XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0080%/8h= −8.7% APRnext payment −$0.10 per $10,000 · paid last 24h −0.020%

Price spread now: QFEX against RISEx−0.068%7-day average −0.043% · 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−$23as in the Price arb table

costs, in and out, $10k−$200.201% of the position

Long on RISEx Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.082%−$8 on $10k

Price spread, last 7 days+0.024%+$2 · spread now −0.068%, 7d avg −0.043%

Together, before fees−0.057%−$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and QFEX is 0.025% cheaper against RISEx than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.043%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx XAU/USDC	4,321.9	0.0126	pay 0.0016% / 1h	16m 59s	$4.5M	$13.5M	25x
Short	QFEX GOLD-USD	4,318.9	0.0046	get 0.0006% / 1h	16m 59s	$6.6M	$3.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against RISEx. 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 RISExbpFee QFEXbpOrdersPrice spread, now −0.068%Rate

Funding earned: −$16.78
Price spread: −0.068% → −0.043%: −$2.53
Slippage, 4 orders: −$4.13
Fee RISEx: 3 bp × 2 orders: −$6
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$39.44
Costs to cover: 0.201%
Break-even: never at this rate

Slippage from RISEx: live order book, 7 min ago; QFEX: live order book, 7 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 RISEx live order book, 7 min ago	0.01 bp	3.6 bp −$4	4.9 bp −$49	36.8 bp −$3,683	doesn't fit
Sell QFEX live order book, 7 min ago	1.74 bp	6.7 bp −$7	6.7 bp −$67	8.9 bp −$892	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
SunX XAU-USDT	0.0000%	4h	4,325.6	+0.086%	$92K	$6.6M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,319.6	−0.053%	$274K	—	250x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.661%	$619	$54	52x	as long as short
Vest GC-PERP	+0.0046%	1h	4,352.6	+0.711%	—	$1.0M	25x	as long as short
QFEX GOLD-USDshort	+0.0046%	1h	4,318.9	−0.068%	$6.6M	$3.1M	20x
tradeXYZ xyz:GOLD	+0.0050%	1h	4,318.9	−0.068%	$291.7M	$54.6M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0050%	1h	4,321.4	−0.011%	$4.3M	$1.8M	20x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,316.7	−0.120%	$15.0M	$56.3M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0056%	1h	4,316.7	−0.119%	$2.0M	$5.2M	25x	as long as short
Paradex XAU-USD-PERP	+0.0061%	8h	4,321	−0.019%	$2K	$13K	5x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster XAUUSD1	+0.0070%	4h	4,324	+0.051%	$74.0M	$271.6M	20x	as long as short
StandX XAU-USD	+0.0078%	1h	4,316.1	−0.133%	$3.8M	$4.5M	40x	as long as short
Lighter XAU	+0.0080%	1h	4,321.4	−0.010%	$20.3M	$29.8M	25x	as long as short
Extended XAU-USD	+0.0088%	1h	4,317.7	−0.096%	$12.9M	$35.8M	25x	as long as short
Phoenix GOLD	+0.0095%	1h	4,311.2	−0.247%	$42K	$86K	25x	as long as short
Lighter RH XAU	+0.0096%	1h	4,323.8	+0.044%	$19.8M	$40.7M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,318	−0.089%	$1.4M	$1.3M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,308.7	−0.305%	$277K	$223K	50x	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,320.4	−0.034%	$160K	$87	10x	as long as short
Kalshi KXGOLDPERP	+0.0115%	24h	4,323.8	+0.045%	$3.6M	$47.5M	15x	as long as short
Variational Omni XAU	+0.0115%	4h	4,311.4	−0.241%	$46.9M	$29.9M	—	as long as short
RISEx XAU/USDClong	+0.0126%	1h	4,321.9	long leg	$4.5M	$13.5M	25x
Hotstuff GOLD-PERP	+0.0128%	1h	4,318.1	−0.087%	$32K	—	25x	as long as short
MEXC XAU_USDT	+0.0128%	4h	4,322	+0.004%	$354.0M	$350.4M	1000x	as long as short
Binance XAUUSDT	+0.0129%	4h	4,322.1	+0.006%	$438.3M	$2.28B	100x	as long as short
Bybit XAUUSDT	+0.0142%	4h	4,324	+0.048%	$81.1M	$162.5M	150x	as long as short
edgeX XAUUSDC	+0.0143%	4h	4,310.3	−0.267%	$30.1M	$62.9M	50x	as long as short
Gate XAU_USDT	+0.0178%	4h	4,324.7	+0.066%	$301.2M	$438.0M	100x	as long as short
Phemex XAUUSDT	+0.0184%	4h	4,322.8	+0.021%	$2.2M	$961K	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0190%	1h	4,319.8	−0.048%	$133K	$811K	25x	as long as short
Bullet GOLD-USD	+0.0195%	1h	4,321	−0.020%	$59K	$77K	10x	as long as short
Bitget XAUUSDT	+0.0202%	4h	4,322.9	+0.023%	$70.5M	$128.6M	100x	as long as short
GRVT XAU_USDT_Perp	+0.0240%	4h	4,315.1	−0.157%	$1.4M	$3.1M	25x	as long as short
OKX XAU-USDT-SWAP	+0.0250%	8h	4,323.4	+0.036%	$171.3M	$344.4M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0327%	1h	4,319.4	−0.057%	$576K	$145K	25x	as long as short
BloFin XAU-USDT	+0.0369%	4h	4,320	−0.043%	$16.2M	$5.3M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0467% / S −0.0314%	1h	4,322.3	+0.011%	$256K	—	111x	as long as short
HTX XAU-USDT	+0.1165%	4h	4,327.8	+0.138%	$3.2M	$6.9M	75x	as long as short
Bluefin GOLD-PERP	+0.2141%	1h	4,316.8	−0.116%	$25K	$1K	20x	as long as short