Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0012%/8h= +1.3% APRpaid last 24h −0.005%

Price spread now: Lighter RH against MEXC+0.040%7-day average −0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$13as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1as in the Price arb table

costs, in and out, $10k−$60.062% of the position

Long on MEXC Short on Lighter RH

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−0.077%−$8 · spread now +0.040%, 7d avg −0.015%

Together, before fees−0.144%+ Points / potential airdropLighter RH: Points live · farm board−$14 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Lighter RH is 0.054% dearer against MEXC than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.015%. Mind the row above: over the last 7 days funding on this pair cost −0.067%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC XAU_USDT	4,323.8	0.0100	pay 0.0050% / 4h	56m 02s	$365.0M	$324.5M	1000x
Short	Lighter RH XAU	4,325.5	0.0112	get 0.0014% / 1h	56m 02s	$20.0M	$38.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against MEXC. 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 MEXCbpFee Lighter RHbpOrdersPrice spread, now +0.040%Rate

Funding earned: $2.52
Price spread: +0.040% → −0.015%: $5.45
Slippage, 4 orders: −$2.19
Fee MEXC: 2 bp × 2 orders: −$4
Fee Lighter RH: 0 bp × 2 orders: $0
Net: $1.78
Costs to cover: 0.062%
Break-even: 2.0 days

Slippage from MEXC: live order book, 3 min ago; Lighter RH: live order book, 3 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 MEXC live order book, 3 min ago	0.04 bp	2.0 bp −$2	2.0 bp −$20	2.3 bp −$227	21.8 bp −$10.9K
Sell Lighter RH live order book, 3 min ago	0.57 bp	0.6 bp −$1	2.0 bp −$20	6.1 bp −$608	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	−0.0106%	1h	4,318	−0.133%	$25K	$1K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,328.9	+0.119%	$92K	$7.5M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,320.3	−0.080%	$270K	—	250x	as long as short
Bybit XAUUSDT	+0.0026%	4h	4,324.4	+0.014%	$76.9M	$153.7M	150x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.617%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,324.6	+0.019%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0045%	1h	4,323	−0.018%	$5.4M	$2.0M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,356.6	+0.760%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,320.3	−0.080%	$291.4M	$51.6M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,319.3	−0.102%	$15.0M	$55.7M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XAU	+0.0056%	1h	4,322.8	−0.022%	$20.3M	$28.8M	25x	as long as short
Hotstuff GOLD-PERP	+0.0056%	1h	4,320.6	−0.073%	$32K	—	25x	as long as short
Aster XAUUSD1	+0.0059%	4h	4,325.9	+0.049%	$72.7M	$272.9M	20x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,319.3	−0.103%	$2.1M	$4.8M	25x	as long as short
Paradex XAU-USD-PERP	+0.0073%	8h	4,322.8	−0.021%	$2K	$14K	5x	as long as short
Kalshi KXGOLDPERP	+0.0086%	24h	4,325.2	+0.033%	$3.8M	$44.2M	15x	as long as short
Variational Omni XAU	+0.0094%	4h	4,321.5	−0.053%	$47.2M	$29.1M	—	as long as short
GRVT XAU_USDT_Perp	+0.0098%	4h	4,321.8	−0.045%	$1.4M	$3.0M	25x	as long as short
Phoenix GOLD	+0.0100%	1h	4,319.5	−0.099%	$47K	$79K	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,320	−0.087%	$1.4M	$1.2M	10x	as long as short
MEXC XAU_USDTlong	+0.0100%	4h	4,323.8	long leg	$365.0M	$324.5M	1000x
ApeX Omni XAUUSDT	+0.0100%	1h	4,318.8	−0.115%	$272K	$208K	50x	as long as short
Binance XAUUSDT	+0.0100%	4h	4,324.3	+0.013%	$424.7M	$2.14B	100x	as long as short
Gate XAU_USDT	+0.0102%	4h	4,325.7	+0.045%	$279.4M	$408.2M	100x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,323.4	−0.009%	$160K	$87	10x	as long as short
edgeX XAUUSDC	+0.0110%	4h	4,319	−0.111%	$30.1M	$59.2M	50x	as long as short
Lighter RH XAUshort	+0.0112%	1h	4,325.5	+0.040%	$20.0M	$38.5M	25x
Extended XAU-USD	+0.0136%	1h	4,319.8	−0.092%	$13.0M	$36.4M	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0190%	1h	4,322.6	−0.027%	$163K	$861K	25x	as long as short
Bullet GOLD-USD	+0.0190%	1h	4,324.6	+0.019%	$59K	$81K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0203%	1h	4,324.4	+0.015%	$4.3M	$2.0M	20x	as long as short
Bitget XAUUSDT	+0.0206%	4h	4,323.5	−0.007%	$68.5M	$118.5M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0228%	1h	4,321.5	−0.053%	$578K	$136K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0292%	8h	4,324.2	+0.010%	$173.3M	$300.1M	100x	as long as short
BloFin XAU-USDT	+0.0340%	4h	4,324.8	+0.025%	$16.4M	$4.6M	100x	as long as short
HTX XAU-USDT	+0.0346%	4h	4,330.3	+0.150%	$3.2M	$5.8M	75x	as long as short
Phemex XAUUSDT	+0.0360%	4h	4,325.9	+0.050%	$2.2M	$975K	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0462% / S −0.0307%	1h	4,324.6	+0.019%	$253K	—	111x	as long as short
RISEx XAU/USDC	+0.0643%	1h	4,326.2	+0.057%	$4.1M	$12.9M	25x	as long as short