XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0006%/8h= +0.6% APRnext payment +$0.01 per $10,000 · paid last 24h +0.023%

Price spread now: Lighter RH against Ondo Perps+0.135%7-day average +0.115% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Ondo Perps Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.022%+$2 on $10k

Price spread, last 7 days−0.051%−$5 · spread now +0.135%, 7d avg +0.115%

Together, before fees−0.029%+ Points / potential airdropOndo Perps: Active · Lighter RH: Points live · farm board−$3 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: Lighter RH is 0.021% dearer against Ondo Perps than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.115%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps XAU-USD.P	4,367	0.0050	pay 0.0006% / 1h	14m 48s	$14.7M	$57.0M	25x
Short	Lighter RH XAU	4,372.9	0.0056	get 0.0007% / 1h	14m 48s	$20.2M	$42.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Ondo Perps. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Ondo PerpsbpFee Lighter RHbpOrdersPrice spread, now +0.135%Rate

Funding earned: $1.18
Price spread: +0.135% → +0.115%: $2.05
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$1.77
Costs to cover: 0.050%
Break-even: 17.5 days

Slippage unknown: Ondo Perps: no order-book sample; Lighter RH: live order book, 4 min ago. 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Lighter RH live order book, 4 min ago	0.64 bp	0.7 bp −$1	0.8 bp −$8	3.8 bp −$380	doesn't fit

Ondo Perps: 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
Bluefin GOLD-PERP	−0.0230%	1h	4,363.3	−0.085%	$26K	$22K	20x	as long as short
Hotstuff GOLD-PERP	−0.0008%	1h	4,366.9	−0.002%	$33K	—	25x	as long as short
Phoenix GOLD	−0.0004%	1h	4,370.3	+0.076%	$48K	$65K	25x	as long as short
Aster XAUUSD1	0.0000%	4h	4,371.6	+0.107%	$71.9M	$224.8M	20x	as long as short
Binance XAUUSDT	0.0000%	4h	4,371.6	+0.106%	$410.9M	$2.14B	100x	as long as short
Bybit XAUUSDT	0.0000%	4h	4,372.3	+0.121%	$82.8M	$142.6M	150x	as long as short
RISEx XAU/USDC	0.0000%	1h	4,371	+0.093%	$3.4M	$12.3M	25x	as long as short
Gate XAU_USDT	0.0000%	4h	4,372.3	+0.122%	$267.5M	$417.7M	100x	as long as short
MEXC XAU_USDT	0.0000%	4h	4,371.5	+0.103%	$376.2M	$324.1M	1000x	as long as short
Bitget XAUUSDT	0.0000%	4h	4,372	+0.116%	$69.6M	$113.4M	100x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni XAU	0.0000%	4h	4,370.5	+0.080%	$48.5M	$29.3M	—	as long as short
GRVT XAU_USDT_Perp	0.0000%	4h	4,371	+0.093%	$1.4M	$3.1M	25x	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,368.2	+0.028%	$4.0M	$36.2M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,375	+0.183%	$93K	$10.5M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,366.5	−0.011%	$268K	—	250x	as long as short
edgeX XAUUSDC	+0.0009%	4h	4,365.9	−0.025%	$30.4M	$59.4M	50x	as long as short
QFEX GOLD-USD	+0.0032%	1h	4,370	+0.069%	$5.4M	$1.9M	20x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.379%	$619	$54	52x	as long as short
Lighter XAU	+0.0040%	1h	4,370.3	+0.076%	$20.8M	$44.9M	25x	as long as short
StandX XAU-USD	+0.0040%	1h	4,371.8	+0.111%	$3.8M	$4.7M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,404.8	+0.866%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,367.6	+0.014%	$294.3M	$52.5M	25x	as long as short
Ondo Perps XAU-USD.Plong	+0.0050%	1h	4,367	long leg	$14.7M	$57.0M	25x
Paradex XAU-USD-PERP	+0.0054%	8h	4,370.5	+0.081%	$19K	$5K	5x	as long as short
Lighter RH XAUshort	+0.0056%	1h	4,372.9	+0.135%	$20.2M	$42.3M	25x
Extended XAU-USD	+0.0064%	1h	4,367.6	+0.015%	$13.1M	$45.5M	25x	as long as short
Aevo XAU-PERP	+0.0080%	1h	4,369.9	+0.068%	$162K	$87	10x	as long as short
Pacifica XAU	+0.0100%	1h	4,367.4	+0.010%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,368.6	+0.036%	$277K	$204K	50x	as long as short
Polymarket Perps GOLD-USD	+0.0104%	1h	4,370	+0.069%	$4.3M	$1.8M	20x	as long as short
Bullet GOLD-USD	+0.0111%	1h	4,370.7	+0.085%	$59K	$81K	10x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0152%	1h	4,367.2	+0.005%	$2.0M	$5.1M	25x	as long as short
OKX XAU-USDT-SWAP	+0.0162%	8h	4,372.1	+0.117%	$158.6M	$274.5M	100x	as long as short
HTX XAU-USDT	+0.0186%	4h	4,377	+0.230%	$2.8M	$3.8M	75x	as long as short
Kraken Futures PF_XAUUSD	+0.0219%	1h	4,368.1	+0.026%	$603K	$137K	25x	as long as short
BloFin XAU-USDT	+0.0240%	4h	4,370.9	+0.090%	$14.8M	$4.5M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0254%	1h	4,369.8	+0.065%	$235K	$736K	25x	as long as short
Phemex XAUUSDT	+0.0320%	4h	4,370.9	+0.090%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0389% / S −0.0197%	1h	4,370.7	+0.085%	$252K	—	111x	as long as short