XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0120%/8h= −13.2% APRnext payment −$0.15 per $10,000 · paid last 24h −0.009%

Price spread now: Lighter against RISEx−0.082%7-day average −0.050% · 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−$11as in the Price arb table

costs, in and out, $10k−$80.076% of the position

Long on RISEx Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.029%−$3 on $10k

Price spread, last 7 days+0.055%+$6 · spread now −0.082%, 7d avg −0.050%

Together, before fees+0.026%+ Points / potential airdropLighter: Season 3 · farm board+$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Lighter is 0.032% cheaper against RISEx than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.050%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx XAU/USDC	4,325.1	0.0184	pay 0.0023% / 1h	24m 10s	$4.2M	$12.9M	25x
Short	Lighter XAU	4,321.5	0.0064	get 0.0008% / 1h	24m 10s	$20.3M	$30.6M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against RISEx. 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 RISExbpFee LighterbpOrdersPrice spread, now −0.082%Rate

Funding earned: −$25.26
Price spread: −0.082% → −0.050%: −$3.25
Slippage, 4 orders: −$1.64
Fee RISEx: 3 bp × 2 orders: −$6
Fee Lighter: 0 bp × 2 orders: $0
Net: −$36.15
Costs to cover: 0.076%
Break-even: never at this rate

Slippage from RISEx: live order book, 5 min ago; Lighter: live order book, 5 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 RISEx live order book, 5 min ago	0.13 bp	3.4 bp −$3	3.7 bp −$37	32.9 bp −$3,285	doesn't fit
Sell Lighter live order book, 5 min ago	0.28 bp	0.3 bp $0	2.1 bp −$21	8.7 bp −$870	19.2 bp −$9,584

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	−0.0064%	1h	4,318.2	−0.158%	$25K	$1K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,326.6	+0.036%	$92K	$7.7M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,318.9	−0.143%	$270K	—	250x	as long as short
Bybit XAUUSDT	+0.0011%	4h	4,323.9	−0.026%	$77.3M	$154.8M	150x	as long as short
Hotstuff GOLD-PERP	+0.0032%	1h	4,319	−0.140%	$32K	—	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.586%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,323.4	−0.039%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0042%	1h	4,322	−0.071%	$5.4M	$2.0M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,354.3	+0.676%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,318.9	−0.143%	$291.5M	$51.2M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps XAU-USD.P	+0.0050%	1h	4,318.2	−0.159%	$15.0M	$55.3M	25x	as long as short
Lighter XAUshort	+0.0064%	1h	4,321.5	−0.082%	$20.3M	$30.6M	25x
Aster XAUUSD1	+0.0067%	4h	4,324.8	−0.006%	$72.5M	$276.9M	20x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,320.3	−0.110%	$2.1M	$4.9M	25x	as long as short
Paradex XAU-USD-PERP	+0.0075%	8h	4,321.8	−0.076%	$2K	$13K	5x	as long as short
Kalshi KXGOLDPERP	+0.0078%	24h	4,323.8	−0.029%	$3.8M	$43.7M	15x	as long as short
GRVT XAU_USDT_Perp	+0.0082%	4h	4,323.1	−0.045%	$1.4M	$3.0M	25x	as long as short
Extended XAU-USD	+0.0088%	1h	4,318	−0.163%	$12.9M	$37.0M	25x	as long as short
Variational Omni XAU	+0.0090%	4h	4,322.1	−0.068%	$47.3M	$28.9M	—	as long as short
MEXC XAU_USDT	+0.0096%	4h	4,322.6	−0.056%	$362.0M	$331.0M	1000x	as long as short
Binance XAUUSDT	+0.0097%	4h	4,323.2	−0.044%	$417.2M	$2.12B	100x	as long as short
Phoenix GOLD	+0.0100%	1h	4,319.6	−0.126%	$47K	$79K	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,318.8	−0.145%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,319.8	−0.121%	$272K	$208K	50x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,321.8	−0.075%	$160K	$87	10x	as long as short
edgeX XAUUSDC	+0.0108%	4h	4,318.8	−0.146%	$30.0M	$59.5M	50x	as long as short
Gate XAU_USDT	+0.0110%	4h	4,324.7	−0.009%	$281.0M	$418.7M	100x	as long as short
Lighter RH XAU	+0.0112%	1h	4,324.3	−0.018%	$19.8M	$38.9M	25x	as long as short
Kraken Futures PF_XAUUSD	+0.0154%	1h	4,319.2	−0.136%	$584K	$135K	25x	as long as short
Bullet GOLD-USD	+0.0179%	1h	4,322.2	−0.067%	$59K	$82K	10x	as long as short
RISEx XAU/USDClong	+0.0184%	1h	4,325.1	long leg	$4.2M	$12.9M	25x
Polymarket Perps GOLD-USD	+0.0209%	1h	4,322.1	−0.069%	$4.3M	$1.9M	20x	as long as short
Bitget XAUUSDT	+0.0222%	4h	4,322.6	−0.056%	$67.7M	$118.0M	100x	as long as short
HTX XAU-USDT	+0.0261%	4h	4,325.3	+0.006%	$2.8M	$4.9M	75x	as long as short
OKX XAU-USDT-SWAP	+0.0303%	8h	4,323.4	−0.039%	$171.9M	$298.4M	100x	as long as short
Phemex XAUUSDT	+0.0330%	4h	4,325.3	+0.005%	$2.2M	$967K	100x	as long as short
BloFin XAU-USDT	+0.0337%	4h	4,322.4	−0.063%	$16.2M	$4.6M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0398%	1h	4,321.8	−0.076%	$191K	$836K	25x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0462% / S −0.0307%	1h	4,322	−0.070%	$252K	—	111x	as long as short