XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0040%/8h= +4.4% APRnext payment +$0.05 per $10,000 · paid last 24h +0.012%

Price spread now: QFEX against gTrade (Gains Network)+0.052%7-day average +0.079% · 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−$285as in the Price arb table

costs, in and out, $10k−$2832.828% of the position

Long on gTrade (Gains Network)Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.018%+$2 on $10k

Price spread, last 4 days (all we have)−0.047%−$5 · spread now +0.052%, 7d avg +0.079%

Together, before fees−0.029%−$3 on $10k · with fees, hour by hour

Funding pays, the price is against you. QFEX is 0.027% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread +0.052% now, against its 7-day average of +0.079%). If the spread goes back, that is −$3 on $10k: about 2.2 days of funding at the current rate (+$1 a day). At the pace of the last 3 days (+0.018% in total) that is about 5.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) XAU/USD	4,319.8	L +0.0002% / S −0.0003%	pay 0.0000% / 1h	18m 12s	$270K	—	250x
Short	QFEX GOLD-USD	4,322	0.0042	get 0.0005% / 1h	18m 12s	$5.4M	$2.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee QFEXbpOrdersPrice spread, now +0.052%Rate

Funding earned: $8.39
Price spread: +0.052% → +0.079%: −$2.7
Slippage, 4 orders: −$265.8
Fee gTrade (Gains Network): 3.5 bp × 2 orders: −$7
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$277.1
Costs to cover: 2.828%
Break-even: 238.1 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 56 min ago; QFEX: live order book, 6 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 gTrade (Gains Network) virtual book (oracle venue), 56 min ago	130.01 bp	133.5 bp −$134	196.7 bp −$1,967	1352.9 bp −$135.3K	5907.8 bp −$2.95M
Sell QFEX live order book, 6 min ago	2.89 bp	7.9 bp −$8	7.9 bp −$79	10.4 bp −$1,039	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
Bluefin GOLD-PERP	−0.0062%	1h	4,316.5	−0.076%	$25K	$1K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,327.1	+0.170%	$92K	$7.6M	20x	as long as short
gTrade (Gains Network) XAU/USDlong	L +0.0002% / S −0.0003%	1h	4,319.8	long leg	$270K	—	250x
Hotstuff GOLD-PERP	+0.0016%	1h	4,319.3	−0.011%	$32K	—	25x	as long as short
Bybit XAUUSDT	+0.0020%	4h	4,324.6	+0.111%	$77.3M	$154.4M	150x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.710%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,323.4	+0.084%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USDshort	+0.0042%	1h	4,322	+0.052%	$5.4M	$2.0M	20x
Vest GC-PERP	+0.0046%	1h	4,355.1	+0.818%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,319.6	−0.004%	$291.5M	$51.3M	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	4,318.6	−0.026%	$15.0M	$55.5M	25x	as long as short
Aster XAUUSD1	+0.0066%	4h	4,325.2	+0.125%	$72.5M	$274.5M	20x	as long as short
Lighter XAU	+0.0072%	1h	4,322.6	+0.066%	$20.3M	$30.7M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,319.1	−0.015%	$2.1M	$4.9M	25x	as long as short
Paradex XAU-USD-PERP	+0.0078%	8h	4,322	+0.053%	$2K	$14K	5x	as long as short
Kalshi KXGOLDPERP	+0.0079%	24h	4,324	+0.098%	$3.8M	$43.9M	15x	as long as short
GRVT XAU_USDT_Perp	+0.0086%	4h	4,323.2	+0.080%	$1.4M	$3.0M	25x	as long as short
Variational Omni XAU	+0.0093%	4h	4,322.6	+0.066%	$47.3M	$28.8M	—	as long as short
MEXC XAU_USDT	+0.0098%	4h	4,323.9	+0.095%	$367.9M	$332.1M	1000x	as long as short
Phoenix GOLD	+0.0100%	1h	4,319.2	−0.013%	$47K	$79K	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,319.4	−0.008%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,319.8	0.000%	$272K	$208K	50x	as long as short
Binance XAUUSDT	+0.0100%	4h	4,323.7	+0.090%	$423.2M	$2.13B	100x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,322.5	+0.064%	$160K	$87	10x	as long as short
edgeX XAUUSDC	+0.0116%	4h	4,318.4	−0.032%	$30.0M	$59.7M	50x	as long as short
Gate XAU_USDT	+0.0118%	4h	4,325.1	+0.124%	$282.4M	$421.3M	100x	as long as short
Lighter RH XAU	+0.0120%	1h	4,324.9	+0.119%	$19.9M	$39.1M	25x	as long as short
Extended XAU-USD	+0.0120%	1h	4,319.2	−0.012%	$12.9M	$37.0M	25x	as long as short
Kraken Futures PF_XAUUSD	+0.0153%	1h	4,320.6	+0.020%	$577K	$146K	25x	as long as short
RISEx XAU/USDC	+0.0184%	1h	4,325.2	+0.125%	$4.1M	$12.8M	25x	as long as short
Bullet GOLD-USD	+0.0184%	1h	4,323.4	+0.084%	$59K	$82K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0214%	1h	4,323.2	+0.080%	$4.3M	$1.9M	20x	as long as short
Bitget XAUUSDT	+0.0222%	4h	4,323.3	+0.081%	$67.6M	$118.3M	100x	as long as short
HTX XAU-USDT	+0.0268%	4h	4,327.7	+0.183%	$3.0M	$5.4M	75x	as long as short
OKX XAU-USDT-SWAP	+0.0302%	8h	4,324.5	+0.110%	$172.6M	$299.5M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0306%	1h	4,322.3	+0.059%	$191K	$837K	25x	as long as short
Phemex XAUUSDT	+0.0327%	4h	4,325.6	+0.135%	$2.2M	$967K	100x	as long as short
BloFin XAU-USDT	+0.0339%	4h	4,322.9	+0.072%	$16.2M	$4.6M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0461% / S −0.0307%	1h	4,323.6	+0.090%	$252K	—	111x	as long as short