After costs, if the gap returns to its 7d average, $10k−$18
spread now−0.055%7d average−0.155%fees + slippage, in and out−$28spread needed0.275%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate XAU_USDT | 4,344.4 | 0.0054 | pay 0.0027% / 4h | 1h 27m | $262.1M | $340.9M | 100x |
| Short | Deribit GOLD_USDC-PERPETUAL | 4,342 | 0.0234 | get 0.0029% / 1h | 27m 09s | $202K | $906K | 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
- −$5.48
- Funding while held
- $5.4
- Slippage, 4 orders
- −$5.5
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$27.58
- Spread needed to break even
- 0.275%
Slippage from Gate: live order book, 3 min ago; Deribit: live order book, 58 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0180%
- Per $10,000 a day
- +$5.40
- 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 Gate live order book, 3 min ago | 0.01 bp | 8.4 bp −$8 | 10.0 bp −$100 | 12.9 bp −$1,294 | 14.3 bp −$7,149 |
| Sell Deribit live order book, 58 min ago | 0.12 bp | 7.9 bp −$8 | 9.8 bp −$98 | 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 | −0.161% | +0.4959% | 1h | $26K | $23K | 20x | as long as short |
| Extended XAU-USD | −0.119% | +0.0032% | 1h | $13.3M | $53.1M | 25x | as long as short |
| gTrade (Gains Network) XAU/USD | −0.117% | L +0.0002% / S −0.0001% | 1h | $186K | — | 250x | as long as short |
| Ondo Perps XAU-USD.P | −0.110% | +0.0050% | 1h | $14.7M | $39.9M | 25x | as long as short |
| tradeXYZ xyz:GOLD | −0.101% | +0.0050% | 1h | $293.9M | $52.8M | 25x | as long as short |
| Coinbase International GOLD-PERP-INTX | −0.099% | +0.0120% | 1h | $2.0M | $4.7M | 25x | as long as short |
| Pacifica XAU | −0.089% | +0.0100% | 1h | $1.4M | $1.3M | 10x | as long as short |
| Kraken Futures PF_XAUUSD | −0.083% | +0.0274% | 1h | $588K | $104K | 25x | as long as short |
| Hotstuff GOLD-PERP | −0.080% | +0.0144% | 1h | $33K | — | 25x | as long as short |
| Phoenix GOLD | −0.062% | +0.0123% | 1h | $52K | $53K | 25x | as long as short |
Show all 38 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| edgeX XAUUSDC | −0.059% | +0.0157% | 4h | $30.2M | $47.6M | 50x | as long as short |
| Deribit GOLD_USDC-PERPETUALshort | −0.055% | +0.0234% | 1h | $202K | $906K | 25x | |
| ApeX Omni XAUUSDT | −0.053% | +0.0100% | 1h | $273K | $203K | 50x | as long as short |
| QFEX GOLD-USD | −0.041% | +0.0040% | 1h | $5.4M | $2.1M | 20x | as long as short |
| Lighter XAU | −0.037% | +0.0088% | 1h | $20.6M | $42.9M | 25x | as long as short |
| Aevo XAU-PERP | −0.036% | +0.0120% | 1h | $161K | $43 | 10x | as long as short |
| Paradex XAU-USD-PERP | −0.035% | +0.0062% | 8h | $19K | $6K | 5x | as long as short |
| Kalshi KXGOLDPERP | −0.029% | +0.0166% | 24h | $4.0M | $22.1M | 15x | as long as short |
| RISEx XAU/USDC | −0.022% | 0.0000% | 1h | $3.8M | $10.9M | 25x | as long as short |
| Binance XAUUSDT | −0.011% | +0.0147% | 4h | $441.0M | $1.77B | 100x | as long as short |
| GMX GOLD/USD [ETH-USDC] | −0.009% | L +0.0352% / S −0.0166% | 1h | $219K | — | 111x | as long as short |
| Bullet GOLD-USD | −0.009% | +0.0225% | 1h | $58K | $78K | 10x | as long as short |
| Aster XAUUSD1 | −0.007% | +0.0151% | 4h | $68.3M | $158.8M | 20x | as long as short |
| Bitget XAUUSDT | −0.007% | +0.0244% | 4h | $66.8M | $86.4M | 100x | as long as short |
| OKX XAU-USDT-SWAP | −0.006% | +0.0265% | 8h | $157.0M | $239.7M | 100x | as long as short |
| MEXC XAU_USDT | −0.006% | +0.0146% | 4h | $368.5M | $361.1M | 1000x | as long as short |
| BloFin XAU-USDT | −0.006% | +0.0387% | 4h | $14.9M | $4.1M | 100x | as long as short |
| Gate XAU_USDTlong | 0.000% | +0.0054% | 4h | $262.1M | $340.9M | 100x | |
| Variational Omni XAU | +0.003% | +0.0133% | 4h | $47.1M | $42.9M | — | as long as short |
| Polymarket Perps GOLD-USD | +0.005% | +0.0290% | 1h | $4.1M | $1.8M | 20x | as long as short |
| Bybit XAUUSDT | +0.009% | +0.0087% | 4h | $81.7M | $123.1M | 150x | as long as short |
| Lighter RH XAU | +0.012% | +0.0088% | 1h | $19.6M | $38.8M | 25x | as long as short |
| Phemex XAUUSDT | +0.034% | +0.0198% | 4h | $2.2M | $961K | 100x | as long as short |
| StandX XAU-USD | +0.063% | +0.0040% | 1h | $3.7M | $1.4M | 40x | as long as short |
| HTX XAU-USDT | +0.086% | +0.0399% | 4h | $2.4M | $1.8M | 75x | as long as short |
| SunX XAU-USDT | +0.088% | 0.0000% | 4h | $92K | $10.2M | 20x | as long as short |
| Injective XAU/USDC PERP | +0.139% | +0.0033% | 1h | $619 | $146K | 52x | as long as short |
| Vest GC-PERP | +0.774% | +0.0046% | 1h | — | $629K | 25x | as long as short |
Gate XAU_USDT
Deribit GOLD_USDC-PERPETUAL
Bluefin
Extended
gTrade (Gains Network)
tradeXYZ
Coinbase International
Pacifica
Kraken Futures
Phoenix
ApeX Omni
Lighter
Paradex
RISEx
Binance
GMX
Bullet
Aster
Bitget
OKX
MEXC
BloFin
Variational Omni
Polymarket Perps
Bybit
Lighter RH
Phemex
StandX
HTX
SunX
Injective