Spread before costs (cost unknown: a leg has no order-book sample)−0.035%
7d average—if it closes, per $10,000$4funding while held, a day+$35.27
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kalshi KXGOLDPERP | 4,352 | 0.0106 | pay 0.0319% / 24h | 22h 19m | $4.2M | $29.4M | 15x |
| Short | Bluefin GOLD-PERP | 4,350.5 | 0.1282 | get 0.0160% / 1h | 19m 25s | $26K | $23K | 20x |
Bluefin 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
- −$3.54
- Funding while held
- $35.27
- Slippage, 4 orders
- no order book: not counted
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Fee Bluefin: 3.5 bp × 2 orders
- −$7
- Net
- $14.73
- Spread needed to break even
- 0.170%
Slippage unknown: Kalshi: live order book, 1 min ago; Bluefin: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.1176%
- Per $10,000 a day
- +$35.27
- 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 Kalshi live order book, 1 min ago | 0.46 bp | 6.6 bp −$7 | 6.7 bp −$67 | doesn't fit | doesn't fit |
| Sell Bluefin no order-book sample | — | — | — | — | — |
Bluefin: 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.Ondo Perps4,348.6cheapestCoinbase International4,350.1+0.035%Extended4,350.3+0.041%Injective4,350.4+0.043%
Ondo Perps
Coinbase International
Extended
InjectiveBluefin4,350.5+0.043%
gTrade (Gains Network)4,350.6+0.046%tradeXYZ4,350.7+0.049%Kraken Futures4,350.8+0.052%Pacifica4,351.1+0.058%edgeX4,351.2+0.061%Hotstuff4,351.3+0.063%ApeX Omni4,351.5+0.067%RISEx4,352.3+0.086%Deribit4,352.4+0.088%Phoenix4,352.5+0.090%MEXC4,352.9+0.100%Aevo4,353.1+0.105%Bullet4,353.2+0.106%QFEX4,353.2+0.106%Aster4,353.2+0.107%GMX4,353.3+0.110%OKX4,353.4+0.111%Polymarket Perps4,353.4+0.111%Binance4,353.5+0.112%Paradex4,353.5+0.113%Lighter4,353.6+0.117%Bitget4,353.9+0.121%Bybit4,354+0.126%BloFin4,354.3+0.131%Gate4,355+0.148%Variational Omni4,355.2+0.153%StandX4,355.5+0.159%Phemex4,355.5+0.160%Lighter RH4,355.7+0.164%SunX4,357.6+0.208%HTX4,357.9+0.214%Vest4,388.8+0.925%
gTrade (Gains Network)
tradeXYZ
Kraken Futures
Pacifica
Hotstuff
ApeX Omni
RISEx
Deribit
Phoenix
MEXC
Aevo
Bullet
QFEX
Aster
GMX
OKX
Polymarket Perps
Binance
Paradex
Lighter
Bitget
Bybit
BloFin
Gate
Variational Omni
StandX
Phemex
Lighter RH
SunX
HTX
VestXAU on 38 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Ondo Perps XAU-USD.P | −0.079% | +0.0050% | 1h | $14.8M | $43.5M | 25x | as long as short |
| Coinbase International GOLD-PERP-INTX | −0.044% | +0.0104% | 1h | $1.9M | $5.1M | 25x | as long as short |
| Extended XAU-USD | −0.038% | +0.0048% | 1h | $13.3M | $52.1M | 25x | as long as short |
| Injective XAU/USDC PERP | −0.036% | +0.0033% | 1h | $619 | $72K | 52x | as long as short |
| Bluefin GOLD-PERPshort | −0.035% | +0.1282% | 1h | $26K | $23K | 20x | |
| gTrade (Gains Network) XAU/USD | −0.033% | L +0.0002% / S −0.0001% | 1h | $187K | — | 250x | as long as short |
