Funding you earn now, next payment 06:00 UTC+0.0105%/8h= +11.5% APRnext payment +$0.13 per $10,000 · paid last 24h +0.014%
Price spread now: Polymarket Perps against Lighter RH−0.038%46s7-day average −0.062% · you buy dearer than you sell
Net, funding: paid 7d − costs−$9as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$120.120% of the position
Funding, last 7 days+0.027%+$3 on $10k
+Price spread, last 7 days+0.008%+$1 · spread now −0.038%, 7d avg −0.062%
=Together, before fees+0.036%+ Points / potential airdropLighter RH: Points live · farm board+$4 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Polymarket Perps is 0.024% dearer against Lighter RH than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.062%. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH XAU | 4,335.3 | 0.0072 | pay 0.0009% / 1h | 9m 45s | $19.9M | $39.0M | 25x |
| Short | Polymarket Perps GOLD-USD | 4,333.6 | 0.0177 | get 0.0022% / 1h | 9m 45s | $4.2M | $2.0M | 20x |
Lighter RH XAU
Polymarket Perps GOLD-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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
- $21.97
- Price spread: −0.038% → −0.062%
- $2.41
- Slippage, 4 orders
- −$4.01
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- $12.38
- Costs to cover
- 0.120%
- Break-even
- 3.1 days
Slippage from Lighter RH: live order book, 4 min ago; Polymarket Perps: 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, 4 min ago | 1.24 bp | 1.2 bp −$1 | 1.4 bp −$14 | 16.8 bp −$1,682 | doesn't fit |
| Sell Polymarket Perps live order book, 4 min ago | 0.12 bp | 5.2 bp −$5 | 5.7 bp −$57 | 6.3 bp −$635 | 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 | −0.0049% | 1h | 4,326.7 | −0.198% | $25K | $14K | 20x | as long as short |
| SunX XAU-USDT | 0.0000% | 4h | 4,337.6 | +0.055% | $92K | $8.1M | 20x | as long as short |
| gTrade (Gains Network) XAU/USD | L +0.0002% / S −0.0003% | 1h | 4,329.9 | −0.125% | $271K | — | 250x | as long as short |
| Bybit XAUUSDT | +0.0006% | 4h | 4,334.9 | −0.009% | $78.4M | $156.7M | 150x | as long as short |
| Extended XAU-USD | +0.0032% | 1h | 4,331.3 | −0.090% | $13.1M | $36.8M | 25x | as long as short |
| Injective XAU/USDC PERP | +0.0033% | 1h | 4,350.4 | +0.350% | $619 | $54 | 52x | as long as short |
| StandX XAU-USD | +0.0040% | 1h | 4,333 | −0.052% | $3.8M | $4.5M | 40x | as long as short |
| QFEX GOLD-USD | +0.0044% | 1h | 4,332.7 | −0.059% | $5.4M | $2.1M | 20x | as long as short |
| Vest GC-PERP | +0.0046% | 1h | 4,365.6 | +0.700% | — | $1.0M | 25x | as long as short |
| Lighter XAU | +0.0048% | 1h | 4,332.8 | −0.057% | $20.4M | $31.8M | 25x | as long as short |
Bluefin GOLD-PERP
SunX XAU-USDT
gTrade (Gains Network) XAU/USD
Bybit XAUUSDT
Extended XAU-USD
Injective XAU/USDC PERP
StandX XAU-USD
QFEX GOLD-USD
Vest GC-PERP
Lighter XAUShow all 39 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:GOLD | +0.0050% | 1h | 4,330.3 | −0.114% | $292.0M | $51.5M | 25x | as long as short |
| Ondo Perps XAU-USD.P | +0.0050% | 1h | 4,330.4 | −0.112% | $15.0M | $56.5M | 25x | as long as short |
| RISEx XAU/USDC | +0.0054% | 1h | 4,334.8 | −0.012% | $3.8M | $12.5M | 25x | as long as short |
