XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0014%/8h= +1.5% APRnext payment +$0.02 per $10,000 · paid last 24h +0.009%

Price spread now: RISEx against Lighter−0.012%7-day average +0.050% · 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−$16as in the Price arb table

costs, in and out, $10k−$90.094% of the position

Long on Lighter Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.029%+$3 on $10k

Price spread, last 7 days+0.042%+$4 · spread now −0.012%, 7d avg +0.050%

Together, before fees+0.071%+ Points / potential airdropLighter: Season 3 · farm board+$7 on $10k · with fees, hour by hour

Funding pays, the price is against you. RISEx is 0.062% cheaper against Lighter than usual: you would sell low and buy high (spread −0.012% now, against its 7-day average of +0.050%). If the spread goes back, that is −$6 on $10k: about 15 days of funding at the current rate ($0 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter XAU	4,321.9	0.0040	pay 0.0005% / 1h	23m 34s	$20.5M	$31.3M	25x
Short	RISEx XAU/USDC	4,321.4	0.0054	get 0.0007% / 1h	23m 34s	$3.9M	$12.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now −0.012%Rate

Funding earned: $2.94
Price spread: −0.012% → +0.050%: −$6.19
Slippage, 4 orders: −$3.43
Fee Lighter: 0 bp × 2 orders: $0
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$12.69
Costs to cover: 0.094%
Break-even: 37.2 days

Slippage from Lighter: live order book, 5 min ago; RISEx: live order book, 1 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, 5 min ago	0.17 bp	1.5 bp −$1	2.8 bp −$28	7.6 bp −$756	17.6 bp −$8,819
Sell RISEx live order book, 1 min ago	0.74 bp	3.7 bp −$4	5.3 bp −$53	112.2 bp −$11.2K	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
Bluefin GOLD-PERP	−0.0016%	1h	4,321	−0.020%	$25K	$14K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,331.5	+0.221%	$92K	$8.3M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,318.2	−0.087%	$270K	—	250x	as long as short
Extended XAU-USD	+0.0032%	1h	4,318.5	−0.079%	$13.1M	$37.1M	25x	as long as short
Bybit XAUUSDT	+0.0033%	4h	4,322.2	+0.006%	$78.3M	$156.1M	150x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.660%	$619	$54	52x	as long as short
Lighter XAUlong	+0.0040%	1h	4,321.9	long leg	$20.5M	$31.3M	25x
StandX XAU-USD	+0.0040%	1h	4,329.5	+0.176%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0044%	1h	4,319.5	−0.056%	$5.4M	$2.1M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,355.6	+0.780%	—	$1.0M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:GOLD	+0.0050%	1h	4,317.8	−0.095%	$291.0M	$51.4M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,316.9	−0.116%	$15.0M	$56.6M	25x	as long as short
RISEx XAU/USDCshort	+0.0054%	1h	4,321.4	−0.012%	$3.9M	$12.5M	25x
Kalshi KXGOLDPERP	+0.0059%	24h	4,329.1	+0.167%	$4.0M	$41.0M	15x	as long as short
Gate XAU_USDT	+0.0062%	4h	4,323.2	+0.029%	$270.5M	$409.0M	100x	as long as short
Paradex XAU-USD-PERP	+0.0071%	8h	4,322.8	+0.022%	$19K	$5K	5x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,325	+0.072%	$2.1M	$4.7M	25x	as long as short
Lighter RH XAU	+0.0088%	1h	4,323	+0.025%	$19.9M	$38.8M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,319.3	−0.060%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,329.7	+0.180%	$276K	$204K	50x	as long as short
Aster XAUUSD1	+0.0105%	4h	4,322.8	+0.020%	$71.4M	$332.2M	20x	as long as short
Variational Omni XAU	+0.0111%	4h	4,332	+0.233%	$48.3M	$27.4M	—	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,327.1	+0.121%	$160K	$87	10x	as long as short
Binance XAUUSDT	+0.0117%	4h	4,320.6	−0.030%	$413.7M	$2.16B	100x	as long as short
MEXC XAU_USDT	+0.0118%	4h	4,321.1	−0.020%	$359.6M	$326.1M	1000x	as long as short
GRVT XAU_USDT_Perp	+0.0118%	4h	4,330.9	+0.208%	$1.4M	$2.9M	25x	as long as short
edgeX XAUUSDC	+0.0120%	4h	4,324.5	+0.060%	$30.1M	$59.3M	50x	as long as short
Phoenix GOLD	+0.0127%	1h	4,331.3	+0.217%	$47K	$77K	25x	as long as short
Hotstuff GOLD-PERP	+0.0152%	1h	4,320.6	−0.030%	$32K	—	25x	as long as short
Bullet GOLD-USD	+0.0157%	1h	4,321.4	−0.011%	$59K	$81K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0169%	1h	4,321.7	−0.005%	$4.2M	$2.0M	20x	as long as short
Kraken Futures PF_XAUUSD	+0.0248%	1h	4,324.3	+0.055%	$589K	$130K	25x	as long as short
HTX XAU-USDT	+0.0253%	4h	4,330	+0.188%	$2.7M	$4.8M	75x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0259%	1h	4,325.9	+0.093%	$199K	$827K	25x	as long as short
Bitget XAUUSDT	+0.0274%	4h	4,321.2	−0.017%	$69.6M	$116.7M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0336%	8h	4,322.4	+0.012%	$169.5M	$297.1M	100x	as long as short
BloFin XAU-USDT	+0.0362%	4h	4,333.4	+0.266%	$16.1M	$4.4M	100x	as long as short
Phemex XAUUSDT	+0.0417%	4h	4,330.5	+0.198%	$2.2M	$961K	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0451% / S −0.0289%	1h	4,328.6	+0.154%	$249K	—	111x	as long as short