XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0377%/8h= −41.3% APRnext payment −$0.47 per $10,000 · paid last 24h −0.091%

Price spread now: QFEX against GMX−0.027%7-day average −0.020% · you buy dearer than you sell

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

Long on GMX Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.339%−$34 on $10k

Price spread, last 4 days (all we have)−0.041%−$4 · spread now −0.027%, 7d avg −0.020%

Together, before fees−0.380%−$38 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: −$11 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX GOLD/USD [ETH-USDC]	4,347.3	L +0.0418% / S −0.0239%	pay 0.0052% / 1h	9m 45s	$248K	—	111x
Short	QFEX GOLD-USD	4,346.1	0.0041	get 0.0005% / 1h	9m 45s	$5.7M	$2.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against GMX. 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 GMXbpFee QFEXbpOrdersPrice spread, now −0.027%Rate

Funding earned: −$79.19
Price spread: −0.027% → −0.020%: −$0.73
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$101.92
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; QFEX: live order book, 4 min ago. 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 GMX no order-book sample	—	—	—	—	—
Sell QFEX live order book, 4 min ago	2.41 bp	7.4 bp −$7	7.4 bp −$74	10.0 bp −$1,001	doesn't fit

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
RISEx XAU/USDC	0.0000%	1h	4,346.4	−0.022%	$3.4M	$12.3M	25x	as long as short
Hotstuff GOLD-PERP	0.0000%	1h	4,342.7	−0.106%	$33K	—	25x	as long as short
Gate XAU_USDT	0.0000%	4h	4,349.5	+0.051%	$266.5M	$417.5M	100x	as long as short
SunX XAU-USDT	0.0000%	4h	4,351.3	+0.091%	$92K	$8.9M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,343.1	−0.096%	$272K	—	250x	as long as short
Lighter XAU	+0.0032%	1h	4,346.7	−0.015%	$20.8M	$38.2M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,343.6	−0.085%	$13.2M	$38.2M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.072%	$619	$54	52x	as long as short
Lighter RH XAU	+0.0040%	1h	4,348.7	+0.032%	$20.1M	$39.4M	25x	as long as short
StandX XAU-USD	+0.0040%	1h	4,347.4	+0.002%	$3.8M	$4.5M	40x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX GOLD-USDshort	+0.0041%	1h	4,346.1	−0.027%	$5.7M	$2.0M	20x
Vest GC-PERP	+0.0046%	1h	4,379.5	+0.741%	—	$1.0M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0048%	1h	4,343.7	−0.083%	$2.0M	$4.8M	25x	as long as short
Kalshi KXGOLDPERP	+0.0049%	24h	4,345.3	−0.046%	$4.2M	$37.4M	15x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,344.8	−0.057%	$293.9M	$48.8M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,344	−0.075%	$15.1M	$56.9M	25x	as long as short
Aster XAUUSD1	+0.0063%	4h	4,349	+0.038%	$71.4M	$333.1M	20x	as long as short
Variational Omni XAU	+0.0076%	4h	4,345.3	−0.046%	$48.4M	$28.2M	—	as long as short
Paradex XAU-USD-PERP	+0.0080%	8h	4,347.5	+0.004%	$19K	$5K	5x	as long as short
GRVT XAU_USDT_Perp	+0.0086%	4h	4,346.5	−0.019%	$1.4M	$2.9M	25x	as long as short
MEXC XAU_USDT	+0.0088%	4h	4,347.9	+0.013%	$372.8M	$320.5M	1000x	as long as short
Binance XAUUSDT	+0.0090%	4h	4,347.8	+0.012%	$413.9M	$2.10B	100x	as long as short
edgeX XAUUSDC	+0.0099%	4h	4,343.2	−0.095%	$30.2M	$58.3M	50x	as long as short
Pacifica XAU	+0.0100%	1h	4,343.7	−0.083%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,343.3	−0.093%	$274K	$203K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,340.4	−0.159%	$25K	$14K	20x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,346.3	−0.023%	$161K	$87	10x	as long as short
Phoenix GOLD	+0.0142%	1h	4,344.7	−0.060%	$47K	$77K	25x	as long as short
Polymarket Perps GOLD-USD	+0.0164%	1h	4,346.9	−0.009%	$4.3M	$2.0M	20x	as long as short
Bullet GOLD-USD	+0.0187%	1h	4,347	−0.007%	$59K	$82K	10x	as long as short
Kraken Futures PF_XAUUSD	+0.0194%	1h	4,344	−0.075%	$592K	$132K	25x	as long as short
Phemex XAUUSDT	+0.0232%	4h	4,349.4	+0.048%	$2.2M	$967K	100x	as long as short
Bitget XAUUSDT	+0.0234%	4h	4,348.5	+0.028%	$70.1M	$109.2M	100x	as long as short
Bybit XAUUSDT	+0.0240%	4h	4,349.2	+0.044%	$85.1M	$145.4M	150x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0256%	1h	4,345.7	−0.037%	$206K	$825K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0298%	8h	4,348.9	+0.037%	$165.3M	$282.0M	100x	as long as short
BloFin XAU-USDT	+0.0329%	4h	4,346.1	−0.027%	$15.6M	$4.5M	100x	as long as short
GMX GOLD/USD [ETH-USDC]long	L +0.0418% / S −0.0239%	1h	4,347.3	long leg	$248K	—	111x
HTX XAU-USDT	+0.0619%	4h	4,351.3	+0.092%	$2.8M	$4.6M	75x	as long as short