XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0261%/8h= +28.6% APRnext payment +$0.33 per $10,000 · paid last 24h +0.061%

Price spread now: Deribit against QFEX−0.011%7-day average −0.099% · 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−$14as in the Price arb table

costs, in and out, $10k−$230.225% of the position

Long on QFEX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.759%+$76 on $10k

Price spread, last 4 days (all we have)−0.024%−$2 · spread now −0.011%, 7d avg −0.099%

Together, before fees+0.735%+$74 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Deribit is 0.087% dearer against QFEX than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.099%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX GOLD-USD	4,348.7	0.0041	pay 0.0005% / 1h	16m 47s	$5.7M	$2.0M	20x
Short	Deribit GOLD_USDC-PERPETUAL	4,348.2	0.0302	get 0.0038% / 1h	16m 47s	$206K	$824K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.011%Rate

Funding earned: $54.81
Price spread: −0.011% → −0.099%: $8.71
Slippage, 4 orders: −$5.52
Fee QFEX: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $41
Costs to cover: 0.225%
Break-even: 1.8 days

Slippage from QFEX: live order book, 7 min ago; Deribit: live order book, 42 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, 7 min ago	2.64 bp	7.6 bp −$8	7.6 bp −$76	9.6 bp −$959	doesn't fit
Sell Deribit live order book, 42 min ago	0.12 bp	3.6 bp −$4	6.2 bp −$62	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
RISEx XAU/USDC	0.0000%	1h	4,349.2	+0.010%	$3.4M	$12.2M	25x	as long as short
Gate XAU_USDT	0.0000%	4h	4,351.2	+0.058%	$265.2M	$416.2M	100x	as long as short
SunX XAU-USDT	0.0000%	4h	4,353.8	+0.118%	$93K	$8.9M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,345.4	−0.075%	$272K	—	250x	as long as short
Hotstuff GOLD-PERP	+0.0008%	1h	4,346.5	−0.051%	$33K	—	25x	as long as short
Lighter XAU	+0.0032%	1h	4,348.4	−0.008%	$20.8M	$38.2M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,346.1	−0.059%	$13.2M	$38.3M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.040%	$619	$54	52x	as long as short
Lighter RH XAU	+0.0040%	1h	4,351.1	+0.056%	$20.1M	$39.3M	25x	as long as short
StandX XAU-USD	+0.0040%	1h	4,349.9	+0.028%	$3.8M	$4.5M	40x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX GOLD-USDlong	+0.0041%	1h	4,348.7	long leg	$5.7M	$2.0M	20x
Vest GC-PERP	+0.0046%	1h	4,382.5	+0.777%	—	$1.0M	25x	as long as short
Kalshi KXGOLDPERP	+0.0048%	24h	4,348	−0.016%	$4.2M	$37.3M	15x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0048%	1h	4,346.5	−0.051%	$2.0M	$4.8M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,347.5	−0.028%	$293.9M	$48.8M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,345.7	−0.069%	$15.1M	$56.8M	25x	as long as short
Aster XAUUSD1	+0.0060%	4h	4,350.8	+0.049%	$71.2M	$333.1M	20x	as long as short
Variational Omni XAU	+0.0077%	4h	4,349.2	+0.012%	$48.5M	$28.0M	—	as long as short
Paradex XAU-USD-PERP	+0.0080%	8h	4,349	+0.008%	$19K	$5K	5x	as long as short
GRVT XAU_USDT_Perp	+0.0088%	4h	4,351.1	+0.056%	$1.4M	$2.9M	25x	as long as short
Binance XAUUSDT	+0.0089%	4h	4,350.2	+0.034%	$413.7M	$2.09B	100x	as long as short
MEXC XAU_USDT	+0.0090%	4h	4,350.4	+0.038%	$372.1M	$318.7M	1000x	as long as short
Pacifica XAU	+0.0100%	1h	4,346	−0.062%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,348.9	+0.004%	$275K	$203K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,344.3	−0.100%	$25K	$14K	20x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,348.8	+0.002%	$161K	$87	10x	as long as short
edgeX XAUUSDC	+0.0105%	4h	4,346.9	−0.041%	$30.3M	$58.2M	50x	as long as short
Phoenix GOLD	+0.0142%	1h	4,349	+0.007%	$47K	$77K	25x	as long as short
Polymarket Perps GOLD-USD	+0.0157%	1h	4,349.2	+0.011%	$4.3M	$2.0M	20x	as long as short
Bullet GOLD-USD	+0.0186%	1h	4,349.5	+0.018%	$59K	$82K	10x	as long as short
Kraken Futures PF_XAUUSD	+0.0194%	1h	4,346.6	−0.047%	$593K	$132K	25x	as long as short
Phemex XAUUSDT	+0.0218%	4h	4,352.5	+0.087%	$2.2M	$967K	100x	as long as short
Bitget XAUUSDT	+0.0232%	4h	4,350.3	+0.036%	$70.1M	$109.3M	100x	as long as short
Bybit XAUUSDT	+0.0240%	4h	4,351.5	+0.064%	$85.3M	$145.1M	150x	as long as short
OKX XAU-USDT-SWAP	+0.0294%	8h	4,351.4	+0.062%	$165.5M	$282.5M	100x	as long as short
Deribit GOLD_USDC-PERPETUALshort	+0.0302%	1h	4,348.2	−0.011%	$206K	$824K	25x
BloFin XAU-USDT	+0.0329%	4h	4,349.5	+0.018%	$15.6M	$4.5M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0417% / S −0.0237%	1h	4,349.6	+0.020%	$248K	—	111x	as long as short
HTX XAU-USDT	+0.0624%	4h	4,354.6	+0.135%	$2.9M	$4.3M	75x	as long as short