XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0022%/8h= −2.4% APRnext payment −$0.03 per $10,000 · paid last 24h −0.015%

Price spread now: tradeXYZ against Lighter RH−0.111%7-day average −0.073% · you buy dearer than you sell

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$220.223% of the position

Long on Lighter RH Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.047%+$5 on $10k

Price spread, last 7 days+0.099%+$10 · spread now −0.111%, 7d avg −0.073%

Together, before fees+0.146%+ Points / potential airdropLighter RH: Points live · tradeXYZ: Active · farm board+$15 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 tradeXYZ is 0.038% cheaper against Lighter RH than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.073%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH XAU	4,334.3	0.0072	pay 0.0009% / 1h	9m 07s	$19.9M	$39.0M	25x
Short	tradeXYZ xyz:GOLD	4,329.5	0.0050	get 0.0006% / 1h	9m 07s	$292.0M	$51.6M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.111%Rate

Funding earned: −$4.62
Price spread: −0.111% → −0.073%: −$3.82
Slippage, 4 orders: −$4.3
Fee Lighter RH: 0 bp × 2 orders: $0
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$30.74
Costs to cover: 0.223%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 5 min ago; tradeXYZ: live order book, 11 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	1.24 bp	1.2 bp −$1	1.4 bp −$14	16.8 bp −$1,682	doesn't fit
Sell tradeXYZ live order book, 11 min ago	0.12 bp	9.1 bp −$9	9.1 bp −$91	10.0 bp −$1,004	doesn't fit

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	−0.0052%	1h	4,327.8	−0.151%	$25K	$14K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,338.3	+0.091%	$92K	$8.1M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,330.6	−0.086%	$271K	—	250x	as long as short
Bybit XAUUSDT	+0.0006%	4h	4,333.7	−0.015%	$78.4M	$156.7M	150x	as long as short
Extended XAU-USD	+0.0032%	1h	4,330.5	−0.088%	$13.1M	$36.8M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.371%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,333.7	−0.015%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0044%	1h	4,332.7	−0.038%	$5.5M	$2.1M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,367	+0.754%	—	$1.0M	25x	as long as short
Lighter XAU	+0.0048%	1h	4,332.1	−0.052%	$20.4M	$31.8M	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:GOLDshort	+0.0050%	1h	4,329.5	−0.111%	$292.0M	$51.6M	25x
Ondo Perps XAU-USD.P	+0.0050%	1h	4,330.4	−0.090%	$15.0M	$56.5M	25x	as long as short
RISEx XAU/USDC	+0.0054%	1h	4,335.5	+0.026%	$3.8M	$12.5M	25x	as long as short
Kalshi KXGOLDPERP	+0.0063%	24h	4,334.8	+0.011%	$4.0M	$42.2M	15x	as long as short
Gate XAU_USDT	+0.0064%	4h	4,334.1	−0.004%	$272.5M	$417.1M	100x	as long as short
Lighter RH XAUlong	+0.0072%	1h	4,334.3	long leg	$19.9M	$39.0M	25x
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,330	−0.100%	$2.0M	$4.8M	25x	as long as short
Paradex XAU-USD-PERP	+0.0072%	8h	4,334.2	−0.003%	$19K	$5K	5x	as long as short
Aster XAUUSD1	+0.0097%	4h	4,334.4	+0.001%	$72.3M	$330.2M	20x	as long as short
Pacifica XAU	+0.0100%	1h	4,330.5	−0.088%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,330	−0.099%	$273K	$208K	50x	as long as short
Variational Omni XAU	+0.0101%	4h	4,331.5	−0.066%	$46.8M	$28.6M	—	as long as short
Hotstuff GOLD-PERP	+0.0104%	1h	4,331.4	−0.068%	$32K	—	25x	as long as short
GRVT XAU_USDT_Perp	+0.0104%	4h	4,333.5	−0.020%	$1.4M	$3.0M	25x	as long as short
MEXC XAU_USDT	+0.0110%	4h	4,333.1	−0.028%	$364.0M	$330.8M	1000x	as long as short
Binance XAUUSDT	+0.0111%	4h	4,333	−0.030%	$414.7M	$2.12B	100x	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,333.3	−0.024%	$160K	$87	10x	as long as short
edgeX XAUUSDC	+0.0126%	4h	4,327.8	−0.151%	$30.1M	$60.3M	50x	as long as short
Phoenix GOLD	+0.0127%	1h	4,326.6	−0.178%	$47K	$77K	25x	as long as short
Bullet GOLD-USD	+0.0160%	1h	4,334.7	+0.008%	$58K	$82K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0177%	1h	4,334.4	+0.002%	$4.2M	$2.0M	20x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0212%	1h	4,332.5	−0.042%	$195K	$827K	25x	as long as short
HTX XAU-USDT	+0.0233%	4h	4,336.9	+0.060%	$2.8M	$5.0M	75x	as long as short
Kraken Futures PF_XAUUSD	+0.0247%	1h	4,331	−0.078%	$590K	$130K	25x	as long as short
Bitget XAUUSDT	+0.0254%	4h	4,332.8	−0.036%	$68.1M	$119.0M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0331%	8h	4,333	−0.031%	$170.6M	$297.4M	100x	as long as short
BloFin XAU-USDT	+0.0357%	4h	4,333.3	−0.023%	$16.0M	$4.5M	100x	as long as short
Phemex XAUUSDT	+0.0381%	4h	4,335.2	+0.019%	$2.2M	$962K	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0460% / S −0.0303%	1h	4,334.7	+0.008%	$253K	—	111x	as long as short