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−$72
spread now−0.085%7d average−0.016%fees + slippage, in and out−$66spread needed0.656%
Long on PhemexShort on Lighter RH
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex XAUUSDT4,364.70.0213pay 0.0107% / 4h2h 26m$2.2M$750K100x
ShortLighter RH XAU4,361.10.0088get 0.0011% / 1h26m 33s$19.9M$36.7M25x

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
−$8.45
Funding while held
−$3.76
Slippage, 4 orders
−$53.62
Fee Phemex: 6 bp × 2 orders
−$12
Fee Lighter RH: 0 bp × 2 orders
$0
Net
−$77.83
Spread needed to break even
0.656%
Slippage from Phemex: live order book, 3 min ago; Lighter RH: live order book, 4 min ago.

Cost of waiting

funding view
Funding /8h
−0.0125%
Per $10,000 a day
−$3.76
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, 3 min ago1.58 bp35.0 bp −$35doesn't fitdoesn't fitdoesn't fit
Sell Lighter RH live order book, 4 min ago0.49 bp0.9 bp −$10.9 bp −$95.1 bp −$508doesn't fit

XAU price on every exchange

against the cheapest. Click to use as the short leg.
Injective4,350.4cheapestOndo Perps4,354.1+0.084%Extended4,355.2+0.109%RISEx4,355.8+0.124%Bluefin4,356.1+0.131%Pacifica4,356.2+0.133%tradeXYZ4,357+0.151%Hotstuff4,357+0.151%gTrade (Gains Network)4,357.3+0.158%Kalshi4,357.3+0.158%Binance4,357.9+0.172%Paradex4,358.1+0.176%Lighter4,358.1+0.177%Bitget4,358.3+0.180%QFEX4,358.3+0.181%Bybit4,358.3+0.181%MEXC4,358.6+0.187%OKX4,358.6+0.188%Kraken Futures4,359.1+0.200%Aster4,360+0.220%Deribit4,360.1+0.223%Gate4,360.2+0.224%ApeX Omni4,361+0.243%
Lighter RH4,361.1+0.244%
Aevo4,361.3+0.249%GMX4,361.9+0.263%edgeX4,362.1+0.268%Coinbase International4,362.1+0.268%Phoenix4,362.4+0.275%Bullet4,362.4+0.275%Polymarket Perps4,363.2+0.294%StandX4,364+0.312%BloFin4,364.4+0.322%
Phemex4,364.7+0.329%
SunX4,365.8+0.354%HTX4,366.6+0.372%Variational Omni4,366.8+0.377%Vest4,397.2+1.075%

XAU on 38 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective XAU/USDC PERP−0.328%+0.0033%1h$619$146K52xas long as short
Ondo Perps XAU-USD.P−0.244%+0.0050%1h$14.7M$35.8M25xas long as short
Extended XAU-USD−0.219%+0.0032%1h$13.3M$50.2M25xas long as short
RISEx XAU/USDC−0.205%0.0000%1h$4.1M$10.5M25xas long as short
Bluefin GOLD-PERP−0.198%−0.0002%1h$26K$23K20xas long as short
Pacifica XAU−0.196%+0.0100%1h$1.4M$1.1M10xas long as short
tradeXYZ xyz:GOLD−0.177%+0.0050%1h$296.6M$48.7M25xas long as short
Hotstuff GOLD-PERP−0.177%+0.0064%1h$33K—25xas long as short
gTrade (Gains Network) XAU/USD−0.171%L +0.0002% / S −0.0002%1h$201K—250xas long as short
Kalshi KXGOLDPERP−0.170%0.0000%24h$3.1M$17.2M15xas long as short
Show all 38 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Binance XAUUSDT−0.157%+0.0146%4h$439.6M$1.53B100xas long as short
Paradex XAU-USD-PERP−0.153%+0.0063%8h$12K$2K5xas long as short
Lighter XAU−0.152%+0.0080%1h$20.9M$39.9M25xas long as short
Bitget XAUUSDT−0.148%+0.0234%4h$68.1M$72.7M100xas long as short
QFEX GOLD-USD−0.148%+0.0043%1h$5.4M$2.0M20xas long as short
Bybit XAUUSDT−0.147%+0.0165%4h$82.3M$105.1M150xas long as short
MEXC XAU_USDT−0.142%+0.0146%4h$374.5M$326.2M1000xas long as short
OKX XAU-USDT-SWAP−0.141%+0.0317%8h$154.8M$205.2M100xas long as short
Kraken Futures PF_XAUUSD−0.129%+0.0305%1h$588K$98K25xas long as short
Aster XAUUSD1−0.109%+0.0135%4h$68.7M$155.6M20xas long as short
Deribit GOLD_USDC-PERPETUAL−0.106%+0.0232%1h$249K$857K25xas long as short
Gate XAU_USDT−0.105%+0.0088%4h$259.9M$304.0M100xas long as short
ApeX Omni XAUUSDT−0.086%+0.0100%1h$278K$199K50xas long as short
Lighter RH XAUshort−0.085%+0.0088%1h$19.9M$36.7M25x
Aevo XAU-PERP−0.079%+0.0120%1h$162K—10xas long as short
GMX GOLD/USD [ETH-USDC]−0.066%L +0.0346% / S −0.0156%1h$221K—111xas long as short
edgeX XAUUSDC−0.061%+0.0149%4h$30.4M$41.2M50xas long as short
Coinbase International GOLD-PERP-INTX−0.060%+0.0096%1h$2.1M$3.7M25xas long as short
Phoenix GOLD−0.054%+0.0141%1h$52K$44K25xas long as short
Bullet GOLD-USD−0.054%+0.0195%1h$58K$78K10xas long as short
Polymarket Perps GOLD-USD−0.035%+0.0237%1h$4.1M$1.7M20xas long as short
StandX XAU-USD−0.017%+0.0040%1h$3.7M$740K40xas long as short
BloFin XAU-USDT−0.007%+0.0387%4h$15.0M$3.0M100xas long as short
Phemex XAUUSDTlong0.000%+0.0213%4h$2.2M$750K100x
SunX XAU-USDT+0.025%0.0000%4h$93K$8.8M20xas long as short
HTX XAU-USDT+0.043%+0.0413%4h$2.4M$1.3M75xas long as short
Variational Omni XAU+0.048%+0.0137%4h$47.4M$42.3M—as long as short
Vest GC-PERP+0.744%+0.0046%1h—$331K25xas long as short