XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0153%/8h= −16.7% APRnext payment −$0.19 per $10,000 · paid last 24h −0.071%

Price spread now: QFEX against Kraken Futures+0.062%7-day average +0.053% · 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−$320.317% of the position

Long on Kraken Futures Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.176%−$18 on $10k

Price spread, last 4 days (all we have)−0.079%−$8 · spread now +0.062%, 7d avg +0.053%

Together, before fees−0.255%−$25 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.053%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_XAUUSD	4,344	0.0194	pay 0.0024% / 1h	13m 57s	$592K	$132K	25x
Short	QFEX GOLD-USD	4,346.7	0.0041	get 0.0005% / 1h	13m 57s	$5.7M	$2.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Kraken Futures. 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 Kraken FuturesbpFee QFEXbpOrdersPrice spread, now +0.062%Rate

Funding earned: −$32.03
Price spread: +0.062% → +0.053%: $0.84
Slippage, 4 orders: −$11.7
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$62.9
Costs to cover: 0.317%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 44 min ago; QFEX: live order book, 5 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 Kraken Futures live order book, 44 min ago	2.97 bp	8.2 bp −$8	14.0 bp −$140	doesn't fit	doesn't fit
Sell QFEX live order book, 5 min ago	2.64 bp	7.6 bp −$8	7.6 bp −$76	9.5 bp −$951	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
RISEx XAU/USDC	0.0000%	1h	4,347.3	+0.076%	$3.4M	$12.2M	25x	as long as short
Gate XAU_USDT	0.0000%	4h	4,347.9	+0.088%	$265.3M	$416.8M	100x	as long as short
SunX XAU-USDT	0.0000%	4h	4,351.5	+0.172%	$92K	$8.9M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,342.7	−0.029%	$272K	—	250x	as long as short
Lighter XAU	+0.0032%	1h	4,345.4	+0.031%	$20.8M	$38.2M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,342.4	−0.037%	$13.2M	$38.3M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.147%	$619	$54	52x	as long as short
Lighter RH XAU	+0.0040%	1h	4,347.6	+0.082%	$20.1M	$39.3M	25x	as long as short
StandX XAU-USD	+0.0040%	1h	4,350.7	+0.154%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USDshort	+0.0041%	1h	4,346.7	+0.062%	$5.7M	$2.0M	20x

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest GC-PERP	+0.0046%	1h	4,380	+0.828%	—	$1.0M	25x	as long as short
Hotstuff GOLD-PERP	+0.0048%	1h	4,343.7	−0.007%	$33K	—	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0048%	1h	4,343	−0.023%	$2.0M	$4.8M	25x	as long as short
Kalshi KXGOLDPERP	+0.0048%	24h	4,345.5	+0.034%	$4.2M	$37.4M	15x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,343.9	−0.003%	$293.8M	$49.0M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,343.6	−0.011%	$15.1M	$56.9M	25x	as long as short
Aster XAUUSD1	+0.0059%	4h	4,347.7	+0.084%	$71.2M	$333.3M	20x	as long as short
Variational Omni XAU	+0.0075%	4h	4,349.4	+0.125%	$48.4M	$28.0M	—	as long as short
Paradex XAU-USD-PERP	+0.0080%	8h	4,347.4	+0.079%	$19K	$5K	5x	as long as short
MEXC XAU_USDT	+0.0088%	4h	4,346.6	+0.059%	$371.9M	$319.3M	1000x	as long as short
GRVT XAU_USDT_Perp	+0.0088%	4h	4,350.2	+0.142%	$1.4M	$2.9M	25x	as long as short
Binance XAUUSDT	+0.0089%	4h	4,346.5	+0.057%	$413.4M	$2.10B	100x	as long as short
Pacifica XAU	+0.0100%	1h	4,343.3	−0.017%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,348.6	+0.106%	$275K	$203K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,340.4	−0.082%	$25K	$14K	20x	as long as short
edgeX XAUUSDC	+0.0103%	4h	4,345.6	+0.037%	$30.2M	$58.2M	50x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,345.7	+0.039%	$161K	$87	10x	as long as short
Phoenix GOLD	+0.0142%	1h	4,349	+0.115%	$47K	$77K	25x	as long as short
Polymarket Perps GOLD-USD	+0.0159%	1h	4,347.3	+0.076%	$4.3M	$2.0M	20x	as long as short
Bullet GOLD-USD	+0.0185%	1h	4,347.2	+0.073%	$59K	$82K	10x	as long as short
Kraken Futures PF_XAUUSDlong	+0.0194%	1h	4,344	long leg	$592K	$132K	25x
Bitget XAUUSDT	+0.0230%	4h	4,346.9	+0.065%	$70.0M	$109.4M	100x	as long as short
Phemex XAUUSDT	+0.0231%	4h	4,349.9	+0.135%	$2.2M	$967K	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0234%	1h	4,344.6	+0.013%	$206K	$824K	25x	as long as short
Bybit XAUUSDT	+0.0240%	4h	4,347.6	+0.083%	$85.1M	$145.5M	150x	as long as short
OKX XAU-USDT-SWAP	+0.0296%	8h	4,348	+0.092%	$165.3M	$282.1M	100x	as long as short
BloFin XAU-USDT	+0.0329%	4h	4,345.8	+0.042%	$15.6M	$4.5M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0418% / S −0.0238%	1h	4,347	+0.069%	$248K	—	111x	as long as short
HTX XAU-USDT	+0.0619%	4h	4,350.6	+0.152%	$2.8M	$4.6M	75x	as long as short