XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0062%/8h= +6.8% APRnext payment +$0.08 per $10,000 · paid last 24h +0.020%

Price spread now: Lighter against gTrade (Gains Network)+0.068%101s7-day average +0.073% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$2682.683% of the position

Long on gTrade (Gains Network)Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.052%+$5 on $10k

Price spread, last 4 days (all we have)−0.049%−$5 · spread now +0.068%, 7d avg +0.073%

Together, before fees+0.003%+ Points / potential airdropLighter: Season 3 · farm board$0 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.073%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. The two prices were read 101 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) XAU/USD	4,318.9	L +0.0002% / S −0.0003%	pay 0.0000% / 1h	24m 29s	$270K	—	250x
Short	Lighter XAU	4,321.8	0.0064	get 0.0008% / 1h	24m 29s	$20.3M	$30.6M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee LighterbpOrdersPrice spread, now +0.068%Rate

Funding earned: $12.95
Price spread: +0.068% → +0.073%: −$0.49
Slippage, 4 orders: −$261.3
Fee gTrade (Gains Network): 3.5 bp × 2 orders: −$7
Fee Lighter: 0 bp × 2 orders: $0
Net: −$255.85
Costs to cover: 2.683%
Break-even: 145.3 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 50 min ago; Lighter: live order book, 14 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 gTrade (Gains Network) virtual book (oracle venue), 50 min ago	130.01 bp	133.5 bp −$134	196.7 bp −$1,967	1352.9 bp −$135.3K	5907.8 bp −$2.95M
Sell Lighter live order book, 14 min ago	0.29 bp	0.9 bp −$1	2.0 bp −$20	9.9 bp −$986	21.4 bp −$10.7K

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	−0.0087%	1h	4,316.6	−0.054%	$25K	$1K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,327.2	+0.193%	$92K	$7.7M	20x	as long as short
gTrade (Gains Network) XAU/USDlong	L +0.0002% / S −0.0003%	1h	4,318.9	long leg	$270K	—	250x
Bybit XAUUSDT	+0.0011%	4h	4,322.6	+0.085%	$77.3M	$154.8M	150x	as long as short
Hotstuff GOLD-PERP	+0.0032%	1h	4,319	+0.003%	$32K	—	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.730%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,323.4	+0.105%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0042%	1h	4,322	+0.072%	$5.4M	$2.0M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,354.3	+0.820%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,318.6	−0.006%	$291.4M	$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	−0.016%	$15.0M	$55.3M	25x	as long as short
Lighter XAUshort	+0.0064%	1h	4,321.8	+0.068%	$20.3M	$30.6M	25x
Aster XAUUSD1	+0.0067%	4h	4,324.4	+0.127%	$72.5M	$276.9M	20x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,320.3	+0.033%	$2.1M	$4.9M	25x	as long as short
Paradex XAU-USD-PERP	+0.0075%	8h	4,321.8	+0.067%	$2K	$13K	5x	as long as short
Kalshi KXGOLDPERP	+0.0077%	24h	4,323.9	+0.116%	$3.8M	$43.7M	15x	as long as short
Extended XAU-USD	+0.0080%	1h	4,318.5	−0.008%	$12.9M	$37.0M	25x	as long as short
GRVT XAU_USDT_Perp	+0.0082%	4h	4,323.1	+0.098%	$1.4M	$3.0M	25x	as long as short
Variational Omni XAU	+0.0090%	4h	4,322.1	+0.075%	$47.3M	$28.9M	—	as long as short
MEXC XAU_USDT	+0.0096%	4h	4,322	+0.073%	$362.0M	$331.0M	1000x	as long as short
Binance XAUUSDT	+0.0097%	4h	4,321.7	+0.066%	$417.1M	$2.12B	100x	as long as short
Phoenix GOLD	+0.0100%	1h	4,319.6	+0.017%	$47K	$79K	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,318.8	−0.002%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,319.8	+0.022%	$272K	$208K	50x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,322.1	+0.074%	$160K	$87	10x	as long as short
edgeX XAUUSDC	+0.0108%	4h	4,318.8	−0.002%	$30.0M	$59.5M	50x	as long as short
Gate XAU_USDT	+0.0110%	4h	4,324.8	+0.137%	$281.2M	$418.6M	100x	as long as short
Lighter RH XAU	+0.0112%	1h	4,324.4	+0.128%	$19.8M	$38.9M	25x	as long as short
Kraken Futures PF_XAUUSD	+0.0153%	1h	4,320	+0.026%	$584K	$135K	25x	as long as short
Bullet GOLD-USD	+0.0179%	1h	4,322.2	+0.076%	$59K	$82K	10x	as long as short
RISEx XAU/USDC	+0.0184%	1h	4,325.1	+0.143%	$4.2M	$12.9M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0209%	1h	4,322.1	+0.075%	$4.3M	$1.9M	20x	as long as short
Bitget XAUUSDT	+0.0222%	4h	4,321.5	+0.060%	$67.7M	$118.0M	100x	as long as short
HTX XAU-USDT	+0.0254%	4h	4,328.5	+0.222%	$2.8M	$4.9M	75x	as long as short
OKX XAU-USDT-SWAP	+0.0304%	8h	4,322.2	+0.077%	$171.8M	$298.0M	100x	as long as short
Phemex XAUUSDT	+0.0330%	4h	4,325.7	+0.159%	$2.2M	$967K	100x	as long as short
BloFin XAU-USDT	+0.0337%	4h	4,322.4	+0.080%	$16.2M	$4.6M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0352%	1h	4,321.8	+0.068%	$191K	$836K	25x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0462% / S −0.0307%	1h	4,322	+0.073%	$252K	—	111x	as long as short