XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.12 per $10,000 · paid last 24h +0.036%

Price spread now: Polymarket Perps against QFEX+0.048%7-day average −0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$260.261% of the position

Long on QFEX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.068%+$7 on $10k

Price spread, last 7 days−0.079%−$8 · spread now +0.048%, 7d avg −0.034%

Together, before fees−0.011%−$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Polymarket Perps is 0.082% dearer against QFEX than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.034%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX GOLD-USD	4,338.3	0.0038	pay 0.0005% / 1h	0m 05s	$6.7M	$3.2M	20x
Short	Polymarket Perps GOLD-USD	4,340.4	0.0138	get 0.0017% / 1h	0m 05s	$4.3M	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now +0.048%Rate

Funding earned: $21
Price spread: +0.048% → −0.034%: $8.24
Slippage, 4 orders: −$8.06
Fee QFEX: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: $3.18
Costs to cover: 0.261%
Break-even: 5.9 days

Slippage from QFEX: live order book, 7 min ago; Polymarket Perps: live order book, 2 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, 7 min ago	3.23 bp	8.2 bp −$8	8.2 bp −$82	10.2 bp −$1,022	doesn't fit
Sell Polymarket Perps live order book, 2 min ago	0.69 bp	4.7 bp −$5	6.1 bp −$61	6.8 bp −$680	doesn't fit

XAU on 39 exchanges

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
Hotstuff GOLD-PERP	−2.8040%	1h	4,318.3	−0.461%	$32K	—	25x	as long as short
SunX XAU-USDT	0.0000%	4h	4,345.8	+0.172%	$92K	$6.0M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,333	−0.122%	$279K	—	250x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0024%	1h	4,335.6	−0.062%	$2.1M	$5.3M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.279%	$619	$54	52x	as long as short
QFEX GOLD-USDlong	+0.0038%	1h	4,338.3	long leg	$6.7M	$3.2M	20x
StandX XAU-USD	+0.0040%	1h	4,337.6	−0.016%	$3.8M	$4.5M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,372.6	+0.791%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,336.9	−0.032%	$292.8M	$53.0M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,336.3	−0.047%	$15.0M	$58.5M	25x	as long as short

Show all 39 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex XAU-USD-PERP	+0.0055%	8h	4,340.4	+0.047%	$2K	$13K	5x	as long as short
RISEx XAU/USDC	+0.0056%	1h	4,336	−0.054%	$4.7M	$13.3M	25x	as long as short
Aster XAUUSD1	+0.0075%	4h	4,342.3	+0.092%	$73.2M	$275.7M	20x	as long as short
Phoenix GOLD	+0.0076%	1h	4,330.5	−0.180%	$43K	$72K	25x	as long as short
Variational Omni XAU	+0.0091%	4h	4,335.3	−0.068%	$47.3M	$29.3M	—	as long as short
Lighter XAU	+0.0096%	1h	4,339.5	+0.027%	$20.3M	$30.7M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,336.3	−0.047%	$1.4M	$1.3M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,330.9	−0.170%	$284K	$223K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,334	−0.099%	$25K	$1K	20x	as long as short
MEXC XAU_USDT	+0.0108%	4h	4,340.4	+0.047%	$366.6M	$369.1M	1000x	as long as short
Binance XAUUSDT	+0.0108%	4h	4,340.2	+0.044%	$443.6M	$2.42B	100x	as long as short
Gate XAU_USDT	+0.0110%	4h	4,342.1	+0.087%	$301.3M	$452.9M	100x	as long as short
Bybit XAUUSDT	+0.0111%	4h	4,341.7	+0.079%	$81.7M	$172.9M	150x	as long as short
GRVT XAU_USDT_Perp	+0.0112%	4h	4,336.8	−0.034%	$1.4M	$3.1M	25x	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,340	+0.039%	$161K	$87	10x	as long as short
edgeX XAUUSDC	+0.0117%	4h	4,331.5	−0.158%	$30.3M	$66.8M	50x	as long as short
Kalshi KXGOLDPERP	+0.0134%	24h	4,340.9	+0.060%	$3.5M	$50.9M	15x	as long as short
Polymarket Perps GOLD-USDshort	+0.0138%	1h	4,340.4	+0.048%	$4.3M	$1.7M	20x
Lighter RH XAU	+0.0152%	1h	4,342.8	+0.103%	$19.7M	$41.3M	25x	as long as short
Extended XAU-USD	+0.0152%	1h	4,337.6	−0.017%	$12.6M	$34.9M	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0188%	1h	4,339.8	+0.035%	$135K	$714K	25x	as long as short
Bullet GOLD-USD	+0.0198%	1h	4,341.3	+0.070%	$59K	$76K	10x	as long as short
Bitget XAUUSDT	+0.0218%	4h	4,340.6	+0.052%	$73.6M	$137.4M	100x	as long as short
Phemex XAUUSDT	+0.0220%	4h	4,341.4	+0.072%	$2.3M	$782K	100x	as long as short
OKX XAU-USDT-SWAP	+0.0242%	8h	4,341.1	+0.065%	$170.9M	$360.1M	100x	as long as short
BloFin XAU-USDT	+0.0349%	4h	4,335.8	−0.059%	$16.3M	$5.3M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0410%	1h	4,338.8	+0.012%	$584K	$165K	25x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0460% / S −0.0308%	1h	4,341.3	+0.070%	$254K	—	111x	as long as short
HTX XAU-USDT	+0.1122%	4h	4,346.9	+0.197%	$3.2M	$7.0M	75x	as long as short