Funding you earn now, next payment 07:00 UTC+0.0026%/8h= +2.9% APRnext payment +$0.03 per $10,000 · paid last 24h +0.007%
Price spread now: Lighter against Vest−0.746%7-day average −0.873% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.007%+$1 on $10k
+Price spread, last 7 days−0.111%−$11 · spread now −0.746%, 7d avg −0.873%
=Together, before fees−0.104%+ Points / potential airdropVest: Active · Lighter: Season 3 · farm board−$10 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter is 0.127% dearer against Vest than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of −0.873%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Vest GC-PERP | 4,355.1 | 0.0046 | pay 0.0006% / 1h | 18m 11s | — | $1.0M | 25x |
| Short | Lighter XAU | 4,322.6 | 0.0072 | get 0.0009% / 1h | 18m 11s | $20.3M | $30.7M | 25x |
Vest GC-PERP
Lighter XAUFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Vest. 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
- $5.53
- Price spread: −0.746% → −0.873%
- $12.74
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $16.27
- Costs to cover
- 0.020%
- Break-even
- from the start
Slippage unknown: Vest: no order-book sample; Lighter: live order book, 11 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 Vest no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 11 min ago | 0.28 bp | 0.3 bp $0 | 2.1 bp −$21 | 8.7 bp −$870 | 19.2 bp −$9,584 |
Vest: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| Bluefin GOLD-PERP | −0.0062% | 1h | 4,316.5 | −0.887% | $25K | $1K | 20x | as long as short |
| SunX XAU-USDT | 0.0000% | 4h | 4,327.1 | −0.643% | $92K | $7.6M | 20x | as long as short |
| gTrade (Gains Network) XAU/USD | L +0.0002% / S −0.0003% | 1h | 4,319.8 | −0.811% | $270K | — | 250x | as long as short |
| Hotstuff GOLD-PERP | +0.0016% | 1h | 4,319.3 | −0.822% | $32K | — | 25x | as long as short |
| Bybit XAUUSDT | +0.0020% | 4h | 4,324.6 | −0.701% | $77.3M | $154.4M | 150x | as long as short |
| Injective XAU/USDC PERP | +0.0033% | 1h | 4,350.4 | −0.107% | $619 | $54 | 52x | as long as short |
| StandX XAU-USD | +0.0040% | 1h | 4,323.4 | −0.728% | $3.8M | $4.5M | 40x | as long as short |
| QFEX GOLD-USD | +0.0042% | 1h | 4,322 | −0.760% | $5.4M | $2.0M | 20x | as long as short |
| Vest GC-PERPlong | +0.0046% | 1h | 4,355.1 | long leg | — | $1.0M | 25x | |
| tradeXYZ xyz:GOLD | +0.0050% | 1h | 4,319.6 | −0.815% | $291.5M | $51.3M | 25x | as long as short |
Bluefin GOLD-PERP
SunX XAU-USDT
gTrade (Gains Network) XAU/USD
Hotstuff GOLD-PERP
Bybit XAUUSDT
Injective XAU/USDC PERP
StandX XAU-USD
QFEX GOLD-USD
tradeXYZ xyz:GOLDShow 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 | 4,318.6 | −0.838% | $15.0M | $55.5M | 25x | as long as short |
| Aster XAUUSD1 | +0.0066% | 4h | 4,325.2 | −0.688% | $72.5M | $274.5M | 20x | as long as short |
| Lighter XAUshort | +0.0072% | 1h | 4,322.6 | −0.746% | $20.3M | $30.7M | 25x | |
| Coinbase International GOLD-PERP-INTX | +0.0072% | 1h | 4,319.1 | −0.827% | $2.1M | $4.9M | 25x | as long as short |