| tradeXYZ xyz:GOLD | −0.030% | +0.0050% | 1h | $294.2M | $55.7M | 25x | as long as short |
| Kraken Futures PF_XAUUSD | −0.027% | +0.0301% | 1h | $589K | $106K | 25x | as long as short |
| Pacifica XAU | −0.021% | +0.0100% | 1h | $1.4M | $1.3M | 10x | as long as short |
| edgeX XAUUSDC | −0.018% | +0.0181% | 4h | $30.3M | $53.4M | 50x | as long as short |
Show all 38 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Hotstuff GOLD-PERP | −0.016% | −0.0104% | 1h | $33K | — | 25x | as long as short |
| ApeX Omni XAUUSDT | −0.012% | +0.0100% | 1h | $273K | $203K | 50x | as long as short |
| Kalshi KXGOLDPERPlong | 0.000% | +0.0106% | 24h | $4.2M | $29.4M | 15x | |
| RISEx XAU/USDC | +0.007% | 0.0000% | 1h | $3.7M | $12.2M | 25x | as long as short |
| Deribit GOLD_USDC-PERPETUAL | +0.009% | +0.0118% | 1h | $219K | $953K | 25x | as long as short |
| Phoenix GOLD | +0.011% | +0.0107% | 1h | $53K | $54K | 25x | as long as short |
| MEXC XAU_USDT | +0.021% | +0.0162% | 4h | $370.7M | $380.4M | 1000x | as long as short |
| Aevo XAU-PERP | +0.026% | +0.0120% | 1h | $161K | $87 | 10x | as long as short |
| Bullet GOLD-USD | +0.027% | +0.0104% | 1h | $59K | $77K | 10x | as long as short |
| QFEX GOLD-USD | +0.028% | +0.0051% | 1h | $5.4M | $1.9M | 20x | as long as short |
| Aster XAUUSD1 | +0.028% | +0.0139% | 4h | $69.1M | $162.2M | 20x | as long as short |
| GMX GOLD/USD [ETH-USDC] | +0.031% | L +0.0363% / S −0.0178% | 1h | $221K | — | 111x | as long as short |
| OKX XAU-USDT-SWAP | +0.032% | +0.0239% | 8h | $157.6M | $258.0M | 100x | as long as short |
| Polymarket Perps GOLD-USD | +0.032% | +0.0194% | 1h | $4.1M | $1.8M | 20x | as long as short |
| Binance XAUUSDT | +0.033% | +0.0162% | 4h | $416.3M | $1.97B | 100x | as long as short |
| Paradex XAU-USD-PERP | +0.034% | +0.0065% | 8h | $19K | $6K | 5x | as long as short |
| Lighter XAU | +0.038% | +0.0088% | 1h | $20.7M | $44.9M | 25x | as long as short |
| Bitget XAUUSDT | +0.043% | +0.0284% | 4h | $71.9M | $93.5M | 100x | as long as short |
| Bybit XAUUSDT | +0.047% | +0.0077% | 4h | $82.1M | $129.2M | 150x | as long as short |
| BloFin XAU-USDT | +0.052% | +0.0404% | 4h | $15.4M | $4.3M | 100x | as long as short |
| Gate XAU_USDT | +0.069% | +0.0036% | 4h | $277.8M | $375.6M | 100x | as long as short |
| Variational Omni XAU | +0.074% | +0.0147% | 4h | $47.9M | $42.8M | — | as long as short |
| StandX XAU-USD | +0.080% | +0.0040% | 1h | $3.8M | $1.6M | 40x | as long as short |
| Phemex XAUUSDT | +0.081% | 0.0000% | 4h | $2.2M | $1.0M | 100x | as long as short |
| Lighter RH XAU | +0.085% | +0.0080% | 1h | $19.6M | $39.9M | 25x | as long as short |
| SunX XAU-USDT | +0.129% | 0.0000% | 4h | $93K | $11.2M | 20x | as long as short |
| HTX XAU-USDT | +0.135% | +0.0363% | 4h | $2.4M | $2.3M | 75x | as long as short |
| Vest GC-PERP | +0.846% | +0.0046% | 1h | — | $909K | 25x | as long as short |