Funding you earn now, next payment 04:00 UTC−0.0194%/8h= −21.2% APRpaid last 24h −0.033%
Price spread now: Lighter RH against Bitget0.000%7-day average −0.023% · you buy dearer than you sell
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costs−$12as in the Price arb table
costs, in and out, $10k−$140.139% of the position
Funding, last 7 days−0.129%−$13 on $10k
+Price spread, last 7 days−0.039%−$4 · spread now 0.000%, 7d avg −0.023%
=Together, before fees−0.167%+ Points / potential airdropLighter RH: Points live · farm board−$17 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter RH is 0.023% dearer against Bitget than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.023%): +$2 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 9 hours. At the pace of the last 7 days (−0.129% in total) that is about 30 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.129% in total (about -6.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget XAUUSDT | 4,351 | 0.0234 | pay 0.0117% / 4h | 20m 25s | $70.0M | $109.4M | 100x |
| Short | Lighter RH XAU | 4,350.9 | 0.0040 | get 0.0005% / 1h | 20m 25s | $20.1M | $39.3M | 25x |
Bitget XAUUSDT
Lighter RH XAUFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Bitget. 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
- −$40.74
- Price spread: 0.000% → −0.023%
- $2.28
- Slippage, 4 orders
- −$1.92
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$52.38
- Costs to cover
- 0.139%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 4 min ago; Lighter RH: live order book, 4 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 Bitget live order book, 4 min ago | 0.01 bp | 6.2 bp −$6 | 7.3 bp −$73 | 11.5 bp −$1,154 | doesn't fit |
| Sell Lighter RH live order book, 4 min ago | 0.54 bp | 0.6 bp −$1 | 1.1 bp −$11 | 4.4 bp −$439 | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff GOLD-PERP | −0.0048% | 1h | 4,346.8 | −0.095% | $33K | — | 25x | as long as short |
| RISEx XAU/USDC | 0.0000% | 1h | 4,350.1 | −0.019% | $3.4M | $12.3M | 25x | as long as short |
| Gate XAU_USDT | 0.0000% | 4h | 4,351.6 | +0.015% | $265.2M | $415.5M | 100x | as long as short |
| SunX XAU-USDT | 0.0000% | 4h | 4,353.7 | +0.063% | $93K | $8.9M | 20x | as long as short |
| gTrade (Gains Network) XAU/USD | L +0.0002% / S −0.0003% | 1h | 4,346.8 | −0.095% | $271K | — | 250x | as long as short |
| Lighter XAU | +0.0032% | 1h | 4,348.5 | −0.055% | $20.8M | $38.2M | 25x | as long as short |
| Extended XAU-USD | +0.0032% | 1h | 4,346.1 | −0.111% | $13.2M | $38.4M | 25x | as long as short |
| Injective XAU/USDC PERP | +0.0033% | 1h | 4,350.4 | −0.012% | $619 | $54 | 52x | as long as short |
| Lighter RH XAUshort | +0.0040% | 1h | 4,350.9 | 0.000% | $20.1M | $39.3M | 25x | |
| StandX XAU-USD | +0.0040% | 1h | 4,350.7 | −0.006% | $3.8M | $4.5M | 40x | as long as short |
Hotstuff GOLD-PERP
RISEx XAU/USDC
Gate XAU_USDT
SunX XAU-USDT
gTrade (Gains Network) XAU/USD
Lighter XAU
Extended XAU-USD
Injective XAU/USDC PERP
StandX XAU-USDShow all 39 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX GOLD-USD | +0.0041% | 1h | 4,349.7 | −0.029% | $5.7M | $2.0M | 20x | as long as short |
| Vest GC-PERP | +0.0046% | 1h | 4,383.6 | +0.750% | — | $1.0M | 25x | as long as short |
