data as of
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Price arb /

XAU

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$79
spread now+0.131%7d average+0.068%fees + slippage, in and out−$85spread needed0.850%
Long on ApeX OmniShort on Phemex
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni XAUUSDT4,345.40.0100pay 0.0013% / 1h9m 06s$273K$203K50x
ShortPhemex XAUUSDT4,351.10.0313get 0.0156% / 4h3h 09m$2.2M$1.0M100x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
$13.09
Funding while held
$6.38
Slippage, 4 orders
−$63.03
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Phemex: 6 bp × 2 orders
−$12
Net
−$65.56
Spread needed to break even
0.850%
Slippage from ApeX Omni: live order book, 35 min ago; Phemex: live order book, 6 min ago.

Cost of waiting

funding view
Funding /8h
+0.0213%
Per $10,000 a day
+$6.38
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 35 min ago3.49 bp16.3 bp −$1631.0 bp −$31039.6 bp −$3,960doesn't fit
Sell Phemex live order book, 6 min ago1.26 bp26.2 bp −$26doesn't fitdoesn't fitdoesn't fit

XAU price on every exchange

against the cheapest. Click to use as the short leg.
Bluefin4,343.2cheapestedgeX4,344.3+0.025%
ApeX Omni4,345.4+0.050%
Hotstuff4,346+0.064%Ondo Perps4,346+0.065%Kalshi4,346.1+0.067%Phoenix4,346.1+0.067%gTrade (Gains Network)4,346.5+0.076%Extended4,346.6+0.078%Coinbase International4,346.9+0.085%Pacifica4,347+0.087%tradeXYZ4,347.1+0.090%RISEx4,347.7+0.103%Kraken Futures4,347.7+0.103%Bitget4,348.8+0.128%QFEX4,349+0.134%StandX4,349.1+0.136%Variational Omni4,349.1+0.137%Deribit4,349.2+0.138%Binance4,349.3+0.140%Aevo4,349.3+0.140%BloFin4,349.5+0.144%GMX4,349.5+0.144%Bullet4,349.5+0.145%MEXC4,349.5+0.145%Lighter4,349.7+0.151%Paradex4,349.9+0.155%Bybit4,350.1+0.158%Injective4,350.4+0.166%OKX4,350.5+0.168%Polymarket Perps4,350.6+0.170%Gate4,350.6+0.171%Aster4,350.7+0.173%
Phemex4,351.1+0.181%
HTX4,352+0.203%Lighter RH4,352.3+0.208%SunX4,353.9+0.245%Vest4,384.2+0.944%

XAU on 38 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bluefin GOLD-PERP−0.050%+0.8000%1h$26K$23K20xas long as short
edgeX XAUUSDC−0.025%+0.0147%4h$30.2M$56.2M50xas long as short
ApeX Omni XAUUSDTlong0.000%+0.0100%1h$273K$203K50x
Hotstuff GOLD-PERP+0.015%−0.0072%1h$33K—25xas long as short
Ondo Perps XAU-USD.P+0.015%+0.0050%1h$14.8M$46.5M25xas long as short
Kalshi KXGOLDPERP+0.017%+0.0067%24h$4.2M$30.3M15xas long as short
Phoenix GOLD+0.017%+0.0061%1h$43K$55K25xas long as short
gTrade (Gains Network) XAU/USD+0.026%L +0.0002% / S −0.0003%1h$267K—250xas long as short
Extended XAU-USD+0.028%+0.0136%1h$13.3M$52.3M25xas long as short
Coinbase International GOLD-PERP-INTX+0.035%+0.0064%1h$1.9M$5.1M25xas long as short
Show all 38 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Pacifica XAU+0.038%+0.0100%1h$1.4M$1.3M10xas long as short
tradeXYZ xyz:GOLD+0.040%+0.0050%1h$294.9M$60.1M25xas long as short
RISEx XAU/USDC+0.053%0.0000%1h$3.9M$12.8M25xas long as short
Kraken Futures PF_XAUUSD+0.053%+0.0185%1h$588K$110K25xas long as short
Bitget XAUUSDT+0.079%+0.0266%4h$70.4M$102.6M100xas long as short
QFEX GOLD-USD+0.084%+0.0029%1h$5.4M$2.0M20xas long as short
StandX XAU-USD+0.086%+0.0040%1h$3.8M$1.9M40xas long as short
Variational Omni XAU+0.087%+0.0109%4h$48.0M$42.6M—as long as short
Deribit GOLD_USDC-PERPETUAL+0.088%+0.0233%1h$214K$976K25xas long as short
Binance XAUUSDT+0.090%+0.0131%4h$418.5M$2.06B100xas long as short
Aevo XAU-PERP+0.091%+0.0112%1h$161K$8710xas long as short
BloFin XAU-USDT+0.094%+0.0371%4h$15.0M$4.4M100xas long as short
GMX GOLD/USD [ETH-USDC]+0.095%L +0.0370% / S −0.0190%1h$221K—111xas long as short
Bullet GOLD-USD+0.095%+0.0101%1h$59K$77K10xas long as short
MEXC XAU_USDT+0.096%+0.0130%4h$370.2M$386.8M1000xas long as short
Lighter XAU+0.101%+0.0096%1h$20.7M$44.9M25xas long as short
Paradex XAU-USD-PERP+0.105%+0.0067%8h$19K$6K5xas long as short
Bybit XAUUSDT+0.109%+0.0141%4h$83.3M$134.3M150xas long as short
Injective XAU/USDC PERP+0.116%+0.0033%1h$619$5452xas long as short
OKX XAU-USDT-SWAP+0.118%+0.0234%8h$157.5M$260.9M100xas long as short
Polymarket Perps GOLD-USD+0.121%+0.0198%1h$4.2M$1.9M20xas long as short
Gate XAU_USDT+0.122%+0.0008%4h$275.7M$391.5M100xas long as short
Aster XAUUSD1+0.123%+0.0099%4h$69.2M$239.6M20xas long as short
Phemex XAUUSDTshort+0.131%+0.0313%4h$2.2M$1.0M100x
HTX XAU-USDT+0.153%+0.0303%4h$2.4M$2.4M75xas long as short
Lighter RH XAU+0.159%+0.0144%1h$19.9M$41.5M25xas long as short
SunX XAU-USDT+0.196%0.0000%4h$93K$11.4M20xas long as short
Vest GC-PERP+0.894%+0.0046%1h—$953K25xas long as short