Funding you earn now, next payment 09:00 UTC−0.0112%/8h= −12.3% APRnext payment −$0.14 per $10,000 · paid last 24h −0.014%
Price spread now: Hotstuff against Lighter RH−0.117%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter RH: Points live · Hotstuff: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Hotstuff is 0.117% cheaper against Lighter RH than usual: you would sell low and buy high (−$12 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH XAU | 4,299.9 | 0.0112 | pay 0.0014% / 1h | 25m 02s | $19.7M | $40.4M | 25x |
| Short | Hotstuff GOLD-PERP | 4,294.9 | 0 | get 0.0000% / 1h | 25m 02s | $32K | — | 25x |
Lighter RH XAU
Hotstuff GOLD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hotstuff 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$23.52
- Price spread: −0.117% → 0.000%
- −$11.67
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Net
- −$40.19
- Costs to cover
- 0.050%
- Break-even
- never at this rate
Slippage unknown: Lighter RH: live order book, 4 min ago; Hotstuff: no order-book sample. Net counts fees only.
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 | 1.34 bp | 1.4 bp −$1 | 1.5 bp −$15 | 17.0 bp −$1,697 | doesn't fit |
| Sell Hotstuff no order-book sample | — | — | — | — | — |
Hotstuff: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff GOLD-PERPshort | 0.0000% | 1h | 4,294.9 | −0.117% | $32K | — | 25x | |
| SunX XAU-USDT | 0.0000% | 4h | 4,301.8 | +0.045% | $91K | $6.7M | 20x | as long as short |
| gTrade (Gains Network) XAU/USD | L +0.0002% / S −0.0003% | 1h | 4,294.2 | −0.133% | $272K | — | 250x | as long as short |
| Injective XAU/USDC PERP | +0.0033% | 1h | 4,350.4 | +1.174% | $619 | $54 | 52x | as long as short |
| StandX XAU-USD | +0.0040% | 1h | 4,299.8 | −0.003% | $3.8M | $4.5M | 40x | as long as short |
| Vest GC-PERP | +0.0046% | 1h | 4,330.1 | +0.702% | — | $1.0M | 25x | as long as short |
| QFEX GOLD-USD | +0.0046% | 1h | 4,297.3 | −0.061% | $6.6M | $3.1M | 20x | as long as short |
| tradeXYZ xyz:GOLD | +0.0050% | 1h | 4,295.5 | −0.103% | $290.3M | $54.9M | 25x | as long as short |
| Polymarket Perps GOLD-USD | +0.0050% | 1h | 4,294.5 | −0.126% | $4.3M | $1.8M | 20x | as long as short |
| Ondo Perps XAU-USD.P | +0.0050% | 1h | 4,294.9 | −0.118% | $15.0M | $55.9M | 25x | as long as short |
SunX XAU-USDT
gTrade (Gains Network) XAU/USD
Injective XAU/USDC PERP
StandX XAU-USD
Vest GC-PERP
QFEX GOLD-USD
tradeXYZ xyz:GOLD
Polymarket Perps GOLD-USD
Ondo Perps XAU-USD.PShow all 39 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster XAUUSD1 | +0.0054% | 4h | 4,299.5 | −0.009% | $73.3M | $271.6M | 20x | as long as short |
| Coinbase International GOLD-PERP-INTX | +0.0056% | 1h | 4,292.4 | −0.175% | $2.0M | $5.1M | 25x | as long as short |
| Paradex XAU-USD-PERP | +0.0061% | 8h | 4,296.7 | −0.074% | $2K | $13K | 5x | as long as short |
| Bybit XAUUSDT | +0.0077% | 4h | 4,300.1 | +0.003% | $77.4M | $159.6M | 150x | as long as short |
