data as of
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Price arb /

XAU

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Spread before costs (cost unknown: a leg has no order-book sample)−0.049%
7d average−0.004%if it closes, per $10,000$5funding while held, a day−$0.36
Long on BinanceShort on Variational Omni
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance XAUUSDT4,346.60.0145pay 0.0073% / 4h1h 29m$441.3M$1.76B100x
ShortVariational Omni XAU4,344.50.0133get 0.0067% / 4h1h 29m$47.1M$42.9M—

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
−$4.85
Funding while held
−$0.36
Slippage, 4 orders
no order book: not counted
Fee Binance: 5 bp × 2 orders
−$10
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$15.22
Spread needed to break even
0.100%
Slippage unknown: Binance: live order book, 16 min ago; Variational Omni: RFQ quote, 1 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
−0.0012%
Per $10,000 a day
−$0.36
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 Binance live order book, 16 min ago0.01 bp5.0 bp −$55.0 bp −$505.9 bp −$595doesn't fit
Sell Variational Omni RFQ quote, 1 min ago1.54 bpdoesn't fit1.6 bp −$163.6 bp −$359doesn't fit

XAU price on every exchange

against the cheapest. Click to use as the short leg.
edgeX4,338.7cheapestPhoenix4,338.8+0.002%Bluefin4,339.9+0.028%Ondo Perps4,341.8+0.072%tradeXYZ4,342+0.076%ApeX Omni4,342.1+0.078%Hotstuff4,342.3+0.083%Extended4,343.1+0.102%Pacifica4,343.3+0.106%gTrade (Gains Network)4,343.3+0.106%Coinbase International4,344.1+0.124%Kraken Futures4,344.2+0.127%
Variational Omni4,344.5+0.134%
QFEX4,345.1+0.147%Lighter4,345.4+0.153%Kalshi4,345.5+0.157%Paradex4,345.9+0.167%RISEx4,346+0.167%
Binance4,346.6+0.182%
Deribit4,346.7+0.184%Aevo4,346.8+0.186%Bitget4,346.8+0.186%OKX4,346.9+0.189%Gate4,347+0.191%MEXC4,347+0.191%Aster4,347+0.192%StandX4,347.1+0.193%BloFin4,347.2+0.195%Lighter RH4,347.4+0.200%Polymarket Perps4,347.4+0.200%Bybit4,347.5+0.202%Bullet4,347.7+0.206%GMX4,348.2+0.218%Phemex4,348.4+0.224%HTX4,349.9+0.259%Injective4,350.4+0.270%SunX4,351.6+0.297%Vest4,380.4+0.961%

XAU on 38 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
edgeX XAUUSDC−0.182%+0.0151%4h$30.2M$47.3M50xas long as short
Phoenix GOLD−0.180%+0.0123%1h$52K$53K25xas long as short
Bluefin GOLD-PERP−0.154%+0.5353%1h$26K$23K20xas long as short
Ondo Perps XAU-USD.P−0.110%+0.0050%1h$14.7M$39.8M25xas long as short
tradeXYZ xyz:GOLD−0.106%+0.0050%1h$294.0M$52.8M25xas long as short
ApeX Omni XAUUSDT−0.104%+0.0100%1h$273K$203K50xas long as short
Hotstuff GOLD-PERP−0.099%+0.0112%1h$33K—25xas long as short
Extended XAU-USD−0.080%+0.0032%1h$13.3M$53.1M25xas long as short
Pacifica XAU−0.076%+0.0100%1h$1.4M$1.3M10xas long as short
gTrade (Gains Network) XAU/USD−0.076%L +0.0002% / S −0.0001%1h$187K—250xas long as short
Show all 38 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Coinbase International GOLD-PERP-INTX−0.058%+0.0120%1h$2.0M$4.7M25xas long as short
Kraken Futures PF_XAUUSD−0.055%+0.0274%1h$588K$104K25xas long as short
Variational Omni XAUshort−0.049%+0.0133%4h$47.1M$42.9M—
QFEX GOLD-USD−0.035%+0.0040%1h$5.4M$2.1M20xas long as short
Lighter XAU−0.029%+0.0088%1h$20.6M$42.7M25xas long as short
Kalshi KXGOLDPERP−0.026%+0.0165%24h$4.0M$21.8M15xas long as short
Paradex XAU-USD-PERP−0.015%+0.0061%8h$19K$6K5xas long as short
RISEx XAU/USDC−0.015%0.0000%1h$3.8M$10.9M25xas long as short
Binance XAUUSDTlong0.000%+0.0145%4h$441.3M$1.76B100x
Deribit GOLD_USDC-PERPETUAL+0.002%+0.0233%1h$203K$904K25xas long as short
Aevo XAU-PERP+0.004%+0.0120%1h$161K$4310xas long as short
Bitget XAUUSDT+0.004%+0.0240%4h$66.7M$86.1M100xas long as short
OKX XAU-USDT-SWAP+0.007%+0.0265%8h$156.7M$238.9M100xas long as short
Gate XAU_USDT+0.009%+0.0058%4h$260.9M$340.0M100xas long as short
MEXC XAU_USDT+0.009%+0.0142%4h$368.4M$360.6M1000xas long as short
Aster XAUUSD1+0.010%+0.0148%4h$68.4M$158.7M20xas long as short
StandX XAU-USD+0.011%+0.0040%1h$3.7M$1.4M40xas long as short
BloFin XAU-USDT+0.013%+0.0385%4h$15.0M$4.1M100xas long as short
Lighter RH XAU+0.018%+0.0088%1h$19.6M$38.7M25xas long as short
Polymarket Perps GOLD-USD+0.018%+0.0286%1h$4.1M$1.8M20xas long as short
Bybit XAUUSDT+0.020%+0.0082%4h$81.7M$123.0M150xas long as short
Bullet GOLD-USD+0.024%+0.0222%1h$59K$78K10xas long as short
GMX GOLD/USD [ETH-USDC]+0.036%L +0.0352% / S −0.0166%1h$220K—111xas long as short
Phemex XAUUSDT+0.042%+0.0205%4h$2.2M$961K100xas long as short
HTX XAU-USDT+0.077%+0.0399%4h$2.4M$1.8M75xas long as short
Injective XAU/USDC PERP+0.088%+0.0033%1h$619$146K52xas long as short
SunX XAU-USDT+0.115%0.0000%4h$92K$10.1M20xas long as short
Vest GC-PERP+0.777%+0.0046%1h—$629K25xas long as short