Funding you earn now, next payment 07:00 UTC−0.0040%/8h= −4.4% APRnext payment −$0.05 per $10,000 · paid last 24h −0.010%
Price spread now: Lighter against Lighter RH−0.065%7-day average −0.034% · you buy dearer than you sell
Net, funding: paid 7d − costs+$2as in the Funding arb table
Net, price: spread back to 7d avg − costs−$7as in the Price arb table
costs, in and out, $10k−$40.039% of the position
Funding, last 7 days+0.059%+$6 on $10k
+Price spread, last 7 days+0.080%+$8 · spread now −0.065%, 7d avg −0.034%
=Together, before fees+0.139%+ Points / potential airdropLighter RH: Points live · Lighter: Season 3 · farm board+$14 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 Lighter is 0.031% cheaper against Lighter RH than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.034%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.059%, 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 | 4,325.3 | 0.0096 | pay 0.0012% / 1h | 44m 18s | $19.8M | $38.5M | 25x |
| Short | Lighter XAU | 4,322.5 | 0.0056 | get 0.0007% / 1h | 44m 18s | $20.3M | $30.3M | 25x |
Lighter RH XAU
Lighter XAUFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- −$8.4
- Price spread: −0.065% → −0.034%
- −$3.11
- Slippage, 4 orders
- −$3.88
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$15.39
- Costs to cover
- 0.039%
- Break-even
- never at this rate
Slippage from Lighter RH: live order book, 5 min ago; Lighter: 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 RH live order book, 5 min ago | 0.94 bp | 1.0 bp −$1 | 1.9 bp −$19 | 16.4 bp −$1,640 | doesn't fit |
| Sell Lighter live order book, 5 min ago | 0.53 bp | 0.9 bp −$1 | 2.6 bp −$26 | 9.2 bp −$923 | 20.8 bp −$10.4K |
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 | −0.0115% | 1h | 4,317.5 | −0.181% | $25K | $14K | 20x | as long as short |
| Hotstuff GOLD-PERP | 0.0000% | 1h | 4,318.6 | −0.155% | $32K | — | 25x | as long as short |
| SunX XAU-USDT | 0.0000% | 4h | 4,327.4 | +0.049% | $92K | $7.9M | 20x | as long as short |
| gTrade (Gains Network) XAU/USD | L +0.0002% / S −0.0003% | 1h | 4,320.4 | −0.114% | $270K | — | 250x | as long as short |
| Bybit XAUUSDT | +0.0009% | 4h | 4,324.7 | −0.013% | $77.4M | $156.8M | 150x | as long as short |
| Extended XAU-USD | +0.0032% | 1h | 4,320.3 | −0.116% | $13.2M | $36.7M | 25x | as long as short |
| Injective XAU/USDC PERP | +0.0033% | 1h | 4,350.4 | +0.581% | $619 | $54 | 52x | as long as short |
| StandX XAU-USD | +0.0040% | 1h | 4,323.3 | −0.046% | $3.8M | $4.5M | 40x | as long as short |
| QFEX GOLD-USD | +0.0042% | 1h | 4,322.3 | −0.069% | $5.4M | $2.1M | 20x | as long as short |
| Vest GC-PERP | +0.0046% | 1h | 4,356.2 | +0.714% | — | $1.0M | 25x | as long as short |
Bluefin GOLD-PERP
Hotstuff GOLD-PERP
SunX XAU-USDT
gTrade (Gains Network) XAU/USD
Bybit XAUUSDT
Extended XAU-USD
Injective XAU/USDC PERP
StandX XAU-USD
QFEX GOLD-USD
Vest GC-PERPShow all 39 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:GOLD | +0.0050% | 1h | 4,320.3 | −0.116% | $291.5M | $51.7M | 25x | as long as short |
| Ondo Perps XAU-USD.P | +0.0050% | 1h | 4,319.2 | −0.141% | $15.0M | $55.7M | 25x | as long as short |
