data as of
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Price arb /

XAU

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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−$84
spread now−0.038%7d average−0.021%fees + slippage, in and out−$82spread needed0.820%
Long on PhemexShort on Aster
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex XAUUSDT4,3480.0205pay 0.0102% / 4h1h 25m$2.2M$961K100x
ShortAster XAUUSD14,346.40.0150get 0.0075% / 4h1h 25m$68.4M$158.8M20x

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
−$3.84
Funding while held
−$1.64
Slippage, 4 orders
−$62.01
Fee Phemex: 6 bp × 2 orders
−$12
Fee Aster: 4 bp × 2 orders
−$8
Net
−$87.49
Spread needed to break even
0.820%
Slippage from Phemex: live order book, 4 min ago; Aster: live order book, 5 min ago.

Cost of waiting

funding view
Funding /8h
−0.0055%
Per $10,000 a day
−$1.64
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 Phemex live order book, 4 min ago1.15 bp38.3 bp −$38doesn't fitdoesn't fitdoesn't fit
Sell Aster live order book, 5 min ago0.01 bp4.0 bp −$45.6 bp −$56182.4 bp −$18.2Kdoesn't fit

XAU price on every exchange

against the cheapest. Click to use as the short leg.
Bluefin4,338.3cheapestOndo Perps4,339.4+0.024%Hotstuff4,339.9+0.036%Coinbase International4,340.5+0.050%Pacifica4,341.1+0.064%Phoenix4,341.7+0.078%gTrade (Gains Network)4,341.7+0.078%edgeX4,341.8+0.081%Extended4,342+0.084%ApeX Omni4,342.1+0.087%tradeXYZ4,342.4+0.094%Kraken Futures4,342.4+0.095%QFEX4,343.3+0.115%Paradex4,343.4+0.117%Kalshi4,343.5+0.119%RISEx4,343.9+0.129%BloFin4,344.1+0.134%Variational Omni4,344.5+0.143%Deribit4,344.7+0.147%Aevo4,344.9+0.153%Lighter4,345.1+0.155%Polymarket Perps4,346+0.177%Bullet4,346.1+0.179%
Aster4,346.4+0.185%
Bitget4,346.7+0.193%GMX4,346.7+0.194%Binance4,346.8+0.195%MEXC4,346.8+0.196%OKX4,347+0.200%StandX4,347.1+0.202%Lighter RH4,347.2+0.206%Gate4,347.4+0.210%Bybit4,347.6+0.214%
Phemex4,348+0.224%
HTX4,348.9+0.244%SunX4,350.3+0.276%Injective4,350.4+0.279%Vest4,378.9+0.935%

XAU on 38 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bluefin GOLD-PERP−0.223%+0.4772%1h$26K$23K20xas long as short
Ondo Perps XAU-USD.P−0.199%+0.0050%1h$14.7M$40.0M25xas long as short
Hotstuff GOLD-PERP−0.187%0.0000%1h$33K—25xas long as short
Coinbase International GOLD-PERP-INTX−0.173%+0.0120%1h$2.0M$4.7M25xas long as short
Pacifica XAU−0.159%+0.0100%1h$1.4M$1.3M10xas long as short
Phoenix GOLD−0.145%+0.0123%1h$52K$53K25xas long as short
gTrade (Gains Network) XAU/USD−0.145%L +0.0002% / S −0.0001%1h$187K—250xas long as short
edgeX XAUUSDC−0.142%+0.0157%4h$30.2M$47.6M50xas long as short
Extended XAU-USD−0.139%+0.0032%1h$13.3M$53.0M25xas long as short
ApeX Omni XAUUSDT−0.136%+0.0100%1h$273K$203K50xas long as short
Show all 38 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
tradeXYZ xyz:GOLD−0.129%+0.0050%1h$294.1M$52.8M25xas long as short
Kraken Futures PF_XAUUSD−0.129%+0.0274%1h$588K$104K25xas long as short
QFEX GOLD-USD−0.109%+0.0040%1h$5.4M$2.1M20xas long as short
Paradex XAU-USD-PERP−0.107%+0.0063%8h$19K$6K5xas long as short
Kalshi KXGOLDPERP−0.104%+0.0166%24h$4.0M$22.1M15xas long as short
RISEx XAU/USDC−0.094%0.0000%1h$3.8M$10.9M25xas long as short
BloFin XAU-USDT−0.089%+0.0387%4h$14.9M$4.1M100xas long as short
Variational Omni XAU−0.081%+0.0133%4h$47.1M$42.9M—as long as short
Deribit GOLD_USDC-PERPETUAL−0.076%+0.0234%1h$202K$906K25xas long as short
Aevo XAU-PERP−0.071%+0.0120%1h$161K$4310xas long as short
Lighter XAU−0.068%+0.0088%1h$20.6M$42.9M25xas long as short
Polymarket Perps GOLD-USD−0.046%+0.0292%1h$4.1M$1.8M20xas long as short
Bullet GOLD-USD−0.044%+0.0226%1h$58K$78K10xas long as short
Aster XAUUSD1short−0.038%+0.0150%4h$68.4M$158.8M20x
Bitget XAUUSDT−0.030%+0.0246%4h$66.9M$86.4M100xas long as short
GMX GOLD/USD [ETH-USDC]−0.030%L +0.0352% / S −0.0166%1h$220K—111xas long as short
Binance XAUUSDT−0.028%+0.0148%4h$441.3M$1.77B100xas long as short
MEXC XAU_USDT−0.028%+0.0146%4h$368.7M$361.4M1000xas long as short
OKX XAU-USDT-SWAP−0.023%+0.0265%8h$157.0M$240.2M100xas long as short
StandX XAU-USD−0.021%+0.0040%1h$3.7M$1.4M40xas long as short
Lighter RH XAU−0.018%+0.0088%1h$19.6M$38.8M25xas long as short
Gate XAU_USDT−0.014%+0.0054%4h$262.7M$341.2M100xas long as short
Bybit XAUUSDT−0.009%+0.0089%4h$81.8M$123.1M150xas long as short
Phemex XAUUSDTlong0.000%+0.0205%4h$2.2M$961K100x
HTX XAU-USDT+0.020%+0.0400%4h$2.4M$1.9M75xas long as short
SunX XAU-USDT+0.052%0.0000%4h$92K$10.2M20xas long as short
Injective XAU/USDC PERP+0.055%+0.0033%1h$619$146K52xas long as short
Vest GC-PERP+0.710%+0.0046%1h—$629K25xas long as short