Arbitrage Monitor
Cross-venue price discrepancies for on-chain commodities
🥈
Silver
XAG
Buy on
TradeXYZ
SILVER-USD
$59.47
→
Sell on
Kinetiq
SILVER-USD
$70.45
Spread
+18.46%
After Fees
+18.34%🥈
Silver
XAG
Buy on
TradeXYZ
SILVER-USD
$59.47
→
Sell on
Felix
SILVER-USD
$65.65
Spread
+10.38%
After Fees
+10.26%🥈
Silver
XAG
Buy on
Felix
SILVER-USD
$65.65
→
Sell on
Kinetiq
SILVER-USD
$70.45
Spread
+7.31%
After Fees
+7.19%🥇
Gold
XAU
Buy on
TradeXYZ
GOLD-USD
$4,082.00
→
Sell on
Kinetiq
GOLD-USD
$4,348.80
Spread
+6.54%
After Fees
+6.42%🔶
Copper
HG
Buy on
Felix
COPPER-USD
$6.33
→
Sell on
TradeXYZ
COPPER-USD
$6.65
Spread
+4.99%
After Fees
+4.87%🥇
Gold
XAU
Buy on
Felix
GOLD-USD
$4,153.20
→
Sell on
Kinetiq
GOLD-USD
$4,348.80
Spread
+4.71%
After Fees
+4.59%🥇
Gold
XAU
Buy on
TradeXYZ
GOLD-USD
$4,082.00
→
Sell on
Felix
GOLD-USD
$4,153.20
Spread
+1.74%
After Fees
+1.62%🛢️
Crude Oil
CL
Buy on
Ostium
CL-USD
$75.30
→
Sell on
TradeXYZ
CL-USD
$76.11
Spread
+1.08%
After Fees
+0.97%Different products: CL-USD vs USOIL-USD — different oracles/benchmarks, not a true arbitrage
🛢️
Crude Oil
CL
Buy on
Ostium
CL-USD
$75.30
→
Sell on
Kinetiq
USOIL-USD
$114.10
Spread
+51.53%
After Fees
+51.42%Different products: CL-USD vs USOIL-USD — different oracles/benchmarks, not a true arbitrage
🛢️
Crude Oil
CL
Buy on
TradeXYZ
CL-USD
$76.11
→
Sell on
Kinetiq
USOIL-USD
$114.10
Spread
+49.91%
After Fees
+49.79%Different products: OIL-USD vs USOIL-USD — different oracles/benchmarks, not a true arbitrage
🛢️
Crude Oil
CL
Buy on
Felix
OIL-USD
$76.40
→
Sell on
Kinetiq
USOIL-USD
$114.10
Spread
+49.35%
After Fees
+49.23%Different products: NATGAS-USD vs GAS-USD — different oracles/benchmarks, not a true arbitrage
⛽
Natural Gas
NG
Buy on
TradeXYZ
NATGAS-USD
$2.67
→
Sell on
Felix
GAS-USD
$3.24
Spread
+21.41%
After Fees
+21.29%Different products: XAG-USD vs SILVER-USD — different oracles/benchmarks, not a true arbitrage
🥈
Silver
XAG
Buy on
Ostium
XAG-USD
$59.43
→
Sell on
Kinetiq
SILVER-USD
$70.45
Spread
+18.55%
After Fees
+18.44%Different products: XAG-USD vs SILVER-USD — different oracles/benchmarks, not a true arbitrage
🥈
Silver
XAG
Buy on
Ostium
XAG-USD
$59.43
→
Sell on
Felix
SILVER-USD
$65.65
Spread
+10.48%
After Fees
+10.37%Different products: PAXG-USD vs GOLD-USD — different oracles/benchmarks, not a true arbitrage
🥇
Gold
XAU
Buy on
Hyperliquid
PAXG-USD
$4,074.60
→
Sell on
Kinetiq
GOLD-USD
$4,348.80
Spread
+6.73%
After Fees
+6.63%Different products: XAU-USD vs GOLD-USD — different oracles/benchmarks, not a true arbitrage
🥇
Gold
XAU
Buy on
Ostium
XAU-USD
$4,078.77
→
Sell on
Kinetiq
GOLD-USD
$4,348.80
Spread
+6.62%
After Fees
+6.51%Different products: COPPER-USD vs HG-USD — different oracles/benchmarks, not a true arbitrage
🔶
Copper
HG
Buy on
Felix
COPPER-USD
$6.33
→
Sell on
Ostium
HG-USD
$6.63
Spread
+4.81%
After Fees
+4.70%Different products: PAXG-USD vs GOLD-USD — different oracles/benchmarks, not a true arbitrage
🥇
Gold
XAU
Buy on
Hyperliquid
PAXG-USD
$4,074.60
→
Sell on
Felix
GOLD-USD
$4,153.20
Spread
+1.93%
After Fees
+1.83%Different products: XAU-USD vs GOLD-USD — different oracles/benchmarks, not a true arbitrage
🥇
Gold
XAU
Buy on
Ostium
XAU-USD
$4,078.77
→
Sell on
Felix
GOLD-USD
$4,153.20
Spread
+1.82%
After Fees
+1.71%Different products: CL-USD vs OIL-USD — different oracles/benchmarks, not a true arbitrage
🛢️
Crude Oil
CL
Buy on
Ostium
CL-USD
$75.30
→
Sell on
Felix
OIL-USD
$76.40
Spread
+1.46%
After Fees
+1.35%Different products: CL-USD vs OIL-USD — different oracles/benchmarks, not a true arbitrage
🛢️
Crude Oil
CL
Buy on
TradeXYZ
CL-USD
$76.11
→
Sell on
Felix
OIL-USD
$76.40
Spread
+0.38%
After Fees
+0.26%Different products: PAXG-USD vs GOLD-USD — different oracles/benchmarks, not a true arbitrage
🥇
Gold
XAU
Buy on
Hyperliquid
PAXG-USD
$4,074.60
→
Sell on
TradeXYZ
GOLD-USD
$4,082.00
Spread
+0.18%
After Fees
+0.09%Different products: HG-USD vs COPPER-USD — different oracles/benchmarks, not a true arbitrage
🔶
Copper
HG
Buy on
Ostium
HG-USD
$6.63
→
Sell on
TradeXYZ
COPPER-USD
$6.65
Spread
+0.18%
After Fees
+0.07%Different products: PAXG-USD vs XAU-USD — different oracles/benchmarks, not a true arbitrage
🥇
Gold
XAU
Buy on
Hyperliquid
PAXG-USD
$4,074.60
→
Sell on
Ostium
XAU-USD
$4,078.77
Spread
+0.10%
After Fees
+0.02%Understanding Oil Tickers
CL (TradeXYZ, Ostium) — WTI Crude Oil Futures. Tracks the CME CL front-month contract. Most widely traded crude benchmark.
OIL (Felix) — Crude Oil index. May use a blended oracle (WTI/Brent). Check Felix docs for oracle source.
USOIL (Kinetiq) — US Oil spot-referenced. Often tracks WTI spot but with a different oracle provider, which can cause persistent price differences vs CL futures.
Price differences between CL, OIL, and USOIL do not represent arbitrage opportunities — they are different products with different oracles. Only compare same-ticker pairs for true arbitrage.