Spread before costs (cost unknown: a leg has no order-book sample)−0.014%
7d average—if it closes, per $10,000$1funding while held, a day+$2.04
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex XAU-USD-PERP | 4,343.4 | 0.0065 | pay 0.0065% / 8h | 1h 23m | $19K | $6K | 5x |
| Short | Variational Omni XAU | 4,342.8 | 0.0133 | get 0.0066% / 4h | 1h 23m | $47.1M | $43.0M | — |
Paradex XAU-USD-PERP
Variational Omni XAUPrice 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
- −$1.37
- Funding while held
- $2.04
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$3.33
- Spread needed to break even
- 0.040%
Slippage unknown: Paradex: no order-book sample; Variational Omni: RFQ quote, 2 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0068%
- Per $10,000 a day
- +$2.04
- 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 Variational Omni RFQ quote, 2 min ago | 1.54 bp | doesn't fit | 1.6 bp −$16 | 2.5 bp −$246 | doesn't fit |
Paradex: 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.Bluefin4,334.7cheapestCoinbase International4,337.3+0.060%gTrade (Gains Network)4,337.5+0.065%Kraken Futures4,338.8+0.095%Ondo Perps4,339.5+0.110%Kalshi4,339.5+0.111%Extended4,339.6+0.113%ApeX Omni4,339.6+0.114%tradeXYZ4,339.8+0.118%Hotstuff4,340.6+0.137%Aevo4,340.7+0.140%Deribit4,340.8+0.141%Pacifica4,341.2+0.150%Phoenix4,341.7+0.162%edgeX4,341.8+0.165%QFEX4,341.9+0.167%GMX4,341.9+0.168%Bullet4,342.4+0.177%Polymarket Perps4,342.6+0.183%Aster4,342.7+0.185%
Bluefin
Coinbase International
gTrade (Gains Network)
Kraken Futures
Ondo Perps
Extended
ApeX Omni
tradeXYZ
Hotstuff
Aevo
Deribit
Pacifica
Phoenix
QFEX
GMX
Bullet
Polymarket Perps
AsterVariational Omni4,342.8+0.187%
BloFin4,342.9+0.188%Lighter4,343.2+0.197%
BloFin
LighterParadex4,343.4+0.201%
RISEx4,343.4+0.202%OKX4,344.3+0.222%Bitget4,344.4+0.223%MEXC4,344.4+0.223%Binance4,344.4+0.224%Phemex4,344.4+0.225%Bybit4,345+0.238%Lighter RH4,345.1+0.240%StandX4,345.3+0.245%HTX4,345.5+0.250%Gate4,345.5+0.250%SunX4,346.6+0.276%Injective4,350.4+0.363%Vest4,376+0.953%
RISEx
OKX
Bitget
MEXC
Binance
Phemex
Bybit
Lighter RH
StandX
HTX
Gate
SunX
Injective
VestXAU on 38 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bluefin GOLD-PERP | −0.200% | +0.4443% | 1h | $26K | $23K | 20x | as long as short |
| Coinbase International GOLD-PERP-INTX | −0.140% | +0.0120% | 1h | $2.0M | $4.7M | 25x | as long as short |
| gTrade (Gains Network) XAU/USD | −0.135% | L +0.0002% / S −0.0001% | 1h | $186K | — | 250x | as long as short |
| Kraken Futures PF_XAUUSD | −0.106% | +0.0274% | 1h | $587K | $104K | 25x | as long as short |
| Ondo Perps XAU-USD.P | −0.091% | +0.0050% | 1h | $14.7M | $40.1M | 25x | as long as short |
| Kalshi KXGOLDPERP | −0.090% | +0.0167% | 24h | $4.0M | $22.3M | 15x | as long as short |
| Extended XAU-USD | −0.087% | +0.0040% | 1h | $13.3M | $52.8M | 25x | as long as short |
