Spread before costs (cost unknown: a leg has no order-book sample)−0.126%
7d average—if it closes, per $10,000$13funding while held, a day+$0.72
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | StandX XAU-USD | 4,356.3 | 0.0040 | pay 0.0005% / 1h | 32m 50s | $3.8M | $1.6M | 40x |
| Short | Hotstuff GOLD-PERP | 4,350.8 | 0.0064 | get 0.0008% / 1h | 32m 50s | $33K | — | 25x |
StandX XAU-USD
Hotstuff 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
- −$12.63
- Funding while held
- $0.72
- Slippage, 4 orders
- no order book: not counted
- Fee StandX: 4 bp × 2 orders
- −$8
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Net
- −$24.91
- Spread needed to break even
- 0.130%
Slippage unknown: StandX: live order book, 3 min ago; Hotstuff: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0024%
- Per $10,000 a day
- +$0.72
- 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 StandX live order book, 3 min ago | 2.30 bp | 6.3 bp −$6 | 7.2 bp −$72 | 10.0 bp −$1,000 | 11.7 bp −$5,862 |
| Sell Hotstuff no order-book sample | — | — | — | — | — |
Hotstuff: 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.Bluefin4,348.8cheapestedgeX4,349.8+0.024%Ondo Perps4,350.2+0.033%Injective4,350.4+0.038%
Bluefin
Ondo Perps
InjectiveHotstuff4,350.8+0.047%
Extended4,350.9+0.049%Phoenix4,350.9+0.049%tradeXYZ4,351.1+0.054%Phemex4,351.2+0.056%ApeX Omni4,351.3+0.057%Kalshi4,351.7+0.067%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%MEXC4,353.7+0.113%Deribit4,354.1+0.123%Binance4,354.1+0.123%Aster4,354.2+0.124%OKX4,354.3+0.127%Bitget4,354.4+0.128%QFEX4,354.5+0.132%Aevo4,354.6+0.135%Paradex4,354.7+0.137%RISEx4,354.8+0.138%Lighter4,354.8+0.138%Bullet4,354.8+0.139%GMX4,354.8+0.139%Bybit4,354.8+0.139%BloFin4,354.9+0.140%Gate4,355.5+0.155%Polymarket Perps4,355.7+0.159%
Extended
Phoenix
tradeXYZ
Phemex
ApeX Omni
gTrade (Gains Network)
Coinbase International
Kraken Futures
Pacifica
Variational Omni
MEXC
Deribit
Binance
Aster
OKX
Bitget
QFEX
Aevo
Paradex
RISEx
Lighter
Bullet
GMX
Bybit
BloFin
Gate
Polymarket PerpsStandX4,356.3+0.173%
Lighter RH4,357.3+0.195%HTX4,358.5+0.223%SunX4,358.8+0.230%Vest4,390.6+0.962%
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-PERP | −0.173% | −0.0268% | 1h | $26K | $23K | 20x | as long as short |
| edgeX XAUUSDC | −0.149% | +0.0176% | 4h | $30.3M | $52.5M | 50x | as long as short |
| Ondo Perps XAU-USD.P | −0.140% | +0.0050% | 1h | $14.8M | $42.5M | 25x | as long as short |
| Injective XAU/USDC PERP | −0.135% | +0.0033% | 1h | $619 | $72K | 52x | as long as short |
| Hotstuff GOLD-PERPshort | −0.126% | +0.0064% | 1h | $33K | — | 25x | |
| Extended XAU-USD | −0.124% | +0.0072% | 1h | $13.3M | $52.4M | 25x | as long as short |
| Phoenix GOLD | −0.124% | +0.0107% | 1h | $52K | $54K | 25x | as long as short |
