Spread before costs (cost unknown: a leg has no order-book sample)−0.062%
7d average—if it closes, per $10,000$6funding while held, a day−$10.85
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX GOLD/USD [ETH-USDC] | 4,354.8 | L +0.0362% / S −0.0175% | pay 0.0045% / 1h | 32m 34s | $221K | — | 111x |
| Short | Hotstuff GOLD-PERP | 4,352.1 | 0 | get 0.0000% / 1h | 32m 34s | $33K | — | 25x |
GMX GOLD/USD [ETH-USDC]
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
- −$6.23
- Funding while held
- −$10.85
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Net
- −$34.09
- Spread needed to break even
- 0.170%
Slippage unknown: GMX: no order-book sample; Hotstuff: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0362%
- Per $10,000 a day
- −$10.85
- 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 GMX no order-book sample | — | — | — | — | — |
| Sell Hotstuff no order-book sample | — | — | — | — | — |
GMX and 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.Bluefin4,348.8cheapestOndo Perps4,349.4+0.014%edgeX4,349.8+0.024%Injective4,350.4+0.038%Extended4,350.8+0.046%Phoenix4,350.9+0.049%tradeXYZ4,351.1+0.054%Phemex4,351.2+0.056%ApeX Omni4,351.3+0.057%Kalshi4,351.7+0.067%gTrade (Gains Network)4,351.9+0.071%Coinbase International4,352+0.074%
Bluefin
Ondo Perps
Injective
Extended
Phoenix
tradeXYZ
Phemex
ApeX Omni
gTrade (Gains Network)
Coinbase InternationalHotstuff4,352.1+0.077%
Pacifica4,352.2+0.079%Kraken Futures4,352.7+0.089%Binance4,353.2+0.103%Aster4,353.3+0.103%Variational Omni4,353.4+0.105%QFEX4,353.4+0.106%RISEx4,353.7+0.114%Paradex4,353.8+0.115%Lighter4,353.8+0.116%MEXC4,353.8+0.116%Deribit4,354.1+0.123%Bitget4,354.2+0.126%OKX4,354.4+0.129%Bybit4,354.4+0.130%Aevo4,354.6+0.135%Bullet4,354.8+0.139%
Pacifica
Kraken Futures
Binance
Aster
Variational Omni
QFEX
RISEx
Paradex
Lighter
MEXC
Deribit
Bitget
OKX
Bybit
Aevo
BulletGMX4,354.8+0.139%
BloFin4,354.9+0.140%Gate4,355.5+0.154%Polymarket Perps4,355.7+0.159%Lighter RH4,356.3+0.173%StandX4,356.3+0.173%HTX4,358.5+0.223%SunX4,358.8+0.230%Vest4,390.6+0.962%
BloFin
Gate
Polymarket Perps
Lighter RH
StandX
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 | −0.139% | −0.0268% | 1h | $26K | $23K | 20x | as long as short |
| Ondo Perps XAU-USD.P | −0.125% | +0.0050% | 1h | $14.8M | $42.6M | 25x | as long as short |
| edgeX XAUUSDC | −0.115% | +0.0176% | 4h | $30.3M | $52.5M | 50x | as long as short |
| Injective XAU/USDC PERP | −0.101% | +0.0033% | 1h | $619 | $72K | 52x | as long as short |
| Extended XAU-USD | −0.093% | +0.0072% | 1h | $13.3M | $52.5M | 25x | as long as short |
| Phoenix GOLD | −0.090% | +0.0107% | 1h | $52K | $54K | 25x | as long as short |
| tradeXYZ xyz:GOLD | −0.085% | +0.0050% | 1h | $294.2M | $55.3M | 25x | as long as short |
| Phemex XAUUSDT | −0.083% | 0.0000% | 4h | $2.2M | $991K | 100x | as long as short |
| ApeX Omni XAUUSDT | −0.081% | +0.0100% | 1h | $273K | $203K | 50x | as long as short |
| Kalshi KXGOLDPERP | −0.072% | +0.0122% | 24h | $4.2M | $29.3M | 15x | as long as short |
Show all 38 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) XAU/USD | −0.068% | L +0.0002% / S −0.0001% | 1h | $187K | — | 250x | as long as short |
| Coinbase International GOLD-PERP-INTX | −0.065% | +0.0104% | 1h | $2.0M | $4.9M | 25x | as long as short |
| Hotstuff GOLD-PERPshort | −0.062% | 0.0000% | 1h | $33K | — | 25x | |
| Pacifica XAU | −0.060% | +0.0100% | 1h | $1.4M | $1.3M | 10x | as long as short |
| Kraken Futures PF_XAUUSD | −0.050% | +0.0301% | 1h | $589K | $106K | 25x | as long as short |
| Binance XAUUSDT | −0.036% | +0.0172% | 4h | $419.2M | $1.95B | 100x | as long as short |
| Aster XAUUSD1 | −0.036% | +0.0158% | 4h | $69.1M | $161.7M | 20x | as long as short |
| Variational Omni XAU | −0.034% | +0.0157% | 4h | $47.1M | $42.0M | — | as long as short |
| QFEX GOLD-USD | −0.032% | +0.0051% | 1h | $5.4M | $1.9M | 20x | as long as short |
| RISEx XAU/USDC | −0.025% | 0.0000% | 1h | $3.7M | $12.0M | 25x | as long as short |
| Paradex XAU-USD-PERP | −0.024% | +0.0070% | 8h | $19K | $6K | 5x | as long as short |
| Lighter XAU | −0.023% | +0.0080% | 1h | $20.6M | $44.7M | 25x | as long as short |
| MEXC XAU_USDT | −0.023% | +0.0172% | 4h | $369.4M | $377.9M | 1000x | as long as short |
| Deribit GOLD_USDC-PERPETUAL | −0.016% | +0.0072% | 1h | $200K | $929K | 25x | as long as short |
| Bitget XAUUSDT | −0.013% | +0.0292% | 4h | $71.5M | $92.6M | 100x | as long as short |
| OKX XAU-USDT-SWAP | −0.010% | +0.0253% | 8h | $159.5M | $254.0M | 100x | as long as short |
| Bybit XAUUSDT | −0.009% | +0.0108% | 4h | $82.4M | $128.0M | 150x | as long as short |
| Aevo XAU-PERP | −0.004% | +0.0128% | 1h | $161K | $87 | 10x | as long as short |
| Bullet GOLD-USD | 0.000% | +0.0121% | 1h | $59K | $78K | 10x | as long as short |
| GMX GOLD/USD [ETH-USDC]long | 0.000% | L +0.0362% / S −0.0175% | 1h | $221K | — | 111x | |
| BloFin XAU-USDT | +0.001% | +0.0413% | 4h | $15.4M | $4.3M | 100x | as long as short |
| Gate XAU_USDT | +0.015% | +0.0048% | 4h | $276.4M | $368.2M | 100x | as long as short |
| Polymarket Perps GOLD-USD | +0.020% | +0.0208% | 1h | $4.1M | $1.8M | 20x | as long as short |
| Lighter RH XAU | +0.034% | +0.0080% | 1h | $19.7M | $39.3M | 25x | as long as short |
| StandX XAU-USD | +0.034% | +0.0040% | 1h | $3.8M | $1.6M | 40x | as long as short |
| HTX XAU-USDT | +0.084% | +0.0378% | 4h | $2.4M | $2.1M | 75x | as long as short |
| SunX XAU-USDT | +0.091% | 0.0000% | 4h | $93K | $11.1M | 20x | as long as short |
| Vest GC-PERP | +0.822% | +0.0046% | 1h | — | $789K | 25x | as long as short |