XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0128%/8h= +14.0% APRnext payment +$0.16 per $10,000 · paid last 24h −0.015%

Price spread now: Hotstuff against Lighter−0.031%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on Hotstuff

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · Hotstuff: Active · farm boardneeds both histories

Funding pays, the price is against you. Hotstuff is 0.031% cheaper against Lighter than usual: you would sell low and buy high (spread −0.031% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 19 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter XAU	4,340.8	0.0032	pay 0.0004% / 1h	7m 04s	$20.7M	$46.8M	25x
Short	Hotstuff GOLD-PERP	4,339.5	0.0160	get 0.0020% / 1h	7m 04s	$33K	—	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against Lighter. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee LighterbpFee HotstuffbpOrdersPrice spread, now −0.031%Rate

Funding earned: $26.88
Price spread: −0.031% → 0.000%: −$3.09
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: $18.79
Costs to cover: 0.050%
Break-even: 2.1 days

Slippage unknown: Lighter: live order book, 12 min ago; Hotstuff: no order-book sample. Net counts fees only.

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, 12 min ago	0.28 bp	1.2 bp −$1	4.5 bp −$45	14.1 bp −$1,414	32.5 bp −$16.2K
Sell Hotstuff no order-book sample	—	—	—	—	—

Hotstuff: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0481%	1h	4,334.7	−0.141%	$26K	$21K	20x	as long as short
Aster XAUUSD1	0.0000%	4h	4,344.6	+0.087%	$71.1M	$241.0M	20x	as long as short
Binance XAUUSDT	0.0000%	4h	4,342.1	+0.030%	$411.2M	$2.12B	100x	as long as short
Bybit XAUUSDT	0.0000%	4h	4,342.4	+0.035%	$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
MEXC XAU_USDT	0.0000%	4h	4,341.8	+0.022%	$372.8M	$350.4M	1000x	as long as short
Bitget XAUUSDT	0.0000%	4h	4,342.4	+0.036%	$67.1M	$114.1M	100x	as long as short
GRVT XAU_USDT_Perp	0.0000%	4h	4,342.1	+0.029%	$1.4M	$3.3M	25x	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,340.5	−0.008%	$3.9M	$34.1M	15x	as long as short
Bullet GOLD-USD	0.0000%	1h	4,342.1	+0.029%	$59K	$84K	10x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX XAU-USDT	0.0000%	4h	4,346.2	+0.124%	$92K	$10.9M	20x	as long as short
HTX XAU-USDT	0.0000%	4h	4,346.2	+0.123%	$2.8M	$3.8M	75x	as long as short
Variational Omni XAU	+0.0016%	4h	4,342	+0.028%	$47.8M	$34.0M	—	as long as short
edgeX XAUUSDC	+0.0017%	4h	4,338.3	−0.059%	$30.2M	$58.0M	50x	as long as short
Lighter XAUlong	+0.0032%	1h	4,340.8	long leg	$20.7M	$46.8M	25x
Lighter RH XAU	+0.0032%	1h	4,343.4	+0.058%	$20.2M	$45.1M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,343.7	+0.065%	$13.2M	$50.9M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.221%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,343.2	+0.054%	$3.8M	$4.7M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,382	+0.948%	—	$995K	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,339.5	−0.031%	$293.0M	$52.6M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0050%	1h	4,341.5	+0.015%	$4.3M	$2.3M	20x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,341.1	+0.005%	$14.5M	$54.6M	25x	as long as short
Paradex XAU-USD-PERP	+0.0051%	8h	4,342.1	+0.030%	$19K	$6K	5x	as long as short
QFEX GOLD-USD	+0.0052%	1h	4,342.5	+0.038%	$5.5M	$1.9M	20x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,338.9	−0.045%	$2.0M	$5.2M	25x	as long as short
Aevo XAU-PERP	+0.0080%	1h	4,341.8	+0.021%	$161K	$87	10x	as long as short
Pacifica XAU	+0.0100%	1h	4,341.4	+0.014%	$1.4M	$1.3M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,343.2	+0.055%	$272K	$204K	50x	as long as short
BloFin XAU-USDT	+0.0108%	4h	4,342.1	+0.029%	$14.8M	$4.3M	100x	as long as short
Phoenix GOLD	+0.0109%	1h	4,343.4	+0.059%	$47K	$69K	25x	as long as short
Hotstuff GOLD-PERPshort	+0.0160%	1h	4,339.5	−0.031%	$33K	—	25x
RISEx XAU/USDC	+0.0190%	1h	4,342.1	+0.029%	$3.4M	$12.6M	25x	as long as short
OKX XAU-USDT-SWAP	+0.0191%	8h	4,342.1	+0.029%	$157.9M	$275.0M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0333%	1h	4,339	−0.041%	$599K	$140K	25x	as long as short
Phemex XAUUSDT	+0.0412%	4h	4,344.8	+0.091%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0495% / S −0.0311%	1h	4,342	+0.027%	$251K	—	29x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0696%	1h	4,339.7	−0.026%	$221K	$883K	25x	as long as short