Funding you earn now, next payment 02:00 UTC−0.0016%/8h= −1.8% APRnext payment −$0.02 per $10,000 · paid last 24h −0.005%
Price spread now: Extended against Lighter−0.071%7-day average −0.042% · you buy dearer than you sell
Net, funding: paid 7d − costs−$16as in the Funding arb table
Net, price: spread back to 7d avg − costs−$10as in the Price arb table
costs, in and out, $10k−$70.074% of the position
Funding, last 7 days−0.086%−$9 on $10k
+Price spread, last 7 days+0.057%+$6 · spread now −0.071%, 7d avg −0.042%
=Together, before fees−0.029%+ Points / potential airdropLighter: Season 3 · Extended: Active · farm board−$3 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Extended is 0.029% cheaper against Lighter than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.042%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter XAU | 4,356.9 | 0.0048 | pay 0.0006% / 1h | 40m 30s | $20.7M | $43.5M | 25x |
| Short | Extended XAU-USD | 4,353.8 | 0.0032 | get 0.0004% / 1h | 40m 30s | $13.6M | $43.0M | 25x |
Lighter XAU
Extended XAU-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- −$3.36
- Price spread: −0.071% → −0.042%
- −$2.89
- Slippage, 4 orders
- −$2.45
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$13.7
- Costs to cover
- 0.074%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 13 min ago; Extended: live order book, 4 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, 13 min ago | 0.54 bp | 0.6 bp −$1 | 1.4 bp −$14 | 6.9 bp −$686 | 16.7 bp −$8,342 |
| Sell Extended live order book, 4 min ago | 0.12 bp | 3.3 bp −$3 | 4.3 bp −$43 | 8.0 bp −$798 | 36.0 bp −$18.0K |
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 | −0.0318% | 1h | 4,348.4 | −0.195% | $25K | $14K | 20x | as long as short |
| Hotstuff GOLD-PERP | −0.0024% | 1h | 4,354.2 | −0.062% | $33K | — | 25x | as long as short |
| Aster XAUUSD1 | 0.0000% | 4h | 4,357.8 | +0.022% | $69.7M | $282.6M | 20x | as long as short |
| Gate XAU_USDT | 0.0000% | 4h | 4,359.5 | +0.060% | $263.3M | $406.9M | 100x | as long as short |
| Kalshi KXGOLDPERP | 0.0000% | 24h | 4,353.1 | −0.087% | $4.1M | $36.5M | 15x | as long as short |
| SunX XAU-USDT | 0.0000% | 4h | 4,361.1 | +0.097% | $93K | $9.7M | 20x | as long as short |
| gTrade (Gains Network) XAU/USD | L +0.0002% / S −0.0003% | 1h | 4,352.5 | −0.101% | $269K | — | 250x | as long as short |
| Extended XAU-USDshort | +0.0032% | 1h | 4,353.8 | −0.071% | $13.6M | $43.0M | 25x | |
| Injective XAU/USDC PERP | +0.0033% | 1h | 4,350.4 | −0.148% | $619 | $54 | 52x | as long as short |
| StandX XAU-USD | +0.0040% | 1h | 4,356.1 | −0.018% | $3.8M | $4.7M | 40x | as long as short |
Bluefin GOLD-PERP
Hotstuff GOLD-PERP
Aster XAUUSD1
Gate XAU_USDT
Kalshi KXGOLDPERP
SunX XAU-USDT
gTrade (Gains Network) XAU/USD
Injective XAU/USDC PERP
StandX XAU-USDShow all 39 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest GC-PERP | +0.0046% | 1h | 4,389.1 | +0.740% | — | $1.0M | 25x | as long as short |
| Lighter XAUlong | +0.0048% | 1h | 4,356.9 | long leg | $20.7M | $43.5M | 25x | |
| Lighter RH XAU | +0.0048% | 1h | 4,358.8 | +0.043% | $20.1M | $40.8M | 25x | as long as short |
