XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0024%/8h= −2.6% APRnext payment −$0.03 per $10,000 · paid last 24h −0.004%

Price spread now: Lighter against Coinbase International+0.132%7-day average +0.056% · you sell dearer than you buy

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$6as in the Price arb table

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

Long on Coinbase International Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.376%−$38 on $10k

Price spread, last 3 days (all we have)−0.070%−$7 · spread now +0.132%, 7d avg +0.056%

Together, before fees−0.447%+ Points / potential airdropLighter: Season 3 · farm board−$45 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter is 0.076% dearer against Coinbase International than usual: you sell high and buy low (spread +0.132% now, against its 7-day average of +0.056%): +$8 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 11 days. At the pace of the last 7 days (−0.376% in total) that is about 34 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International GOLD-PERP-INTX	4,350.6	0.0072	pay 0.0009% / 1h	41m 09s	$2.0M	$5.0M	25x
Short	Lighter XAU	4,356.3	0.0048	get 0.0006% / 1h	41m 09s	$20.7M	$43.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Coinbase International. 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 Coinbase InternationalbpFee LighterbpOrdersPrice spread, now +0.132%Rate

Funding earned: −$5.04
Price spread: +0.132% → +0.056%: $7.58
Slippage, 4 orders: −$3.4
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$10.86
Costs to cover: 0.134%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 3 min ago; Lighter: live order book, 13 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 Coinbase International live order book, 3 min ago	0.92 bp	6.1 bp −$6	7.8 bp −$78	doesn't fit	doesn't fit
Sell Lighter live order book, 13 min ago	0.54 bp	0.7 bp −$1	2.1 bp −$21	8.9 bp −$887	20.1 bp −$10.1K

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	−0.0318%	1h	4,348.4	−0.051%	$25K	$14K	20x	as long as short
Hotstuff GOLD-PERP	−0.0104%	1h	4,352	+0.032%	$33K	—	25x	as long as short
Aster XAUUSD1	0.0000%	4h	4,356.8	+0.141%	$69.7M	$281.3M	20x	as long as short
Gate XAU_USDT	0.0000%	4h	4,359.1	+0.194%	$263.2M	$406.8M	100x	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,353.1	+0.057%	$4.1M	$36.5M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,361.1	+0.242%	$93K	$9.7M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,352.5	+0.043%	$269K	—	250x	as long as short
Extended XAU-USD	+0.0032%	1h	4,352.3	+0.039%	$13.6M	$43.0M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.004%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,358.2	+0.175%	$3.8M	$4.7M	40x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest GC-PERP	+0.0046%	1h	4,389.1	+0.885%	—	$1.0M	25x	as long as short
Lighter XAUshort	+0.0048%	1h	4,356.3	+0.132%	$20.7M	$43.5M	25x
Lighter RH XAU	+0.0048%	1h	4,358.9	+0.190%	$20.1M	$40.8M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,354.5	+0.090%	$293.8M	$48.4M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,352.8	+0.050%	$15.0M	$57.5M	25x	as long as short
QFEX GOLD-USD	+0.0051%	1h	4,354.6	+0.092%	$5.6M	$1.9M	20x	as long as short
Polymarket Perps GOLD-USD	+0.0060%	1h	4,354.8	+0.097%	$4.3M	$1.9M	20x	as long as short
Variational Omni XAU	+0.0061%	4h	4,355.7	+0.117%	$48.3M	$28.4M	—	as long as short
Coinbase International GOLD-PERP-INTXlong	+0.0072%	1h	4,350.6	long leg	$2.0M	$5.0M	25x
MEXC XAU_USDT	+0.0080%	4h	4,357.1	+0.149%	$372.5M	$321.3M	1000x	as long as short
Binance XAUUSDT	+0.0082%	4h	4,357.2	+0.151%	$410.4M	$2.10B	100x	as long as short
Paradex XAU-USD-PERP	+0.0085%	8h	4,355	+0.101%	$19K	$5K	5x	as long as short
edgeX XAUUSDC	+0.0098%	4h	4,351.9	+0.030%	$30.3M	$60.4M	50x	as long as short
Pacifica XAU	+0.0100%	1h	4,351.7	+0.025%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,353.3	+0.063%	$275K	$204K	50x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,355.8	+0.120%	$161K	$87	10x	as long as short
Phoenix GOLD	+0.0121%	1h	4,354.7	+0.094%	$48K	$64K	25x	as long as short
RISEx XAU/USDC	+0.0135%	1h	4,355.2	+0.105%	$3.4M	$12.4M	25x	as long as short
GRVT XAU_USDT_Perp	+0.0138%	4h	4,358.7	+0.185%	$1.4M	$3.0M	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0140%	1h	4,355.2	+0.106%	$234K	$661K	25x	as long as short
Bitget XAUUSDT	+0.0144%	4h	4,357.8	+0.165%	$69.3M	$109.7M	100x	as long as short
Bullet GOLD-USD	+0.0156%	1h	4,355.5	+0.114%	$59K	$83K	10x	as long as short
Bybit XAUUSDT	+0.0183%	4h	4,358.4	+0.178%	$84.1M	$143.6M	150x	as long as short
OKX XAU-USDT-SWAP	+0.0224%	8h	4,359.3	+0.200%	$164.9M	$284.9M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0269%	1h	4,353.1	+0.058%	$594K	$141K	25x	as long as short
BloFin XAU-USDT	+0.0286%	4h	4,364.8	+0.326%	$15.5M	$4.6M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0394% / S −0.0199%	1h	4,355.5	+0.114%	$253K	—	111x	as long as short
Phemex XAUUSDT	+0.0411%	4h	4,360.9	+0.236%	$2.2M	$1.1M	100x	as long as short
HTX XAU-USDT	+0.0530%	4h	4,361	+0.239%	$2.9M	$3.9M	75x	as long as short