data as of
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Price arb /

XAU

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Spread before costs (cost unknown: a leg has no order-book sample)−0.026%
7d average+0.037%if it closes, per $10,000$3funding while held, a day+$3.18
Long on QFEXShort on Variational Omni
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongQFEX GOLD-USD4,354.50.0051pay 0.0006% / 1h33m 11s$5.4M$1.9M20x
ShortVariational Omni XAU4,353.40.0157get 0.0079% / 4h33m 11s$47.1M$42.0M—

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
−$2.64
Funding while held
$3.18
Slippage, 4 orders
no order book: not counted
Fee QFEX: 5 bp × 2 orders
−$10
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$9.46
Spread needed to break even
0.100%
Slippage unknown: QFEX: live order book, 7 min ago; Variational Omni: RFQ quote, 2 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
+0.0106%
Per $10,000 a day
+$3.18
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 QFEX live order book, 7 min ago1.61 bp6.6 bp −$76.6 bp −$667.9 bp −$79313.2 bp −$6,613
Sell Variational Omni RFQ quote, 2 min ago1.54 bpdoesn't fit1.5 bp −$152.9 bp −$287doesn't fit

XAU price on every exchange

against the cheapest. Click to use as the short leg.
Bluefin4,348.8cheapestedgeX4,349.8+0.024%Ondo Perps4,350.2+0.033%Injective4,350.4+0.038%Hotstuff4,350.8+0.047%Phoenix4,350.9+0.049%Phemex4,351.2+0.056%ApeX Omni4,351.3+0.057%tradeXYZ4,351.5+0.063%Kalshi4,351.7+0.067%Extended4,351.8+0.070%gTrade (Gains Network)4,351.9+0.071%Coinbase International4,352+0.074%Kraken Futures4,352.7+0.089%Pacifica4,352.9+0.095%
Variational Omni4,353.4+0.105%
Deribit4,354.1+0.123%
QFEX4,354.5+0.132%
Binance4,354.6+0.135%Aevo4,354.6+0.135%Paradex4,354.7+0.137%RISEx4,354.8+0.138%MEXC4,354.8+0.138%Lighter4,354.8+0.138%Bullet4,354.8+0.139%GMX4,354.8+0.139%Aster4,354.8+0.139%BloFin4,354.9+0.140%OKX4,355.1+0.146%Bitget4,355.2+0.148%Bybit4,355.5+0.155%Polymarket Perps4,355.7+0.159%StandX4,356.3+0.173%Gate4,356.3+0.174%Lighter RH4,357.3+0.195%HTX4,358.5+0.223%SunX4,358.8+0.230%Vest4,390.6+0.962%

XAU on 38 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bluefin GOLD-PERP−0.132%−0.0268%1h$26K$23K20xas long as short
edgeX XAUUSDC−0.108%+0.0176%4h$30.3M$52.5M50xas long as short
Ondo Perps XAU-USD.P−0.099%+0.0050%1h$14.8M$42.5M25xas long as short
Injective XAU/USDC PERP−0.094%+0.0033%1h$619$72K52xas long as short
Hotstuff GOLD-PERP−0.085%+0.0064%1h$33K—25xas long as short
Phoenix GOLD−0.083%+0.0107%1h$52K$54K25xas long as short
Phemex XAUUSDT−0.075%0.0000%4h$2.2M$991K100xas long as short
ApeX Omni XAUUSDT−0.074%+0.0100%1h$273K$203K50xas long as short
tradeXYZ xyz:GOLD−0.069%+0.0050%1h$294.2M$55.3M25xas long as short
Kalshi KXGOLDPERP−0.064%+0.0122%24h$4.2M$29.3M15xas long as short
Show all 38 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Extended XAU-USD−0.062%+0.0072%1h$13.3M$52.4M25xas long as short
gTrade (Gains Network) XAU/USD−0.061%L +0.0002% / S −0.0001%1h$187K—250xas long as short
Coinbase International GOLD-PERP-INTX−0.057%+0.0104%1h$2.0M$4.9M25xas long as short
Kraken Futures PF_XAUUSD−0.042%+0.0301%1h$589K$106K25xas long as short
Pacifica XAU−0.037%+0.0100%1h$1.4M$1.3M10xas long as short
Variational Omni XAUshort−0.026%+0.0157%4h$47.1M$42.0M—
Deribit GOLD_USDC-PERPETUAL−0.009%+0.0072%1h$200K$929K25xas long as short
QFEX GOLD-USDlong0.000%+0.0051%1h$5.4M$1.9M20x
Binance XAUUSDT+0.003%+0.0173%4h$419.3M$1.95B100xas long as short
Aevo XAU-PERP+0.003%+0.0128%1h$161K$8710xas long as short
Paradex XAU-USD-PERP+0.005%+0.0070%8h$19K$6K5xas long as short
RISEx XAU/USDC+0.006%0.0000%1h$3.7M$12.0M25xas long as short
MEXC XAU_USDT+0.006%+0.0172%4h$369.5M$377.9M1000xas long as short
Lighter XAU+0.007%+0.0080%1h$20.7M$44.7M25xas long as short
Bullet GOLD-USD+0.007%+0.0121%1h$59K$78K10xas long as short
GMX GOLD/USD [ETH-USDC]+0.007%L +0.0362% / S −0.0175%1h$221K—111xas long as short
Aster XAUUSD1+0.008%+0.0159%4h$69.0M$161.8M20xas long as short
BloFin XAU-USDT+0.008%+0.0413%4h$15.4M$4.3M100xas long as short
OKX XAU-USDT-SWAP+0.014%+0.0254%8h$159.5M$254.0M100xas long as short
Bitget XAUUSDT+0.017%+0.0292%4h$71.5M$92.5M100xas long as short
Bybit XAUUSDT+0.023%+0.0109%4h$82.4M$128.0M150xas long as short
Polymarket Perps GOLD-USD+0.028%+0.0208%1h$4.1M$1.8M20xas long as short
StandX XAU-USD+0.041%+0.0040%1h$3.8M$1.6M40xas long as short
Gate XAU_USDT+0.042%+0.0048%4h$276.4M$368.1M100xas long as short
Lighter RH XAU+0.064%+0.0080%1h$19.7M$39.3M25xas long as short
HTX XAU-USDT+0.091%+0.0378%4h$2.4M$2.1M75xas long as short
SunX XAU-USDT+0.098%0.0000%4h$93K$11.1M20xas long as short
Vest GC-PERP+0.829%+0.0046%1h—$789K25xas long as short