XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0047%/8h= −5.1% APRnext payment −$0.06 per $10,000 · paid last 24h −0.002%

Price spread now: QFEX against Hotstuff+0.055%7-day average — · you sell dearer than you buy

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

Long on Hotstuff Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHotstuff: Active · farm boardneeds both histories

The price spread pays, funding is against you. QFEX is 0.055% dearer against Hotstuff than usual: you sell high and buy low (spread +0.055% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff GOLD-PERP	4,343.8	0.0088	pay 0.0011% / 1h	5m 54s	$33K	—	25x
Short	QFEX GOLD-USD	4,346.2	0.0041	get 0.0005% / 1h	5m 54s	$5.7M	$2.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Hotstuff. 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 HotstuffbpFee QFEXbpOrdersPrice spread, now +0.055%Rate

Funding earned: −$9.81
Price spread: +0.055% → 0.000%: $5.53
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$19.29
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Hotstuff: no order-book sample; QFEX: live order book, 8 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 Hotstuff no order-book sample	—	—	—	—	—
Sell QFEX live order book, 8 min ago	2.41 bp	7.4 bp −$7	7.4 bp −$74	10.0 bp −$1,001	doesn't fit

Hotstuff: 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	4,346.5	+0.061%	$3.4M	$12.3M	25x	as long as short
Gate XAU_USDT	0.0000%	4h	4,347.6	+0.088%	$266.2M	$418.0M	100x	as long as short
SunX XAU-USDT	0.0000%	4h	4,351.2	+0.171%	$92K	$8.9M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,342.6	−0.028%	$272K	—	250x	as long as short
Lighter XAU	+0.0032%	1h	4,345.6	+0.041%	$20.8M	$38.3M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,342.4	−0.031%	$13.2M	$38.2M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.152%	$619	$54	52x	as long as short
Lighter RH XAU	+0.0040%	1h	4,347.5	+0.086%	$20.1M	$39.5M	25x	as long as short
StandX XAU-USD	+0.0040%	1h	4,348.3	+0.104%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USDshort	+0.0041%	1h	4,346.2	+0.055%	$5.7M	$2.0M	20x

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest GC-PERP	+0.0046%	1h	4,379.8	+0.829%	—	$1.0M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0048%	1h	4,344.9	+0.025%	$2.1M	$4.8M	25x	as long as short
Kalshi KXGOLDPERP	+0.0049%	24h	4,345.9	+0.048%	$4.2M	$37.3M	15x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,343.4	−0.009%	$293.8M	$48.8M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,343	−0.019%	$15.1M	$56.8M	25x	as long as short
Aster XAUUSD1	+0.0065%	4h	4,348	+0.096%	$71.3M	$333.1M	20x	as long as short
Variational Omni XAU	+0.0079%	4h	4,346.2	+0.055%	$48.4M	$28.2M	—	as long as short
Paradex XAU-USD-PERP	+0.0080%	8h	4,346.5	+0.062%	$19K	$5K	5x	as long as short
Hotstuff GOLD-PERPlong	+0.0088%	1h	4,343.8	long leg	$33K	—	25x
GRVT XAU_USDT_Perp	+0.0090%	4h	4,347	+0.073%	$1.4M	$2.9M	25x	as long as short
MEXC XAU_USDT	+0.0090%	4h	4,346.5	+0.062%	$372.6M	$320.6M	1000x	as long as short
Binance XAUUSDT	+0.0091%	4h	4,346.5	+0.062%	$414.2M	$2.10B	100x	as long as short
Pacifica XAU	+0.0100%	1h	4,343.6	−0.005%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,343.3	−0.012%	$274K	$203K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,340.3	−0.080%	$25K	$14K	20x	as long as short
edgeX XAUUSDC	+0.0101%	4h	4,342.2	−0.036%	$30.2M	$58.0M	50x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,346.1	+0.053%	$161K	$87	10x	as long as short
Phoenix GOLD	+0.0142%	1h	4,345.2	+0.032%	$47K	$77K	25x	as long as short
Polymarket Perps GOLD-USD	+0.0167%	1h	4,346.8	+0.069%	$4.3M	$2.0M	20x	as long as short
Bullet GOLD-USD	+0.0186%	1h	4,347	+0.074%	$59K	$82K	10x	as long as short
Kraken Futures PF_XAUUSD	+0.0194%	1h	4,343.9	+0.002%	$592K	$132K	25x	as long as short
Phemex XAUUSDT	+0.0230%	4h	4,349.4	+0.129%	$2.2M	$967K	100x	as long as short
Bitget XAUUSDT	+0.0234%	4h	4,346.7	+0.067%	$71.1M	$109.6M	100x	as long as short
Bybit XAUUSDT	+0.0240%	4h	4,347.5	+0.084%	$85.1M	$145.4M	150x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0257%	1h	4,345.3	+0.035%	$206K	$825K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0301%	8h	4,347.9	+0.094%	$165.3M	$281.9M	100x	as long as short
BloFin XAU-USDT	+0.0331%	4h	4,348	+0.096%	$15.6M	$4.5M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0419% / S −0.0241%	1h	4,347	+0.073%	$248K	—	111x	as long as short
HTX XAU-USDT	+0.0613%	4h	4,351.3	+0.172%	$2.8M	$4.6M	75x	as long as short