Funding you earn now, next payment 01:00 UTC−0.0042%/8h= −4.6% APRnext payment −$0.05 per $10,000 · paid last 24h −0.013%
Price spread now: gTrade (Gains Network) against QFEX−0.105%7-day average −0.077% · 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−$286as in the Price arb table
costs, in and out, $10k−$2832.832% of the position
Funding, last 3 days (all we have)−0.015%−$1 on $10k
+Price spread, last 3 days (all we have)+0.100%+$10 · spread now −0.105%, 7d avg −0.077%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and gTrade (Gains Network) is 0.028% cheaper against QFEX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.077%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX GOLD-USD | 4,362.7 | 0.0045 | pay 0.0006% / 1h | 2m 43s | $5.6M | $1.9M | 20x |
| Short | gTrade (Gains Network) XAU/USD | 4,358.1 | L +0.0002% / S −0.0003% | get 0.0000% / 1h | 2m 43s | $269K | — | 250x |
QFEX GOLD-USD
gTrade (Gains Network) XAU/USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
gTrade (Gains Network) against QFEX. 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
- −$8.88
- Price spread: −0.105% → −0.077%
- −$2.81
- Slippage, 4 orders
- −$266.22
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee gTrade (Gains Network): 3.5 bp × 2 orders
- −$7
- Net
- −$294.9
- Costs to cover
- 2.832%
- Break-even
- never at this rate
Slippage from QFEX: live order book, 6 min ago; gTrade (Gains Network): virtual book (oracle venue), 36 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, 6 min ago | 3.10 bp | 8.1 bp −$8 | 8.1 bp −$81 | 10.3 bp −$1,031 | doesn't fit |
| Sell gTrade (Gains Network) virtual book (oracle venue), 36 min ago | 130.01 bp | 133.5 bp −$134 | 243.0 bp −$2,430 | 1975.4 bp −$197.5K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster XAUUSD1 | 0.0000% | 4h | 4,364.2 | +0.035% | $69.9M | $226.1M | 20x | as long as short |
| Gate XAU_USDT | 0.0000% | 4h | 4,364.1 | +0.033% | $265.0M | $422.9M | 100x | as long as short |
| Kalshi KXGOLDPERP | 0.0000% | 24h | 4,359.9 | −0.064% | $4.0M | $36.7M | 15x | as long as short |
| SunX XAU-USDT | 0.0000% | 4h | 4,367.2 | +0.104% | $93K | $10.1M | 20x | as long as short |
| gTrade (Gains Network) XAU/USDshort | L +0.0002% / S −0.0003% | 1h | 4,358.1 | −0.105% | $269K | — | 250x | |
| Variational Omni XAU | +0.0029% | 4h | 4,362.2 | −0.012% | $48.4M | $28.5M | — | as long as short |
| Extended XAU-USD | +0.0032% | 1h | 4,359.3 | −0.079% | $13.5M | $43.5M | 25x | as long as short |
| Injective XAU/USDC PERP | +0.0033% | 1h | 4,350.4 | −0.281% | $619 | $54 | 52x | as long as short |
| StandX XAU-USD | +0.0040% | 1h | 4,363.5 | +0.018% | $3.8M | $4.7M | 40x | as long as short |
| QFEX GOLD-USDlong | +0.0045% | 1h | 4,362.7 | long leg | $5.6M | $1.9M | 20x |
Aster XAUUSD1
Gate XAU_USDT
Kalshi KXGOLDPERP
SunX XAU-USDT
Variational Omni XAU
Extended XAU-USD
Injective XAU/USDC PERP
StandX XAU-USDShow all 39 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest GC-PERP | +0.0046% | 1h | 4,396.2 | +0.768% | — | $1.0M | 25x | as long as short |
| RISEx XAU/USDC | +0.0048% | 1h | 4,363.4 | +0.016% | $3.4M | $12.3M | 25x | as long as short |
