Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0074%/8h= +8.1% APRpaid last 24h +0.032%

Price spread now: Bitget against Lighter RH−0.034%7-day average +0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs$0as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$140.139% of the position

Long on Lighter RH Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.135%+$13 on $10k

Price spread, last 7 days+0.075%+$7 · spread now −0.034%, 7d avg +0.022%

Together, before fees+0.209%+ Points / potential airdropLighter RH: Points live · farm board+$21 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bitget is 0.056% cheaper against Lighter RH than usual: you would sell low and buy high (spread −0.034% now, against its 7-day average of +0.022%). If the spread goes back, that is −$6 on $10k: about 2.5 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH XAU	4,327.6	0.0120	pay 0.0015% / 1h	34m 29s	$20.0M	$39.1M	25x
Short	Bitget XAUUSDT	4,326.1	0.0194	get 0.0097% / 4h	34m 29s	$70.2M	$118.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Lighter RH. 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 Lighter RHbpFee BitgetbpOrdersPrice spread, now −0.034%Rate

Funding earned: $15.54
Price spread: −0.034% → +0.022%: −$5.62
Slippage, 4 orders: −$1.93
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$4.01
Costs to cover: 0.139%
Break-even: 8.8 days

Slippage from Lighter RH: live order book, 5 min ago; Bitget: 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 RH live order book, 5 min ago	0.75 bp	1.0 bp −$1	1.7 bp −$17	17.3 bp −$1,733	doesn't fit
Sell Bitget live order book, 5 min ago	0.01 bp	6.0 bp −$6	6.7 bp −$67	11.8 bp −$1,177	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	−0.0105%	1h	4,320.7	−0.160%	$25K	$1K	20x	as long as short
Hotstuff GOLD-PERP	−0.0096%	1h	4,322.4	−0.120%	$32K	—	25x	as long as short
SunX XAU-USDT	0.0000%	4h	4,330.3	+0.063%	$92K	$7.3M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,322.7	−0.113%	$270K	—	250x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.527%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,327.2	−0.009%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0045%	1h	4,324.6	−0.069%	$5.4M	$2.0M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,358.4	+0.712%	—	$1.0M	25x	as long as short
Bybit XAUUSDT	+0.0049%	4h	4,327.9	+0.006%	$77.6M	$153.2M	150x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,323	−0.106%	$291.8M	$51.5M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps XAU-USD.P	+0.0050%	1h	4,321.5	−0.142%	$15.0M	$55.6M	25x	as long as short
Aster XAUUSD1	+0.0056%	4h	4,327.4	−0.004%	$72.9M	$272.0M	20x	as long as short
Lighter XAU	+0.0064%	1h	4,324.9	−0.061%	$20.3M	$29.1M	25x	as long as short
Paradex XAU-USD-PERP	+0.0066%	8h	4,325.1	−0.057%	$2K	$14K	5x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,322.9	−0.109%	$2.1M	$4.8M	25x	as long as short
Variational Omni XAU	+0.0089%	4h	4,324.9	−0.063%	$47.2M	$29.3M	—	as long as short
Kalshi KXGOLDPERP	+0.0092%	24h	4,327.3	−0.007%	$3.8M	$44.6M	15x	as long as short
Phoenix GOLD	+0.0096%	1h	4,323.8	−0.088%	$47K	$79K	25x	as long as short
MEXC XAU_USDT	+0.0098%	4h	4,326.2	−0.033%	$364.0M	$327.3M	1000x	as long as short
GRVT XAU_USDT_Perp	+0.0098%	4h	4,326.6	−0.023%	$1.4M	$3.1M	25x	as long as short
Binance XAUUSDT	+0.0100%	4h	4,326.8	−0.018%	$425.3M	$2.13B	100x	as long as short
Pacifica XAU	+0.0100%	1h	4,322.4	−0.120%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,324.5	−0.072%	$272K	$208K	50x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,324.9	−0.062%	$160K	$87	10x	as long as short
Gate XAU_USDT	+0.0106%	4h	4,328.5	+0.021%	$285.1M	$415.9M	100x	as long as short
edgeX XAUUSDC	+0.0117%	4h	4,323.1	−0.104%	$30.1M	$59.6M	50x	as long as short
Lighter RH XAUlong	+0.0120%	1h	4,327.6	long leg	$20.0M	$39.1M	25x
Extended XAU-USD	+0.0128%	1h	4,321.8	−0.133%	$13.2M	$36.8M	25x	as long as short
Bitget XAUUSDTshort	+0.0194%	4h	4,326.1	−0.034%	$70.2M	$118.6M	100x
Bullet GOLD-USD	+0.0204%	1h	4,326	−0.036%	$58K	$81K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0219%	1h	4,326.2	−0.032%	$4.3M	$1.9M	20x	as long as short
Kraken Futures PF_XAUUSD	+0.0228%	1h	4,323	−0.106%	$578K	$135K	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0236%	1h	4,324.2	−0.079%	$163K	$870K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0276%	8h	4,326.8	−0.018%	$173.8M	$299.3M	100x	as long as short
BloFin XAU-USDT	+0.0339%	4h	4,325.8	−0.042%	$16.4M	$4.6M	100x	as long as short
Phemex XAUUSDT	+0.0362%	4h	4,328.9	+0.031%	$2.2M	$975K	100x	as long as short
HTX XAU-USDT	+0.0411%	4h	4,331.9	+0.098%	$3.2M	$5.9M	75x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0463% / S −0.0307%	1h	4,326	−0.036%	$253K	—	111x	as long as short
RISEx XAU/USDC	+0.0643%	1h	4,326.1	−0.034%	$4.6M	$13.3M	25x	as long as short