Funding you earn now, next payment 05:00 UTC−0.0065%/8h= −7.1% APRpaid last 24h −0.020%
Price spread now: QFEX against Variational Omni+0.017%47s7-day average −0.038% · 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)−0.042%−$4 on $10k
+Price spread, last 7 days−0.035%−$4 · spread now +0.017%, 7d avg −0.038%
=Together, before fees−0.077%+ Points / potential airdropVariational Omni: Active · farm board−$8 on $10k · with fees, hour by hour
The price spread pays, funding is against you. QFEX is 0.056% dearer against Variational Omni than usual: you sell high and buy low (spread +0.017% now, against its 7-day average of −0.038%): +$6 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.8 days. The two prices were read 47 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 | Variational Omni XAU | 4,343.1 | 0.0107 | pay 0.0053% / 4h | 3h 15m | $48.4M | $27.5M | — |
| Short | QFEX GOLD-USD | 4,343.8 | 0.0042 | get 0.0005% / 1h | 15m 47s | $5.6M | $2.1M | 20x |
Variational Omni XAU
QFEX GOLD-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against Variational Omni. 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
- −$13.68
- Price spread: +0.017% → −0.038%
- $5.55
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$18.13
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 3 min ago; QFEX: live order book, 8 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 Variational Omni RFQ quote, 3 min ago | 1.55 bp | doesn't fit | 1.6 bp −$16 | 3.9 bp −$392 | doesn't fit |
| Sell QFEX live order book, 8 min ago | 1.15 bp | 6.2 bp −$6 | 6.2 bp −$62 | 9.1 bp −$908 | 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 | |
|---|---|---|---|---|---|---|---|---|
| SunX XAU-USDT | 0.0000% | 4h | 4,348.7 | +0.129% | $92K | $8.6M | 20x | as long as short |
| gTrade (Gains Network) XAU/USD | L +0.0002% / S −0.0003% | 1h | 4,339.6 | −0.079% | $271K | — | 250x | as long as short |
| RISEx XAU/USDC | +0.0005% | 1h | 4,344.7 | +0.038% | $3.8M | $12.5M | 25x | as long as short |
| Bluefin GOLD-PERP | +0.0012% | 1h | 4,337.5 | −0.129% | $25K | $14K | 20x | as long as short |
| Extended XAU-USD | +0.0032% | 1h | 4,339.7 | −0.077% | $13.3M | $37.2M | 25x | as long as short |
| Injective XAU/USDC PERP | +0.0033% | 1h | 4,350.4 | +0.170% | $619 | $54 | 52x | as long as short |
| Bybit XAUUSDT | +0.0034% | 4h | 4,345.1 | +0.047% | $80.0M | $152.1M | 150x | as long as short |
| StandX XAU-USD | +0.0040% | 1h | 4,345.5 | +0.056% | $3.8M | $4.5M | 40x | as long as short |
| QFEX GOLD-USDshort | +0.0042% | 1h | 4,343.8 | +0.017% | $5.6M | $2.1M | 20x | |
| Vest GC-PERP | +0.0046% | 1h | 4,376.4 | +0.768% | — | $1.0M | 25x | as long as short |
SunX XAU-USDT
gTrade (Gains Network) XAU/USD
RISEx XAU/USDC
Bluefin GOLD-PERP
Extended XAU-USD
Injective XAU/USDC PERP
Bybit XAUUSDT
StandX XAU-USD
Vest GC-PERPShow all 39 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:GOLD | +0.0050% | 1h | 4,340.7 | −0.054% | $293.6M | $49.2M | 25x | as long as short |
| Ondo Perps XAU-USD.P | +0.0050% | 1h | 4,341.5 | −0.037% | $15.0M | $56.9M | 25x | as long as short |
| Kalshi KXGOLDPERP | +0.0051% | 24h | 4,341.9 | −0.027% | $4.3M | $37.4M | 15x | as long as short |
