Funding you earn now, next payment 23:00 UTC−0.0068%/8h= −7.4% APRnext payment −$0.09 per $10,000 · paid last 24h −0.005%
Price spread now: Lighter against ApeX Omni+0.089%78s7-day average −0.003% · you sell dearer than you buy
Net, funding: paid 7d − costs−$35as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$330.326% of the position
Funding, last 7 days−0.028%−$3 on $10k
+Price spread, last 3 days (all we have)−0.034%−$3 · spread now +0.089%, 7d avg −0.003%
=Together, before fees−0.062%+ Points / potential airdropLighter: Season 3 · farm board−$6 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.091% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.089% now, against its 7-day average of −0.003%): +$9 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4.5 days. At the pace of the last 7 days (−0.028% in total) that is about 23 days. The two prices were read 78 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni XAUUSDT | 4,347.4 | 0.0100 | pay 0.0013% / 1h | 48m 17s | $273K | $204K | 50x |
| Short | Lighter XAU | 4,351.2 | 0.0032 | get 0.0004% / 1h | 48m 17s | $20.8M | $43.3M | 25x |
ApeX Omni XAUUSDT
Lighter XAUFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against ApeX Omni. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$14.28
- Price spread: +0.089% → −0.003%
- $9.14
- Slippage, 4 orders
- −$22.65
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$37.79
- Costs to cover
- 0.326%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 34 min ago; Lighter: live order book, 6 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy ApeX Omni live order book, 34 min ago | 6.32 bp | 15.4 bp −$15 | 32.7 bp −$327 | 43.5 bp −$4,355 | doesn't fit |
| Sell Lighter live order book, 6 min ago | 0.44 bp | 0.6 bp −$1 | 3.0 bp −$30 | 10.2 bp −$1,019 | 23.0 bp −$11.5K |
XAU on 39 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_XAUUSD | −0.0175% | 1h | 4,350.5 | +0.073% | $600K | $160K | 25x | as long as short |
| tradeXYZ xyz:GOLD | −0.0069% | 1h | 4,348.4 | +0.024% | $292.8M | $53.5M | 25x | as long as short |
| Hotstuff GOLD-PERP | −0.0008% | 1h | 4,347.8 | +0.010% | $33K | — | 25x | as long as short |
| Aster XAUUSD1 | 0.0000% | 4h | 4,353 | +0.130% | $71.3M | $238.6M | 20x | as long as short |
| Binance XAUUSDT | 0.0000% | 4h | 4,352.8 | +0.125% | $410.0M | $2.09B | 100x | as long as short |
| Bybit XAUUSDT | 0.0000% | 4h | 4,353.3 | +0.135% | $82.5M | $141.8M | 150x | as long as short |
| RISEx XAU/USDC | 0.0000% | 1h | 4,353 | +0.129% | $3.4M | $12.6M | 25x | as long as short |
| Gate XAU_USDT | 0.0000% | 4h | 4,353.7 | +0.146% | $271.1M | $406.8M | 100x | as long as short |
| MEXC XAU_USDT | 0.0000% | 4h | 4,352.8 | +0.125% | $375.6M | $349.0M | 1000x | as long as short |
| Bitget XAUUSDT | 0.0000% | 4h | 4,353.3 | +0.135% | $67.3M | $110.8M | 100x | as long as short |
Kraken Futures PF_XAUUSD
tradeXYZ xyz:GOLD
Hotstuff GOLD-PERP
Aster XAUUSD1
Binance XAUUSDT
Bybit XAUUSDT
RISEx XAU/USDC
Gate XAU_USDT
MEXC XAU_USDT
Bitget XAUUSDTShow all 39 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni XAU | 0.0000% | 4h | 4,351.3 | +0.091% | $47.9M | $32.5M | — | as long as short |
| GRVT XAU_USDT_Perp | 0.0000% | 4h | 4,352.5 | +0.117% | $1.4M | $3.2M | 25x | as long as short |