| Kalshi KXGOLDPERP | +0.0047% | 24h | 4,348.6 | −0.054% | $4.2M | $37.3M | 15x | as long as short |
| Coinbase International GOLD-PERP-INTX | +0.0048% | 1h | 4,348.3 | −0.061% | $2.0M | $4.8M | 25x | as long as short |
| tradeXYZ xyz:GOLD | +0.0050% | 1h | 4,347.8 | −0.072% | $293.9M | $48.8M | 25x | as long as short |
| Ondo Perps XAU-USD.P | +0.0050% | 1h | 4,346.4 | −0.105% | $15.1M | $56.8M | 25x | as long as short |
| Aster XAUUSD1 | +0.0062% | 4h | 4,351.1 | +0.003% | $71.2M | $333.1M | 20x | as long as short |
| Variational Omni XAU | +0.0077% | 4h | 4,349.2 | −0.039% | $48.5M | $28.0M | — | as long as short |
| Paradex XAU-USD-PERP | +0.0081% | 8h | 4,350.4 | −0.014% | $19K | $5K | 5x | as long as short |
| GRVT XAU_USDT_Perp | +0.0088% | 4h | 4,350.6 | −0.007% | $1.4M | $2.9M | 25x | as long as short |
| MEXC XAU_USDT | +0.0090% | 4h | 4,350.6 | −0.008% | $372.9M | $318.3M | 1000x | as long as short |
| Binance XAUUSDT | +0.0091% | 4h | 4,350.6 | −0.009% | $413.5M | $2.09B | 100x | as long as short |
| Pacifica XAU | +0.0100% | 1h | 4,346.5 | −0.102% | $1.4M | $1.1M | 10x | as long as short |
| ApeX Omni XAUUSDT | +0.0100% | 1h | 4,349.5 | −0.033% | $275K | $203K | 50x | as long as short |
| Bluefin GOLD-PERP | +0.0100% | 1h | 4,343.8 | −0.164% | $25K | $14K | 20x | as long as short |
| edgeX XAUUSDC | +0.0101% | 4h | 4,346.3 | −0.106% | $30.2M | $58.1M | 50x | as long as short |
| Aevo XAU-PERP | +0.0104% | 1h | 4,349.7 | −0.029% | $161K | $87 | 10x | as long as short |
| Phoenix GOLD | +0.0142% | 1h | 4,348.4 | −0.059% | $47K | $77K | 25x | as long as short |
| Polymarket Perps GOLD-USD | +0.0157% | 1h | 4,350.3 | −0.015% | $4.3M | $2.0M | 20x | as long as short |
| Bullet GOLD-USD | +0.0187% | 1h | 4,350.6 | −0.008% | $59K | $82K | 10x | as long as short |
| Kraken Futures PF_XAUUSD | +0.0194% | 1h | 4,346.7 | −0.098% | $593K | $132K | 25x | as long as short |
| Phemex XAUUSDT | +0.0211% | 4h | 4,352.6 | +0.037% | $2.2M | $967K | 100x | as long as short |
| Deribit GOLD_USDC-PERPETUAL | +0.0233% | 1h | 4,348.2 | −0.063% | $206K | $822K | 25x | as long as short |
| Bitget XAUUSDTlong | +0.0234% | 4h | 4,351 | long leg | $70.0M | $109.4M | 100x | |
| Bybit XAUUSDT | +0.0244% | 4h | 4,351.9 | +0.021% | $85.3M | $144.9M | 150x | as long as short |
| OKX XAU-USDT-SWAP | +0.0294% | 8h | 4,351.7 | +0.017% | $165.6M | $282.3M | 100x | as long as short |
| BloFin XAU-USDT | +0.0331% | 4h | 4,350.1 | −0.020% | $15.6M | $4.5M | 100x | as long as short |
| GMX GOLD/USD [ETH-USDC] | L +0.0417% / S −0.0236% | 1h | 4,350.6 | −0.008% | $248K | — | 111x | as long as short |
| HTX XAU-USDT | +0.0624% | 4h | 4,355.4 | +0.102% | $2.9M | $4.3M | 75x | as long as short |
QFEX GOLD-USD
Vest GC-PERP
Kalshi KXGOLDPERP
Coinbase International GOLD-PERP-INTX
tradeXYZ xyz:GOLD
Ondo Perps XAU-USD.P
Aster XAUUSD1
Variational Omni XAU
Paradex XAU-USD-PERP
GRVT XAU_USDT_Perp
MEXC XAU_USDT
Binance XAUUSDT
Pacifica XAU
ApeX Omni XAUUSDT
Bluefin GOLD-PERP
edgeX XAUUSDC
Aevo XAU-PERP
Phoenix GOLD
Polymarket Perps GOLD-USD
Bullet GOLD-USD
Kraken Futures PF_XAUUSD
Phemex XAUUSDT
Deribit GOLD_USDC-PERPETUAL
Bybit XAUUSDT
OKX XAU-USDT-SWAP
BloFin XAU-USDT
GMX GOLD/USD [ETH-USDC]
HTX XAU-USDT