XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0010%/8h= +1.1% APRnext payment +$0.01 per $10,000 · paid last 24h +0.012%

Price spread now: Coinbase International against QFEX−0.114%7-day average −0.084% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$270.272% of the position

Long on QFEX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.470%+$47 on $10k

Price spread, last 4 days (all we have)+0.178%+$18 · spread now −0.114%, 7d avg −0.084%

Together, before fees+0.648%+$65 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.030% cheaper against QFEX than usual: you would sell low and buy high (spread −0.114% now, against its 7-day average of −0.084%). If the spread goes back, that is −$3 on $10k: about 9.8 days of funding at the current rate ($0 a day). At the pace of the last 4 days (+0.470% in total) that is about 6 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX GOLD-USD	4,297.3	0.0046	pay 0.0006% / 1h	25m 13s	$6.6M	$3.1M	20x
Short	Coinbase International GOLD-PERP-INTX	4,292.4	0.0056	get 0.0007% / 1h	25m 13s	$2.0M	$5.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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

Position, each leg$Hold fordaysFee QFEXbpFee Coinbase InternationalbpOrdersPrice spread, now −0.114%Rate

Funding earned: $2.12
Price spread: −0.114% → −0.084%: −$2.98
Slippage, 4 orders: −$7.15
Fee QFEX: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$28.01
Costs to cover: 0.272%
Break-even: 99.6 days

Slippage from QFEX: live order book, 9 min ago; Coinbase International: live order book, 4 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 QFEX live order book, 9 min ago	1.86 bp	6.9 bp −$7	6.9 bp −$69	9.2 bp −$924	doesn't fit
Sell Coinbase International live order book, 4 min ago	0.12 bp	8.3 bp −$8	10.2 bp −$102	doesn't fit	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	4,294.9	−0.056%	$32K	—	25x	as long as short
SunX XAU-USDT	0.0000%	4h	4,301.8	+0.106%	$91K	$6.7M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,294.2	−0.072%	$272K	—	250x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+1.236%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,299.8	+0.058%	$3.8M	$4.5M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,330.1	+0.763%	—	$1.0M	25x	as long as short
QFEX GOLD-USDlong	+0.0046%	1h	4,297.3	long leg	$6.6M	$3.1M	20x
tradeXYZ xyz:GOLD	+0.0050%	1h	4,294.3	−0.070%	$290.2M	$54.9M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0050%	1h	4,294.5	−0.065%	$4.3M	$1.8M	20x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,294.9	−0.057%	$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	4,299	+0.039%	$73.3M	$271.6M	20x	as long as short
Coinbase International GOLD-PERP-INTXshort	+0.0056%	1h	4,292.4	−0.114%	$2.0M	$5.1M	25x
Paradex XAU-USD-PERP	+0.0061%	8h	4,296.7	−0.013%	$2K	$13K	5x	as long as short
Bybit XAUUSDT	+0.0077%	4h	4,299.2	+0.045%	$77.4M	$159.6M	150x	as long as short
Lighter XAU	+0.0080%	1h	4,297.5	+0.005%	$20.2M	$29.5M	25x	as long as short
Phoenix GOLD	+0.0095%	1h	4,298.2	+0.021%	$42K	$86K	25x	as long as short
Variational Omni XAU	+0.0095%	4h	4,295.8	−0.035%	$46.6M	$29.4M	—	as long as short
Extended XAU-USD	+0.0096%	1h	4,294.3	−0.071%	$13.0M	$36.2M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,293.8	−0.082%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,297.8	+0.012%	$273K	$219K	50x	as long as short
MEXC XAU_USDT	+0.0108%	4h	4,298.1	+0.019%	$359.7M	$345.6M	1000x	as long as short
Binance XAUUSDT	+0.0109%	4h	4,298.1	+0.019%	$434.6M	$2.25B	100x	as long as short
Lighter RH XAU	+0.0112%	1h	4,299.9	+0.061%	$19.7M	$40.4M	25x	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,297.3	0.000%	$159K	$87	10x	as long as short
Kalshi KXGOLDPERP	+0.0113%	24h	4,299.7	+0.056%	$3.6M	$47.1M	15x	as long as short
edgeX XAUUSDC	+0.0116%	4h	4,297	−0.007%	$29.9M	$61.9M	50x	as long as short
RISEx XAU/USDC	+0.0126%	1h	4,297.6	+0.008%	$4.4M	$13.1M	25x	as long as short
GRVT XAU_USDT_Perp	+0.0138%	4h	4,302.6	+0.122%	$1.4M	$3.1M	25x	as long as short
Gate XAU_USDT	+0.0164%	4h	4,300.8	+0.082%	$300.3M	$434.1M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0169%	1h	4,297.1	−0.005%	$133K	$852K	25x	as long as short
Bitget XAUUSDT	+0.0196%	4h	4,298.3	+0.024%	$70.0M	$127.1M	100x	as long as short
Bullet GOLD-USD	+0.0198%	1h	4,298	+0.016%	$58K	$81K	10x	as long as short
OKX XAU-USDT-SWAP	+0.0248%	8h	4,298.8	+0.035%	$169.4M	$338.9M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0329%	1h	4,295.3	−0.047%	$572K	$139K	25x	as long as short
BloFin XAU-USDT	+0.0401%	4h	4,298	+0.016%	$16.3M	$5.0M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0464% / S −0.0312%	1h	4,297.7	+0.009%	$253K	—	111x	as long as short
Phemex XAUUSDT	+0.0926%	4h	4,303	+0.133%	$2.2M	$974K	100x	as long as short
HTX XAU-USDT	+0.1120%	4h	4,304.2	+0.160%	$3.2M	$6.8M	75x	as long as short
Bluefin GOLD-PERP	+0.2889%	1h	4,292.1	−0.121%	$25K	$1K	20x	as long as short