Spread before costs (cost unknown: a leg has no order-book sample)−0.086%
7d average−6.271%if it closes, per $10,000$9funding while held, a day−$9.87
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX GOLD/USD [ETH-USDC] | 4,354.2 | L +0.0362% / S −0.0176% | pay 0.0045% / 1h | 28m 17s | $221K | — | 111x |
| Short | Injective XAU/USDC PERP | 4,350.4 | 0.0033 | get 0.0004% / 1h | 28m 17s | $619 | $72K | 52x |
GMX GOLD/USD [ETH-USDC]
Injective XAU/USDC 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
- −$8.62
- Funding while held
- −$9.87
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$30.52
- Spread needed to break even
- 0.120%
Slippage unknown: GMX: no order-book sample; Injective: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0329%
- Per $10,000 a day
- −$9.87
- 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 Injective no order-book sample | — | — | — | — | — |
GMX and Injective: 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.Bluefin4,347.9cheapestOndo Perps4,348.1+0.003%edgeX4,349.5+0.036%Kalshi4,350.4+0.057%Coinbase International4,350.4+0.057%
Bluefin
Ondo Perps
Coinbase InternationalInjective4,350.4+0.057%
Phoenix4,350.5+0.059%tradeXYZ4,350.8+0.066%ApeX Omni4,351.1+0.073%Extended4,351.2+0.075%Kraken Futures4,351.3+0.076%gTrade (Gains Network)4,351.3+0.077%Pacifica4,351.5+0.082%Hotstuff4,351.6+0.084%QFEX4,352.8+0.112%RISEx4,353.2+0.121%Deribit4,353.2+0.121%Paradex4,353.2+0.122%Variational Omni4,353.3+0.123%Aster4,353.8+0.134%MEXC4,353.8+0.135%Aevo4,353.8+0.136%Binance4,353.9+0.136%Lighter4,354+0.139%Bybit4,354.1+0.141%Phemex4,354.1+0.141%Bullet4,354.1+0.142%
Phoenix
tradeXYZ
ApeX Omni
Extended
Kraken Futures
gTrade (Gains Network)
Pacifica
Hotstuff
QFEX
RISEx
Deribit
Paradex
Variational Omni
Aster
MEXC
Aevo
Binance
Lighter
Bybit
Phemex
BulletGMX4,354.2+0.143%
OKX4,354.2+0.144%Polymarket Perps4,354.3+0.146%Bitget4,354.5+0.150%BloFin4,354.7+0.155%Gate4,354.8+0.157%StandX4,355.2+0.167%Lighter RH4,356.2+0.191%HTX4,357.4+0.218%SunX4,357.9+0.229%Vest4,389.7+0.960%
OKX
Polymarket Perps
Bitget
BloFin
Gate
StandX
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 | −0.143% | −0.0274% | 1h | $26K | $23K | 20x | as long as short |
| Ondo Perps XAU-USD.P | −0.140% | +0.0050% | 1h | $14.8M | $42.8M | 25x | as long as short |
| edgeX XAUUSDC | −0.107% | +0.0188% | 4h | $30.3M | $52.8M | 50x | as long as short |
| Kalshi KXGOLDPERP | −0.087% | +0.0115% | 24h | $4.2M | $29.3M | 15x | as long as short |
| Coinbase International GOLD-PERP-INTX | −0.087% | +0.0104% | 1h | $1.9M | $4.9M | 25x | as long as short |
| Injective XAU/USDC PERPshort | −0.086% | +0.0033% | 1h | $619 | $72K | 52x | |
| Phoenix GOLD | −0.084% | +0.0107% | 1h | $53K | $54K | 25x | as long as short |
| tradeXYZ xyz:GOLD | −0.078% | +0.0050% | 1h | $294.2M | $55.4M | 25x | as long as short |
| ApeX Omni XAUUSDT | −0.071% | +0.0100% | 1h | $273K | $203K | 50x | as long as short |
| Extended XAU-USD | −0.068% | +0.0056% | 1h | $13.3M | $52.0M | 25x | as long as short |
Show all 38 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Kraken Futures PF_XAUUSD | −0.067% | +0.0301% | 1h | $589K | $106K | 25x | as long as short |
| gTrade (Gains Network) XAU/USD | −0.066% | L +0.0002% / S −0.0001% | 1h | $187K | — | 250x | as long as short |
| Pacifica XAU | −0.061% | +0.0100% | 1h | $1.4M | $1.3M | 10x | as long as short |
| Hotstuff GOLD-PERP | −0.059% | +0.0136% | 1h | $33K | — | 25x | as long as short |
| QFEX GOLD-USD | −0.032% | +0.0051% | 1h | $5.4M | $1.9M | 20x | as long as short |
| RISEx XAU/USDC | −0.023% | 0.0000% | 1h | $3.7M | $12.0M | 25x | as long as short |
| Deribit GOLD_USDC-PERPETUAL | −0.022% | +0.0118% | 1h | $219K | $951K | 25x | as long as short |
| Paradex XAU-USD-PERP | −0.021% | +0.0068% | 8h | $19K | $6K | 5x | as long as short |
| Variational Omni XAU | −0.021% | +0.0156% | 4h | $47.3M | $42.0M | — | as long as short |
| Aster XAUUSD1 | −0.009% | +0.0153% | 4h | $69.1M | $161.8M | 20x | as long as short |
| MEXC XAU_USDT | −0.009% | +0.0168% | 4h | $370.0M | $378.4M | 1000x | as long as short |
| Aevo XAU-PERP | −0.008% | +0.0120% | 1h | $161K | $87 | 10x | as long as short |
| Binance XAUUSDT | −0.007% | +0.0168% | 4h | $416.0M | $1.96B | 100x | as long as short |
| Lighter XAU | −0.005% | +0.0088% | 1h | $20.7M | $44.8M | 25x | as long as short |
| Bybit XAUUSDT | −0.002% | +0.0097% | 4h | $82.3M | $128.3M | 150x | as long as short |
| Phemex XAUUSDT | −0.002% | 0.0000% | 4h | $2.2M | $1.0M | 100x | as long as short |
| Bullet GOLD-USD | −0.002% | +0.0110% | 1h | $59K | $78K | 10x | as long as short |
| GMX GOLD/USD [ETH-USDC]long | 0.000% | L +0.0362% / S −0.0176% | 1h | $221K | — | 111x | |
| OKX XAU-USDT-SWAP | +0.001% | +0.0249% | 8h | $159.1M | $254.8M | 100x | as long as short |
| Polymarket Perps GOLD-USD | +0.003% | +0.0200% | 1h | $4.1M | $1.8M | 20x | as long as short |
| Bitget XAUUSDT | +0.007% | +0.0290% | 4h | $71.6M | $92.8M | 100x | as long as short |
| BloFin XAU-USDT | +0.012% | +0.0409% | 4h | $15.5M | $4.3M | 100x | as long as short |
| Gate XAU_USDT | +0.013% | +0.0046% | 4h | $278.4M | $369.9M | 100x | as long as short |
| StandX XAU-USD | +0.024% | +0.0040% | 1h | $3.8M | $1.6M | 40x | as long as short |
| Lighter RH XAU | +0.047% | +0.0072% | 1h | $19.7M | $39.3M | 25x | as long as short |
| HTX XAU-USDT | +0.075% | +0.0373% | 4h | $2.4M | $2.1M | 75x | as long as short |
| SunX XAU-USDT | +0.086% | 0.0000% | 4h | $93K | $11.1M | 20x | as long as short |
| Vest GC-PERP | +0.816% | +0.0046% | 1h | — | $789K | 25x | as long as short |