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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.

Spread before costs (cost unknown: a leg has no order-book sample)−0.053%
7d average—if it closes, per $10,000$5funding while held, a day−$0.09
Long on BulletShort on Pacifica
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBullet GOLD-USD4,359.40.0103pay 0.0013% / 1h39m 13s$58K$78K10x
ShortPacifica XAU4,357.10.0100get 0.0013% / 1h39m 13s$1.4M$1.3M10x

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
−$5.26
Funding while held
−$0.09
Slippage, 4 orders
no order book: not counted
Fee Bullet: 4 bp × 2 orders
−$8
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$21.34
Spread needed to break even
0.160%
Slippage unknown: Bullet: no order-book sample; Pacifica: live order book, 1 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
−0.0003%
Per $10,000 a day
−$0.09
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 Bullet no order-book sample—————
Sell Pacifica live order book, 1 min ago0.12 bp4.6 bp −$5doesn't fitdoesn't fitdoesn't fit
Bullet: 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.
Injective4,350.4cheapestBluefin4,351+0.012%edgeX4,352.4+0.045%ApeX Omni4,353.5+0.070%Phoenix4,355.1+0.108%Ondo Perps4,356.2+0.134%gTrade (Gains Network)4,356.2+0.134%Variational Omni4,356.3+0.136%Extended4,356.4+0.137%tradeXYZ4,356.6+0.142%Kalshi4,357+0.151%
Pacifica4,357.1+0.154%
Hotstuff4,357.3+0.158%Coinbase International4,357.5+0.163%Kraken Futures4,357.6+0.164%BloFin4,357.8+0.169%RISEx4,357.9+0.172%StandX4,358.4+0.183%QFEX4,358.9+0.195%Deribit4,358.9+0.195%MEXC4,359.1+0.199%Phemex4,359.1+0.199%Bitget4,359.2+0.201%GMX4,359.2+0.203%Binance4,359.2+0.203%Aevo4,359.2+0.203%
Bullet4,359.4+0.206%
Lighter4,359.6+0.211%Paradex4,359.7+0.214%Aster4,360.1+0.222%Bybit4,360.2+0.225%Polymarket Perps4,360.4+0.229%HTX4,360.6+0.234%OKX4,360.8+0.239%Gate4,360.9+0.240%Lighter RH4,361.8+0.262%SunX4,363.3+0.295%Vest4,394.9+1.022%

XAU on 38 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective XAU/USDC PERP−0.206%+0.0033%1h$619$5452xas long as short
Bluefin GOLD-PERP−0.193%+0.8000%1h$26K$23K20xas long as short
edgeX XAUUSDC−0.161%+0.0152%4h$30.3M$55.5M50xas long as short
ApeX Omni XAUUSDT−0.136%+0.0100%1h$273K$203K50xas long as short
Phoenix GOLD−0.098%+0.0061%1h$43K$55K25xas long as short
Ondo Perps XAU-USD.P−0.073%+0.0050%1h$14.9M$45.0M25xas long as short
gTrade (Gains Network) XAU/USD−0.073%L +0.0002% / S −0.0003%1h$267K—250xas long as short
Variational Omni XAU−0.070%+0.0119%4h$48.0M$44.3M—as long as short
Extended XAU-USD−0.069%+0.0088%1h$13.2M$52.4M25xas long as short
tradeXYZ xyz:GOLD−0.064%+0.0050%1h$296.0M$57.9M25xas long as short
Show all 38 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Kalshi KXGOLDPERP−0.055%+0.0078%24h$4.2M$29.7M15xas long as short
Pacifica XAUshort−0.053%+0.0100%1h$1.4M$1.3M10x
Hotstuff GOLD-PERP−0.048%+0.0056%1h$33K—25xas long as short
Coinbase International GOLD-PERP-INTX−0.043%+0.0064%1h$1.9M$5.2M25xas long as short
Kraken Futures PF_XAUUSD−0.042%+0.0185%1h$590K$109K25xas long as short
BloFin XAU-USDT−0.037%+0.0380%4h$15.0M$4.4M100xas long as short
RISEx XAU/USDC−0.034%0.0000%1h$3.7M$12.9M25xas long as short
StandX XAU-USD−0.023%+0.0040%1h$3.8M$1.8M40xas long as short
QFEX GOLD-USD−0.011%+0.0029%1h$5.4M$2.0M20xas long as short
Deribit GOLD_USDC-PERPETUAL−0.011%+0.0232%1h$216K$970K25xas long as short
MEXC XAU_USDT−0.007%+0.0140%4h$374.4M$381.6M1000xas long as short
Phemex XAUUSDT−0.007%0.0000%4h$2.2M$1.0M100xas long as short
Bitget XAUUSDT−0.005%+0.0272%4h$72.2M$96.2M100xas long as short
GMX GOLD/USD [ETH-USDC]−0.004%L +0.0366% / S −0.0185%1h$222K—111xas long as short
Binance XAUUSDT−0.003%+0.0140%4h$420.2M$2.04B100xas long as short
Aevo XAU-PERP−0.003%+0.0120%1h$161K$8710xas long as short
Bullet GOLD-USDlong0.000%+0.0103%1h$58K$78K10x
Lighter XAU+0.005%+0.0096%1h$20.7M$44.5M25xas long as short
Paradex XAU-USD-PERP+0.007%+0.0063%8h$19K$6K5xas long as short
Aster XAUUSD1+0.015%+0.0111%4h$66.4M$215.4M20xas long as short
Bybit XAUUSDT+0.019%+0.0114%4h$83.2M$132.8M150xas long as short
Polymarket Perps GOLD-USD+0.023%+0.0192%1h$4.2M$1.9M20xas long as short
HTX XAU-USDT+0.028%+0.0334%4h$2.4M$2.3M75xas long as short
OKX XAU-USDT-SWAP+0.032%+0.0220%8h$157.1M$261.5M100xas long as short
Gate XAU_USDT+0.034%+0.0066%4h$275.2M$383.8M100xas long as short
Lighter RH XAU+0.055%+0.0144%1h$19.8M$40.4M25xas long as short
SunX XAU-USDT+0.089%0.0000%4h$93K$11.5M20xas long as short
Vest GC-PERP+0.815%+0.0046%1h—$929K25xas long as short