Funding you earn now, next payment 22:00 UTC−0.0068%/8h= −7.4% APRnext payment −$0.09 per $10,000 · paid last 24h +0.020%
Price spread now: Lighter RH against Pacifica+0.046%7-day average +0.080% · 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−$14as in the Price arb table
costs, in and out, $10k−$100.104% of the position
Funding, last 7 days−0.025%−$3 on $10k
+Price spread, last 7 days+0.058%+$6 · spread now +0.046%, 7d avg +0.080%
=Together, before fees+0.033%+ Points / potential airdropPacifica: Active · Lighter RH: Points live · farm board+$3 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Lighter RH is 0.034% cheaper against Pacifica than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.080%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica XAU | 4,342.3 | 0.0100 | pay 0.0013% / 1h | 1m 07s | $1.4M | $1.3M | 10x |
| Short | Lighter RH XAU | 4,344.3 | 0.0032 | get 0.0004% / 1h | 1m 07s | $20.2M | $45.1M | 25x |
Pacifica XAU
Lighter RH XAUFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Pacifica. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$14.28
- Price spread: +0.046% → +0.080%
- −$3.39
- Slippage, 4 orders
- −$2.42
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$28.09
- Costs to cover
- 0.104%
- Break-even
- never at this rate
Slippage from Pacifica: 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 Pacifica live order book, 3 min ago | 0.12 bp | 4.2 bp −$4 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 3 min ago | 0.74 bp | 1.0 bp −$1 | 2.1 bp −$21 | 20.9 bp −$2,085 | doesn't fit |
XAU on 38 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 | −0.0570% | 1h | 4,337 | −0.123% | $26K | $21K | 20x | as long as short |
| Aster XAUUSD1 | 0.0000% | 4h | 4,344.1 | +0.040% | $71.1M | $240.6M | 20x | as long as short |
| Binance XAUUSDT | 0.0000% | 4h | 4,344.5 | +0.050% | $411.5M | $2.11B | 100x | as long as short |
| Bybit XAUUSDT | 0.0000% | 4h | 4,345.1 | +0.064% | $82.6M | $144.7M | 150x | as long as short |
| Gate XAU_USDT | 0.0000% | 4h | 4,345.9 | +0.083% | $273.9M | $413.8M | 100x | as long as short |
| MEXC XAU_USDT | 0.0000% | 4h | 4,343.5 | +0.027% | $371.4M | $350.9M | 1000x | as long as short |
| Bitget XAUUSDT | 0.0000% | 4h | 4,345 | +0.062% | $67.3M | $113.9M | 100x | as long as short |
| Variational Omni XAU | 0.0000% | 4h | 4,341.5 | −0.018% | $47.8M | $33.8M | — | as long as short |
| GRVT XAU_USDT_Perp | 0.0000% | 4h | 4,342 | −0.007% | $1.4M | $3.3M | 25x | as long as short |
| Kalshi KXGOLDPERP | 0.0000% | 24h | 4,342.4 | +0.002% | $3.9M | $34.1M | 15x | as long as short |
Bluefin GOLD-PERP
Aster XAUUSD1
Binance XAUUSDT
Bybit XAUUSDT
Gate XAU_USDT
MEXC XAU_USDT
Bitget XAUUSDT
Variational Omni XAU
GRVT XAU_USDT_Perp
Kalshi KXGOLDPERPShow all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bullet GOLD-USD | 0.0000% | 1h | 4,344.3 | +0.046% | $59K | $84K | 10x | as long as short |
| SunX XAU-USDT | 0.0000% | 4h | 4,348.5 | +0.143% | $92K | $10.9M | 20x | as long as short |
