data as of
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Price arb /

XAU

RWAall XAU markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Spread before costs (cost unknown: a leg has no order-book sample)+0.075%
7d average—if it closes, per $10,000$8funding while held, a day−$7.07
Long on Kraken FuturesShort on Paradex
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_XAUUSD4,351.90.0301pay 0.0038% / 1h21m 10s$589K$106K25x
ShortParadex XAU-USD-PERP4,355.20.0065get 0.0065% / 8h21m 10s$19K$6K5x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
$7.52
Funding while held
−$7.07
Slippage, 4 orders
no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee Paradex: 2 bp × 2 orders
−$4
Net
−$13.55
Spread needed to break even
0.140%
Slippage unknown: Kraken Futures: live order book, 28 min ago; Paradex: no order-book sample. Net counts fees only.

Cost of waiting

funding view
Funding /8h
−0.0236%
Per $10,000 a day
−$7.07
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Kraken Futures live order book, 28 min ago2.47 bp8.1 bp −$812.1 bp −$121doesn't fitdoesn't fit
Sell Paradex no order-book sample—————
Paradex: 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.
Coinbase International4,350.2cheapestOndo Perps4,350.3+0.001%Injective4,350.4+0.005%Extended4,351+0.018%gTrade (Gains Network)4,351.1+0.020%Bluefin4,351.3+0.025%tradeXYZ4,351.3+0.025%Kalshi4,351.3+0.025%Hotstuff4,351.6+0.032%
Kraken Futures4,351.9+0.039%
edgeX4,352.3+0.049%Pacifica4,353.6+0.078%Deribit4,353.7+0.080%ApeX Omni4,353.8+0.083%Binance4,354.1+0.089%RISEx4,354.1+0.089%Aster4,354.1+0.090%GMX4,354.2+0.092%BloFin4,354.3+0.093%OKX4,354.3+0.094%Bullet4,354.3+0.094%QFEX4,354.4+0.097%Lighter4,354.4+0.097%Aevo4,354.4+0.097%Bitget4,354.4+0.097%Phoenix4,354.5+0.099%MEXC4,354.6+0.100%Variational Omni4,354.6+0.101%Polymarket Perps4,354.8+0.106%
Paradex4,355.2+0.115%
Bybit4,355.3+0.117%Phemex4,355.4+0.119%Gate4,355.5+0.121%StandX4,356.3+0.140%Lighter RH4,357.3+0.164%SunX4,358.6+0.193%HTX4,359+0.202%Vest4,390.4+0.924%

XAU on 38 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Coinbase International GOLD-PERP-INTX−0.039%+0.0104%1h$1.9M$5.1M25xas long as short
Ondo Perps XAU-USD.P−0.038%+0.0050%1h$14.8M$43.4M25xas long as short
Injective XAU/USDC PERP−0.034%+0.0033%1h$619$72K52xas long as short
Extended XAU-USD−0.021%+0.0048%1h$13.3M$52.1M25xas long as short
gTrade (Gains Network) XAU/USD−0.020%L +0.0002% / S −0.0001%1h$187K—250xas long as short
Bluefin GOLD-PERP−0.015%−0.0285%1h$26K$23K20xas long as short
tradeXYZ xyz:GOLD−0.014%+0.0050%1h$294.3M$55.6M25xas long as short
Kalshi KXGOLDPERP−0.014%+0.0108%24h$4.2M$29.4M15xas long as short
Hotstuff GOLD-PERP−0.007%−0.0104%1h$33K—25xas long as short
Kraken Futures PF_XAUUSDlong0.000%+0.0301%1h$589K$106K25x
Show all 38 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
edgeX XAUUSDC+0.009%+0.0185%4h$30.3M$53.3M50xas long as short
Pacifica XAU+0.039%+0.0100%1h$1.4M$1.3M10xas long as short
Deribit GOLD_USDC-PERPETUAL+0.041%+0.0187%1h$219K$953K25xas long as short
ApeX Omni XAUUSDT+0.044%+0.0100%1h$273K$203K50xas long as short
Binance XAUUSDT+0.049%+0.0164%4h$416.3M$1.97B100xas long as short
RISEx XAU/USDC+0.050%0.0000%1h$3.7M$12.3M25xas long as short
Aster XAUUSD1+0.051%+0.0143%4h$69.1M$162.2M20xas long as short
GMX GOLD/USD [ETH-USDC]+0.053%L +0.0363% / S −0.0177%1h$221K—111xas long as short
BloFin XAU-USDT+0.054%+0.0404%4h$15.4M$4.3M100xas long as short
OKX XAU-USDT-SWAP+0.055%+0.0241%8h$157.7M$257.9M100xas long as short
Bullet GOLD-USD+0.055%+0.0106%1h$59K$77K10xas long as short
QFEX GOLD-USD+0.057%+0.0051%1h$5.4M$1.9M20xas long as short
Lighter XAU+0.058%+0.0088%1h$20.7M$44.9M25xas long as short
Aevo XAU-PERP+0.058%+0.0120%1h$161K$8710xas long as short
Bitget XAUUSDT+0.058%+0.0286%4h$71.9M$93.4M100xas long as short
Phoenix GOLD+0.059%+0.0107%1h$53K$54K25xas long as short
MEXC XAU_USDT+0.061%+0.0164%4h$371.2M$380.1M1000xas long as short
Variational Omni XAU+0.062%+0.0150%4h$47.6M$42.6M—as long as short
Polymarket Perps GOLD-USD+0.066%+0.0196%1h$4.1M$1.8M20xas long as short
Paradex XAU-USD-PERPshort+0.075%+0.0065%8h$19K$6K5x
Bybit XAUUSDT+0.077%+0.0084%4h$82.1M$129.1M150xas long as short
Phemex XAUUSDT+0.079%0.0000%4h$2.2M$1.0M100xas long as short
Gate XAU_USDT+0.082%+0.0036%4h$280.2M$374.2M100xas long as short
StandX XAU-USD+0.101%+0.0040%1h$3.8M$1.6M40xas long as short
Lighter RH XAU+0.124%+0.0080%1h$19.8M$39.7M25xas long as short
SunX XAU-USDT+0.154%0.0000%4h$93K$11.2M20xas long as short
HTX XAU-USDT+0.163%+0.0364%4h$2.4M$2.3M75xas long as short
Vest GC-PERP+0.884%+0.0046%1h—$909K25xas long as short