XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0111%/8h= −12.2% APRnext payment −$0.14 per $10,000 · paid last 24h −0.055%

Price spread now: QFEX against Deribit+0.041%7-day average +0.101% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$280.277% of the position

Long on Deribit Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.749%−$75 on $10k

Price spread, last 3 days (all we have)+0.054%+$5 · spread now +0.041%, 7d avg +0.101%

Together, before fees−0.695%−$69 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and QFEX is 0.060% cheaper against Deribit than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.101%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit GOLD_USDC-PERPETUAL	4,362	0.0163	pay 0.0020% / 1h	56m 06s	$235K	$659K	25x
Short	QFEX GOLD-USD	4,363.8	0.0051	get 0.0006% / 1h	56m 06s	$5.6M	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Deribit. 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 DeribitbpFee QFEXbpOrdersPrice spread, now +0.041%Rate

Funding earned: −$23.41
Price spread: +0.041% → +0.101%: −$5.96
Slippage, 4 orders: −$10.73
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$57.1
Costs to cover: 0.277%
Break-even: never at this rate

Slippage from Deribit: live order book, 13 min ago; QFEX: live order book, 12 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 Deribit live order book, 13 min ago	0.12 bp	7.9 bp −$8	9.1 bp −$91	doesn't fit	doesn't fit
Sell QFEX live order book, 12 min ago	3.10 bp	8.1 bp −$8	8.1 bp −$81	10.8 bp −$1,084	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
Bluefin GOLD-PERP	−0.0392%	1h	4,356	−0.138%	$26K	$22K	20x	as long as short
Aster XAUUSD1	0.0000%	4h	4,365.4	+0.077%	$68.6M	$252.8M	20x	as long as short
Gate XAU_USDT	0.0000%	4h	4,367.1	+0.116%	$264.2M	$401.3M	100x	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,361.1	−0.021%	$4.1M	$36.5M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,366.8	+0.110%	$93K	$9.9M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,358.2	−0.086%	$269K	—	250x	as long as short
Hotstuff GOLD-PERP	+0.0016%	1h	4,357.3	−0.108%	$33K	—	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,358.9	−0.070%	$13.5M	$43.4M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.265%	$619	$54	52x	as long as short
Lighter XAU	+0.0040%	1h	4,363.7	+0.039%	$20.6M	$43.2M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX XAU-USD	+0.0040%	1h	4,362	0.000%	$3.8M	$4.7M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,396.2	+0.784%	—	$1.0M	25x	as long as short
Variational Omni XAU	+0.0049%	4h	4,361.5	−0.011%	$48.4M	$28.6M	—	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,362.6	+0.014%	$294.4M	$51.8M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,360.6	−0.031%	$14.9M	$57.3M	25x	as long as short
QFEX GOLD-USDshort	+0.0051%	1h	4,363.8	+0.041%	$5.6M	$1.9M	20x
Polymarket Perps GOLD-USD	+0.0053%	1h	4,361.4	−0.014%	$4.3M	$1.8M	20x	as long as short
Phoenix GOLD	+0.0055%	1h	4,358.9	−0.071%	$48K	$64K	25x	as long as short
Lighter RH XAU	+0.0056%	1h	4,366.8	+0.111%	$20.2M	$40.6M	25x	as long as short
MEXC XAU_USDT	+0.0062%	4h	4,365.6	+0.083%	$374.6M	$319.2M	1000x	as long as short
edgeX XAUUSDC	+0.0062%	4h	4,356.3	−0.130%	$30.3M	$60.0M	50x	as long as short
Binance XAUUSDT	+0.0064%	4h	4,366.5	+0.104%	$411.6M	$2.12B	100x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,359.3	−0.062%	$2.0M	$5.0M	25x	as long as short
Paradex XAU-USD-PERP	+0.0088%	8h	4,363.2	+0.028%	$19K	$5K	5x	as long as short
Aevo XAU-PERP	+0.0096%	1h	4,362.2	+0.004%	$162K	$87	10x	as long as short
Pacifica XAU	+0.0100%	1h	4,360.6	−0.032%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,358.5	−0.080%	$275K	$204K	50x	as long as short
Bitget XAUUSDT	+0.0116%	4h	4,366.5	+0.104%	$69.6M	$111.2M	100x	as long as short
RISEx XAU/USDC	+0.0135%	1h	4,363.8	+0.042%	$3.4M	$12.4M	25x	as long as short
GRVT XAU_USDT_Perp	+0.0154%	4h	4,362.8	+0.018%	$1.4M	$3.1M	25x	as long as short
Deribit GOLD_USDC-PERPETUALlong	+0.0163%	1h	4,362	long leg	$235K	$659K	25x
Bullet GOLD-USD	+0.0182%	1h	4,362.5	+0.011%	$59K	$83K	10x	as long as short
Bybit XAUUSDT	+0.0203%	4h	4,367.5	+0.127%	$83.6M	$144.8M	150x	as long as short
OKX XAU-USDT-SWAP	+0.0217%	8h	4,367.9	+0.135%	$164.3M	$287.4M	100x	as long as short
BloFin XAU-USDT	+0.0255%	4h	4,362.8	+0.017%	$15.4M	$4.6M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0269%	1h	4,360.7	−0.030%	$595K	$141K	25x	as long as short
Phemex XAUUSDT	+0.0289%	4h	4,366.7	+0.108%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0395% / S −0.0199%	1h	4,362.2	+0.004%	$254K	—	111x	as long as short
HTX XAU-USDT	+0.0547%	4h	4,368.7	+0.155%	$2.9M	$3.9M	75x	as long as short