| tradeXYZ xyz:GOLD | +0.0050% | 1h | 4,359.4 | −0.076% | $294.2M | $51.7M | 25x | as long as short |
| MEXC XAU_USDT | +0.0050% | 4h | 4,363.3 | +0.014% | $373.2M | $331.4M | 1000x | as long as short |
| Ondo Perps XAU-USD.P | +0.0050% | 1h | 4,359.2 | −0.080% | $14.8M | $57.2M | 25x | as long as short |
| Phoenix GOLD | +0.0055% | 1h | 4,359.6 | −0.071% | $48K | $64K | 25x | as long as short |
| Binance XAUUSDT | +0.0055% | 4h | 4,363.6 | +0.020% | $411.7M | $2.15B | 100x | as long as short |
| edgeX XAUUSDC | +0.0062% | 4h | 4,356 | −0.154% | $30.3M | $60.4M | 50x | as long as short |
| Lighter XAU | +0.0072% | 1h | 4,362.2 | −0.012% | $20.6M | $44.5M | 25x | as long as short |
| Paradex XAU-USD-PERP | +0.0087% | 8h | 4,363.2 | +0.010% | $19K | $5K | 5x | as long as short |
| Hotstuff GOLD-PERP | +0.0088% | 1h | 4,359.4 | −0.076% | $33K | — | 25x | as long as short |
| Lighter RH XAU | +0.0088% | 1h | 4,364.4 | +0.038% | $20.2M | $41.5M | 25x | as long as short |
| Aevo XAU-PERP | +0.0096% | 1h | 4,361.7 | −0.023% | $162K | $87 | 10x | as long as short |
| Coinbase International GOLD-PERP-INTX | +0.0096% | 1h | 4,359.8 | −0.066% | $2.0M | $5.1M | 25x | as long as short |
| Pacifica XAU | +0.0100% | 1h | 4,359.6 | −0.071% | $1.4M | $1.2M | 10x | as long as short |
| ApeX Omni XAUUSDT | +0.0100% | 1h | 4,359.4 | −0.076% | $275K | $204K | 50x | as long as short |
| Bluefin GOLD-PERP | +0.0100% | 1h | 4,355 | −0.177% | $26K | $22K | 20x | as long as short |
| Bitget XAUUSDT | +0.0104% | 4h | 4,364 | +0.030% | $69.0M | $112.1M | 100x | as long as short |
| Polymarket Perps GOLD-USD | +0.0118% | 1h | 4,361.6 | −0.025% | $4.3M | $1.8M | 20x | as long as short |
| GRVT XAU_USDT_Perp | +0.0142% | 4h | 4,362.6 | −0.002% | $1.4M | $3.1M | 25x | as long as short |
| Deribit GOLD_USDC-PERPETUAL | +0.0186% | 1h | 4,360.5 | −0.050% | $235K | $658K | 25x | as long as short |
| Bybit XAUUSDT | +0.0197% | 4h | 4,364.4 | +0.039% | $83.9M | $144.8M | 150x | as long as short |
| BloFin XAU-USDT | +0.0207% | 4h | 4,362.7 | +0.001% | $15.4M | $4.6M | 100x | as long as short |
| Bullet GOLD-USD | +0.0213% | 1h | 4,362.9 | +0.004% | $59K | $82K | 10x | as long as short |
| OKX XAU-USDT-SWAP | +0.0214% | 8h | 4,364.2 | +0.034% | $164.2M | $288.4M | 100x | as long as short |
| Kraken Futures PF_XAUUSD | +0.0225% | 1h | 4,360.2 | −0.058% | $595K | $141K | 25x | as long as short |
| Phemex XAUUSDT | +0.0290% | 4h | 4,363.8 | +0.025% | $2.2M | $1.1M | 100x | as long as short |
| GMX GOLD/USD [ETH-USDC] | L +0.0393% / S −0.0199% | 1h | 4,362.4 | −0.006% | $254K | — | 111x | as long as short |
| HTX XAU-USDT | +0.0555% | 4h | 4,367.4 | +0.107% | $2.9M | $3.9M | 75x | as long as short |
Vest GC-PERP
RISEx XAU/USDC
tradeXYZ xyz:GOLD
MEXC XAU_USDT
Ondo Perps XAU-USD.P
Phoenix GOLD
Binance XAUUSDT
edgeX XAUUSDC
Lighter XAU
Paradex XAU-USD-PERP
Hotstuff GOLD-PERP
Lighter RH XAU
Aevo XAU-PERP
Coinbase International GOLD-PERP-INTX
Pacifica XAU
ApeX Omni XAUUSDT
Bluefin GOLD-PERP
Bitget XAUUSDT
Polymarket Perps GOLD-USD
GRVT XAU_USDT_Perp
Deribit GOLD_USDC-PERPETUAL
Bybit XAUUSDT
BloFin XAU-USDT
Bullet GOLD-USD
OKX XAU-USDT-SWAP
Kraken Futures PF_XAUUSD
Phemex XAUUSDT
GMX GOLD/USD [ETH-USDC]
HTX XAU-USDT