Spread before costs (cost unknown: a leg has no order-book sample)−0.084%
7d average—if it closes, per $10,000$8funding while held, a day−$0.66
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate XAU_USDT | 4,348.9 | 0.0038 | pay 0.0019% / 4h | 2h 06m | $273.5M | $398.6M | 100x |
| Short | Hotstuff GOLD-PERP | 4,345.3 | 0.0016 | get 0.0002% / 1h | 6m 04s | $33K | — | 25x |
Gate XAU_USDT
Hotstuff GOLD-PERPPrice 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
- −$8.37
- Funding while held
- −$0.66
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Net
- −$29.03
- Spread needed to break even
- 0.200%
Slippage unknown: Gate: live order book, 4 min ago; Hotstuff: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0022%
- Per $10,000 a day
- −$0.66
- 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, 4 min ago | 0.01 bp | 7.5 bp −$8 | 8.3 bp −$83 | 12.9 bp −$1,287 | 14.3 bp −$7,151 |
| Sell Hotstuff no order-book sample | — | — | — | — | — |
Hotstuff: 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.Bluefin4,342.2cheapestedgeX4,342.5+0.007%ApeX Omni4,343.6+0.033%Ondo Perps4,343.8+0.038%Phoenix4,344.7+0.058%Coinbase International4,344.7+0.058%Kalshi4,344.8+0.060%gTrade (Gains Network)4,344.9+0.061%Extended4,344.9+0.062%tradeXYZ4,345.2+0.069%Pacifica4,345.2+0.069%
Bluefin
ApeX Omni
Ondo Perps
Phoenix
Coinbase International
gTrade (Gains Network)
Extended
tradeXYZ
PacificaHotstuff4,345.3+0.072%
Variational Omni4,345.4+0.075%Kraken Futures4,346.5+0.099%RISEx4,346.9+0.108%BloFin4,347.1+0.113%Binance4,347.5+0.122%MEXC4,347.5+0.122%Lighter4,347.5+0.123%Bitget4,347.7+0.126%QFEX4,347.7+0.127%StandX4,347.8+0.129%Bullet4,348.1+0.136%Aevo4,348.1+0.137%GMX4,348.1+0.137%Bybit4,348.2+0.138%Deribit4,348.2+0.138%Phemex4,348.4+0.143%Paradex4,348.5+0.145%
Variational Omni
Kraken Futures
RISEx
BloFin
Binance
MEXC
Lighter
Bitget
QFEX
StandX
Bullet
Aevo
GMX
Bybit
Deribit
Phemex
ParadexGate4,348.9+0.155%
OKX4,349+0.157%Polymarket Perps4,349+0.157%Aster4,349+0.157%Injective4,350.4+0.190%Lighter RH4,350.5+0.190%HTX4,351+0.202%SunX4,352.1+0.228%Vest4,382.8+0.935%
OKX
Polymarket Perps
Aster
Injective
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 | −0.155% | +0.0100% | 1h | $26K | $21K | 20x | as long as short |
| edgeX XAUUSDC | −0.148% | +0.0134% | 4h | $30.2M | $56.5M | 50x | as long as short |
| ApeX Omni XAUUSDT | −0.122% | +0.0100% | 1h | $273K | $203K | 50x | as long as short |
| Ondo Perps XAU-USD.P | −0.118% | +0.0050% | 1h | $14.7M | $47.4M | 25x | as long as short |
| Phoenix GOLD | −0.097% | +0.0101% | 1h | $43K | $65K | 25x | as long as short |
| Coinbase International GOLD-PERP-INTX | −0.097% | +0.0056% | 1h | $1.9M | $5.1M | 25x | as long as short |
| Kalshi KXGOLDPERP | −0.095% | +0.0049% | 24h | $4.2M | $30.0M | 15x | as long as short |
