Spread before costs (cost unknown: a leg has no order-book sample)+0.092%
7d average—if it closes, per $10,000$9funding while held, a day+$1.03
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hotstuff GOLD-PERP | 4,342.3 | 0.0112 | pay 0.0014% / 1h | 28m 42s | $33K | — | 25x |
| Short | Binance XAUUSDT | 4,346.3 | 0.0146 | get 0.0073% / 4h | 1h 28m | $441.3M | $1.77B | 100x |
Hotstuff GOLD-PERP
Binance XAUUSDTPrice 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
- $9.23
- Funding while held
- $1.03
- Slippage, 4 orders
- no order book: not counted
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$4.74
- Spread needed to break even
- 0.150%
Slippage unknown: Hotstuff: no order-book sample; Binance: live order book, 2 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0034%
- Per $10,000 a day
- +$1.03
- 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 Hotstuff no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 2 min ago | 0.01 bp | 5.0 bp −$5 | 5.0 bp −$50 | 6.0 bp −$604 | doesn't fit |
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.edgeX4,338.7cheapestPhoenix4,338.8+0.002%Bluefin4,339.9+0.028%Extended4,341.8+0.072%Ondo Perps4,341.8+0.072%ApeX Omni4,342.1+0.078%
Phoenix
Bluefin
Extended
Ondo Perps
ApeX OmniHotstuff4,342.3+0.083%
tradeXYZ4,342.4+0.085%Pacifica4,343.3+0.106%gTrade (Gains Network)4,343.3+0.106%Coinbase International4,344.1+0.124%Kraken Futures4,344.2+0.127%Variational Omni4,344.5+0.134%Lighter4,345+0.145%QFEX4,345.1+0.147%Kalshi4,345.5+0.157%Paradex4,345.9+0.167%RISEx4,346+0.167%Bitget4,346.3+0.175%
tradeXYZ
Pacifica
gTrade (Gains Network)
Coinbase International
Kraken Futures
Variational Omni
Lighter
QFEX
Paradex
RISEx
BitgetBinance4,346.3+0.175%
OKX4,346.4+0.177%MEXC4,346.4+0.177%Gate4,346.5+0.179%Aster4,346.5+0.180%Deribit4,346.7+0.184%Aevo4,346.8+0.186%Bybit4,347+0.191%StandX4,347.1+0.193%BloFin4,347.2+0.195%Lighter RH4,347.3+0.198%Polymarket Perps4,347.4+0.200%Bullet4,347.7+0.206%GMX4,348.2+0.218%Phemex4,348.4+0.224%HTX4,349.9+0.259%Injective4,350.4+0.270%SunX4,351.6+0.297%Vest4,380.4+0.961%
OKX
MEXC
Gate
Aster
Deribit
Aevo
Bybit
StandX
BloFin
Lighter RH
Polymarket Perps
Bullet
GMX
Phemex
HTX
Injective
SunX
VestXAU on 38 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| edgeX XAUUSDC | −0.083% | +0.0151% | 4h | $30.2M | $47.3M | 50x | as long as short |
| Phoenix GOLD | −0.081% | +0.0123% | 1h | $52K | $53K | 25x | as long as short |
| Bluefin GOLD-PERP | −0.054% | +0.5353% | 1h | $26K | $23K | 20x | as long as short |
| Extended XAU-USD | −0.011% | +0.0032% | 1h | $13.3M | $53.1M | 25x | as long as short |
| Ondo Perps XAU-USD.P | −0.011% | +0.0050% | 1h | $14.7M | $39.8M | 25x | as long as short |
| ApeX Omni XAUUSDT | −0.005% | +0.0100% | 1h | $273K | $203K | 50x | as long as short |
| Hotstuff GOLD-PERPlong | 0.000% | +0.0112% | 1h | $33K | — | 25x | |
