XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0068%/8h= +7.4% APRnext payment +$0.09 per $10,000 · paid last 24h +0.008%

Price spread now: Pacifica against Lighter−0.043%7-day average −0.047% · you buy dearer than you sell

Net, funding: paid 7d − costs−$13as in the Funding arb table

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

costs, in and out, $10k−$110.105% of the position

Long on Lighter Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.025%−$3 on $10k

Price spread, last 7 days−0.045%−$4 · spread now −0.043%, 7d avg −0.047%

Together, before fees−0.070%+ Points / potential airdropLighter: Season 3 · Pacifica: Active · farm board−$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.047%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter XAU	4,344.5	0.0032	pay 0.0004% / 1h	35m 27s	$20.8M	$37.8M	25x
Short	Pacifica XAU	4,342.6	0.0100	get 0.0013% / 1h	35m 27s	$1.4M	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.043%Rate

Funding earned: $14.28
Price spread: −0.043% → −0.047%: $0.35
Slippage, 4 orders: −$2.52
Fee Lighter: 0 bp × 2 orders: $0
Fee Pacifica: 4 bp × 2 orders: −$8
Net: $4.11
Costs to cover: 0.105%
Break-even: 5.0 days

Slippage from Lighter: live order book, 8 min ago; Pacifica: live order book, 4 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	0.60 bp	0.6 bp −$1	1.5 bp −$15	7.1 bp −$708	18.0 bp −$9,014
Sell Pacifica live order book, 4 min ago	0.12 bp	4.4 bp −$4	doesn't fit	doesn't fit	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
RISEx XAU/USDC	0.0000%	1h	4,346.2	+0.039%	$3.4M	$12.3M	25x	as long as short
SunX XAU-USDT	0.0000%	4h	4,351.4	+0.158%	$92K	$9.0M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,343.4	−0.024%	$271K	—	250x	as long as short
Gate XAU_USDT	+0.0008%	4h	4,346.8	+0.054%	$267.7M	$411.7M	100x	as long as short
Lighter XAUlong	+0.0032%	1h	4,344.5	long leg	$20.8M	$37.8M	25x
Extended XAU-USD	+0.0032%	1h	4,342.1	−0.055%	$13.3M	$38.5M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.137%	$619	$54	52x	as long as short
Lighter RH XAU	+0.0040%	1h	4,346.6	+0.049%	$20.1M	$39.2M	25x	as long as short
StandX XAU-USD	+0.0040%	1h	4,347.7	+0.074%	$3.8M	$4.6M	40x	as long as short
QFEX GOLD-USD	+0.0041%	1h	4,345.8	+0.030%	$5.7M	$2.0M	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kalshi KXGOLDPERP	+0.0045%	24h	4,346	+0.035%	$4.1M	$37.2M	15x	as long as short
Vest GC-PERP	+0.0046%	1h	4,379.5	+0.806%	—	$1.1M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0048%	1h	4,344.3	−0.004%	$2.0M	$4.9M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,343	−0.034%	$293.7M	$48.7M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,342.4	−0.048%	$15.1M	$56.8M	25x	as long as short
Aster XAUUSD1	+0.0065%	4h	4,346.4	+0.043%	$70.9M	$333.7M	20x	as long as short
Variational Omni XAU	+0.0080%	4h	4,346.7	+0.051%	$48.5M	$27.8M	—	as long as short
Paradex XAU-USD-PERP	+0.0085%	8h	4,345.5	+0.023%	$19K	$5K	5x	as long as short
GRVT XAU_USDT_Perp	+0.0088%	4h	4,348.2	+0.086%	$1.4M	$3.0M	25x	as long as short
Binance XAUUSDT	+0.0094%	4h	4,346.2	+0.039%	$414.1M	$2.09B	100x	as long as short
MEXC XAU_USDT	+0.0094%	4h	4,346	+0.035%	$372.6M	$317.6M	1000x	as long as short
edgeX XAUUSDC	+0.0095%	4h	4,343.4	−0.025%	$30.2M	$58.3M	50x	as long as short
Pacifica XAUshort	+0.0100%	1h	4,342.6	−0.043%	$1.4M	$1.1M	10x
ApeX Omni XAUUSDT	+0.0100%	1h	4,346.8	+0.053%	$275K	$203K	50x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,347	+0.058%	$161K	$87	10x	as long as short
Phoenix GOLD	+0.0142%	1h	4,347.3	+0.065%	$47K	$77K	25x	as long as short
Polymarket Perps GOLD-USD	+0.0152%	1h	4,345.8	+0.030%	$4.3M	$1.9M	20x	as long as short
Hotstuff GOLD-PERP	+0.0160%	1h	4,343.7	−0.018%	$33K	—	25x	as long as short
Kraken Futures PF_XAUUSD	+0.0194%	1h	4,344.2	−0.006%	$592K	$132K	25x	as long as short
Bullet GOLD-USD	+0.0203%	1h	4,347.5	+0.071%	$59K	$82K	10x	as long as short
Phemex XAUUSDT	+0.0205%	4h	4,349.7	+0.120%	$2.2M	$967K	100x	as long as short
Bitget XAUUSDT	+0.0232%	4h	4,346.6	+0.048%	$70.0M	$109.2M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0233%	1h	4,345.9	+0.033%	$243K	$789K	25x	as long as short
Bybit XAUUSDT	+0.0238%	4h	4,347.5	+0.069%	$85.0M	$144.9M	150x	as long as short
OKX XAU-USDT-SWAP	+0.0284%	8h	4,347.3	+0.065%	$165.5M	$281.7M	100x	as long as short
Bluefin GOLD-PERP	+0.0336%	1h	4,341	−0.080%	$25K	$14K	20x	as long as short
BloFin XAU-USDT	+0.0347%	4h	4,348	+0.081%	$15.6M	$4.5M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0413% / S −0.0230%	1h	4,347.5	+0.068%	$248K	—	111x	as long as short
HTX XAU-USDT	+0.0628%	4h	4,352.7	+0.189%	$2.9M	$4.3M	75x	as long as short