Funding you earn now, next payment 07:00 UTC+0.0044%/8h= +4.8% APRnext payment +$0.06 per $10,000 · paid last 24h +0.009%
Price spread now: ApeX Omni against Lighter−0.052%48s7-day average +0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs−$32as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$350.352% of the position
Funding, last 7 days+0.036%+$4 on $10k
+Price spread, last 4 days (all we have)+0.009%+$1 · spread now −0.052%, 7d avg +0.001%
=Together, before fees+0.045%+ Points / potential airdropLighter: Season 3 · farm board+$4 on $10k · with fees, hour by hour
Funding pays, the price is against you. ApeX Omni is 0.053% cheaper against Lighter than usual: you would sell low and buy high (spread −0.052% now, against its 7-day average of +0.001%). If the spread goes back, that is −$5 on $10k: about 4.0 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.036% in total) that is about 10 days. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter XAU | 4,322.6 | 0.0056 | pay 0.0007% / 1h | 40m 47s | $20.3M | $30.4M | 25x |
| Short | ApeX Omni XAUUSDT | 4,320.4 | 0.0100 | get 0.0013% / 1h | 40m 47s | $272K | $208K | 50x |
Lighter XAU
ApeX Omni XAUUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Lighter. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $9.24
- Price spread: −0.052% → +0.001%
- −$5.29
- Slippage, 4 orders
- −$25.17
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$31.22
- Costs to cover
- 0.352%
- Break-even
- 30.7 days
Slippage from Lighter: live order book, 8 min ago; ApeX Omni: live order book, 66 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 Lighter live order book, 8 min ago | 0.53 bp | 1.0 bp −$1 | 1.9 bp −$19 | 7.4 bp −$737 | 19.5 bp −$9,731 |
| Sell ApeX Omni live order book, 66 min ago | 4.63 bp | 13.4 bp −$13 | 26.0 bp −$260 | 42.6 bp −$4,264 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bluefin GOLD-PERP | −0.0116% | 1h | 4,317.3 | −0.122% | $25K | $14K | 20x | as long as short |
| SunX XAU-USDT | 0.0000% | 4h | 4,327.4 | +0.111% | $92K | $7.9M | 20x | as long as short |
| gTrade (Gains Network) XAU/USD | L +0.0002% / S −0.0003% | 1h | 4,320.1 | −0.059% | $270K | — | 250x | as long as short |
| Bybit XAUUSDT | +0.0007% | 4h | 4,323.7 | +0.025% | $77.3M | $156.0M | 150x | as long as short |
| Extended XAU-USD | +0.0032% | 1h | 4,319.3 | −0.077% | $13.2M | $36.7M | 25x | as long as short |
| Injective XAU/USDC PERP | +0.0033% | 1h | 4,350.4 | +0.643% | $619 | $54 | 52x | as long as short |
| StandX XAU-USD | +0.0040% | 1h | 4,325.2 | +0.060% | $3.8M | $4.5M | 40x | as long as short |
| QFEX GOLD-USD | +0.0042% | 1h | 4,322.3 | −0.007% | $5.4M | $2.1M | 20x | as long as short |
| Vest GC-PERP | +0.0046% | 1h | 4,356 | +0.772% | — | $1.0M | 25x | as long as short |
| tradeXYZ xyz:GOLD | +0.0050% | 1h | 4,320.1 | −0.058% | $291.5M | $51.7M | 25x | as long as short |
Bluefin GOLD-PERP
SunX XAU-USDT
gTrade (Gains Network) XAU/USD
Bybit XAUUSDT
Extended XAU-USD
Injective XAU/USDC PERP
StandX XAU-USD
QFEX GOLD-USD
Vest GC-PERP
tradeXYZ xyz:GOLDShow all 39 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps XAU-USD.P | +0.0050% | 1h | 4,319.5 | −0.071% | $15.0M | $55.6M | 25x | as long as short |
