XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0023%/8h= +2.5% APRnext payment +$0.03 per $10,000 · paid last 24h +0.009%

Price spread now: Lighter against Injective−0.161%66s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Injective Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Funding pays, the price is against you. Lighter is 0.161% cheaper against Injective than usual: you would sell low and buy high (spread −0.161% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$16 on $10k: about 24 days of funding at the current rate (+$1 a day). The two prices were read 66 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	Injective XAU/USDC PERP	4,350.4	0.0033	pay 0.0004% / 1h	14m 16s	$619	$54	52x
Short	Lighter XAU	4,343.4	0.0056	get 0.0007% / 1h	14m 16s	$20.7M	$34.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Injective. 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 InjectivebpFee LighterbpOrdersPrice spread, now −0.161%Rate

Funding earned: $4.76
Price spread: −0.161% → 0.000%: −$16.07
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Lighter: 0 bp × 2 orders: $0
Net: −$11.33
Costs to cover: 0.000%
Break-even: 23.7 days

Slippage unknown: Injective: no order-book sample; Lighter: live order book, 5 min ago. Net counts fees only.

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 Injective no order-book sample	—	—	—	—	—
Sell Lighter live order book, 5 min ago	0.60 bp	0.6 bp −$1	1.7 bp −$17	7.1 bp −$712	18.5 bp −$9,248

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
SunX XAU-USDT	0.0000%	4h	4,348.6	−0.042%	$92K	$8.6M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,340.3	−0.233%	$272K	—	250x	as long as short
RISEx XAU/USDC	+0.0005%	1h	4,344.7	−0.132%	$3.8M	$12.5M	25x	as long as short
Bluefin GOLD-PERP	+0.0007%	1h	4,337.5	−0.298%	$25K	$14K	20x	as long as short
Extended XAU-USD	+0.0032%	1h	4,340.3	−0.233%	$13.3M	$37.2M	25x	as long as short
Injective XAU/USDC PERPlong	+0.0033%	1h	4,350.4	long leg	$619	$54	52x
Hotstuff GOLD-PERP	+0.0040%	1h	4,340.6	−0.226%	$33K	—	25x	as long as short
StandX XAU-USD	+0.0040%	1h	4,345.1	−0.122%	$3.8M	$4.5M	40x	as long as short
Bybit XAUUSDT	+0.0041%	4h	4,345.4	−0.116%	$79.9M	$152.1M	150x	as long as short
QFEX GOLD-USD	+0.0042%	1h	4,344	−0.148%	$5.6M	$2.1M	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest GC-PERP	+0.0046%	1h	4,376.9	+0.609%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,341.1	−0.214%	$293.7M	$49.2M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,341.6	−0.203%	$15.0M	$56.9M	25x	as long as short
Kalshi KXGOLDPERP	+0.0051%	24h	4,341.9	−0.196%	$4.3M	$37.4M	15x	as long as short
Lighter XAUshort	+0.0056%	1h	4,343.4	−0.161%	$20.7M	$34.7M	25x
Coinbase International GOLD-PERP-INTX	+0.0056%	1h	4,339.3	−0.256%	$2.1M	$4.7M	25x	as long as short
Paradex XAU-USD-PERP	+0.0062%	8h	4,343.9	−0.149%	$19K	$5K	5x	as long as short
Gate XAU_USDT	+0.0076%	4h	4,345.7	−0.109%	$268.3M	$418.4M	100x	as long as short
Lighter RH XAU	+0.0080%	1h	4,345.8	−0.106%	$20.2M	$40.1M	25x	as long as short
Aster XAUUSD1	+0.0095%	4h	4,345.5	−0.114%	$71.5M	$331.7M	20x	as long as short
Pacifica XAU	+0.0100%	1h	4,340.4	−0.229%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,340.8	−0.220%	$274K	$203K	50x	as long as short
Variational Omni XAU	+0.0107%	4h	4,343.1	−0.169%	$48.4M	$27.5M	—	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,343.5	−0.159%	$161K	$87	10x	as long as short
MEXC XAU_USDT	+0.0118%	4h	4,344.4	−0.138%	$371.6M	$320.9M	1000x	as long as short
Binance XAUUSDT	+0.0120%	4h	4,344.4	−0.139%	$418.7M	$2.09B	100x	as long as short
Phoenix GOLD	+0.0136%	1h	4,340.9	−0.219%	$47K	$77K	25x	as long as short
edgeX XAUUSDC	+0.0136%	4h	4,340.1	−0.238%	$30.2M	$58.3M	50x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0165%	1h	4,343	−0.171%	$205K	$825K	25x	as long as short
GRVT XAU_USDT_Perp	+0.0172%	4h	4,344.3	−0.141%	$1.4M	$2.9M	25x	as long as short
Phemex XAUUSDT	+0.0182%	4h	4,347	−0.078%	$2.2M	$967K	100x	as long as short
Polymarket Perps GOLD-USD	+0.0208%	1h	4,344	−0.148%	$4.3M	$2.0M	20x	as long as short
Bullet GOLD-USD	+0.0210%	1h	4,344.5	−0.136%	$59K	$82K	10x	as long as short
Kraken Futures PF_XAUUSD	+0.0259%	1h	4,341	−0.216%	$592K	$132K	25x	as long as short
Bitget XAUUSDT	+0.0270%	4h	4,345.1	−0.123%	$71.1M	$109.3M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0327%	8h	4,345.2	−0.120%	$167.2M	$282.7M	100x	as long as short
BloFin XAU-USDT	+0.0359%	4h	4,344.1	−0.146%	$15.7M	$4.4M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0428% / S −0.0252%	1h	4,344.4	−0.137%	$250K	—	111x	as long as short
HTX XAU-USDT	+0.0488%	4h	4,346.8	−0.083%	$2.8M	$4.6M	75x	as long as short