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.

After costs, if the gap returns to its 7d average, $10k−$25
spread now−0.088%7d average−0.078%fees + slippage, in and out−$24spread needed0.238%
Long on Lighter RHShort on Kraken Futures
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter RH XAU4,340.90.0088pay 0.0011% / 1h19m 22s$19.6M$38.9M25x
ShortKraken Futures PF_XAUUSD4,3370.0274get 0.0034% / 1h19m 22s$587K$104K25x

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
−$8.83
Funding while held
$5.59
Slippage, 4 orders
−$13.84
Fee Lighter RH: 0 bp × 2 orders
$0
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$27.08
Spread needed to break even
0.238%
Slippage from Lighter RH: live order book, 6 min ago; Kraken Futures: live order book, 35 min ago.

Cost of waiting

funding view
Funding /8h
+0.0186%
Per $10,000 a day
+$5.59
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 Lighter RH live order book, 6 min ago0.79 bp1.0 bp −$11.2 bp −$1213.6 bp −$1,363doesn't fit
Sell Kraken Futures live order book, 35 min ago1.79 bp10.2 bp −$1021.1 bp −$211doesn't fitdoesn't fit

XAU price on every exchange

against the cheapest. Click to use as the short leg.
Bluefin4,333.5cheapestExtended4,335.5+0.046%gTrade (Gains Network)4,335.8+0.054%Hotstuff4,336.1+0.061%tradeXYZ4,336.3+0.065%Ondo Perps4,336.3+0.066%Phoenix4,336.9+0.079%
Kraken Futures4,337+0.082%
Pacifica4,337.6+0.095%Coinbase International4,337.6+0.095%Lighter4,338.5+0.116%Deribit4,338.6+0.118%Paradex4,338.9+0.125%edgeX4,339.2+0.132%Kalshi4,339.3+0.135%Aevo4,339.3+0.135%QFEX4,339.5+0.139%Variational Omni4,339.7+0.144%Aster4,339.8+0.147%RISEx4,340.4+0.160%ApeX Omni4,340.6+0.164%MEXC4,340.6+0.165%Binance4,340.6+0.165%Bullet4,340.7+0.167%GMX4,340.7+0.168%
Lighter RH4,340.9+0.170%
OKX4,341.1+0.176%Bitget4,341.1+0.177%StandX4,341.2+0.178%Bybit4,341.3+0.181%Polymarket Perps4,341.4+0.183%BloFin4,341.4+0.184%Gate4,342.3+0.204%Phemex4,343.6+0.234%SunX4,344.3+0.250%HTX4,344.4+0.253%Injective4,350.4+0.391%Vest4,373.9+0.933%

XAU on 38 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bluefin GOLD-PERP−0.170%+0.3889%1h$26K$23K20xas long as short
Extended XAU-USD−0.124%+0.0064%1h$13.3M$52.8M25xas long as short
gTrade (Gains Network) XAU/USD−0.117%L +0.0002% / S −0.0001%1h$186K—250xas long as short
Hotstuff GOLD-PERP−0.109%+0.0072%1h$33K—25xas long as short
tradeXYZ xyz:GOLD−0.105%+0.0050%1h$293.5M$53.2M25xas long as short
Ondo Perps XAU-USD.P−0.104%+0.0050%1h$14.7M$40.3M25xas long as short
Phoenix GOLD−0.091%+0.0123%1h$52K$53K25xas long as short
Kraken Futures PF_XAUUSDshort−0.088%+0.0274%1h$587K$104K25x
Pacifica XAU−0.075%+0.0100%1h$1.4M$1.3M10xas long as short
Coinbase International GOLD-PERP-INTX−0.075%+0.0120%1h$2.0M$4.7M25xas long as short
Show all 38 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Lighter XAU−0.055%+0.0088%1h$20.6M$43.0M25xas long as short
Deribit GOLD_USDC-PERPETUAL−0.052%+0.0303%1h$201K$909K25xas long as short
Paradex XAU-USD-PERP−0.045%+0.0068%8h$19K$6K5xas long as short
edgeX XAUUSDC−0.038%+0.0163%4h$30.2M$48.2M50xas long as short
Kalshi KXGOLDPERP−0.036%+0.0168%24h$4.0M$22.4M15xas long as short
Aevo XAU-PERP−0.035%+0.0120%1h$161K$4310xas long as short
QFEX GOLD-USD−0.031%+0.0040%1h$5.4M$2.2M20xas long as short
Variational Omni XAU−0.026%+0.0140%4h$47.1M$43.1M—as long as short
Aster XAUUSD1−0.024%+0.0155%4h$68.3M$159.0M20xas long as short
RISEx XAU/USDC−0.010%0.0000%1h$3.8M$10.9M25xas long as short
ApeX Omni XAUUSDT−0.006%+0.0100%1h$272K$203K50xas long as short
MEXC XAU_USDT−0.006%+0.0154%4h$370.9M$363.5M1000xas long as short
Binance XAUUSDT−0.005%+0.0157%4h$443.0M$1.79B100xas long as short
Bullet GOLD-USD−0.003%+0.0231%1h$58K$78K10xas long as short
GMX GOLD/USD [ETH-USDC]−0.003%L +0.0353% / S −0.0167%1h$219K—111xas long as short
Lighter RH XAUlong0.000%+0.0088%1h$19.6M$38.9M25x
OKX XAU-USDT-SWAP+0.006%+0.0265%8h$156.8M$241.7M100xas long as short
Bitget XAUUSDT+0.006%+0.0260%4h$66.7M$86.9M100xas long as short
StandX XAU-USD+0.008%+0.0040%1h$3.8M$1.4M40xas long as short
Bybit XAUUSDT+0.011%+0.0099%4h$81.6M$123.7M150xas long as short
Polymarket Perps GOLD-USD+0.013%+0.0305%1h$4.1M$1.8M20xas long as short
BloFin XAU-USDT+0.014%+0.0394%4h$15.0M$4.2M100xas long as short
Gate XAU_USDT+0.033%+0.0060%4h$262.0M$343.7M100xas long as short
Phemex XAUUSDT+0.064%+0.0241%4h$2.2M$970K100xas long as short
SunX XAU-USDT+0.079%0.0000%4h$92K$10.3M20xas long as short
HTX XAU-USDT+0.082%+0.0404%4h$2.4M$1.8M75xas long as short
Injective XAU/USDC PERP+0.220%+0.0033%1h$619$146K52xas long as short
Vest GC-PERP+0.761%+0.0046%1h—$631K25xas long as short