XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0336%/8h= +36.8% APRnext payment +$0.42 per $10,000 · paid last 24h −0.238%

Price spread now: Lighter against Bluefin+0.113%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Bluefin Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Lighter is 0.113% dearer against Bluefin than usual: you sell high and buy low: +$11 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bluefin GOLD-PERP	4,360.3	−0.0304	get 0.0038% / 1h	41m 47s	$26K	$21K	20x
Short	Lighter XAU	4,365.3	0.0032	get 0.0004% / 1h	41m 47s	$20.8M	$44.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Bluefin. 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 BluefinbpFee LighterbpOrdersPrice spread, now +0.113%Rate

Funding earned: $70.58
Price spread: +0.113% → 0.000%: $11.31
Slippage, 4 orders: no order book: not counted
Fee Bluefin: 3.5 bp × 2 orders: −$7
Fee Lighter: 0 bp × 2 orders: $0
Net: $74.88
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: Bluefin: no order-book sample; Lighter: live order book, 7 min ago. Net counts fees only.

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 Bluefin no order-book sample	—	—	—	—	—
Sell Lighter live order book, 7 min ago	0.51 bp	0.5 bp −$1	2.0 bp −$20	9.8 bp −$977	23.3 bp −$11.6K

Bluefin: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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-PERPlong	−0.0304%	1h	4,360.3	long leg	$26K	$21K	20x
Phoenix GOLD	−0.0004%	1h	4,362	+0.038%	$48K	$65K	25x	as long as short
Aster XAUUSD1	0.0000%	4h	4,367.1	+0.154%	$71.6M	$228.0M	20x	as long as short
Binance XAUUSDT	0.0000%	4h	4,366.1	+0.132%	$407.9M	$2.11B	100x	as long as short
Bybit XAUUSDT	0.0000%	4h	4,366.8	+0.147%	$82.6M	$141.6M	150x	as long as short
RISEx XAU/USDC	0.0000%	1h	4,367.2	+0.158%	$3.4M	$12.4M	25x	as long as short
Gate XAU_USDT	0.0000%	4h	4,366.8	+0.148%	$268.1M	$407.8M	100x	as long as short
MEXC XAU_USDT	0.0000%	4h	4,366.1	+0.132%	$377.2M	$321.4M	1000x	as long as short
Bitget XAUUSDT	0.0000%	4h	4,366.2	+0.133%	$67.0M	$111.1M	100x	as long as short
Variational Omni XAU	0.0000%	4h	4,365.9	+0.127%	$48.5M	$30.6M	—	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT XAU_USDT_Perp	0.0000%	4h	4,363.8	+0.078%	$1.4M	$3.1M	25x	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,365.1	+0.109%	$4.0M	$35.3M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,372.2	+0.272%	$93K	$10.6M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,363.1	+0.063%	$268K	—	250x	as long as short
edgeX XAUUSDC	+0.0019%	4h	4,360.5	+0.004%	$30.3M	$58.3M	50x	as long as short
QFEX GOLD-USD	+0.0032%	1h	4,367	+0.153%	$5.6M	$1.7M	20x	as long as short
Lighter XAUshort	+0.0032%	1h	4,365.3	+0.113%	$20.8M	$44.4M	25x
Lighter RH XAU	+0.0032%	1h	4,367.6	+0.166%	$20.3M	$41.6M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,362.7	+0.054%	$13.0M	$46.5M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.228%	$619	$54	52x	as long as short
Bullet GOLD-USD	+0.0035%	1h	4,366.9	+0.150%	$60K	$81K	10x	as long as short
StandX XAU-USD	+0.0040%	1h	4,366.3	+0.137%	$3.8M	$4.7M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,401.7	+0.949%	—	$1.0M	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0048%	1h	4,365	+0.107%	$235K	$735K	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,362.7	+0.054%	$293.7M	$52.3M	25x	as long as short
Paradex XAU-USD-PERP	+0.0050%	8h	4,367.3	+0.160%	$19K	$6K	5x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,364.2	+0.088%	$14.5M	$56.1M	25x	as long as short
Hotstuff GOLD-PERP	+0.0056%	1h	4,364.2	+0.089%	$33K	—	25x	as long as short
Polymarket Perps GOLD-USD	+0.0075%	1h	4,367.3	+0.160%	$4.3M	$1.8M	20x	as long as short
Aevo XAU-PERP	+0.0080%	1h	4,365.9	+0.128%	$162K	$87	10x	as long as short
Pacifica XAU	+0.0100%	1h	4,363.3	+0.068%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,361.3	+0.023%	$277K	$204K	50x	as long as short
HTX XAU-USDT	+0.0138%	4h	4,371.1	+0.246%	$2.8M	$3.8M	75x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0152%	1h	4,364	+0.084%	$2.0M	$5.1M	25x	as long as short
OKX XAU-USDT-SWAP	+0.0154%	8h	4,366.8	+0.148%	$157.9M	$271.3M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0220%	1h	4,364.6	+0.099%	$602K	$138K	25x	as long as short
BloFin XAU-USDT	+0.0240%	4h	4,366.8	+0.148%	$14.7M	$4.4M	100x	as long as short
Phemex XAUUSDT	+0.0302%	4h	4,369.2	+0.204%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0388% / S −0.0197%	1h	4,366.8	+0.148%	$252K	—	111x	as long as short