Funding you earn now, next payment 09:00 UTC−0.0120%/8h= −13.1% APRpaid last 24h −0.036%
Price spread now: Lighter against Bitget−0.020%7-day average −0.056% · you buy dearer than you sell
Net, funding: paid 7d − costs−$22as in the Funding arb table
Net, price: spread back to 7d avg − costs−$10as in the Price arb table
costs, in and out, $10k−$140.139% of the position
Funding, last 7 days−0.077%−$8 on $10k
+Price spread, last 7 days−0.002%$0 · spread now −0.020%, 7d avg −0.056%
=Together, before fees−0.079%+ Points / potential airdropLighter: Season 3 · farm board−$8 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.036% dearer against Bitget than usual: you sell high and buy low (spread −0.020% now, against its 7-day average of −0.056%): +$4 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 24 hours. At the pace of the last 7 days (−0.077% in total) that is about 3.3 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget XAUUSDT | 4,312 | 0.0200 | pay 0.0100% / 4h | 3h 21m | $70.0M | $127.5M | 100x |
| Short | Lighter XAU | 4,311.1 | 0.0080 | get 0.0010% / 1h | 21m 01s | $20.2M | $29.6M | 25x |
Bitget XAUUSDT
Lighter XAUFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Bitget. 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
- −$25.2
- Price spread: −0.020% → −0.056%
- $3.63
- Slippage, 4 orders
- −$1.93
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$35.49
- Costs to cover
- 0.139%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 8 min ago; Lighter: live order book, 8 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 Bitget live order book, 8 min ago | 0.01 bp | 6.0 bp −$6 | 7.0 bp −$70 | 10.8 bp −$1,081 | doesn't fit |
| Sell Lighter live order book, 8 min ago | 0.44 bp | 1.3 bp −$1 | 3.4 bp −$34 | 10.0 bp −$998 | 20.3 bp −$10.2K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff GOLD-PERP | −0.0016% | 1h | 4,305.9 | −0.141% | $32K | — | 25x | as long as short |
| SunX XAU-USDT | 0.0000% | 4h | 4,315.2 | +0.074% | $92K | $6.7M | 20x | as long as short |
| gTrade (Gains Network) XAU/USD | L +0.0002% / S −0.0003% | 1h | 4,305.5 | −0.150% | $273K | — | 250x | as long as short |
| Injective XAU/USDC PERP | +0.0033% | 1h | 4,350.4 | +0.891% | $619 | $54 | 52x | as long as short |
| Vest GC-PERP | +0.0046% | 1h | 4,341.9 | +0.693% | — | $1.0M | 25x | as long as short |
| QFEX GOLD-USD | +0.0046% | 1h | 4,308.5 | −0.081% | $6.6M | $3.1M | 20x | as long as short |
| tradeXYZ xyz:GOLD | +0.0050% | 1h | 4,308.3 | −0.086% | $291.0M | $54.5M | 25x | as long as short |
| Polymarket Perps GOLD-USD | +0.0050% | 1h | 4,307.9 | −0.095% | $4.3M | $1.8M | 20x | as long as short |
| Ondo Perps XAU-USD.P | +0.0050% | 1h | 4,306.4 | −0.131% | $15.0M | $56.0M | 25x | as long as short |
| Coinbase International GOLD-PERP-INTX | +0.0056% | 1h | 4,306.7 | −0.123% | $2.0M | $5.1M | 25x | as long as short |
Hotstuff GOLD-PERP
SunX XAU-USDT
gTrade (Gains Network) XAU/USD
Injective XAU/USDC PERP
Vest GC-PERP
QFEX GOLD-USD
tradeXYZ xyz:GOLD
Polymarket Perps GOLD-USD
Ondo Perps XAU-USD.P
Coinbase International GOLD-PERP-INTXShow all 39 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex XAU-USD-PERP | +0.0062% | 8h | 4,308.9 | −0.071% | $2K | $13K | 5x | as long as short |