| gTrade (Gains Network) XAU/USD | −0.094% | L +0.0002% / S −0.0003% | 1h | $266K | — | 250x | as long as short |
| Extended XAU-USD | −0.093% | +0.0040% | 1h | $13.3M | $51.1M | 25x | as long as short |
| tradeXYZ xyz:GOLD | −0.086% | +0.0050% | 1h | $294.2M | $60.4M | 25x | as long as short |
Show all 38 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Pacifica XAU | −0.086% | +0.0100% | 1h | $1.4M | $1.3M | 10x | as long as short |
| Hotstuff GOLD-PERPshort | −0.084% | +0.0016% | 1h | $33K | — | 25x | |
| Variational Omni XAU | −0.081% | +0.0109% | 4h | $47.8M | $38.1M | — | as long as short |
| Kraken Futures PF_XAUUSD | −0.057% | +0.0252% | 1h | $587K | $108K | 25x | as long as short |
| RISEx XAU/USDC | −0.047% | 0.0000% | 1h | $3.7M | $12.4M | 25x | as long as short |
| BloFin XAU-USDT | −0.042% | +0.0377% | 4h | $14.9M | $4.1M | 100x | as long as short |
| Binance XAUUSDT | −0.034% | +0.0125% | 4h | $417.2M | $2.04B | 100x | as long as short |
| MEXC XAU_USDT | −0.033% | +0.0124% | 4h | $379.6M | $364.1M | 1000x | as long as short |
| Lighter XAU | −0.033% | +0.0072% | 1h | $20.8M | $45.1M | 25x | as long as short |
| Bitget XAUUSDT | −0.030% | +0.0232% | 4h | $69.4M | $107.0M | 100x | as long as short |
| QFEX GOLD-USD | −0.029% | +0.0044% | 1h | $5.4M | $2.1M | 20x | as long as short |
| StandX XAU-USD | −0.026% | +0.0040% | 1h | $3.8M | $3.2M | 40x | as long as short |
| Bullet GOLD-USD | −0.019% | +0.0101% | 1h | $58K | $78K | 10x | as long as short |
| Aevo XAU-PERP | −0.018% | +0.0112% | 1h | $161K | $87 | 10x | as long as short |
| GMX GOLD/USD [ETH-USDC] | −0.018% | L +0.0379% / S −0.0197% | 1h | $221K | — | 111x | as long as short |
| Bybit XAUUSDT | −0.017% | +0.0054% | 4h | $83.2M | $136.2M | 150x | as long as short |
| Deribit GOLD_USDC-PERPETUAL | −0.017% | +0.0256% | 1h | $223K | $990K | 25x | as long as short |
| Phemex XAUUSDT | −0.012% | +0.0249% | 4h | $2.2M | $1.0M | 100x | as long as short |
| Paradex XAU-USD-PERP | −0.010% | +0.0066% | 8h | $19K | $6K | 5x | as long as short |
| Gate XAU_USDTlong | 0.000% | +0.0038% | 4h | $273.5M | $398.6M | 100x | |
| OKX XAU-USDT-SWAP | +0.001% | +0.0241% | 8h | $155.8M | $262.4M | 100x | as long as short |
| Polymarket Perps GOLD-USD | +0.001% | +0.0160% | 1h | $4.3M | $2.2M | 20x | as long as short |
| Aster XAUUSD1 | +0.002% | +0.0106% | 4h | $69.8M | $239.4M | 20x | as long as short |
| Injective XAU/USDC PERP | +0.034% | +0.0033% | 1h | $619 | $54 | 52x | as long as short |
| Lighter RH XAU | +0.035% | +0.0120% | 1h | $20.1M | $42.5M | 25x | as long as short |
| HTX XAU-USDT | +0.046% | +0.0262% | 4h | $2.8M | $3.2M | 75x | as long as short |
| SunX XAU-USDT | +0.073% | 0.0000% | 4h | $92K | $11.1M | 20x | as long as short |
| Vest GC-PERP | +0.779% | +0.0046% | 1h | — | $974K | 25x | as long as short |