| Paradex XAU-USD-PERP | +0.0078% | 8h | 4,322 | −0.759% | $2K | $14K | 5x | as long as short |
| Kalshi KXGOLDPERP | +0.0079% | 24h | 4,324 | −0.714% | $3.8M | $43.9M | 15x | as long as short |
| GRVT XAU_USDT_Perp | +0.0086% | 4h | 4,323.2 | −0.732% | $1.4M | $3.0M | 25x | as long as short |
| Variational Omni XAU | +0.0093% | 4h | 4,322.6 | −0.746% | $47.3M | $28.8M | — | as long as short |
| MEXC XAU_USDT | +0.0098% | 4h | 4,323.9 | −0.718% | $367.9M | $332.1M | 1000x | as long as short |
| Phoenix GOLD | +0.0100% | 1h | 4,319.2 | −0.824% | $47K | $79K | 25x | as long as short |
| Pacifica XAU | +0.0100% | 1h | 4,319.4 | −0.820% | $1.4M | $1.2M | 10x | as long as short |
| ApeX Omni XAUUSDT | +0.0100% | 1h | 4,319.8 | −0.811% | $272K | $208K | 50x | as long as short |
| Binance XAUUSDT | +0.0100% | 4h | 4,323.7 | −0.722% | $423.2M | $2.13B | 100x | as long as short |
| Aevo XAU-PERP | +0.0104% | 1h | 4,322.5 | −0.748% | $160K | $87 | 10x | as long as short |
| edgeX XAUUSDC | +0.0116% | 4h | 4,318.4 | −0.843% | $30.0M | $59.7M | 50x | as long as short |
| Gate XAU_USDT | +0.0118% | 4h | 4,325.1 | −0.688% | $282.4M | $421.3M | 100x | as long as short |
| Lighter RH XAU | +0.0120% | 1h | 4,324.9 | −0.693% | $19.9M | $39.1M | 25x | as long as short |
| Extended XAU-USD | +0.0120% | 1h | 4,319.2 | −0.824% | $12.9M | $37.0M | 25x | as long as short |
| Kraken Futures PF_XAUUSD | +0.0153% | 1h | 4,320.6 | −0.792% | $577K | $146K | 25x | as long as short |
| RISEx XAU/USDC | +0.0184% | 1h | 4,325.2 | −0.688% | $4.1M | $12.8M | 25x | as long as short |
| Bullet GOLD-USD | +0.0184% | 1h | 4,323.4 | −0.728% | $59K | $82K | 10x | as long as short |
| Polymarket Perps GOLD-USD | +0.0214% | 1h | 4,323.2 | −0.732% | $4.3M | $1.9M | 20x | as long as short |
| Bitget XAUUSDT | +0.0222% | 4h | 4,323.3 | −0.731% | $67.6M | $118.3M | 100x | as long as short |
| HTX XAU-USDT | +0.0268% | 4h | 4,327.7 | −0.630% | $3.0M | $5.4M | 75x | as long as short |
| OKX XAU-USDT-SWAP | +0.0302% | 8h | 4,324.5 | −0.703% | $172.6M | $299.5M | 100x | as long as short |
| Deribit GOLD_USDC-PERPETUAL | +0.0306% | 1h | 4,322.3 | −0.753% | $191K | $837K | 25x | as long as short |
| Phemex XAUUSDT | +0.0327% | 4h | 4,325.6 | −0.678% | $2.2M | $967K | 100x | as long as short |
| BloFin XAU-USDT | +0.0339% | 4h | 4,322.9 | −0.740% | $16.2M | $4.6M | 100x | as long as short |
| GMX GOLD/USD [ETH-USDC] | L +0.0461% / S −0.0307% | 1h | 4,323.6 | −0.722% | $252K | — | 111x | as long as short |
Ondo Perps XAU-USD.P
Aster XAUUSD1
Coinbase International GOLD-PERP-INTX
Paradex XAU-USD-PERP
Kalshi KXGOLDPERP
GRVT XAU_USDT_Perp
Variational Omni XAU
MEXC XAU_USDT
Phoenix GOLD
Pacifica XAU
ApeX Omni XAUUSDT
Binance XAUUSDT
Aevo XAU-PERP
edgeX XAUUSDC
Gate XAU_USDT
Lighter RH XAU
Extended XAU-USD
Kraken Futures PF_XAUUSD
RISEx XAU/USDC
Bullet GOLD-USD
Polymarket Perps GOLD-USD
Bitget XAUUSDT
HTX XAU-USDT
OKX XAU-USDT-SWAP
Deribit GOLD_USDC-PERPETUAL
Phemex XAUUSDT
BloFin XAU-USDT
GMX GOLD/USD [ETH-USDC]