XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.06 per $10,000 · paid last 24h +0.022%

Price spread now: Lighter RH against Vest−0.738%7-day average −0.857% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Vest Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.019%+$2 on $10k

Price spread, last 3 days (all we have)−0.033%−$3 · spread now −0.738%, 7d avg −0.857%

Together, before fees−0.014%+ Points / potential airdropVest: Active · Lighter RH: Points live · farm board−$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Lighter RH is 0.119% dearer against Vest than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.857%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest GC-PERP	4,395.1	0.0046	pay 0.0006% / 1h	24m 28s	—	$1.0M	25x
Short	Lighter RH XAU	4,362.7	0.0096	get 0.0012% / 1h	24m 28s	$20.2M	$41.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Vest. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 VestbpFee Lighter RHbpOrdersPrice spread, now −0.738%Rate

Funding earned: $10.57
Price spread: −0.738% → −0.857%: $11.85
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Lighter RH: 0 bp × 2 orders: $0
Net: $20.42
Costs to cover: 0.020%
Break-even: from the start

Slippage unknown: Vest: no order-book sample; Lighter RH: live order book, 5 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 RH live order book, 5 min ago	0.63 bp	0.7 bp −$1	1.4 bp −$14	5.3 bp −$526	doesn't fit

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
Aster XAUUSD1	0.0000%	4h	4,361	−0.776%	$71.1M	$200.2M	20x	as long as short
Gate XAU_USDT	0.0000%	4h	4,361.4	−0.766%	$265.9M	$416.0M	100x	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,358.8	−0.826%	$4.0M	$36.6M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,366.3	−0.656%	$93K	$10.2M	20x	as long as short
Variational Omni XAU	0.0000%	4h	4,360.4	−0.789%	$47.8M	$28.1M	—	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,356.7	−0.873%	$267K	—	250x	as long as short
MEXC XAU_USDT	+0.0020%	4h	4,360.5	−0.786%	$372.9M	$327.9M	1000x	as long as short
Binance XAUUSDT	+0.0022%	4h	4,360.8	−0.782%	$411.7M	$2.15B	100x	as long as short
edgeX XAUUSDC	+0.0023%	4h	4,356.2	−0.886%	$30.3M	$60.3M	50x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−1.017%	$619	$54	52x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX XAU-USD	+0.0040%	1h	4,362.4	−0.744%	$3.8M	$4.7M	40x	as long as short
QFEX GOLD-USD	+0.0045%	1h	4,361	−0.776%	$5.6M	$1.9M	20x	as long as short
Vest GC-PERPlong	+0.0046%	1h	4,395.1	long leg	—	$1.0M	25x
RISEx XAU/USDC	+0.0048%	1h	4,361.3	−0.770%	$3.4M	$12.3M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,357.4	−0.858%	$293.8M	$51.4M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,356.2	−0.884%	$14.7M	$57.2M	25x	as long as short
Phoenix GOLD	+0.0055%	1h	4,358.5	−0.833%	$48K	$64K	25x	as long as short
Bitget XAUUSDT	+0.0058%	4h	4,360	−0.799%	$69.5M	$113.3M	100x	as long as short
Lighter XAU	+0.0072%	1h	4,360	−0.799%	$20.6M	$44.1M	25x	as long as short
Paradex XAU-USD-PERP	+0.0081%	8h	4,361.1	−0.773%	$19K	$5K	5x	as long as short
BloFin XAU-USDT	+0.0082%	4h	4,363.5	−0.720%	$15.5M	$4.5M	100x	as long as short
Aevo XAU-PERP	+0.0088%	1h	4,359.7	−0.805%	$161K	$87	10x	as long as short
Lighter RH XAUshort	+0.0096%	1h	4,362.7	−0.738%	$20.2M	$41.0M	25x
Extended XAU-USD	+0.0096%	1h	4,357.3	−0.859%	$13.5M	$43.8M	25x	as long as short
Hotstuff GOLD-PERP	+0.0096%	1h	4,358	−0.844%	$33K	—	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0096%	1h	4,357.6	−0.853%	$2.0M	$5.1M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,357.7	−0.851%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,357.8	−0.849%	$275K	$204K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,353.7	−0.942%	$26K	$22K	20x	as long as short
Bybit XAUUSDT	+0.0102%	4h	4,361.1	−0.773%	$83.0M	$143.8M	150x	as long as short
Polymarket Perps GOLD-USD	+0.0123%	1h	4,359.6	−0.808%	$4.3M	$1.8M	20x	as long as short
GRVT XAU_USDT_Perp	+0.0154%	4h	4,362	−0.754%	$1.4M	$3.1M	25x	as long as short
OKX XAU-USDT-SWAP	+0.0198%	8h	4,361.1	−0.774%	$163.8M	$288.9M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0209%	1h	4,360.4	−0.790%	$235K	$656K	25x	as long as short
Bullet GOLD-USD	+0.0213%	1h	4,361.4	−0.767%	$59K	$81K	10x	as long as short
Kraken Futures PF_XAUUSD	+0.0225%	1h	4,358.7	−0.829%	$594K	$151K	25x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0389% / S −0.0197%	1h	4,360.8	−0.781%	$252K	—	111x	as long as short
Phemex XAUUSDT	+0.0469%	4h	4,364.7	−0.693%	$2.2M	$1.1M	100x	as long as short
HTX XAU-USDT	+0.0593%	4h	4,365.2	−0.680%	$2.9M	$3.9M	75x	as long as short