Funding you earn now, next payment 08:00 UTC−0.0064%/8h= −7.0% APRnext payment −$0.08 per $10,000 · paid last 24h +0.002%
Price spread now: Lighter against Extended+0.072%7-day average +0.044% · you sell dearer than you buy
Net, funding: paid 7d − costs+$1as in the Funding arb table
Net, price: spread back to 7d avg − costs−$4as in the Price arb table
costs, in and out, $10k−$70.069% of the position
Funding, last 7 days+0.083%+$8 on $10k
+Price spread, last 7 days−0.047%−$5 · spread now +0.072%, 7d avg +0.044%
=Together, before fees+0.036%+ Points / potential airdropExtended: Active · Lighter: Season 3 · farm board+$4 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.028% dearer against Extended than usual: you sell high and buy low (spread +0.072% now, against its 7-day average of +0.044%): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 35 hours. Mind the row above: over the last 7 days funding on this pair paid +0.083%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended XAU-USD | 4,321.8 | 0.0128 | pay 0.0016% / 1h | 34m 26s | $13.2M | $36.8M | 25x |
| Short | Lighter XAU | 4,324.9 | 0.0064 | get 0.0008% / 1h | 34m 26s | $20.3M | $29.1M | 25x |
Extended XAU-USD
Lighter XAUFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Extended. 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
- −$13.44
- Price spread: +0.072% → +0.044%
- $2.78
- Slippage, 4 orders
- −$1.92
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$17.58
- Costs to cover
- 0.069%
- Break-even
- never at this rate
Slippage from Extended: live order book, 5 min ago; Lighter: live order book, 9 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 Extended live order book, 5 min ago | 0.12 bp | 2.6 bp −$3 | 3.9 bp −$39 | 8.0 bp −$799 | doesn't fit |
| Sell Lighter live order book, 9 min ago | 0.81 bp | 0.9 bp −$1 | 1.7 bp −$17 | 9.4 bp −$937 | 20.5 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 | |
|---|---|---|---|---|---|---|---|---|
| Bluefin GOLD-PERP | −0.0105% | 1h | 4,320.7 | −0.027% | $25K | $1K | 20x | as long as short |
| Hotstuff GOLD-PERP | −0.0096% | 1h | 4,322.4 | +0.013% | $32K | — | 25x | as long as short |
| SunX XAU-USDT | 0.0000% | 4h | 4,330.3 | +0.196% | $92K | $7.3M | 20x | as long as short |
| gTrade (Gains Network) XAU/USD | L +0.0002% / S −0.0003% | 1h | 4,322.7 | +0.020% | $270K | — | 250x | as long as short |
| Injective XAU/USDC PERP | +0.0033% | 1h | 4,350.4 | +0.661% | $619 | $54 | 52x | as long as short |
| StandX XAU-USD | +0.0040% | 1h | 4,327.2 | +0.124% | $3.8M | $4.5M | 40x | as long as short |
| QFEX GOLD-USD | +0.0045% | 1h | 4,324.6 | +0.064% | $5.4M | $2.0M | 20x | as long as short |
| Vest GC-PERP | +0.0046% | 1h | 4,358.4 | +0.846% | — | $1.0M | 25x | as long as short |
| Bybit XAUUSDT | +0.0049% | 4h | 4,327.9 | +0.139% | $77.6M | $153.2M | 150x | as long as short |
| tradeXYZ xyz:GOLD | +0.0050% | 1h | 4,323 | +0.027% | $291.8M | $51.5M | 25x | as long as short |
Bluefin GOLD-PERP
Hotstuff GOLD-PERP
SunX XAU-USDT
gTrade (Gains Network) XAU/USD
Injective XAU/USDC PERP
StandX XAU-USD
QFEX GOLD-USD
Vest GC-PERP
Bybit XAUUSDT
tradeXYZ xyz:GOLDShow 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 | 4,321.5 | −0.009% | $15.0M | $55.6M | 25x | as long as short |
