XAU

Alert: funding

Alert: spread

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: Extended against Lighter−0.074%7-day average −0.044% · you buy dearer than you sell

Net, funding: paid 7d − costs−$15as in the Funding arb table

Net, price: spread back to 7d avg − costs−$10as in the Price arb table

costs, in and out, $10k−$70.069% of the position

Long on Lighter Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.083%−$8 on $10k

Price spread, last 7 days+0.049%+$5 · spread now −0.074%, 7d avg −0.044%

Together, before fees−0.034%+ Points / potential airdropLighter: Season 3 · Extended: Active · farm board−$3 on $10k · with fees, hour by hour

Funding pays, the price is against you. Extended is 0.030% cheaper against Lighter than usual: you would sell low and buy high (spread −0.074% now, against its 7-day average of −0.044%). If the spread goes back, that is −$3 on $10k: about 37 hours of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.083%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter XAU	4,324.8	0.0064	pay 0.0008% / 1h	35m 08s	$20.4M	$29.1M	25x
Short	Extended XAU-USD	4,321.6	0.0128	get 0.0016% / 1h	35m 08s	$13.2M	$36.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Lighter. 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 LighterbpFee ExtendedbpOrdersPrice spread, now −0.074%Rate

Funding earned: $13.44
Price spread: −0.074% → −0.044%: −$2.99
Slippage, 4 orders: −$1.92
Fee Lighter: 0 bp × 2 orders: $0
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $3.53
Costs to cover: 0.069%
Break-even: 5.2 days

Slippage from Lighter: live order book, 9 min ago; Extended: live order book, 4 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 Lighter live order book, 9 min ago	0.81 bp	0.8 bp −$1	2.1 bp −$21	7.0 bp −$696	17.1 bp −$8,544
Sell Extended live order book, 4 min ago	0.12 bp	2.6 bp −$3	3.2 bp −$32	8.3 bp −$825	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	−0.0111%	1h	4,319.9	−0.113%	$25K	$1K	20x	as long as short
Hotstuff GOLD-PERP	−0.0096%	1h	4,322.2	−0.059%	$32K	—	25x	as long as short
SunX XAU-USDT	0.0000%	4h	4,330.3	+0.129%	$92K	$7.3M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,321.5	−0.076%	$270K	—	250x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.593%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,328.4	+0.084%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0045%	1h	4,324.6	−0.004%	$5.4M	$2.0M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,358.3	+0.775%	—	$1.0M	25x	as long as short
Bybit XAUUSDT	+0.0047%	4h	4,327.4	+0.061%	$77.6M	$153.2M	150x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,323	−0.041%	$291.8M	$51.5M	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	4,321.4	−0.078%	$15.0M	$55.6M	25x	as long as short
Aster XAUUSD1	+0.0056%	4h	4,327.2	+0.057%	$72.9M	$272.0M	20x	as long as short
Lighter XAUlong	+0.0064%	1h	4,324.8	long leg	$20.4M	$29.1M	25x
Paradex XAU-USD-PERP	+0.0066%	8h	4,324.9	+0.004%	$2K	$14K	5x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,322.9	−0.043%	$2.1M	$4.8M	25x	as long as short
Variational Omni XAU	+0.0089%	4h	4,324.9	+0.003%	$47.2M	$29.3M	—	as long as short
Kalshi KXGOLDPERP	+0.0092%	24h	4,327.3	+0.059%	$3.8M	$44.6M	15x	as long as short
Phoenix GOLD	+0.0096%	1h	4,323.8	−0.022%	$47K	$79K	25x	as long as short
MEXC XAU_USDT	+0.0098%	4h	4,326.4	+0.037%	$363.7M	$327.2M	1000x	as long as short
GRVT XAU_USDT_Perp	+0.0098%	4h	4,326.6	+0.042%	$1.4M	$3.1M	25x	as long as short
Binance XAUUSDT	+0.0099%	4h	4,326.2	+0.033%	$425.2M	$2.13B	100x	as long as short
Pacifica XAU	+0.0100%	1h	4,322	−0.064%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,324.5	−0.007%	$272K	$208K	50x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,324.9	+0.003%	$160K	$87	10x	as long as short
Gate XAU_USDT	+0.0106%	4h	4,328	+0.076%	$284.7M	$415.4M	100x	as long as short
edgeX XAUUSDC	+0.0117%	4h	4,323.1	−0.039%	$30.1M	$59.6M	50x	as long as short
Lighter RH XAU	+0.0120%	1h	4,327.9	+0.071%	$20.0M	$39.1M	25x	as long as short
Extended XAU-USDshort	+0.0128%	1h	4,321.6	−0.074%	$13.2M	$36.8M	25x
Bitget XAUUSDT	+0.0194%	4h	4,325.6	+0.020%	$70.2M	$118.6M	100x	as long as short
Bullet GOLD-USD	+0.0204%	1h	4,326	+0.029%	$58K	$81K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0218%	1h	4,325.7	+0.022%	$4.3M	$1.9M	20x	as long as short
Kraken Futures PF_XAUUSD	+0.0228%	1h	4,323	−0.041%	$578K	$135K	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0236%	1h	4,324.2	−0.013%	$163K	$870K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0277%	8h	4,326.2	+0.033%	$173.7M	$299.4M	100x	as long as short
BloFin XAU-USDT	+0.0339%	4h	4,325.8	+0.023%	$16.4M	$4.6M	100x	as long as short
Phemex XAUUSDT	+0.0362%	4h	4,328.9	+0.096%	$2.2M	$975K	100x	as long as short
HTX XAU-USDT	+0.0411%	4h	4,331.9	+0.164%	$3.2M	$5.9M	75x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0463% / S −0.0307%	1h	4,326	+0.029%	$253K	—	111x	as long as short
RISEx XAU/USDC	+0.0643%	1h	4,325.7	+0.021%	$4.6M	$13.3M	25x	as long as short