XAU CVD: Spot vs Perp Taker Flow

XAU CVD: spot vs perp net buying

XAU cumulative volume delta (CVD): taker buys minus taker sells, in US dollars. The table shows XAU's net taker flow over the last 1, 4 and 24 hours on each exchange, spot and perpetual futures apart, and the chart shows spot and perp CVD over time.

Over the last 4 hours, XAU perpetual futures were net sold (-$4.8M); it trades only as a perp on these exchanges. Over 1h the read is perps buying, while 24h agrees. XAU ranks #58 of 100 on the CVD screener by 24h volume ($48.2M across spot and perps).

#58 of 100 by 24h volumeTaker split from BybitWindows: 1h, 4h, 24hAs of 02:17 UTC

Verdict 1h

Perps buying

Over the last 1 hour, XAU perpetual futures were net bought (+$370K); it trades only as a perp on these exchanges.

Verdict 4h

Perps selling

Over the last 4 hours, XAU perpetual futures were net sold (-$4.8M); it trades only as a perp on these exchanges.

Verdict 24h

Perps selling

Over the last 24 hours, XAU perpetual futures were net sold (-$4.9M); it trades only as a perp on these exchanges.

XAU net taker flow by exchange · spot vs perp

taker buys minus taker sells, USD

Exchange	Market	Net 1h	Net 4h	Net 24h	Buy % 24h	Vol 24h
Bybit	Perp	+$370K	-$4.80M	-$4.89M	44.9%	$48.21M
All exchanges	Perp	+$370K	-$4.80M	-$4.89M	44.9%	$48.21M

XAU CVD and taker flow

Spot vs perp, from range start · bars: net taker buys

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Chart: TradingView Lightweight Charts™

How to read it. Net taker flow is taker buys minus taker sells in US dollars: the change in XAU's CVD over the window. A side counts as buying or selling when its net flow is at least 2% of its volume and $10K; Spot buying, perps selling and Perps buying, spot selling are the divergences. Price, funding and open interest are on the XAU page. Refreshed every minute. Not financial advice.

Taker split from Bybit (1-minute bars recorded from their public feeds). Stablecoins and HIP-3 stock perps are left out.

Bybit caveat. Bybit's taker split is rebuilt from its public trade stream. A Bybit minute without a split (the first minute after a reconnect, or one the stream missed) counts as neutral in the 5-minute and hourly rollups these figures and the chart's longer ranges use; minutes recorded before that fix count as selling, so Bybit's older CVD can lean slightly negative.

XAU CVD FAQ

What does {} CVD show?

Cumulative volume delta adds up taker buys minus taker sells. The figures here are the change in XAU CVD over the last 1, 4 and 24 hours (the net taker flow) on each exchange, split into spot and perpetual futures. The chart shows spot and perp CVD from the start of the chosen range, with net taker flow as bars below.

How is the verdict decided?

Each side (spot or perps) counts as buying or selling when its net flow over the window is at least 2% of the volume that carries a taker split and at least $10K; smaller imbalances count as balanced. The verdict is the 4-hour read, the same rule as the CVD screener. It describes what takers did, not what price will do next. Not financial advice.