XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0044%/8h= −4.8% APRnext payment −$0.06 per $10,000 · paid last 24h −0.009%

Price spread now: Lighter against Pacifica+0.050%7-day average +0.046% · you sell dearer than you buy

Net, funding: paid 7d − costs−$8as in the Funding arb table

Net, price: spread back to 7d avg − costs−$10as in the Price arb table

costs, in and out, $10k−$110.107% of the position

Long on Pacifica Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.023%+$2 on $10k

Price spread, last 7 days+0.028%+$3 · spread now +0.050%, 7d avg +0.046%

Together, before fees+0.051%+ Points / potential airdropPacifica: Active · Lighter: Season 3 · farm board+$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.046%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica XAU	4,330.9	0.0100	pay 0.0013% / 1h	34m 30s	$1.4M	$1.2M	10x
Short	Lighter XAU	4,333.1	0.0056	get 0.0007% / 1h	34m 30s	$20.6M	$30.6M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Pacifica. 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 PacificabpFee LighterbpOrdersPrice spread, now +0.050%Rate

Funding earned: −$9.24
Price spread: +0.050% → +0.046%: $0.4
Slippage, 4 orders: −$2.65
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$19.49
Costs to cover: 0.107%
Break-even: never at this rate

Slippage from Pacifica: live order book, 4 min ago; Lighter: live order book, 4 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 Pacifica live order book, 4 min ago	0.12 bp	4.6 bp −$5	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 4 min ago	0.45 bp	0.5 bp −$1	1.6 bp −$16	8.6 bp −$863	19.9 bp −$9,967

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
Hotstuff GOLD-PERP	0.0000%	1h	4,331.3	+0.009%	$32K	—	25x	as long as short
SunX XAU-USDT	0.0000%	4h	4,340.7	+0.226%	$92K	$8.4M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,332	+0.026%	$271K	—	250x	as long as short
Extended XAU-USD	+0.0032%	1h	4,330.4	−0.012%	$13.2M	$37.2M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.451%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,337.9	+0.162%	$3.8M	$4.5M	40x	as long as short
Bluefin GOLD-PERP	+0.0043%	1h	4,330	−0.020%	$25K	$14K	20x	as long as short
QFEX GOLD-USD	+0.0044%	1h	4,334.3	+0.079%	$5.4M	$2.1M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,367.8	+0.852%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,331.3	+0.009%	$292.4M	$50.1M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps XAU-USD.P	+0.0050%	1h	4,330.8	−0.003%	$15.0M	$56.5M	25x	as long as short
RISEx XAU/USDC	+0.0054%	1h	4,334.8	+0.090%	$3.7M	$12.3M	25x	as long as short
Lighter XAUshort	+0.0056%	1h	4,333.1	+0.050%	$20.6M	$30.6M	25x
Kalshi KXGOLDPERP	+0.0056%	24h	4,335.8	+0.113%	$4.2M	$39.7M	15x	as long as short
Gate XAU_USDT	+0.0060%	4h	4,336.3	+0.124%	$271.9M	$400.8M	100x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,334.1	+0.074%	$2.1M	$4.7M	25x	as long as short
Paradex XAU-USD-PERP	+0.0073%	8h	4,334	+0.071%	$19K	$5K	5x	as long as short
Bybit XAUUSDT	+0.0076%	4h	4,335.8	+0.112%	$79.7M	$152.8M	150x	as long as short
Lighter RH XAU	+0.0096%	1h	4,335.9	+0.115%	$20.0M	$38.4M	25x	as long as short
Pacifica XAUlong	+0.0100%	1h	4,330.9	long leg	$1.4M	$1.2M	10x
ApeX Omni XAUUSDT	+0.0100%	1h	4,336.7	+0.134%	$276K	$204K	50x	as long as short
Variational Omni XAU	+0.0109%	4h	4,335.3	+0.101%	$48.3M	$27.5M	—	as long as short
Aster XAUUSD1	+0.0112%	4h	4,336.4	+0.126%	$71.4M	$331.3M	20x	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,336	+0.118%	$161K	$87	10x	as long as short
MEXC XAU_USDT	+0.0118%	4h	4,334.7	+0.087%	$367.5M	$320.4M	1000x	as long as short
edgeX XAUUSDC	+0.0120%	4h	4,336.6	+0.131%	$30.2M	$58.3M	50x	as long as short
Binance XAUUSDT	+0.0121%	4h	4,334.8	+0.090%	$417.5M	$2.10B	100x	as long as short
Phoenix GOLD	+0.0127%	1h	4,341.6	+0.247%	$47K	$77K	25x	as long as short
GRVT XAU_USDT_Perp	+0.0132%	4h	4,340	+0.209%	$1.4M	$2.9M	25x	as long as short
Bullet GOLD-USD	+0.0164%	1h	4,336.8	+0.135%	$59K	$82K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0171%	1h	4,336.1	+0.120%	$4.2M	$2.0M	20x	as long as short
Kraken Futures PF_XAUUSD	+0.0247%	1h	4,333.5	+0.060%	$590K	$129K	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0258%	1h	4,335.1	+0.097%	$202K	$823K	25x	as long as short
HTX XAU-USDT	+0.0260%	4h	4,339.3	+0.193%	$2.8M	$4.7M	75x	as long as short
Bitget XAUUSDT	+0.0284%	4h	4,335.1	+0.097%	$71.8M	$108.6M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0340%	8h	4,335	+0.095%	$170.0M	$286.7M	100x	as long as short
Phemex XAUUSDT	+0.0346%	4h	4,340.2	+0.216%	$2.2M	$960K	100x	as long as short
BloFin XAU-USDT	+0.0375%	4h	4,337.4	+0.149%	$15.9M	$4.4M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0449% / S −0.0284%	1h	4,336.6	+0.132%	$250K	—	111x	as long as short