Funding you earn now, next payment 22:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h +0.016%
Price spread now: Aster against Lighter+0.091%7-day average +0.052% · you sell dearer than you buy
Net, funding: paid 7d − costs−$12as in the Funding arb table
Net, price: spread back to 7d avg − costs−$7as in the Price arb table
costs, in and out, $10k−$110.106% of the position
Funding, last 7 days−0.017%−$2 on $10k
+Price spread, last 7 days−0.068%−$7 · spread now +0.091%, 7d avg +0.052%
=Together, before fees−0.085%+ Points / potential airdropLighter: Season 3 · Aster: Stage 5 · farm board−$9 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Aster is 0.039% dearer against Lighter than usual: you sell high and buy low (spread +0.091% now, against its 7-day average of +0.052%): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.1 days. At the pace of the last 7 days (−0.017% in total) that is about 16 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter XAU | 4,340.9 | 0.0032 | pay 0.0004% / 1h | 9m 27s | $20.7M | $46.8M | 25x |
| Short | Aster XAUUSD1 | 4,344.9 | 0 | get 0.0000% / 4h | 2h 09m | $71.1M | $241.0M | 20x |
Lighter XAU
Aster XAUUSD1Funding history
latest
Range statsloading…
Price spread between the two exchanges
Aster 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
- −$6.72
- Price spread: +0.091% → +0.052%
- $3.95
- Slippage, 4 orders
- −$2.63
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$13.4
- Costs to cover
- 0.106%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 9 min ago; Aster: live order book, 5 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, 9 min ago | 0.28 bp | 1.2 bp −$1 | 4.5 bp −$45 | 14.1 bp −$1,414 | 32.5 bp −$16.2K |
| Sell Aster live order book, 5 min ago | 0.01 bp | 4.0 bp −$4 | 4.0 bp −$40 | 20.7 bp −$2,074 | doesn't fit |
XAU on 38 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 | −0.0421% | 1h | 4,334.7 | −0.143% | $26K | $21K | 20x | as long as short |
| Aster XAUUSD1short | 0.0000% | 4h | 4,344.9 | +0.091% | $71.1M | $241.0M | 20x | |
| Bybit XAUUSDT | 0.0000% | 4h | 4,342.3 | +0.031% | $82.6M | $144.9M | 150x | as long as short |
| Gate XAU_USDT | 0.0000% | 4h | 4,343.4 | +0.058% | $273.2M | $413.5M | 100x | as long as short |
| Bitget XAUUSDT | 0.0000% | 4h | 4,342.5 | +0.037% | $67.1M | $114.0M | 100x | as long as short |
| GRVT XAU_USDT_Perp | 0.0000% | 4h | 4,342.3 | +0.032% | $1.4M | $3.3M | 25x | as long as short |
| Kalshi KXGOLDPERP | 0.0000% | 24h | 4,341.4 | +0.012% | $3.9M | $34.1M | 15x | as long as short |
| Bullet GOLD-USD | 0.0000% | 1h | 4,342.2 | +0.030% | $58K | $84K | 10x | as long as short |
| SunX XAU-USDT | 0.0000% | 4h | 4,346.3 | +0.124% | $92K | $10.9M | 20x | as long as short |
| Binance XAUUSDT | +0.0006% | 4h | 4,342.1 | +0.028% | $415.5M | $2.12B | 100x | as long as short |
Bluefin GOLD-PERP
Bybit XAUUSDT
Gate XAU_USDT
Bitget XAUUSDT
GRVT XAU_USDT_Perp
Kalshi KXGOLDPERP
Bullet GOLD-USD
SunX XAU-USDT
Binance XAUUSDTShow all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC XAU_USDT | +0.0010% | 4h | 4,341.9 | +0.022% | $373.2M | $350.3M | 1000x | as long as short |
