Settings8H · net · $10k
Funding arb · Price arb /

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0084%/8h= +9.2% APRnext payment +$0.11 per $10,000 · paid last 24h +0.032%
Price spread now: Bullet against QFEX+0.013%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongQFEX GOLD-USD4,370.40.0032pay 0.0004% / 1h12m 25s$5.4M$1.9M20x
ShortBullet GOLD-USD4,3710.0116get 0.0014% / 1h12m 25s$59K$81K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bullet 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

Funding earned
$17.71
Price spread: +0.013% → 0.000%
$1.32
Slippage, 4 orders
no order book: not counted
Fee QFEX: 5 bp × 2 orders
−$10
Fee Bullet: 4 bp × 2 orders
−$8
Net
$1.03
Costs to cover
0.180%
Break-even
6.6 days
Slippage unknown: QFEX: live order book, 6 min ago; Bullet: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy QFEX live order book, 6 min ago2.06 bp7.1 bp −$77.1 bp −$719.3 bp −$93215.3 bp −$7,668
Sell Bullet no order-book sample
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bluefin GOLD-PERP−0.0246%1h4,363.2−0.165%$26K$22K20xas long as short
Phoenix GOLD−0.0004%1h4,370.3−0.002%$48K$65K25xas long as short
Aster XAUUSD10.0000%4h4,371+0.014%$71.9M$224.5M20xas long as short
Binance XAUUSDT0.0000%4h4,370.9+0.011%$410.8M$2.14B100xas long as short
Bybit XAUUSDT0.0000%4h4,371.3+0.020%$82.7M$142.5M150xas long as short
RISEx XAU/USDC0.0000%1h4,370.9+0.011%$3.4M$12.3M25xas long as short
Gate XAU_USDT0.0000%4h4,371.6+0.027%$267.7M$418.0M100xas long as short
MEXC XAU_USDT0.0000%4h4,370.9+0.011%$376.2M$324.3M1000xas long as short
Bitget XAUUSDT0.0000%4h4,371+0.014%$69.6M$113.3M100xas long as short
Variational Omni XAU0.0000%4h4,370.5+0.002%$48.5M$29.3Mas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT XAU_USDT_Perp0.0000%4h4,371+0.014%$1.4M$3.1M25xas long as short
Kalshi KXGOLDPERP0.0000%24h4,369−0.032%$4.0M$36.2M15xas long as short
SunX XAU-USDT0.0000%4h4,376.1+0.130%$93K$10.5M20xas long as short
edgeX XAUUSDC+0.0001%4h4,365.2−0.118%$30.4M$59.4M50xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,366.8−0.081%$268K250xas long as short
Hotstuff GOLD-PERP+0.0008%1h4,367.6−0.064%$33K25xas long as short
QFEX GOLD-USDlong+0.0032%1h4,370.4long leg$5.4M$1.9M20x
Injective XAU/USDC PERP+0.0033%1h4,350.4−0.457%$619$5452xas long as short
Lighter XAU+0.0040%1h4,369.9−0.011%$20.7M$44.9M25xas long as short
StandX XAU-USD+0.0040%1h4,371.9+0.034%$3.8M$4.7M40xas long as short
Vest GC-PERP+0.0046%1h4,405.2+0.796%$1.0M25xas long as short
tradeXYZ xyz:GOLD+0.0050%1h4,367.2−0.073%$294.2M$52.5M25xas long as short
Ondo Perps XAU-USD.P+0.0050%1h4,367−0.078%$14.7M$57.0M25xas long as short
Paradex XAU-USD-PERP+0.0056%8h4,370.7+0.007%$19K$5K5xas long as short
Lighter RH XAU+0.0056%1h4,372.5+0.047%$20.2M$42.3M25xas long as short
Extended XAU-USD+0.0072%1h4,367−0.078%$13.1M$45.4M25xas long as short
Aevo XAU-PERP+0.0080%1h4,370.1−0.007%$162K$8710xas long as short
Pacifica XAU+0.0100%1h4,367.9−0.057%$1.4M$1.2M10xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,368.2−0.051%$277K$204K50xas long as short
Polymarket Perps GOLD-USD+0.0107%1h4,370.40.000%$4.3M$1.8M20xas long as short
Bullet GOLD-USDshort+0.0116%1h4,371+0.013%$59K$81K10x
Coinbase International GOLD-PERP-INTX+0.0152%1h4,369.3−0.025%$2.0M$5.1M25xas long as short
OKX XAU-USDT-SWAP+0.0163%8h4,371.6+0.027%$158.6M$274.2M100xas long as short
HTX XAU-USDT+0.0194%4h4,376.4+0.138%$2.9M$3.8M75xas long as short
Kraken Futures PF_XAUUSD+0.0219%1h4,368.7−0.039%$603K$137K25xas long as short
BloFin XAU-USDT+0.0240%4h4,371.6+0.028%$14.8M$4.5M100xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0300%1h4,370−0.009%$235K$736K25xas long as short
Phemex XAUUSDT+0.0316%4h4,374.2+0.088%$2.2M$1.1M100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0390% / S −0.0197%1h4,371.6+0.028%$252K111xas long as short