Spread before costs (cost unknown: a leg has no order-book sample)−0.032%
7d average—if it closes, per $10,000$3funding while held, a day+$0.89
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bullet GOLD-USD | 4,353.7 | 0.0082 | pay 0.0010% / 1h | 46m 13s | $58K | $78K | 10x |
| Short | Variational Omni XAU | 4,352.3 | 0.0112 | get 0.0056% / 4h | 1h 46m | $47.8M | $35.1M | — |
Bullet GOLD-USD
Variational Omni XAUPrice 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
- −$3.16
- Funding while held
- $0.89
- Slippage, 4 orders
- no order book: not counted
- Fee Bullet: 4 bp × 2 orders
- −$8
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$10.27
- Spread needed to break even
- 0.080%
Slippage unknown: Bullet: no order-book sample; Variational Omni: RFQ quote, 4 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0030%
- Per $10,000 a day
- +$0.89
- 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 Bullet no order-book sample | — | — | — | — | — |
| Sell Variational Omni RFQ quote, 4 min ago | 1.55 bp | doesn't fit | 1.5 bp −$15 | 3.2 bp −$316 | doesn'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.Bluefin4,347cheapestOndo Perps4,348.9+0.044%ApeX Omni4,349.1+0.048%edgeX4,349.2+0.050%Pacifica4,350.3+0.076%Injective4,350.4+0.079%Kalshi4,350.5+0.081%Extended4,350.7+0.085%gTrade (Gains Network)4,350.8+0.088%tradeXYZ4,351.1+0.094%Hotstuff4,351.1+0.094%Phoenix4,351.6+0.106%Kraken Futures4,351.9+0.113%
Bluefin
Ondo Perps
ApeX Omni
Pacifica
Injective
Extended
gTrade (Gains Network)
tradeXYZ
Hotstuff
Phoenix
Kraken FuturesVariational Omni4,352.3+0.122%
Coinbase International4,352.4+0.124%BloFin4,352.7+0.130%RISEx4,353+0.137%StandX4,353.1+0.140%Binance4,353.4+0.148%MEXC4,353.5+0.150%Lighter4,353.6+0.151%Paradex4,353.6+0.151%Bitget4,353.6+0.151%Aevo4,353.6+0.152%
Coinbase International
BloFin
RISEx
StandX
Binance
MEXC
Lighter
Paradex
Bitget
AevoBullet4,353.7+0.154%
Deribit4,353.7+0.154%QFEX4,353.8+0.156%GMX4,353.9+0.158%Polymarket Perps4,354.2+0.166%Aster4,354.4+0.170%Bybit4,354.5+0.172%Gate4,354.8+0.179%OKX4,354.8+0.179%Phemex4,355.2+0.188%Lighter RH4,356.1+0.209%HTX4,356.4+0.215%SunX4,357.4+0.240%Vest4,388.7+0.959%
Deribit
QFEX
GMX
Polymarket Perps
Aster
Bybit
Gate
OKX
Phemex
Lighter RH
HTX
SunX
VestXAU on 38 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bluefin GOLD-PERP | −0.154% | −0.0170% | 1h | $26K | $21K | 20x | as long as short |
| Ondo Perps XAU-USD.P | −0.110% | +0.0050% | 1h | $14.8M | $47.8M | 25x | as long as short |
| ApeX Omni XAUUSDT | −0.106% | +0.0100% | 1h | $273K | $203K | 50x | as long as short |
| edgeX XAUUSDC | −0.104% | +0.0127% | 4h | $30.3M | $56.8M | 50x | as long as short |
| Pacifica XAU | −0.078% | +0.0100% | 1h | $1.4M | $1.3M | 10x | as long as short |
| Injective XAU/USDC PERP | −0.075% | +0.0033% | 1h | $619 | $54 | 52x | as long as short |
