter XAU	+0.0032%	1h	4,348	+0.124%	$20.8M	$37.8M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,345.5	+0.067%	$13.3M	$38.5M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.181%	$619	$54	52x	as long as short
Lighter RH XAU	+0.0040%	1h	4,350.1	+0.174%	$20.1M	$39.2M	25x	as long as short
StandX XAU-USD	+0.0040%	1h	4,349.3	+0.155%	$3.8M	$4.6M	40x	as long as short
QFEX GOLD-USDshort	+0.0041%	1h	4,348.4	+0.135%	$5.7M	$2.0M	20x

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kalshi KXGOLDPERP	+0.0044%	24h	4,347.6	+0.116%	$4.1M	$37.1M	15x	as long as short
Vest GC-PERP	+0.0046%	1h	4,382.2	+0.913%	—	$1.1M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0048%	1h	4,345.2	+0.061%	$2.0M	$4.9M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,346.2	+0.084%	$293.9M	$48.7M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,345.5	+0.068%	$15.1M	$56.8M	25x	as long as short
Aster XAUUSD1	+0.0065%	4h	4,349.7	+0.165%	$71.0M	$333.7M	20x	as long as short
Variational Omni XAU	+0.0079%	4h	4,348.9	+0.146%	$48.4M	$27.7M	—	as long as short
GRVT XAU_USDT_Perp	+0.0086%	4h	4,349.1	+0.151%	$1.4M	$3.0M	25x	as long as short
Paradex XAU-USD-PERP	+0.0086%	8h	4,348.8	+0.145%	$19K	$5K	5x	as long as short
MEXC XAU_USDT	+0.0092%	4h	4,349.3	+0.156%	$372.2M	$317.1M	1000x	as long as short
Binance XAUUSDT	+0.0095%	4h	4,349.3	+0.156%	$414.4M	$2.09B	100x	as long as short
Pacifica XAU	+0.0100%	1h	4,345.3	+0.064%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,345.6	+0.070%	$275K	$203K	50x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,348.5	+0.137%	$161K	$87	10x	as long as short
edgeX XAUUSDC	+0.0105%	4h	4,345	+0.057%	$30.2M	$58.2M	50x	as long as short
Phoenix GOLD	+0.0142%	1h	4,346.8	+0.098%	$47K	$77K	25x	as long as short
Hotstuff GOLD-PERP	+0.0144%	1h	4,345.7	+0.073%	$33K	—	25x	as long as short
Polymarket Perps GOLD-USD	+0.0156%	1h	4,348.8	+0.144%	$4.3M	$1.9M	20x	as long as short
Kraken Futures PF_XAUUSD	+0.0194%	1h	4,346.1	+0.081%	$593K	$133K	25x	as long as short
Bullet GOLD-USD	+0.0207%	1h	4,349.4	+0.157%	$59K	$82K	10x	as long as short
Phemex XAUUSDT	+0.0209%	4h	4,352	+0.217%	$2.2M	$967K	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0233%	1h	4,348	+0.126%	$243K	$788K	25x	as long as short
Bitget XAUUSDT	+0.0234%	4h	4,349.6	+0.163%	$70.0M	$109.1M	100x	as long as short
Bybit XAUUSDT	+0.0238%	4h	4,350.6	+0.185%	$85.1M	$144.9M	150x	as long as short
OKX XAU-USDT-SWAP	+0.0283%	8h	4,350.5	+0.183%	$165.6M	$281.8M	100x	as long as short
BloFin XAU-USDT	+0.0343%	4h	4,348.5	+0.137%	$15.6M	$4.5M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0413% / S −0.0229%	1h	4,349.4	+0.157%	$248K	—	111x	as long as short
Bluefin GOLD-PERPlong	+0.0475%	1h	4,342.6	long leg	$25K	$14K	20x
HTX XAU-USDT	+0.0629%	4h	4,353.6	+0.253%	$2.9M	$4.3M	75x	as long as short