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−$82
spread now−0.096%7d average−0.013%fees + slippage, in and out−$73spread needed0.732%
Long on PhemexShort on RISEx
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex XAUUSDT4,351.10.0306pay 0.0153% / 4h3h 07m$2.2M$1.0M100x
ShortRISEx XAU/USDC4,346.90get 0.0000% / 1h7m 28s$3.9M$12.8M25x

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
−$9.64
Funding while held
−$9.19
Slippage, 4 orders
−$55.22
Fee Phemex: 6 bp × 2 orders
−$12
Fee RISEx: 3 bp × 2 orders
−$6
Net
−$92.05
Spread needed to break even
0.732%
Slippage from Phemex: live order book, 2 min ago; RISEx: live order book, 3 min ago.

Cost of waiting

funding view
Funding /8h
−0.0306%
Per $10,000 a day
−$9.19
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, 2 min ago2.49 bp36.3 bp −$36doesn't fitdoesn't fitdoesn't fit
Sell RISEx live order book, 3 min ago0.01 bp5.0 bp −$56.1 bp −$6143.7 bp −$4,369doesn't fit

XAU price on every exchange

against the cheapest. Click to use as the short leg.
Bluefin4,343.5cheapestgTrade (Gains Network)4,344.8+0.030%Ondo Perps4,344.9+0.032%Extended4,345.7+0.053%edgeX4,346+0.058%ApeX Omni4,346.2+0.063%Pacifica4,346.2+0.063%tradeXYZ4,346.3+0.065%Kalshi4,346.3+0.065%Coinbase International4,346.6+0.072%Kraken Futures4,346.6+0.073%
RISEx4,346.9+0.078%
Hotstuff4,346.9+0.079%Deribit4,347.7+0.098%Bitget4,348+0.103%Phoenix4,348+0.105%Binance4,348.2+0.109%GMX4,348.3+0.112%MEXC4,348.5+0.117%Aevo4,348.8+0.122%Bullet4,348.8+0.123%Lighter4,348.9+0.125%QFEX4,349+0.128%Polymarket Perps4,349+0.128%Bybit4,349+0.128%Variational Omni4,349.1+0.131%Aster4,349.2+0.133%StandX4,349.4+0.137%BloFin4,349.5+0.138%Gate4,349.7+0.143%OKX4,349.7+0.144%Paradex4,349.8+0.145%Injective4,350.4+0.160%
Phemex4,351.1+0.175%
Lighter RH4,351.5+0.186%HTX4,352.5+0.208%SunX4,352.8+0.215%Vest4,383.7+0.926%

XAU on 38 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bluefin GOLD-PERP−0.174%+0.8000%1h$26K$23K20xas long as short
gTrade (Gains Network) XAU/USD−0.144%L +0.0002% / S −0.0003%1h$267K—250xas long as short
Ondo Perps XAU-USD.P−0.142%+0.0050%1h$14.8M$46.5M25xas long as short
Extended XAU-USD−0.122%+0.0136%1h$13.3M$52.2M25xas long as short
edgeX XAUUSDC−0.116%+0.0134%4h$30.3M$56.3M50xas long as short
ApeX Omni XAUUSDT−0.112%+0.0100%1h$273K$203K50xas long as short
Pacifica XAU−0.111%+0.0100%1h$1.4M$1.3M10xas long as short
tradeXYZ xyz:GOLD−0.109%+0.0050%1h$294.9M$60.2M25xas long as short
Kalshi KXGOLDPERP−0.109%+0.0066%24h$4.2M$30.3M15xas long as short
Coinbase International GOLD-PERP-INTX−0.102%+0.0064%1h$1.9M$5.1M25xas long as short
Show all 38 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Kraken Futures PF_XAUUSD−0.102%+0.0185%1h$587K$110K25xas long as short
RISEx XAU/USDCshort−0.096%0.0000%1h$3.9M$12.8M25x
Hotstuff GOLD-PERP−0.095%+0.0072%1h$33K—25xas long as short
Deribit GOLD_USDC-PERPETUAL−0.077%+0.0233%1h$214K$976K25xas long as short
Bitget XAUUSDT−0.071%+0.0264%4h$70.5M$103.0M100xas long as short
Phoenix GOLD−0.070%+0.0061%1h$43K$55K25xas long as short
Binance XAUUSDT−0.065%+0.0131%4h$418.4M$2.06B100xas long as short
GMX GOLD/USD [ETH-USDC]−0.063%L +0.0370% / S −0.0190%1h$221K—111xas long as short
MEXC XAU_USDT−0.058%+0.0130%4h$370.4M$386.9M1000xas long as short
Aevo XAU-PERP−0.052%+0.0112%1h$161K$8710xas long as short
Bullet GOLD-USD−0.052%+0.0100%1h$59K$77K10xas long as short
Lighter XAU−0.049%+0.0096%1h$20.7M$45.0M25xas long as short
QFEX GOLD-USD−0.047%+0.0029%1h$5.4M$2.0M20xas long as short
Polymarket Perps GOLD-USD−0.047%+0.0198%1h$4.2M$1.9M20xas long as short
Bybit XAUUSDT−0.046%+0.0142%4h$83.3M$134.3M150xas long as short
Variational Omni XAU−0.044%+0.0109%4h$48.0M$42.6M—as long as short
Aster XAUUSD1−0.042%+0.0101%4h$69.2M$239.7M20xas long as short
StandX XAU-USD−0.038%+0.0040%1h$3.8M$1.9M40xas long as short
BloFin XAU-USDT−0.037%+0.0371%4h$15.0M$4.4M100xas long as short
Gate XAU_USDT−0.031%+0.0008%4h$275.6M$391.7M100xas long as short
OKX XAU-USDT-SWAP−0.031%+0.0236%8h$157.5M$260.9M100xas long as short
Paradex XAU-USD-PERP−0.030%+0.0067%8h$19K$6K5xas long as short
Injective XAU/USDC PERP−0.014%+0.0033%1h$619$5452xas long as short
Phemex XAUUSDTlong0.000%+0.0306%4h$2.2M$1.0M100x
Lighter RH XAU+0.011%+0.0144%1h$19.9M$41.6M25xas long as short
HTX XAU-USDT+0.033%+0.0305%4h$2.4M$2.4M75xas long as short
SunX XAU-USDT+0.040%0.0000%4h$93K$11.4M20xas long as short
Vest GC-PERP+0.750%+0.0046%1h—$974K25xas long as short