XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0054%/8h= +5.9% APRnext payment +$0.07 per $10,000 · paid last 24h +0.033%

Price spread now: Lighter RH against gTrade (Gains Network)+0.108%7-day average +0.130% · 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−$270as in the Price arb table

costs, in and out, $10k−$2682.681% of the position

Long on gTrade (Gains Network)Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.063%+$6 on $10k

Price spread, last 4 days (all we have)−0.058%−$6 · spread now +0.108%, 7d avg +0.130%

Together, before fees+0.005%+ Points / potential airdropLighter RH: Points live · farm board+$1 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter RH is 0.022% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread +0.108% now, against its 7-day average of +0.130%). If the spread goes back, that is −$2 on $10k: about 32 hours of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) XAU/USD	4,344.4	L +0.0002% / S −0.0003%	pay 0.0000% / 1h	2m 30s	$266K	—	250x
Short	Lighter RH XAU	4,349.1	0.0056	get 0.0007% / 1h	2m 30s	$20.1M	$39.9M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now +0.108%Rate

Funding earned: $11.27
Price spread: +0.108% → +0.130%: −$2.16
Slippage, 4 orders: −$261.15
Fee gTrade (Gains Network): 3.5 bp × 2 orders: −$7
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$259.03
Costs to cover: 2.681%
Break-even: 167.8 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 27 min ago; Lighter RH: live order book, 2 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), 27 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 RH live order book, 2 min ago	0.17 bp	0.9 bp −$1	1.6 bp −$16	3.9 bp −$387	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
SunX XAU-USDT	0.0000%	4h	4,352.3	+0.183%	$92K	$9.1M	20x	as long as short
gTrade (Gains Network) XAU/USDlong	L +0.0002% / S −0.0003%	1h	4,344.4	long leg	$266K	—	250x
Gate XAU_USDT	+0.0004%	4h	4,349.8	+0.125%	$264.5M	$418.3M	100x	as long as short
RISEx XAU/USDC	+0.0010%	1h	4,347.8	+0.079%	$3.4M	$12.3M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,343.7	−0.015%	$13.4M	$38.7M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.140%	$619	$54	52x	as long as short
Hotstuff GOLD-PERP	+0.0040%	1h	4,345	+0.015%	$33K	—	25x	as long as short
StandX XAU-USD	+0.0040%	1h	4,345.7	+0.031%	$3.8M	$4.6M	40x	as long as short
Aster XAUUSD1	+0.0041%	4h	4,348.3	+0.090%	$70.9M	$334.1M	20x	as long as short
Kalshi KXGOLDPERP	+0.0041%	24h	4,344.6	+0.006%	$4.1M	$37.1M	15x	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	4,380.6	+0.834%	—	$1.0M	25x	as long as short
QFEX GOLD-USD	+0.0046%	1h	4,347.3	+0.068%	$5.7M	$2.0M	20x	as long as short
Lighter XAU	+0.0048%	1h	4,346.2	+0.043%	$20.6M	$42.7M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0048%	1h	4,342.1	−0.052%	$2.0M	$4.9M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,345.2	+0.020%	$293.9M	$48.9M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,344.6	+0.005%	$15.1M	$56.8M	25x	as long as short
Lighter RH XAUshort	+0.0056%	1h	4,349.1	+0.108%	$20.1M	$39.9M	25x
Variational Omni XAU	+0.0057%	4h	4,346	+0.039%	$48.5M	$27.7M	—	as long as short
GRVT XAU_USDT_Perp	+0.0058%	4h	4,346.5	+0.050%	$1.4M	$3.0M	25x	as long as short
MEXC XAU_USDT	+0.0074%	4h	4,347.8	+0.080%	$371.2M	$320.8M	1000x	as long as short
edgeX XAUUSDC	+0.0075%	4h	4,342.6	−0.041%	$30.2M	$58.6M	50x	as long as short
Binance XAUUSDT	+0.0076%	4h	4,348	+0.083%	$411.1M	$2.10B	100x	as long as short
Paradex XAU-USD-PERP	+0.0079%	8h	4,347.7	+0.076%	$19K	$5K	5x	as long as short
Aevo XAU-PERP	+0.0096%	1h	4,346.5	+0.051%	$161K	$87	10x	as long as short
Pacifica XAU	+0.0100%	1h	4,344.1	−0.006%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,344.1	−0.006%	$274K	$203K	50x	as long as short
Polymarket Perps GOLD-USD	+0.0118%	1h	4,347.2	+0.066%	$4.3M	$1.9M	20x	as long as short
Phoenix GOLD	+0.0136%	1h	4,346	+0.038%	$47K	$77K	25x	as long as short
Bullet GOLD-USD	+0.0193%	1h	4,348.3	+0.090%	$60K	$83K	10x	as long as short
Phemex XAUUSDT	+0.0202%	4h	4,349.6	+0.122%	$2.2M	$1.1M	100x	as long as short
Bybit XAUUSDT	+0.0212%	4h	4,349.3	+0.115%	$84.3M	$145.4M	150x	as long as short
Bitget XAUUSDT	+0.0218%	4h	4,348.1	+0.087%	$70.2M	$109.4M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0256%	1h	4,347	+0.061%	$268K	$767K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0263%	8h	4,349.4	+0.116%	$165.4M	$283.3M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0270%	1h	4,345.2	+0.020%	$593K	$133K	25x	as long as short
BloFin XAU-USDT	+0.0302%	4h	4,347.9	+0.081%	$15.7M	$4.6M	100x	as long as short
Bluefin GOLD-PERP	+0.0365%	1h	4,342	−0.055%	$25K	$14K	20x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0406% / S −0.0221%	1h	4,348.3	+0.090%	$248K	—	111x	as long as short
HTX XAU-USDT	+0.0594%	4h	4,352.4	+0.186%	$2.9M	$4.2M	75x	as long as short