Spread before costs (cost unknown: a leg has no order-book sample)−0.011%
7d average—if it closes, per $10,000$1funding while held, a day+$0.98
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex XAU-USD-PERP | 4,351.4 | 0.0075 | pay 0.0075% / 8h | 5h 04m | $19K | $6K | 5x |
| Short | Bullet GOLD-USD | 4,350.9 | 0.0107 | get 0.0013% / 1h | 4m 19s | $58K | $77K | 10x |
Paradex XAU-USD-PERP
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
- −$1.06
- Funding while held
- $0.98
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Bullet: 4 bp × 2 orders
- −$8
- Net
- −$12.08
- Spread needed to break even
- 0.120%
Slippage unknown: Paradex: no order-book sample; Bullet: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0033%
- Per $10,000 a day
- +$0.98
- 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 Paradex no order-book sample | — | — | — | — | — |
| Sell Bullet no order-book sample | — | — | — | — | — |
Paradex 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.Bluefin4,345.4cheapestOndo Perps4,346.9+0.035%Kalshi4,347.6+0.051%gTrade (Gains Network)4,347.8+0.056%Extended4,347.8+0.056%Coinbase International4,348.8+0.079%Kraken Futures4,349+0.084%ApeX Omni4,349.2+0.088%Pacifica4,349.2+0.088%tradeXYZ4,349.3+0.090%Hotstuff4,349.8+0.102%edgeX4,349.8+0.102%Phoenix4,350.4+0.116%Injective4,350.4+0.116%Deribit4,350.6+0.120%MEXC4,350.8+0.125%GMX4,350.8+0.126%
Bluefin
Ondo Perps
gTrade (Gains Network)
Extended
Coinbase International
Kraken Futures
ApeX Omni
Pacifica
tradeXYZ
Hotstuff
Phoenix
Injective
Deribit
MEXC
GMXBullet4,350.9+0.127%
Binance4,350.9+0.127%Lighter4,351+0.129%Bitget4,351.1+0.131%RISEx4,351.2+0.133%QFEX4,351.2+0.134%Aster4,351.3+0.137%
Binance
Lighter
Bitget
RISEx
QFEX
AsterParadex4,351.4+0.138%
Aevo4,351.4+0.140%Polymarket Perps4,351.6+0.143%BloFin4,351.6+0.144%OKX4,352+0.153%Bybit4,352+0.153%Variational Omni4,352.1+0.156%Gate4,352.5+0.165%StandX4,352.6+0.166%Lighter RH4,353.9+0.197%Phemex4,354.3+0.205%HTX4,354.9+0.220%SunX4,355.1+0.224%Vest4,386.4+0.944%
Aevo
Polymarket Perps
BloFin
OKX
Bybit
Variational Omni
Gate
StandX
Lighter RH
Phemex
HTX
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 | −0.138% | −0.0072% | 1h | $26K | $21K | 20x | as long as short |
| Ondo Perps XAU-USD.P | −0.102% | +0.0050% | 1h | $14.8M | $49.4M | 25x | as long as short |
| Kalshi KXGOLDPERP | −0.086% | +0.0039% | 24h | $4.2M | $30.7M | 15x | as long as short |
| gTrade (Gains Network) XAU/USD | −0.082% | L +0.0002% / S −0.0003% | 1h | $267K | — | 250x | as long as short |
| Extended XAU-USD | −0.082% | +0.0184% | 1h | $13.3M | $50.9M | 25x | as long as short |
| Coinbase International GOLD-PERP-INTX | −0.059% | +0.0064% | 1h | $2.0M | $5.2M | 25x | as long as short |
| Kraken Futures PF_XAUUSD | −0.054% | +0.0310% | 1h | $588K | $108K | 25x | as long as short |
| ApeX Omni XAUUSDT | −0.050% | +0.0100% | 1h | $273K | $203K | 50x | as long as short |
| Pacifica XAU | −0.050% | +0.0100% | 1h | $1.4M | $1.3M | 10x | as long as short |
| tradeXYZ xyz:GOLD | −0.047% | +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 | |
|---|---|---|---|---|---|---|---|
| Hotstuff GOLD-PERP | −0.036% | +0.0080% | 1h | $33K | — | 25x | as long as short |
| edgeX XAUUSDC | −0.036% | +0.0142% | 4h | $30.3M | $56.2M | 50x | as long as short |
| Phoenix GOLD | −0.022% | +0.0088% | 1h | $43K | $65K | 25x | as long as short |
| Injective XAU/USDC PERP | −0.022% | +0.0033% | 1h | $619 | $54 | 52x | as long as short |
| Deribit GOLD_USDC-PERPETUAL | −0.017% | +0.0279% | 1h | $223K | $963K | 25x | as long as short |
| MEXC XAU_USDT | −0.012% | +0.0138% | 4h | $383.7M | $333.3M | 1000x | as long as short |
| GMX GOLD/USD [ETH-USDC] | −0.012% | L +0.0444% / S −0.0271% | 1h | $251K | — | 111x | as long as short |
| Bullet GOLD-USDshort | −0.011% | +0.0107% | 1h | $58K | $77K | 10x | |
| Binance XAUUSDT | −0.010% | +0.0139% | 4h | $414.5M | $2.05B | 100x | as long as short |
| Lighter XAU | −0.009% | +0.0088% | 1h | $20.8M | $45.9M | 25x | as long as short |
| Bitget XAUUSDT | −0.007% | +0.0270% | 4h | $69.3M | $108.6M | 100x | as long as short |
| RISEx XAU/USDC | −0.005% | 0.0000% | 1h | $3.5M | $12.1M | 25x | as long as short |
| QFEX GOLD-USD | −0.004% | +0.0049% | 1h | $5.4M | $2.1M | 20x | as long as short |
| Aster XAUUSD1 | −0.001% | +0.0160% | 4h | $70.1M | $240.0M | 20x | as long as short |
| Paradex XAU-USD-PERPlong | 0.000% | +0.0075% | 8h | $19K | $6K | 5x | |
| Aevo XAU-PERP | +0.002% | +0.0112% | 1h | $161K | $87 | 10x | as long as short |
| Polymarket Perps GOLD-USD | +0.006% | +0.0200% | 1h | $4.4M | $2.3M | 20x | as long as short |
| BloFin XAU-USDT | +0.006% | +0.0379% | 4h | $14.9M | $4.1M | 100x | as long as short |
| OKX XAU-USDT-SWAP | +0.015% | +0.0288% | 8h | $156.4M | $263.4M | 100x | as long as short |
| Bybit XAUUSDT | +0.015% | +0.0149% | 4h | $83.8M | $138.9M | 150x | as long as short |
| Variational Omni XAU | +0.018% | +0.0129% | 4h | $47.8M | $34.7M | — | as long as short |
| Gate XAU_USDT | +0.027% | +0.0046% | 4h | $274.7M | $403.6M | 100x | as long as short |
| StandX XAU-USD | +0.029% | +0.0040% | 1h | $3.8M | $4.2M | 40x | as long as short |
| Lighter RH XAU | +0.059% | +0.0168% | 1h | $20.3M | $45.1M | 25x | as long as short |
| Phemex XAUUSDT | +0.067% | +0.0329% | 4h | $2.2M | $1.1M | 100x | as long as short |
| HTX XAU-USDT | +0.082% | +0.0301% | 4h | $2.9M | $3.3M | 75x | as long as short |
| SunX XAU-USDT | +0.086% | 0.0000% | 4h | $93K | $11.0M | 20x | as long as short |
| Vest GC-PERP | +0.805% | +0.0046% | 1h | — | $995K | 25x | as long as short |