Settings8H · net · $10k
Funding arb · Price arb /

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0144%/8h= +15.8% APRnext payment +$0.18 per $10,000 · paid last 24h +0.031%
Price spread now: Bullet against QFEX+0.012%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$4 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongQFEX GOLD-USD4,345.40.0041pay 0.0005% / 1h11m 57s$5.7M$2.0M20x
ShortBullet GOLD-USD4,345.90.0185get 0.0023% / 1h11m 57s$59K$82K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bullet 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

Funding earned
$30.26
Price spread: +0.012% → 0.000%
$1.15
Slippage, 4 orders
no order book: not counted
Fee QFEX: 5 bp × 2 orders
−$10
Fee Bullet: 4 bp × 2 orders
−$8
Net
$13.41
Costs to cover
0.180%
Break-even
3.9 days
Slippage unknown: QFEX: live order book, 7 min ago; Bullet: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy QFEX live order book, 7 min ago2.64 bp7.6 bp −$87.6 bp −$769.5 bp −$945doesn't fit
Sell Bullet no order-book sample
Bullet: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
RISEx XAU/USDC0.0000%1h4,345.6+0.004%$3.4M$12.3M25xas long as short
Gate XAU_USDT0.0000%4h4,347.3+0.044%$265.6M$417.2M100xas long as short
SunX XAU-USDT0.0000%4h4,350.7+0.121%$92K$8.9M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,341.8−0.084%$272K250xas long as short
Lighter XAU+0.0032%1h4,344.2−0.027%$20.8M$38.2M25xas long as short
Extended XAU-USD+0.0032%1h4,341.4−0.091%$13.2M$38.3M25xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4+0.116%$619$5452xas long as short
Lighter RH XAU+0.0040%1h4,346.8+0.031%$20.1M$39.4M25xas long as short
StandX XAU-USD+0.0040%1h4,348.1+0.062%$3.8M$4.5M40xas long as short
QFEX GOLD-USDlong+0.0041%1h4,345.4long leg$5.7M$2.0M20x
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Vest GC-PERP+0.0046%1h4,378.6+0.764%$1.0M25xas long as short
Coinbase International GOLD-PERP-INTX+0.0048%1h4,343.7−0.039%$2.0M$4.8M25xas long as short
Kalshi KXGOLDPERP+0.0048%24h4,344.6−0.018%$4.2M$37.4M15xas long as short
tradeXYZ xyz:GOLD+0.0050%1h4,342.8−0.060%$293.7M$49.0M25xas long as short
Ondo Perps XAU-USD.P+0.0050%1h4,341.9−0.081%$15.1M$56.8M25xas long as short
Aster XAUUSD1+0.0059%4h4,346.3+0.021%$71.2M$333.2M20xas long as short
Hotstuff GOLD-PERP+0.0064%1h4,344−0.032%$33K25xas long as short
Variational Omni XAU+0.0075%4h4,349.4+0.093%$48.4M$28.0Mas long as short
Paradex XAU-USD-PERP+0.0080%8h4,345.7+0.008%$19K$5K5xas long as short
GRVT XAU_USDT_Perp+0.0086%4h4,346.5+0.025%$1.4M$2.9M25xas long as short
MEXC XAU_USDT+0.0088%4h4,345.9+0.012%$372.0M$319.4M1000xas long as short
Binance XAUUSDT+0.0089%4h4,345.7+0.006%$413.3M$2.10B100xas long as short
edgeX XAUUSDC+0.0099%4h4,343.2−0.051%$30.2M$58.3M50xas long as short
Pacifica XAU+0.0100%1h4,343.4−0.046%$1.4M$1.1M10xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,343.3−0.049%$274K$203K50xas long as short
Bluefin GOLD-PERP+0.0100%1h4,340.7−0.109%$25K$14K20xas long as short
Aevo XAU-PERP+0.0104%1h4,344.8−0.015%$161K$8710xas long as short
Phoenix GOLD+0.0142%1h4,344.7−0.016%$47K$77K25xas long as short
Polymarket Perps GOLD-USD+0.0161%1h4,345.6+0.005%$4.3M$2.0M20xas long as short
Bullet GOLD-USDshort+0.0185%1h4,345.9+0.012%$59K$82K10x
Kraken Futures PF_XAUUSD+0.0194%1h4,343.2−0.051%$592K$132K25xas long as short
Phemex XAUUSDT+0.0231%4h4,349.3+0.090%$2.2M$967K100xas long as short
Bitget XAUUSDT+0.0232%4h4,346.2+0.018%$70.1M$109.2M100xas long as short
Bybit XAUUSDT+0.0240%4h4,346.9+0.034%$85.1M$145.4M150xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0257%1h4,344−0.032%$206K$824K25xas long as short
OKX XAU-USDT-SWAP+0.0297%8h4,347.1+0.039%$165.3M$281.9M100xas long as short
BloFin XAU-USDT+0.0329%4h4,346.8+0.032%$15.6M$4.5M100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0418% / S −0.0239%1h4,346+0.013%$248K111xas long as short
HTX XAU-USDT+0.0619%4h4,351.3+0.136%$2.8M$4.6M75xas long as short