Spread before costs (cost unknown: a leg has no order-book sample)+0.183%
7d average+0.223%if it closes, per $10,000$18funding 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 | 4,347.1 | 0.0050 | pay 0.0006% / 1h | 3m 35s | $14.8M | $49.4M | 25x |
| Short | SunX XAU-USDT | 4,355.1 | 0 | get 0.0000% / 4h | 1h 03m | $93K | $11.0M | 20x |
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
- $18.29
- Funding while held
- −$1.51
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee SunX: 5 bp × 2 orders
- −$10
- Net
- $1.78
- Spread needed to break even
- 0.150%
Slippage unknown: Ondo Perps: no order-book sample; SunX: live order book, 12 min ago. 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 SunX live order book, 12 min ago | 23.62 bp | 30.6 bp −$31 | 48.1 bp −$481 | doesn't fit | doesn't fit |
Ondo Perps: 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.XAU on 38 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bluefin GOLD-PERP | −0.041% | −0.0072% | 1h | $26K | $21K | 20x | as long as short |
| Ondo Perps XAU-USD.Plong | 0.000% | +0.0050% | 1h | $14.8M | $49.4M | 25x | |
| Kalshi KXGOLDPERP | +0.011% | +0.0039% | 24h | $4.2M | $30.7M | 15x | as long as short |
| gTrade (Gains Network) XAU/USD | +0.015% | L +0.0002% / S −0.0003% | 1h | $267K | — | 250x | as long as short |
| Extended XAU-USD | +0.020% | +0.0184% | 1h | $13.3M | $50.9M | 25x | as long as short |
| Coinbase International GOLD-PERP-INTX | +0.038% | +0.0064% | 1h | $2.0M | $5.2M | 25x | as long as short |
| Kraken Futures PF_XAUUSD | +0.043% | +0.0310% | 1h | $588K | $108K | 25x | as long as short |
| Hotstuff GOLD-PERP | +0.045% | +0.0016% | 1h | $33K | — | 25x | as long as short |
| Pacifica XAU | +0.050% | +0.0100% | 1h | $1.4M | $1.3M | 10x | as long as short |
| tradeXYZ xyz:GOLD | +0.052% | +0.0050% | 1h | $294.4M | $61.2M | 25x | as long as short |
Show all 38 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| ApeX Omni XAUUSDT | +0.060% | +0.0100% | 1h | $273K | $203K | 50x | as long as short |
| edgeX XAUUSDC | +0.065% | +0.0145% | 4h | $30.3M | $56.2M | 50x | as long as short |
| Phoenix GOLD | +0.070% | +0.0088% | 1h | $43K | $65K | 25x | as long as short |
| Injective XAU/USDC PERP | +0.075% | +0.0033% | 1h | $619 | $54 | 52x | as long as short |
| Deribit GOLD_USDC-PERPETUAL | +0.080% | +0.0279% | 1h | $223K | $963K | 25x | as long as short |
| GMX GOLD/USD [ETH-USDC] | +0.085% | L +0.0444% / S −0.0271% | 1h | $251K | — | 111x | as long as short |
| Bullet GOLD-USD | +0.086% | +0.0107% | 1h | $58K | $77K | 10x | as long as short |
| Lighter XAU | +0.089% | +0.0088% | 1h | $20.8M | $46.0M | 25x | as long as short |
| MEXC XAU_USDT | +0.089% | +0.0138% | 4h | $384.2M | $333.4M | 1000x | as long as short |
| Binance XAUUSDT | +0.094% | +0.0139% | 4h | $414.5M | $2.05B | 100x | as long as short |
| Aevo XAU-PERP | +0.099% | +0.0112% | 1h | $161K | $87 | 10x | as long as short |
| Bitget XAUUSDT | +0.100% | +0.0270% | 4h | $69.3M | $108.6M | 100x | as long as short |
| QFEX GOLD-USD | +0.100% | +0.0049% | 1h | $5.4M | $2.1M | 20x | as long as short |
| Paradex XAU-USD-PERP | +0.100% | +0.0074% | 8h | $19K | $6K | 5x | as long as short |
| Aster XAUUSD1 | +0.101% | +0.0160% | 4h | $70.1M | $240.0M | 20x | as long as short |
| BloFin XAU-USDT | +0.103% | +0.0379% | 4h | $14.9M | $4.1M | 100x | as long as short |
| RISEx XAU/USDC | +0.103% | 0.0000% | 1h | $3.5M | $12.1M | 25x | as long as short |
| Polymarket Perps GOLD-USD | +0.107% | +0.0200% | 1h | $4.4M | $2.3M | 20x | as long as short |
| OKX XAU-USDT-SWAP | +0.112% | +0.0288% | 8h | $156.4M | $263.4M | 100x | as long as short |
| Variational Omni XAU | +0.115% | +0.0129% | 4h | $47.8M | $34.7M | — | as long as short |
| Bybit XAUUSDT | +0.120% | +0.0150% | 4h | $83.8M | $138.9M | 150x | as long as short |
| Gate XAU_USDT | +0.124% | +0.0046% | 4h | $274.7M | $403.6M | 100x | as long as short |
| StandX XAU-USD | +0.126% | +0.0040% | 1h | $3.8M | $4.2M | 40x | as long as short |
| Lighter RH XAU | +0.159% | +0.0168% | 1h | $20.3M | $45.1M | 25x | as long as short |
| Phemex XAUUSDT | +0.164% | +0.0329% | 4h | $2.2M | $1.1M | 100x | as long as short |
| HTX XAU-USDT | +0.179% | +0.0301% | 4h | $2.9M | $3.3M | 75x | as long as short |
| SunX XAU-USDTshort | +0.183% | 0.0000% | 4h | $93K | $11.0M | 20x | |
| Vest GC-PERP | +0.905% | +0.0046% | 1h | — | $995K | 25x | as long as short |
SunX XAU-USDT
Bluefin
gTrade (Gains Network)
Extended
Coinbase International
Kraken Futures
Pacifica
tradeXYZ
ApeX Omni
Phoenix
Injective
Deribit
GMX
Bullet
Lighter
MEXC
Binance
Bitget
Paradex
Aster
BloFin
RISEx
Polymarket Perps
OKX
Variational Omni
Bybit
Gate
StandX
Lighter RH
Phemex
HTX