| tradeXYZ xyz:GOLD | −0.119% | +0.0050% | 1h | $294.2M | $55.3M | 25x | as long as short |
| Phemex XAUUSDT | −0.117% | 0.0000% | 4h | $2.2M | $991K | 100x | as long as short |
| ApeX Omni XAUUSDT | −0.115% | +0.0100% | 1h | $273K | $203K | 50x | as long as short |
Show all 38 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Kalshi KXGOLDPERP | −0.106% | +0.0122% | 24h | $4.2M | $29.3M | 15x | as long as short |
| gTrade (Gains Network) XAU/USD | −0.102% | L +0.0002% / S −0.0001% | 1h | $187K | — | 250x | as long as short |
| Coinbase International GOLD-PERP-INTX | −0.099% | +0.0104% | 1h | $2.0M | $4.9M | 25x | as long as short |
| Kraken Futures PF_XAUUSD | −0.084% | +0.0301% | 1h | $589K | $106K | 25x | as long as short |
| Pacifica XAU | −0.078% | +0.0100% | 1h | $1.4M | $1.3M | 10x | as long as short |
| Variational Omni XAU | −0.068% | +0.0157% | 4h | $47.1M | $42.0M | — | as long as short |
| MEXC XAU_USDT | −0.060% | +0.0172% | 4h | $369.4M | $377.9M | 1000x | as long as short |
| Deribit GOLD_USDC-PERPETUAL | −0.051% | +0.0072% | 1h | $200K | $929K | 25x | as long as short |
| Binance XAUUSDT | −0.050% | +0.0173% | 4h | $419.3M | $1.95B | 100x | as long as short |
| Aster XAUUSD1 | −0.049% | +0.0159% | 4h | $69.1M | $161.8M | 20x | as long as short |
| OKX XAU-USDT-SWAP | −0.046% | +0.0254% | 8h | $159.5M | $254.0M | 100x | as long as short |
| Bitget XAUUSDT | −0.045% | +0.0292% | 4h | $71.5M | $92.6M | 100x | as long as short |
| QFEX GOLD-USD | −0.041% | +0.0051% | 1h | $5.4M | $1.9M | 20x | as long as short |
| Aevo XAU-PERP | −0.038% | +0.0128% | 1h | $161K | $87 | 10x | as long as short |
| Paradex XAU-USD-PERP | −0.036% | +0.0070% | 8h | $19K | $6K | 5x | as long as short |
| RISEx XAU/USDC | −0.035% | 0.0000% | 1h | $3.7M | $12.0M | 25x | as long as short |
| Lighter XAU | −0.035% | +0.0080% | 1h | $20.7M | $44.7M | 25x | as long as short |
| Bullet GOLD-USD | −0.034% | +0.0121% | 1h | $59K | $78K | 10x | as long as short |
| GMX GOLD/USD [ETH-USDC] | −0.034% | L +0.0362% / S −0.0175% | 1h | $221K | — | 111x | as long as short |
| Bybit XAUUSDT | −0.034% | +0.0109% | 4h | $82.4M | $128.0M | 150x | as long as short |
| BloFin XAU-USDT | −0.033% | +0.0413% | 4h | $15.4M | $4.3M | 100x | as long as short |
| Gate XAU_USDT | −0.019% | +0.0048% | 4h | $276.4M | $368.1M | 100x | as long as short |
| Polymarket Perps GOLD-USD | −0.014% | +0.0208% | 1h | $4.1M | $1.8M | 20x | as long as short |
| StandX XAU-USDlong | 0.000% | +0.0040% | 1h | $3.8M | $1.6M | 40x | |
| Lighter RH XAU | +0.022% | +0.0080% | 1h | $19.7M | $39.3M | 25x | as long as short |
| HTX XAU-USDT | +0.050% | +0.0378% | 4h | $2.4M | $2.1M | 75x | as long as short |
| SunX XAU-USDT | +0.057% | 0.0000% | 4h | $93K | $11.1M | 20x | as long as short |
| Vest GC-PERP | +0.787% | +0.0046% | 1h | — | $789K | 25x | as long as short |