XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0009%/8h= −1.0% APRnext payment −$0.01 per $10,000 · paid last 24h +0.009%

Price spread now: Lighter against QFEX−0.021%7-day average −0.007% · 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−$18as in the Price arb table

costs, in and out, $10k−$170.166% of the position

Long on QFEX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.043%+$4 on $10k

Price spread, last 7 days+0.028%+$3 · spread now −0.021%, 7d avg −0.007%

Together, before fees+0.071%+ Points / potential airdropLighter: Season 3 · farm board+$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.007%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX GOLD-USD	4,345.6	0.0041	pay 0.0005% / 1h	11m 30s	$5.7M	$2.0M	20x
Short	Lighter XAU	4,344.7	0.0032	get 0.0004% / 1h	11m 30s	$20.8M	$38.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against QFEX. 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 QFEXbpFee LighterbpOrdersPrice spread, now −0.021%Rate

Funding earned: −$1.95
Price spread: −0.021% → −0.007%: −$1.4
Slippage, 4 orders: −$6.64
Fee QFEX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$19.99
Costs to cover: 0.166%
Break-even: never at this rate

Slippage from QFEX: live order book, 7 min ago; Lighter: live order book, 7 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 QFEX live order book, 7 min ago	2.64 bp	7.6 bp −$8	7.6 bp −$76	9.5 bp −$945	doesn't fit
Sell Lighter live order book, 7 min ago	0.60 bp	0.8 bp −$1	2.1 bp −$21	8.8 bp −$876	20.3 bp −$10.1K

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	4,345.6	−0.001%	$3.4M	$12.3M	25x	as long as short
Hotstuff GOLD-PERP	0.0000%	1h	4,342.7	−0.067%	$33K	—	25x	as long as short
Gate XAU_USDT	0.0000%	4h	4,347.6	+0.045%	$265.9M	$417.3M	100x	as long as short
SunX XAU-USDT	0.0000%	4h	4,350.7	+0.116%	$92K	$8.9M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,341.8	−0.088%	$272K	—	250x	as long as short
Lighter XAUshort	+0.0032%	1h	4,344.7	−0.021%	$20.8M	$38.2M	25x
Extended XAU-USD	+0.0032%	1h	4,341.8	−0.087%	$13.2M	$38.3M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.111%	$619	$54	52x	as long as short
Lighter RH XAU	+0.0040%	1h	4,346.7	+0.026%	$20.1M	$39.4M	25x	as long as short
StandX XAU-USD	+0.0040%	1h	4,346.8	+0.028%	$3.8M	$4.5M	40x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX GOLD-USDlong	+0.0041%	1h	4,345.6	long leg	$5.7M	$2.0M	20x
Vest GC-PERP	+0.0046%	1h	4,378.6	+0.759%	—	$1.0M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0048%	1h	4,343.7	−0.044%	$2.0M	$4.8M	25x	as long as short
Kalshi KXGOLDPERP	+0.0048%	24h	4,344.6	−0.023%	$4.2M	$37.4M	15x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,343.1	−0.058%	$293.8M	$49.0M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,342.3	−0.077%	$15.1M	$56.8M	25x	as long as short
Aster XAUUSD1	+0.0059%	4h	4,346.5	+0.021%	$71.2M	$333.2M	20x	as long as short
Variational Omni XAU	+0.0075%	4h	4,349.4	+0.088%	$48.4M	$28.0M	—	as long as short
Paradex XAU-USD-PERP	+0.0080%	8h	4,345.4	−0.005%	$19K	$5K	5x	as long as short
GRVT XAU_USDT_Perp	+0.0086%	4h	4,346.5	+0.020%	$1.4M	$2.9M	25x	as long as short
MEXC XAU_USDT	+0.0088%	4h	4,346.1	+0.012%	$372.0M	$320.4M	1000x	as long as short
Binance XAUUSDT	+0.0089%	4h	4,346.1	+0.011%	$413.8M	$2.10B	100x	as long as short
edgeX XAUUSDC	+0.0099%	4h	4,343.2	−0.056%	$30.2M	$58.3M	50x	as long as short
Pacifica XAU	+0.0100%	1h	4,342.5	−0.071%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,343.3	−0.054%	$274K	$203K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,340.7	−0.114%	$25K	$14K	20x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,344.8	−0.019%	$161K	$87	10x	as long as short
Phoenix GOLD	+0.0142%	1h	4,344.7	−0.021%	$47K	$77K	25x	as long as short
Polymarket Perps GOLD-USD	+0.0162%	1h	4,345.8	+0.005%	$4.3M	$2.0M	20x	as long as short
Bullet GOLD-USD	+0.0186%	1h	4,346	+0.010%	$59K	$82K	10x	as long as short
Kraken Futures PF_XAUUSD	+0.0194%	1h	4,343.2	−0.056%	$592K	$132K	25x	as long as short
Phemex XAUUSDT	+0.0231%	4h	4,349.3	+0.085%	$2.2M	$967K	100x	as long as short
Bitget XAUUSDT	+0.0232%	4h	4,346.5	+0.020%	$70.1M	$109.2M	100x	as long as short
Bybit XAUUSDT	+0.0240%	4h	4,347.3	+0.039%	$85.1M	$145.4M	150x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0257%	1h	4,344	−0.037%	$206K	$824K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0297%	8h	4,347.1	+0.035%	$165.3M	$282.0M	100x	as long as short
BloFin XAU-USDT	+0.0329%	4h	4,346.8	+0.027%	$15.6M	$4.5M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0418% / S −0.0239%	1h	4,346	+0.009%	$248K	—	111x	as long as short
HTX XAU-USDT	+0.0619%	4h	4,351.3	+0.131%	$2.8M	$4.6M	75x	as long as short