XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0056%/8h= +6.1% APRnext payment +$0.07 per $10,000 · paid last 24h +0.017%

Price spread now: Pacifica against QFEX−0.078%7-day average −0.053% · 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−$27as in the Price arb table

costs, in and out, $10k−$240.242% of the position

Long on QFEX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.019%+$2 on $10k

Price spread, last 7 days+0.008%+$1 · spread now −0.078%, 7d avg −0.053%

Together, before fees+0.027%+ Points / potential airdropPacifica: Active · farm board+$3 on $10k · with fees, hour by hour

Funding pays, the price is against you. Pacifica is 0.025% cheaper against QFEX than usual: you would sell low and buy high (spread −0.078% now, against its 7-day average of −0.053%). If the spread goes back, that is −$3 on $10k: about 36 hours of funding at the current rate (+$2 a day). At the pace of the last 4 days (+0.019% in total) that is about 4.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX GOLD-USD	4,334.3	0.0044	pay 0.0005% / 1h	34m 19s	$5.4M	$2.1M	20x
Short	Pacifica XAU	4,330.9	0.0100	get 0.0013% / 1h	34m 19s	$1.4M	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.078%Rate

Funding earned: $11.79
Price spread: −0.078% → −0.053%: −$2.52
Slippage, 4 orders: −$6.17
Fee QFEX: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$14.9
Costs to cover: 0.242%
Break-even: 15.8 days

Slippage from QFEX: live order book, 4 min ago; Pacifica: live order book, 5 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, 4 min ago	2.42 bp	7.4 bp −$7	7.4 bp −$74	9.3 bp −$930	doesn't fit
Sell Pacifica live order book, 5 min ago	0.12 bp	4.8 bp −$5	doesn't fit	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	4,331.3	−0.069%	$32K	—	25x	as long as short
SunX XAU-USDT	0.0000%	4h	4,340.7	+0.147%	$92K	$8.4M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,330.5	−0.088%	$271K	—	250x	as long as short
Extended XAU-USD	+0.0032%	1h	4,330.4	−0.091%	$13.2M	$37.2M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.372%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,337.9	+0.083%	$3.8M	$4.5M	40x	as long as short
Bluefin GOLD-PERP	+0.0042%	1h	4,328.3	−0.138%	$25K	$14K	20x	as long as short
QFEX GOLD-USDlong	+0.0044%	1h	4,334.3	long leg	$5.4M	$2.1M	20x
Vest GC-PERP	+0.0046%	1h	4,367.8	+0.773%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,331.5	−0.065%	$292.4M	$50.1M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps XAU-USD.P	+0.0050%	1h	4,330.8	−0.081%	$15.0M	$56.5M	25x	as long as short
RISEx XAU/USDC	+0.0054%	1h	4,334.8	+0.011%	$3.7M	$12.3M	25x	as long as short
Lighter XAU	+0.0056%	1h	4,333.1	−0.028%	$20.6M	$30.6M	25x	as long as short
Kalshi KXGOLDPERP	+0.0056%	24h	4,335.8	+0.035%	$4.2M	$39.7M	15x	as long as short
Gate XAU_USDT	+0.0060%	4h	4,336	+0.039%	$271.9M	$400.8M	100x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,334.1	−0.005%	$2.1M	$4.7M	25x	as long as short
Paradex XAU-USD-PERP	+0.0073%	8h	4,334	−0.007%	$19K	$5K	5x	as long as short
Bybit XAUUSDT	+0.0076%	4h	4,335.3	+0.022%	$79.7M	$152.9M	150x	as long as short
Lighter RH XAU	+0.0096%	1h	4,335.9	+0.036%	$20.0M	$38.4M	25x	as long as short
Pacifica XAUshort	+0.0100%	1h	4,330.9	−0.078%	$1.4M	$1.2M	10x
ApeX Omni XAUUSDT	+0.0100%	1h	4,336.7	+0.055%	$276K	$204K	50x	as long as short
Variational Omni XAU	+0.0109%	4h	4,335.3	+0.022%	$48.3M	$27.5M	—	as long as short
Aster XAUUSD1	+0.0112%	4h	4,336.3	+0.046%	$71.4M	$331.3M	20x	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,334.3	−0.001%	$161K	$87	10x	as long as short
MEXC XAU_USDT	+0.0118%	4h	4,335.1	+0.018%	$367.2M	$320.5M	1000x	as long as short
edgeX XAUUSDC	+0.0120%	4h	4,336.6	+0.053%	$30.2M	$58.3M	50x	as long as short
Binance XAUUSDT	+0.0121%	4h	4,334.6	+0.006%	$417.5M	$2.10B	100x	as long as short
Phoenix GOLD	+0.0127%	1h	4,341.6	+0.168%	$47K	$77K	25x	as long as short
GRVT XAU_USDT_Perp	+0.0132%	4h	4,340	+0.130%	$1.4M	$2.9M	25x	as long as short
Bullet GOLD-USD	+0.0166%	1h	4,334.9	+0.013%	$59K	$82K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0172%	1h	4,334.6	+0.007%	$4.2M	$2.0M	20x	as long as short
Kraken Futures PF_XAUUSD	+0.0247%	1h	4,333.5	−0.018%	$590K	$129K	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0258%	1h	4,332.8	−0.035%	$202K	$823K	25x	as long as short
HTX XAU-USDT	+0.0260%	4h	4,339.3	+0.114%	$2.8M	$4.7M	75x	as long as short
Bitget XAUUSDT	+0.0284%	4h	4,335.4	+0.024%	$71.8M	$108.7M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0340%	8h	4,334.7	+0.009%	$170.0M	$286.7M	100x	as long as short
Phemex XAUUSDT	+0.0346%	4h	4,340.2	+0.137%	$2.2M	$960K	100x	as long as short
BloFin XAU-USDT	+0.0375%	4h	4,337.4	+0.070%	$15.9M	$4.4M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0450% / S −0.0284%	1h	4,334.6	+0.007%	$250K	—	111x	as long as short