XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0088%/8h= −9.6% APRnext payment −$0.11 per $10,000 · paid last 24h −0.008%

Price spread now: Coinbase International against Lighter RH−0.119%7-day average −0.116% · you buy dearer than you sell

Net, funding: paid 7d − costs+$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$13as in the Price arb table

costs, in and out, $10k−$130.131% of the position

Long on Lighter RH Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.436%+$44 on $10k

Price spread, last 4 days (all we have)+0.041%+$4 · spread now −0.119%, 7d avg −0.116%

Together, before fees+0.477%+ Points / potential airdropLighter RH: Points live · farm board+$48 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.116%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.436%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH XAU	4,338.6	0.0088	pay 0.0011% / 1h	47m 39s	$19.7M	$39.9M	25x
Short	Coinbase International GOLD-PERP-INTX	4,333.4	0	get 0.0000% / 1h	47m 39s	$2.1M	$5.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Lighter RH. 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 Lighter RHbpFee Coinbase InternationalbpOrdersPrice spread, now −0.119%Rate

Funding earned: −$18.48
Price spread: −0.119% → −0.116%: −$0.32
Slippage, 4 orders: −$3.15
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$31.94
Costs to cover: 0.131%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 4 min ago; Coinbase International: live order book, 4 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 RH live order book, 4 min ago	0.88 bp	0.9 bp −$1	0.9 bp −$9	13.0 bp −$1,298	doesn't fit
Sell Coinbase International live order book, 4 min ago	0.12 bp	5.1 bp −$5	7.8 bp −$78	doesn't fit	doesn't fit

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	−3.0304%	1h	4,318.3	−0.467%	$32K	—	25x	as long as short
Bluefin GOLD-PERP	−0.0063%	1h	4,332	−0.152%	$25K	$1K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,342.5	+0.091%	$92K	$6.0M	20x	as long as short
Coinbase International GOLD-PERP-INTXshort	0.0000%	1h	4,333.4	−0.119%	$2.1M	$5.3M	25x
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,335.1	−0.080%	$304K	—	250x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0004%	1h	4,337.1	−0.033%	$135K	$707K	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.274%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,338.4	−0.003%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0041%	1h	4,336.5	−0.047%	$6.7M	$3.2M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,372	+0.771%	—	$1.0M	25x	as long as short

Show all 39 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:GOLD	+0.0050%	1h	4,333.5	−0.116%	$292.5M	$51.5M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,333.1	−0.126%	$15.1M	$59.4M	25x	as long as short
Paradex XAU-USD-PERP	+0.0054%	8h	4,336.9	−0.037%	$2K	$13K	5x	as long as short
Aster XAUUSD1	+0.0059%	4h	4,338	−0.013%	$72.4M	$276.0M	20x	as long as short
Polymarket Perps GOLD-USD	+0.0061%	1h	4,337.5	−0.024%	$4.3M	$1.7M	20x	as long as short
Variational Omni XAU	+0.0079%	4h	4,338.5	−0.001%	$47.3M	$29.2M	—	as long as short
Lighter XAU	+0.0080%	1h	4,336.2	−0.055%	$20.2M	$30.3M	25x	as long as short
Gate XAU_USDT	+0.0082%	4h	4,338.6	+0.001%	$298.6M	$443.9M	100x	as long as short
Lighter RH XAUlong	+0.0088%	1h	4,338.6	long leg	$19.7M	$39.9M	25x
Binance XAUUSDT	+0.0097%	4h	4,336.5	−0.048%	$442.8M	$2.43B	100x	as long as short
MEXC XAU_USDT	+0.0098%	4h	4,336.7	−0.043%	$367.8M	$352.2M	1000x	as long as short
Pacifica XAU	+0.0100%	1h	4,333.2	−0.123%	$1.4M	$1.3M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,336.2	−0.055%	$285K	$223K	50x	as long as short
GRVT XAU_USDT_Perp	+0.0102%	4h	4,338.3	−0.006%	$1.4M	$3.1M	25x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,337.1	−0.033%	$161K	$87	10x	as long as short
edgeX XAUUSDC	+0.0118%	4h	4,335.5	−0.070%	$30.3M	$67.5M	50x	as long as short
Extended XAU-USD	+0.0120%	1h	4,333.4	−0.119%	$12.5M	$34.7M	25x	as long as short
Bybit XAUUSDT	+0.0121%	4h	4,337.7	−0.019%	$82.5M	$172.7M	150x	as long as short
Phoenix GOLD	+0.0127%	1h	4,335.4	−0.073%	$43K	$71K	25x	as long as short
Kalshi KXGOLDPERP	+0.0136%	24h	4,339.5	+0.022%	$3.5M	$51.1M	15x	as long as short
Bullet GOLD-USD	+0.0169%	1h	4,338.7	+0.004%	$59K	$76K	10x	as long as short
RISEx XAU/USDC	+0.0205%	1h	4,337.9	−0.015%	$4.7M	$13.2M	25x	as long as short
Phemex XAUUSDT	+0.0209%	4h	4,340.2	+0.038%	$2.3M	$784K	100x	as long as short
Bitget XAUUSDT	+0.0214%	4h	4,337.4	−0.027%	$72.9M	$139.5M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0238%	8h	4,338.2	−0.008%	$170.8M	$361.8M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0253%	1h	4,335.7	−0.065%	$584K	$169K	25x	as long as short
BloFin XAU-USDT	+0.0339%	4h	4,337.8	−0.017%	$16.3M	$5.3M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0461% / S −0.0308%	1h	4,338.7	+0.003%	$254K	—	111x	as long as short
HTX XAU-USDT	+0.1087%	4h	4,344.8	+0.144%	$3.2M	$7.1M	75x	as long as short