XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0140%/8h= −15.3% APRnext payment −$0.17 per $10,000 · paid last 24h −0.049%

Price spread now: Lighter RH against Kraken Futures+0.124%7-day average +0.084% · you sell dearer than you buy

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$210.213% of the position

Long on Kraken Futures Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days−0.247%−$25 on $10k

Price spread, last 4 days (all we have)−0.052%−$5 · spread now +0.124%, 7d avg +0.084%

Together, before fees−0.300%+ Points / potential airdropLighter RH: Points live · farm board−$30 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter RH is 0.040% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.124% now, against its 7-day average of +0.084%): +$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 23 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_XAUUSD	4,321.2	0.0228	pay 0.0028% / 1h	57m 00s	$578K	$136K	25x
Short	Lighter RH XAU	4,326.5	0.0088	get 0.0011% / 1h	57m 00s	$20.0M	$38.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Kraken Futures. 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 Kraken FuturesbpFee Lighter RHbpOrdersPrice spread, now +0.124%Rate

Funding earned: −$29.35
Price spread: +0.124% → +0.084%: $4.02
Slippage, 4 orders: −$11.31
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$46.64
Costs to cover: 0.213%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 46 min ago; Lighter RH: live order book, 2 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 Kraken Futures live order book, 46 min ago	3.15 bp	8.2 bp −$8	12.1 bp −$121	doesn't fit	doesn't fit
Sell Lighter RH live order book, 2 min ago	0.57 bp	0.6 bp −$1	2.0 bp −$20	6.1 bp −$608	doesn't fit

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	−0.0124%	1h	4,318.3	−0.066%	$25K	$1K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,329.5	+0.192%	$92K	$7.5M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,320.2	−0.023%	$270K	—	250x	as long as short
Bybit XAUUSDT	+0.0026%	4h	4,325.5	+0.101%	$76.9M	$153.9M	150x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.677%	$619	$54	52x	as long as short
Lighter XAU	+0.0040%	1h	4,324	+0.066%	$20.3M	$28.8M	25x	as long as short
StandX XAU-USD	+0.0040%	1h	4,324.7	+0.082%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0045%	1h	4,322.7	+0.035%	$5.4M	$2.0M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,355.5	+0.794%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,320.5	−0.016%	$291.5M	$51.6M	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	4,319	−0.051%	$15.0M	$55.7M	25x	as long as short
Hotstuff GOLD-PERP	+0.0056%	1h	4,320.6	−0.013%	$32K	—	25x	as long as short
Aster XAUUSD1	+0.0060%	4h	4,326.5	+0.123%	$72.7M	$273.0M	20x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,319.3	−0.043%	$2.1M	$4.9M	25x	as long as short
Paradex XAU-USD-PERP	+0.0073%	8h	4,322.6	+0.032%	$2K	$14K	5x	as long as short
Kalshi KXGOLDPERP	+0.0085%	24h	4,324.6	+0.079%	$3.8M	$44.3M	15x	as long as short
Lighter RH XAUshort	+0.0088%	1h	4,326.5	+0.124%	$20.0M	$38.5M	25x
Variational Omni XAU	+0.0094%	4h	4,321.5	+0.007%	$47.2M	$29.1M	—	as long as short
GRVT XAU_USDT_Perp	+0.0098%	4h	4,321.8	+0.015%	$1.4M	$3.0M	25x	as long as short
Phoenix GOLD	+0.0100%	1h	4,319.5	−0.039%	$47K	$79K	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,319.3	−0.043%	$1.4M	$1.2M	10x	as long as short
MEXC XAU_USDT	+0.0100%	4h	4,324.9	+0.085%	$365.2M	$324.4M	1000x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,318.8	−0.056%	$272K	$208K	50x	as long as short
Binance XAUUSDT	+0.0100%	4h	4,324.8	+0.085%	$424.7M	$2.14B	100x	as long as short
Gate XAU_USDT	+0.0102%	4h	4,326.2	+0.115%	$279.4M	$407.8M	100x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,323.5	+0.054%	$160K	$87	10x	as long as short
edgeX XAUUSDC	+0.0110%	4h	4,319	−0.051%	$30.1M	$59.2M	50x	as long as short
Extended XAU-USD	+0.0136%	1h	4,319.9	−0.030%	$12.9M	$36.1M	25x	as long as short
Bullet GOLD-USD	+0.0166%	1h	4,323.3	+0.049%	$59K	$81K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0192%	1h	4,322.7	+0.035%	$4.3M	$2.0M	20x	as long as short
Bitget XAUUSDT	+0.0206%	4h	4,324.7	+0.081%	$68.0M	$118.3M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0213%	1h	4,324	+0.065%	$163K	$860K	25x	as long as short
Kraken Futures PF_XAUUSDlong	+0.0228%	1h	4,321.2	long leg	$578K	$136K	25x
OKX XAU-USDT-SWAP	+0.0293%	8h	4,325.3	+0.096%	$173.3M	$300.8M	100x	as long as short
BloFin XAU-USDT	+0.0340%	4h	4,324.8	+0.085%	$16.4M	$4.6M	100x	as long as short
HTX XAU-USDT	+0.0343%	4h	4,330.3	+0.210%	$3.2M	$5.8M	75x	as long as short
Phemex XAUUSDT	+0.0366%	4h	4,325.9	+0.110%	$2.2M	$975K	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0462% / S −0.0307%	1h	4,323.9	+0.064%	$253K	—	111x	as long as short
RISEx XAU/USDC	+0.0643%	1h	4,325.6	+0.103%	$4.1M	$12.8M	25x	as long as short