XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0054%/8h= +5.9% APRnext payment +$0.07 per $10,000 · paid last 24h +0.017%

Price spread now: ApeX Omni against QFEX−0.111%116s7-day average −0.028% · 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—prices read too far apart to compare

costs, in and out, $10k−$510.510% of the position

Long on QFEX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.084%+$8 on $10k

Price spread, last 4 days (all we have)+0.057%+$6 · spread now −0.111%, 7d avg −0.028%

Together, before fees+0.141%+$14 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.083% cheaper against QFEX than usual: you would sell low and buy high (spread −0.111% now, against its 7-day average of −0.028%). If the spread goes back, that is −$8 on $10k: about 5.1 days of funding at the current rate (+$2 a day). The two prices were read 116 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX GOLD-USD	4,355.8	0.0046	pay 0.0006% / 1h	25m 35s	$5.6M	$1.9M	20x
Short	ApeX Omni XAUUSDT	4,351	0.0100	get 0.0013% / 1h	25m 35s	$275K	$202K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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 ApeX OmnibpOrdersPrice spread, now −0.111%Rate

Funding earned: $11.34
Price spread: −0.111% → −0.028%: −$8.25
Slippage, 4 orders: −$30.96
Fee QFEX: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$47.87
Costs to cover: 0.510%
Break-even: 36.5 days

Slippage from QFEX: live order book, 3 min ago; ApeX Omni: live order book, 37 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, 3 min ago	2.53 bp	7.5 bp −$8	7.5 bp −$75	9.8 bp −$977	doesn't fit
Sell ApeX Omni live order book, 37 min ago	4.79 bp	19.9 bp −$20	34.7 bp −$347	44.0 bp −$4,399	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	4,361.9	+0.139%	$93K	$9.2M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,352.6	−0.073%	$267K	—	250x	as long as short
Gate XAU_USDT	+0.0008%	4h	4,359	+0.073%	$264.9M	$412.5M	100x	as long as short
RISEx XAU/USDC	+0.0010%	1h	4,357.7	+0.044%	$3.4M	$12.4M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,354	−0.041%	$13.6M	$38.9M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.124%	$619	$54	52x	as long as short
Kalshi KXGOLDPERP	+0.0039%	24h	4,354.7	−0.025%	$4.1M	$37.0M	15x	as long as short
StandX XAU-USD	+0.0040%	1h	4,356.4	+0.014%	$3.8M	$4.6M	40x	as long as short
Aster XAUUSD1	+0.0043%	4h	4,357.9	+0.047%	$70.5M	$333.9M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,389.7	+0.778%	—	$1.0M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX GOLD-USDlong	+0.0046%	1h	4,355.8	long leg	$5.6M	$1.9M	20x
Coinbase International GOLD-PERP-INTX	+0.0048%	1h	4,352.2	−0.083%	$2.0M	$4.9M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,354.3	−0.034%	$294.2M	$48.8M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,354.4	−0.033%	$15.1M	$57.3M	25x	as long as short
GRVT XAU_USDT_Perp	+0.0052%	4h	4,353.7	−0.049%	$1.4M	$3.0M	25x	as long as short
Lighter XAU	+0.0056%	1h	4,356.8	+0.024%	$20.7M	$42.3M	25x	as long as short
Variational Omni XAU	+0.0057%	4h	4,355.6	−0.004%	$48.3M	$27.9M	—	as long as short
Lighter RH XAU	+0.0064%	1h	4,359.1	+0.075%	$20.2M	$39.7M	25x	as long as short
MEXC XAU_USDT	+0.0074%	4h	4,357.9	+0.048%	$372.4M	$318.8M	1000x	as long as short
Binance XAUUSDT	+0.0074%	4h	4,357.7	+0.043%	$413.2M	$2.10B	100x	as long as short
Paradex XAU-USD-PERP	+0.0081%	8h	4,357.8	+0.045%	$19K	$5K	5x	as long as short
edgeX XAUUSDC	+0.0087%	4h	4,349.1	−0.155%	$30.3M	$58.2M	50x	as long as short
Aevo XAU-PERP	+0.0096%	1h	4,355.4	−0.009%	$161K	$87	10x	as long as short
Pacifica XAU	+0.0100%	1h	4,354.4	−0.033%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDTshort	+0.0100%	1h	4,351	−0.111%	$275K	$202K	50x
Deribit GOLD_USDC-PERPETUAL	+0.0118%	1h	4,354.6	−0.028%	$258K	$707K	25x	as long as short
Polymarket Perps GOLD-USD	+0.0126%	1h	4,355.6	−0.005%	$4.3M	$1.9M	20x	as long as short
Phemex XAUUSDT	+0.0127%	4h	4,357.1	+0.030%	$2.2M	$1.1M	100x	as long as short
Phoenix GOLD	+0.0136%	1h	4,350.3	−0.126%	$47K	$77K	25x	as long as short
Bybit XAUUSDT	+0.0199%	4h	4,359.2	+0.078%	$84.6M	$145.6M	150x	as long as short
Bullet GOLD-USD	+0.0205%	1h	4,356	+0.005%	$59K	$83K	10x	as long as short
Hotstuff GOLD-PERP	+0.0208%	1h	4,352.9	−0.067%	$33K	—	25x	as long as short
Bitget XAUUSDT	+0.0212%	4h	4,358.1	+0.053%	$70.3M	$109.4M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0253%	8h	4,359.1	+0.076%	$165.1M	$282.3M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0269%	1h	4,353.6	−0.050%	$594K	$133K	25x	as long as short
BloFin XAU-USDT	+0.0298%	4h	4,356	+0.005%	$15.5M	$4.6M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0401% / S −0.0212%	1h	4,356.5	+0.017%	$249K	—	111x	as long as short
HTX XAU-USDT	+0.0566%	4h	4,362.3	+0.149%	$2.9M	$4.2M	75x	as long as short
Bluefin GOLD-PERP	+0.0580%	1h	4,349.5	−0.145%	$25K	$14K	20x	as long as short