data as of
Settings8H · net · $10k
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Price arb /

XAU

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Spread before costs (cost unknown: a leg has no order-book sample)−0.904%
7d average—if it closes, per $10,000$90funding while held, a day−$234.31
Long on BluefinShort on GMX
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBluefin GOLD-PERP4,389.20.8000pay 0.1000% / 1h10m 22s$26K$23K20x
ShortGMX GOLD/USD [ETH-USDC]4,349.5L +0.0370% / S −0.0190%get 0.0024% / 1h10m 22s$221K—111x

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
−$90.44
Funding while held
−$234.31
Slippage, 4 orders
no order book: not counted
Fee Bluefin: 3.5 bp × 2 orders
−$7
Fee GMX: 6 bp × 2 orders
−$12
Net
−$343.75
Spread needed to break even
0.190%
Slippage unknown: Bluefin: no order-book sample; GMX: no order-book sample. Net counts fees only.

Cost of waiting

funding view
Funding /8h
−0.7810%
Per $10,000 a day
−$234.31
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 Bluefin no order-book sample—————
Sell GMX no order-book sample—————
Bluefin and GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

XAU price on every exchange

against the cheapest. Click to use as the short leg.
edgeX4,344.3cheapestOndo Perps4,344.9+0.015%Kalshi4,345.1+0.019%Extended4,345.2+0.022%ApeX Omni4,345.4+0.025%Hotstuff4,345.5+0.028%gTrade (Gains Network)4,345.6+0.031%Coinbase International4,345.7+0.033%Phoenix4,346.1+0.042%tradeXYZ4,346.6+0.053%Pacifica4,346.8+0.058%RISEx4,346.8+0.059%Kraken Futures4,347.8+0.080%Bitget4,348.1+0.087%Deribit4,348.4+0.095%MEXC4,348.5+0.098%Lighter4,348.6+0.100%Binance4,348.6+0.101%QFEX4,348.7+0.102%Aevo4,348.9+0.107%Bullet4,349.1+0.111%Variational Omni4,349.1+0.112%Bybit4,349.2+0.112%Polymarket Perps4,349.2+0.113%Paradex4,349.3+0.114%BloFin4,349.3+0.116%StandX4,349.4+0.118%
GMX4,349.5+0.121%
Gate4,349.5+0.121%OKX4,349.8+0.127%Aster4,349.9+0.130%Injective4,350.4+0.141%HTX4,350.8+0.150%Phemex4,351.1+0.156%Lighter RH4,351.2+0.160%SunX4,352.8+0.197%Vest4,383.3+0.898%
Bluefin4,389.2+1.035%

XAU on 38 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
edgeX XAUUSDC−1.024%+0.0147%4h$30.2M$56.2M50xas long as short
Ondo Perps XAU-USD.P−1.010%+0.0050%1h$14.8M$46.4M25xas long as short
Kalshi KXGOLDPERP−1.005%+0.0067%24h$4.2M$30.3M15xas long as short
Extended XAU-USD−1.002%+0.0136%1h$13.3M$52.2M25xas long as short
ApeX Omni XAUUSDT−0.999%+0.0100%1h$273K$203K50xas long as short
Hotstuff GOLD-PERP−0.996%−0.0040%1h$33K—25xas long as short
gTrade (Gains Network) XAU/USD−0.994%L +0.0002% / S −0.0003%1h$267K—250xas long as short
Coinbase International GOLD-PERP-INTX−0.992%+0.0064%1h$1.9M$5.1M25xas long as short
Phoenix GOLD−0.983%+0.0061%1h$43K$55K25xas long as short
tradeXYZ xyz:GOLD−0.971%+0.0050%1h$294.4M$60.3M25xas long as short
Show all 38 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Pacifica XAU−0.967%+0.0100%1h$1.4M$1.3M10xas long as short
RISEx XAU/USDC−0.966%0.0000%1h$3.9M$12.9M25xas long as short
Kraken Futures PF_XAUUSD−0.945%+0.0185%1h$588K$110K25xas long as short
Bitget XAUUSDT−0.938%+0.0266%4h$70.3M$102.4M100xas long as short
Deribit GOLD_USDC-PERPETUAL−0.930%+0.0256%1h$214K$976K25xas long as short
MEXC XAU_USDT−0.927%+0.0130%4h$370.1M$386.7M1000xas long as short
Lighter XAU−0.925%+0.0096%1h$20.7M$44.9M25xas long as short
Binance XAUUSDT−0.925%+0.0131%4h$417.4M$2.06B100xas long as short
QFEX GOLD-USD−0.923%+0.0029%1h$5.4M$2.0M20xas long as short
Aevo XAU-PERP−0.918%+0.0112%1h$161K$8710xas long as short
Bullet GOLD-USD−0.915%+0.0101%1h$58K$77K10xas long as short
Variational Omni XAU−0.913%+0.0109%4h$48.0M$42.6M—as long as short
Bybit XAUUSDT−0.913%+0.0140%4h$83.3M$134.2M150xas long as short
Polymarket Perps GOLD-USD−0.912%+0.0199%1h$4.2M$1.9M20xas long as short
Paradex XAU-USD-PERP−0.911%+0.0066%8h$19K$6K5xas long as short
BloFin XAU-USDT−0.910%+0.0370%4h$14.9M$4.4M100xas long as short
StandX XAU-USD−0.907%+0.0040%1h$3.8M$1.9M40xas long as short
GMX GOLD/USD [ETH-USDC]short−0.904%L +0.0370% / S −0.0190%1h$221K—111x
Gate XAU_USDT−0.904%+0.0010%4h$275.5M$391.1M100xas long as short
OKX XAU-USDT-SWAP−0.898%+0.0232%8h$157.4M$260.8M100xas long as short
Aster XAUUSD1−0.896%+0.0098%4h$69.1M$239.6M20xas long as short
Injective XAU/USDC PERP−0.884%+0.0033%1h$619$5452xas long as short
HTX XAU-USDT−0.876%+0.0297%4h$2.4M$2.4M75xas long as short
Phemex XAUUSDT−0.870%+0.0354%4h$2.2M$1.0M100xas long as short
Lighter RH XAU−0.866%+0.0144%1h$19.9M$41.4M25xas long as short
SunX XAU-USDT−0.830%0.0000%4h$93K$11.4M20xas long as short
Vest GC-PERP−0.135%+0.0046%1h—$953K25xas long as short
Bluefin GOLD-PERPlong0.000%+0.8000%1h$26K$23K20x