Funding you earn now, next payment 05:00 UTC−0.0083%/8h= −9.1% APRnext payment −$0.10 per $10,000 · paid last 24h −0.021%
Price spread now: QFEX against Phoenix0.000%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix GOLD | 4,333.4 | 0.0127 | pay 0.0016% / 1h | 30m 45s | $47K | $77K | 25x |
| Short | QFEX GOLD-USD | 4,333.4 | 0.0044 | get 0.0005% / 1h | 30m 45s | $5.4M | $2.1M | 20x |
Phoenix GOLD
QFEX GOLD-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against Phoenix. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$17.48
- Price spread: 0.000% → 0.000%
- $0
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$34.48
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; QFEX: live order book, 8 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 Phoenix no order-book sample | — | — | — | — | — |
| Sell QFEX live order book, 8 min ago | 2.42 bp | 7.4 bp −$7 | 7.4 bp −$74 | 10.7 bp −$1,066 | doesn't fit |
Phoenix: 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 | 4,337.8 | +0.102% | $92K | $8.4M | 20x | as long as short |
| gTrade (Gains Network) XAU/USD | L +0.0002% / S −0.0003% | 1h | 4,330.3 | −0.071% | $271K | — | 250x | as long as short |
| Bluefin GOLD-PERP | +0.0015% | 1h | 4,327.8 | −0.129% | $25K | $14K | 20x | as long as short |
| Extended XAU-USD | +0.0032% | 1h | 4,332.4 | −0.023% | $13.2M | $37.2M | 25x | as long as short |
| Injective XAU/USDC PERP | +0.0033% | 1h | 4,350.4 | +0.393% | $619 | $54 | 52x | as long as short |
| StandX XAU-USD | +0.0040% | 1h | 4,331.6 | −0.042% | $3.8M | $4.5M | 40x | as long as short |
| QFEX GOLD-USDshort | +0.0044% | 1h | 4,333.4 | 0.000% | $5.4M | $2.1M | 20x | |
| Vest GC-PERP | +0.0046% | 1h | 4,366.9 | +0.773% | — | $1.0M | 25x | as long as short |
| Lighter XAU | +0.0048% | 1h | 4,336 | +0.060% | $20.7M | $30.9M | 25x | as long as short |
| tradeXYZ xyz:GOLD | +0.0050% | 1h | 4,332.8 | −0.014% | $292.5M | $50.4M | 25x | as long as short |
SunX XAU-USDT
gTrade (Gains Network) XAU/USD
Bluefin GOLD-PERP
Extended XAU-USD
Injective XAU/USDC PERP
StandX XAU-USD
Vest GC-PERP
Lighter XAU
tradeXYZ xyz:GOLDShow 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 | 4,331 | −0.055% | $15.0M | $56.6M | 25x | as long as short |
| RISEx XAU/USDC | +0.0054% | 1h | 4,334.6 | +0.027% | $3.7M | $12.3M | 25x | as long as short |
| Kalshi KXGOLDPERP | +0.0057% | 24h | 4,335 | +0.037% | $4.1M | $40.3M | 15x | as long as short |
| Gate XAU_USDT | +0.0062% | 4h | 4,338.5 | +0.119% | $273.6M | $403.8M | 100x | as long as short |
| Bybit XAUUSDT | +0.0067% | 4h | 4,336.7 | +0.075% | $79.1M | $154.4M | 150x | as long as short |
| Coinbase International GOLD-PERP-INTX | +0.0072% | 1h | 4,332.1 | −0.030% | $2.1M | $4.7M | 25x | as long as short |
