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)−0.019%
7d average−0.016%if it closes, per $10,000$2funding while held, a day−$1.46
Long on Variational OmniShort on Lighter RH
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni XAU4,366.80.0137pay 0.0068% / 4h2h 28m$47.4M$42.3M—
ShortLighter RH XAU4,3660.0088get 0.0011% / 1h28m 59s$19.9M$36.6M25x

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
−$1.86
Funding while held
−$1.46
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Lighter RH: 0 bp × 2 orders
$0
Net
−$3.33
Spread needed to break even
0.000%
Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Lighter RH: live order book, 6 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
−0.0049%
Per $10,000 a day
−$1.46
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 Variational Omni RFQ quote, 1 min ago1.54 bpdoesn't fit1.5 bp −$154.1 bp −$406doesn't fit
Sell Lighter RH live order book, 6 min ago0.56 bp0.6 bp −$11.3 bp −$136.0 bp −$600doesn't fit

XAU price on every exchange

against the cheapest. Click to use as the short leg.
Injective4,350.4cheapestBluefin4,358.7+0.190%gTrade (Gains Network)4,360.3+0.226%Extended4,360.7+0.236%Ondo Perps4,361.2+0.247%tradeXYZ4,361.7+0.259%Kraken Futures4,361.8+0.261%Kalshi4,362.2+0.271%RISEx4,363.1+0.292%Deribit4,363.4+0.298%Lighter4,363.5+0.300%Bitget4,364.1+0.314%Aevo4,364.1+0.316%MEXC4,364.3+0.319%edgeX4,364.3+0.320%Bullet4,364.6+0.326%Coinbase International4,364.8+0.331%Pacifica4,364.9+0.333%Binance4,365+0.335%BloFin4,365+0.335%Hotstuff4,365.2+0.340%Polymarket Perps4,365.4+0.344%Bybit4,365.4+0.345%Aster4,365.7+0.351%OKX4,366+0.358%
Lighter RH4,366+0.358%
Gate4,366.2+0.362%ApeX Omni4,366.3+0.366%
Variational Omni4,366.8+0.377%
QFEX4,367.5+0.393%Phoenix4,367.5+0.393%Phemex4,367.8+0.400%GMX4,368.1+0.407%Paradex4,368.5+0.415%SunX4,368.5+0.417%HTX4,369.2+0.431%StandX4,369.2+0.432%Vest4,399.9+1.137%

XAU on 38 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective XAU/USDC PERP−0.376%+0.0033%1h$619$146K52xas long as short
Bluefin GOLD-PERP−0.187%−0.0006%1h$26K$23K20xas long as short
gTrade (Gains Network) XAU/USD−0.150%L +0.0002% / S −0.0002%1h$201K—250xas long as short
Extended XAU-USD−0.140%+0.0032%1h$13.3M$50.3M25xas long as short
Ondo Perps XAU-USD.P−0.129%+0.0050%1h$14.7M$35.8M25xas long as short
tradeXYZ xyz:GOLD−0.117%+0.0050%1h$296.8M$48.6M25xas long as short
Kraken Futures PF_XAUUSD−0.116%+0.0305%1h$588K$98K25xas long as short
Kalshi KXGOLDPERP−0.106%0.0000%24h$3.1M$17.1M15xas long as short
RISEx XAU/USDC−0.085%0.0000%1h$4.1M$10.5M25xas long as short
Deribit GOLD_USDC-PERPETUAL−0.078%+0.0300%1h$250K$854K25xas long as short
Show all 38 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Lighter XAU−0.077%+0.0080%1h$21.1M$39.7M25xas long as short
Bitget XAUUSDT−0.063%+0.0234%4h$68.2M$72.5M100xas long as short
Aevo XAU-PERP−0.061%+0.0120%1h$162K—10xas long as short
MEXC XAU_USDT−0.058%+0.0144%4h$374.4M$324.7M1000xas long as short
edgeX XAUUSDC−0.057%+0.0150%4h$30.4M$41.0M50xas long as short
Bullet GOLD-USD−0.051%+0.0194%1h$59K$78K10xas long as short
Coinbase International GOLD-PERP-INTX−0.046%+0.0096%1h$2.0M$3.6M25xas long as short
Pacifica XAU−0.044%+0.0100%1h$1.4M$1.1M10xas long as short
Binance XAUUSDT−0.042%+0.0146%4h$439.8M$1.52B100xas long as short
BloFin XAU-USDT−0.042%+0.0386%4h$15.0M$2.9M100xas long as short
Hotstuff GOLD-PERP−0.037%0.0000%1h$33K—25xas long as short
Polymarket Perps GOLD-USD−0.033%+0.0241%1h$4.1M$1.7M20xas long as short
Bybit XAUUSDT−0.032%+0.0177%4h$82.8M$104.6M150xas long as short
Aster XAUUSD1−0.026%+0.0135%4h$68.7M$155.5M20xas long as short
OKX XAU-USDT-SWAP−0.019%+0.0317%8h$155.4M$203.5M100xas long as short
Lighter RH XAUshort−0.019%+0.0088%1h$19.9M$36.6M25x
Gate XAU_USDT−0.015%+0.0084%4h$260.0M$302.7M100xas long as short
ApeX Omni XAUUSDT−0.011%+0.0100%1h$278K$199K50xas long as short
Variational Omni XAUlong0.000%+0.0137%4h$47.4M$42.3M—
QFEX GOLD-USD+0.015%+0.0043%1h$5.4M$2.1M20xas long as short
Phoenix GOLD+0.015%+0.0141%1h$51K$44K25xas long as short
Phemex XAUUSDT+0.023%+0.0188%4h$2.2M$750K100xas long as short
GMX GOLD/USD [ETH-USDC]+0.029%L +0.0346% / S −0.0156%1h$221K—111xas long as short
Paradex XAU-USD-PERP+0.038%+0.0063%8h$12K$2K5xas long as short
SunX XAU-USDT+0.039%0.0000%4h$93K$8.8M20xas long as short
HTX XAU-USDT+0.053%+0.0410%4h$2.5M$1.3M75xas long as short
StandX XAU-USD+0.054%+0.0040%1h$3.7M$725K40xas long as short
Vest GC-PERP+0.757%+0.0046%1h—$331K25xas long as short