XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0120%/8h= +13.2% APRnext payment +$0.15 per $10,000 · paid last 24h +0.014%

Price spread now: Coinbase International against QFEX−0.041%7-day average −0.087% · 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−$21as in the Price arb table

costs, in and out, $10k−$250.254% of the position

Long on QFEX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.467%+$47 on $10k

Price spread, last 3 days (all we have)+0.005%$0 · spread now −0.041%, 7d avg −0.087%

Together, before fees+0.472%+$47 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Coinbase International is 0.046% dearer against QFEX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.087%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX GOLD-USD	4,371.1	0.0032	pay 0.0004% / 1h	14m 01s	$5.4M	$1.9M	20x
Short	Coinbase International GOLD-PERP-INTX	4,369.3	0.0152	get 0.0019% / 1h	14m 01s	$2.0M	$5.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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

Position, each leg$Hold fordaysFee QFEXbpFee Coinbase InternationalbpOrdersPrice spread, now −0.041%Rate

Funding earned: $25.3
Price spread: −0.041% → −0.087%: $4.6
Slippage, 4 orders: −$5.38
Fee QFEX: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $4.52
Costs to cover: 0.254%
Break-even: 5.7 days

Slippage from QFEX: live order book, 5 min ago; Coinbase International: live order book, 5 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 QFEX live order book, 5 min ago	2.06 bp	7.1 bp −$7	7.1 bp −$71	9.3 bp −$932	15.3 bp −$7,668
Sell Coinbase International live order book, 5 min ago	0.11 bp	5.5 bp −$6	7.6 bp −$76	doesn't fit	doesn't fit

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	−0.0238%	1h	4,363.2	−0.181%	$26K	$22K	20x	as long as short
Phoenix GOLD	−0.0004%	1h	4,370.3	−0.018%	$48K	$65K	25x	as long as short
Aster XAUUSD1	0.0000%	4h	4,371.7	+0.013%	$71.9M	$224.8M	20x	as long as short
Binance XAUUSDT	0.0000%	4h	4,371.3	+0.004%	$410.8M	$2.14B	100x	as long as short
Bybit XAUUSDT	0.0000%	4h	4,372.3	+0.027%	$82.8M	$142.6M	150x	as long as short
RISEx XAU/USDC	0.0000%	1h	4,372.3	+0.028%	$3.4M	$12.3M	25x	as long as short
Gate XAU_USDT	0.0000%	4h	4,371.9	+0.018%	$267.5M	$417.8M	100x	as long as short
MEXC XAU_USDT	0.0000%	4h	4,371.1	+0.001%	$376.3M	$324.2M	1000x	as long as short
Bitget XAUUSDT	0.0000%	4h	4,371.5	+0.009%	$69.6M	$113.3M	100x	as long as short
Variational Omni XAU	0.0000%	4h	4,370.5	−0.014%	$48.5M	$29.3M	—	as long as short

Show 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	−0.002%	$1.4M	$3.1M	25x	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,369.1	−0.046%	$4.0M	$36.3M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,375.5	+0.100%	$93K	$10.5M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,367.2	−0.090%	$268K	—	250x	as long as short
edgeX XAUUSDC	+0.0009%	4h	4,365.9	−0.120%	$30.4M	$59.4M	50x	as long as short
QFEX GOLD-USDlong	+0.0032%	1h	4,371.1	long leg	$5.4M	$1.9M	20x
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.473%	$619	$54	52x	as long as short
Lighter XAU	+0.0040%	1h	4,370.1	−0.022%	$20.7M	$44.9M	25x	as long as short
StandX XAU-USD	+0.0040%	1h	4,371.4	+0.007%	$3.8M	$4.7M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,405.7	+0.792%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,367.6	−0.080%	$294.3M	$52.5M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,368.6	−0.057%	$14.7M	$57.0M	25x	as long as short
Paradex XAU-USD-PERP	+0.0055%	8h	4,372.4	+0.031%	$19K	$5K	5x	as long as short
Lighter RH XAU	+0.0056%	1h	4,372.8	+0.039%	$20.2M	$42.3M	25x	as long as short
Extended XAU-USD	+0.0064%	1h	4,367.6	−0.081%	$13.1M	$45.5M	25x	as long as short
Hotstuff GOLD-PERP	+0.0064%	1h	4,368.4	−0.062%	$33K	—	25x	as long as short
Aevo XAU-PERP	+0.0080%	1h	4,370.7	−0.010%	$162K	$87	10x	as long as short
Pacifica XAU	+0.0100%	1h	4,368.5	−0.059%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,368.6	−0.058%	$277K	$204K	50x	as long as short
Polymarket Perps GOLD-USD	+0.0105%	1h	4,370.8	−0.007%	$4.3M	$1.8M	20x	as long as short
Bullet GOLD-USD	+0.0112%	1h	4,371.2	+0.003%	$59K	$81K	10x	as long as short
Coinbase International GOLD-PERP-INTXshort	+0.0152%	1h	4,369.3	−0.041%	$2.0M	$5.1M	25x
OKX XAU-USDT-SWAP	+0.0162%	8h	4,372.1	+0.023%	$158.6M	$274.6M	100x	as long as short
HTX XAU-USDT	+0.0191%	4h	4,377.4	+0.144%	$2.9M	$3.8M	75x	as long as short
Kraken Futures PF_XAUUSD	+0.0219%	1h	4,368.6	−0.057%	$603K	$137K	25x	as long as short
BloFin XAU-USDT	+0.0240%	4h	4,370.9	−0.005%	$14.8M	$4.5M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0254%	1h	4,370	−0.025%	$235K	$736K	25x	as long as short
Phemex XAUUSDT	+0.0314%	4h	4,371	−0.002%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0389% / S −0.0197%	1h	4,371.2	+0.001%	$252K	—	111x	as long as short