Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0096%/8h= −10.5% APRpaid last 24h −0.017%

Price spread now: Gate against Lighter RH−0.005%7-day average +0.046% · you buy dearer than you sell

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$170.168% of the position

Long on Lighter RH Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.055%−$5 on $10k

Price spread, last 7 days+0.076%+$8 · spread now −0.005%, 7d avg +0.046%

Together, before fees+0.022%+ Points / potential airdropLighter RH: Points live · farm board+$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Gate is 0.051% cheaper against Lighter RH than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.046%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH XAU	4,363.2	0.0096	pay 0.0012% / 1h	28m 32s	$20.2M	$41.0M	25x
Short	Gate XAU_USDT	4,363	0	get 0.0000% / 4h	3h 28m	$265.5M	$415.1M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.005%Rate

Funding earned: −$20.16
Price spread: −0.005% → +0.046%: −$5.07
Slippage, 4 orders: −$1.77
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$42
Costs to cover: 0.168%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 5 min ago; Gate: 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 RH live order book, 5 min ago	0.76 bp	0.8 bp −$1	1.5 bp −$15	16.4 bp −$1,643	doesn't fit
Sell Gate live order book, 6 min ago	0.01 bp	7.5 bp −$8	9.2 bp −$92	13.7 bp −$1,368	17.2 bp −$8,615

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	4,360.8	−0.054%	$71.0M	$200.3M	20x	as long as short
Gate XAU_USDTshort	0.0000%	4h	4,363	−0.005%	$265.5M	$415.1M	100x
Variational Omni XAU	0.0000%	4h	4,362.5	−0.016%	$48.0M	$28.0M	—	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,360	−0.073%	$4.0M	$36.4M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,366.6	+0.078%	$93K	$10.3M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,358.2	−0.114%	$267K	—	250x	as long as short
Hotstuff GOLD-PERP	+0.0008%	1h	4,358.7	−0.103%	$33K	—	25x	as long as short
MEXC XAU_USDT	+0.0014%	4h	4,361.6	−0.036%	$373.5M	$326.6M	1000x	as long as short
Binance XAUUSDT	+0.0016%	4h	4,361.5	−0.039%	$411.9M	$2.15B	100x	as long as short
edgeX XAUUSDC	+0.0017%	4h	4,356.7	−0.149%	$30.3M	$60.6M	50x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.293%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,363	−0.005%	$3.8M	$4.7M	40x	as long as short
QFEX GOLD-USD	+0.0045%	1h	4,361.7	−0.034%	$5.6M	$1.9M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,395.9	+0.749%	—	$1.0M	25x	as long as short
RISEx XAU/USDC	+0.0048%	1h	4,361.9	−0.030%	$3.4M	$12.3M	25x	as long as short
Bitget XAUUSDT	+0.0048%	4h	4,361.7	−0.034%	$69.6M	$113.3M	100x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,358.2	−0.115%	$293.9M	$52.6M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,357.4	−0.133%	$14.7M	$57.3M	25x	as long as short
Phoenix GOLD	+0.0055%	1h	4,360.2	−0.069%	$48K	$64K	25x	as long as short
BloFin XAU-USDT	+0.0057%	4h	4,363.5	+0.006%	$15.5M	$4.5M	100x	as long as short
Lighter XAU	+0.0072%	1h	4,360.9	−0.053%	$20.6M	$43.9M	25x	as long as short
Paradex XAU-USD-PERP	+0.0080%	8h	4,361.8	−0.032%	$19K	$5K	5x	as long as short
Aevo XAU-PERP	+0.0088%	1h	4,361.8	−0.033%	$162K	$87	10x	as long as short
Lighter RH XAUlong	+0.0096%	1h	4,363.2	long leg	$20.2M	$41.0M	25x
Coinbase International GOLD-PERP-INTX	+0.0096%	1h	4,360.1	−0.071%	$2.0M	$5.1M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,358.4	−0.110%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,360.8	−0.056%	$275K	$204K	50x	as long as short
Bybit XAUUSDT	+0.0111%	4h	4,362.9	−0.008%	$83.1M	$143.8M	150x	as long as short
Extended XAU-USD	+0.0120%	1h	4,357.7	−0.126%	$13.5M	$43.9M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0128%	1h	4,361.2	−0.046%	$4.3M	$1.8M	20x	as long as short
Bluefin GOLD-PERP	+0.0138%	1h	4,354.6	−0.198%	$26K	$22K	20x	as long as short
GRVT XAU_USDT_Perp	+0.0152%	4h	4,362.7	−0.011%	$1.4M	$3.1M	25x	as long as short
OKX XAU-USDT-SWAP	+0.0196%	8h	4,363.3	+0.002%	$165.6M	$286.3M	100x	as long as short
Bullet GOLD-USD	+0.0214%	1h	4,362.5	−0.016%	$59K	$82K	10x	as long as short
Kraken Futures PF_XAUUSD	+0.0225%	1h	4,359.4	−0.087%	$595K	$150K	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0232%	1h	4,360.6	−0.060%	$235K	$656K	25x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0389% / S −0.0197%	1h	4,362.4	−0.019%	$252K	—	111x	as long as short
Phemex XAUUSDT	+0.0511%	4h	4,365.2	+0.045%	$2.2M	$1.1M	100x	as long as short
HTX XAU-USDT	+0.0611%	4h	4,367	+0.087%	$2.9M	$3.9M	75x	as long as short