After costs, if the gap returns to its 7d average, $10k−$17
spread now+0.044%7d average−0.017%fees + slippage, in and out−$23spread needed0.231%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International GOLD-PERP-INTX | 4,343.8 | 0.0056 | pay 0.0007% / 1h | 31m 03s | $1.9M | $5.1M | 25x |
| Short | Deribit GOLD_USDC-PERPETUAL | 4,345.7 | 0.0280 | get 0.0035% / 1h | 31m 03s | $214K | $981K | 25x |
Price 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
- $4.37
- Funding while held
- $6.71
- Slippage, 4 orders
- −$6.13
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$12.05
- Spread needed to break even
- 0.231%
Slippage from Coinbase International: live order book, 4 min ago; Deribit: live order book, 39 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0224%
- Per $10,000 a day
- +$6.71
- 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 Coinbase International live order book, 4 min ago | 0.12 bp | 5.6 bp −$6 | 8.7 bp −$87 | 54.5 bp −$5,455 | doesn't fit |
| Sell Deribit live order book, 39 min ago | 0.12 bp | 8.8 bp −$9 | 9.7 bp −$97 | doesn't fit | doesn't fit |
XAU price on every exchange
against the cheapest. Click to use as the short leg.XAU on 38 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bluefin GOLD-PERP | −0.094% | +0.0100% | 1h | $26K | $23K | 20x | as long as short |
| Ondo Perps XAU-USD.P | −0.041% | +0.0050% | 1h | $14.7M | $47.0M | 25x | as long as short |
| edgeX XAUUSDC | −0.041% | +0.0127% | 4h | $30.3M | $56.8M | 50x | as long as short |
| ApeX Omni XAUUSDT | −0.023% | +0.0100% | 1h | $273K | $203K | 50x | as long as short |
| Phoenix GOLD | −0.021% | +0.0101% | 1h | $43K | $65K | 25x | as long as short |
| gTrade (Gains Network) XAU/USD | −0.016% | L +0.0002% / S −0.0003% | 1h | $266K | — | 250x | as long as short |
| Extended XAU-USD | −0.011% | +0.0064% | 1h | $13.3M | $52.1M | 25x | as long as short |
| Kalshi KXGOLDPERP | −0.009% | +0.0054% | 24h | $4.2M | $30.2M | 15x | as long as short |
| tradeXYZ xyz:GOLD | −0.007% | +0.0050% | 1h | $294.4M | $60.8M | 25x | as long as short |
| Hotstuff GOLD-PERP | 0.000% | +0.0016% | 1h | $33K | — | 25x | as long as short |
Show all 38 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Coinbase International GOLD-PERP-INTXlong | 0.000% | +0.0056% | 1h | $1.9M | $5.1M | 25x | |
| Pacifica XAU | +0.005% | +0.0100% | 1h | $1.4M | $1.3M | 10x | as long as short |
| Kraken Futures PF_XAUUSD | +0.013% | +0.0252% | 1h | $587K | $110K | 25x | as long as short |
| RISEx XAU/USDC | +0.027% | 0.0000% | 1h | $3.7M | $13.1M | 25x | as long as short |
| Deribit GOLD_USDC-PERPETUALshort | +0.044% | +0.0280% | 1h | $214K | $981K | 25x | |
| Variational Omni XAU | +0.050% | +0.0105% | 4h | $48.0M | $41.2M | — | as long as short |
| Lighter XAU | +0.055% | +0.0080% | 1h | $20.6M | $44.5M | 25x | as long as short |
| MEXC XAU_USDT | +0.055% | +0.0122% | 4h | $378.5M | $360.6M | 1000x | as long as short |
| BloFin XAU-USDT | +0.055% | +0.0394% | 4h | $15.0M | $4.2M | 100x | as long as short |
| Bitget XAUUSDT | +0.057% | +0.0234% | 4h | $69.5M | $106.0M | 100x | as long as short |
| Binance XAUUSDT | +0.059% | +0.0123% | 4h | $418.2M | $2.05B | 100x | as long as short |
| GMX GOLD/USD [ETH-USDC] | +0.060% | L +0.0374% / S −0.0194% | 1h | $221K | — | 111x | as long as short |
| Aevo XAU-PERP | +0.062% | +0.0112% | 1h | $161K | $87 | 10x | as long as short |
| Bullet GOLD-USD | +0.064% | +0.0104% | 1h | $59K | $77K | 10x | as long as short |
| Bybit XAUUSDT | +0.066% | +0.0088% | 4h | $82.9M | $135.0M | 150x | as long as short |
| OKX XAU-USDT-SWAP | +0.067% | +0.0237% | 8h | $156.6M | $263.1M | 100x | as long as short |
| StandX XAU-USD | +0.067% | +0.0040% | 1h | $3.8M | $2.6M | 40x | as long as short |
| Polymarket Perps GOLD-USD | +0.069% | +0.0144% | 1h | $4.2M | $2.1M | 20x | as long as short |
| Paradex XAU-USD-PERP | +0.073% | +0.0066% | 8h | $19K | $6K | 5x | as long as short |
| QFEX GOLD-USD | +0.074% | +0.0044% | 1h | $5.4M | $2.1M | 20x | as long as short |
| Gate XAU_USDT | +0.088% | +0.0016% | 4h | $273.5M | $392.3M | 100x | as long as short |
| Aster XAUUSD1 | +0.091% | +0.0100% | 4h | $69.5M | $240.2M | 20x | as long as short |
| Lighter RH XAU | +0.107% | +0.0128% | 1h | $20.1M | $41.3M | 25x | as long as short |
| HTX XAU-USDT | +0.117% | +0.0271% | 4h | $2.4M | $2.4M | 75x | as long as short |
| Phemex XAUUSDT | +0.126% | +0.0240% | 4h | $2.2M | $1.0M | 100x | as long as short |
| SunX XAU-USDT | +0.150% | 0.0000% | 4h | $92K | $11.2M | 20x | as long as short |
| Injective XAU/USDC PERP | +0.152% | +0.0033% | 1h | $619 | $54 | 52x | as long as short |
| Vest GC-PERP | +0.870% | +0.0046% | 1h | — | $974K | 25x | as long as short |
Coinbase International GOLD-PERP-INTX
Deribit GOLD_USDC-PERPETUAL
Bluefin
ApeX Omni
Phoenix
gTrade (Gains Network)
Extended
tradeXYZ
Pacifica
Kraken Futures
RISEx
Variational Omni
Lighter
MEXC
BloFin
Bitget
Binance
GMX
Bullet
Bybit
OKX
StandX
Polymarket Perps
Paradex
Gate
Aster
Lighter RH
HTX
Phemex
SunX
Injective