Funding you earn now, next payment 00:00 UTC−0.0082%/8h= −9.0% APRnext payment −$0.10 per $10,000 · paid last 24h −0.032%
Price spread now: QFEX against Bullet−0.031%50s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and QFEX is 0.031% cheaper against Bullet than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 50 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 | Bullet GOLD-USD | 4,371.7 | 0.0114 | pay 0.0014% / 1h | 12m 39s | $59K | $81K | 10x |
| Short | QFEX GOLD-USD | 4,370.4 | 0.0032 | get 0.0004% / 1h | 12m 39s | $5.4M | $1.9M | 20x |
Bullet GOLD-USD
QFEX GOLD-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against Bullet. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$17.29
- Price spread: −0.031% → 0.000%
- −$3.08
- Slippage, 4 orders
- no order book: not counted
- Fee Bullet: 4 bp × 2 orders
- −$8
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$38.37
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Bullet: no order-book sample; QFEX: live order book, 6 min ago. Net counts fees only.
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 Bullet no order-book sample | — | — | — | — | — |
| Sell QFEX live order book, 6 min ago | 2.06 bp | 7.1 bp −$7 | 7.1 bp −$71 | 8.4 bp −$837 | 14.6 bp −$7,324 |
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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bluefin GOLD-PERP | −0.0243% | 1h | 4,363.2 | −0.196% | $26K | $22K | 20x | as long as short |
| Phoenix GOLD | −0.0004% | 1h | 4,370.3 | −0.033% | $48K | $65K | 25x | as long as short |
| Aster XAUUSD1 | 0.0000% | 4h | 4,370.9 | −0.019% | $71.9M | $224.5M | 20x | as long as short |
| Binance XAUUSDT | 0.0000% | 4h | 4,370.9 | −0.020% | $410.8M | $2.14B | 100x | as long as short |
| Bybit XAUUSDT | 0.0000% | 4h | 4,371.3 | −0.010% | $82.7M | $142.5M | 150x | as long as short |
| RISEx XAU/USDC | 0.0000% | 1h | 4,370.9 | −0.020% | $3.4M | $12.3M | 25x | as long as short |
| Gate XAU_USDT | 0.0000% | 4h | 4,371.6 | −0.004% | $267.5M | $418.0M | 100x | as long as short |
| MEXC XAU_USDT | 0.0000% | 4h | 4,371 | −0.017% | $376.2M | $324.3M | 1000x | as long as short |
| Bitget XAUUSDT | 0.0000% | 4h | 4,371.2 | −0.013% | $69.6M | $113.3M | 100x | as long as short |
| Variational Omni XAU | 0.0000% | 4h | 4,370.5 | −0.029% | $48.5M | $29.3M | — | as long as short |
Bluefin GOLD-PERP
Phoenix GOLD
Aster XAUUSD1
Binance XAUUSDT
Bybit XAUUSDT
RISEx XAU/USDC
Gate XAU_USDT
MEXC XAU_USDT
Bitget XAUUSDT
Variational Omni XAUShow all 39 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT XAU_USDT_Perp | 0.0000% | 4h | 4,371 | −0.016% | $1.4M | $3.1M | 25x | as long as short |
| Kalshi KXGOLDPERP | 0.0000% | 24h | 4,369 | −0.063% | $4.0M | $36.2M | 15x | as long as short |
| SunX XAU-USDT | 0.0000% | 4h | 4,376.1 | +0.099% | $93K | $10.5M | 20x | as long as short |
| edgeX XAUUSDC | +0.0001% | 4h | 4,365.2 | −0.149% | $30.4M | $59.4M | 50x | as long as short |
