XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0030%/8h= +3.3% APRnext payment +$0.04 per $10,000 · paid last 24h +0.023%

Price spread now: Lighter against gTrade (Gains Network)+0.074%7-day average +0.071% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$268as in the Price arb table

costs, in and out, $10k−$2682.683% of the position

Long on gTrade (Gains Network)Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.047%+$5 on $10k

Price spread, last 3 days (all we have)−0.056%−$6 · spread now +0.074%, 7d avg +0.071%

Together, before fees−0.008%+ Points / potential airdropLighter: Season 3 · farm board−$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.071%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) XAU/USD	4,362.6	L +0.0002% / S −0.0003%	pay 0.0000% / 1h	41m 16s	$268K	—	250x
Short	Lighter XAU	4,365.8	0.0032	get 0.0004% / 1h	41m 16s	$20.8M	$44.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee LighterbpOrdersPrice spread, now +0.074%Rate

Funding earned: $6.24
Price spread: +0.074% → +0.071%: $0.28
Slippage, 4 orders: −$261.33
Fee gTrade (Gains Network): 3.5 bp × 2 orders: −$7
Fee Lighter: 0 bp × 2 orders: $0
Net: −$261.81
Costs to cover: 2.683%
Break-even: 300.5 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 3 min ago; Lighter: live order book, 8 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 gTrade (Gains Network) virtual book (oracle venue), 3 min ago	130.01 bp	133.5 bp −$134	196.7 bp −$1,967	1352.9 bp −$135.3K	5907.8 bp −$2.95M
Sell Lighter live order book, 8 min ago	0.51 bp	0.5 bp −$1	2.0 bp −$20	9.8 bp −$977	23.3 bp −$11.6K

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	−0.0290%	1h	4,360.6	−0.044%	$26K	$21K	20x	as long as short
Phoenix GOLD	−0.0004%	1h	4,363.3	+0.017%	$48K	$65K	25x	as long as short
Aster XAUUSD1	0.0000%	4h	4,366.8	+0.098%	$71.6M	$228.0M	20x	as long as short
Binance XAUUSDT	0.0000%	4h	4,366.6	+0.092%	$408.0M	$2.11B	100x	as long as short
Bybit XAUUSDT	0.0000%	4h	4,367.1	+0.103%	$82.6M	$141.6M	150x	as long as short
RISEx XAU/USDC	0.0000%	1h	4,365.9	+0.077%	$3.4M	$12.4M	25x	as long as short
Gate XAU_USDT	0.0000%	4h	4,367	+0.102%	$268.1M	$408.0M	100x	as long as short
MEXC XAU_USDT	0.0000%	4h	4,366.7	+0.096%	$377.3M	$321.4M	1000x	as long as short
Bitget XAUUSDT	0.0000%	4h	4,366.4	+0.087%	$67.0M	$111.2M	100x	as long as short
Variational Omni XAU	0.0000%	4h	4,365.9	+0.076%	$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	4,367.2	+0.106%	$1.4M	$3.1M	25x	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,363.6	+0.024%	$4.0M	$35.3M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,371.2	+0.199%	$93K	$10.6M	20x	as long as short
gTrade (Gains Network) XAU/USDlong	L +0.0002% / S −0.0003%	1h	4,362.6	long leg	$268K	—	250x
edgeX XAUUSDC	+0.0019%	4h	4,360.5	−0.047%	$30.3M	$58.3M	50x	as long as short
QFEX GOLD-USD	+0.0032%	1h	4,365.7	+0.072%	$5.6M	$1.7M	20x	as long as short
Lighter XAUshort	+0.0032%	1h	4,365.8	+0.074%	$20.8M	$44.4M	25x
Lighter RH XAU	+0.0032%	1h	4,368.1	+0.127%	$20.3M	$41.6M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,362.9	+0.008%	$13.0M	$46.4M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.278%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,366.3	+0.086%	$3.8M	$4.7M	40x	as long as short
Bullet GOLD-USD	+0.0041%	1h	4,366.3	+0.086%	$60K	$81K	10x	as long as short
Vest GC-PERP	+0.0046%	1h	4,400.8	+0.877%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,362.7	+0.003%	$293.7M	$52.3M	25x	as long as short
Paradex XAU-USD-PERP	+0.0050%	8h	4,365.9	+0.078%	$19K	$6K	5x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,362.8	+0.005%	$14.5M	$56.1M	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0071%	1h	4,365	+0.056%	$235K	$735K	25x	as long as short
Polymarket Perps GOLD-USD	+0.0075%	1h	4,366	+0.079%	$4.3M	$1.8M	20x	as long as short
Aevo XAU-PERP	+0.0080%	1h	4,365.5	+0.067%	$162K	$87	10x	as long as short
Hotstuff GOLD-PERP	+0.0096%	1h	4,363.1	+0.012%	$33K	—	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,363.3	+0.017%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,361.3	−0.028%	$277K	$204K	50x	as long as short
HTX XAU-USDT	+0.0139%	4h	4,369.8	+0.167%	$2.8M	$3.8M	75x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0152%	1h	4,364	+0.033%	$2.0M	$5.1M	25x	as long as short
OKX XAU-USDT-SWAP	+0.0154%	8h	4,367.2	+0.106%	$157.9M	$271.3M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0220%	1h	4,363.8	+0.030%	$602K	$138K	25x	as long as short
BloFin XAU-USDT	+0.0240%	4h	4,366.9	+0.099%	$14.7M	$4.4M	100x	as long as short
Phemex XAUUSDT	+0.0307%	4h	4,369.9	+0.169%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0388% / S −0.0197%	1h	4,366.3	+0.086%	$252K	—	111x	as long as short