Spread before costs (cost unknown: a leg has no order-book sample)−0.031%
7d average—if it closes, per $10,000$3funding while held, a day+$2.40
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective XAU/USDC PERP | 4,350.4 | 0.0033 | pay 0.0004% / 1h | 48m 36s | $619 | $54 | 52x |
| Short | Bybit XAUUSDT | 4,349.1 | 0.0113 | get 0.0057% / 4h | 2h 48m | $83.3M | $134.6M | 150x |
Injective XAU/USDC PERP
Bybit 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
- −$3.1
- Funding while held
- $2.4
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$11.72
- Spread needed to break even
- 0.110%
Slippage unknown: Injective: no order-book sample; Bybit: live order book, 2 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0080%
- Per $10,000 a day
- +$2.40
- 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 Injective no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 2 min ago | 0.01 bp | 5.5 bp −$6 | 5.9 bp −$59 | 10.1 bp −$1,014 | 30.9 bp −$15.4K |
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.Bluefin4,341cheapestedgeX4,343.6+0.060%Ondo Perps4,344.4+0.078%Extended4,345.2+0.097%Kalshi4,345.4+0.101%ApeX Omni4,345.5+0.103%Phoenix4,345.5+0.103%Coinbase International4,345.5+0.103%gTrade (Gains Network)4,345.5+0.104%tradeXYZ4,345.7+0.108%Hotstuff4,345.9+0.113%Deribit4,346+0.115%Pacifica4,346.4+0.124%RISEx4,346.5+0.126%Kraken Futures4,347.1+0.140%QFEX4,347.6+0.152%Bitget4,348+0.160%Variational Omni4,348.1+0.164%Polymarket Perps4,348.2+0.166%Lighter4,348.3+0.168%Binance4,348.4+0.170%MEXC4,348.4+0.171%StandX4,348.7+0.177%Phemex4,348.8+0.178%Aevo4,348.8+0.180%BloFin4,348.9+0.182%Paradex4,348.9+0.182%GMX4,348.9+0.183%Bullet4,349.1+0.185%
Bluefin
Ondo Perps
Extended
ApeX Omni
Phoenix
Coinbase International
gTrade (Gains Network)
tradeXYZ
Hotstuff
Deribit
Pacifica
RISEx
Kraken Futures
QFEX
Bitget
Variational Omni
Polymarket Perps
Lighter
Binance
MEXC
StandX
Phemex
Aevo
BloFin
Paradex
GMX
BulletBybit4,349.1+0.186%
OKX4,349.2+0.189%Gate4,349.2+0.189%Aster4,349.8+0.202%
OKX
Gate
AsterInjective4,350.4+0.217%
Lighter RH4,351+0.229%HTX4,352+0.253%SunX4,353.1+0.279%Vest4,383.5+0.979%
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 | −0.216% | +0.0386% | 1h | $26K | $23K | 20x | as long as short |
| edgeX XAUUSDC | −0.156% | +0.0125% | 4h | $30.2M | $56.5M | 50x | as long as short |
| Ondo Perps XAU-USD.P | −0.138% | +0.0050% | 1h | $14.8M | $46.7M | 25x | as long as short |
| Extended XAU-USD | −0.119% | +0.0064% | 1h | $13.3M | $52.1M | 25x | as long as short |
| Kalshi KXGOLDPERP | −0.115% | +0.0059% | 24h | $4.2M | $30.3M | 15x | as long as short |
| ApeX Omni XAUUSDT | −0.114% | +0.0100% | 1h | $273K | $203K | 50x | as long as short |
| Phoenix GOLD | −0.113% | +0.0101% | 1h | $43K | $65K | 25x | as long as short |
| Coinbase International GOLD-PERP-INTX | −0.113% | +0.0056% | 1h | $2.0M | $5.1M | 25x | as long as short |
| gTrade (Gains Network) XAU/USD | −0.112% | L +0.0002% / S −0.0003% | 1h | $267K | — | 250x | as long as short |
| tradeXYZ xyz:GOLD | −0.108% | +0.0050% | 1h | $294.5M | $60.6M | 25x | as long as short |
Show all 38 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Hotstuff GOLD-PERP | −0.104% | +0.0056% | 1h | $33K | — | 25x | as long as short |
| Deribit GOLD_USDC-PERPETUAL | −0.102% | 0.0000% | 1h | $214K | $981K | 25x | as long as short |
| Pacifica XAU | −0.092% | +0.0100% | 1h | $1.4M | $1.3M | 10x | as long as short |
| RISEx XAU/USDC | −0.090% | 0.0000% | 1h | $3.8M | $12.9M | 25x | as long as short |
| Kraken Futures PF_XAUUSD | −0.077% | +0.0252% | 1h | $587K | $110K | 25x | as long as short |
| QFEX GOLD-USD | −0.065% | +0.0044% | 1h | $5.4M | $2.1M | 20x | as long as short |
| Bitget XAUUSDT | −0.056% | +0.0240% | 4h | $69.5M | $105.0M | 100x | as long as short |
| Variational Omni XAU | −0.053% | +0.0106% | 4h | $48.0M | $41.0M | — | as long as short |
| Polymarket Perps GOLD-USD | −0.051% | +0.0110% | 1h | $4.2M | $2.0M | 20x | as long as short |
| Lighter XAU | −0.048% | +0.0080% | 1h | $20.7M | $44.4M | 25x | as long as short |
| Binance XAUUSDT | −0.046% | +0.0126% | 4h | $419.3M | $2.04B | 100x | as long as short |
| MEXC XAU_USDT | −0.046% | +0.0124% | 4h | $372.1M | $356.5M | 1000x | as long as short |
| StandX XAU-USD | −0.040% | +0.0040% | 1h | $3.8M | $2.2M | 40x | as long as short |
| Phemex XAUUSDT | −0.038% | +0.0238% | 4h | $2.2M | $1.0M | 100x | as long as short |
| Aevo XAU-PERP | −0.036% | +0.0112% | 1h | $161K | $87 | 10x | as long as short |
| BloFin XAU-USDT | −0.034% | +0.0366% | 4h | $14.9M | $4.2M | 100x | as long as short |
| Paradex XAU-USD-PERP | −0.034% | +0.0064% | 8h | $19K | $6K | 5x | as long as short |
| GMX GOLD/USD [ETH-USDC] | −0.034% | L +0.0374% / S −0.0193% | 1h | $221K | — | 111x | as long as short |
| Bullet GOLD-USD | −0.031% | +0.0099% | 1h | $59K | $77K | 10x | as long as short |
| Bybit XAUUSDTshort | −0.031% | +0.0113% | 4h | $83.3M | $134.6M | 150x | |
| OKX XAU-USDT-SWAP | −0.028% | +0.0237% | 8h | $156.7M | $262.5M | 100x | as long as short |
| Gate XAU_USDT | −0.028% | +0.0026% | 4h | $275.1M | $388.9M | 100x | as long as short |
| Aster XAUUSD1 | −0.015% | +0.0099% | 4h | $69.4M | $239.8M | 20x | as long as short |
| Injective XAU/USDC PERPlong | 0.000% | +0.0033% | 1h | $619 | $54 | 52x | |
| Lighter RH XAU | +0.013% | +0.0128% | 1h | $20.0M | $40.9M | 25x | as long as short |
| HTX XAU-USDT | +0.037% | +0.0269% | 4h | $2.4M | $2.4M | 75x | as long as short |
| SunX XAU-USDT | +0.062% | 0.0000% | 4h | $93K | $11.2M | 20x | as long as short |
| Vest GC-PERP | +0.760% | +0.0046% | 1h | — | $974K | 25x | as long as short |