Spread before costs (cost unknown: a leg has no order-book sample)+0.080%
7d average—if it closes, per $10,000$8funding while held, a day+$1.51
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps XAU-USD.P | 4,346 | 0.0050 | pay 0.0006% / 1h | 9m 08s | $14.8M | $46.5M | 25x |
| Short | Bullet GOLD-USD | 4,349.5 | 0.0101 | get 0.0013% / 1h | 9m 08s | $59K | $77K | 10x |
Ondo Perps XAU-USD.P
Bullet GOLD-USDPrice 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
- $7.98
- Funding while held
- $1.51
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Bullet: 4 bp × 2 orders
- −$8
- Net
- −$3.51
- Spread needed to break even
- 0.130%
Slippage unknown: Ondo Perps: no order-book sample; Bullet: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0050%
- Per $10,000 a day
- +$1.51
- 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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Bullet no order-book sample | — | — | — | — | — |
Ondo Perps and Bullet: 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.Bluefin4,343.2cheapestedgeX4,344.3+0.025%ApeX Omni4,345.4+0.050%Hotstuff4,346+0.064%
Bluefin
ApeX Omni
HotstuffOndo Perps4,346+0.065%
Kalshi4,346.1+0.067%Phoenix4,346.1+0.067%gTrade (Gains Network)4,346.5+0.076%Extended4,346.6+0.078%Coinbase International4,346.9+0.085%Pacifica4,347+0.087%tradeXYZ4,347.1+0.090%RISEx4,347.7+0.103%Kraken Futures4,347.7+0.103%Bitget4,348.8+0.128%QFEX4,349+0.134%StandX4,349.1+0.136%Variational Omni4,349.1+0.137%Deribit4,349.2+0.138%Binance4,349.3+0.140%Aevo4,349.3+0.140%BloFin4,349.5+0.144%GMX4,349.5+0.144%
Phoenix
gTrade (Gains Network)
Extended
Coinbase International
Pacifica
tradeXYZ
RISEx
Kraken Futures
Bitget
QFEX
StandX
Variational Omni
Deribit
Binance
Aevo
BloFin
GMXBullet4,349.5+0.145%
MEXC4,349.5+0.145%Lighter4,349.7+0.151%Paradex4,349.9+0.155%Bybit4,350.1+0.158%Injective4,350.4+0.166%OKX4,350.5+0.168%Polymarket Perps4,350.6+0.170%Gate4,350.6+0.171%Aster4,350.7+0.173%Phemex4,351.1+0.181%HTX4,352+0.203%Lighter RH4,352.3+0.208%SunX4,353.9+0.245%Vest4,384.2+0.944%
MEXC
Lighter
Paradex
Bybit
Injective
OKX
Polymarket Perps
Gate
Aster
Phemex
HTX
Lighter RH
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 | −0.065% | +0.8000% | 1h | $26K | $23K | 20x | as long as short |
| edgeX XAUUSDC | −0.040% | +0.0147% | 4h | $30.2M | $56.2M | 50x | as long as short |
| ApeX Omni XAUUSDT | −0.015% | +0.0100% | 1h | $273K | $203K | 50x | as long as short |
| Hotstuff GOLD-PERP | 0.000% | −0.0072% | 1h | $33K | — | 25x | as long as short |
| Ondo Perps XAU-USD.Plong | 0.000% | +0.0050% | 1h | $14.8M | $46.5M | 25x | |
| Kalshi KXGOLDPERP | +0.002% | +0.0067% | 24h | $4.2M | $30.3M | 15x | as long as short |
| Phoenix GOLD | +0.002% | +0.0061% | 1h | $43K | $55K | 25x | as long as short |
| gTrade (Gains Network) XAU/USD | +0.012% | L +0.0002% / S −0.0003% | 1h | $267K | — | 250x | as long as short |
| Extended XAU-USD | +0.013% | +0.0136% | 1h | $13.3M | $52.3M | 25x | as long as short |
| Coinbase International GOLD-PERP-INTX | +0.020% | +0.0064% | 1h | $1.9M | $5.1M | 25x | as long as short |
Show all 38 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Pacifica XAU | +0.023% | +0.0100% | 1h | $1.4M | $1.3M | 10x | as long as short |
| tradeXYZ xyz:GOLD | +0.025% | +0.0050% | 1h | $294.9M | $60.1M | 25x | as long as short |
| RISEx XAU/USDC | +0.038% | 0.0000% | 1h | $3.9M | $12.8M | 25x | as long as short |
| Kraken Futures PF_XAUUSD | +0.038% | +0.0185% | 1h | $588K | $110K | 25x | as long as short |
| Bitget XAUUSDT | +0.064% | +0.0266% | 4h | $70.4M | $102.6M | 100x | as long as short |
| QFEX GOLD-USD | +0.069% | +0.0029% | 1h | $5.4M | $2.0M | 20x | as long as short |
| StandX XAU-USD | +0.071% | +0.0040% | 1h | $3.8M | $1.9M | 40x | as long as short |
| Variational Omni XAU | +0.072% | +0.0109% | 4h | $48.0M | $42.6M | — | as long as short |
| Deribit GOLD_USDC-PERPETUAL | +0.073% | +0.0233% | 1h | $214K | $976K | 25x | as long as short |
| Binance XAUUSDT | +0.075% | +0.0131% | 4h | $418.5M | $2.06B | 100x | as long as short |
| Aevo XAU-PERP | +0.076% | +0.0112% | 1h | $161K | $87 | 10x | as long as short |
| BloFin XAU-USDT | +0.079% | +0.0371% | 4h | $15.0M | $4.4M | 100x | as long as short |
| GMX GOLD/USD [ETH-USDC] | +0.080% | L +0.0370% / S −0.0190% | 1h | $221K | — | 111x | as long as short |
| Bullet GOLD-USDshort | +0.080% | +0.0101% | 1h | $59K | $77K | 10x | |
| MEXC XAU_USDT | +0.081% | +0.0130% | 4h | $370.2M | $386.8M | 1000x | as long as short |
| Lighter XAU | +0.086% | +0.0096% | 1h | $20.7M | $44.9M | 25x | as long as short |
| Paradex XAU-USD-PERP | +0.090% | +0.0067% | 8h | $19K | $6K | 5x | as long as short |
| Bybit XAUUSDT | +0.094% | +0.0141% | 4h | $83.3M | $134.3M | 150x | as long as short |
| Injective XAU/USDC PERP | +0.101% | +0.0033% | 1h | $619 | $54 | 52x | as long as short |
| OKX XAU-USDT-SWAP | +0.103% | +0.0234% | 8h | $157.5M | $260.9M | 100x | as long as short |
| Polymarket Perps GOLD-USD | +0.106% | +0.0198% | 1h | $4.2M | $1.9M | 20x | as long as short |
| Gate XAU_USDT | +0.107% | +0.0008% | 4h | $275.7M | $391.5M | 100x | as long as short |
| Aster XAUUSD1 | +0.108% | +0.0099% | 4h | $69.2M | $239.6M | 20x | as long as short |
| Phemex XAUUSDT | +0.116% | +0.0313% | 4h | $2.2M | $1.0M | 100x | as long as short |
| HTX XAU-USDT | +0.138% | +0.0303% | 4h | $2.4M | $2.4M | 75x | as long as short |
| Lighter RH XAU | +0.144% | +0.0144% | 1h | $19.9M | $41.5M | 25x | as long as short |
| SunX XAU-USDT | +0.181% | 0.0000% | 4h | $93K | $11.4M | 20x | as long as short |
| Vest GC-PERP | +0.879% | +0.0046% | 1h | — | $953K | 25x | as long as short |