Funding you earn now, next payment 03:00 UTC+0.0013%/8h= +1.4% APRnext payment +$0.02 per $10,000 · paid last 24h +0.001%
Price spread now: QFEX against Injective+0.025%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 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 for this trade now. Funding pays $0 a day on $10k at the current rate, and QFEX is 0.025% dearer against Injective than usual: you sell high and buy low: +$2 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective XAU/USDC PERP | 4,350.4 | 0.0033 | pay 0.0004% / 1h | 51m 49s | $619 | $54 | 52x |
| Short | QFEX GOLD-USD | 4,351.5 | 0.0046 | get 0.0006% / 1h | 51m 49s | $5.6M | $1.9M | 20x |
Injective XAU/USDC PERP
QFEX GOLD-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against Injective. 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
- $2.66
- Price spread: +0.025% → 0.000%
- $2.48
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$4.88
- Costs to cover
- 0.100%
- Break-even
- 19.8 days
Slippage unknown: Injective: no order-book sample; QFEX: live order book, 12 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 Injective no order-book sample | — | — | — | — | — |
| Sell QFEX live order book, 12 min ago | 2.41 bp | 7.4 bp −$7 | 7.4 bp −$74 | 9.9 bp −$986 | doesn't fit |
Injective: 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 | |
|---|---|---|---|---|---|---|---|---|
| Bluefin GOLD-PERP | −0.0131% | 1h | 4,344.6 | −0.134% | $25K | $14K | 20x | as long as short |
| Gate XAU_USDT | 0.0000% | 4h | 4,351.9 | +0.034% | $262.4M | $405.4M | 100x | as long as short |
| SunX XAU-USDT | 0.0000% | 4h | 4,356.8 | +0.147% | $93K | $9.4M | 20x | as long as short |
| gTrade (Gains Network) XAU/USD | L +0.0002% / S −0.0003% | 1h | 4,347.1 | −0.077% | $269K | — | 250x | as long as short |
| RISEx XAU/USDC | +0.0010% | 1h | 4,352.6 | +0.050% | $3.4M | $12.4M | 25x | as long as short |
| Lighter XAU | +0.0032% | 1h | 4,349.4 | −0.024% | $20.6M | $41.8M | 25x | as long as short |
| Extended XAU-USD | +0.0032% | 1h | 4,345.9 | −0.104% | $13.5M | $40.5M | 25x | as long as short |
| Injective XAU/USDC PERPlong | +0.0033% | 1h | 4,350.4 | long leg | $619 | $54 | 52x | |
| Kalshi KXGOLDPERP | +0.0037% | 24h | 4,349.3 | −0.026% | $4.1M | $36.2M | 15x | as long as short |
| StandX XAU-USD | +0.0040% | 1h | 4,354.8 | +0.101% | $3.8M | $4.6M | 40x | as long as short |
Bluefin GOLD-PERP
Gate XAU_USDT
SunX XAU-USDT
gTrade (Gains Network) XAU/USD
RISEx XAU/USDC
Lighter XAU
Extended XAU-USD
Kalshi KXGOLDPERP
StandX XAU-USDShow all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest GC-PERP | +0.0046% | 1h | 4,386 | +0.818% | — | $1.0M | 25x | as long as short |
| QFEX GOLD-USDshort | +0.0046% | 1h | 4,351.5 | +0.025% | $5.6M | $1.9M | 20x | |
| Coinbase International GOLD-PERP-INTX | +0.0048% | 1h | 4,348.4 | −0.046% | $2.0M | $4.9M | 25x | as long as short |
| tradeXYZ xyz:GOLD | +0.0050% | 1h | 4,346.5 | −0.090% | $293.3M | $48.6M | 25x | as long as short |
