XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0286%/8h= +31.3% APRnext payment +$0.36 per $10,000 · paid last 24h +0.041%

Price spread now: Deribit against Lighter RH−0.039%7-day average −0.128% · you buy dearer than you sell

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

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

costs, in and out, $10k−$90.089% of the position

Long on Lighter RH Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.708%+$71 on $10k

Price spread, last 4 days (all we have)−0.036%−$4 · spread now −0.039%, 7d avg −0.128%

Together, before fees+0.672%+ Points / potential airdropLighter RH: Points live · farm board+$67 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Deribit is 0.089% dearer against Lighter RH than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.128%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH XAU	4,348	0.0040	pay 0.0005% / 1h	8m 27s	$20.1M	$39.5M	25x
Short	Deribit GOLD_USDC-PERPETUAL	4,346.3	0.0326	get 0.0041% / 1h	8m 27s	$206K	$825K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.039%Rate

Funding earned: $59.96
Price spread: −0.039% → −0.128%: $8.91
Slippage, 4 orders: −$1.86
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $60.02
Costs to cover: 0.089%
Break-even: from the start

Slippage from Lighter RH: live order book, 6 min ago; Deribit: live order book, 50 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, 6 min ago	0.70 bp	0.8 bp −$1	1.3 bp −$13	14.7 bp −$1,471	doesn't fit
Sell Deribit live order book, 50 min ago	0.12 bp	3.6 bp −$4	6.2 bp −$62	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	4,347	−0.024%	$3.4M	$12.3M	25x	as long as short
Gate XAU_USDT	0.0000%	4h	4,349	+0.023%	$266.5M	$417.7M	100x	as long as short
SunX XAU-USDT	0.0000%	4h	4,352.2	+0.097%	$92K	$8.9M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,342.9	−0.117%	$272K	—	250x	as long as short
Lighter XAU	+0.0032%	1h	4,346.1	−0.043%	$20.8M	$38.2M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,343.4	−0.106%	$13.2M	$38.2M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.056%	$619	$54	52x	as long as short
Lighter RH XAUlong	+0.0040%	1h	4,348	long leg	$20.1M	$39.5M	25x
StandX XAU-USD	+0.0040%	1h	4,348.3	+0.007%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0041%	1h	4,347	−0.023%	$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
Vest GC-PERP	+0.0046%	1h	4,380.1	+0.739%	—	$1.0M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0048%	1h	4,344.8	−0.073%	$2.0M	$4.8M	25x	as long as short
Kalshi KXGOLDPERP	+0.0049%	24h	4,346	−0.046%	$4.2M	$37.4M	15x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,344.3	−0.085%	$293.8M	$48.8M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,343.8	−0.097%	$15.1M	$56.8M	25x	as long as short
Hotstuff GOLD-PERP	+0.0056%	1h	4,344.4	−0.083%	$33K	—	25x	as long as short
Aster XAUUSD1	+0.0064%	4h	4,348.6	+0.014%	$71.4M	$333.1M	20x	as long as short
Variational Omni XAU	+0.0076%	4h	4,345.3	−0.062%	$48.4M	$28.2M	—	as long as short
Paradex XAU-USD-PERP	+0.0081%	8h	4,347.4	−0.014%	$19K	$5K	5x	as long as short
MEXC XAU_USDT	+0.0088%	4h	4,347.4	−0.014%	$372.7M	$320.5M	1000x	as long as short
GRVT XAU_USDT_Perp	+0.0090%	4h	4,347	−0.024%	$1.4M	$2.9M	25x	as long as short
Binance XAUUSDT	+0.0090%	4h	4,347.4	−0.013%	$413.9M	$2.10B	100x	as long as short
Pacifica XAU	+0.0100%	1h	4,343.7	−0.099%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,343.3	−0.108%	$274K	$203K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,340.2	−0.179%	$25K	$14K	20x	as long as short
edgeX XAUUSDC	+0.0101%	4h	4,342.2	−0.132%	$30.2M	$58.0M	50x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,346.7	−0.030%	$161K	$87	10x	as long as short
Phoenix GOLD	+0.0142%	1h	4,344.7	−0.076%	$47K	$77K	25x	as long as short
Polymarket Perps GOLD-USD	+0.0166%	1h	4,347.4	−0.014%	$4.3M	$2.0M	20x	as long as short
Bullet GOLD-USD	+0.0186%	1h	4,347.3	−0.016%	$59K	$82K	10x	as long as short
Kraken Futures PF_XAUUSD	+0.0194%	1h	4,344.8	−0.074%	$593K	$132K	25x	as long as short
Phemex XAUUSDT	+0.0225%	4h	4,349.4	+0.032%	$2.2M	$967K	100x	as long as short
Bitget XAUUSDT	+0.0234%	4h	4,347.8	−0.004%	$70.1M	$109.1M	100x	as long as short
Bybit XAUUSDT	+0.0240%	4h	4,348.5	+0.011%	$85.2M	$145.4M	150x	as long as short
OKX XAU-USDT-SWAP	+0.0300%	8h	4,348.9	+0.021%	$165.3M	$282.0M	100x	as long as short
Deribit GOLD_USDC-PERPETUALshort	+0.0326%	1h	4,346.3	−0.039%	$206K	$825K	25x
BloFin XAU-USDT	+0.0330%	4h	4,347.7	−0.006%	$15.6M	$4.5M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0418% / S −0.0240%	1h	4,347.2	−0.018%	$248K	—	111x	as long as short
HTX XAU-USDT	+0.0617%	4h	4,351.3	+0.076%	$2.8M	$4.6M	75x	as long as short