XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0268%/8h= +29.4% APRnext payment +$0.34 per $10,000 · paid last 24h +0.052%

Price spread now: GMX against QFEX+0.010%48s7-day average +0.020% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on QFEX Short on GMX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.149%+$15 on $10k

Price spread, last 4 days (all we have)+0.090%+$9 · spread now +0.010%, 7d avg +0.020%

Together, before fees+0.239%+$24 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.020%, so right now this pair is about funding alone: +$8 a day on $10k at the current rate. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX GOLD-USD	4,306	0.0046	pay 0.0006% / 1h	41m 19s	$6.6M	$3.2M	20x
Short	GMX GOLD/USD [ETH-USDC]	4,306.4	L +0.0466% / S −0.0314%	get 0.0039% / 1h	41m 19s	$255K	—	111x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now +0.010%Rate

Funding earned: $56.31
Price spread: +0.010% → +0.020%: −$1.09
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $33.23
Costs to cover: 0.220%
Break-even: 2.9 days

Slippage unknown: QFEX: live order book, 8 min ago; GMX: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy QFEX live order book, 8 min ago	1.97 bp	7.0 bp −$7	7.0 bp −$70	8.5 bp −$853	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX XAU-USDT	0.0000%	4h	4,310.5	+0.105%	$92K	$6.8M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,303.6	−0.056%	$268K	—	250x	as long as short
Hotstuff GOLD-PERP	+0.0016%	1h	4,308.7	+0.063%	$32K	—	25x	as long as short
GRVT XAU_USDT_Perp	+0.0018%	4h	4,306	0.000%	$1.4M	$3.1M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+1.032%	$619	$54	52x	as long as short
Bybit XAUUSDT	+0.0037%	4h	4,307.8	+0.042%	$77.0M	$157.3M	150x	as long as short
Extended XAU-USD	+0.0040%	1h	4,302.8	−0.075%	$13.1M	$36.3M	25x	as long as short
Vest GC-PERP	+0.0046%	1h	4,338.2	+0.748%	—	$1.0M	25x	as long as short
QFEX GOLD-USDlong	+0.0046%	1h	4,306	long leg	$6.6M	$3.2M	20x
tradeXYZ xyz:GOLD	+0.0050%	1h	4,303.4	−0.060%	$290.8M	$54.5M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps GOLD-USD	+0.0050%	1h	4,303.7	−0.053%	$4.3M	$1.8M	20x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,303.4	−0.061%	$15.0M	$55.7M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0056%	1h	4,302.9	−0.072%	$2.0M	$5.1M	25x	as long as short
Aster XAUUSD1	+0.0057%	4h	4,307.3	+0.031%	$73.3M	$271.8M	20x	as long as short
Paradex XAU-USD-PERP	+0.0060%	8h	4,306.1	+0.002%	$2K	$13K	5x	as long as short
StandX XAU-USD	+0.0074%	1h	4,308.2	+0.051%	$3.8M	$4.5M	40x	as long as short
Lighter XAU	+0.0080%	1h	4,306.2	+0.005%	$20.3M	$28.7M	25x	as long as short
Phoenix GOLD	+0.0095%	1h	4,303.2	−0.065%	$42K	$86K	25x	as long as short
Lighter RH XAU	+0.0096%	1h	4,308.8	+0.065%	$19.8M	$39.7M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,302.7	−0.078%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,305.9	−0.003%	$276K	$218K	50x	as long as short
Binance XAUUSDT	+0.0102%	4h	4,306.2	+0.004%	$433.7M	$2.22B	100x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,304.9	−0.026%	$159K	$87	10x	as long as short
Variational Omni XAU	+0.0106%	4h	4,313.8	+0.182%	$46.8M	$29.1M	—	as long as short
MEXC XAU_USDT	+0.0106%	4h	4,305.8	−0.004%	$361.4M	$336.0M	1000x	as long as short
Kalshi KXGOLDPERP	+0.0108%	24h	4,308.7	+0.063%	$3.7M	$46.3M	15x	as long as short
edgeX XAUUSDC	+0.0118%	4h	4,309.9	+0.092%	$30.0M	$62.1M	50x	as long as short
RISEx XAU/USDC	+0.0126%	1h	4,307.1	+0.027%	$4.4M	$13.1M	25x	as long as short
Gate XAU_USDT	+0.0128%	4h	4,308.9	+0.067%	$295.3M	$424.9M	100x	as long as short
Bitget XAUUSDT	+0.0188%	4h	4,306.7	+0.017%	$70.2M	$124.2M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0191%	1h	4,305.8	−0.005%	$134K	$882K	25x	as long as short
Bullet GOLD-USD	+0.0203%	1h	4,307	+0.023%	$58K	$81K	10x	as long as short
OKX XAU-USDT-SWAP	+0.0249%	8h	4,307.5	+0.035%	$170.6M	$328.9M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0328%	1h	4,304.5	−0.035%	$573K	$138K	25x	as long as short
BloFin XAU-USDT	+0.0369%	4h	4,307.5	+0.036%	$16.2M	$5.0M	100x	as long as short
GMX GOLD/USD [ETH-USDC]short	L +0.0466% / S −0.0314%	1h	4,306.4	+0.010%	$255K	—	111x
Phemex XAUUSDT	+0.0721%	4h	4,310.8	+0.112%	$2.2M	$951K	100x	as long as short
HTX XAU-USDT	+0.1039%	4h	4,313.4	+0.173%	$3.2M	$6.2M	75x	as long as short
Bluefin GOLD-PERP	+0.5956%	1h	4,302.9	−0.072%	$25K	$1K	20x	as long as short