Funding you earn now, next payment 05:00 UTC−0.0050%/8h= −5.4% APRpaid last 24h −0.001%
Price spread now: Lighter RH against Variational Omni+0.071%7-day average −0.012% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.006%+$1 on $10k
+Price spread, last 7 days−0.097%−$10 · spread now +0.071%, 7d avg −0.012%
=Together, before fees−0.091%+ Points / potential airdropVariational Omni: Active · Lighter RH: Points live · farm board−$9 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter RH is 0.083% dearer against Variational Omni than usual: you sell high and buy low (spread +0.071% now, against its 7-day average of −0.012%): +$8 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 5.6 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni XAU | 4,340.8 | 0.0082 | pay 0.0041% / 4h | 3h 48m | $48.4M | $27.6M | — |
| Short | Lighter RH XAU | 4,343.9 | 0.0032 | get 0.0004% / 1h | 48m 13s | $20.0M | $39.2M | 25x |
Variational Omni XAU
Lighter RH XAUFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Variational Omni. 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
- −$10.43
- Price spread: +0.071% → −0.012%
- $8.29
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$2.14
- Costs to cover
- 0.000%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Lighter RH: live order book, 6 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 Variational Omni RFQ quote, 1 min ago | 1.55 bp | doesn't fit | 1.6 bp −$16 | 4.4 bp −$437 | doesn't fit |
| Sell Lighter RH live order book, 6 min ago | 0.01 bp | 1.4 bp −$1 | 1.8 bp −$18 | 4.9 bp −$494 | 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 | |
|---|---|---|---|---|---|---|---|---|
| SunX XAU-USDT | 0.0000% | 4h | 4,346.6 | +0.134% | $92K | $8.7M | 20x | as long as short |
| gTrade (Gains Network) XAU/USD | L +0.0002% / S −0.0003% | 1h | 4,338.8 | −0.046% | $271K | — | 250x | as long as short |
| RISEx XAU/USDC | +0.0005% | 1h | 4,341.4 | +0.013% | $3.5M | $12.2M | 25x | as long as short |
| Bluefin GOLD-PERP | +0.0012% | 1h | 4,335.8 | −0.116% | $25K | $14K | 20x | as long as short |
| Lighter RH XAUshort | +0.0032% | 1h | 4,343.9 | +0.071% | $20.0M | $39.2M | 25x | |
| Extended XAU-USD | +0.0032% | 1h | 4,338.6 | −0.050% | $13.3M | $37.9M | 25x | as long as short |
| Injective XAU/USDC PERP | +0.0033% | 1h | 4,350.4 | +0.221% | $619 | $54 | 52x | as long as short |
| StandX XAU-USD | +0.0040% | 1h | 4,341.7 | +0.020% | $3.8M | $4.5M | 40x | as long as short |
| QFEX GOLD-USD | +0.0042% | 1h | 4,340.7 | −0.003% | $5.7M | $2.0M | 20x | as long as short |
| Vest GC-PERP | +0.0046% | 1h | 4,374.6 | +0.778% | — | $1.0M | 25x | as long as short |
SunX XAU-USDT
gTrade (Gains Network) XAU/USD
RISEx XAU/USDC
Bluefin GOLD-PERP
Extended XAU-USD
Injective XAU/USDC PERP
StandX XAU-USD
QFEX GOLD-USD
Vest GC-PERPShow all 39 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:GOLD | +0.0050% | 1h | 4,340.4 | −0.010% | $293.5M | $49.0M | 25x | as long as short |
| Ondo Perps XAU-USD.P | +0.0050% | 1h | 4,338.8 | −0.048% | $15.1M | $56.8M | 25x | as long as short |
| Kalshi KXGOLDPERP | +0.0051% | 24h | 4,338.8 | −0.046% | $4.3M | $37.5M | 15x | as long as short |
