Funding you earn now, next payment 06:00 UTC−0.0045%/8h= −4.9% APRnext payment −$0.06 per $10,000 · paid last 24h −0.021%
Price spread now: gTrade (Gains Network) against Lighter−0.053%7-day average −0.074% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$266as in the Price arb table
costs, in and out, $10k−$2682.683% of the position
Funding, last 3 days (all we have)−0.051%−$5 on $10k
+Price spread, last 4 days (all we have)+0.034%+$3 · spread now −0.053%, 7d avg −0.074%
=Together, before fees−0.017%+ Points / potential airdropLighter: Season 3 · farm board−$2 on $10k · with fees, hour by hour
The price spread pays, funding is against you. gTrade (Gains Network) is 0.021% dearer against Lighter than usual: you sell high and buy low (spread −0.053% now, against its 7-day average of −0.074%): +$2 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 37 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter XAU | 4,331.7 | 0.0048 | pay 0.0006% / 1h | 5m 15s | $20.4M | $31.8M | 25x |
| Short | gTrade (Gains Network) XAU/USD | 4,329.4 | L +0.0002% / S −0.0003% | get 0.0000% / 1h | 5m 15s | $271K | — | 250x |
Lighter XAU
gTrade (Gains Network) XAU/USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
gTrade (Gains Network) 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
- −$9.43
- Price spread: −0.053% → −0.074%
- $2.06
- Slippage, 4 orders
- −$261.34
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee gTrade (Gains Network): 3.5 bp × 2 orders
- −$7
- Net
- −$275.71
- Costs to cover
- 2.683%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 4 min ago; gTrade (Gains Network): virtual book (oracle venue), 9 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, 4 min ago | 0.52 bp | 0.6 bp −$1 | 1.9 bp −$19 | 6.9 bp −$694 | 18.9 bp −$9,462 |
| Sell gTrade (Gains Network) virtual book (oracle venue), 9 min ago | 130.01 bp | 133.5 bp −$134 | 243.0 bp −$2,430 | 1975.4 bp −$197.5K | 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 | 4,336.1 | +0.102% | $92K | $8.1M | 20x | as long as short |
| gTrade (Gains Network) XAU/USDshort | L +0.0002% / S −0.0003% | 1h | 4,329.4 | −0.053% | $271K | — | 250x | |
| Bybit XAUUSDT | +0.0004% | 4h | 4,333.2 | +0.036% | $78.4M | $156.4M | 150x | as long as short |
| Extended XAU-USD | +0.0032% | 1h | 4,329.2 | −0.057% | $13.1M | $36.7M | 25x | as long as short |
| Injective XAU/USDC PERP | +0.0033% | 1h | 4,350.4 | +0.433% | $619 | $54 | 52x | as long as short |
| StandX XAU-USD | +0.0040% | 1h | 4,337.3 | +0.130% | $3.8M | $4.5M | 40x | as long as short |
| QFEX GOLD-USD | +0.0044% | 1h | 4,332.6 | +0.022% | $5.4M | $2.1M | 20x | as long as short |
| Vest GC-PERP | +0.0046% | 1h | 4,366.4 | +0.802% | — | $1.0M | 25x | as long as short |
| Lighter XAUlong | +0.0048% | 1h | 4,331.7 | long leg | $20.4M | $31.8M | 25x | |
| tradeXYZ xyz:GOLD | +0.0050% | 1h | 4,329.7 | −0.045% | $292.0M | $51.6M | 25x | as long as short |
SunX XAU-USDT
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 | 4,329.5 | −0.050% | $15.0M | $56.4M | 25x | as long as short |
| RISEx XAU/USDC | +0.0054% | 1h | 4,334.5 | +0.066% | $3.8M | $12.5M | 25x | as long as short |