| tradeXYZ xyz:GOLD | +0.0050% | 1h | 4,354.2 | −0.062% | $293.8M | $48.4M | 25x | as long as short |
| Ondo Perps XAU-USD.P | +0.0050% | 1h | 4,355.3 | −0.037% | $15.0M | $57.6M | 25x | as long as short |
| QFEX GOLD-USD | +0.0051% | 1h | 4,357.8 | +0.021% | $5.6M | $1.9M | 20x | as long as short |
| Polymarket Perps GOLD-USD | +0.0060% | 1h | 4,354.8 | −0.048% | $4.3M | $1.9M | 20x | as long as short |
| Variational Omni XAU | +0.0061% | 4h | 4,355.7 | −0.027% | $48.3M | $28.4M | — | as long as short |
| Coinbase International GOLD-PERP-INTX | +0.0072% | 1h | 4,350.6 | −0.144% | $2.0M | $5.0M | 25x | as long as short |
| MEXC XAU_USDT | +0.0080% | 4h | 4,358.1 | +0.027% | $372.5M | $321.4M | 1000x | as long as short |
| Binance XAUUSDT | +0.0082% | 4h | 4,357.3 | +0.009% | $410.4M | $2.10B | 100x | as long as short |
| Paradex XAU-USD-PERP | +0.0085% | 8h | 4,357.4 | +0.011% | $19K | $5K | 5x | as long as short |
| edgeX XAUUSDC | +0.0098% | 4h | 4,351.9 | −0.114% | $30.3M | $60.4M | 50x | as long as short |
| Pacifica XAU | +0.0100% | 1h | 4,353.7 | −0.073% | $1.4M | $1.2M | 10x | as long as short |
| ApeX Omni XAUUSDT | +0.0100% | 1h | 4,353.3 | −0.081% | $275K | $204K | 50x | as long as short |
| Aevo XAU-PERP | +0.0104% | 1h | 4,355.8 | −0.024% | $161K | $87 | 10x | as long as short |
| Phoenix GOLD | +0.0121% | 1h | 4,354.7 | −0.050% | $48K | $64K | 25x | as long as short |
| RISEx XAU/USDC | +0.0135% | 1h | 4,357.9 | +0.023% | $3.4M | $12.4M | 25x | as long as short |
| GRVT XAU_USDT_Perp | +0.0138% | 4h | 4,358.7 | +0.041% | $1.4M | $3.0M | 25x | as long as short |
| Deribit GOLD_USDC-PERPETUAL | +0.0140% | 1h | 4,355.2 | −0.039% | $234K | $661K | 25x | as long as short |
| Bitget XAUUSDT | +0.0146% | 4h | 4,358.6 | +0.039% | $69.4M | $109.6M | 100x | as long as short |
| Bullet GOLD-USD | +0.0156% | 1h | 4,355.5 | −0.031% | $59K | $83K | 10x | as long as short |
| Bybit XAUUSDT | +0.0183% | 4h | 4,358.4 | +0.036% | $84.2M | $143.6M | 150x | as long as short |
| OKX XAU-USDT-SWAP | +0.0224% | 8h | 4,358.7 | +0.042% | $165.0M | $284.8M | 100x | as long as short |
| Kraken Futures PF_XAUUSD | +0.0269% | 1h | 4,353.1 | −0.086% | $594K | $141K | 25x | as long as short |
| BloFin XAU-USDT | +0.0286% | 4h | 4,364.8 | +0.182% | $15.5M | $4.6M | 100x | as long as short |
| GMX GOLD/USD [ETH-USDC] | L +0.0394% / S −0.0199% | 1h | 4,355.5 | −0.031% | $253K | — | 111x | as long as short |
| Phemex XAUUSDT | +0.0411% | 4h | 4,360.9 | +0.092% | $2.2M | $1.1M | 100x | as long as short |
| HTX XAU-USDT | +0.0530% | 4h | 4,361 | +0.095% | $2.9M | $3.9M | 75x | as long as short |
Vest GC-PERP
Lighter RH XAU
tradeXYZ xyz:GOLD
Ondo Perps XAU-USD.P
QFEX GOLD-USD
Polymarket Perps GOLD-USD
Variational Omni XAU
Coinbase International GOLD-PERP-INTX
MEXC XAU_USDT
Binance XAUUSDT
Paradex XAU-USD-PERP
edgeX XAUUSDC
Pacifica XAU
ApeX Omni XAUUSDT
Aevo XAU-PERP
Phoenix GOLD
RISEx XAU/USDC
GRVT XAU_USDT_Perp
Deribit GOLD_USDC-PERPETUAL
Bitget XAUUSDT
Bullet GOLD-USD
Bybit XAUUSDT
OKX XAU-USDT-SWAP
Kraken Futures PF_XAUUSD
BloFin XAU-USDT
GMX GOLD/USD [ETH-USDC]
Phemex XAUUSDT
HTX XAU-USDT