Arbitrage Monitor
Cross-venue price discrepancies for on-chain commodities
🥈
Silver
XAG
Buy on
TradeXYZ
SILVER-USD
$49.32
→
Sell on
Kinetiq
SILVER-USD
$70.45
Spread
+42.85%
After Fees
+42.73%🥈
Silver
XAG
Buy on
TradeXYZ
SILVER-USD
$49.32
→
Sell on
Felix
SILVER-USD
$65.65
Spread
+33.12%
After Fees
+33.00%🥇
Gold
XAU
Buy on
TradeXYZ
GOLD-USD
$3,924.50
→
Sell on
Kinetiq
GOLD-USD
$4,348.80
Spread
+10.81%
After Fees
+10.69%🥈
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
$3,924.50
→
Sell on
Felix
GOLD-USD
$4,153.20
Spread
+5.83%
After Fees
+5.71%🥇
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%🔶
Copper
HG
Buy on
Felix
COPPER-USD
$6.33
→
Sell on
TradeXYZ
COPPER-USD
$6.42
Spread
+1.42%
After Fees
+1.30%🛢️
Crude Oil
CL
Buy on
Ostium
CL-USD
$96.37
→
Sell on
TradeXYZ
CL-USD
$97.34
Spread
+1.01%
After Fees
+0.90%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: XAG-USD vs SILVER-USD — different oracles/benchmarks, not a true arbitrage
🥈
Silver
XAG
Buy on
Ostium
XAG-USD
$49.29
→
Sell on
Kinetiq
SILVER-USD
$70.45
Spread
+42.93%
After Fees
+42.82%Different products: XAG-USD vs SILVER-USD — different oracles/benchmarks, not a true arbitrage
🥈
Silver
XAG
Buy on
Ostium
XAG-USD
$49.29
→
Sell on
Felix
SILVER-USD
$65.65
Spread
+33.19%
After Fees
+33.08%Different products: OIL-USD vs CL-USD — different oracles/benchmarks, not a true arbitrage
🛢️
Crude Oil
CL
Buy on
Felix
OIL-USD
$76.40
→
Sell on
TradeXYZ
CL-USD
$97.34
Spread
+27.41%
After Fees
+27.29%Different products: OIL-USD vs CL-USD — different oracles/benchmarks, not a true arbitrage
🛢️
Crude Oil
CL
Buy on
Felix
OIL-USD
$76.40
→
Sell on
Ostium
CL-USD
$96.37
Spread
+26.14%
After Fees
+26.03%Different products: CL-USD vs USOIL-USD — different oracles/benchmarks, not a true arbitrage
🛢️
Crude Oil
CL
Buy on
Ostium
CL-USD
$96.37
→
Sell on
Kinetiq
USOIL-USD
$114.10
Spread
+18.40%
After Fees
+18.29%Different products: CL-USD vs USOIL-USD — different oracles/benchmarks, not a true arbitrage
🛢️
Crude Oil
CL
Buy on
TradeXYZ
CL-USD
$97.34
→
Sell on
Kinetiq
USOIL-USD
$114.10
Spread
+17.21%
After Fees
+17.09%Different products: NATGAS-USD vs GAS-USD — different oracles/benchmarks, not a true arbitrage
⛽
Natural Gas
NG
Buy on
TradeXYZ
NATGAS-USD
$2.88
→
Sell on
Felix
GAS-USD
$3.24
Spread
+12.67%
After Fees
+12.55%Different products: XAU-USD vs GOLD-USD — different oracles/benchmarks, not a true arbitrage
🥇
Gold
XAU
Buy on
Ostium
XAU-USD
$3,923.20
→
Sell on
Kinetiq
GOLD-USD
$4,348.80
Spread
+10.85%
After Fees
+10.74%Different products: PAXG-USD vs GOLD-USD — different oracles/benchmarks, not a true arbitrage
🥇
Gold
XAU
Buy on
Hyperliquid
PAXG-USD
$3,926.90
→
Sell on
Kinetiq
GOLD-USD
$4,348.80
Spread
+10.74%
After Fees
+10.65%Different products: XAU-USD vs GOLD-USD — different oracles/benchmarks, not a true arbitrage
🥇
Gold
XAU
Buy on
Ostium
XAU-USD
$3,923.20
→
Sell on
Felix
GOLD-USD
$4,153.20
Spread
+5.86%
After Fees
+5.75%Different products: PAXG-USD vs GOLD-USD — different oracles/benchmarks, not a true arbitrage
🥇
Gold
XAU
Buy on
Hyperliquid
PAXG-USD
$3,926.90
→
Sell on
Felix
GOLD-USD
$4,153.20
Spread
+5.76%
After Fees
+5.67%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
$6.41
Spread
+1.20%
After Fees
+1.09%Different products: HG-USD vs COPPER-USD — different oracles/benchmarks, not a true arbitrage
🔶
Copper
HG
Buy on
Ostium
HG-USD
$6.41
→
Sell on
TradeXYZ
COPPER-USD
$6.42
Spread
+0.21%
After Fees
+0.10%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.