| tradeXYZ xyz:GOLD | +0.002% | +0.0050% | 1h | $294.1M | $52.8M | 25x | as long as short |
| Pacifica XAU | +0.023% | +0.0100% | 1h | $1.4M | $1.3M | 10x | as long as short |
| gTrade (Gains Network) XAU/USD | +0.023% | L +0.0002% / S −0.0001% | 1h | $187K | — | 250x | as long as short |
Show all 38 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Coinbase International GOLD-PERP-INTX | +0.041% | +0.0120% | 1h | $2.0M | $4.7M | 25x | as long as short |
| Kraken Futures PF_XAUUSD | +0.045% | +0.0274% | 1h | $588K | $104K | 25x | as long as short |
| Variational Omni XAU | +0.051% | +0.0133% | 4h | $47.1M | $42.9M | — | as long as short |
| Lighter XAU | +0.062% | +0.0088% | 1h | $20.6M | $42.8M | 25x | as long as short |
| QFEX GOLD-USD | +0.064% | +0.0040% | 1h | $5.4M | $2.1M | 20x | as long as short |
| Kalshi KXGOLDPERP | +0.074% | +0.0165% | 24h | $4.0M | $21.8M | 15x | as long as short |
| Paradex XAU-USD-PERP | +0.084% | +0.0061% | 8h | $19K | $6K | 5x | as long as short |
| RISEx XAU/USDC | +0.084% | 0.0000% | 1h | $3.8M | $10.9M | 25x | as long as short |
| Bitget XAUUSDT | +0.092% | +0.0240% | 4h | $66.7M | $86.2M | 100x | as long as short |
| Binance XAUUSDTshort | +0.092% | +0.0146% | 4h | $441.3M | $1.77B | 100x | |
| OKX XAU-USDT-SWAP | +0.094% | +0.0265% | 8h | $157.1M | $239.2M | 100x | as long as short |
| MEXC XAU_USDT | +0.094% | +0.0142% | 4h | $368.3M | $360.6M | 1000x | as long as short |
| Gate XAU_USDT | +0.096% | +0.0058% | 4h | $260.8M | $340.1M | 100x | as long as short |
| Aster XAUUSD1 | +0.097% | +0.0150% | 4h | $68.4M | $158.7M | 20x | as long as short |
| Deribit GOLD_USDC-PERPETUAL | +0.101% | +0.0233% | 1h | $203K | $904K | 25x | as long as short |
| Aevo XAU-PERP | +0.103% | +0.0120% | 1h | $161K | $43 | 10x | as long as short |
| Bybit XAUUSDT | +0.108% | +0.0086% | 4h | $81.7M | $123.0M | 150x | as long as short |
| StandX XAU-USD | +0.111% | +0.0040% | 1h | $3.7M | $1.4M | 40x | as long as short |
| BloFin XAU-USDT | +0.112% | +0.0385% | 4h | $15.0M | $4.1M | 100x | as long as short |
| Lighter RH XAU | +0.115% | +0.0088% | 1h | $19.6M | $38.7M | 25x | as long as short |
| Polymarket Perps GOLD-USD | +0.117% | +0.0286% | 1h | $4.1M | $1.8M | 20x | as long as short |
| Bullet GOLD-USD | +0.123% | +0.0222% | 1h | $59K | $78K | 10x | as long as short |
| GMX GOLD/USD [ETH-USDC] | +0.136% | L +0.0352% / S −0.0166% | 1h | $220K | — | 111x | as long as short |
| Phemex XAUUSDT | +0.141% | +0.0205% | 4h | $2.2M | $961K | 100x | as long as short |
| HTX XAU-USDT | +0.176% | +0.0399% | 4h | $2.4M | $1.8M | 75x | as long as short |
| Injective XAU/USDC PERP | +0.187% | +0.0033% | 1h | $619 | $146K | 52x | as long as short |
| SunX XAU-USDT | +0.214% | 0.0000% | 4h | $92K | $10.1M | 20x | as long as short |
| Vest GC-PERP | +0.877% | +0.0046% | 1h | — | $629K | 25x | as long as short |