| Kalshi KXGOLDPERP | −0.074% | +0.0045% | 24h | $4.1M | $30.4M | 15x | as long as short |
| Extended XAU-USD | −0.069% | +0.0048% | 1h | $13.3M | $51.1M | 25x | as long as short |
| gTrade (Gains Network) XAU/USD | −0.066% | L +0.0002% / S −0.0003% | 1h | $267K | — | 250x | as long as short |
| tradeXYZ xyz:GOLD | −0.060% | +0.0050% | 1h | $294.3M | $61.0M | 25x | as long as short |
Show all 38 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Hotstuff GOLD-PERP | −0.060% | +0.0072% | 1h | $33K | — | 25x | as long as short |
| Phoenix GOLD | −0.048% | +0.0088% | 1h | $43K | $65K | 25x | as long as short |
| Kraken Futures PF_XAUUSD | −0.041% | +0.0310% | 1h | $588K | $108K | 25x | as long as short |
| Variational Omni XAUshort | −0.032% | +0.0112% | 4h | $47.8M | $35.1M | — | |
| Coinbase International GOLD-PERP-INTX | −0.030% | +0.0064% | 1h | $2.0M | $5.1M | 25x | as long as short |
| BloFin XAU-USDT | −0.024% | +0.0369% | 4h | $14.8M | $4.1M | 100x | as long as short |
| RISEx XAU/USDC | −0.017% | 0.0000% | 1h | $3.6M | $12.0M | 25x | as long as short |
| StandX XAU-USD | −0.014% | +0.0040% | 1h | $3.8M | $3.6M | 40x | as long as short |
| Binance XAUUSDT | −0.006% | +0.0123% | 4h | $416.2M | $2.03B | 100x | as long as short |
| MEXC XAU_USDT | −0.004% | +0.0122% | 4h | $377.2M | $326.1M | 1000x | as long as short |
| Lighter XAU | −0.003% | +0.0080% | 1h | $20.7M | $45.4M | 25x | as long as short |
| Paradex XAU-USD-PERP | −0.003% | +0.0064% | 8h | $19K | $6K | 5x | as long as short |
| Bitget XAUUSDT | −0.003% | +0.0240% | 4h | $69.3M | $107.3M | 100x | as long as short |
| Aevo XAU-PERP | −0.002% | +0.0112% | 1h | $161K | $87 | 10x | as long as short |
| Bullet GOLD-USDlong | 0.000% | +0.0082% | 1h | $58K | $78K | 10x | |
| Deribit GOLD_USDC-PERPETUAL | 0.000% | +0.0233% | 1h | $223K | $989K | 25x | as long as short |
| QFEX GOLD-USD | +0.002% | +0.0049% | 1h | $5.4M | $2.1M | 20x | as long as short |
| GMX GOLD/USD [ETH-USDC] | +0.004% | L +0.0432% / S −0.0252% | 1h | $251K | — | 111x | as long as short |
| Polymarket Perps GOLD-USD | +0.011% | +0.0210% | 1h | $4.4M | $2.2M | 20x | as long as short |
| Aster XAUUSD1 | +0.015% | +0.0118% | 4h | $70.0M | $239.4M | 20x | as long as short |
| Bybit XAUUSDT | +0.018% | +0.0048% | 4h | $83.9M | $138.0M | 150x | as long as short |
| Gate XAU_USDT | +0.025% | +0.0042% | 4h | $274.3M | $398.3M | 100x | as long as short |
| OKX XAU-USDT-SWAP | +0.025% | +0.0254% | 8h | $156.2M | $263.6M | 100x | as long as short |
| Phemex XAUUSDT | +0.034% | +0.0276% | 4h | $2.2M | $1.1M | 100x | as long as short |
| Lighter RH XAU | +0.055% | +0.0136% | 1h | $20.1M | $42.8M | 25x | as long as short |
| HTX XAU-USDT | +0.061% | +0.0262% | 4h | $2.8M | $3.2M | 75x | as long as short |
| SunX XAU-USDT | +0.086% | 0.0000% | 4h | $93K | $11.0M | 20x | as long as short |
| Vest GC-PERP | +0.804% | +0.0046% | 1h | — | $974K | 25x | as long as short |