XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0016%/8h= −1.8% APRnext payment −$0.02 per $10,000 · paid last 24h −0.003%

Price spread now: Extended against Lighter−0.073%7-day average −0.043% · you buy dearer than you sell

Net, funding: paid 7d − costs−$15as in the Funding arb table

Net, price: spread back to 7d avg − costs−$10as in the Price arb table

costs, in and out, $10k−$70.066% of the position

Long on Lighter Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.083%−$8 on $10k

Price spread, last 7 days+0.058%+$6 · spread now −0.073%, 7d avg −0.043%

Together, before fees−0.026%+ Points / potential airdropLighter: Season 3 · Extended: Active · farm board−$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Extended is 0.030% cheaper against Lighter than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.043%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter XAU	4,340.3	0.0048	pay 0.0006% / 1h	39m 34s	$20.8M	$34.5M	25x
Short	Extended XAU-USD	4,337.1	0.0032	get 0.0004% / 1h	39m 34s	$13.2M	$37.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.073%Rate

Funding earned: −$3.36
Price spread: −0.073% → −0.043%: −$2.99
Slippage, 4 orders: −$1.59
Fee Lighter: 0 bp × 2 orders: $0
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$12.93
Costs to cover: 0.066%
Break-even: never at this rate

Slippage from Lighter: live order book, 9 min ago; Extended: live order book, 5 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, 9 min ago	0.26 bp	0.9 bp −$1	2.1 bp −$21	6.8 bp −$679	17.7 bp −$8,849
Sell Extended live order book, 5 min ago	0.12 bp	2.6 bp −$3	3.9 bp −$39	8.9 bp −$890	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
Bluefin GOLD-PERP	−0.0004%	1h	4,335.3	−0.115%	$25K	$14K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,345.3	+0.115%	$92K	$8.7M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,336.9	−0.077%	$271K	—	250x	as long as short
RISEx XAU/USDC	+0.0005%	1h	4,340.4	+0.002%	$3.5M	$12.0M	25x	as long as short
Gate XAU_USDT	+0.0020%	4h	4,343	+0.063%	$267.7M	$414.3M	100x	as long as short
Hotstuff GOLD-PERP	+0.0024%	1h	4,338.5	−0.041%	$33K	—	25x	as long as short
Extended XAU-USDshort	+0.0032%	1h	4,337.1	−0.073%	$13.2M	$37.7M	25x
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.234%	$619	$54	52x	as long as short
Lighter RH XAU	+0.0040%	1h	4,341.9	+0.038%	$20.0M	$39.3M	25x	as long as short
StandX XAU-USD	+0.0040%	1h	4,342	+0.040%	$3.8M	$4.5M	40x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX GOLD-USD	+0.0042%	1h	4,338.9	−0.031%	$5.7M	$2.0M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,373.6	+0.768%	—	$1.0M	25x	as long as short
Lighter XAUlong	+0.0048%	1h	4,340.3	long leg	$20.8M	$34.5M	25x
tradeXYZ xyz:GOLD	+0.0050%	1h	4,338.5	−0.041%	$293.5M	$49.2M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,337.7	−0.058%	$15.1M	$56.9M	25x	as long as short
Kalshi KXGOLDPERP	+0.0051%	24h	4,337.9	−0.054%	$4.3M	$37.5M	15x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0056%	1h	4,337.3	−0.068%	$2.1M	$4.8M	25x	as long as short
Bybit XAUUSDT	+0.0062%	4h	4,341.6	+0.031%	$80.5M	$151.5M	150x	as long as short
Aster XAUUSD1	+0.0078%	4h	4,341.9	+0.037%	$71.4M	$332.3M	20x	as long as short
Paradex XAU-USD-PERP	+0.0084%	8h	4,341	+0.018%	$19K	$5K	5x	as long as short
Variational Omni XAU	+0.0087%	4h	4,340.5	+0.005%	$48.3M	$27.7M	—	as long as short
Pacifica XAU	+0.0100%	1h	4,337.4	−0.066%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,339.3	−0.023%	$274K	$203K	50x	as long as short
MEXC XAU_USDT	+0.0104%	4h	4,341.4	+0.027%	$369.6M	$319.2M	1000x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,340.3	+0.002%	$161K	$87	10x	as long as short
Binance XAUUSDT	+0.0105%	4h	4,341.2	+0.021%	$416.9M	$2.09B	100x	as long as short
edgeX XAUUSDC	+0.0118%	4h	4,336.3	−0.091%	$30.1M	$58.3M	50x	as long as short
Phoenix GOLD	+0.0136%	1h	4,339.8	−0.011%	$47K	$77K	25x	as long as short
GRVT XAU_USDT_Perp	+0.0174%	4h	4,341	+0.018%	$1.4M	$2.9M	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0188%	1h	4,339.2	−0.024%	$205K	$827K	25x	as long as short
Bullet GOLD-USD	+0.0216%	1h	4,341.3	+0.024%	$59K	$82K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0217%	1h	4,340.8	+0.012%	$4.3M	$1.9M	20x	as long as short
Bitget XAUUSDT	+0.0248%	4h	4,342.1	+0.043%	$71.0M	$109.4M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0259%	1h	4,338.2	−0.049%	$592K	$132K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0319%	8h	4,341.6	+0.031%	$166.5M	$281.6M	100x	as long as short
BloFin XAU-USDT	+0.0366%	4h	4,341.7	+0.034%	$15.6M	$4.4M	100x	as long as short
Phemex XAUUSDT	+0.0372%	4h	4,344	+0.086%	$2.2M	$967K	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0427% / S −0.0252%	1h	4,341.4	+0.026%	$250K	—	111x	as long as short
HTX XAU-USDT	+0.0597%	4h	4,345.7	+0.126%	$2.8M	$4.6M	75x	as long as short