Spread before costs (cost unknown: a leg has no order-book sample)+0.036%
7d average—if it closes, per $10,000$4funding while held, a day+$2.79
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix GOLD | 4,342.3 | 0.0101 | pay 0.0013% / 1h | 27m 18s | $43K | $65K | 25x |
| Short | GMX GOLD/USD [ETH-USDC] | 4,343.9 | L +0.0375% / S −0.0194% | get 0.0024% / 1h | 27m 18s | $221K | — | 111x |
Phoenix GOLD
GMX GOLD/USD [ETH-USDC]Price 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
- $3.58
- Funding while held
- $2.79
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$12.63
- Spread needed to break even
- 0.190%
Slippage unknown: Phoenix: no order-book sample; GMX: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0093%
- Per $10,000 a day
- +$2.79
- 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 GMX no order-book sample | — | — | — | — | — |
Phoenix and GMX: 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.Bluefin4,338.2cheapestgTrade (Gains Network)4,340.4+0.051%Extended4,340.5+0.053%tradeXYZ4,340.8+0.059%Ondo Perps4,340.8+0.059%Kalshi4,341.5+0.075%Coinbase International4,341.6+0.078%Kraken Futures4,341.8+0.082%
Bluefin
gTrade (Gains Network)
Extended
tradeXYZ
Ondo Perps
Coinbase International
Kraken FuturesPhoenix4,342.3+0.094%
Hotstuff4,342.4+0.096%Pacifica4,342.8+0.105%Deribit4,343+0.110%Bitget4,343.3+0.118%MEXC4,343.4+0.118%Lighter4,343.4+0.120%Binance4,343.5+0.121%RISEx4,343.6+0.124%ApeX Omni4,343.7+0.126%Polymarket Perps4,343.7+0.126%BloFin4,343.7+0.127%
Hotstuff
Pacifica
Deribit
Bitget
MEXC
Lighter
Binance
RISEx
ApeX Omni
Polymarket Perps
BloFinGMX4,343.9+0.130%
Bullet4,343.9+0.130%Bybit4,344+0.132%OKX4,344.1+0.135%Aevo4,344.3+0.141%Aster4,344.9+0.154%Gate4,345.1+0.159%edgeX4,345.2+0.160%QFEX4,345.2+0.161%StandX4,345.3+0.163%Paradex4,345.8+0.174%Lighter RH4,345.8+0.175%Phemex4,346.6+0.193%Variational Omni4,347+0.203%SunX4,347.5+0.213%HTX4,347.5+0.214%Injective4,350.4+0.281%Vest4,379.4+0.949%
Bullet
Bybit
OKX
Aevo
Aster
Gate
QFEX
StandX
Paradex
Lighter RH
Phemex
Variational Omni
SunX
HTX
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 | −0.094% | +0.0100% | 1h | $26K | $23K | 20x | as long as short |
| gTrade (Gains Network) XAU/USD | −0.043% | L +0.0002% / S −0.0003% | 1h | $266K | — | 250x | as long as short |
| Extended XAU-USD | −0.040% | +0.0056% | 1h | $13.3M | $51.9M | 25x | as long as short |
| tradeXYZ xyz:GOLD | −0.035% | +0.0050% | 1h | $294.1M | $60.9M | 25x | as long as short |
| Ondo Perps XAU-USD.P | −0.034% | +0.0050% | 1h | $14.7M | $47.1M | 25x | as long as short |
| Kalshi KXGOLDPERP | −0.018% | +0.0053% | 24h | $4.2M | $30.2M | 15x | as long as short |
| Coinbase International GOLD-PERP-INTX | −0.016% | +0.0056% | 1h | $1.9M | $5.2M | 25x | as long as short |
| Kraken Futures PF_XAUUSD | −0.012% | +0.0252% | 1h | $587K | $109K | 25x | as long as short |
| Phoenix GOLDlong | 0.000% | +0.0101% | 1h | $43K | $65K | 25x | |
| Hotstuff GOLD-PERP | +0.002% | +0.0072% | 1h | $33K | — | 25x | as long as short |
Show all 38 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Pacifica XAU | +0.012% | +0.0100% | 1h | $1.4M | $1.3M | 10x | as long as short |
| Deribit GOLD_USDC-PERPETUAL | +0.016% | +0.0211% | 1h | $223K | $991K | 25x | as long as short |
| Bitget XAUUSDT | +0.024% | +0.0232% | 4h | $69.3M | $106.2M | 100x | as long as short |
| MEXC XAU_USDT | +0.025% | +0.0122% | 4h | $377.6M | $361.2M | 1000x | as long as short |
| Lighter XAU | +0.026% | +0.0072% | 1h | $20.6M | $44.6M | 25x | as long as short |
| Binance XAUUSDT | +0.028% | +0.0122% | 4h | $417.6M | $2.05B | 100x | as long as short |
| RISEx XAU/USDC | +0.030% | 0.0000% | 1h | $3.7M | $12.9M | 25x | as long as short |
| ApeX Omni XAUUSDT | +0.032% | +0.0100% | 1h | $273K | $203K | 50x | as long as short |
| Polymarket Perps GOLD-USD | +0.032% | +0.0146% | 1h | $4.2M | $2.1M | 20x | as long as short |
| BloFin XAU-USDT | +0.033% | +0.0382% | 4h | $15.0M | $4.2M | 100x | as long as short |
| GMX GOLD/USD [ETH-USDC]short | +0.036% | L +0.0375% / S −0.0194% | 1h | $221K | — | 111x | |
| Bullet GOLD-USD | +0.036% | +0.0103% | 1h | $58K | $78K | 10x | as long as short |
| Bybit XAUUSDT | +0.038% | +0.0077% | 4h | $82.9M | $135.2M | 150x | as long as short |
| OKX XAU-USDT-SWAP | +0.041% | +0.0237% | 8h | $156.8M | $263.8M | 100x | as long as short |
| Aevo XAU-PERP | +0.047% | +0.0112% | 1h | $161K | $87 | 10x | as long as short |
| Aster XAUUSD1 | +0.060% | +0.0100% | 4h | $69.4M | $240.1M | 20x | as long as short |
| Gate XAU_USDT | +0.065% | +0.0020% | 4h | $273.2M | $393.3M | 100x | as long as short |
| edgeX XAUUSDC | +0.066% | +0.0137% | 4h | $30.3M | $55.9M | 50x | as long as short |
| QFEX GOLD-USD | +0.067% | +0.0044% | 1h | $5.4M | $2.1M | 20x | as long as short |
| StandX XAU-USD | +0.069% | +0.0040% | 1h | $3.8M | $2.7M | 40x | as long as short |
| Paradex XAU-USD-PERP | +0.080% | +0.0066% | 8h | $19K | $6K | 5x | as long as short |
| Lighter RH XAU | +0.081% | +0.0128% | 1h | $20.0M | $41.4M | 25x | as long as short |
| Phemex XAUUSDT | +0.099% | +0.0253% | 4h | $2.2M | $1.0M | 100x | as long as short |
| Variational Omni XAU | +0.109% | +0.0105% | 4h | $48.1M | $41.2M | — | as long as short |
| SunX XAU-USDT | +0.119% | 0.0000% | 4h | $92K | $11.2M | 20x | as long as short |
| HTX XAU-USDT | +0.120% | +0.0268% | 4h | $2.4M | $2.4M | 75x | as long as short |
| Injective XAU/USDC PERP | +0.187% | +0.0033% | 1h | $619 | $54 | 52x | as long as short |
| Vest GC-PERP | +0.854% | +0.0046% | 1h | — | $974K | 25x | as long as short |