Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0184%/8h= −20.1% APRpaid last 24h −0.084%

Price spread now: Lighter RH against BloFin+0.046%7-day average +0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs−$9as in the Price arb table

costs, in and out, $10k−$130.134% of the position

Long on BloFin Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days−0.417%−$42 on $10k

Price spread, last 3 days (all we have)−0.058%−$6 · spread now +0.046%, 7d avg +0.007%

Together, before fees−0.475%+ Points / potential airdropLighter RH: Points live · farm board−$47 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter RH is 0.039% dearer against BloFin than usual: you sell high and buy low (spread +0.046% now, against its 7-day average of +0.007%): +$4 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 17 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin XAU-USDT	4,370.9	0.0240	pay 0.0120% / 4h	15m 16s	$14.8M	$4.5M	100x
Short	Lighter RH XAU	4,372.9	0.0056	get 0.0007% / 1h	15m 16s	$20.2M	$42.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against BloFin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BloFinbpFee Lighter RHbpOrdersPrice spread, now +0.046%Rate

Funding earned: −$38.64
Price spread: +0.046% → +0.007%: $3.88
Slippage, 4 orders: −$1.37
Fee BloFin: 6 bp × 2 orders: −$12
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$48.13
Costs to cover: 0.134%
Break-even: never at this rate

Slippage from BloFin: 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 BloFin live order book, 4 min ago	0.02 bp	6.0 bp −$6	6.2 bp −$62	7.5 bp −$754	doesn't fit
Sell Lighter RH live order book, 4 min ago	0.64 bp	0.7 bp −$1	0.8 bp −$8	3.8 bp −$380	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
Bluefin GOLD-PERP	−0.0230%	1h	4,363.3	−0.175%	$26K	$22K	20x	as long as short
Hotstuff GOLD-PERP	−0.0008%	1h	4,366.9	−0.091%	$33K	—	25x	as long as short
Phoenix GOLD	−0.0004%	1h	4,370.3	−0.013%	$48K	$65K	25x	as long as short
Aster XAUUSD1	0.0000%	4h	4,371.3	+0.008%	$71.9M	$224.8M	20x	as long as short
Binance XAUUSDT	0.0000%	4h	4,371	+0.003%	$410.8M	$2.14B	100x	as long as short
Bybit XAUUSDT	0.0000%	4h	4,371.7	+0.018%	$82.8M	$142.6M	150x	as long as short
RISEx XAU/USDC	0.0000%	1h	4,371	+0.003%	$3.4M	$12.3M	25x	as long as short
Gate XAU_USDT	0.0000%	4h	4,371.3	+0.009%	$267.4M	$417.7M	100x	as long as short
MEXC XAU_USDT	0.0000%	4h	4,370.9	+0.001%	$376.1M	$324.1M	1000x	as long as short
Bitget XAUUSDT	0.0000%	4h	4,370.6	−0.006%	$69.6M	$113.4M	100x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni XAU	0.0000%	4h	4,370.5	−0.009%	$48.5M	$29.3M	—	as long as short
GRVT XAU_USDT_Perp	0.0000%	4h	4,371	+0.003%	$1.4M	$3.1M	25x	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,368.2	−0.062%	$4.0M	$36.2M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,375	+0.093%	$93K	$10.5M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,366.5	−0.100%	$268K	—	250x	as long as short
edgeX XAUUSDC	+0.0009%	4h	4,365.9	−0.115%	$30.4M	$59.4M	50x	as long as short
QFEX GOLD-USD	+0.0032%	1h	4,370	−0.020%	$5.4M	$1.9M	20x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.468%	$619	$54	52x	as long as short
Lighter XAU	+0.0040%	1h	4,370.3	−0.014%	$20.8M	$44.9M	25x	as long as short
StandX XAU-USD	+0.0040%	1h	4,371.8	+0.021%	$3.8M	$4.7M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,404.8	+0.776%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,366.6	−0.098%	$294.2M	$52.5M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,367	−0.090%	$14.7M	$57.0M	25x	as long as short
Paradex XAU-USD-PERP	+0.0054%	8h	4,370.5	−0.009%	$19K	$5K	5x	as long as short
Lighter RH XAUshort	+0.0056%	1h	4,372.9	+0.046%	$20.2M	$42.3M	25x
Extended XAU-USD	+0.0064%	1h	4,366.6	−0.097%	$13.1M	$45.5M	25x	as long as short
Aevo XAU-PERP	+0.0080%	1h	4,369.9	−0.022%	$162K	$87	10x	as long as short
Pacifica XAU	+0.0100%	1h	4,367.4	−0.080%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,368.6	−0.054%	$277K	$204K	50x	as long as short
Polymarket Perps GOLD-USD	+0.0104%	1h	4,370	−0.020%	$4.3M	$1.8M	20x	as long as short
Bullet GOLD-USD	+0.0111%	1h	4,370.7	−0.005%	$59K	$81K	10x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0152%	1h	4,367.2	−0.084%	$2.0M	$5.1M	25x	as long as short
OKX XAU-USDT-SWAP	+0.0162%	8h	4,371.3	+0.009%	$158.6M	$274.4M	100x	as long as short
HTX XAU-USDT	+0.0186%	4h	4,377	+0.140%	$2.8M	$3.8M	75x	as long as short
Kraken Futures PF_XAUUSD	+0.0219%	1h	4,368.1	−0.064%	$603K	$137K	25x	as long as short
BloFin XAU-USDTlong	+0.0240%	4h	4,370.9	long leg	$14.8M	$4.5M	100x
Deribit GOLD_USDC-PERPETUAL	+0.0254%	1h	4,369.8	−0.025%	$235K	$736K	25x	as long as short
Phemex XAUUSDT	+0.0320%	4h	4,370.9	0.000%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0389% / S −0.0197%	1h	4,370.7	−0.005%	$252K	—	111x	as long as short