After costs, if the gap returns to its 7d average, $10k−$270
spread now−0.125%7d average−0.123%fees + slippage, in and out−$270spread needed2.698%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH XAU | 4,342.2 | 0.0088 | pay 0.0011% / 1h | 21m 02s | $19.6M | $38.9M | 25x |
| Short | gTrade (Gains Network) XAU/USD | 4,336.8 | L +0.0002% / S −0.0001% | get 0.0000% / 1h | 21m 02s | $186K | — | 250x |
Price 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
- −$12.46
- Funding while held
- −$2.6
- Slippage, 4 orders
- −$262.76
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee gTrade (Gains Network): 3.5 bp × 2 orders
- −$7
- Net
- −$284.82
- Spread needed to break even
- 2.698%
Slippage from Lighter RH: live order book, 4 min ago; gTrade (Gains Network): virtual book (oracle venue), 9 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0087%
- Per $10,000 a day
- −$2.60
- 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 Lighter RH live order book, 4 min ago | 0.79 bp | 1.0 bp −$1 | 1.2 bp −$12 | 13.6 bp −$1,363 | doesn't fit |
| Sell gTrade (Gains Network) virtual book (oracle venue), 9 min ago | 130.01 bp | 133.5 bp −$134 | 243.0 bp −$2,430 | 1975.4 bp −$197.5K | doesn't fit |
XAU price on every exchange
against the cheapest. Click to use as the short leg.XAU on 38 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bluefin GOLD-PERP | −0.184% | +0.4017% | 1h | $26K | $23K | 20x | as long as short |
| Ondo Perps XAU-USD.P | −0.134% | +0.0050% | 1h | $14.7M | $40.2M | 25x | as long as short |
| Hotstuff GOLD-PERP | −0.128% | +0.0072% | 1h | $33K | — | 25x | as long as short |
| gTrade (Gains Network) XAU/USDshort | −0.125% | L +0.0002% / S −0.0001% | 1h | $186K | — | 250x | |
| Extended XAU-USD | −0.123% | +0.0056% | 1h | $13.3M | $52.8M | 25x | as long as short |
| Coinbase International GOLD-PERP-INTX | −0.114% | +0.0120% | 1h | $2.0M | $4.7M | 25x | as long as short |
| Kraken Futures PF_XAUUSD | −0.109% | +0.0274% | 1h | $587K | $104K | 25x | as long as short |
| tradeXYZ xyz:GOLD | −0.105% | +0.0050% | 1h | $293.6M | $53.1M | 25x | as long as short |
| Pacifica XAU | −0.100% | +0.0100% | 1h | $1.4M | $1.3M | 10x | as long as short |
| Phoenix GOLD | −0.084% | +0.0123% | 1h | $52K | $53K | 25x | as long as short |
Show all 38 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Kalshi KXGOLDPERP | −0.082% | +0.0168% | 24h | $4.0M | $22.4M | 15x | as long as short |
| ApeX Omni XAUUSDT | −0.077% | +0.0100% | 1h | $272K | $203K | 50x | as long as short |
| edgeX XAUUSDC | −0.070% | +0.0163% | 4h | $30.2M | $48.2M | 50x | as long as short |
| QFEX GOLD-USD | −0.056% | +0.0040% | 1h | $5.4M | $2.2M | 20x | as long as short |
| Paradex XAU-USD-PERP | −0.051% | +0.0066% | 8h | $19K | $6K | 5x | as long as short |
| RISEx XAU/USDC | −0.048% | 0.0000% | 1h | $3.8M | $10.9M | 25x | as long as short |
| Lighter XAU | −0.047% | +0.0088% | 1h | $20.6M | $43.0M | 25x | as long as short |
| Aevo XAU-PERP | −0.042% | +0.0120% | 1h | $161K | $43 | 10x | as long as short |
| Deribit GOLD_USDC-PERPETUAL | −0.040% | +0.0257% | 1h | $201K | $909K | 25x | as long as short |
| Binance XAUUSDT | −0.028% | +0.0154% | 4h | $441.8M | $1.79B | 100x | as long as short |
| Aster XAUUSD1 | −0.025% | +0.0153% | 4h | $68.3M | $158.9M | 20x | as long as short |
| Bullet GOLD-USD | −0.022% | +0.0230% | 1h | $58K | $78K | 10x | as long as short |
| OKX XAU-USDT-SWAP | −0.022% | +0.0265% | 8h | $156.8M | $241.0M | 100x | as long as short |
| BloFin XAU-USDT | −0.018% | +0.0394% | 4h | $15.0M | $4.2M | 100x | as long as short |
| MEXC XAU_USDT | −0.018% | +0.0152% | 4h | $370.6M | $363.0M | 1000x | as long as short |
| GMX GOLD/USD [ETH-USDC] | −0.018% | L +0.0352% / S −0.0167% | 1h | $219K | — | 111x | as long as short |
| Bybit XAUUSDT | −0.014% | +0.0096% | 4h | $81.6M | $123.5M | 150x | as long as short |
| Polymarket Perps GOLD-USD | −0.008% | +0.0302% | 1h | $4.1M | $1.8M | 20x | as long as short |
| Lighter RH XAUlong | 0.000% | +0.0088% | 1h | $19.6M | $38.9M | 25x | |
| Bitget XAUUSDT | +0.003% | +0.0256% | 4h | $66.7M | $86.7M | 100x | as long as short |
| StandX XAU-USD | +0.008% | +0.0040% | 1h | $3.7M | $1.4M | 40x | as long as short |
| Variational Omni XAU | +0.013% | +0.0133% | 4h | $47.1M | $43.0M | — | as long as short |
| Gate XAU_USDT | +0.021% | +0.0058% | 4h | $261.9M | $343.1M | 100x | as long as short |
| Phemex XAUUSDT | +0.037% | +0.0234% | 4h | $2.2M | $961K | 100x | as long as short |
| HTX XAU-USDT | +0.048% | +0.0403% | 4h | $2.4M | $1.8M | 75x | as long as short |
| SunX XAU-USDT | +0.079% | 0.0000% | 4h | $92K | $10.3M | 20x | as long as short |
| Injective XAU/USDC PERP | +0.188% | +0.0033% | 1h | $619 | $146K | 52x | as long as short |
| Vest GC-PERP | +0.743% | +0.0046% | 1h | — | $631K | 25x | as long as short |
Lighter RH XAU
gTrade (Gains Network) XAU/USD
Bluefin
Extended
Coinbase International
Kraken Futures
tradeXYZ
Pacifica
Phoenix
ApeX Omni
Paradex
RISEx
Lighter
Deribit
Binance
Aster
Bullet
OKX
BloFin
MEXC
GMX
Bybit
Polymarket Perps
Bitget
StandX
Variational Omni
Gate
Phemex
HTX
SunX
Injective