XAU

Alert

Funding spread now, next payment 15:00 UTC+0.0055%/8h

next payment, per $10,000+$0.07paid, last 24h+0.020%paid, last 3 days+0.244%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX GOLD-USD	4,356	0.0051	pay 0.0006% / 1h	24m 54s	$5.4M	$1.9M	20x
Short	Phoenix GOLD	4,350.6	0.0107	get 0.0013% / 1h	24m 54s	$53K	$54K	25x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee QFEXbpFee PhoenixbpOrdersRate

Funding earned: $11.65
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$5.35
Break-even: 10.2 days

Slippage unknown: QFEX: live order book, 5 min ago; Phoenix: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.124%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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, 5 min ago	1.49 bp	6.5 bp −$6	6.5 bp −$65	7.1 bp −$706	12.1 bp −$6,073
Sell Phoenix no order-book sample	—	—	—	—	—

Phoenix: 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 38 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bluefin GOLD-PERP	−0.0284%	1h	$26K	$23K	20x	as long as short
RISEx XAU/USDC	0.0000%	1h	$3.7M	$12.2M	25x	as long as short
SunX XAU-USDT	0.0000%	4h	$93K	$11.2M	20x	as long as short
Phemex XAUUSDT	0.0000%	4h	$2.2M	$1.0M	100x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0001%	1h	$187K	—	250x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	$619	$72K	52x	as long as short
Gate XAU_USDT	+0.0040%	4h	$282.9M	$372.8M	100x	as long as short
StandX XAU-USD	+0.0040%	1h	$3.8M	$1.6M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	—	$789K	25x	as long as short
Extended XAU-USD	+0.0048%	1h	$13.3M	$51.9M	25x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
tradeXYZ xyz:GOLD	+0.0050%	1h	$294.4M	$55.5M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	$14.8M	$43.1M	25x	as long as short
QFEX GOLD-USDlong	+0.0051%	1h	$5.4M	$1.9M	20x
Paradex XAU-USD-PERP	+0.0067%	8h	$19K	$6K	5x	as long as short
Lighter RH XAU	+0.0072%	1h	$19.7M	$39.5M	25x	as long as short
Lighter XAU	+0.0088%	1h	$20.7M	$44.9M	25x	as long as short
Bybit XAUUSDT	+0.0092%	4h	$82.3M	$128.5M	150x	as long as short
Pacifica XAU	+0.0100%	1h	$1.4M	$1.3M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	$273K	$203K	50x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0104%	1h	$2.0M	$4.9M	25x	as long as short
Phoenix GOLDshort	+0.0107%	1h	$53K	$54K	25x
Bullet GOLD-USD	+0.0108%	1h	$59K	$78K	10x	as long as short
Kalshi KXGOLDPERP	+0.0113%	24h	$4.2M	$29.3M	15x	as long as short
Aevo XAU-PERP	+0.0120%	1h	$161K	$87	10x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0140%	1h	$219K	$951K	25x	as long as short
Aster XAUUSD1	+0.0148%	4h	$69.2M	$161.9M	20x	as long as short
Variational Omni XAU	+0.0150%	4h	$47.6M	$42.6M	—	as long as short
Binance XAUUSDT	+0.0166%	4h	$416.4M	$1.96B	100x	as long as short
MEXC XAU_USDT	+0.0166%	4h	$370.6M	$379.1M	1000x	as long as short
edgeX XAUUSDC	+0.0176%	4h	$30.3M	$53.0M	50x	as long as short
Polymarket Perps GOLD-USD	+0.0198%	1h	$4.1M	$1.8M	20x	as long as short
Hotstuff GOLD-PERP	+0.0208%	1h	$33K	—	25x	as long as short
OKX XAU-USDT-SWAP	+0.0246%	8h	$158.9M	$256.1M	100x	as long as short
Bitget XAUUSDT	+0.0288%	4h	$71.7M	$93.1M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0301%	1h	$590K	$106K	25x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0363% / S −0.0177%	1h	$221K	—	111x	as long as short
HTX XAU-USDT	+0.0368%	4h	$2.4M	$2.1M	75x	as long as short
BloFin XAU-USDT	+0.0406%	4h	$15.4M	$4.3M	100x	as long as short