Funding you earn now, next payment 11:00 UTC+0.0165%/8h= +18.1% APRnext payment +$0.21 per $10,000 · paid last 24h +0.046%
Price spread now: Kraken Futures against Lighter RH−0.096%7-day average −0.084% · you buy dearer than you sell
Net, funding: paid 7d − costs+$7as in the Funding arb table
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$190.185% of the position
Funding, last 7 days+0.258%+$26 on $10k
+Price spread, last 4 days (all we have)+0.031%+$3 · spread now −0.096%, 7d avg −0.084%
=Together, before fees+0.289%+ Points / potential airdropLighter RH: Points live · farm board+$29 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.084%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH XAU | 4,336.4 | 0.0088 | pay 0.0011% / 1h | 42m 17s | $19.7M | $40.0M | 25x |
| Short | Kraken Futures PF_XAUUSD | 4,332.2 | 0.0253 | get 0.0032% / 1h | 42m 17s | $583K | $169K | 25x |
Lighter RH XAU
Kraken Futures PF_XAUUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $34.71
- Price spread: −0.096% → −0.084%
- −$1.21
- Slippage, 4 orders
- −$8.52
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $14.99
- Costs to cover
- 0.185%
- Break-even
- 4.0 days
Slippage from Lighter RH: live order book, 5 min ago; Kraken Futures: 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 RH live order book, 5 min ago | 0.45 bp | 0.5 bp $0 | 0.6 bp −$6 | 13.9 bp −$1,386 | doesn't fit |
| Sell Kraken Futures live order book, 4 min ago | 2.40 bp | 9.3 bp −$9 | 19.3 bp −$193 | doesn't fit | doesn't fit |
XAU on 39 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff GOLD-PERP | −3.2000% | 1h | 4,318.3 | −0.417% | $32K | — | 25x | as long as short |
| Bluefin GOLD-PERP | −0.0020% | 1h | 4,328.2 | −0.188% | $25K | $1K | 20x | as long as short |
| SunX XAU-USDT | 0.0000% | 4h | 4,339.7 | +0.076% | $92K | $5.9M | 20x | as long as short |
| Coinbase International GOLD-PERP-INTX | 0.0000% | 1h | 4,330.6 | −0.133% | $2.1M | $5.1M | 25x | as long as short |
| gTrade (Gains Network) XAU/USD | L +0.0002% / S −0.0003% | 1h | 4,331.8 | −0.106% | $304K | — | 250x | as long as short |
| Deribit GOLD_USDC-PERPETUAL | +0.0004% | 1h | 4,333.8 | −0.059% | $135K | $707K | 25x | as long as short |
| Injective XAU/USDC PERP | +0.0033% | 1h | 4,350.4 | +0.324% | $619 | $54 | 52x | as long as short |
| StandX XAU-USD | +0.0040% | 1h | 4,336.1 | −0.006% | $3.8M | $4.5M | 40x | as long as short |
| QFEX GOLD-USD | +0.0041% | 1h | 4,334.3 | −0.048% | $6.7M | $3.2M | 20x | as long as short |
| Vest GC-PERP | +0.0046% | 1h | 4,368.7 | +0.745% | — | $1.0M | 25x | as long as short |
Hotstuff GOLD-PERP
Bluefin GOLD-PERP
SunX XAU-USDT
Coinbase International GOLD-PERP-INTX
gTrade (Gains Network) XAU/USD
Deribit GOLD_USDC-PERPETUAL
Injective XAU/USDC PERP
StandX XAU-USD
QFEX GOLD-USD
Vest GC-PERPShow all 39 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:GOLD | +0.0050% | 1h | 4,332.2 | −0.096% | $292.4M | $51.6M | 25x | as long as short |
| Ondo Perps XAU-USD.P | +0.0050% | 1h | 4,331.1 | −0.123% | $15.1M | $59.5M | 25x | as long as short |
