XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0027%/8h= −2.9% APRnext payment −$0.03 per $10,000 · paid last 24h −0.009%

Price spread now: QFEX against Lighter+0.021%7-day average +0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$180.184% of the position

Long on Lighter Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.043%−$4 on $10k

Price spread, last 7 days−0.025%−$3 · spread now +0.021%, 7d avg +0.006%

Together, before fees−0.068%+ Points / potential airdropLighter: Season 3 · farm board−$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.006%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter XAU	4,361.8	0.0072	pay 0.0009% / 1h	5m 25s	$20.6M	$44.5M	25x
Short	QFEX GOLD-USD	4,362.7	0.0045	get 0.0006% / 1h	5m 25s	$5.6M	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now +0.021%Rate

Funding earned: −$5.58
Price spread: +0.021% → +0.006%: $1.45
Slippage, 4 orders: −$8.44
Fee Lighter: 0 bp × 2 orders: $0
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$22.56
Costs to cover: 0.184%
Break-even: never at this rate

Slippage from Lighter: live order book, 8 min ago; QFEX: live order book, 3 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, 8 min ago	0.39 bp	0.6 bp −$1	1.6 bp −$16	7.5 bp −$749	20.8 bp −$10.4K
Sell QFEX live order book, 3 min ago	3.10 bp	8.1 bp −$8	8.1 bp −$81	10.8 bp −$1,084	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
Aster XAUUSD1	0.0000%	4h	4,363.9	+0.047%	$70.3M	$216.3M	20x	as long as short
Gate XAU_USDT	0.0000%	4h	4,363.9	+0.049%	$265.2M	$422.5M	100x	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,359.3	−0.057%	$4.0M	$36.7M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,365.7	+0.089%	$93K	$10.1M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,358.8	−0.068%	$269K	—	250x	as long as short
Variational Omni XAU	+0.0029%	4h	4,362.2	+0.009%	$48.4M	$28.5M	—	as long as short
Extended XAU-USD	+0.0032%	1h	4,358.9	−0.066%	$13.5M	$43.6M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.261%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,362.6	+0.019%	$3.8M	$4.7M	40x	as long as short
QFEX GOLD-USDshort	+0.0045%	1h	4,362.7	+0.021%	$5.6M	$1.9M	20x

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest GC-PERP	+0.0046%	1h	4,396	+0.784%	—	$1.0M	25x	as long as short
MEXC XAU_USDT	+0.0046%	4h	4,362.9	+0.026%	$372.9M	$331.1M	1000x	as long as short
RISEx XAU/USDC	+0.0048%	1h	4,363	+0.028%	$3.4M	$12.4M	25x	as long as short
Binance XAUUSDT	+0.0048%	4h	4,363.2	+0.032%	$411.7M	$2.15B	100x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,358.7	−0.071%	$294.0M	$51.6M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,358.5	−0.077%	$14.8M	$57.3M	25x	as long as short
Phoenix GOLD	+0.0055%	1h	4,359.6	−0.050%	$48K	$64K	25x	as long as short
edgeX XAUUSDC	+0.0062%	4h	4,356	−0.133%	$30.3M	$60.4M	50x	as long as short
Lighter XAUlong	+0.0072%	1h	4,361.8	long leg	$20.6M	$44.5M	25x
Paradex XAU-USD-PERP	+0.0085%	8h	4,362.6	+0.018%	$19K	$5K	5x	as long as short
Aevo XAU-PERP	+0.0088%	1h	4,361.6	−0.005%	$162K	$87	10x	as long as short
Lighter RH XAU	+0.0096%	1h	4,364.1	+0.054%	$20.2M	$41.4M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0096%	1h	4,359.8	−0.046%	$2.0M	$5.1M	25x	as long as short
Bitget XAUUSDT	+0.0098%	4h	4,363	+0.029%	$69.0M	$112.3M	100x	as long as short
Pacifica XAU	+0.0100%	1h	4,359.6	−0.050%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,357.9	−0.089%	$275K	$204K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,355.4	−0.146%	$26K	$22K	20x	as long as short
Hotstuff GOLD-PERP	+0.0104%	1h	4,359	−0.064%	$33K	—	25x	as long as short
Polymarket Perps GOLD-USD	+0.0119%	1h	4,361.4	−0.009%	$4.3M	$1.8M	20x	as long as short
GRVT XAU_USDT_Perp	+0.0136%	4h	4,361.6	−0.004%	$1.4M	$3.1M	25x	as long as short
BloFin XAU-USDT	+0.0179%	4h	4,362.2	+0.010%	$15.4M	$4.6M	100x	as long as short
Bybit XAUUSDT	+0.0195%	4h	4,363.9	+0.049%	$83.9M	$144.9M	150x	as long as short
OKX XAU-USDT-SWAP	+0.0212%	8h	4,363.8	+0.046%	$164.3M	$288.9M	100x	as long as short
Bullet GOLD-USD	+0.0213%	1h	4,362.6	+0.019%	$59K	$82K	10x	as long as short
Kraken Futures PF_XAUUSD	+0.0225%	1h	4,359.7	−0.049%	$595K	$141K	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0232%	1h	4,361.5	−0.007%	$235K	$658K	25x	as long as short
Phemex XAUUSDT	+0.0297%	4h	4,363.8	+0.046%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0389% / S −0.0197%	1h	4,362.8	+0.023%	$252K	—	111x	as long as short
HTX XAU-USDT	+0.0558%	4h	4,366.8	+0.114%	$2.9M	$3.9M	75x	as long as short