XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0140%/8h= +15.3% APRnext payment +$0.18 per $10,000 · paid last 24h +0.051%

Price spread now: Deribit against Lighter+0.016%7-day average −0.064% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$3as in the Price arb table

costs, in and out, $10k−$110.111% of the position

Long on Lighter Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.721%+$72 on $10k

Price spread, last 4 days (all we have)−0.086%−$9 · spread now +0.016%, 7d avg −0.064%

Together, before fees+0.635%+ Points / potential airdropLighter: Season 3 · farm board+$63 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Deribit is 0.080% dearer against Lighter than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.064%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter XAU	4,321.4	0.0096	pay 0.0012% / 1h	53m 43s	$20.1M	$30.0M	25x
Short	Deribit GOLD_USDC-PERPETUAL	4,322.1	0.0236	get 0.0030% / 1h	53m 43s	$135K	$659K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Lighter. 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 LighterbpFee DeribitbpOrdersPrice spread, now +0.016%Rate

Funding earned: $29.42
Price spread: +0.016% → −0.064%: $8.03
Slippage, 4 orders: −$4.07
Fee Lighter: 0 bp × 2 orders: $0
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $26.38
Costs to cover: 0.111%
Break-even: 0.7 days

Slippage from Lighter: live order book, 8 min ago; Deribit: live order book, 53 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 Lighter live order book, 8 min ago	0.54 bp	0.6 bp −$1	1.5 bp −$15	7.5 bp −$753	18.7 bp −$9,370
Sell Deribit live order book, 53 min ago	0.12 bp	5.4 bp −$5	7.4 bp −$74	doesn't fit	doesn't fit

XAU on 39 exchanges

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
Coinbase International GOLD-PERP-INTX	−0.0032%	1h	4,319.5	−0.044%	$2.1M	$5.0M	25x	as long as short
Hotstuff GOLD-PERP	0.0000%	1h	4,320.5	−0.021%	$35K	$3K	25x	as long as short
SunX XAU-USDT	0.0000%	4h	4,328	+0.152%	$92K	$5.6M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,319.3	−0.048%	$310K	—	250x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.671%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,323.9	+0.058%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0042%	1h	4,321.8	+0.009%	$6.7M	$3.3M	20x	as long as short
Aster XAUUSD1	+0.0044%	4h	4,324.6	+0.074%	$71.4M	$276.6M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,356.1	+0.803%	—	$1.0M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,319.8	−0.038%	$15.2M	$59.2M	25x	as long as short

Show all 39 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex XAU-USD-PERP	+0.0055%	8h	4,322.8	+0.032%	$2K	$13K	5x	as long as short
RISEx XAU/USDC	+0.0062%	1h	4,323.8	+0.056%	$4.6M	$13.3M	25x	as long as short
Variational Omni XAU	+0.0065%	4h	4,322.2	+0.019%	$47.1M	$28.0M	—	as long as short
Gate XAU_USDT	+0.0070%	4h	4,325.1	+0.084%	$299.3M	$432.3M	100x	as long as short
tradeXYZ xyz:GOLD	+0.0077%	1h	4,319.8	−0.037%	$291.8M	$45.4M	25x	as long as short
MEXC XAU_USDT	+0.0082%	4h	4,323	+0.037%	$362.1M	$348.4M	1000x	as long as short
edgeX XAUUSDC	+0.0082%	4h	4,321.6	+0.004%	$30.2M	$66.3M	50x	as long as short
Binance XAUUSDT	+0.0083%	4h	4,322.7	+0.030%	$440.7M	$2.43B	100x	as long as short
GRVT XAU_USDT_Perp	+0.0092%	4h	4,325.9	+0.103%	$1.4M	$3.1M	25x	as long as short
Lighter XAUlong	+0.0096%	1h	4,321.4	long leg	$20.1M	$30.0M	25x
Pacifica XAU	+0.0100%	1h	4,320.7	−0.016%	$1.4M	$1.4M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,324.5	+0.071%	$287K	$227K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,318.1	−0.076%	$25K	$1K	20x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,322.6	+0.028%	$160K	$87	10x	as long as short
Phoenix GOLD	+0.0127%	1h	4,324.1	+0.062%	$43K	$71K	25x	as long as short
Kalshi KXGOLDPERP	+0.0146%	24h	4,324.2	+0.065%	$3.5M	$51.6M	15x	as long as short
Lighter RH XAU	+0.0152%	1h	4,325.3	+0.090%	$19.5M	$38.9M	25x	as long as short
Bybit XAUUSDT	+0.0154%	4h	4,323.8	+0.056%	$82.9M	$166.7M	150x	as long as short
Kraken Futures PF_XAUUSD	+0.0197%	1h	4,321.2	−0.005%	$582K	$166K	25x	as long as short
Bitget XAUUSDT	+0.0200%	4h	4,322.7	+0.029%	$73.0M	$140.2M	100x	as long as short
Extended XAU-USD	+0.0208%	1h	4,319.1	−0.054%	$12.5M	$34.0M	25x	as long as short
Phemex XAUUSDT	+0.0212%	4h	4,326.1	+0.109%	$2.2M	$733K	100x	as long as short
Bullet GOLD-USD	+0.0219%	1h	4,323.7	+0.053%	$59K	$77K	10x	as long as short
OKX XAU-USDT-SWAP	+0.0226%	8h	4,323.4	+0.046%	$170.8M	$361.3M	100x	as long as short
Polymarket Perps GOLD-USD	+0.0232%	1h	4,323.5	+0.048%	$4.3M	$1.7M	20x	as long as short
Deribit GOLD_USDC-PERPETUALshort	+0.0236%	1h	4,322.1	+0.016%	$135K	$659K	25x
BloFin XAU-USDT	+0.0322%	4h	4,325	+0.083%	$16.5M	$5.2M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0425% / S −0.0258%	1h	4,323.8	+0.054%	$253K	—	111x	as long as short
HTX XAU-USDT	+0.1030%	4h	4,330.4	+0.209%	$3.2M	$7.1M	75x	as long as short