| Aster XAUUSD1 | +0.0062% | 4h | 4,313.8 | +0.042% | $73.6M | $271.5M | 20x | as long as short |
| StandX XAU-USD | +0.0077% | 1h | 4,308.4 | −0.083% | $3.8M | $4.5M | 40x | as long as short |
| Lighter XAUshort | +0.0080% | 1h | 4,311.1 | −0.020% | $20.2M | $29.6M | 25x | |
| Phoenix GOLD | +0.0095% | 1h | 4,301.6 | −0.241% | $42K | $86K | 25x | as long as short |
| Variational Omni XAU | +0.0095% | 4h | 4,295.8 | −0.376% | $46.6M | $29.4M | — | as long as short |
| Extended XAU-USD | +0.0096% | 1h | 4,307.2 | −0.112% | $13.0M | $36.1M | 25x | as long as short |
| Pacifica XAU | +0.0100% | 1h | 4,305.4 | −0.153% | $1.4M | $1.2M | 10x | as long as short |
| ApeX Omni XAUUSDT | +0.0100% | 1h | 4,301.8 | −0.238% | $273K | $219K | 50x | as long as short |
| Lighter RH XAU | +0.0104% | 1h | 4,313.4 | +0.032% | $19.8M | $40.6M | 25x | as long as short |
| Aevo XAU-PERP | +0.0112% | 1h | 4,310.5 | −0.035% | $160K | $87 | 10x | as long as short |
| Kalshi KXGOLDPERP | +0.0114% | 24h | 4,312.8 | +0.019% | $3.6M | $47.1M | 15x | as long as short |
| edgeX XAUUSDC | +0.0117% | 4h | 4,300.7 | −0.261% | $30.0M | $62.5M | 50x | as long as short |
| MEXC XAU_USDT | +0.0118% | 4h | 4,312 | +0.001% | $360.3M | $347.4M | 1000x | as long as short |
| Binance XAUUSDT | +0.0123% | 4h | 4,311.9 | −0.003% | $437.3M | $2.26B | 100x | as long as short |
| RISEx XAU/USDC | +0.0126% | 1h | 4,308.8 | −0.075% | $4.5M | $13.4M | 25x | as long as short |
| Bybit XAUUSDT | +0.0134% | 4h | 4,313.3 | +0.030% | $79.7M | $161.2M | 150x | as long as short |
| Gate XAU_USDT | +0.0178% | 4h | 4,314.5 | +0.057% | $302.1M | $436.1M | 100x | as long as short |
| GRVT XAU_USDT_Perp | +0.0188% | 4h | 4,306.4 | −0.130% | $1.4M | $3.1M | 25x | as long as short |
| Bullet GOLD-USD | +0.0198% | 1h | 4,311.3 | −0.017% | $58K | $77K | 10x | as long as short |
| Bitget XAUUSDTlong | +0.0200% | 4h | 4,312 | long leg | $70.0M | $127.5M | 100x | |
| Deribit GOLD_USDC-PERPETUAL | +0.0214% | 1h | 4,310.4 | −0.037% | $133K | $831K | 25x | as long as short |
| OKX XAU-USDT-SWAP | +0.0251% | 8h | 4,312.9 | +0.021% | $170.6M | $341.7M | 100x | as long as short |
| Kraken Futures PF_XAUUSD | +0.0328% | 1h | 4,308.6 | −0.080% | $573K | $139K | 25x | as long as short |
| BloFin XAU-USDT | +0.0394% | 4h | 4,311.7 | −0.006% | $16.4M | $5.2M | 100x | as long as short |
| GMX GOLD/USD [ETH-USDC] | L +0.0465% / S −0.0313% | 1h | 4,311.9 | −0.002% | $254K | — | 111x | as long as short |
| Phemex XAUUSDT | +0.0512% | 4h | 4,312.6 | +0.015% | $2.2M | $986K | 100x | as long as short |
| HTX XAU-USDT | +0.1220% | 4h | 4,318.1 | +0.141% | $3.2M | $6.8M | 75x | as long as short |
| Bluefin GOLD-PERP | +0.2471% | 1h | 4,304.6 | −0.171% | $25K | $1K | 20x | as long as short |
Paradex XAU-USD-PERP
Aster XAUUSD1
StandX XAU-USD
Phoenix GOLD
Variational Omni XAU
Extended XAU-USD
Pacifica XAU
ApeX Omni XAUUSDT
Lighter RH XAU
Aevo XAU-PERP
Kalshi KXGOLDPERP
edgeX XAUUSDC
MEXC XAU_USDT
Binance XAUUSDT
RISEx XAU/USDC
Bybit XAUUSDT
Gate XAU_USDT
GRVT XAU_USDT_Perp
Bullet GOLD-USD
Deribit GOLD_USDC-PERPETUAL
OKX XAU-USDT-SWAP
Kraken Futures PF_XAUUSD
BloFin XAU-USDT
GMX GOLD/USD [ETH-USDC]
Phemex XAUUSDT
HTX XAU-USDT
Bluefin GOLD-PERP