XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0056%/8h= +6.1% APRnext payment +$0.07 per $10,000 · paid last 24h +0.010%

Price spread now: Lighter against Hotstuff+0.125%7-day average — · you sell dearer than you buy

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

Long on Hotstuff Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

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

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Lighter is 0.125% dearer against Hotstuff than usual: you sell high and buy low: +$12 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	Hotstuff GOLD-PERP	4,361	−0.0016	get 0.0002% / 1h	21m 24s	$33K	—	25x
Short	Lighter XAU	4,366.4	0.0040	get 0.0005% / 1h	21m 24s	$20.7M	$44.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Hotstuff. 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 HotstuffbpFee LighterbpOrdersPrice spread, now +0.125%Rate

Funding earned: $11.76
Price spread: +0.125% → 0.000%: $12.47
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Lighter: 0 bp × 2 orders: $0
Net: $19.23
Costs to cover: 0.050%
Break-even: from the start

Slippage unknown: Hotstuff: 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 Hotstuff no order-book sample	—	—	—	—	—
Sell Lighter live order book, 7 min ago	0.50 bp	0.5 bp −$1	1.7 bp −$17	8.9 bp −$895	20.6 bp −$10.3K

Hotstuff: 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-PERP	−0.0210%	1h	4,360.8	−0.005%	$26K	$22K	20x	as long as short
Hotstuff GOLD-PERPlong	−0.0016%	1h	4,361	long leg	$33K	—	25x
Phoenix GOLD	−0.0004%	1h	4,360.3	−0.016%	$48K	$65K	25x	as long as short
Aster XAUUSD1	0.0000%	4h	4,368.6	+0.173%	$71.7M	$225.3M	20x	as long as short
Binance XAUUSDT	0.0000%	4h	4,366.8	+0.132%	$407.1M	$2.13B	100x	as long as short
Bybit XAUUSDT	0.0000%	4h	4,366.8	+0.132%	$82.6M	$142.2M	150x	as long as short
RISEx XAU/USDC	0.0000%	1h	4,368.4	+0.170%	$3.4M	$12.3M	25x	as long as short
Gate XAU_USDT	0.0000%	4h	4,368.5	+0.172%	$269.0M	$414.2M	100x	as long as short
MEXC XAU_USDT	0.0000%	4h	4,366.3	+0.121%	$376.4M	$323.1M	1000x	as long as short
Bitget XAUUSDT	0.0000%	4h	4,366.5	+0.127%	$69.6M	$113.4M	100x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni XAU	0.0000%	4h	4,362.9	+0.042%	$48.4M	$30.2M	—	as long as short
GRVT XAU_USDT_Perp	0.0000%	4h	4,364.9	+0.089%	$1.4M	$3.1M	25x	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,365.8	+0.110%	$4.1M	$36.0M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,373.2	+0.280%	$93K	$10.6M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,364.9	+0.089%	$268K	—	250x	as long as short
edgeX XAUUSDC	+0.0008%	4h	4,359.1	−0.044%	$30.3M	$58.8M	50x	as long as short
QFEX GOLD-USD	+0.0032%	1h	4,366.3	+0.122%	$5.4M	$1.9M	20x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.243%	$619	$54	52x	as long as short
Lighter XAUshort	+0.0040%	1h	4,366.4	+0.125%	$20.7M	$44.7M	25x
Extended XAU-USD	+0.0040%	1h	4,364	+0.068%	$13.1M	$45.5M	25x	as long as short
StandX XAU-USD	+0.0040%	1h	4,365.5	+0.103%	$3.8M	$4.7M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,401.1	+0.920%	—	$1.0M	25x	as long as short
Lighter RH XAU	+0.0048%	1h	4,369.2	+0.188%	$20.3M	$42.1M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,363.2	+0.050%	$293.7M	$52.3M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,364.7	+0.084%	$14.6M	$56.8M	25x	as long as short
Paradex XAU-USD-PERP	+0.0053%	8h	4,367.4	+0.147%	$19K	$5K	5x	as long as short
Aevo XAU-PERP	+0.0080%	1h	4,367.7	+0.153%	$162K	$87	10x	as long as short
Polymarket Perps GOLD-USD	+0.0097%	1h	4,365.7	+0.108%	$4.3M	$1.8M	20x	as long as short
Bullet GOLD-USD	+0.0099%	1h	4,367.1	+0.139%	$59K	$81K	10x	as long as short
Pacifica XAU	+0.0100%	1h	4,365.6	+0.105%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,362.3	+0.029%	$277K	$204K	50x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0152%	1h	4,361.7	+0.016%	$2.0M	$5.1M	25x	as long as short
OKX XAU-USDT-SWAP	+0.0159%	8h	4,368.3	+0.167%	$158.9M	$273.9M	100x	as long as short
HTX XAU-USDT	+0.0167%	4h	4,371.5	+0.241%	$2.8M	$3.7M	75x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0185%	1h	4,367.2	+0.142%	$235K	$736K	25x	as long as short
Kraken Futures PF_XAUUSD	+0.0220%	1h	4,365.5	+0.104%	$602K	$136K	25x	as long as short
BloFin XAU-USDT	+0.0240%	4h	4,364.7	+0.086%	$14.8M	$4.5M	100x	as long as short
Phemex XAUUSDT	+0.0330%	4h	4,368.7	+0.177%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0389% / S −0.0197%	1h	4,368.9	+0.180%	$252K	—	111x	as long as short