XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0032%/8h= −3.5% APRnext payment −$0.04 per $10,000 · paid last 24h −0.006%

Price spread now: StandX against Lighter+0.027%46s7-day average +0.064% · you sell dearer than you buy

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$160.156% of the position

Long on Lighter Short on StandX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.050%−$5 on $10k

Price spread, last 7 days+0.014%+$1 · spread now +0.027%, 7d avg +0.064%

Together, before fees−0.036%+ Points / potential airdropLighter: Season 3 · StandX: Active · farm board−$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and StandX is 0.037% cheaper against Lighter than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.064%). Swap the legs. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter XAU	4,333.8	0.0072	pay 0.0009% / 1h	27m 40s	$20.1M	$30.4M	25x
Short	StandX XAU-USD	4,335	0.0040	get 0.0005% / 1h	27m 40s	$3.8M	$4.5M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX 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 StandXbpOrdersPrice spread, now +0.027%Rate

Funding earned: −$6.72
Price spread: +0.027% → +0.064%: −$3.67
Slippage, 4 orders: −$7.64
Fee Lighter: 0 bp × 2 orders: $0
Fee StandX: 4 bp × 2 orders: −$8
Net: −$26.03
Costs to cover: 0.156%
Break-even: never at this rate

Slippage from Lighter: live order book, 4 min ago; StandX: live order book, 5 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	0.39 bp	0.5 bp −$1	1.7 bp −$17	7.8 bp −$776	17.7 bp −$8,832
Sell StandX live order book, 5 min ago	2.08 bp	8.3 bp −$8	8.4 bp −$84	10.3 bp −$1,032	12.0 bp −$5,984

XAU on 39 exchanges

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
Hotstuff GOLD-PERP	−3.2000%	1h	4,331.1	−0.063%	$32K	—	25x	as long as short
SunX XAU-USDT	0.0000%	4h	4,338.2	+0.100%	$92K	$5.8M	20x	as long as short
Coinbase International GOLD-PERP-INTX	0.0000%	1h	4,328.4	−0.125%	$2.1M	$5.0M	25x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,330.4	−0.078%	$304K	—	250x	as long as short
Bluefin GOLD-PERP	+0.0024%	1h	4,327.8	−0.138%	$25K	$1K	20x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0027%	1h	4,332.6	−0.028%	$135K	$708K	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.383%	$619	$54	52x	as long as short
Aster XAUUSD1	+0.0038%	4h	4,335.9	+0.049%	$72.1M	$276.2M	20x	as long as short
StandX XAU-USDshort	+0.0040%	1h	4,335	+0.027%	$3.8M	$4.5M	40x
QFEX GOLD-USD	+0.0041%	1h	4,333	−0.019%	$6.7M	$3.2M	20x	as long as short

Show all 39 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest GC-PERP	+0.0046%	1h	4,367.6	+0.780%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,331.4	−0.056%	$292.8M	$51.7M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,329.4	−0.102%	$15.1M	$59.7M	25x	as long as short
Paradex XAU-USD-PERP	+0.0053%	8h	4,333.5	−0.007%	$2K	$13K	5x	as long as short
Variational Omni XAU	+0.0064%	4h	4,333.5	−0.007%	$47.3M	$28.7M	—	as long as short
Lighter XAUlong	+0.0072%	1h	4,333.8	long leg	$20.1M	$30.4M	25x
Gate XAU_USDT	+0.0076%	4h	4,336.2	+0.055%	$298.7M	$447.6M	100x	as long as short
MEXC XAU_USDT	+0.0078%	4h	4,334.3	+0.012%	$368.4M	$355.4M	1000x	as long as short
GRVT XAU_USDT_Perp	+0.0078%	4h	4,334.1	+0.007%	$1.4M	$3.1M	25x	as long as short
Binance XAUUSDT	+0.0079%	4h	4,334.1	+0.007%	$441.4M	$2.43B	100x	as long as short
edgeX XAUUSDC	+0.0084%	4h	4,330	−0.087%	$30.3M	$66.9M	50x	as long as short
Lighter RH XAU	+0.0096%	1h	4,336.1	+0.052%	$19.7M	$40.0M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,330.8	−0.069%	$1.4M	$1.3M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,330.6	−0.075%	$287K	$227K	50x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,332.9	−0.021%	$160K	$87	10x	as long as short
Polymarket Perps GOLD-USD	+0.0116%	1h	4,334.2	+0.009%	$4.3M	$1.7M	20x	as long as short
Phoenix GOLD	+0.0127%	1h	4,332	−0.042%	$43K	$71K	25x	as long as short
Bybit XAUUSDT	+0.0127%	4h	4,335.5	+0.038%	$82.7M	$169.4M	150x	as long as short
Kalshi KXGOLDPERP	+0.0140%	24h	4,335.3	+0.034%	$3.5M	$51.2M	15x	as long as short
Extended XAU-USD	+0.0144%	1h	4,330.4	−0.079%	$12.5M	$34.5M	25x	as long as short
Bullet GOLD-USD	+0.0159%	1h	4,334.2	+0.010%	$59K	$77K	10x	as long as short
Bitget XAUUSDT	+0.0198%	4h	4,334.5	+0.016%	$72.8M	$139.9M	100x	as long as short
RISEx XAU/USDC	+0.0205%	1h	4,334.2	+0.009%	$4.7M	$13.2M	25x	as long as short
Phemex XAUUSDT	+0.0208%	4h	4,336.7	+0.067%	$2.3M	$777K	100x	as long as short
OKX XAU-USDT-SWAP	+0.0232%	8h	4,335.7	+0.044%	$170.8M	$361.5M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0253%	1h	4,331.2	−0.060%	$583K	$167K	25x	as long as short
BloFin XAU-USDT	+0.0321%	4h	4,334.6	+0.018%	$16.4M	$5.3M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0461% / S −0.0308%	1h	4,335.2	+0.031%	$254K	—	111x	as long as short
HTX XAU-USDT	+0.1046%	4h	4,340.1	+0.145%	$3.2M	$7.1M	75x	as long as short