| Kalshi KXGOLDPERP | 0.0000% | 24h | 4,351.1 | +0.086% | $3.9M | $34.0M | 15x | as long as short |
| SunX XAU-USDT | 0.0000% | 4h | 4,357 | +0.221% | $93K | $10.7M | 20x | as long as short |
| gTrade (Gains Network) XAU/USD | L +0.0002% / S −0.0003% | 1h | 4,349.2 | +0.043% | $267K | — | 10x | as long as short |
| QFEX GOLD-USD | +0.0002% | 1h | 4,352 | +0.107% | $5.5M | $1.9M | 20x | as long as short |
| edgeX XAUUSDC | +0.0014% | 4h | 4,346.6 | −0.018% | $30.3M | $58.2M | 50x | as long as short |
| Lighter XAUshort | +0.0032% | 1h | 4,351.2 | +0.089% | $20.8M | $43.3M | 25x | |
| Lighter RH XAU | +0.0032% | 1h | 4,353 | +0.129% | $20.2M | $41.1M | 25x | as long as short |
| Extended XAU-USD | +0.0032% | 1h | 4,349.4 | +0.046% | $13.0M | $49.6M | 25x | as long as short |
| Injective XAU/USDC PERP | +0.0033% | 1h | 4,350.4 | +0.070% | $619 | $54 | 52x | as long as short |
| HTX XAU-USDT | +0.0033% | 4h | 4,356.9 | +0.220% | $2.8M | $3.8M | 75x | as long as short |
| StandX XAU-USD | +0.0040% | 1h | 4,350.4 | +0.070% | $3.8M | $4.7M | 40x | as long as short |
| Vest GC-PERP | +0.0046% | 1h | 4,386.9 | +0.909% | — | $995K | 25x | as long as short |
| Polymarket Perps GOLD-USD | +0.0050% | 1h | 4,351.6 | +0.097% | $4.3M | $1.7M | 20x | as long as short |
| Ondo Perps XAU-USD.P | +0.0050% | 1h | 4,349 | +0.038% | $14.5M | $55.3M | 25x | as long as short |
| Paradex XAU-USD-PERP | +0.0050% | 8h | 4,353.3 | +0.137% | $19K | $6K | 5x | as long as short |
| Aevo XAU-PERP | +0.0080% | 1h | 4,351.9 | +0.105% | $161K | $87 | 10x | as long as short |
| Bullet GOLD-USD | +0.0086% | 1h | 4,352.8 | +0.125% | $59K | $84K | 10x | as long as short |
| Pacifica XAU | +0.0100% | 1h | 4,349.7 | +0.054% | $1.4M | $1.3M | 10x | as long as short |
| ApeX Omni XAUUSDTlong | +0.0100% | 1h | 4,347.4 | long leg | $273K | $204K | 50x | |
| Bluefin GOLD-PERP | +0.0100% | 1h | 4,392.7 | +1.042% | $26K | $21K | 20x | as long as short |
| Phoenix GOLD | +0.0109% | 1h | 4,348.1 | +0.017% | $47K | $65K | 25x | as long as short |
| Deribit GOLD_USDC-PERPETUAL | +0.0118% | 1h | 4,351.2 | +0.088% | $221K | $853K | 25x | as long as short |
| OKX XAU-USDT-SWAP | +0.0164% | 8h | 4,353.5 | +0.141% | $158.5M | $268.4M | 100x | as long as short |
| Coinbase International GOLD-PERP-INTX | +0.0208% | 1h | 4,350 | +0.060% | $2.0M | $5.1M | 25x | as long as short |
| BloFin XAU-USDT | +0.0240% | 4h | 4,352.7 | +0.122% | $14.7M | $4.3M | 100x | as long as short |
| Phemex XAUUSDT | +0.0322% | 4h | 4,354.1 | +0.155% | $2.2M | $1.1M | 100x | as long as short |
| GMX GOLD/USD [ETH-USDC] | L +0.0450% / S −0.0246% | 1h | 4,352.8 | +0.125% | $251K | — | 29x | as long as short |
Variational Omni XAU
GRVT XAU_USDT_Perp
Kalshi KXGOLDPERP
SunX XAU-USDT
gTrade (Gains Network) XAU/USD
QFEX GOLD-USD
edgeX XAUUSDC
Lighter RH XAU
Extended XAU-USD
Injective XAU/USDC PERP
HTX XAU-USDT
StandX XAU-USD
Vest GC-PERP
Polymarket Perps GOLD-USD
Ondo Perps XAU-USD.P
Paradex XAU-USD-PERP
Aevo XAU-PERP
Bullet GOLD-USD
Pacifica XAU
Bluefin GOLD-PERP
Phoenix GOLD
Deribit GOLD_USDC-PERPETUAL
OKX XAU-USDT-SWAP
Coinbase International GOLD-PERP-INTX
BloFin XAU-USDT
Phemex XAUUSDT
GMX GOLD/USD [ETH-USDC]