| Variational Omni XAU | +0.0016% | 4h | 4,342 | +0.026% | $47.8M | $34.0M | — | as long as short |
| HTX XAU-USDT | +0.0027% | 4h | 4,346.2 | +0.122% | $2.8M | $3.8M | 75x | as long as short |
| Lighter XAUlong | +0.0032% | 1h | 4,340.9 | long leg | $20.7M | $46.8M | 25x | |
| Lighter RH XAU | +0.0032% | 1h | 4,343.8 | +0.066% | $20.2M | $45.1M | 25x | as long as short |
| Extended XAU-USD | +0.0032% | 1h | 4,343.8 | +0.068% | $13.2M | $50.9M | 25x | as long as short |
| Injective XAU/USDC PERP | +0.0033% | 1h | 4,350.4 | +0.219% | $619 | $54 | 52x | as long as short |
| StandX XAU-USD | +0.0040% | 1h | 4,343.6 | +0.062% | $3.8M | $4.7M | 40x | as long as short |
| edgeX XAUUSDC | +0.0045% | 4h | 4,338.3 | −0.059% | $30.2M | $58.0M | 50x | as long as short |
| Vest GC-PERP | +0.0046% | 1h | 4,382.1 | +0.949% | — | $995K | 25x | as long as short |
| tradeXYZ xyz:GOLD | +0.0050% | 1h | 4,339.5 | −0.032% | $293.1M | $52.6M | 25x | as long as short |
| Polymarket Perps GOLD-USD | +0.0050% | 1h | 4,341.6 | +0.016% | $4.3M | $2.3M | 20x | as long as short |
| Ondo Perps XAU-USD.P | +0.0050% | 1h | 4,341.1 | +0.004% | $14.5M | $54.5M | 25x | as long as short |
| Paradex XAU-USD-PERP | +0.0051% | 8h | 4,342.5 | +0.037% | $19K | $6K | 5x | as long as short |
| QFEX GOLD-USD | +0.0052% | 1h | 4,342.5 | +0.037% | $5.5M | $1.9M | 20x | as long as short |
| Coinbase International GOLD-PERP-INTX | +0.0072% | 1h | 4,338.1 | −0.065% | $2.0M | $5.2M | 25x | as long as short |
| BloFin XAU-USDT | +0.0086% | 4h | 4,342.2 | +0.029% | $14.8M | $4.3M | 100x | as long as short |
| Aevo XAU-PERP | +0.0088% | 1h | 4,341.8 | +0.021% | $161K | $87 | 10x | as long as short |
| Pacifica XAU | +0.0100% | 1h | 4,341.5 | +0.014% | $1.4M | $1.3M | 10x | as long as short |
| ApeX Omni XAUUSDT | +0.0100% | 1h | 4,340.4 | −0.012% | $272K | $204K | 50x | as long as short |
| Phoenix GOLD | +0.0109% | 1h | 4,343.5 | +0.060% | $47K | $69K | 25x | as long as short |
| Hotstuff GOLD-PERP | +0.0168% | 1h | 4,339.5 | −0.032% | $33K | — | 25x | as long as short |
| RISEx XAU/USDC | +0.0190% | 1h | 4,342.1 | +0.027% | $3.4M | $12.6M | 25x | as long as short |
| OKX XAU-USDT-SWAP | +0.0198% | 8h | 4,342.8 | +0.044% | $157.9M | $275.0M | 100x | as long as short |
| Kraken Futures PF_XAUUSD | +0.0333% | 1h | 4,338.9 | −0.046% | $598K | $140K | 25x | as long as short |
| Phemex XAUUSDT | +0.0417% | 4h | 4,345.8 | +0.112% | $2.2M | $1.1M | 100x | as long as short |
| GMX GOLD/USD [ETH-USDC] | L +0.0495% / S −0.0311% | 1h | 4,342.1 | +0.029% | $251K | — | 29x | as long as short |
| Deribit GOLD_USDC-PERPETUAL | +0.0903% | 1h | 4,340.9 | 0.000% | $221K | $884K | 25x | as long as short |
MEXC XAU_USDT
Variational Omni XAU
HTX XAU-USDT
Lighter RH XAU
Extended XAU-USD
Injective XAU/USDC PERP
StandX XAU-USD
edgeX XAUUSDC
Vest GC-PERP
tradeXYZ xyz:GOLD
Polymarket Perps GOLD-USD
Ondo Perps XAU-USD.P
Paradex XAU-USD-PERP
QFEX GOLD-USD
Coinbase International GOLD-PERP-INTX
BloFin XAU-USDT
Aevo XAU-PERP
Pacifica XAU
ApeX Omni XAUUSDT
Phoenix GOLD
Hotstuff GOLD-PERP
RISEx XAU/USDC
OKX XAU-USDT-SWAP
Kraken Futures PF_XAUUSD
Phemex XAUUSDT
GMX GOLD/USD [ETH-USDC]
Deribit GOLD_USDC-PERPETUAL