XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0089%/8h= +9.8% APRnext payment +$0.11 per $10,000 · paid last 24h +0.013%

Price spread now: Phoenix against Lighter−0.056%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 Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.060%+$6 on $10k

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

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

Funding pays, the price is against you. Phoenix is 0.056% cheaper against Lighter than usual: you would sell low and buy high (spread −0.056% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 2.1 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.060% in total) that is about 6.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter XAU	4,353.5	0.0032	pay 0.0004% / 1h	55m 07s	$20.6M	$41.7M	25x
Short	Phoenix GOLD	4,351	0.0121	get 0.0015% / 1h	55m 07s	$47K	$77K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now −0.056%Rate

Funding earned: $18.71
Price spread: −0.056% → 0.000%: −$5.63
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $6.08
Costs to cover: 0.070%
Break-even: 4.7 days

Slippage unknown: Lighter: live order book, 9 min ago; Phoenix: 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, 9 min ago	0.64 bp	0.6 bp −$1	1.5 bp −$15	7.6 bp −$761	18.9 bp −$9,427
Sell Phoenix no order-book sample	—	—	—	—	—

Phoenix: 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	−0.0165%	1h	4,346.1	−0.168%	$25K	$14K	20x	as long as short
Gate XAU_USDT	0.0000%	4h	4,355.8	+0.054%	$262.5M	$404.6M	100x	as long as short
SunX XAU-USDT	0.0000%	4h	4,356.3	+0.065%	$93K	$9.4M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,348.4	−0.116%	$269K	—	250x	as long as short
RISEx XAU/USDC	+0.0010%	1h	4,352.3	−0.026%	$3.4M	$12.4M	25x	as long as short
Lighter XAUlong	+0.0032%	1h	4,353.5	long leg	$20.6M	$41.7M	25x
Extended XAU-USD	+0.0032%	1h	4,348.1	−0.122%	$13.5M	$41.1M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.070%	$619	$54	52x	as long as short
Kalshi KXGOLDPERP	+0.0036%	24h	4,350.7	−0.063%	$4.1M	$36.2M	15x	as long as short
StandX XAU-USD	+0.0040%	1h	4,353.6	+0.003%	$3.8M	$4.6M	40x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest GC-PERP	+0.0046%	1h	4,386	+0.748%	—	$1.0M	25x	as long as short
QFEX GOLD-USD	+0.0046%	1h	4,352.3	−0.026%	$5.6M	$1.9M	20x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0048%	1h	4,349.1	−0.100%	$2.0M	$4.9M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,352	−0.033%	$293.7M	$49.0M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,349.2	−0.097%	$15.1M	$57.9M	25x	as long as short
Aster XAUUSD1	+0.0058%	4h	4,354.5	+0.024%	$70.2M	$327.9M	20x	as long as short
Lighter RH XAU	+0.0064%	1h	4,354.6	+0.026%	$20.1M	$39.3M	25x	as long as short
Hotstuff GOLD-PERP	+0.0080%	1h	4,349.1	−0.100%	$33K	—	25x	as long as short
Paradex XAU-USD-PERP	+0.0085%	8h	4,352.6	−0.020%	$19K	$5K	5x	as long as short
Polymarket Perps GOLD-USD	+0.0091%	1h	4,351.6	−0.042%	$4.3M	$1.9M	20x	as long as short
Pacifica XAU	+0.0100%	1h	4,349.2	−0.098%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,351.3	−0.049%	$275K	$204K	50x	as long as short
Variational Omni XAU	+0.0107%	4h	4,352.3	−0.027%	$48.3M	$28.1M	—	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,351.7	−0.039%	$161K	$87	10x	as long as short
MEXC XAU_USDT	+0.0118%	4h	4,353.2	−0.007%	$372.6M	$315.3M	1000x	as long as short
Binance XAUUSDT	+0.0120%	4h	4,355.7	+0.052%	$411.1M	$2.09B	100x	as long as short
edgeX XAUUSDC	+0.0120%	4h	4,348.3	−0.118%	$30.3M	$58.6M	50x	as long as short
Phoenix GOLDshort	+0.0121%	1h	4,351	−0.056%	$47K	$77K	25x
GRVT XAU_USDT_Perp	+0.0136%	4h	4,354	+0.014%	$1.4M	$3.0M	25x	as long as short
Bullet GOLD-USD	+0.0187%	1h	4,352.4	−0.023%	$59K	$83K	10x	as long as short
Bybit XAUUSDT	+0.0201%	4h	4,357.1	+0.083%	$84.0M	$144.9M	150x	as long as short
Bitget XAUUSDT	+0.0210%	4h	4,355.3	+0.041%	$69.7M	$109.0M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0233%	1h	4,350.3	−0.072%	$260K	$700K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0248%	8h	4,356.9	+0.079%	$164.5M	$282.0M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0269%	1h	4,349.5	−0.090%	$593K	$133K	25x	as long as short
Phemex XAUUSDT	+0.0331%	4h	4,355.7	+0.051%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0397% / S −0.0205%	1h	4,352.4	−0.023%	$251K	—	111x	as long as short
HTX XAU-USDT	+0.0613%	4h	4,357.7	+0.097%	$2.8M	$4.2M	75x	as long as short