| Lighter XAUlong | +0.0056% | 1h | 4,322.6 | long leg | $20.3M | $30.4M | 25x | |
| Hotstuff GOLD-PERP | +0.0072% | 1h | 4,320.2 | −0.056% | $32K | — | 25x | as long as short |
| Coinbase International GOLD-PERP-INTX | +0.0072% | 1h | 4,320 | −0.060% | $2.1M | $4.9M | 25x | as long as short |
| Kalshi KXGOLDPERP | +0.0072% | 24h | 4,325 | +0.055% | $3.8M | $43.4M | 15x | as long as short |
| Aster XAUUSD1 | +0.0073% | 4h | 4,324.7 | +0.047% | $72.5M | $298.7M | 20x | as long as short |
| Paradex XAU-USD-PERP | +0.0073% | 8h | 4,323.5 | +0.021% | $19K | $5K | 5x | as long as short |
| GRVT XAU_USDT_Perp | +0.0082% | 4h | 4,323.4 | +0.019% | $1.4M | $3.0M | 25x | as long as short |
| Gate XAU_USDT | +0.0088% | 4h | 4,324.8 | +0.050% | $281.8M | $413.6M | 100x | as long as short |
| Variational Omni XAU | +0.0093% | 4h | 4,322.9 | +0.006% | $47.4M | $29.0M | — | as long as short |
| Lighter RH XAU | +0.0096% | 1h | 4,325.2 | +0.060% | $19.8M | $38.5M | 25x | as long as short |
| MEXC XAU_USDT | +0.0098% | 4h | 4,323 | +0.008% | $362.5M | $328.6M | 1000x | as long as short |
| Binance XAUUSDT | +0.0099% | 4h | 4,322.8 | +0.005% | $415.6M | $2.14B | 100x | as long as short |
| Phoenix GOLD | +0.0100% | 1h | 4,321 | −0.037% | $47K | $79K | 25x | as long as short |
| Pacifica XAU | +0.0100% | 1h | 4,319.7 | −0.068% | $1.4M | $1.2M | 10x | as long as short |
| ApeX Omni XAUUSDTshort | +0.0100% | 1h | 4,320.4 | −0.052% | $272K | $208K | 50x | |
| Aevo XAU-PERP | +0.0104% | 1h | 4,322.4 | −0.005% | $160K | $87 | 10x | as long as short |
| edgeX XAUUSDC | +0.0110% | 4h | 4,318.5 | −0.096% | $30.0M | $61.4M | 50x | as long as short |
| Kraken Futures PF_XAUUSD | +0.0153% | 1h | 4,320.3 | −0.053% | $584K | $134K | 25x | as long as short |
| Bullet GOLD-USD | +0.0181% | 1h | 4,323.5 | +0.021% | $59K | $82K | 10x | as long as short |
| RISEx XAU/USDC | +0.0184% | 1h | 4,325.9 | +0.075% | $4.2M | $12.8M | 25x | as long as short |
| Polymarket Perps GOLD-USD | +0.0209% | 1h | 4,323.8 | +0.028% | $4.3M | $1.9M | 20x | as long as short |
| HTX XAU-USDT | +0.0220% | 4h | 4,327.2 | +0.106% | $2.8M | $4.9M | 75x | as long as short |
| Bitget XAUUSDT | +0.0232% | 4h | 4,322.9 | +0.006% | $68.0M | $119.0M | 100x | as long as short |
| Deribit GOLD_USDC-PERPETUAL | +0.0282% | 1h | 4,322.7 | +0.002% | $192K | $832K | 25x | as long as short |
| OKX XAU-USDT-SWAP | +0.0312% | 8h | 4,323.7 | +0.025% | $170.6M | $297.5M | 100x | as long as short |
| BloFin XAU-USDT | +0.0339% | 4h | 4,323.3 | +0.016% | $16.1M | $4.6M | 100x | as long as short |
| Phemex XAUUSDT | +0.0375% | 4h | 4,326.2 | +0.084% | $2.2M | $967K | 100x | as long as short |
| GMX GOLD/USD [ETH-USDC] | L +0.0463% / S −0.0307% | 1h | 4,323.6 | +0.024% | $252K | — | 111x | as long as short |
Ondo Perps XAU-USD.P
Hotstuff GOLD-PERP
Coinbase International GOLD-PERP-INTX
Kalshi KXGOLDPERP
Aster XAUUSD1
Paradex XAU-USD-PERP
GRVT XAU_USDT_Perp
Gate XAU_USDT
Variational Omni XAU
Lighter RH XAU
MEXC XAU_USDT
Binance XAUUSDT
Phoenix GOLD
Pacifica XAU
Aevo XAU-PERP
edgeX XAUUSDC
Kraken Futures PF_XAUUSD
Bullet GOLD-USD
RISEx XAU/USDC
Polymarket Perps GOLD-USD
HTX XAU-USDT
Bitget XAUUSDT
Deribit GOLD_USDC-PERPETUAL
OKX XAU-USDT-SWAP
BloFin XAU-USDT
Phemex XAUUSDT
GMX GOLD/USD [ETH-USDC]