XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0343%/8h= −37.5% APRnext payment −$0.43 per $10,000 · paid last 24h −0.090%

Price spread now: QFEX against GMX−0.066%7-day average −0.020% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on GMX Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.331%−$33 on $10k

Price spread, last 3 days (all we have)+0.037%+$4 · spread now −0.066%, 7d avg −0.020%

Together, before fees−0.293%−$29 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and QFEX is 0.046% cheaper against GMX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.020%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX GOLD/USD [ETH-USDC]	4,361	L +0.0394% / S −0.0199%	pay 0.0049% / 1h	33m 54s	$253K	—	111x
Short	QFEX GOLD-USD	4,358.1	0.0051	get 0.0006% / 1h	33m 54s	$5.6M	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against GMX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 GMXbpFee QFEXbpOrdersPrice spread, now −0.066%Rate

Funding earned: −$71.98
Price spread: −0.066% → −0.020%: −$4.59
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$98.57
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; QFEX: live order book, 5 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 GMX no order-book sample	—	—	—	—	—
Sell QFEX live order book, 5 min ago	2.30 bp	7.3 bp −$7	7.3 bp −$73	10.8 bp −$1,078	doesn't fit

GMX: 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: 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	0.0000%	1h	4,357	−0.092%	$33K	—	25x	as long as short
Gate XAU_USDT	0.0000%	4h	4,363.7	+0.063%	$263.0M	$409.0M	100x	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,358.1	−0.066%	$4.1M	$36.3M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,363.9	+0.067%	$93K	$9.7M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,357.8	−0.074%	$270K	—	250x	as long as short
Aster XAUUSD1	+0.0004%	4h	4,362.1	+0.026%	$70.2M	$293.3M	20x	as long as short
Extended XAU-USD	+0.0032%	1h	4,358	−0.070%	$13.6M	$42.9M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.242%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,360.5	−0.011%	$3.8M	$4.7M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,394.1	+0.759%	—	$1.0M	25x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XAU	+0.0048%	1h	4,360.7	−0.007%	$20.7M	$43.5M	25x	as long as short
Lighter RH XAU	+0.0048%	1h	4,363	+0.047%	$20.1M	$40.8M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,358.8	−0.050%	$294.3M	$48.5M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,356	−0.115%	$14.9M	$57.9M	25x	as long as short
QFEX GOLD-USDshort	+0.0051%	1h	4,358.1	−0.066%	$5.6M	$1.9M	20x
Polymarket Perps GOLD-USD	+0.0059%	1h	4,359.6	−0.032%	$4.3M	$1.9M	20x	as long as short
Variational Omni XAU	+0.0069%	4h	4,356.5	−0.103%	$48.3M	$28.4M	—	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,354.9	−0.140%	$2.0M	$5.0M	25x	as long as short
Paradex XAU-USD-PERP	+0.0082%	8h	4,359.2	−0.042%	$19K	$5K	5x	as long as short
edgeX XAUUSDC	+0.0084%	4h	4,350.2	−0.248%	$30.3M	$60.6M	50x	as long as short
MEXC XAU_USDT	+0.0086%	4h	4,361	0.000%	$374.1M	$322.5M	1000x	as long as short
Binance XAUUSDT	+0.0088%	4h	4,361.2	+0.004%	$409.9M	$2.10B	100x	as long as short
Pacifica XAU	+0.0100%	1h	4,356	−0.115%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,352.6	−0.193%	$275K	$204K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,353.7	−0.167%	$26K	$14K	20x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,360.1	−0.022%	$161K	$87	10x	as long as short
Phoenix GOLD	+0.0121%	1h	4,355.1	−0.135%	$48K	$64K	25x	as long as short
RISEx XAU/USDC	+0.0135%	1h	4,359.3	−0.039%	$3.4M	$12.4M	25x	as long as short
GRVT XAU_USDT_Perp	+0.0136%	4h	4,357.5	−0.080%	$1.4M	$2.9M	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0140%	1h	4,360	−0.023%	$235K	$662K	25x	as long as short
Bullet GOLD-USD	+0.0155%	1h	4,360.5	−0.011%	$59K	$83K	10x	as long as short
Bitget XAUUSDT	+0.0156%	4h	4,362.2	+0.027%	$69.4M	$109.9M	100x	as long as short
Bybit XAUUSDT	+0.0181%	4h	4,362	+0.024%	$84.1M	$144.1M	150x	as long as short
OKX XAU-USDT-SWAP	+0.0227%	8h	4,362.8	+0.041%	$165.1M	$284.4M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0269%	1h	4,358	−0.069%	$594K	$141K	25x	as long as short
Phemex XAUUSDT	+0.0357%	4h	4,362.2	+0.027%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]long	L +0.0394% / S −0.0199%	1h	4,361	long leg	$253K	—	111x
HTX XAU-USDT	+0.0518%	4h	4,365	+0.091%	$2.9M	$3.9M	75x	as long as short