Funding you earn now, next payment 08:00 UTC−0.0024%/8h= −2.6% APRnext payment −$0.03 per $10,000 · paid last 24h +0.004%
Price spread now: Coinbase International against Lighter−0.181%7-day average −0.056% · you buy dearer than you sell
Net, funding: paid 7d − costs+$25as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$130.135% of the position
Funding, last 7 days+0.380%+$38 on $10k
+Price spread, last 4 days (all we have)+0.231%+$23 · spread now −0.181%, 7d avg −0.056%
=Together, before fees+0.611%+ Points / potential airdropLighter: Season 3 · farm board+$61 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Coinbase International is 0.125% cheaper against Lighter than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.056%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.380%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter XAU | 4,308.7 | 0.0080 | pay 0.0010% / 1h | 21m 56s | $20.2M | $29.6M | 25x |
| Short | Coinbase International GOLD-PERP-INTX | 4,300.9 | 0.0056 | get 0.0007% / 1h | 21m 56s | $2.0M | $5.1M | 25x |
Lighter XAU
Coinbase International GOLD-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- −$5.04
- Price spread: −0.181% → −0.056%
- −$12.48
- Slippage, 4 orders
- −$3.46
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$30.98
- Costs to cover
- 0.135%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 7 min ago; Coinbase International: 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 Lighter live order book, 7 min ago | 0.44 bp | 0.4 bp $0 | 1.4 bp −$14 | 8.7 bp −$870 | 19.9 bp −$9,969 |
| Sell Coinbase International live order book, 2 min ago | 0.81 bp | 5.8 bp −$6 | 7.6 bp −$76 | doesn't fit | 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 | 4,313.5 | +0.112% | $92K | $6.7M | 20x | as long as short |
| gTrade (Gains Network) XAU/USD | L +0.0002% / S −0.0003% | 1h | 4,305.5 | −0.073% | $273K | — | 250x | as long as short |
| Injective XAU/USDC PERP | +0.0033% | 1h | 4,350.4 | +0.969% | $619 | $54 | 52x | as long as short |
| Vest GC-PERP | +0.0046% | 1h | 4,340.1 | +0.729% | — | $1.0M | 25x | as long as short |
| QFEX GOLD-USD | +0.0046% | 1h | 4,308.3 | −0.009% | $6.6M | $3.1M | 20x | as long as short |
| tradeXYZ xyz:GOLD | +0.0050% | 1h | 4,306 | −0.062% | $290.8M | $54.5M | 25x | as long as short |
| Polymarket Perps GOLD-USD | +0.0050% | 1h | 4,305.5 | −0.074% | $4.3M | $1.8M | 20x | as long as short |
| Ondo Perps XAU-USD.P | +0.0050% | 1h | 4,305.1 | −0.084% | $15.0M | $55.9M | 25x | as long as short |
| Coinbase International GOLD-PERP-INTXshort | +0.0056% | 1h | 4,300.9 | −0.181% | $2.0M | $5.1M | 25x | |
| Aster XAUUSD1 | +0.0058% | 4h | 4,309.7 | +0.023% | $73.5M | $271.5M | 20x | as long as short |
SunX XAU-USDT
gTrade (Gains Network) XAU/USD
Injective XAU/USDC PERP
Vest GC-PERP
QFEX GOLD-USD
tradeXYZ xyz:GOLD
Polymarket Perps GOLD-USD
Ondo Perps XAU-USD.P
Aster XAUUSD1Show all 39 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| StandX XAU-USD | +0.0058% | 1h | 4,302.9 | −0.134% | $3.8M | $4.5M | 40x | as long as short |
| Paradex XAU-USD-PERP | +0.0061% | 8h | 4,308.9 | +0.006% | $2K | $13K | 5x | as long as short |