| gTrade (Gains Network) XAU/USD | L +0.0002% / S −0.0003% | 1h | 4,367.4 | −0.100% | $268K | — | 250x | as long as short |
| Hotstuff GOLD-PERP | +0.0008% | 1h | 4,367.6 | −0.095% | $33K | — | 25x | as long as short |
| QFEX GOLD-USDshort | +0.0032% | 1h | 4,370.4 | −0.031% | $5.4M | $1.9M | 20x | |
| Injective XAU/USDC PERP | +0.0033% | 1h | 4,350.4 | −0.488% | $619 | $54 | 52x | as long as short |
| Lighter XAU | +0.0040% | 1h | 4,369.9 | −0.042% | $20.7M | $44.9M | 25x | as long as short |
| StandX XAU-USD | +0.0040% | 1h | 4,371.9 | +0.004% | $3.8M | $4.7M | 40x | as long as short |
| Vest GC-PERP | +0.0046% | 1h | 4,405.8 | +0.779% | — | $1.0M | 25x | as long as short |
| tradeXYZ xyz:GOLD | +0.0050% | 1h | 4,367.7 | −0.093% | $294.3M | $52.5M | 25x | as long as short |
| Ondo Perps XAU-USD.P | +0.0050% | 1h | 4,367 | −0.109% | $14.7M | $57.0M | 25x | as long as short |
| Paradex XAU-USD-PERP | +0.0056% | 8h | 4,370.7 | −0.023% | $19K | $5K | 5x | as long as short |
| Lighter RH XAU | +0.0056% | 1h | 4,372.5 | +0.017% | $20.2M | $42.3M | 25x | as long as short |
| Extended XAU-USD | +0.0072% | 1h | 4,367 | −0.109% | $13.1M | $45.4M | 25x | as long as short |
| Aevo XAU-PERP | +0.0080% | 1h | 4,370.1 | −0.037% | $162K | $87 | 10x | as long as short |
| Pacifica XAU | +0.0100% | 1h | 4,367.9 | −0.088% | $1.4M | $1.2M | 10x | as long as short |
| ApeX Omni XAUUSDT | +0.0100% | 1h | 4,368.2 | −0.082% | $277K | $204K | 50x | as long as short |
| Polymarket Perps GOLD-USD | +0.0106% | 1h | 4,371.2 | −0.012% | $4.3M | $1.8M | 20x | as long as short |
| Bullet GOLD-USDlong | +0.0114% | 1h | 4,371.7 | long leg | $59K | $81K | 10x | |
| Coinbase International GOLD-PERP-INTX | +0.0152% | 1h | 4,369.3 | −0.056% | $2.0M | $5.1M | 25x | as long as short |
| OKX XAU-USDT-SWAP | +0.0163% | 8h | 4,371.7 | −0.001% | $158.6M | $274.2M | 100x | as long as short |
| HTX XAU-USDT | +0.0194% | 4h | 4,376.4 | +0.107% | $2.9M | $3.8M | 75x | as long as short |
| Kraken Futures PF_XAUUSD | +0.0219% | 1h | 4,368.7 | −0.070% | $603K | $137K | 25x | as long as short |
| BloFin XAU-USDT | +0.0240% | 4h | 4,371.6 | −0.003% | $14.8M | $4.5M | 100x | as long as short |
| Deribit GOLD_USDC-PERPETUAL | +0.0300% | 1h | 4,370 | −0.040% | $235K | $736K | 25x | as long as short |
| Phemex XAUUSDT | +0.0316% | 4h | 4,374.2 | +0.057% | $2.2M | $1.1M | 100x | as long as short |
| GMX GOLD/USD [ETH-USDC] | L +0.0390% / S −0.0197% | 1h | 4,371.6 | −0.003% | $252K | — | 111x | as long as short |
GRVT XAU_USDT_Perp
Kalshi KXGOLDPERP
SunX XAU-USDT
edgeX XAUUSDC
gTrade (Gains Network) XAU/USD
Hotstuff GOLD-PERP
Injective XAU/USDC PERP
Lighter XAU
StandX XAU-USD
Vest GC-PERP
tradeXYZ xyz:GOLD
Ondo Perps XAU-USD.P
Paradex XAU-USD-PERP
Lighter RH XAU
Extended XAU-USD
Aevo XAU-PERP
Pacifica XAU
ApeX Omni XAUUSDT
Polymarket Perps GOLD-USD
Coinbase International GOLD-PERP-INTX
OKX XAU-USDT-SWAP
HTX XAU-USDT
Kraken Futures PF_XAUUSD
BloFin XAU-USDT
Deribit GOLD_USDC-PERPETUAL
Phemex XAUUSDT
GMX GOLD/USD [ETH-USDC]