| Gate XAU_USDT | +0.0062% | 4h | 4,334.6 | +0.068% | $270.9M | $419.3M | 100x | as long as short |
| Kalshi KXGOLDPERP | +0.0064% | 24h | 4,334.5 | +0.066% | $4.0M | $42.3M | 15x | as long as short |
| Paradex XAU-USD-PERP | +0.0070% | 8h | 4,333.5 | +0.042% | $19K | $5K | 5x | as long as short |
| Lighter RH XAU | +0.0072% | 1h | 4,334 | +0.053% | $19.9M | $39.0M | 25x | as long as short |
| Hotstuff GOLD-PERP | +0.0072% | 1h | 4,330.5 | −0.027% | $32K | — | 25x | as long as short |
| Coinbase International GOLD-PERP-INTX | +0.0072% | 1h | 4,332 | +0.008% | $2.0M | $4.8M | 25x | as long as short |
| Aster XAUUSD1 | +0.0093% | 4h | 4,333.9 | +0.052% | $72.4M | $329.7M | 20x | as long as short |
| GRVT XAU_USDT_Perp | +0.0098% | 4h | 4,336.1 | +0.102% | $1.4M | $3.0M | 25x | as long as short |
| Pacifica XAU | +0.0100% | 1h | 4,330.2 | −0.033% | $1.4M | $1.2M | 10x | as long as short |
| ApeX Omni XAUUSDT | +0.0100% | 1h | 4,333.2 | +0.035% | $273K | $208K | 50x | as long as short |
| Bluefin GOLD-PERP | +0.0100% | 1h | 4,326.7 | −0.113% | $25K | $14K | 20x | as long as short |
| Variational Omni XAU | +0.0101% | 4h | 4,334.6 | +0.068% | $46.8M | $28.7M | — | as long as short |
| Binance XAUUSDT | +0.0109% | 4h | 4,332.9 | +0.029% | $414.2M | $2.12B | 100x | as long as short |
| MEXC XAU_USDT | +0.0110% | 4h | 4,332.9 | +0.029% | $363.6M | $331.2M | 1000x | as long as short |
| Aevo XAU-PERP | +0.0112% | 1h | 4,332.5 | +0.020% | $160K | $87 | 10x | as long as short |
| edgeX XAUUSDC | +0.0121% | 4h | 4,331.7 | 0.000% | $30.1M | $60.5M | 50x | as long as short |
| Phoenix GOLD | +0.0127% | 1h | 4,332.8 | +0.027% | $47K | $77K | 25x | as long as short |
| Bullet GOLD-USD | +0.0159% | 1h | 4,333.1 | +0.034% | $59K | $82K | 10x | as long as short |
| Polymarket Perps GOLD-USD | +0.0175% | 1h | 4,333 | +0.031% | $4.2M | $2.0M | 20x | as long as short |
| Deribit GOLD_USDC-PERPETUAL | +0.0212% | 1h | 4,331.3 | −0.008% | $195K | $826K | 25x | as long as short |
| HTX XAU-USDT | +0.0222% | 4h | 4,336.6 | +0.115% | $2.8M | $5.0M | 75x | as long as short |
| Kraken Futures PF_XAUUSD | +0.0247% | 1h | 4,329.6 | −0.047% | $590K | $130K | 25x | as long as short |
| Bitget XAUUSDT | +0.0248% | 4h | 4,332.6 | +0.023% | $68.1M | $118.9M | 100x | as long as short |
| OKX XAU-USDT-SWAP | +0.0328% | 8h | 4,333 | +0.031% | $170.5M | $297.2M | 100x | as long as short |
| Phemex XAUUSDT | +0.0370% | 4h | 4,334.2 | +0.059% | $2.2M | $962K | 100x | as long as short |
| BloFin XAU-USDT | +0.0381% | 4h | 4,332.4 | +0.016% | $16.0M | $4.5M | 100x | as long as short |
| GMX GOLD/USD [ETH-USDC] | L +0.0461% / S −0.0304% | 1h | 4,332.9 | +0.029% | $253K | — | 111x | as long as short |
Ondo Perps XAU-USD.P
RISEx XAU/USDC
Gate XAU_USDT
Kalshi KXGOLDPERP
Paradex XAU-USD-PERP
Lighter RH XAU
Hotstuff GOLD-PERP
Coinbase International GOLD-PERP-INTX
Aster XAUUSD1
GRVT XAU_USDT_Perp
Pacifica XAU
ApeX Omni XAUUSDT
Bluefin GOLD-PERP
Variational Omni XAU
Binance XAUUSDT
MEXC XAU_USDT
Aevo XAU-PERP
edgeX XAUUSDC
Phoenix GOLD
Bullet GOLD-USD
Polymarket Perps GOLD-USD
Deribit GOLD_USDC-PERPETUAL
HTX XAU-USDT
Kraken Futures PF_XAUUSD
Bitget XAUUSDT
OKX XAU-USDT-SWAP
Phemex XAUUSDT
BloFin XAU-USDT
GMX GOLD/USD [ETH-USDC]