| ApeX Omni XAUUSDT | −0.087% | +0.0100% | 1h | $272K | $203K | 50x | as long as short |
| tradeXYZ xyz:GOLD | −0.083% | +0.0050% | 1h | $293.7M | $53.0M | 25x | as long as short |
| Hotstuff GOLD-PERP | −0.064% | +0.0080% | 1h | $33K | — | 25x | as long as short |
Show all 38 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aevo XAU-PERP | −0.061% | +0.0120% | 1h | $161K | $43 | 10x | as long as short |
| Deribit GOLD_USDC-PERPETUAL | −0.060% | +0.0280% | 1h | $202K | $908K | 25x | as long as short |
| Pacifica XAU | −0.050% | +0.0100% | 1h | $1.4M | $1.3M | 10x | as long as short |
| Phoenix GOLD | −0.039% | +0.0123% | 1h | $52K | $53K | 25x | as long as short |
| edgeX XAUUSDC | −0.036% | +0.0157% | 4h | $30.2M | $47.6M | 50x | as long as short |
| QFEX GOLD-USD | −0.034% | +0.0040% | 1h | $5.4M | $2.2M | 20x | as long as short |
| GMX GOLD/USD [ETH-USDC] | −0.033% | L +0.0352% / S −0.0166% | 1h | $219K | — | 111x | as long as short |
| Bullet GOLD-USD | −0.023% | +0.0228% | 1h | $58K | $78K | 10x | as long as short |
| Polymarket Perps GOLD-USD | −0.018% | +0.0296% | 1h | $4.1M | $1.8M | 20x | as long as short |
| Aster XAUUSD1 | −0.015% | +0.0151% | 4h | $68.3M | $158.9M | 20x | as long as short |
| Variational Omni XAUshort | −0.014% | +0.0133% | 4h | $47.1M | $43.0M | — | |
| BloFin XAU-USDT | −0.012% | +0.0390% | 4h | $15.0M | $4.1M | 100x | as long as short |
| Lighter XAU | −0.004% | +0.0088% | 1h | $20.6M | $42.9M | 25x | as long as short |
| Paradex XAU-USD-PERPlong | 0.000% | +0.0065% | 8h | $19K | $6K | 5x | |
| RISEx XAU/USDC | +0.001% | 0.0000% | 1h | $3.8M | $10.9M | 25x | as long as short |
| OKX XAU-USDT-SWAP | +0.021% | +0.0265% | 8h | $156.7M | $240.9M | 100x | as long as short |
| Bitget XAUUSDT | +0.022% | +0.0252% | 4h | $66.8M | $86.6M | 100x | as long as short |
| MEXC XAU_USDT | +0.022% | +0.0148% | 4h | $370.8M | $362.4M | 1000x | as long as short |
| Binance XAUUSDT | +0.023% | +0.0151% | 4h | $442.2M | $1.78B | 100x | as long as short |
| Phemex XAUUSDT | +0.024% | +0.0221% | 4h | $2.2M | $961K | 100x | as long as short |
| Bybit XAUUSDT | +0.037% | +0.0095% | 4h | $81.6M | $123.4M | 150x | as long as short |
| Lighter RH XAU | +0.039% | +0.0088% | 1h | $19.6M | $38.8M | 25x | as long as short |
| StandX XAU-USD | +0.044% | +0.0040% | 1h | $3.7M | $1.4M | 40x | as long as short |
| HTX XAU-USDT | +0.049% | +0.0401% | 4h | $2.4M | $1.9M | 75x | as long as short |
| Gate XAU_USDT | +0.049% | +0.0056% | 4h | $262.1M | $342.1M | 100x | as long as short |
| SunX XAU-USDT | +0.075% | 0.0000% | 4h | $92K | $10.2M | 20x | as long as short |
| Injective XAU/USDC PERP | +0.162% | +0.0033% | 1h | $619 | $146K | 52x | as long as short |
| Vest GC-PERP | +0.751% | +0.0046% | 1h | — | $631K | 25x | as long as short |