| Lighter XAU | +0.0080% | 1h | 4,297.5 | −0.056% | $20.2M | $29.5M | 25x | as long as short |
| Phoenix GOLD | +0.0095% | 1h | 4,298.2 | −0.040% | $42K | $86K | 25x | as long as short |
| Variational Omni XAU | +0.0095% | 4h | 4,295.8 | −0.096% | $46.6M | $29.4M | — | as long as short |
| Extended XAU-USD | +0.0096% | 1h | 4,295.3 | −0.108% | $13.0M | $36.1M | 25x | as long as short |
| Pacifica XAU | +0.0100% | 1h | 4,293.8 | −0.143% | $1.4M | $1.2M | 10x | as long as short |
| ApeX Omni XAUUSDT | +0.0100% | 1h | 4,297.8 | −0.049% | $273K | $219K | 50x | as long as short |
| MEXC XAU_USDT | +0.0108% | 4h | 4,298.1 | −0.042% | $359.7M | $345.6M | 1000x | as long as short |
| Binance XAUUSDT | +0.0109% | 4h | 4,298.8 | −0.027% | $434.7M | $2.25B | 100x | as long as short |
| Lighter RH XAUlong | +0.0112% | 1h | 4,299.9 | long leg | $19.7M | $40.4M | 25x | |
| Aevo XAU-PERP | +0.0112% | 1h | 4,297.3 | −0.061% | $159K | $87 | 10x | as long as short |
| Kalshi KXGOLDPERP | +0.0113% | 24h | 4,299.7 | −0.005% | $3.6M | $47.1M | 15x | as long as short |
| edgeX XAUUSDC | +0.0116% | 4h | 4,297 | −0.068% | $29.9M | $61.9M | 50x | as long as short |
| RISEx XAU/USDC | +0.0126% | 1h | 4,297.6 | −0.053% | $4.4M | $13.1M | 25x | as long as short |
| GRVT XAU_USDT_Perp | +0.0138% | 4h | 4,302.6 | +0.061% | $1.4M | $3.1M | 25x | as long as short |
| Gate XAU_USDT | +0.0164% | 4h | 4,300.8 | +0.021% | $300.3M | $434.1M | 100x | as long as short |
| Deribit GOLD_USDC-PERPETUAL | +0.0169% | 1h | 4,297.1 | −0.066% | $133K | $852K | 25x | as long as short |
| Bitget XAUUSDT | +0.0196% | 4h | 4,299.4 | −0.011% | $70.0M | $127.1M | 100x | as long as short |
| Bullet GOLD-USD | +0.0198% | 1h | 4,298 | −0.045% | $58K | $81K | 10x | as long as short |
| OKX XAU-USDT-SWAP | +0.0248% | 8h | 4,299.9 | 0.000% | $169.4M | $339.0M | 100x | as long as short |
| Kraken Futures PF_XAUUSD | +0.0329% | 1h | 4,295.3 | −0.108% | $572K | $139K | 25x | as long as short |
| BloFin XAU-USDT | +0.0401% | 4h | 4,298 | −0.045% | $16.3M | $5.0M | 100x | as long as short |
| GMX GOLD/USD [ETH-USDC] | L +0.0464% / S −0.0312% | 1h | 4,297.7 | −0.052% | $253K | — | 111x | as long as short |
| Phemex XAUUSDT | +0.0926% | 4h | 4,303 | +0.072% | $2.2M | $974K | 100x | as long as short |
| HTX XAU-USDT | +0.1120% | 4h | 4,304.2 | +0.099% | $3.2M | $6.8M | 75x | as long as short |
| Bluefin GOLD-PERP | +0.2889% | 1h | 4,292.1 | −0.182% | $25K | $1K | 20x | as long as short |
Aster XAUUSD1
Coinbase International GOLD-PERP-INTX
Paradex XAU-USD-PERP
Bybit XAUUSDT
Lighter XAU
Phoenix GOLD
Variational Omni XAU
Extended XAU-USD
Pacifica XAU
ApeX Omni XAUUSDT
MEXC XAU_USDT
Binance XAUUSDT
Aevo XAU-PERP
Kalshi KXGOLDPERP
edgeX XAUUSDC
RISEx XAU/USDC
GRVT XAU_USDT_Perp
Gate XAU_USDT
Deribit GOLD_USDC-PERPETUAL
Bitget XAUUSDT
Bullet GOLD-USD
OKX XAU-USDT-SWAP
Kraken Futures PF_XAUUSD
BloFin XAU-USDT
GMX GOLD/USD [ETH-USDC]
Phemex XAUUSDT
HTX XAU-USDT
Bluefin GOLD-PERP