Funding you earn now, next payment 03:00 UTC−0.0054%/8h= −5.9% APRnext payment −$0.07 per $10,000 · paid last 24h +0.008%
Price spread now: RISEx against Lighter RH−0.042%7-day average +0.018% · 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−$14as in the Price arb table
costs, in and out, $10k−$80.080% of the position
Funding, last 4 days (all we have)+0.025%+$2 on $10k
+Price spread, last 7 days+0.084%+$8 · spread now −0.042%, 7d avg +0.018%
=Together, before fees+0.109%+ Points / potential airdropLighter RH: Points live · farm board+$11 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and RISEx is 0.059% cheaper against Lighter RH than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.018%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH XAU | 4,359.5 | 0.0064 | pay 0.0008% / 1h | 21m 17s | $20.2M | $39.7M | 25x |
| Short | RISEx XAU/USDC | 4,357.7 | 0.0010 | get 0.0001% / 1h | 21m 17s | $3.4M | $12.4M | 25x |
Lighter RH XAU
RISEx XAU/USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
RISEx 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
- −$11.26
- Price spread: −0.042% → +0.018%
- −$5.94
- Slippage, 4 orders
- −$2
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- −$25.2
- Costs to cover
- 0.080%
- Break-even
- never at this rate
Slippage from Lighter RH: live order book, 3 min ago; RISEx: live order book, 3 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, 3 min ago | 0.84 bp | 1.1 bp −$1 | 1.1 bp −$11 | 14.9 bp −$1,493 | doesn't fit |
| Sell RISEx live order book, 3 min ago | 0.01 bp | 3.1 bp −$3 | 3.9 bp −$39 | 41.0 bp −$4,100 | 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 | |
|---|---|---|---|---|---|---|---|---|
| SunX XAU-USDT | 0.0000% | 4h | 4,361.9 | +0.054% | $93K | $9.2M | 20x | as long as short |
| gTrade (Gains Network) XAU/USD | L +0.0002% / S −0.0003% | 1h | 4,353.4 | −0.139% | $267K | — | 250x | as long as short |
| Gate XAU_USDT | +0.0004% | 4h | 4,358.8 | −0.017% | $265.1M | $413.6M | 100x | as long as short |
| RISEx XAU/USDCshort | +0.0010% | 1h | 4,357.7 | −0.042% | $3.4M | $12.4M | 25x | |
| Extended XAU-USD | +0.0032% | 1h | 4,353.4 | −0.140% | $13.6M | $38.8M | 25x | as long as short |
| Injective XAU/USDC PERP | +0.0033% | 1h | 4,350.4 | −0.209% | $619 | $54 | 52x | as long as short |
| Kalshi KXGOLDPERP | +0.0039% | 24h | 4,356.8 | −0.062% | $4.1M | $37.1M | 15x | as long as short |
| StandX XAU-USD | +0.0040% | 1h | 4,358 | −0.035% | $3.8M | $4.6M | 40x | as long as short |
| Aster XAUUSD1 | +0.0044% | 4h | 4,358.2 | −0.029% | $70.6M | $333.9M | 20x | as long as short |
| Vest GC-PERP | +0.0046% | 1h | 4,391 | +0.722% | — | $1.0M | 25x | as long as short |
SunX XAU-USDT
gTrade (Gains Network) XAU/USD
Gate XAU_USDT
Extended XAU-USD
Injective XAU/USDC PERP
Kalshi KXGOLDPERP
StandX XAU-USD
Aster XAUUSD1
Vest GC-PERPShow all 39 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX GOLD-USD | +0.0046% | 1h | 4,357.2 | −0.053% | $5.6M | $1.9M | 20x | as long as short |
| Coinbase International GOLD-PERP-INTX | +0.0048% | 1h | 4,354.8 | −0.108% | $2.0M | $4.9M | 25x | as long as short |