| Paradex XAU-USD-PERP | +0.0072% | 8h | 4,334.5 | +0.026% | $19K | $5K | 5x | as long as short |
| Lighter RH XAU | +0.0088% | 1h | 4,338 | +0.106% | $20.0M | $38.6M | 25x | as long as short |
| Hotstuff GOLD-PERP | +0.0096% | 1h | 4,325.6 | −0.180% | $32K | — | 25x | as long as short |
| Pacifica XAU | +0.0100% | 1h | 4,331.1 | −0.053% | $1.4M | $1.2M | 10x | as long as short |
| ApeX Omni XAUUSDT | +0.0100% | 1h | 4,328.3 | −0.119% | $275K | $204K | 50x | as long as short |
| Variational Omni XAU | +0.0111% | 4h | 4,333.1 | −0.006% | $48.3M | $27.5M | — | as long as short |
| Aster XAUUSD1 | +0.0112% | 4h | 4,338.2 | +0.111% | $71.6M | $331.6M | 20x | as long as short |
| Aevo XAU-PERP | +0.0112% | 1h | 4,335.7 | +0.053% | $161K | $87 | 10x | as long as short |
| MEXC XAU_USDT | +0.0120% | 4h | 4,336.7 | +0.075% | $365.7M | $322.1M | 1000x | as long as short |
| Binance XAUUSDT | +0.0121% | 4h | 4,336.9 | +0.081% | $417.7M | $2.13B | 100x | as long as short |
| Phoenix GOLDlong | +0.0127% | 1h | 4,333.4 | long leg | $47K | $77K | 25x | |
| GRVT XAU_USDT_Perp | +0.0132% | 4h | 4,332.3 | −0.024% | $1.4M | $2.9M | 25x | as long as short |
| edgeX XAUUSDC | +0.0138% | 4h | 4,329.7 | −0.084% | $30.1M | $58.7M | 50x | as long as short |
| Bullet GOLD-USD | +0.0162% | 1h | 4,334.1 | +0.017% | $59K | $82K | 10x | as long as short |
| Polymarket Perps GOLD-USD | +0.0171% | 1h | 4,334 | +0.014% | $4.2M | $2.0M | 20x | as long as short |
| Deribit GOLD_USDC-PERPETUAL | +0.0212% | 1h | 4,332.7 | −0.016% | $202K | $820K | 25x | as long as short |
| Kraken Futures PF_XAUUSD | +0.0247% | 1h | 4,331.2 | −0.052% | $590K | $130K | 25x | as long as short |
| HTX XAU-USDT | +0.0261% | 4h | 4,337.5 | +0.093% | $2.8M | $4.8M | 75x | as long as short |
| Bitget XAUUSDT | +0.0284% | 4h | 4,335.8 | +0.055% | $72.7M | $111.8M | 100x | as long as short |
| OKX XAU-USDT-SWAP | +0.0338% | 8h | 4,336.8 | +0.078% | $169.9M | $291.3M | 100x | as long as short |
| Phemex XAUUSDT | +0.0362% | 4h | 4,336.9 | +0.080% | $2.2M | $960K | 100x | as long as short |
| BloFin XAU-USDT | +0.0379% | 4h | 4,334.4 | +0.022% | $15.9M | $4.4M | 100x | as long as short |
| GMX GOLD/USD [ETH-USDC] | L +0.0451% / S −0.0286% | 1h | 4,333.8 | +0.010% | $250K | — | 111x | as long as short |
Ondo Perps XAU-USD.P
RISEx XAU/USDC
Kalshi KXGOLDPERP
Gate XAU_USDT
Bybit XAUUSDT
Coinbase International GOLD-PERP-INTX
Paradex XAU-USD-PERP
Lighter RH XAU
Hotstuff GOLD-PERP
Pacifica XAU
ApeX Omni XAUUSDT
Variational Omni XAU
Aster XAUUSD1
Aevo XAU-PERP
MEXC XAU_USDT
Binance XAUUSDT
GRVT XAU_USDT_Perp
edgeX XAUUSDC
Bullet GOLD-USD
Polymarket Perps GOLD-USD
Deribit GOLD_USDC-PERPETUAL
Kraken Futures PF_XAUUSD
HTX XAU-USDT
Bitget XAUUSDT
OKX XAU-USDT-SWAP
Phemex XAUUSDT
BloFin XAU-USDT
GMX GOLD/USD [ETH-USDC]