| Lighter XAUshort | +0.0056% | 1h | 4,322.5 | −0.065% | $20.3M | $30.3M | 25x | |
| Kalshi KXGOLDPERP | +0.0071% | 24h | 4,324.8 | −0.012% | $3.9M | $43.3M | 15x | as long as short |
| Coinbase International GOLD-PERP-INTX | +0.0072% | 1h | 4,319.7 | −0.129% | $2.1M | $4.9M | 25x | as long as short |
| Paradex XAU-USD-PERP | +0.0073% | 8h | 4,323.4 | −0.044% | $19K | $5K | 5x | as long as short |
| Aster XAUUSD1 | +0.0077% | 4h | 4,325 | −0.006% | $72.5M | $306.3M | 20x | as long as short |
| GRVT XAU_USDT_Perp | +0.0084% | 4h | 4,319.7 | −0.130% | $1.4M | $3.0M | 25x | as long as short |
| Gate XAU_USDT | +0.0086% | 4h | 4,325.8 | +0.012% | $282.3M | $412.6M | 100x | as long as short |
| Variational Omni XAU | +0.0095% | 4h | 4,320.7 | −0.105% | $47.3M | $29.2M | — | as long as short |
| Lighter RH XAUlong | +0.0096% | 1h | 4,325.3 | long leg | $19.8M | $38.5M | 25x | |
| Phoenix GOLD | +0.0100% | 1h | 4,319.8 | −0.127% | $47K | $79K | 25x | as long as short |
| Pacifica XAU | +0.0100% | 1h | 4,319.7 | −0.131% | $1.4M | $1.2M | 10x | as long as short |
| MEXC XAU_USDT | +0.0100% | 4h | 4,323.6 | −0.039% | $362.1M | $327.7M | 1000x | as long as short |
| ApeX Omni XAUUSDT | +0.0100% | 1h | 4,317.3 | −0.184% | $272K | $208K | 50x | as long as short |
| Binance XAUUSDT | +0.0101% | 4h | 4,323.7 | −0.036% | $415.7M | $2.14B | 100x | as long as short |
| Aevo XAU-PERP | +0.0104% | 1h | 4,323 | −0.054% | $160K | $87 | 10x | as long as short |
| edgeX XAUUSDC | +0.0117% | 4h | 4,316.5 | −0.204% | $30.0M | $61.3M | 50x | as long as short |
| Kraken Futures PF_XAUUSD | +0.0153% | 1h | 4,320.8 | −0.104% | $584K | $134K | 25x | as long as short |
| RISEx XAU/USDC | +0.0184% | 1h | 4,325.7 | +0.010% | $4.2M | $12.8M | 25x | as long as short |
| Bullet GOLD-USD | +0.0190% | 1h | 4,323.7 | −0.037% | $59K | $82K | 10x | as long as short |
| Polymarket Perps GOLD-USD | +0.0215% | 1h | 4,323.8 | −0.035% | $4.3M | $1.9M | 20x | as long as short |
| HTX XAU-USDT | +0.0220% | 4h | 4,326 | +0.015% | $2.8M | $4.9M | 75x | as long as short |
| Bitget XAUUSDT | +0.0234% | 4h | 4,324.1 | −0.028% | $68.1M | $119.3M | 100x | as long as short |
| OKX XAU-USDT-SWAP | +0.0314% | 8h | 4,324.4 | −0.021% | $170.4M | $297.4M | 100x | as long as short |
| Deribit GOLD_USDC-PERPETUAL | +0.0329% | 1h | 4,324 | −0.030% | $192K | $831K | 25x | as long as short |
| BloFin XAU-USDT | +0.0342% | 4h | 4,323.3 | −0.047% | $16.1M | $4.6M | 100x | as long as short |
| Phemex XAUUSDT | +0.0396% | 4h | 4,324.3 | −0.022% | $2.2M | $962K | 100x | as long as short |
| GMX GOLD/USD [ETH-USDC] | L +0.0463% / S −0.0307% | 1h | 4,323.8 | −0.035% | $253K | — | 111x | as long as short |
tradeXYZ xyz:GOLD
Ondo Perps XAU-USD.P
Kalshi KXGOLDPERP
Coinbase International GOLD-PERP-INTX
Paradex XAU-USD-PERP
Aster XAUUSD1
GRVT XAU_USDT_Perp
Gate XAU_USDT
Variational Omni XAU
Phoenix GOLD
Pacifica XAU
MEXC XAU_USDT
ApeX Omni XAUUSDT
Binance XAUUSDT
Aevo XAU-PERP
edgeX XAUUSDC
Kraken Futures PF_XAUUSD
RISEx XAU/USDC
Bullet GOLD-USD
Polymarket Perps GOLD-USD
HTX XAU-USDT
Bitget XAUUSDT
OKX XAU-USDT-SWAP
Deribit GOLD_USDC-PERPETUAL
BloFin XAU-USDT
Phemex XAUUSDT
GMX GOLD/USD [ETH-USDC]