| tradeXYZ xyz:GOLD | +0.0050% | 1h | 4,354.3 | −0.120% | $294.2M | $48.7M | 25x | as long as short |
| Ondo Perps XAU-USD.P | +0.0050% | 1h | 4,354.4 | −0.117% | $15.1M | $57.1M | 25x | as long as short |
| GRVT XAU_USDT_Perp | +0.0054% | 4h | 4,358.9 | −0.014% | $1.4M | $3.0M | 25x | as long as short |
| Lighter XAU | +0.0056% | 1h | 4,357.3 | −0.050% | $20.7M | $42.3M | 25x | as long as short |
| Variational Omni XAU | +0.0057% | 4h | 4,355.6 | −0.089% | $48.3M | $27.9M | — | as long as short |
| Lighter RH XAUlong | +0.0064% | 1h | 4,359.5 | long leg | $20.2M | $39.7M | 25x | |
| Hotstuff GOLD-PERP | +0.0064% | 1h | 4,355 | −0.103% | $33K | — | 25x | as long as short |
| MEXC XAU_USDT | +0.0072% | 4h | 4,357.4 | −0.048% | $373.3M | $319.3M | 1000x | as long as short |
| Binance XAUUSDT | +0.0073% | 4h | 4,357.3 | −0.051% | $412.0M | $2.10B | 100x | as long as short |
| Paradex XAU-USD-PERP | +0.0079% | 8h | 4,358.3 | −0.028% | $19K | $5K | 5x | as long as short |
| edgeX XAUUSDC | +0.0090% | 4h | 4,351.8 | −0.178% | $30.3M | $58.4M | 50x | as long as short |
| Aevo XAU-PERP | +0.0096% | 1h | 4,356.4 | −0.072% | $161K | $87 | 10x | as long as short |
| Pacifica XAU | +0.0100% | 1h | 4,354.6 | −0.112% | $1.4M | $1.1M | 10x | as long as short |
| ApeX Omni XAUUSDT | +0.0100% | 1h | 4,357.1 | −0.056% | $275K | $203K | 50x | as long as short |
| Phemex XAUUSDT | +0.0121% | 4h | 4,358.5 | −0.024% | $2.2M | $1.1M | 100x | as long as short |
| Polymarket Perps GOLD-USD | +0.0122% | 1h | 4,356.6 | −0.067% | $4.3M | $1.9M | 20x | as long as short |
| Phoenix GOLD | +0.0136% | 1h | 4,356.1 | −0.078% | $48K | $77K | 25x | as long as short |
| Deribit GOLD_USDC-PERPETUAL | +0.0186% | 1h | 4,355.7 | −0.087% | $254K | $751K | 25x | as long as short |
| Bullet GOLD-USD | +0.0198% | 1h | 4,357.5 | −0.046% | $60K | $83K | 10x | as long as short |
| Bybit XAUUSDT | +0.0201% | 4h | 4,358.9 | −0.015% | $84.5M | $145.4M | 150x | as long as short |
| Bitget XAUUSDT | +0.0212% | 4h | 4,357.6 | −0.043% | $70.3M | $109.5M | 100x | as long as short |
| OKX XAU-USDT-SWAP | +0.0254% | 8h | 4,358.7 | −0.019% | $165.4M | $283.2M | 100x | as long as short |
| Kraken Futures PF_XAUUSD | +0.0269% | 1h | 4,354.6 | −0.112% | $594K | $133K | 25x | as long as short |
| BloFin XAU-USDT | +0.0292% | 4h | 4,358.7 | −0.020% | $15.6M | $4.6M | 100x | as long as short |
| Bluefin GOLD-PERP | +0.0331% | 1h | 4,351.3 | −0.189% | $25K | $14K | 20x | as long as short |
| GMX GOLD/USD [ETH-USDC] | L +0.0401% / S −0.0214% | 1h | 4,357.5 | −0.046% | $249K | — | 111x | as long as short |
| HTX XAU-USDT | +0.0567% | 4h | 4,363.4 | +0.089% | $2.9M | $4.2M | 75x | as long as short |
QFEX GOLD-USD
Coinbase International GOLD-PERP-INTX
tradeXYZ xyz:GOLD
Ondo Perps XAU-USD.P
GRVT XAU_USDT_Perp
Lighter XAU
Variational Omni XAU
Hotstuff GOLD-PERP
MEXC XAU_USDT
Binance XAUUSDT
Paradex XAU-USD-PERP
edgeX XAUUSDC
Aevo XAU-PERP
Pacifica XAU
ApeX Omni XAUUSDT
Phemex XAUUSDT
Polymarket Perps GOLD-USD
Phoenix GOLD
Deribit GOLD_USDC-PERPETUAL
Bullet GOLD-USD
Bybit XAUUSDT
Bitget XAUUSDT
OKX XAU-USDT-SWAP
Kraken Futures PF_XAUUSD
BloFin XAU-USDT
Bluefin GOLD-PERP
GMX GOLD/USD [ETH-USDC]
HTX XAU-USDT