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)−0.007%
7d average−0.024%if it closes, per $10,000$1funding while held, a day+$2.16
Long on BybitShort on Variational Omni
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit XAUUSDT4,352.60.0040pay 0.0020% / 4h1h 48m$83.2M$137.4M150x
ShortVariational Omni XAU4,352.30.0112get 0.0056% / 4h1h 48m$47.8M$35.1M—

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
−$0.66
Funding while held
$2.16
Slippage, 4 orders
no order book: not counted
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$9.5
Spread needed to break even
0.110%
Slippage unknown: Bybit: live order book, 2 min ago; Variational Omni: RFQ quote, 2 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
+0.0072%
Per $10,000 a day
+$2.16
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 Bybit live order book, 2 min ago0.01 bp5.9 bp −$66.7 bp −$6710.4 bp −$1,03929.8 bp −$14.9K
Sell Variational Omni RFQ quote, 2 min ago1.55 bpdoesn't fit1.5 bp −$153.2 bp −$316doesn't fit

XAU price on every exchange

against the cheapest. Click to use as the short leg.
edgeX4,346.3cheapestBluefin4,346.7+0.010%Extended4,348.7+0.056%gTrade (Gains Network)4,349+0.063%Ondo Perps4,349.5+0.073%Kalshi4,349.6+0.076%ApeX Omni4,349.9+0.082%tradeXYZ4,349.9+0.083%Pacifica4,349.9+0.083%Injective4,350.4+0.095%Kraken Futures4,350.8+0.104%Hotstuff4,351+0.108%Phoenix4,351.6+0.122%Lighter4,351.7+0.123%Binance4,351.7+0.124%MEXC4,351.7+0.124%Deribit4,351.7+0.124%Coinbase International4,351.7+0.124%Bitget4,351.9+0.129%
Variational Omni4,352.3+0.138%
BloFin4,352.4+0.139%Bullet4,352.4+0.140%GMX4,352.4+0.140%Aevo4,352.6+0.145%
Bybit4,352.6+0.145%
Polymarket Perps4,353+0.154%RISEx4,353.1+0.157%OKX4,353.2+0.159%Aster4,353.3+0.160%Gate4,353.4+0.162%Paradex4,353.9+0.175%QFEX4,354.1+0.179%StandX4,354.3+0.184%Lighter RH4,354.5+0.188%Phemex4,355.1+0.202%HTX4,355.3+0.206%SunX4,356.7+0.240%Vest4,387.9+0.957%

XAU on 38 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
edgeX XAUUSDC−0.145%+0.0127%4h$30.3M$56.7M50xas long as short
Bluefin GOLD-PERP−0.135%−0.0174%1h$26K$21K20xas long as short
Extended XAU-USD−0.089%+0.0040%1h$13.3M$51.0M25xas long as short
gTrade (Gains Network) XAU/USD−0.082%L +0.0002% / S −0.0003%1h$267K—250xas long as short
Ondo Perps XAU-USD.P−0.072%+0.0050%1h$14.8M$47.7M25xas long as short
Kalshi KXGOLDPERP−0.069%+0.0046%24h$4.1M$30.4M15xas long as short
ApeX Omni XAUUSDT−0.063%+0.0100%1h$273K$203K50xas long as short
tradeXYZ xyz:GOLD−0.062%+0.0050%1h$294.4M$60.9M25xas long as short
Pacifica XAU−0.062%+0.0100%1h$1.4M$1.3M10xas long as short
Injective XAU/USDC PERP−0.050%+0.0033%1h$619$5452xas long as short
Show all 38 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Kraken Futures PF_XAUUSD−0.041%+0.0310%1h$588K$108K25xas long as short
Hotstuff GOLD-PERP−0.037%+0.0112%1h$33K—25xas long as short
Phoenix GOLD−0.023%+0.0088%1h$43K$65K25xas long as short
Lighter XAU−0.022%+0.0072%1h$20.7M$45.4M25xas long as short
Binance XAUUSDT−0.021%+0.0123%4h$416.0M$2.03B100xas long as short
MEXC XAU_USDT−0.021%+0.0124%4h$377.8M$325.7M1000xas long as short
Deribit GOLD_USDC-PERPETUAL−0.021%+0.0233%1h$223K$990K25xas long as short
Coinbase International GOLD-PERP-INTX−0.021%+0.0064%1h$2.0M$5.1M25xas long as short
Bitget XAUUSDT−0.016%+0.0240%4h$69.5M$107.0M100xas long as short
Variational Omni XAUshort−0.007%+0.0112%4h$47.8M$35.1M—
BloFin XAU-USDT−0.006%+0.0372%4h$14.8M$4.1M100xas long as short
Bullet GOLD-USD−0.005%+0.0078%1h$58K$77K10xas long as short
GMX GOLD/USD [ETH-USDC]−0.005%L +0.0431% / S −0.0250%1h$251K—111xas long as short
Aevo XAU-PERP0.000%+0.0112%1h$161K$8710xas long as short
Bybit XAUUSDTlong0.000%+0.0040%4h$83.2M$137.4M150x
Polymarket Perps GOLD-USD+0.009%+0.0221%1h$4.3M$2.2M20xas long as short
RISEx XAU/USDC+0.012%0.0000%1h$3.6M$12.0M25xas long as short
OKX XAU-USDT-SWAP+0.014%+0.0252%8h$156.3M$263.1M100xas long as short
Aster XAUUSD1+0.015%+0.0117%4h$69.9M$239.3M20xas long as short
Gate XAU_USDT+0.017%+0.0040%4h$274.2M$397.6M100xas long as short
Paradex XAU-USD-PERP+0.030%+0.0064%8h$19K$6K5xas long as short
QFEX GOLD-USD+0.034%+0.0049%1h$5.4M$2.1M20xas long as short
StandX XAU-USD+0.039%+0.0040%1h$3.8M$3.5M40xas long as short
Lighter RH XAU+0.043%+0.0144%1h$20.0M$42.8M25xas long as short
Phemex XAUUSDT+0.057%+0.0266%4h$2.2M$1.1M100xas long as short
HTX XAU-USDT+0.061%+0.0264%4h$2.8M$3.2M75xas long as short
SunX XAU-USDT+0.094%0.0000%4h$93K$11.0M20xas long as short
Vest GC-PERP+0.811%+0.0046%1h—$974K25xas long as short