| Aster XAUUSD1 | +0.0056% | 4h | 4,327.4 | +0.129% | $72.9M | $272.0M | 20x | as long as short |
| Lighter XAUshort | +0.0064% | 1h | 4,324.9 | +0.072% | $20.3M | $29.1M | 25x | |
| Paradex XAU-USD-PERP | +0.0066% | 8h | 4,325.1 | +0.076% | $2K | $14K | 5x | as long as short |
| Coinbase International GOLD-PERP-INTX | +0.0072% | 1h | 4,322.9 | +0.024% | $2.1M | $4.8M | 25x | as long as short |
| Variational Omni XAU | +0.0089% | 4h | 4,324.9 | +0.070% | $47.2M | $29.3M | — | as long as short |
| Kalshi KXGOLDPERP | +0.0092% | 24h | 4,327.3 | +0.126% | $3.8M | $44.6M | 15x | as long as short |
| Phoenix GOLD | +0.0096% | 1h | 4,323.8 | +0.045% | $47K | $79K | 25x | as long as short |
| MEXC XAU_USDT | +0.0098% | 4h | 4,326.2 | +0.100% | $364.0M | $327.3M | 1000x | as long as short |
| GRVT XAU_USDT_Perp | +0.0098% | 4h | 4,326.6 | +0.110% | $1.4M | $3.1M | 25x | as long as short |
| Binance XAUUSDT | +0.0100% | 4h | 4,326.8 | +0.115% | $425.3M | $2.13B | 100x | as long as short |
| Pacifica XAU | +0.0100% | 1h | 4,322.4 | +0.013% | $1.4M | $1.2M | 10x | as long as short |
| ApeX Omni XAUUSDT | +0.0100% | 1h | 4,324.5 | +0.061% | $272K | $208K | 50x | as long as short |
| Aevo XAU-PERP | +0.0104% | 1h | 4,324.9 | +0.071% | $160K | $87 | 10x | as long as short |
| Gate XAU_USDT | +0.0106% | 4h | 4,328.5 | +0.154% | $285.1M | $415.9M | 100x | as long as short |
| edgeX XAUUSDC | +0.0117% | 4h | 4,323.1 | +0.029% | $30.1M | $59.6M | 50x | as long as short |
| Lighter RH XAU | +0.0120% | 1h | 4,327.6 | +0.133% | $20.0M | $39.1M | 25x | as long as short |
| Extended XAU-USDlong | +0.0128% | 1h | 4,321.8 | long leg | $13.2M | $36.8M | 25x | |
| Bitget XAUUSDT | +0.0194% | 4h | 4,326.1 | +0.099% | $70.2M | $118.6M | 100x | as long as short |
| Bullet GOLD-USD | +0.0204% | 1h | 4,326 | +0.097% | $58K | $81K | 10x | as long as short |
| Polymarket Perps GOLD-USD | +0.0219% | 1h | 4,326.2 | +0.101% | $4.3M | $1.9M | 20x | as long as short |
| Kraken Futures PF_XAUUSD | +0.0228% | 1h | 4,323 | +0.027% | $578K | $135K | 25x | as long as short |
| Deribit GOLD_USDC-PERPETUAL | +0.0236% | 1h | 4,324.2 | +0.054% | $163K | $870K | 25x | as long as short |
| OKX XAU-USDT-SWAP | +0.0276% | 8h | 4,326.8 | +0.115% | $173.8M | $299.3M | 100x | as long as short |
| BloFin XAU-USDT | +0.0339% | 4h | 4,325.8 | +0.091% | $16.4M | $4.6M | 100x | as long as short |
| Phemex XAUUSDT | +0.0362% | 4h | 4,328.9 | +0.164% | $2.2M | $975K | 100x | as long as short |
| HTX XAU-USDT | +0.0411% | 4h | 4,331.9 | +0.232% | $3.2M | $5.9M | 75x | as long as short |
| GMX GOLD/USD [ETH-USDC] | L +0.0463% / S −0.0307% | 1h | 4,326 | +0.097% | $253K | — | 111x | as long as short |
| RISEx XAU/USDC | +0.0643% | 1h | 4,326.1 | +0.099% | $4.6M | $13.3M | 25x | as long as short |
Ondo Perps XAU-USD.P
Aster XAUUSD1
Paradex XAU-USD-PERP
Coinbase International GOLD-PERP-INTX
Variational Omni XAU
Kalshi KXGOLDPERP
Phoenix GOLD
MEXC XAU_USDT
GRVT XAU_USDT_Perp
Binance XAUUSDT
Pacifica XAU
ApeX Omni XAUUSDT
Aevo XAU-PERP
Gate XAU_USDT
edgeX XAUUSDC
Lighter RH XAU
Bitget XAUUSDT
Bullet GOLD-USD
Polymarket Perps GOLD-USD
Kraken Futures PF_XAUUSD
Deribit GOLD_USDC-PERPETUAL
OKX XAU-USDT-SWAP
BloFin XAU-USDT
Phemex XAUUSDT
HTX XAU-USDT
GMX GOLD/USD [ETH-USDC]
RISEx XAU/USDC