XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0054%/8h= −5.9% APRnext payment −$0.07 per $10,000 · paid last 24h −0.008%

Price spread now: Lighter against RISEx−0.014%7-day average −0.050% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$4as in the Price arb table

costs, in and out, $10k−$80.076% of the position

Long on RISEx Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.030%−$3 on $10k

Price spread, last 7 days−0.007%−$1 · spread now −0.014%, 7d avg −0.050%

Together, before fees−0.038%+ Points / potential airdropLighter: Season 3 · farm board−$4 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter is 0.036% dearer against RISEx than usual: you sell high and buy low (spread −0.014% now, against its 7-day average of −0.050%): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx XAU/USDC	4,304.9	0.0126	pay 0.0016% / 1h	59m 25s	$4.4M	$13.1M	25x
Short	Lighter XAU	4,304.3	0.0072	get 0.0009% / 1h	59m 25s	$20.2M	$28.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against RISEx. 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 RISExbpFee LighterbpOrdersPrice spread, now −0.014%Rate

Funding earned: −$11.3
Price spread: −0.014% → −0.050%: $3.65
Slippage, 4 orders: −$1.58
Fee RISEx: 3 bp × 2 orders: −$6
Fee Lighter: 0 bp × 2 orders: $0
Net: −$15.24
Costs to cover: 0.076%
Break-even: never at this rate

Slippage from RISEx: live order book, 5 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 RISEx live order book, 5 min ago	0.01 bp	3.2 bp −$3	3.7 bp −$37	36.0 bp −$3,597	doesn't fit
Sell Lighter live order book, 4 min ago	0.43 bp	0.4 bp $0	1.6 bp −$16	9.9 bp −$990	21.6 bp −$10.8K

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
Bybit XAUUSDT	0.0000%	4h	4,305.1	+0.003%	$77.0M	$156.5M	150x	as long as short
SunX XAU-USDT	0.0000%	4h	4,309.7	+0.111%	$92K	$7.0M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,300.5	−0.103%	$268K	—	250x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+1.057%	$619	$54	52x	as long as short
QFEX GOLD-USD	+0.0045%	1h	4,304	−0.021%	$6.6M	$3.1M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,336.8	+0.741%	—	$1.0M	25x	as long as short
Hotstuff GOLD-PERP	+0.0048%	1h	4,301.3	−0.084%	$32K	—	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,300.6	−0.100%	$289.9M	$53.5M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0050%	1h	4,306	+0.025%	$4.3M	$1.8M	20x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,301.2	−0.086%	$15.0M	$55.4M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster XAUUSD1	+0.0058%	4h	4,306.2	+0.029%	$72.9M	$272.1M	20x	as long as short
Paradex XAU-USD-PERP	+0.0062%	8h	4,304.3	−0.015%	$2K	$14K	5x	as long as short
Lighter XAUshort	+0.0072%	1h	4,304.3	−0.014%	$20.2M	$28.2M	25x
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,301.1	−0.089%	$2.0M	$5.1M	25x	as long as short
Extended XAU-USD	+0.0096%	1h	4,300.7	−0.097%	$13.1M	$36.3M	25x	as long as short
Phoenix GOLD	+0.0096%	1h	4,302.4	−0.059%	$42K	$79K	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,301.5	−0.079%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,303.7	−0.028%	$269K	$214K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,301.5	−0.080%	$25K	$1K	20x	as long as short
Kalshi KXGOLDPERP	+0.0101%	24h	4,306.9	+0.046%	$3.6M	$45.7M	15x	as long as short
Variational Omni XAU	+0.0102%	4h	4,304.4	−0.011%	$46.7M	$29.3M	—	as long as short
Lighter RH XAU	+0.0104%	1h	4,306.5	+0.038%	$19.8M	$39.0M	25x	as long as short
MEXC XAU_USDT	+0.0112%	4h	4,304.9	0.000%	$362.2M	$329.8M	1000x	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,304.8	−0.003%	$159K	$87	10x	as long as short
Binance XAUUSDT	+0.0115%	4h	4,304.7	−0.005%	$428.4M	$2.19B	100x	as long as short
Gate XAU_USDT	+0.0120%	4h	4,307	+0.048%	$291.6M	$415.5M	100x	as long as short
GRVT XAU_USDT_Perp	+0.0120%	4h	4,305	+0.002%	$1.4M	$3.0M	25x	as long as short
edgeX XAUUSDC	+0.0123%	4h	4,304	−0.022%	$29.9M	$60.6M	50x	as long as short
RISEx XAU/USDClong	+0.0126%	1h	4,304.9	long leg	$4.4M	$13.1M	25x
Bullet GOLD-USD	+0.0166%	1h	4,305	+0.002%	$59K	$81K	10x	as long as short
StandX XAU-USD	+0.0189%	1h	4,306.6	+0.039%	$3.8M	$4.5M	40x	as long as short
Bitget XAUUSDT	+0.0192%	4h	4,304.8	−0.003%	$70.9M	$122.8M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0229%	1h	4,302.8	−0.049%	$572K	$138K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0256%	8h	4,304.8	−0.003%	$171.5M	$316.2M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0261%	1h	4,304.7	−0.005%	$135K	$868K	25x	as long as short
BloFin XAU-USDT	+0.0421%	4h	4,305	+0.002%	$16.6M	$4.9M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0466% / S −0.0313%	1h	4,305.2	+0.007%	$254K	—	111x	as long as short
Phemex XAUUSDT	+0.0512%	4h	4,310.9	+0.140%	$2.2M	$950K	100x	as long as short
HTX XAU-USDT	+0.0555%	4h	4,312.5	+0.176%	$3.2M	$6.2M	75x	as long as short