Cross-Exchange Gold Observatory
What this page tracks
Executable quotes for XAU, Tether Gold (XAUT), Pax Gold (PAXG) and Robinhood Gold (GLD), across the Pure 7/8 DEXs and the major CEXs.
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Best Executable Spread
Global XAU Mid (Perps)
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Median: Binance, Bybit, RiseX, Ondo, Lighter, Extended
Global XAUT Mid (Spot / RFQ)
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Median: Binance, Bybit, OKX, Variational, Extended
Global Median Basis (XAU − XAUT)
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Perp premium over Tether Gold
| Exchange | Asset | Type | Bid | Ask | Spread | Mid / Mark | 24h Chg | 24h Vol | Funding APR | Trade |
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Cross-Exchange Arbitrage Matrix
Rows buy XAUT at the best ask, columns sell XAU at the best bid. Gross spread, coloured by what is left after crossing both books. Gold outline: both legs on one venue.
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Perpetual Funding Rate Comparison
Annualised funding across every perpetual gold contract.
| Exchange | Venue | Instrument | Funding Rate | Interval | Annualized APR | Est. $/oz / Day | Trade |
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About XAU vs XAUT Markets
- XAU — synthetic perpetuals tracking spot gold, settled in USDT or USDC.
- XAUT — Tether Gold, one token to one troy ounce in a Swiss vault, traded spot and as perps.
- The basis is the gap between the two. When it widens past what crossing costs, you buy XAUT and short XAU and keep the convergence.