| Ondo Perps XAU-USD.P | +0.0050% | 1h | 4,349.5 | −0.021% | $15.1M | $57.9M | 25x | as long as short |
| Aster XAUUSD1 | +0.0061% | 4h | 4,351.7 | +0.029% | $70.1M | $328.5M | 20x | as long as short |
| Lighter RH XAU | +0.0064% | 1h | 4,352.1 | +0.038% | $20.1M | $39.3M | 25x | as long as short |
| Paradex XAU-USD-PERP | +0.0085% | 8h | 4,352.3 | +0.044% | $19K | $5K | 5x | as long as short |
| Pacifica XAU | +0.0100% | 1h | 4,349.2 | −0.028% | $1.4M | $1.2M | 10x | as long as short |
| ApeX Omni XAUUSDT | +0.0100% | 1h | 4,351.3 | +0.021% | $275K | $204K | 50x | as long as short |
| Polymarket Perps GOLD-USD | +0.0101% | 1h | 4,351.6 | +0.027% | $4.3M | $1.9M | 20x | as long as short |
| Hotstuff GOLD-PERP | +0.0104% | 1h | 4,352.8 | +0.055% | $33K | — | 25x | as long as short |
| Variational Omni XAU | +0.0107% | 4h | 4,352.3 | +0.043% | $48.3M | $28.1M | — | as long as short |
| Aevo XAU-PERP | +0.0112% | 1h | 4,351.8 | +0.031% | $161K | $87 | 10x | as long as short |
| MEXC XAU_USDT | +0.0118% | 4h | 4,350.2 | −0.004% | $371.7M | $315.4M | 1000x | as long as short |
| Binance XAUUSDT | +0.0118% | 4h | 4,350.8 | +0.009% | $410.4M | $2.09B | 100x | as long as short |
| edgeX XAUUSDC | +0.0121% | 4h | 4,347.1 | −0.077% | $30.3M | $58.7M | 50x | as long as short |
| GRVT XAU_USDT_Perp | +0.0136% | 4h | 4,354 | +0.083% | $1.4M | $3.0M | 25x | as long as short |
| Phoenix GOLD | +0.0136% | 1h | 4,352 | +0.036% | $48K | $77K | 25x | as long as short |
| Bullet GOLD-USD | +0.0190% | 1h | 4,351.4 | +0.023% | $59K | $83K | 10x | as long as short |
| Bybit XAUUSDT | +0.0207% | 4h | 4,351.7 | +0.029% | $84.0M | $145.0M | 150x | as long as short |
| Bitget XAUUSDT | +0.0210% | 4h | 4,350.6 | +0.004% | $69.6M | $109.1M | 100x | as long as short |
| OKX XAU-USDT-SWAP | +0.0249% | 8h | 4,351.5 | +0.025% | $164.6M | $282.0M | 100x | as long as short |
| Deribit GOLD_USDC-PERPETUAL | +0.0256% | 1h | 4,349.8 | −0.014% | $259K | $702K | 25x | as long as short |
| Kraken Futures PF_XAUUSD | +0.0269% | 1h | 4,348.8 | −0.037% | $593K | $133K | 25x | as long as short |
| Phemex XAUUSDT | +0.0316% | 4h | 4,353.3 | +0.065% | $2.2M | $1.1M | 100x | as long as short |
| GMX GOLD/USD [ETH-USDC] | L +0.0397% / S −0.0207% | 1h | 4,351.3 | +0.021% | $251K | — | 111x | as long as short |
| HTX XAU-USDT | +0.0612% | 4h | 4,358.5 | +0.186% | $2.9M | $4.2M | 75x | as long as short |
Vest GC-PERP
Coinbase International GOLD-PERP-INTX
tradeXYZ xyz:GOLD
Ondo Perps XAU-USD.P
Aster XAUUSD1
Lighter RH XAU
Paradex XAU-USD-PERP
Pacifica XAU
ApeX Omni XAUUSDT
Polymarket Perps GOLD-USD
Hotstuff GOLD-PERP
Variational Omni XAU
Aevo XAU-PERP
MEXC XAU_USDT
Binance XAUUSDT
edgeX XAUUSDC
GRVT XAU_USDT_Perp
Phoenix GOLD
Bullet GOLD-USD
Bybit XAUUSDT
Bitget XAUUSDT
OKX XAU-USDT-SWAP
Deribit GOLD_USDC-PERPETUAL
Kraken Futures PF_XAUUSD
Phemex XAUUSDT
GMX GOLD/USD [ETH-USDC]
HTX XAU-USDT