After costs, if the gap returns to its 7d average, $10k−$284
spread now+0.039%7d average+0.037%fees + slippage, in and out−$284spread needed2.841%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) XAU/USD | 4,344.8 | L +0.0002% / S −0.0003% | pay 0.0000% / 1h | 7m 02s | $267K | — | 250x |
| Short | Kraken Futures PF_XAUUSD | 4,346.5 | 0.0185 | get 0.0023% / 1h | 7m 02s | $587K | $110K | 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
- $3.88
- Funding while held
- $5.5
- Slippage, 4 orders
- −$267.09
- Fee gTrade (Gains Network): 3.5 bp × 2 orders
- −$7
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$274.72
- Spread needed to break even
- 2.841%
Slippage from gTrade (Gains Network): virtual book (oracle venue), 13 min ago; Kraken Futures: live order book, 37 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0183%
- Per $10,000 a day
- +$5.50
- 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 gTrade (Gains Network) virtual book (oracle venue), 13 min ago | 130.01 bp | 133.5 bp −$134 | 196.7 bp −$1,967 | 1352.9 bp −$135.3K | 5907.8 bp −$2.95M |
| Sell Kraken Futures live order book, 37 min ago | 1.76 bp | 6.8 bp −$7 | 17.3 bp −$173 | 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 | −0.001% | +0.8000% | 1h | $26K | $23K | 20x | as long as short |
| gTrade (Gains Network) XAU/USDlong | 0.000% | L +0.0002% / S −0.0003% | 1h | $267K | — | 250x | |
| tradeXYZ xyz:GOLD | 0.000% | +0.0050% | 1h | $294.8M | $60.2M | 25x | as long as short |
| Ondo Perps XAU-USD.P | +0.002% | +0.0050% | 1h | $14.8M | $46.5M | 25x | as long as short |
| Extended XAU-USD | +0.006% | +0.0136% | 1h | $13.3M | $52.2M | 25x | as long as short |
| Kalshi KXGOLDPERP | +0.017% | +0.0066% | 24h | $4.2M | $30.3M | 15x | as long as short |
| edgeX XAUUSDC | +0.028% | +0.0134% | 4h | $30.3M | $56.3M | 50x | as long as short |
| ApeX Omni XAUUSDT | +0.032% | +0.0100% | 1h | $273K | $203K | 50x | as long as short |
| Pacifica XAU | +0.033% | +0.0100% | 1h | $1.4M | $1.3M | 10x | as long as short |
| Bitget XAUUSDT | +0.037% | +0.0264% | 4h | $70.4M | $103.1M | 100x | as long as short |
Show all 38 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Kraken Futures PF_XAUUSDshort | +0.039% | +0.0185% | 1h | $587K | $110K | 25x | |
| Coinbase International GOLD-PERP-INTX | +0.042% | +0.0064% | 1h | $1.9M | $5.1M | 25x | as long as short |
| Binance XAUUSDT | +0.044% | +0.0131% | 4h | $418.2M | $2.06B | 100x | as long as short |
| RISEx XAU/USDC | +0.048% | 0.0000% | 1h | $3.9M | $12.8M | 25x | as long as short |
| Hotstuff GOLD-PERP | +0.049% | +0.0072% | 1h | $33K | — | 25x | as long as short |
| Lighter XAU | +0.053% | +0.0096% | 1h | $20.7M | $45.0M | 25x | as long as short |
| Bybit XAUUSDT | +0.053% | +0.0142% | 4h | $83.3M | $134.3M | 150x | as long as short |
| MEXC XAU_USDT | +0.056% | +0.0130% | 4h | $370.4M | $387.0M | 1000x | as long as short |
| BloFin XAU-USDT | +0.058% | +0.0371% | 4h | $15.0M | $4.2M | 100x | as long as short |
| Deribit GOLD_USDC-PERPETUAL | +0.058% | +0.0256% | 1h | $214K | $977K | 25x | as long as short |
| Phoenix GOLD | +0.074% | +0.0061% | 1h | $43K | $55K | 25x | as long as short |
| Aster XAUUSD1 | +0.077% | +0.0101% | 4h | $69.2M | $239.7M | 20x | as long as short |
| Gate XAU_USDT | +0.080% | +0.0008% | 4h | $275.6M | $391.9M | 100x | as long as short |
| GMX GOLD/USD [ETH-USDC] | +0.083% | L +0.0371% / S −0.0190% | 1h | $221K | — | 111x | as long as short |
| OKX XAU-USDT-SWAP | +0.083% | +0.0236% | 8h | $157.5M | $260.8M | 100x | as long as short |
| Aevo XAU-PERP | +0.091% | +0.0112% | 1h | $161K | $87 | 10x | as long as short |
| Bullet GOLD-USD | +0.092% | +0.0100% | 1h | $59K | $77K | 10x | as long as short |
| QFEX GOLD-USD | +0.097% | +0.0029% | 1h | $5.4M | $2.0M | 20x | as long as short |
| Polymarket Perps GOLD-USD | +0.097% | +0.0198% | 1h | $4.2M | $1.9M | 20x | as long as short |
| Variational Omni XAU | +0.101% | +0.0109% | 4h | $48.0M | $42.6M | — | as long as short |
| StandX XAU-USD | +0.106% | +0.0040% | 1h | $3.8M | $1.9M | 40x | as long as short |
| Lighter RH XAU | +0.113% | +0.0144% | 1h | $19.9M | $41.6M | 25x | as long as short |
| Paradex XAU-USD-PERP | +0.114% | +0.0067% | 8h | $19K | $6K | 5x | as long as short |
| Phemex XAUUSDT | +0.124% | +0.0311% | 4h | $2.2M | $1.0M | 100x | as long as short |
| Injective XAU/USDC PERP | +0.130% | +0.0033% | 1h | $619 | $54 | 52x | as long as short |
| HTX XAU-USDT | +0.157% | +0.0306% | 4h | $2.4M | $2.4M | 75x | as long as short |
| SunX XAU-USDT | +0.169% | 0.0000% | 4h | $92K | $11.4M | 20x | as long as short |
| Vest GC-PERP | +0.896% | +0.0046% | 1h | — | $974K | 25x | as long as short |
gTrade (Gains Network) XAU/USD
Kraken Futures PF_XAUUSD
Bluefin
tradeXYZ
Extended
ApeX Omni
Pacifica
Bitget
Coinbase International
Binance
RISEx
Lighter
Bybit
MEXC
BloFin
Deribit
Phoenix
Aster
Gate
GMX
OKX
Bullet
Polymarket Perps
Variational Omni
StandX
Lighter RH
Paradex
Phemex
Injective
HTX
SunX