XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0008%/8h= −0.9% APRnext payment −$0.01 per $10,000 · paid last 24h +0.010%

Price spread now: Lighter RH against Lighter+0.060%7-day average +0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs−$9as in the Funding arb table

Net, price: spread back to 7d avg − costs$0as in the Price arb table

costs, in and out, $10k−$30.026% of the position

Long on Lighter Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days−0.059%−$6 on $10k

Price spread, last 7 days−0.076%−$8 · spread now +0.060%, 7d avg +0.033%

Together, before fees−0.135%+ Points / potential airdropLighter: Season 3 · Lighter RH: Points live · farm board−$13 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter RH is 0.027% dearer against Lighter than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.033%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter XAU	4,339.5	0.0048	pay 0.0006% / 1h	38m 51s	$20.8M	$34.5M	25x
Short	Lighter RH XAU	4,342.1	0.0040	get 0.0005% / 1h	38m 51s	$20.0M	$39.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now +0.060%Rate

Funding earned: −$1.68
Price spread: +0.060% → +0.033%: $2.74
Slippage, 4 orders: −$2.64
Fee Lighter: 0 bp × 2 orders: $0
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$1.58
Costs to cover: 0.026%
Break-even: from the start

Slippage from Lighter: live order book, 10 min ago; Lighter RH: 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, 10 min ago	0.26 bp	0.9 bp −$1	2.1 bp −$21	6.8 bp −$679	17.7 bp −$8,849
Sell Lighter RH live order book, 5 min ago	0.61 bp	0.6 bp −$1	0.6 bp −$6	3.8 bp −$383	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	4,345.4	+0.135%	$92K	$8.7M	20x	as long as short
Bluefin GOLD-PERP	+0.0002%	1h	4,335.3	−0.097%	$25K	$14K	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,336.9	−0.059%	$271K	—	250x	as long as short
RISEx XAU/USDC	+0.0005%	1h	4,340.4	+0.020%	$3.5M	$12.0M	25x	as long as short
Gate XAU_USDT	+0.0020%	4h	4,342.4	+0.067%	$267.8M	$414.4M	100x	as long as short
Hotstuff GOLD-PERP	+0.0024%	1h	4,338.5	−0.023%	$33K	—	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,336.6	−0.066%	$13.2M	$37.7M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.252%	$619	$54	52x	as long as short
Lighter RH XAUshort	+0.0040%	1h	4,342.1	+0.060%	$20.0M	$39.3M	25x
StandX XAU-USD	+0.0040%	1h	4,342	+0.058%	$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	−0.014%	$5.7M	$2.0M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,373.5	+0.784%	—	$1.0M	25x	as long as short
Lighter XAUlong	+0.0048%	1h	4,339.5	long leg	$20.8M	$34.5M	25x
tradeXYZ xyz:GOLD	+0.0050%	1h	4,338.3	−0.027%	$293.5M	$49.2M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,337.7	−0.041%	$15.1M	$56.9M	25x	as long as short
Kalshi KXGOLDPERP	+0.0051%	24h	4,338.4	−0.025%	$4.3M	$37.4M	15x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0056%	1h	4,337.8	−0.039%	$2.1M	$4.8M	25x	as long as short
Bybit XAUUSDT	+0.0062%	4h	4,341.4	+0.043%	$80.4M	$151.5M	150x	as long as short
Aster XAUUSD1	+0.0078%	4h	4,341.9	+0.055%	$71.4M	$332.3M	20x	as long as short
Paradex XAU-USD-PERP	+0.0084%	8h	4,341	+0.036%	$19K	$5K	5x	as long as short
Variational Omni XAU	+0.0087%	4h	4,340.5	+0.022%	$48.3M	$27.7M	—	as long as short
Pacifica XAU	+0.0100%	1h	4,337.4	−0.048%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,339.3	−0.005%	$274K	$203K	50x	as long as short
MEXC XAU_USDT	+0.0104%	4h	4,340.9	+0.032%	$370.3M	$319.3M	1000x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,340.5	+0.023%	$161K	$87	10x	as long as short
Binance XAUUSDT	+0.0105%	4h	4,340.8	+0.029%	$416.9M	$2.09B	100x	as long as short
edgeX XAUUSDC	+0.0118%	4h	4,336.3	−0.073%	$30.1M	$58.3M	50x	as long as short
Phoenix GOLD	+0.0136%	1h	4,339.8	+0.007%	$47K	$77K	25x	as long as short
GRVT XAU_USDT_Perp	+0.0174%	4h	4,341	+0.036%	$1.4M	$2.9M	25x	as long as short
Bullet GOLD-USD	+0.0216%	1h	4,341.2	+0.039%	$59K	$82K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0216%	1h	4,341	+0.035%	$4.3M	$1.9M	20x	as long as short
Bitget XAUUSDT	+0.0248%	4h	4,341.3	+0.041%	$71.0M	$109.4M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0259%	1h	4,338.2	−0.029%	$592K	$132K	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0280%	1h	4,339.6	+0.003%	$205K	$827K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0319%	8h	4,341.7	+0.051%	$166.6M	$281.7M	100x	as long as short
Phemex XAUUSDT	+0.0349%	4h	4,344.1	+0.105%	$2.2M	$967K	100x	as long as short
BloFin XAU-USDT	+0.0372%	4h	4,341.7	+0.052%	$15.6M	$4.4M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0427% / S −0.0252%	1h	4,341.1	+0.038%	$250K	—	111x	as long as short
HTX XAU-USDT	+0.0609%	4h	4,345.7	+0.143%	$2.8M	$4.6M	75x	as long as short