Spread before costs (cost unknown: a leg has no order-book sample)−0.114%
7d average—if it closes, per $10,000$11funding while held, a day−$4.71
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix GOLD | 4,350.4 | 0.0088 | pay 0.0011% / 1h | 6m 02s | $43K | $65K | 25x |
| Short | Bluefin GOLD-PERP | 4,345.4 | −0.0069 | pay 0.0009% / 1h | 6m 02s | $26K | $21K | 20x |
Phoenix GOLD
Bluefin GOLD-PERPPrice 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
- −$11.42
- Funding while held
- −$4.71
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Bluefin: 3.5 bp × 2 orders
- −$7
- Net
- −$30.14
- Spread needed to break even
- 0.140%
Slippage unknown: Phoenix: no order-book sample; Bluefin: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0157%
- Per $10,000 a day
- −$4.71
- 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 Phoenix no order-book sample | — | — | — | — | — |
| Sell Bluefin no order-book sample | — | — | — | — | — |
Phoenix and Bluefin: 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.Bluefin4,345.4cheapest
Ondo Perps4,347.6+0.051%Extended4,348.4+0.068%gTrade (Gains Network)4,348.5+0.069%Kalshi4,348.5+0.071%ApeX Omni4,349.2+0.087%Coinbase International4,349.2+0.087%Pacifica4,349.4+0.091%edgeX4,349.5+0.094%tradeXYZ4,349.8+0.101%Hotstuff4,349.8+0.101%Kraken Futures4,349.9+0.102%
Ondo Perps
Extended
gTrade (Gains Network)
ApeX Omni
Coinbase International
Pacifica
tradeXYZ
Hotstuff
Kraken FuturesPhoenix4,350.4+0.114%
Injective4,350.4+0.115%Deribit4,351.1+0.130%Variational Omni4,351.3+0.135%MEXC4,351.5+0.140%GMX4,351.5+0.140%Bullet4,351.6+0.141%RISEx4,351.6+0.143%Lighter4,351.7+0.144%BloFin4,351.7+0.144%Binance4,351.8+0.147%QFEX4,351.8+0.147%Aster4,351.9+0.148%Aevo4,351.9+0.148%Bitget4,352+0.151%Polymarket Perps4,352.2+0.156%StandX4,352.3+0.158%Paradex4,352.4+0.161%Bybit4,352.7+0.168%OKX4,353+0.174%Gate4,353.5+0.185%Phemex4,354.2+0.202%Lighter RH4,354.5+0.208%HTX4,355.2+0.224%SunX4,355.8+0.238%Vest4,386.8+0.952%
Injective
Deribit
Variational Omni
MEXC
GMX
Bullet
RISEx
Lighter
BloFin
Binance
QFEX
Aster
Aevo
Bitget
Polymarket Perps
StandX
Paradex
Bybit
OKX
Gate
Phemex
Lighter RH
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-PERPshort | −0.114% | −0.0069% | 1h | $26K | $21K | 20x | |
| Ondo Perps XAU-USD.P | −0.063% | +0.0050% | 1h | $14.8M | $49.3M | 25x | as long as short |
| Extended XAU-USD | −0.047% | +0.0184% | 1h | $13.3M | $51.0M | 25x | as long as short |
| gTrade (Gains Network) XAU/USD | −0.045% | L +0.0002% / S −0.0003% | 1h | $267K | — | 250x | as long as short |
| Kalshi KXGOLDPERP | −0.044% | +0.0039% | 24h | $4.2M | $30.7M | 15x | as long as short |
| ApeX Omni XAUUSDT | −0.028% | +0.0100% | 1h | $273K | $203K | 50x | as long as short |
| Coinbase International GOLD-PERP-INTX | −0.028% | +0.0064% | 1h | $2.0M | $5.2M | 25x | as long as short |
| Pacifica XAU | −0.023% | +0.0100% | 1h | $1.4M | $1.3M | 10x | as long as short |
| edgeX XAUUSDC | −0.020% | +0.0141% | 4h | $30.3M | $56.1M | 50x | as long as short |
| tradeXYZ xyz:GOLD | −0.014% | +0.0050% | 1h | $294.5M | $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 | −0.014% | +0.0080% | 1h | $33K | — | 25x | as long as short |
| Kraken Futures PF_XAUUSD | −0.013% | +0.0310% | 1h | $588K | $108K | 25x | as long as short |
| Phoenix GOLDlong | 0.000% | +0.0088% | 1h | $43K | $65K | 25x | |
| Injective XAU/USDC PERP | 0.000% | +0.0033% | 1h | $619 | $54 | 52x | as long as short |
| Deribit GOLD_USDC-PERPETUAL | +0.016% | +0.0279% | 1h | $223K | $963K | 25x | as long as short |
| Variational Omni XAU | +0.021% | +0.0125% | 4h | $47.7M | $34.5M | — | as long as short |
| MEXC XAU_USDT | +0.026% | +0.0136% | 4h | $383.6M | $333.1M | 1000x | as long as short |
| GMX GOLD/USD [ETH-USDC] | +0.026% | L +0.0444% / S −0.0270% | 1h | $251K | — | 111x | as long as short |
| Bullet GOLD-USD | +0.027% | +0.0108% | 1h | $59K | $77K | 10x | as long as short |
| RISEx XAU/USDC | +0.028% | 0.0000% | 1h | $3.5M | $12.1M | 25x | as long as short |
| Lighter XAU | +0.029% | +0.0088% | 1h | $20.8M | $45.9M | 25x | as long as short |
| BloFin XAU-USDT | +0.029% | +0.0377% | 4h | $14.9M | $4.1M | 100x | as long as short |
| Binance XAUUSDT | +0.032% | +0.0137% | 4h | $414.3M | $2.05B | 100x | as long as short |
| QFEX GOLD-USD | +0.032% | +0.0049% | 1h | $5.4M | $2.1M | 20x | as long as short |
| Aster XAUUSD1 | +0.033% | +0.0158% | 4h | $70.1M | $240.0M | 20x | as long as short |
| Aevo XAU-PERP | +0.034% | +0.0112% | 1h | $161K | $87 | 10x | as long as short |
| Bitget XAUUSDT | +0.037% | +0.0268% | 4h | $69.3M | $108.5M | 100x | as long as short |
| Polymarket Perps GOLD-USD | +0.041% | +0.0201% | 1h | $4.4M | $2.3M | 20x | as long as short |
| StandX XAU-USD | +0.044% | +0.0040% | 1h | $3.8M | $4.2M | 40x | as long as short |
| Paradex XAU-USD-PERP | +0.046% | +0.0075% | 8h | $19K | $6K | 5x | as long as short |
| Bybit XAUUSDT | +0.054% | +0.0146% | 4h | $83.8M | $138.9M | 150x | as long as short |
| OKX XAU-USDT-SWAP | +0.060% | +0.0287% | 8h | $156.5M | $263.5M | 100x | as long as short |
| Gate XAU_USDT | +0.071% | +0.0046% | 4h | $274.8M | $403.4M | 100x | as long as short |
| Phemex XAUUSDT | +0.087% | +0.0321% | 4h | $2.2M | $1.1M | 100x | as long as short |
| Lighter RH XAU | +0.094% | +0.0168% | 1h | $20.3M | $45.1M | 25x | as long as short |
| HTX XAU-USDT | +0.109% | +0.0299% | 4h | $2.9M | $3.3M | 75x | as long as short |
| SunX XAU-USDT | +0.124% | 0.0000% | 4h | $93K | $11.0M | 20x | as long as short |
| Vest GC-PERP | +0.837% | +0.0046% | 1h | — | $995K | 25x | as long as short |