| Kalshi KXGOLDPERP | +0.0063% | 24h | 4,334.7 | −0.013% | $4.0M | $42.2M | 15x | as long as short |
| Gate XAU_USDT | +0.0068% | 4h | 4,335.1 | −0.004% | $271.9M | $416.7M | 100x | as long as short |
| Lighter RH XAUlong | +0.0072% | 1h | 4,335.3 | long leg | $19.9M | $39.0M | 25x | |
| Coinbase International GOLD-PERP-INTX | +0.0072% | 1h | 4,330.9 | −0.101% | $2.0M | $4.8M | 25x | as long as short |
| Paradex XAU-USD-PERP | +0.0072% | 8h | 4,334.2 | −0.025% | $19K | $5K | 5x | as long as short |
| Aster XAUUSD1 | +0.0097% | 4h | 4,334.9 | −0.008% | $72.3M | $330.2M | 20x | as long as short |
| Pacifica XAU | +0.0100% | 1h | 4,330.5 | −0.110% | $1.4M | $1.2M | 10x | as long as short |
| ApeX Omni XAUUSDT | +0.0100% | 1h | 4,324.2 | −0.256% | $272K | $208K | 50x | as long as short |
| Variational Omni XAU | +0.0101% | 4h | 4,331.5 | −0.087% | $46.8M | $28.6M | — | as long as short |
| GRVT XAU_USDT_Perp | +0.0102% | 4h | 4,325.7 | −0.221% | $1.4M | $3.0M | 25x | as long as short |
| Hotstuff GOLD-PERP | +0.0104% | 1h | 4,329.6 | −0.131% | $32K | — | 25x | as long as short |
| MEXC XAU_USDT | +0.0110% | 4h | 4,333.8 | −0.033% | $363.9M | $330.8M | 1000x | as long as short |
| Binance XAUUSDT | +0.0111% | 4h | 4,333.7 | −0.037% | $414.8M | $2.12B | 100x | as long as short |
| Aevo XAU-PERP | +0.0112% | 1h | 4,333.8 | −0.033% | $160K | $87 | 10x | as long as short |
| Phoenix GOLD | +0.0127% | 1h | 4,326.6 | −0.200% | $47K | $77K | 25x | as long as short |
| edgeX XAUUSDC | +0.0128% | 4h | 4,322.8 | −0.288% | $30.1M | $60.2M | 50x | as long as short |
| Bullet GOLD-USD | +0.0160% | 1h | 4,333.7 | −0.036% | $58K | $82K | 10x | as long as short |
| Polymarket Perps GOLD-USDshort | +0.0177% | 1h | 4,333.6 | −0.038% | $4.2M | $2.0M | 20x | |
| HTX XAU-USDT | +0.0232% | 4h | 4,336.7 | +0.034% | $2.8M | $5.0M | 75x | as long as short |
| Kraken Futures PF_XAUUSD | +0.0247% | 1h | 4,331.5 | −0.087% | $590K | $130K | 25x | as long as short |
| Bitget XAUUSDT | +0.0256% | 4h | 4,333.5 | −0.042% | $68.1M | $119.0M | 100x | as long as short |
| Deribit GOLD_USDC-PERPETUAL | +0.0258% | 1h | 4,334.2 | −0.024% | $195K | $826K | 25x | as long as short |
| OKX XAU-USDT-SWAP | +0.0332% | 8h | 4,333.7 | −0.036% | $170.8M | $297.3M | 100x | as long as short |
| BloFin XAU-USDT | +0.0359% | 4h | 4,333.3 | −0.045% | $16.0M | $4.5M | 100x | as long as short |
| Phemex XAUUSDT | +0.0387% | 4h | 4,335.2 | −0.001% | $2.2M | $962K | 100x | as long as short |
| GMX GOLD/USD [ETH-USDC] | L +0.0460% / S −0.0302% | 1h | 4,334 | −0.029% | $253K | — | 111x | as long as short |
tradeXYZ xyz:GOLD
Ondo Perps XAU-USD.P
RISEx XAU/USDC
Kalshi KXGOLDPERP
Gate XAU_USDT
Coinbase International GOLD-PERP-INTX
Paradex XAU-USD-PERP
Aster XAUUSD1
Pacifica XAU
ApeX Omni XAUUSDT
Variational Omni XAU
GRVT XAU_USDT_Perp
Hotstuff GOLD-PERP
MEXC XAU_USDT
Binance XAUUSDT
Aevo XAU-PERP
Phoenix GOLD
edgeX XAUUSDC
Bullet GOLD-USD
HTX XAU-USDT
Kraken Futures PF_XAUUSD
Bitget XAUUSDT
Deribit GOLD_USDC-PERPETUAL
OKX XAU-USDT-SWAP
BloFin XAU-USDT
Phemex XAUUSDT
GMX GOLD/USD [ETH-USDC]