XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0020%/8h= −2.2% APRnext payment −$0.03 per $10,000 · paid last 24h −0.024%

Price spread now: QFEX against Coinbase International+0.078%7-day average +0.090% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$300.295% of the position

Long on Coinbase International Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.463%−$46 on $10k

Price spread, last 3 days (all we have)−0.042%−$4 · spread now +0.078%, 7d avg +0.090%

Together, before fees−0.505%−$51 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.090%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International GOLD-PERP-INTX	4,340.6	0.0072	pay 0.0009% / 1h	59m 44s	$2.0M	$5.2M	25x
Short	QFEX GOLD-USD	4,344	0.0052	get 0.0006% / 1h	59m 44s	$5.5M	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Coinbase International. 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 Coinbase InternationalbpFee QFEXbpOrdersPrice spread, now +0.078%Rate

Funding earned: −$4.23
Price spread: +0.078% → +0.090%: −$1.21
Slippage, 4 orders: −$9.54
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$34.98
Costs to cover: 0.295%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 4 min ago; QFEX: live order book, 4 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 Coinbase International live order book, 4 min ago	2.19 bp	7.3 bp −$7	9.0 bp −$90	doesn't fit	doesn't fit
Sell QFEX live order book, 4 min ago	2.53 bp	7.5 bp −$8	7.5 bp −$75	8.8 bp −$877	13.8 bp −$6,911

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	−0.0575%	1h	4,338.1	−0.057%	$26K	$21K	20x	as long as short
Aster XAUUSD1	0.0000%	4h	4,344.2	+0.083%	$71.1M	$240.4M	20x	as long as short
Binance XAUUSDT	0.0000%	4h	4,345	+0.101%	$411.6M	$2.11B	100x	as long as short
Bybit XAUUSDT	0.0000%	4h	4,346	+0.125%	$82.6M	$144.7M	150x	as long as short
Gate XAU_USDT	0.0000%	4h	4,346.6	+0.138%	$273.9M	$413.9M	100x	as long as short
MEXC XAU_USDT	0.0000%	4h	4,344.2	+0.082%	$372.5M	$351.2M	1000x	as long as short
Bitget XAUUSDT	0.0000%	4h	4,345.7	+0.116%	$67.3M	$113.9M	100x	as long as short
Variational Omni XAU	0.0000%	4h	4,344.2	+0.083%	$47.8M	$33.5M	—	as long as short
GRVT XAU_USDT_Perp	0.0000%	4h	4,342	+0.032%	$1.4M	$3.3M	25x	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,343.4	+0.065%	$3.9M	$34.1M	15x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bullet GOLD-USD	0.0000%	1h	4,345.1	+0.104%	$59K	$84K	10x	as long as short
SunX XAU-USDT	0.0000%	4h	4,349.2	+0.199%	$92K	$10.9M	20x	as long as short
HTX XAU-USDT	0.0000%	4h	4,348.7	+0.188%	$2.8M	$3.8M	75x	as long as short
edgeX XAUUSDC	+0.0010%	4h	4,337.8	−0.065%	$30.2M	$58.0M	50x	as long as short
Lighter XAU	+0.0032%	1h	4,343.8	+0.073%	$20.7M	$42.9M	25x	as long as short
Lighter RH XAU	+0.0032%	1h	4,345.1	+0.103%	$20.2M	$40.6M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,343.2	+0.059%	$13.2M	$50.6M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.226%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,343.6	+0.069%	$3.8M	$4.7M	40x	as long as short
tradeXYZ xyz:GOLD	+0.0041%	1h	4,341.5	+0.021%	$292.3M	$53.8M	25x	as long as short
Vest GC-PERP	+0.0046%	1h	4,381.7	+0.947%	—	$995K	25x	as long as short
Polymarket Perps GOLD-USD	+0.0050%	1h	4,342.8	+0.051%	$4.3M	$2.3M	20x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,342.7	+0.049%	$14.3M	$54.8M	25x	as long as short
Paradex XAU-USD-PERP	+0.0050%	8h	4,344.8	+0.097%	$19K	$6K	5x	as long as short
QFEX GOLD-USDshort	+0.0052%	1h	4,344	+0.078%	$5.5M	$1.9M	20x
Coinbase International GOLD-PERP-INTXlong	+0.0072%	1h	4,340.6	long leg	$2.0M	$5.2M	25x
Aevo XAU-PERP	+0.0080%	1h	4,342.8	+0.050%	$161K	$87	10x	as long as short
Pacifica XAU	+0.0100%	1h	4,342.2	+0.038%	$1.4M	$1.3M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,343	+0.055%	$272K	$204K	50x	as long as short
Phoenix GOLD	+0.0109%	1h	4,343.4	+0.065%	$47K	$69K	25x	as long as short
Hotstuff GOLD-PERP	+0.0136%	1h	4,339.7	−0.021%	$33K	—	25x	as long as short
OKX XAU-USDT-SWAP	+0.0174%	8h	4,345.9	+0.122%	$158.1M	$274.9M	100x	as long as short
RISEx XAU/USDC	+0.0190%	1h	4,344.5	+0.089%	$3.4M	$12.6M	25x	as long as short
BloFin XAU-USDT	+0.0240%	4h	4,344.4	+0.087%	$14.8M	$4.3M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0333%	1h	4,341.9	+0.029%	$599K	$160K	25x	as long as short
Phemex XAUUSDT	+0.0386%	4h	4,345.4	+0.110%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0450% / S −0.0246%	1h	4,345.2	+0.106%	$251K	—	29x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0695%	1h	4,344.2	+0.083%	$221K	$878K	25x	as long as short