XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0059%/8h= −6.5% APRnext payment −$0.07 per $10,000 · paid last 24h −0.017%

Price spread now: QFEX against ApeX Omni−0.002%7-day average +0.030% · 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−$49as in the Price arb table

costs, in and out, $10k−$460.457% of the position

Long on ApeX Omni Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.090%−$9 on $10k

Price spread, last 4 days (all we have)+0.045%+$5 · spread now −0.002%, 7d avg +0.030%

Together, before fees−0.045%−$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and QFEX is 0.032% cheaper against ApeX Omni than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.030%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni XAUUSDT	4,334	0.0100	pay 0.0013% / 1h	43m 37s	$284K	$223K	50x
Short	QFEX GOLD-USD	4,333.9	0.0041	get 0.0005% / 1h	43m 37s	$6.7M	$3.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against ApeX Omni. 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 ApeX OmnibpFee QFEXbpOrdersPrice spread, now −0.002%Rate

Funding earned: −$12.4
Price spread: −0.002% → +0.030%: −$3.19
Slippage, 4 orders: −$25.71
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$61.3
Costs to cover: 0.457%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 2 min ago; QFEX: live order book, 3 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 ApeX Omni live order book, 2 min ago	5.72 bp	15.0 bp −$15	26.0 bp −$260	35.5 bp −$3,545	doesn't fit
Sell QFEX live order book, 3 min ago	2.31 bp	7.3 bp −$7	7.3 bp −$73	10.2 bp −$1,023	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	−3.2000%	1h	4,318.3	−0.362%	$32K	—	25x	as long as short
SunX XAU-USDT	0.0000%	4h	4,338.7	+0.108%	$92K	$5.9M	20x	as long as short
Coinbase International GOLD-PERP-INTX	0.0000%	1h	4,330.5	−0.081%	$2.1M	$5.2M	25x	as long as short
Bluefin GOLD-PERP	+0.0002%	1h	4,328.9	−0.119%	$25K	$1K	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,331.8	−0.051%	$304K	—	250x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.379%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,335.5	+0.035%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USDshort	+0.0041%	1h	4,333.9	−0.002%	$6.7M	$3.2M	20x
Vest GC-PERP	+0.0046%	1h	4,368.2	+0.789%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,331.5	−0.058%	$292.4M	$51.6M	25x	as long as short

Show all 39 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps XAU-USD.P	+0.0050%	1h	4,330.2	−0.087%	$15.1M	$59.5M	25x	as long as short
Paradex XAU-USD-PERP	+0.0054%	8h	4,334.5	+0.012%	$2K	$13K	5x	as long as short
Aster XAUUSD1	+0.0054%	4h	4,336.2	+0.050%	$72.3M	$276.0M	20x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0073%	1h	4,334.5	+0.012%	$135K	$707K	25x	as long as short
Variational Omni XAU	+0.0074%	4h	4,333.5	−0.010%	$47.3M	$29.2M	—	as long as short
Polymarket Perps GOLD-USD	+0.0074%	1h	4,334.2	+0.005%	$4.3M	$1.7M	20x	as long as short
Gate XAU_USDT	+0.0076%	4h	4,336.3	+0.054%	$298.2M	$445.0M	100x	as long as short
Lighter XAU	+0.0080%	1h	4,334.1	+0.002%	$20.2M	$30.4M	25x	as long as short
Lighter RH XAU	+0.0088%	1h	4,336.3	+0.053%	$19.6M	$40.0M	25x	as long as short
Binance XAUUSDT	+0.0092%	4h	4,334.6	+0.014%	$442.6M	$2.43B	100x	as long as short
MEXC XAU_USDT	+0.0094%	4h	4,334.6	+0.014%	$367.1M	$353.2M	1000x	as long as short
GRVT XAU_USDT_Perp	+0.0094%	4h	4,336.8	+0.064%	$1.4M	$3.1M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,331.2	−0.066%	$1.4M	$1.3M	10x	as long as short
ApeX Omni XAUUSDTlong	+0.0100%	1h	4,334	long leg	$284K	$223K	50x
Aevo XAU-PERP	+0.0104%	1h	4,334.3	+0.007%	$161K	$87	10x	as long as short
edgeX XAUUSDC	+0.0108%	4h	4,330.5	−0.081%	$30.3M	$67.7M	50x	as long as short
Extended XAU-USD	+0.0120%	1h	4,331.1	−0.067%	$12.5M	$34.6M	25x	as long as short
Bybit XAUUSDT	+0.0122%	4h	4,336.4	+0.056%	$82.8M	$172.2M	150x	as long as short
Phoenix GOLD	+0.0127%	1h	4,334.2	+0.005%	$43K	$71K	25x	as long as short
Kalshi KXGOLDPERP	+0.0137%	24h	4,336.4	+0.055%	$3.5M	$51.1M	15x	as long as short
Bullet GOLD-USD	+0.0165%	1h	4,335.2	+0.027%	$59K	$76K	10x	as long as short
RISEx XAU/USDC	+0.0205%	1h	4,334.8	+0.019%	$4.7M	$13.2M	25x	as long as short
Bitget XAUUSDT	+0.0210%	4h	4,335	+0.023%	$72.8M	$139.5M	100x	as long as short
Phemex XAUUSDT	+0.0227%	4h	4,338.4	+0.101%	$2.3M	$772K	100x	as long as short
OKX XAU-USDT-SWAP	+0.0237%	8h	4,336	+0.046%	$170.7M	$361.4M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0253%	1h	4,332.3	−0.040%	$583K	$169K	25x	as long as short
BloFin XAU-USDT	+0.0336%	4h	4,334.8	+0.019%	$16.3M	$5.3M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0460% / S −0.0308%	1h	4,334.8	+0.019%	$253K	—	111x	as long as short
HTX XAU-USDT	+0.1076%	4h	4,341.1	+0.165%	$3.2M	$7.1M	75x	as long as short