| Lighter XAUlong | +0.0080% | 1h | 4,308.7 | long leg | $20.2M | $29.6M | 25x | |
| Phoenix GOLD | +0.0095% | 1h | 4,298.2 | −0.243% | $42K | $86K | 25x | as long as short |
| Variational Omni XAU | +0.0095% | 4h | 4,295.8 | −0.299% | $46.6M | $29.4M | — | as long as short |
| Extended XAU-USD | +0.0096% | 1h | 4,306.5 | −0.051% | $12.9M | $36.1M | 25x | as long as short |
| Pacifica XAU | +0.0100% | 1h | 4,305.2 | −0.080% | $1.4M | $1.2M | 10x | as long as short |
| ApeX Omni XAUUSDT | +0.0100% | 1h | 4,297.8 | −0.253% | $273K | $219K | 50x | as long as short |
| Lighter RH XAU | +0.0104% | 1h | 4,311.2 | +0.058% | $19.8M | $40.5M | 25x | as long as short |
| Bybit XAUUSDT | +0.0111% | 4h | 4,311.3 | +0.061% | $78.0M | $160.8M | 150x | as long as short |
| MEXC XAU_USDT | +0.0112% | 4h | 4,310.4 | +0.040% | $360.1M | $346.8M | 1000x | as long as short |
| Aevo XAU-PERP | +0.0112% | 1h | 4,307 | −0.038% | $160K | $87 | 10x | as long as short |
| Kalshi KXGOLDPERP | +0.0113% | 24h | 4,310.2 | +0.035% | $3.6M | $47.1M | 15x | as long as short |
| edgeX XAUUSDC | +0.0118% | 4h | 4,294.8 | −0.322% | $29.9M | $62.3M | 50x | as long as short |
| Binance XAUUSDT | +0.0119% | 4h | 4,310.1 | +0.032% | $437.1M | $2.26B | 100x | as long as short |
| RISEx XAU/USDC | +0.0126% | 1h | 4,308.8 | +0.002% | $4.5M | $13.4M | 25x | as long as short |
| Hotstuff GOLD-PERP | +0.0136% | 1h | 4,302.9 | −0.134% | $32K | — | 25x | as long as short |
| GRVT XAU_USDT_Perp | +0.0142% | 4h | 4,299.3 | −0.218% | $1.4M | $3.1M | 25x | as long as short |
| Gate XAU_USDT | +0.0180% | 4h | 4,311.9 | +0.074% | $302.1M | $435.8M | 100x | as long as short |
| Deribit GOLD_USDC-PERPETUAL | +0.0191% | 1h | 4,308.5 | −0.004% | $133K | $853K | 25x | as long as short |
| Bullet GOLD-USD | +0.0197% | 1h | 4,309.5 | +0.019% | $58K | $77K | 10x | as long as short |
| Bitget XAUUSDT | +0.0198% | 4h | 4,310.8 | +0.050% | $70.1M | $127.3M | 100x | as long as short |
| OKX XAU-USDT-SWAP | +0.0250% | 8h | 4,310.7 | +0.047% | $170.6M | $341.4M | 100x | as long as short |
| Kraken Futures PF_XAUUSD | +0.0328% | 1h | 4,307.4 | −0.029% | $573K | $139K | 25x | as long as short |
| BloFin XAU-USDT | +0.0412% | 4h | 4,305.5 | −0.074% | $16.3M | $5.0M | 100x | as long as short |
| GMX GOLD/USD [ETH-USDC] | L +0.0464% / S −0.0312% | 1h | 4,305.8 | −0.067% | $254K | — | 111x | as long as short |
| Phemex XAUUSDT | +0.0547% | 4h | 4,312.5 | +0.089% | $2.2M | $987K | 100x | as long as short |
| HTX XAU-USDT | +0.1185% | 4h | 4,313.5 | +0.112% | $3.2M | $6.8M | 75x | as long as short |
| Bluefin GOLD-PERP | +0.2566% | 1h | 4,303.2 | −0.129% | $25K | $1K | 20x | as long as short |
StandX XAU-USD
Paradex XAU-USD-PERP
Phoenix GOLD
Variational Omni XAU
Extended XAU-USD
Pacifica XAU
ApeX Omni XAUUSDT
Lighter RH XAU
Bybit XAUUSDT
MEXC XAU_USDT
Aevo XAU-PERP
Kalshi KXGOLDPERP
edgeX XAUUSDC
Binance XAUUSDT
RISEx XAU/USDC
Hotstuff GOLD-PERP
GRVT XAU_USDT_Perp
Gate XAU_USDT
Deribit GOLD_USDC-PERPETUAL
Bullet GOLD-USD
Bitget XAUUSDT
OKX XAU-USDT-SWAP
Kraken Futures PF_XAUUSD
BloFin XAU-USDT
GMX GOLD/USD [ETH-USDC]
Phemex XAUUSDT
HTX XAU-USDT
Bluefin GOLD-PERP