Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.005%

Price spread now: MEXC against Lighter RH−0.052%7-day average +0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs+$1as in the Funding arb table

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

costs, in and out, $10k−$60.061% of the position

Long on Lighter RH Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.067%+$7 on $10k

Price spread, last 7 days+0.089%+$9 · spread now −0.052%, 7d avg +0.015%

Together, before fees+0.156%+ Points / potential airdropLighter RH: Points live · farm board+$16 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.066% cheaper against Lighter RH than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH XAU	4,325.8	0.0096	pay 0.0012% / 1h	43m 55s	$19.8M	$38.5M	25x
Short	MEXC XAU_USDT	4,323.5	0.0100	get 0.0050% / 4h	1h 43m	$362.1M	$327.8M	1000x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.052%Rate

Funding earned: $0.84
Price spread: −0.052% → +0.015%: −$6.65
Slippage, 4 orders: −$2.05
Fee Lighter RH: 0 bp × 2 orders: $0
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$11.86
Costs to cover: 0.061%
Break-even: 105.8 days

Slippage from Lighter RH: live order book, 5 min ago; MEXC: 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 MEXC live order book, 5 min ago	0.04 bp	2.0 bp −$2	2.0 bp −$20	2.7 bp −$273	16.8 bp −$8,394

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	−0.191%	$25K	$14K	20x	as long as short
Hotstuff GOLD-PERP	0.0000%	1h	4,318.6	−0.165%	$32K	—	25x	as long as short
SunX XAU-USDT	0.0000%	4h	4,327.4	+0.038%	$92K	$7.9M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,320.4	−0.124%	$270K	—	250x	as long as short
Bybit XAUUSDT	+0.0009%	4h	4,324.5	−0.029%	$77.4M	$156.8M	150x	as long as short
Extended XAU-USD	+0.0032%	1h	4,320.1	−0.130%	$13.2M	$36.7M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.570%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,323.3	−0.057%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0042%	1h	4,322.3	−0.080%	$5.4M	$2.1M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,356.2	+0.704%	—	$1.0M	25x	as long as short

Show 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	−0.126%	$291.5M	$51.7M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,319.2	−0.151%	$15.0M	$55.7M	25x	as long as short
Lighter XAU	+0.0056%	1h	4,323.6	−0.050%	$20.3M	$30.4M	25x	as long as short
Kalshi KXGOLDPERP	+0.0071%	24h	4,325.3	−0.010%	$3.9M	$43.4M	15x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,319.7	−0.140%	$2.1M	$4.9M	25x	as long as short
Paradex XAU-USD-PERP	+0.0073%	8h	4,323.4	−0.054%	$19K	$5K	5x	as long as short
Aster XAUUSD1	+0.0077%	4h	4,325	−0.017%	$72.5M	$306.3M	20x	as long as short
GRVT XAU_USDT_Perp	+0.0084%	4h	4,319.7	−0.140%	$1.4M	$3.0M	25x	as long as short
Gate XAU_USDT	+0.0086%	4h	4,325.8	+0.002%	$282.3M	$412.6M	100x	as long as short
Variational Omni XAU	+0.0095%	4h	4,320.7	−0.116%	$47.3M	$29.2M	—	as long as short
Lighter RH XAUlong	+0.0096%	1h	4,325.8	long leg	$19.8M	$38.5M	25x
Phoenix GOLD	+0.0100%	1h	4,319.8	−0.138%	$47K	$79K	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,319.7	−0.141%	$1.4M	$1.2M	10x	as long as short
MEXC XAU_USDTshort	+0.0100%	4h	4,323.5	−0.052%	$362.1M	$327.8M	1000x
ApeX Omni XAUUSDT	+0.0100%	1h	4,317.3	−0.195%	$272K	$208K	50x	as long as short
Binance XAUUSDT	+0.0101%	4h	4,323.8	−0.046%	$415.7M	$2.14B	100x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,323	−0.064%	$160K	$87	10x	as long as short
edgeX XAUUSDC	+0.0117%	4h	4,316.5	−0.214%	$30.0M	$61.3M	50x	as long as short
Kraken Futures PF_XAUUSD	+0.0153%	1h	4,320.8	−0.114%	$584K	$134K	25x	as long as short
RISEx XAU/USDC	+0.0184%	1h	4,325.7	−0.001%	$4.2M	$12.8M	25x	as long as short
Bullet GOLD-USD	+0.0190%	1h	4,323.7	−0.047%	$59K	$82K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0215%	1h	4,323.8	−0.045%	$4.3M	$1.9M	20x	as long as short
HTX XAU-USDT	+0.0220%	4h	4,326.5	+0.018%	$2.8M	$4.9M	75x	as long as short
Bitget XAUUSDT	+0.0234%	4h	4,323.7	−0.047%	$68.0M	$119.3M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0314%	8h	4,324.4	−0.031%	$170.4M	$297.4M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0329%	1h	4,324	−0.040%	$192K	$831K	25x	as long as short
BloFin XAU-USDT	+0.0342%	4h	4,323.3	−0.058%	$16.1M	$4.6M	100x	as long as short
Phemex XAUUSDT	+0.0386%	4h	4,325.9	+0.003%	$2.2M	$966K	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0463% / S −0.0307%	1h	4,323.8	−0.045%	$253K	—	111x	as long as short