| Lighter XAU | +0.0056% | 1h | 4,343.1 | 0.000% | $20.7M | $34.7M | 25x | as long as short |
| Hotstuff GOLD-PERP | +0.0056% | 1h | 4,340.6 | −0.057% | $33K | — | 25x | as long as short |
| Coinbase International GOLD-PERP-INTX | +0.0056% | 1h | 4,339.3 | −0.086% | $2.1M | $4.8M | 25x | as long as short |
| Paradex XAU-USD-PERP | +0.0061% | 8h | 4,344 | +0.022% | $19K | $5K | 5x | as long as short |
| Lighter RH XAU | +0.0072% | 1h | 4,345.5 | +0.057% | $20.2M | $40.1M | 25x | as long as short |
| Gate XAU_USDT | +0.0084% | 4h | 4,345.4 | +0.054% | $268.3M | $418.2M | 100x | as long as short |
| Aster XAUUSD1 | +0.0094% | 4h | 4,345.5 | +0.056% | $71.5M | $331.8M | 20x | as long as short |
| Pacifica XAU | +0.0100% | 1h | 4,340.5 | −0.059% | $1.4M | $1.1M | 10x | as long as short |
| ApeX Omni XAUUSDT | +0.0100% | 1h | 4,341.2 | −0.044% | $274K | $203K | 50x | as long as short |
| Variational Omni XAUlong | +0.0107% | 4h | 4,343.1 | long leg | $48.4M | $27.5M | — | |
| Aevo XAU-PERP | +0.0112% | 1h | 4,343.2 | +0.003% | $161K | $87 | 10x | as long as short |
| MEXC XAU_USDT | +0.0118% | 4h | 4,343.8 | +0.018% | $371.5M | $320.9M | 1000x | as long as short |
| Binance XAUUSDT | +0.0119% | 4h | 4,344.1 | +0.025% | $418.4M | $2.09B | 100x | as long as short |
| edgeX XAUUSDC | +0.0129% | 4h | 4,340.2 | −0.066% | $30.2M | $58.2M | 50x | as long as short |
| Phoenix GOLD | +0.0136% | 1h | 4,340.5 | −0.059% | $47K | $77K | 25x | as long as short |
| Deribit GOLD_USDC-PERPETUAL | +0.0165% | 1h | 4,341.8 | −0.029% | $204K | $826K | 25x | as long as short |
| Phemex XAUUSDT | +0.0168% | 4h | 4,346.4 | +0.077% | $2.2M | $967K | 100x | as long as short |
| GRVT XAU_USDT_Perp | +0.0182% | 4h | 4,344.6 | +0.035% | $1.4M | $2.9M | 25x | as long as short |
| Polymarket Perps GOLD-USD | +0.0210% | 1h | 4,343.6 | +0.013% | $4.3M | $2.0M | 20x | as long as short |
| Bullet GOLD-USD | +0.0211% | 1h | 4,343.8 | +0.017% | $59K | $82K | 10x | as long as short |
| Kraken Futures PF_XAUUSD | +0.0259% | 1h | 4,340.8 | −0.053% | $592K | $132K | 25x | as long as short |
| Bitget XAUUSDT | +0.0268% | 4h | 4,344.8 | +0.039% | $71.1M | $109.3M | 100x | as long as short |
| OKX XAU-USDT-SWAP | +0.0327% | 8h | 4,344.6 | +0.036% | $167.1M | $282.7M | 100x | as long as short |
| BloFin XAU-USDT | +0.0359% | 4h | 4,344.2 | +0.027% | $15.7M | $4.4M | 100x | as long as short |
| GMX GOLD/USD [ETH-USDC] | L +0.0427% / S −0.0252% | 1h | 4,343.8 | +0.017% | $250K | — | 111x | as long as short |
| HTX XAU-USDT | +0.0512% | 4h | 4,346.8 | +0.086% | $2.8M | $4.6M | 75x | as long as short |
tradeXYZ xyz:GOLD
Ondo Perps XAU-USD.P
Kalshi KXGOLDPERP
Lighter XAU
Hotstuff GOLD-PERP
Coinbase International GOLD-PERP-INTX
Paradex XAU-USD-PERP
Lighter RH XAU
Gate XAU_USDT
Aster XAUUSD1
Pacifica XAU
ApeX Omni XAUUSDT
Aevo XAU-PERP
MEXC XAU_USDT
Binance XAUUSDT
edgeX XAUUSDC
Phoenix GOLD
Deribit GOLD_USDC-PERPETUAL
Phemex XAUUSDT
GRVT XAU_USDT_Perp
Polymarket Perps GOLD-USD
Bullet GOLD-USD
Kraken Futures PF_XAUUSD
Bitget XAUUSDT
OKX XAU-USDT-SWAP
BloFin XAU-USDT
GMX GOLD/USD [ETH-USDC]
HTX XAU-USDT