XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0006%/8h= −0.7% APRnext payment −$0.01 per $10,000 · paid last 24h −0.006%

Price spread now: tradeXYZ against Lighter−0.021%7-day average −0.039% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$200.197% of the position

Long on Lighter Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.012%−$1 on $10k

Price spread, last 7 days−0.002%$0 · spread now −0.021%, 7d avg −0.039%

Together, before fees−0.014%+ Points / potential airdropLighter: Season 3 · tradeXYZ: Active · farm board−$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter XAU	4,344.1	0.0056	pay 0.0007% / 1h	3m 19s	$20.7M	$34.8M	25x
Short	tradeXYZ xyz:GOLD	4,343.2	0.0050	get 0.0006% / 1h	3m 19s	$293.8M	$49.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.021%Rate

Funding earned: −$1.26
Price spread: −0.021% → −0.039%: $1.85
Slippage, 4 orders: −$1.66
Fee Lighter: 0 bp × 2 orders: $0
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$19.07
Costs to cover: 0.197%
Break-even: never at this rate

Slippage from Lighter: live order book, 6 min ago; tradeXYZ: live order book, 6 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, 6 min ago	0.29 bp	0.5 bp −$1	1.7 bp −$17	6.3 bp −$627	18.6 bp −$9,278
Sell tradeXYZ live order book, 6 min ago	0.12 bp	9.1 bp −$9	10.0 bp −$100	12.0 bp −$1,204	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	−0.0015%	1h	4,339.2	−0.114%	$25K	$14K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,350.8	+0.155%	$92K	$8.6M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,342.5	−0.038%	$272K	—	250x	as long as short
RISEx XAU/USDC	+0.0005%	1h	4,345.9	+0.042%	$3.7M	$12.6M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,342.4	−0.039%	$13.2M	$37.3M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.145%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,345.3	+0.027%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0042%	1h	4,344.7	+0.014%	$5.6M	$2.1M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,379	+0.803%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLDshort	+0.0050%	1h	4,343.2	−0.021%	$293.8M	$49.1M	25x

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps XAU-USD.P	+0.0050%	1h	4,342.1	−0.046%	$15.0M	$56.8M	25x	as long as short
Kalshi KXGOLDPERP	+0.0052%	24h	4,345.4	+0.030%	$4.2M	$39.3M	15x	as long as short
Lighter XAUlong	+0.0056%	1h	4,344.1	long leg	$20.7M	$34.8M	25x
Coinbase International GOLD-PERP-INTX	+0.0056%	1h	4,343.1	−0.023%	$2.1M	$4.7M	25x	as long as short
Gate XAU_USDT	+0.0058%	4h	4,348	+0.090%	$268.4M	$419.4M	100x	as long as short
Bybit XAUUSDT	+0.0059%	4h	4,347.4	+0.076%	$80.0M	$152.1M	150x	as long as short
Paradex XAU-USD-PERP	+0.0068%	8h	4,345.5	+0.031%	$19K	$5K	5x	as long as short
Lighter RH XAU	+0.0088%	1h	4,346.5	+0.055%	$20.2M	$40.3M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,341.5	−0.060%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,341.7	−0.056%	$274K	$203K	50x	as long as short
Aster XAUUSD1	+0.0101%	4h	4,346.5	+0.055%	$71.5M	$331.5M	20x	as long as short
Variational Omni XAU	+0.0105%	4h	4,345.4	+0.029%	$48.3M	$27.6M	—	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,344.6	+0.012%	$161K	$87	10x	as long as short
MEXC XAU_USDT	+0.0120%	4h	4,346.3	+0.050%	$370.6M	$322.2M	1000x	as long as short
Binance XAUUSDT	+0.0120%	4h	4,346.5	+0.055%	$418.7M	$2.09B	100x	as long as short
edgeX XAUUSDC	+0.0121%	4h	4,342.4	−0.040%	$30.2M	$58.0M	50x	as long as short
Hotstuff GOLD-PERP	+0.0128%	1h	4,342.9	−0.028%	$33K	—	25x	as long as short
Phoenix GOLD	+0.0136%	1h	4,341.7	−0.055%	$47K	$77K	25x	as long as short
GRVT XAU_USDT_Perp	+0.0142%	4h	4,346.6	+0.058%	$1.4M	$2.9M	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0164%	1h	4,345.2	+0.025%	$204K	$827K	25x	as long as short
Phemex XAUUSDT	+0.0192%	4h	4,349.1	+0.114%	$2.2M	$967K	100x	as long as short
Polymarket Perps GOLD-USD	+0.0202%	1h	4,346.2	+0.048%	$4.2M	$2.0M	20x	as long as short
Bullet GOLD-USD	+0.0205%	1h	4,346.5	+0.055%	$59K	$82K	10x	as long as short
Kraken Futures PF_XAUUSD	+0.0259%	1h	4,343.2	−0.020%	$590K	$135K	25x	as long as short
Bitget XAUUSDT	+0.0276%	4h	4,346.8	+0.061%	$71.1M	$108.9M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0331%	8h	4,347.3	+0.073%	$167.4M	$283.3M	100x	as long as short
BloFin XAU-USDT	+0.0360%	4h	4,346.2	+0.048%	$15.8M	$4.4M	100x	as long as short
HTX XAU-USDT	+0.0384%	4h	4,347.9	+0.087%	$2.8M	$4.6M	75x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0428% / S −0.0252%	1h	4,346.5	+0.055%	$250K	—	111x	as long as short