| Aster XAUUSD1 | +0.0052% | 4h | 4,336.5 | +0.003% | $72.3M | $276.0M | 20x | as long as short |
| Paradex XAU-USD-PERP | +0.0054% | 8h | 4,334.9 | −0.035% | $2K | $13K | 5x | as long as short |
| Lighter XAU | +0.0072% | 1h | 4,334.4 | −0.046% | $20.2M | $30.4M | 25x | as long as short |
| Variational Omni XAU | +0.0074% | 4h | 4,333.5 | −0.065% | $47.3M | $29.2M | — | as long as short |
| Gate XAU_USDT | +0.0076% | 4h | 4,337 | +0.015% | $298.3M | $445.2M | 100x | as long as short |
| Polymarket Perps GOLD-USD | +0.0080% | 1h | 4,335.2 | −0.027% | $4.3M | $1.7M | 20x | as long as short |
| Lighter RH XAUlong | +0.0088% | 1h | 4,336.4 | long leg | $19.7M | $40.0M | 25x | |
| Binance XAUUSDT | +0.0091% | 4h | 4,335.1 | −0.029% | $441.7M | $2.43B | 100x | as long as short |
| MEXC XAU_USDT | +0.0092% | 4h | 4,335.3 | −0.025% | $366.7M | $353.5M | 1000x | as long as short |
| GRVT XAU_USDT_Perp | +0.0094% | 4h | 4,336.8 | +0.010% | $1.4M | $3.1M | 25x | as long as short |
| Pacifica XAU | +0.0100% | 1h | 4,331.6 | −0.111% | $1.4M | $1.3M | 10x | as long as short |
| ApeX Omni XAUUSDT | +0.0100% | 1h | 4,334 | −0.055% | $284K | $223K | 50x | as long as short |
| Aevo XAU-PERP | +0.0104% | 1h | 4,333.7 | −0.063% | $160K | $87 | 10x | as long as short |
| edgeX XAUUSDC | +0.0108% | 4h | 4,330.5 | −0.136% | $30.3M | $67.7M | 50x | as long as short |
| Extended XAU-USD | +0.0120% | 1h | 4,331.6 | −0.111% | $12.5M | $34.6M | 25x | as long as short |
| Bybit XAUUSDT | +0.0122% | 4h | 4,336.8 | +0.009% | $82.9M | $172.2M | 150x | as long as short |
| Phoenix GOLD | +0.0127% | 1h | 4,333.2 | −0.073% | $43K | $71K | 25x | as long as short |
| Kalshi KXGOLDPERP | +0.0137% | 24h | 4,335.7 | −0.016% | $3.5M | $51.1M | 15x | as long as short |
| Bullet GOLD-USD | +0.0161% | 1h | 4,335.2 | −0.027% | $59K | $76K | 10x | as long as short |
| RISEx XAU/USDC | +0.0205% | 1h | 4,335.5 | −0.020% | $4.7M | $13.2M | 25x | as long as short |
| Bitget XAUUSDT | +0.0210% | 4h | 4,335.2 | −0.026% | $72.9M | $139.7M | 100x | as long as short |
| Phemex XAUUSDT | +0.0227% | 4h | 4,337.2 | +0.018% | $2.3M | $777K | 100x | as long as short |
| OKX XAU-USDT-SWAP | +0.0237% | 8h | 4,336.5 | +0.003% | $170.8M | $361.4M | 100x | as long as short |
| Kraken Futures PF_XAUUSDshort | +0.0253% | 1h | 4,332.2 | −0.096% | $583K | $169K | 25x | |
| BloFin XAU-USDT | +0.0334% | 4h | 4,334.6 | −0.041% | $16.3M | $5.3M | 100x | as long as short |
| GMX GOLD/USD [ETH-USDC] | L +0.0460% / S −0.0308% | 1h | 4,334.6 | −0.040% | $253K | — | 111x | as long as short |
| HTX XAU-USDT | +0.1070% | 4h | 4,341.1 | +0.110% | $3.2M | $7.1M | 75x | as long as short |
tradeXYZ xyz:GOLD
Ondo Perps XAU-USD.P
Aster XAUUSD1
Paradex XAU-USD-PERP
Lighter XAU
Variational Omni XAU
Gate XAU_USDT
Polymarket Perps GOLD-USD
Binance XAUUSDT
MEXC XAU_USDT
GRVT XAU_USDT_Perp
Pacifica XAU
ApeX Omni XAUUSDT
Aevo XAU-PERP
edgeX XAUUSDC
Extended XAU-USD
Bybit XAUUSDT
Phoenix GOLD
Kalshi KXGOLDPERP
Bullet GOLD-USD
RISEx XAU/USDC
Bitget XAUUSDT
Phemex XAUUSDT
OKX XAU-USDT-SWAP
BloFin XAU-USDT
GMX GOLD/USD [ETH-USDC]
HTX XAU-USDT