XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0009%/8h= −1.0% APRnext payment −$0.01 per $10,000 · paid last 24h −0.002%

Price spread now: QFEX against Ondo Perps+0.045%7-day average +0.090% · you sell dearer than you buy

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

Long on Ondo Perps Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.032%−$3 on $10k

Price spread, last 7 days+0.074%+$7 · spread now +0.045%, 7d avg +0.090%

Together, before fees+0.042%+ Points / potential airdropOndo Perps: Active · farm board+$4 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: QFEX is 0.045% cheaper against Ondo Perps than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.090%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps XAU-USD.P	4,338.8	0.0050	pay 0.0006% / 1h	48m 04s	$15.1M	$56.8M	25x
Short	QFEX GOLD-USD	4,340.7	0.0042	get 0.0005% / 1h	48m 04s	$5.7M	$2.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Ondo Perps. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Ondo PerpsbpFee QFEXbpOrdersPrice spread, now +0.045%Rate

Funding earned: −$1.85
Price spread: +0.045% → +0.090%: −$4.52
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$21.36
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; QFEX: live order book, 6 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell QFEX live order book, 6 min ago	1.96 bp	7.0 bp −$7	7.0 bp −$70	8.7 bp −$868	doesn't fit

Ondo Perps: 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
SunX XAU-USDT	0.0000%	4h	4,346.6	+0.182%	$92K	$8.7M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,338.8	+0.002%	$271K	—	250x	as long as short
RISEx XAU/USDC	+0.0005%	1h	4,341.4	+0.060%	$3.5M	$12.2M	25x	as long as short
Bluefin GOLD-PERP	+0.0012%	1h	4,335.8	−0.069%	$25K	$14K	20x	as long as short
Lighter RH XAU	+0.0032%	1h	4,343.9	+0.118%	$20.0M	$39.2M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,339.2	+0.011%	$13.3M	$37.9M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.269%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,341.7	+0.068%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USDshort	+0.0042%	1h	4,340.7	+0.045%	$5.7M	$2.0M	20x
Vest GC-PERP	+0.0046%	1h	4,374.6	+0.826%	—	$1.0M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:GOLD	+0.0050%	1h	4,340.4	+0.038%	$293.5M	$49.0M	25x	as long as short
Ondo Perps XAU-USD.Plong	+0.0050%	1h	4,338.8	long leg	$15.1M	$56.8M	25x
Kalshi KXGOLDPERP	+0.0051%	24h	4,338.8	+0.001%	$4.3M	$37.5M	15x	as long as short
Bybit XAUUSDT	+0.0055%	4h	4,344.1	+0.124%	$80.5M	$150.6M	150x	as long as short
Lighter XAU	+0.0056%	1h	4,342	+0.074%	$20.8M	$34.5M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0056%	1h	4,340.1	+0.031%	$2.1M	$4.8M	25x	as long as short
Gate XAU_USDT	+0.0060%	4h	4,345	+0.144%	$267.7M	$411.6M	100x	as long as short
Hotstuff GOLD-PERP	+0.0064%	1h	4,338.2	−0.013%	$33K	—	25x	as long as short
Aster XAUUSD1	+0.0073%	4h	4,344.2	+0.125%	$71.5M	$332.5M	20x	as long as short
Paradex XAU-USD-PERP	+0.0081%	8h	4,342.1	+0.077%	$19K	$5K	5x	as long as short
Variational Omni XAU	+0.0082%	4h	4,340.8	+0.048%	$48.4M	$27.6M	—	as long as short
MEXC XAU_USDT	+0.0096%	4h	4,343.4	+0.107%	$372.6M	$317.4M	1000x	as long as short
Binance XAUUSDT	+0.0099%	4h	4,343.6	+0.112%	$415.1M	$2.09B	100x	as long as short
Pacifica XAU	+0.0100%	1h	4,338.5	−0.006%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,339.2	+0.009%	$274K	$203K	50x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,341.7	+0.068%	$161K	$87	10x	as long as short
edgeX XAUUSDC	+0.0112%	4h	4,336.5	−0.052%	$30.2M	$58.2M	50x	as long as short
Phoenix GOLD	+0.0136%	1h	4,338.3	−0.010%	$47K	$77K	25x	as long as short
GRVT XAU_USDT_Perp	+0.0144%	4h	4,341	+0.051%	$1.4M	$2.9M	25x	as long as short
Phemex XAUUSDT	+0.0196%	4h	4,343.9	+0.120%	$2.2M	$967K	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0211%	1h	4,341.1	+0.054%	$205K	$826K	25x	as long as short
Bullet GOLD-USD	+0.0212%	1h	4,343	+0.098%	$59K	$82K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0216%	1h	4,342.5	+0.086%	$4.3M	$2.0M	20x	as long as short
Bitget XAUUSDT	+0.0242%	4h	4,344	+0.121%	$71.1M	$109.4M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0259%	1h	4,339.7	+0.023%	$592K	$132K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0315%	8h	4,344.8	+0.139%	$166.3M	$281.6M	100x	as long as short
BloFin XAU-USDT	+0.0349%	4h	4,341.7	+0.069%	$15.6M	$4.4M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0426% / S −0.0251%	1h	4,343.1	+0.100%	$250K	—	111x	as long as short
HTX XAU-USDT	+0.0527%	4h	4,346	+0.166%	$2.8M	$4.6M	75x	as long as short