XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h −0.037%

Price spread now: QFEX against Polymarket Perps+0.033%7-day average +0.034% · 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−$1,078as in the Price arb table

costs, in and out, $10k−$1,07710.774% of the position

Long on Polymarket Perps Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.068%−$7 on $10k

Price spread, last 7 days0.000%$0 · spread now +0.033%, 7d avg +0.034%

Together, before fees−0.068%−$7 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps GOLD-USD	4,298.9	0.0050	pay 0.0006% / 1h	24m 02s	$4.3M	$1.8M	20x
Short	QFEX GOLD-USD	4,300.3	0.0046	get 0.0006% / 1h	24m 02s	$6.6M	$3.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Polymarket Perps. 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 Polymarket PerpsbpFee QFEXbpOrdersPrice spread, now +0.033%Rate

Funding earned: −$0.86
Price spread: +0.033% → +0.034%: −$0.17
Slippage, 4 orders: −$1,059.39
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$1,078.41
Costs to cover: 10.774%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 5 min ago; QFEX: live order book, 10 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 Polymarket Perps live order book, 5 min ago	166.20 bp	230.6 bp −$231	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 10 min ago	1.86 bp	6.9 bp −$7	6.9 bp −$69	9.4 bp −$936	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
Hotstuff GOLD-PERP	0.0000%	1h	4,297.7	−0.028%	$32K	—	25x	as long as short
SunX XAU-USDT	0.0000%	4h	4,306.6	+0.178%	$92K	$6.7M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,294.2	−0.109%	$272K	—	250x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+1.198%	$619	$54	52x	as long as short
Vest GC-PERP	+0.0046%	1h	4,333.6	+0.807%	—	$1.0M	25x	as long as short
QFEX GOLD-USDshort	+0.0046%	1h	4,300.3	+0.033%	$6.6M	$3.1M	20x
StandX XAU-USD	+0.0049%	1h	4,300	+0.026%	$3.8M	$4.5M	40x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,298.7	−0.005%	$290.5M	$54.3M	25x	as long as short
Polymarket Perps GOLD-USDlong	+0.0050%	1h	4,298.9	long leg	$4.3M	$1.8M	20x
Ondo Perps XAU-USD.P	+0.0050%	1h	4,297.4	−0.034%	$15.0M	$55.9M	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	+0.0054%	4h	4,303.3	+0.102%	$73.4M	$271.5M	20x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0056%	1h	4,298.9	0.000%	$2.0M	$5.1M	25x	as long as short
Paradex XAU-USD-PERP	+0.0061%	8h	4,300.3	+0.032%	$2K	$13K	5x	as long as short
Bybit XAUUSDT	+0.0079%	4h	4,303.2	+0.100%	$77.6M	$159.7M	150x	as long as short
Lighter XAU	+0.0080%	1h	4,301.8	+0.067%	$20.2M	$29.5M	25x	as long as short
Phoenix GOLD	+0.0095%	1h	4,298.2	−0.016%	$42K	$86K	25x	as long as short
Variational Omni XAU	+0.0095%	4h	4,295.8	−0.072%	$46.6M	$29.4M	—	as long as short
Extended XAU-USD	+0.0096%	1h	4,298.8	−0.002%	$13.0M	$36.1M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,297.5	−0.033%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,297.8	−0.026%	$273K	$219K	50x	as long as short
Lighter RH XAU	+0.0104%	1h	4,304.2	+0.124%	$19.7M	$40.5M	25x	as long as short
MEXC XAU_USDT	+0.0108%	4h	4,302.2	+0.076%	$360.1M	$345.8M	1000x	as long as short
Binance XAUUSDT	+0.0110%	4h	4,303.1	+0.097%	$435.1M	$2.26B	100x	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,301.1	+0.051%	$159K	$87	10x	as long as short
Kalshi KXGOLDPERP	+0.0113%	24h	4,303.6	+0.109%	$3.6M	$47.1M	15x	as long as short
edgeX XAUUSDC	+0.0116%	4h	4,297	−0.044%	$29.9M	$61.9M	50x	as long as short
RISEx XAU/USDC	+0.0126%	1h	4,300.8	+0.044%	$4.4M	$13.1M	25x	as long as short
GRVT XAU_USDT_Perp	+0.0138%	4h	4,302.6	+0.085%	$1.4M	$3.1M	25x	as long as short
Gate XAU_USDT	+0.0166%	4h	4,304.4	+0.129%	$301.5M	$434.6M	100x	as long as short
Bitget XAUUSDT	+0.0196%	4h	4,302.4	+0.080%	$70.0M	$127.2M	100x	as long as short
Bullet GOLD-USD	+0.0197%	1h	4,302.8	+0.090%	$58K	$81K	10x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0215%	1h	4,301.7	+0.065%	$133K	$852K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0248%	8h	4,302.9	+0.093%	$169.6M	$339.2M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0329%	1h	4,300.3	+0.033%	$572K	$139K	25x	as long as short
BloFin XAU-USDT	+0.0401%	4h	4,298	−0.021%	$16.3M	$5.0M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0464% / S −0.0312%	1h	4,302.9	+0.093%	$253K	—	111x	as long as short
Phemex XAUUSDT	+0.0794%	4h	4,304.7	+0.136%	$2.2M	$974K	100x	as long as short
HTX XAU-USDT	+0.1132%	4h	4,306	+0.166%	$3.2M	$6.8M	75x	as long as short
Bluefin GOLD-PERP	+0.2774%	1h	4,296.2	−0.063%	$25K	$1K	20x	as long as short