XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0348%/8h= −38.1% APRnext payment −$0.43 per $10,000 · paid last 24h −0.081%

Price spread now: Lighter against GMX−0.056%7-day average −0.051% · you buy dearer than you sell

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

Long on GMX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.301%−$30 on $10k

Price spread, last 4 days (all we have)−0.030%−$3 · spread now −0.056%, 7d avg −0.051%

Together, before fees−0.331%+ Points / potential airdropLighter: Season 3 · farm board−$33 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.051%, so right now this pair is about funding alone: −$10 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX GOLD/USD [ETH-USDC]	4,355.8	L +0.0404% / S −0.0215%	pay 0.0050% / 1h	29m 34s	$251K	—	111x
Short	Lighter XAU	4,353.4	0.0056	get 0.0007% / 1h	29m 34s	$20.6M	$42.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against GMX. 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 GMXbpFee LighterbpOrdersPrice spread, now −0.056%Rate

Funding earned: −$72.99
Price spread: −0.056% → −0.051%: −$0.48
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$85.47
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Lighter: live order book, 4 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 GMX no order-book sample	—	—	—	—	—
Sell Lighter live order book, 4 min ago	0.68 bp	0.7 bp −$1	2.1 bp −$21	9.1 bp −$910	21.2 bp −$10.6K

GMX: 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
SunX XAU-USDT	0.0000%	4h	4,359.8	+0.091%	$93K	$9.3M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,351.9	−0.091%	$267K	—	250x	as long as short
Gate XAU_USDT	+0.0006%	4h	4,354.3	−0.036%	$265.1M	$411.3M	100x	as long as short
RISEx XAU/USDC	+0.0010%	1h	4,353.2	−0.061%	$3.4M	$12.4M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,350.1	−0.131%	$13.6M	$39.3M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.124%	$619	$54	52x	as long as short
Kalshi KXGOLDPERP	+0.0038%	24h	4,353.2	−0.060%	$4.1M	$36.9M	15x	as long as short
StandX XAU-USD	+0.0040%	1h	4,354.5	−0.030%	$3.8M	$4.6M	40x	as long as short
Aster XAUUSD1	+0.0043%	4h	4,354.7	−0.026%	$70.5M	$333.6M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,388.5	+0.750%	—	$1.0M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX GOLD-USD	+0.0046%	1h	4,351.6	−0.097%	$5.6M	$1.9M	20x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0048%	1h	4,350.6	−0.120%	$2.0M	$4.9M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,351.9	−0.090%	$294.0M	$48.7M	25x	as long as short
GRVT XAU_USDT_Perp	+0.0050%	4h	4,354.7	−0.025%	$1.4M	$3.0M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,349.6	−0.144%	$15.1M	$57.4M	25x	as long as short
Lighter XAUshort	+0.0056%	1h	4,353.4	−0.056%	$20.6M	$42.2M	25x
Variational Omni XAU	+0.0057%	4h	4,353	−0.066%	$48.3M	$27.8M	—	as long as short
Lighter RH XAU	+0.0072%	1h	4,355.3	−0.012%	$20.1M	$39.7M	25x	as long as short
MEXC XAU_USDT	+0.0074%	4h	4,354.2	−0.038%	$372.7M	$318.3M	1000x	as long as short
Binance XAUUSDT	+0.0074%	4h	4,353.9	−0.045%	$412.8M	$2.09B	100x	as long as short
Paradex XAU-USD-PERP	+0.0082%	8h	4,353.7	−0.049%	$19K	$5K	5x	as long as short
edgeX XAUUSDC	+0.0092%	4h	4,347.3	−0.196%	$30.3M	$58.9M	50x	as long as short
Aevo XAU-PERP	+0.0096%	1h	4,354.4	−0.032%	$161K	$87	10x	as long as short
Pacifica XAU	+0.0100%	1h	4,351.4	−0.102%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,351	−0.111%	$275K	$202K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,348	−0.180%	$25K	$14K	20x	as long as short
Polymarket Perps GOLD-USD	+0.0130%	1h	4,355.2	−0.014%	$4.3M	$1.9M	20x	as long as short
Phoenix GOLD	+0.0136%	1h	4,350.1	−0.131%	$47K	$77K	25x	as long as short
Phemex XAUUSDT	+0.0140%	4h	4,356	+0.003%	$2.2M	$1.1M	100x	as long as short
Hotstuff GOLD-PERP	+0.0176%	1h	4,350.9	−0.113%	$33K	—	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0187%	1h	4,354.2	−0.037%	$258K	$706K	25x	as long as short
Bybit XAUUSDT	+0.0196%	4h	4,355.2	−0.015%	$84.5M	$145.4M	150x	as long as short
Bitget XAUUSDT	+0.0212%	4h	4,353.6	−0.051%	$70.2M	$109.5M	100x	as long as short
Bullet GOLD-USD	+0.0215%	1h	4,355.8	0.000%	$59K	$83K	10x	as long as short
OKX XAU-USDT-SWAP	+0.0253%	8h	4,355.2	−0.014%	$164.9M	$281.8M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0269%	1h	4,352.7	−0.073%	$594K	$133K	25x	as long as short
BloFin XAU-USDT	+0.0295%	4h	4,354.1	−0.041%	$15.5M	$4.6M	100x	as long as short
GMX GOLD/USD [ETH-USDC]long	L +0.0404% / S −0.0215%	1h	4,355.8	long leg	$251K	—	111x
HTX XAU-USDT	+0.0564%	4h	4,360.3	+0.103%	$2.9M	$4.2M	75x	as long as short