XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0013%/8h= +1.4% APRnext payment +$0.02 per $10,000 · paid last 24h +0.001%

Price spread now: QFEX against Injective−1.095%7-day average — · you buy dearer than you sell

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

Long on Injective 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

Funding pays, the price is against you. QFEX is 1.095% cheaper against Injective than usual: you would sell low and buy high (spread −1.095% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$109 on $10k: about 10 months of funding at the current rate ($0 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective XAU/USDC PERP	4,350.4	0.0033	pay 0.0004% / 1h	29m 58s	$619	$54	52x
Short	QFEX GOLD-USD	4,302.8	0.0046	get 0.0006% / 1h	29m 58s	$6.6M	$3.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Injective. 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 InjectivebpFee QFEXbpOrdersPrice spread, now −1.095%Rate

Funding earned: $2.64
Price spread: −1.095% → 0.000%: −$109.46
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$116.84
Costs to cover: 0.100%
Break-even: 316.4 days

Slippage unknown: Injective: no order-book sample; QFEX: live order book, 4 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 Injective no order-book sample	—	—	—	—	—
Sell QFEX live order book, 4 min ago	1.86 bp	6.9 bp −$7	6.9 bp −$69	9.4 bp −$936	doesn't fit

Injective: 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
Hotstuff GOLD-PERP	−0.0040%	1h	4,300.7	−1.143%	$32K	—	25x	as long as short
SunX XAU-USDT	0.0000%	4h	4,306.8	−1.004%	$92K	$6.8M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,300.2	−1.156%	$273K	—	250x	as long as short
Injective XAU/USDC PERPlong	+0.0033%	1h	4,350.4	long leg	$619	$54	52x
StandX XAU-USD	+0.0040%	1h	4,308.6	−0.961%	$3.8M	$4.5M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,335.6	−0.341%	—	$1.0M	25x	as long as short
QFEX GOLD-USDshort	+0.0046%	1h	4,302.8	−1.095%	$6.6M	$3.1M	20x
tradeXYZ xyz:GOLD	+0.0050%	1h	4,301.1	−1.134%	$290.7M	$54.1M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0050%	1h	4,299.7	−1.166%	$4.3M	$1.8M	20x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,299.8	−1.164%	$15.0M	$55.8M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster XAUUSD1	+0.0055%	4h	4,306.3	−1.014%	$73.4M	$271.6M	20x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0056%	1h	4,298.6	−1.191%	$2.0M	$5.1M	25x	as long as short
Paradex XAU-USD-PERP	+0.0061%	8h	4,302.9	−1.093%	$2K	$13K	5x	as long as short
Extended XAU-USD	+0.0072%	1h	4,298.7	−1.188%	$13.0M	$36.3M	25x	as long as short
GRVT XAU_USDT_Perp	+0.0074%	4h	4,307.8	−0.980%	$1.4M	$3.0M	25x	as long as short
Lighter XAU	+0.0080%	1h	4,302.3	−1.106%	$20.2M	$29.1M	25x	as long as short
Bybit XAUUSDT	+0.0087%	4h	4,306.2	−1.016%	$77.5M	$158.0M	150x	as long as short
Variational Omni XAU	+0.0092%	4h	4,306.3	−1.014%	$46.7M	$29.2M	—	as long as short
Phoenix GOLD	+0.0095%	1h	4,306.2	−1.016%	$42K	$86K	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,300.7	−1.142%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,303.1	−1.088%	$275K	$218K	50x	as long as short
Lighter RH XAU	+0.0104%	1h	4,305	−1.044%	$19.8M	$40.0M	25x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,302	−1.112%	$159K	$87	10x	as long as short
MEXC XAU_USDT	+0.0106%	4h	4,303.7	−1.073%	$353.0M	$339.0M	1000x	as long as short
Binance XAUUSDT	+0.0108%	4h	4,304.8	−1.048%	$435.8M	$2.23B	100x	as long as short
Kalshi KXGOLDPERP	+0.0111%	24h	4,305	−1.044%	$3.7M	$46.6M	15x	as long as short
edgeX XAUUSDC	+0.0121%	4h	4,304.2	−1.061%	$30.0M	$61.9M	50x	as long as short
RISEx XAU/USDC	+0.0126%	1h	4,303.6	−1.077%	$4.4M	$13.1M	25x	as long as short
Gate XAU_USDT	+0.0142%	4h	4,306.4	−1.012%	$297.1M	$429.1M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0169%	1h	4,301.7	−1.120%	$134K	$849K	25x	as long as short
Bitget XAUUSDT	+0.0194%	4h	4,305.6	−1.031%	$70.4M	$125.6M	100x	as long as short
Bullet GOLD-USD	+0.0198%	1h	4,303.1	−1.088%	$58K	$81K	10x	as long as short
OKX XAU-USDT-SWAP	+0.0250%	8h	4,306.1	−1.019%	$171.0M	$331.2M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0329%	1h	4,300.3	−1.153%	$572K	$139K	25x	as long as short
BloFin XAU-USDT	+0.0388%	4h	4,307.2	−0.993%	$16.2M	$5.0M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0467% / S −0.0314%	1h	4,304.2	−1.062%	$255K	—	111x	as long as short
Phemex XAUUSDT	+0.0583%	4h	4,308	−0.975%	$2.2M	$956K	100x	as long as short
HTX XAU-USDT	+0.1148%	4h	4,310.6	−0.915%	$3.2M	$6.3M	75x	as long as short
Bluefin GOLD-PERP	+0.3495%	1h	4,300.2	−1.153%	$25K	$1K	20x	as long as short