| Bybit XAUUSDT | +0.0055% | 4h | 4,343.9 | +0.071% | $80.5M | $150.6M | 150x | as long as short |
| Lighter XAU | +0.0056% | 1h | 4,342 | +0.026% | $20.8M | $34.5M | 25x | as long as short |
| Coinbase International GOLD-PERP-INTX | +0.0056% | 1h | 4,340.1 | −0.016% | $2.1M | $4.8M | 25x | as long as short |
| Gate XAU_USDT | +0.0060% | 4h | 4,345 | +0.096% | $267.7M | $411.6M | 100x | as long as short |
| Hotstuff GOLD-PERP | +0.0064% | 1h | 4,338.2 | −0.060% | $33K | — | 25x | as long as short |
| Aster XAUUSD1 | +0.0073% | 4h | 4,343.8 | +0.070% | $71.5M | $332.5M | 20x | as long as short |
| Paradex XAU-USD-PERP | +0.0081% | 8h | 4,342.1 | +0.029% | $19K | $5K | 5x | as long as short |
| Variational Omni XAUlong | +0.0082% | 4h | 4,340.8 | long leg | $48.4M | $27.6M | — | |
| MEXC XAU_USDT | +0.0096% | 4h | 4,343.4 | +0.059% | $372.6M | $317.4M | 1000x | as long as short |
| Binance XAUUSDT | +0.0099% | 4h | 4,343.1 | +0.053% | $415.0M | $2.09B | 100x | as long as short |
| Pacifica XAU | +0.0100% | 1h | 4,338.5 | −0.053% | $1.4M | $1.1M | 10x | as long as short |
| ApeX Omni XAUUSDT | +0.0100% | 1h | 4,339.2 | −0.038% | $274K | $203K | 50x | as long as short |
| Aevo XAU-PERP | +0.0104% | 1h | 4,341.7 | +0.020% | $161K | $87 | 10x | as long as short |
| edgeX XAUUSDC | +0.0112% | 4h | 4,336.5 | −0.099% | $30.2M | $58.2M | 50x | as long as short |
| Phoenix GOLD | +0.0136% | 1h | 4,338.3 | −0.058% | $47K | $77K | 25x | as long as short |
| GRVT XAU_USDT_Perp | +0.0144% | 4h | 4,341 | +0.004% | $1.4M | $2.9M | 25x | as long as short |
| Phemex XAUUSDT | +0.0196% | 4h | 4,343.9 | +0.072% | $2.2M | $967K | 100x | as long as short |
| Deribit GOLD_USDC-PERPETUAL | +0.0211% | 1h | 4,341.1 | +0.007% | $205K | $826K | 25x | as long as short |
| Bullet GOLD-USD | +0.0212% | 1h | 4,343 | +0.050% | $59K | $82K | 10x | as long as short |
| Polymarket Perps GOLD-USD | +0.0216% | 1h | 4,342.5 | +0.039% | $4.3M | $2.0M | 20x | as long as short |
| Bitget XAUUSDT | +0.0242% | 4h | 4,344.1 | +0.077% | $71.1M | $109.4M | 100x | as long as short |
| Kraken Futures PF_XAUUSD | +0.0259% | 1h | 4,339.7 | −0.025% | $592K | $132K | 25x | as long as short |
| OKX XAU-USDT-SWAP | +0.0315% | 8h | 4,344.8 | +0.092% | $166.2M | $281.6M | 100x | as long as short |
| BloFin XAU-USDT | +0.0349% | 4h | 4,341.7 | +0.021% | $15.6M | $4.4M | 100x | as long as short |
| GMX GOLD/USD [ETH-USDC] | L +0.0426% / S −0.0251% | 1h | 4,343.1 | +0.053% | $250K | — | 111x | as long as short |
| HTX XAU-USDT | +0.0527% | 4h | 4,346 | +0.119% | $2.8M | $4.6M | 75x | as long as short |
tradeXYZ xyz:GOLD
Ondo Perps XAU-USD.P
Kalshi KXGOLDPERP
Bybit XAUUSDT
Lighter XAU
Coinbase International GOLD-PERP-INTX
Gate XAU_USDT
Hotstuff GOLD-PERP
Aster XAUUSD1
Paradex XAU-USD-PERP
MEXC XAU_USDT
Binance XAUUSDT
Pacifica XAU
ApeX Omni XAUUSDT
Aevo XAU-PERP
edgeX XAUUSDC
Phoenix GOLD
GRVT XAU_USDT_Perp
Phemex XAUUSDT
Deribit GOLD_USDC-PERPETUAL
Bullet GOLD-USD
Polymarket Perps GOLD-USD
Bitget XAUUSDT
Kraken Futures PF_XAUUSD
OKX XAU-USDT-SWAP
BloFin XAU-USDT
GMX GOLD/USD [ETH-USDC]
HTX XAU-USDT