Settings8H · net · $10k
Funding arb · Price arb /

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0167%/8h= +18.3% APRnext payment +$0.21 per $10,000 · paid last 24h +0.031%
Price spread now: Bullet against QFEX+0.015%50s7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds 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: +$5 a day on $10k at the current rate. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongQFEX GOLD-USD4,362.70.0045pay 0.0006% / 1h3m 32s$5.6M$1.9M20x
ShortBullet GOLD-USD4,363.40.0213get 0.0027% / 1h3m 32s$59K$82K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bullet against QFEX. 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

Funding earned
$35.13
Price spread: +0.015% → 0.000%
$1.51
Slippage, 4 orders
no order book: not counted
Fee QFEX: 5 bp × 2 orders
−$10
Fee Bullet: 4 bp × 2 orders
−$8
Net
$18.63
Costs to cover
0.180%
Break-even
3.3 days
Slippage unknown: QFEX: live order book, 5 min ago; Bullet: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy QFEX live order book, 5 min ago3.10 bp8.1 bp −$88.1 bp −$8110.3 bp −$1,031doesn't fit
Sell Bullet no order-book sample
Bullet: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster XAUUSD10.0000%4h4,363.9+0.027%$70.3M$222.1M20xas long as short
Gate XAU_USDT0.0000%4h4,363.7+0.024%$265.0M$422.9M100xas long as short
Kalshi KXGOLDPERP0.0000%24h4,360.2−0.057%$4.0M$36.7M15xas long as short
SunX XAU-USDT0.0000%4h4,367.6+0.112%$93K$10.1M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,359−0.085%$269K250xas long as short
Variational Omni XAU+0.0029%4h4,362.2−0.012%$48.4M$28.5Mas long as short
Extended XAU-USD+0.0032%1h4,358.9−0.087%$13.5M$43.5M25xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4−0.281%$619$5452xas long as short
StandX XAU-USD+0.0040%1h4,363.5+0.018%$3.8M$4.7M40xas long as short
QFEX GOLD-USDlong+0.0045%1h4,362.7long leg$5.6M$1.9M20x
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Vest GC-PERP+0.0046%1h4,396.2+0.768%$1.0M25xas long as short
RISEx XAU/USDC+0.0048%1h4,363+0.007%$3.4M$12.3M25xas long as short
MEXC XAU_USDT+0.0048%4h4,363.3+0.014%$372.9M$331.3M1000xas long as short
tradeXYZ xyz:GOLD+0.0050%1h4,359.3−0.078%$294.0M$51.6M25xas long as short
Ondo Perps XAU-USD.P+0.0050%1h4,358.9−0.088%$14.8M$57.3M25xas long as short
Binance XAUUSDT+0.0052%4h4,363.2+0.012%$411.7M$2.15B100xas long as short
Phoenix GOLD+0.0055%1h4,359.6−0.071%$48K$64K25xas long as short
edgeX XAUUSDC+0.0062%4h4,356−0.154%$30.3M$60.4M50xas long as short
Lighter XAU+0.0072%1h4,361.9−0.019%$20.6M$44.5M25xas long as short
Paradex XAU-USD-PERP+0.0086%8h4,362.70.000%$19K$5K5xas long as short
Hotstuff GOLD-PERP+0.0088%1h4,359.4−0.076%$33K25xas long as short
Lighter RH XAU+0.0096%1h4,364.3+0.036%$20.2M$41.4M25xas long as short
Aevo XAU-PERP+0.0096%1h4,362.2−0.012%$162K$8710xas long as short
Coinbase International GOLD-PERP-INTX+0.0096%1h4,359.8−0.066%$2.0M$5.1M25xas long as short
Pacifica XAU+0.0100%1h4,359.6−0.071%$1.4M$1.2M10xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,359.4−0.076%$275K$204K50xas long as short
Bluefin GOLD-PERP+0.0100%1h4,355−0.177%$26K$22K20xas long as short
Bitget XAUUSDT+0.0102%4h4,363.2+0.011%$69.0M$112.1M100xas long as short
Polymarket Perps GOLD-USD+0.0118%1h4,362.2−0.011%$4.3M$1.8M20xas long as short
GRVT XAU_USDT_Perp+0.0142%4h4,362.6−0.002%$1.4M$3.1M25xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0163%1h4,360.8−0.044%$235K$658K25xas long as short
BloFin XAU-USDT+0.0193%4h4,362.7+0.001%$15.4M$4.6M100xas long as short
Bybit XAUUSDT+0.0197%4h4,363.8+0.024%$83.9M$144.7M150xas long as short
Bullet GOLD-USDshort+0.0213%1h4,363.4+0.015%$59K$82K10x
OKX XAU-USDT-SWAP+0.0214%8h4,364.1+0.032%$164.3M$288.4M100xas long as short
Kraken Futures PF_XAUUSD+0.0225%1h4,360.3−0.055%$595K$141K25xas long as short
Phemex XAUUSDT+0.0287%4h4,363.8+0.025%$2.2M$1.1M100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0393% / S −0.0199%1h4,363.4+0.015%$254K111xas long as short
HTX XAU-USDT+0.0554%4h4,366.8+0.093%$2.9M$3.9M75xas long as short