XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0048%/8h= +5.3% APRnext payment +$0.06 per $10,000 · paid last 24h +0.025%

Price spread now: Polymarket Perps against QFEX−0.009%7-day average −0.037% · 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−$22as in the Price arb table

costs, in and out, $10k−$250.251% of the position

Long on QFEX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.055%+$5 on $10k

Price spread, last 7 days−0.028%−$3 · spread now −0.009%, 7d avg −0.037%

Together, before fees+0.027%+$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Polymarket Perps is 0.028% dearer against QFEX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.037%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX GOLD-USD	4,363.4	0.0002	pay 0.0000% / 1h	7m 28s	$5.6M	$1.7M	20x
Short	Polymarket Perps GOLD-USD	4,363	0.0051	get 0.0006% / 1h	7m 28s	$4.3M	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.009%Rate

Funding earned: $10.16
Price spread: −0.009% → −0.037%: $2.81
Slippage, 4 orders: −$7.1
Fee QFEX: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$12.13
Costs to cover: 0.251%
Break-even: 15.4 days

Slippage from QFEX: live order book, 11 min ago; Polymarket Perps: live order book, 2 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, 11 min ago	1.26 bp	6.3 bp −$6	6.3 bp −$63	9.8 bp −$982	doesn't fit
Sell Polymarket Perps live order book, 2 min ago	0.12 bp	4.1 bp −$4	4.1 bp −$41	5.3 bp −$526	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
Kraken Futures PF_XAUUSD	−0.0174%	1h	4,362.1	−0.030%	$602K	$139K	25x	as long as short
Aster XAUUSD1	0.0000%	4h	4,365.3	+0.043%	$71.5M	$233.8M	20x	as long as short
Binance XAUUSDT	0.0000%	4h	4,364.1	+0.017%	$410.4M	$2.09B	100x	as long as short
Bybit XAUUSDT	0.0000%	4h	4,365.3	+0.044%	$82.9M	$141.7M	150x	as long as short
RISEx XAU/USDC	0.0000%	1h	4,364.2	+0.018%	$3.4M	$12.4M	25x	as long as short
Gate XAU_USDT	0.0000%	4h	4,365.5	+0.048%	$269.4M	$411.7M	100x	as long as short
MEXC XAU_USDT	0.0000%	4h	4,364.3	+0.019%	$376.5M	$354.3M	1000x	as long as short
Bitget XAUUSDT	0.0000%	4h	4,364.4	+0.022%	$67.4M	$110.0M	100x	as long as short
Variational Omni XAU	0.0000%	4h	4,360.3	−0.072%	$48.5M	$31.3M	—	as long as short
GRVT XAU_USDT_Perp	0.0000%	4h	4,362.8	−0.014%	$1.4M	$3.1M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kalshi KXGOLDPERP	0.0000%	24h	4,362.3	−0.025%	$4.0M	$34.6M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,368.8	+0.123%	$93K	$10.7M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,361.2	−0.050%	$268K	—	250x	as long as short
QFEX GOLD-USDlong	+0.0002%	1h	4,363.4	long leg	$5.6M	$1.7M	20x
edgeX XAUUSDC	+0.0018%	4h	4,355.3	−0.187%	$30.3M	$57.9M	50x	as long as short
tradeXYZ xyz:GOLD	+0.0018%	1h	4,360.3	−0.071%	$293.4M	$52.7M	25x	as long as short
Hotstuff GOLD-PERP	+0.0024%	1h	4,359.9	−0.080%	$33K	—	25x	as long as short
Lighter XAU	+0.0032%	1h	4,363.9	+0.011%	$21.0M	$44.6M	25x	as long as short
Lighter RH XAU	+0.0032%	1h	4,366.4	+0.068%	$20.3M	$42.2M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,361.1	−0.052%	$13.1M	$46.3M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.297%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,363.6	+0.005%	$3.8M	$4.7M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,399	+0.816%	—	$1.0M	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0048%	1h	4,363.3	−0.002%	$235K	$734K	25x	as long as short
Paradex XAU-USD-PERP	+0.0050%	8h	4,364.1	+0.015%	$19K	$6K	5x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,360.2	−0.072%	$14.4M	$55.6M	25x	as long as short
Polymarket Perps GOLD-USDshort	+0.0051%	1h	4,363	−0.009%	$4.3M	$1.7M	20x
Aevo XAU-PERP	+0.0080%	1h	4,362.9	−0.012%	$162K	$87	10x	as long as short
Bullet GOLD-USD	+0.0099%	1h	4,364.5	+0.025%	$60K	$85K	10x	as long as short
Pacifica XAU	+0.0100%	1h	4,361.5	−0.043%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,360.4	−0.068%	$274K	$199K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,357.4	−0.137%	$26K	$21K	20x	as long as short
Phoenix GOLD	+0.0109%	1h	4,357.5	−0.135%	$48K	$65K	25x	as long as short
HTX XAU-USDT	+0.0109%	4h	4,367.2	+0.087%	$2.8M	$3.8M	75x	as long as short
OKX XAU-USDT-SWAP	+0.0158%	8h	4,365.7	+0.053%	$158.6M	$269.6M	100x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0208%	1h	4,360.9	−0.057%	$2.0M	$5.1M	25x	as long as short
BloFin XAU-USDT	+0.0240%	4h	4,362.7	−0.015%	$14.8M	$4.3M	100x	as long as short
Phemex XAUUSDT	+0.0272%	4h	4,364.6	+0.028%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0389% / S −0.0197%	1h	4,364.6	+0.027%	$252K	—	111x	as long as short