| HTX XAU-USDT | 0.0000% | 4h | 4,348.7 | +0.148% | $2.8M | $3.8M | 75x | as long as short |
| edgeX XAUUSDC | +0.0010% | 4h | 4,337.8 | −0.104% | $30.2M | $58.0M | 50x | as long as short |
| Lighter XAU | +0.0032% | 1h | 4,341.9 | −0.010% | $20.7M | $46.8M | 25x | as long as short |
| Lighter RH XAUshort | +0.0032% | 1h | 4,344.3 | +0.046% | $20.2M | $45.1M | 25x | |
| Extended XAU-USD | +0.0032% | 1h | 4,343.2 | +0.020% | $13.2M | $50.6M | 25x | as long as short |
| tradeXYZ xyz:GOLD | +0.0032% | 1h | 4,340 | −0.053% | $292.2M | $53.7M | 25x | as long as short |
| Injective XAU/USDC PERP | +0.0033% | 1h | 4,350.4 | +0.187% | $619 | $54 | 52x | as long as short |
| StandX XAU-USD | +0.0040% | 1h | 4,342.7 | +0.009% | $3.8M | $4.7M | 40x | as long as short |
| Vest GC-PERP | +0.0046% | 1h | 4,381.9 | +0.912% | — | $995K | 25x | as long as short |
| Polymarket Perps GOLD-USD | +0.0050% | 1h | 4,342.2 | −0.003% | $4.3M | $2.3M | 20x | as long as short |
| Ondo Perps XAU-USD.P | +0.0050% | 1h | 4,342.7 | +0.009% | $14.3M | $54.8M | 25x | as long as short |
| Paradex XAU-USD-PERP | +0.0050% | 8h | 4,344.2 | +0.044% | $19K | $6K | 5x | as long as short |
| QFEX GOLD-USD | +0.0052% | 1h | 4,344 | +0.039% | $5.5M | $1.9M | 20x | as long as short |
| Coinbase International GOLD-PERP-INTX | +0.0072% | 1h | 4,340.6 | −0.039% | $2.0M | $5.2M | 25x | as long as short |
| Aevo XAU-PERP | +0.0080% | 1h | 4,342.6 | +0.007% | $161K | $87 | 10x | as long as short |
| Pacifica XAUlong | +0.0100% | 1h | 4,342.3 | long leg | $1.4M | $1.3M | 10x | |
| ApeX Omni XAUUSDT | +0.0100% | 1h | 4,343 | +0.016% | $272K | $204K | 50x | as long as short |
| Phoenix GOLD | +0.0109% | 1h | 4,343.4 | +0.025% | $47K | $69K | 25x | as long as short |
| Hotstuff GOLD-PERP | +0.0136% | 1h | 4,339.7 | −0.060% | $33K | — | 25x | as long as short |
| OKX XAU-USDT-SWAP | +0.0174% | 8h | 4,345.6 | +0.076% | $158.1M | $274.8M | 100x | as long as short |
| RISEx XAU/USDC | +0.0190% | 1h | 4,343.9 | +0.037% | $3.4M | $12.6M | 25x | as long as short |
| BloFin XAU-USDT | +0.0240% | 4h | 4,344.4 | +0.048% | $14.8M | $4.3M | 100x | as long as short |
| Kraken Futures PF_XAUUSD | +0.0333% | 1h | 4,341.9 | −0.010% | $599K | $157K | 25x | as long as short |
| Phemex XAUUSDT | +0.0389% | 4h | 4,344.8 | +0.058% | $2.2M | $1.1M | 100x | as long as short |
| GMX GOLD/USD [ETH-USDC] | L +0.0450% / S −0.0246% | 1h | 4,344.4 | +0.047% | $251K | — | 29x | as long as short |
| Deribit GOLD_USDC-PERPETUAL | +0.0695% | 1h | 4,342.6 | +0.007% | $221K | $878K | 25x | as long as short |
Bullet GOLD-USD
SunX XAU-USDT
HTX XAU-USDT
edgeX XAUUSDC
Lighter XAU
Extended XAU-USD
tradeXYZ xyz:GOLD
Injective XAU/USDC PERP
StandX XAU-USD
Vest GC-PERP
Polymarket Perps GOLD-USD
Ondo Perps XAU-USD.P
Paradex XAU-USD-PERP
QFEX GOLD-USD
Coinbase International GOLD-PERP-INTX
Aevo XAU-PERP
ApeX Omni XAUUSDT
Phoenix GOLD
Hotstuff GOLD-PERP
OKX XAU-USDT-SWAP
RISEx XAU/USDC
BloFin XAU-USDT
Kraken Futures PF_XAUUSD
Phemex XAUUSDT
GMX GOLD/USD [ETH-USDC]
Deribit GOLD_USDC-PERPETUAL