XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0024%/8h= −2.6% APRnext payment −$0.03 per $10,000 · paid last 24h −0.003%

Price spread now: Lighter RH against Polymarket Perps+0.077%7-day average +0.062% · 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−$10as in the Price arb table

costs, in and out, $10k−$110.114% of the position

Long on Polymarket Perps Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days−0.016%−$2 on $10k

Price spread, last 7 days−0.042%−$4 · spread now +0.077%, 7d avg +0.062%

Together, before fees−0.058%+ Points / potential airdropLighter RH: Points live · farm board−$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.062%, 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	Polymarket Perps GOLD-USD	4,373.5	0.0096	pay 0.0012% / 1h	51m 03s	$4.3M	$1.8M	20x
Short	Lighter RH XAU	4,376.9	0.0072	get 0.0009% / 1h	51m 03s	$20.2M	$40.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Polymarket Perps. 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 Polymarket PerpsbpFee Lighter RHbpOrdersPrice spread, now +0.077%Rate

Funding earned: −$5.01
Price spread: +0.077% → +0.062%: $1.48
Slippage, 4 orders: −$3.42
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$14.95
Costs to cover: 0.114%
Break-even: never at this rate

Slippage from Polymarket Perps: 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 Polymarket Perps live order book, 3 min ago	0.11 bp	4.9 bp −$5	5.2 bp −$52	5.7 bp −$572	doesn't fit
Sell Lighter RH live order book, 3 min ago	0.81 bp	0.8 bp −$1	1.6 bp −$16	5.3 bp −$532	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
Hotstuff GOLD-PERP	−0.0032%	1h	4,372.8	−0.016%	$33K	—	25x	as long as short
Bluefin GOLD-PERP	−0.0019%	1h	4,367.9	−0.128%	$26K	$22K	20x	as long as short
Aster XAUUSD1	0.0000%	4h	4,375.4	+0.043%	$72.0M	$211.8M	20x	as long as short
Binance XAUUSDT	0.0000%	4h	4,374.8	+0.030%	$410.1M	$2.15B	100x	as long as short
Gate XAU_USDT	0.0000%	4h	4,376.1	+0.058%	$266.4M	$408.3M	100x	as long as short
MEXC XAU_USDT	0.0000%	4h	4,375.3	+0.040%	$374.3M	$321.0M	1000x	as long as short
Bitget XAUUSDT	0.0000%	4h	4,374.8	+0.029%	$69.7M	$114.5M	100x	as long as short
Variational Omni XAU	0.0000%	4h	4,374.3	+0.019%	$48.7M	$27.9M	—	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,373.1	−0.009%	$4.0M	$36.6M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,379.3	+0.132%	$93K	$10.4M	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,371.2	−0.052%	$268K	—	250x	as long as short
edgeX XAUUSDC	+0.0007%	4h	4,369.8	−0.084%	$30.4M	$60.0M	50x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.528%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,376.1	+0.059%	$3.8M	$4.7M	40x	as long as short
QFEX GOLD-USD	+0.0045%	1h	4,375.1	+0.037%	$5.6M	$1.9M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,409.6	+0.825%	—	$1.0M	25x	as long as short
RISEx XAU/USDC	+0.0048%	1h	4,375	+0.034%	$3.4M	$12.3M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,371.9	−0.037%	$294.7M	$52.4M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,370.1	−0.077%	$14.7M	$57.1M	25x	as long as short
Phoenix GOLD	+0.0055%	1h	4,373.6	+0.002%	$48K	$64K	25x	as long as short
Paradex XAU-USD-PERP	+0.0067%	8h	4,376.1	+0.060%	$19K	$5K	5x	as long as short
Lighter XAU	+0.0072%	1h	4,374.5	+0.022%	$20.8M	$43.3M	25x	as long as short
Lighter RH XAUshort	+0.0072%	1h	4,376.9	+0.077%	$20.2M	$40.8M	25x
Aevo XAU-PERP	+0.0080%	1h	4,373.2	−0.008%	$162K	$87	10x	as long as short
Bybit XAUUSDT	+0.0083%	4h	4,375	+0.033%	$83.1M	$144.3M	150x	as long as short
Polymarket Perps GOLD-USDlong	+0.0096%	1h	4,373.5	long leg	$4.3M	$1.8M	20x
Coinbase International GOLD-PERP-INTX	+0.0096%	1h	4,371.1	−0.055%	$2.0M	$5.1M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,372.9	−0.014%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,372.7	−0.019%	$277K	$204K	50x	as long as short
Extended XAU-USD	+0.0104%	1h	4,371.1	−0.055%	$13.3M	$44.1M	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0116%	1h	4,373.4	−0.002%	$236K	$655K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0167%	8h	4,376.1	+0.059%	$160.8M	$280.5M	100x	as long as short
Bullet GOLD-USD	+0.0194%	1h	4,375.2	+0.039%	$59K	$82K	10x	as long as short
Kraken Futures PF_XAUUSD	+0.0225%	1h	4,372.3	−0.027%	$596K	$154K	25x	as long as short
GRVT XAU_USDT_Perp	+0.0234%	4h	4,375.8	+0.053%	$1.4M	$3.1M	25x	as long as short
BloFin XAU-USDT	+0.0240%	4h	4,375.2	+0.040%	$14.8M	$4.6M	100x	as long as short
Phemex XAUUSDT	+0.0308%	4h	4,377	+0.081%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0390% / S −0.0197%	1h	4,375.2	+0.040%	$252K	—	111x	as long as short
HTX XAU-USDT	+0.0521%	4h	4,379.2	+0.131%	$2.9M	$3.8M	75x	as long as short