After costs, if the gap returns to its 7d average, $10k−$6
spread now+0.011%7d average−0.038%fees + slippage, in and out−$11spread needed0.109%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance XAUUSDT | 4,353.5 | 0.0168 | pay 0.0084% / 4h | 28m 37s | $416.0M | $1.96B | 100x |
| Short | Lighter XAU | 4,353.9 | 0.0088 | get 0.0011% / 1h | 28m 37s | $20.7M | $44.8M | 25x |
Price spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $1.11
- Funding while held
- −$2.4
- Slippage, 4 orders
- −$0.9
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$12.19
- Spread needed to break even
- 0.109%
Slippage from Binance: live order book, 2 min ago; Lighter: live order book, 7 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0080%
- Per $10,000 a day
- −$2.40
- Average in range /8h
- —
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 Binance live order book, 2 min ago | 0.01 bp | 5.0 bp −$5 | 5.0 bp −$50 | 6.8 bp −$675 | doesn't fit |
| Sell Lighter live order book, 7 min ago | 0.28 bp | 0.3 bp $0 | 2.1 bp −$21 | 9.3 bp −$926 | 21.3 bp −$10.7K |
XAU price on every exchange
against the cheapest. Click to use as the short leg.XAU on 38 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bluefin GOLD-PERP | −0.127% | −0.0271% | 1h | $26K | $23K | 20x | as long as short |
| Ondo Perps XAU-USD.P | −0.123% | +0.0050% | 1h | $14.8M | $42.8M | 25x | as long as short |
| edgeX XAUUSDC | −0.091% | +0.0188% | 4h | $30.3M | $52.8M | 50x | as long as short |
| Injective XAU/USDC PERP | −0.070% | +0.0033% | 1h | $619 | $72K | 52x | as long as short |
| Phoenix GOLD | −0.068% | +0.0107% | 1h | $53K | $54K | 25x | as long as short |
| Extended XAU-USD | −0.067% | +0.0056% | 1h | $13.3M | $52.0M | 25x | as long as short |
| tradeXYZ xyz:GOLD | −0.066% | +0.0050% | 1h | $294.2M | $55.4M | 25x | as long as short |
| ApeX Omni XAUUSDT | −0.054% | +0.0100% | 1h | $273K | $203K | 50x | as long as short |
| Coinbase International GOLD-PERP-INTX | −0.052% | +0.0104% | 1h | $2.0M | $4.9M | 25x | as long as short |
| Pacifica XAU | −0.045% | +0.0100% | 1h | $1.4M | $1.3M | 10x | as long as short |
Show all 38 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Hotstuff GOLD-PERP | −0.043% | +0.0136% | 1h | $33K | — | 25x | as long as short |
| Kalshi KXGOLDPERP | −0.040% | +0.0118% | 24h | $4.2M | $29.3M | 15x | as long as short |
| Kraken Futures PF_XAUUSD | −0.036% | +0.0301% | 1h | $589K | $106K | 25x | as long as short |
| gTrade (Gains Network) XAU/USD | −0.033% | L +0.0002% / S −0.0001% | 1h | $187K | — | 250x | as long as short |
| QFEX GOLD-USD | −0.015% | +0.0051% | 1h | $5.4M | $1.9M | 20x | as long as short |
| Bitget XAUUSDT | −0.007% | +0.0290% | 4h | $71.6M | $92.8M | 100x | as long as short |
| RISEx XAU/USDC | −0.006% | 0.0000% | 1h | $3.7M | $12.0M | 25x | as long as short |
| Paradex XAU-USD-PERP | −0.005% | +0.0068% | 8h | $19K | $6K | 5x | as long as short |
| Variational Omni XAU | −0.004% | +0.0156% | 4h | $47.3M | $42.0M | — | as long as short |
| Binance XAUUSDTlong | 0.000% | +0.0168% | 4h | $416.0M | $1.96B | 100x | |
| MEXC XAU_USDT | +0.005% | +0.0168% | 4h | $369.9M | $378.4M | 1000x | as long as short |
| Aster XAUUSD1 | +0.011% | +0.0153% | 4h | $69.1M | $161.8M | 20x | as long as short |
| Gate XAU_USDT | +0.011% | +0.0046% | 4h | $277.9M | $369.8M | 100x | as long as short |
| Lighter XAUshort | +0.011% | +0.0088% | 1h | $20.7M | $44.8M | 25x | |
| OKX XAU-USDT-SWAP | +0.012% | +0.0249% | 8h | $159.1M | $254.8M | 100x | as long as short |
| Deribit GOLD_USDC-PERPETUAL | +0.012% | +0.0118% | 1h | $220K | $951K | 25x | as long as short |
| GMX GOLD/USD [ETH-USDC] | +0.017% | L +0.0362% / S −0.0176% | 1h | $221K | — | 111x | as long as short |
| Bullet GOLD-USD | +0.017% | +0.0113% | 1h | $59K | $78K | 10x | as long as short |
| Aevo XAU-PERP | +0.017% | +0.0120% | 1h | $161K | $87 | 10x | as long as short |
| Bybit XAUUSDT | +0.024% | +0.0097% | 4h | $82.3M | $128.4M | 150x | as long as short |
| Polymarket Perps GOLD-USD | +0.026% | +0.0202% | 1h | $4.1M | $1.8M | 20x | as long as short |
| BloFin XAU-USDT | +0.029% | +0.0409% | 4h | $15.5M | $4.3M | 100x | as long as short |
| Phemex XAUUSDT | +0.035% | 0.0000% | 4h | $2.2M | $1.0M | 100x | as long as short |
| StandX XAU-USD | +0.040% | +0.0040% | 1h | $3.8M | $1.6M | 40x | as long as short |
| Lighter RH XAU | +0.065% | +0.0080% | 1h | $19.7M | $39.3M | 25x | as long as short |
| HTX XAU-USDT | +0.102% | +0.0375% | 4h | $2.4M | $2.1M | 75x | as long as short |
| SunX XAU-USDT | +0.119% | 0.0000% | 4h | $93K | $11.1M | 20x | as long as short |
| Vest GC-PERP | +0.839% | +0.0046% | 1h | — | $789K | 25x | as long as short |
Binance XAUUSDT
Lighter XAU
Bluefin
Injective
Phoenix
Extended
tradeXYZ
ApeX Omni
Coinbase International
Pacifica
Kraken Futures
gTrade (Gains Network)
Bitget
RISEx
Paradex
Variational Omni
MEXC
Aster
Gate
OKX
Deribit
GMX
Bullet
Bybit
Polymarket Perps
BloFin
Phemex
StandX
Lighter RH
HTX
SunX