XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0039%/8h= −4.2% APRnext payment −$0.05 per $10,000 · paid last 24h −0.011%

Price spread now: Injective against Lighter−0.536%7-day average — · you buy dearer than you sell

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

Long on Lighter Short on Injective

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

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Injective is 0.536% cheaper against Lighter than usual: you would sell low and buy high (−$54 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter XAU	4,373.9	0.0072	pay 0.0009% / 1h	47m 09s	$20.8M	$43.3M	25x
Short	Injective XAU/USDC PERP	4,350.4	0.0033	get 0.0004% / 1h	47m 09s	$619	$54	52x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −0.536%Rate

Funding earned: −$8.12
Price spread: −0.536% → 0.000%: −$53.64
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$61.78
Costs to cover: 0.000%
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 7 min ago; Injective: no order-book sample. 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 Lighter live order book, 7 min ago	0.45 bp	0.4 bp $0	1.9 bp −$19	7.8 bp −$782	19.0 bp −$9,525
Sell Injective no order-book sample	—	—	—	—	—

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
Bluefin GOLD-PERP	−0.0106%	1h	4,368	−0.134%	$26K	$21K	20x	as long as short
Hotstuff GOLD-PERP	−0.0032%	1h	4,372.3	−0.036%	$33K	—	25x	as long as short
Aster XAUUSD1	0.0000%	4h	4,374.6	+0.016%	$71.2M	$208.2M	20x	as long as short
Binance XAUUSDT	0.0000%	4h	4,374.9	+0.023%	$410.1M	$2.15B	100x	as long as short
MEXC XAU_USDT	0.0000%	4h	4,374.9	+0.023%	$374.2M	$321.4M	1000x	as long as short
Variational Omni XAU	0.0000%	4h	4,374.3	+0.011%	$48.7M	$27.9M	—	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,371.9	−0.045%	$4.0M	$36.6M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,378.8	+0.111%	$93K	$10.4M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,370.1	−0.086%	$268K	—	250x	as long as short
Bitget XAUUSDT	+0.0004%	4h	4,374.9	+0.023%	$69.7M	$114.4M	100x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate XAU_USDT	+0.0006%	4h	4,375.6	+0.039%	$266.2M	$409.7M	100x	as long as short
edgeX XAUUSDC	+0.0018%	4h	4,371.2	−0.062%	$30.4M	$60.2M	50x	as long as short
Injective XAU/USDC PERPshort	+0.0033%	1h	4,350.4	−0.536%	$619	$54	52x
StandX XAU-USD	+0.0040%	1h	4,376.4	+0.058%	$3.8M	$4.7M	40x	as long as short
QFEX GOLD-USD	+0.0045%	1h	4,374.6	+0.016%	$5.6M	$1.9M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,409.6	+0.817%	—	$1.0M	25x	as long as short
RISEx XAU/USDC	+0.0048%	1h	4,375.1	+0.029%	$3.4M	$12.3M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,371.2	−0.061%	$294.6M	$52.5M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,370.7	−0.072%	$14.7M	$57.4M	25x	as long as short
Phoenix GOLD	+0.0055%	1h	4,375.3	+0.032%	$48K	$64K	25x	as long as short
Paradex XAU-USD-PERP	+0.0069%	8h	4,374.7	+0.019%	$19K	$5K	5x	as long as short
Lighter XAUlong	+0.0072%	1h	4,373.9	long leg	$20.8M	$43.3M	25x
Lighter RH XAU	+0.0080%	1h	4,376.4	+0.057%	$20.3M	$40.9M	25x	as long as short
Aevo XAU-PERP	+0.0080%	1h	4,373.5	−0.008%	$162K	$87	10x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0096%	1h	4,371.1	−0.064%	$2.0M	$5.1M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,372.7	−0.027%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,373.2	−0.016%	$277K	$204K	50x	as long as short
Polymarket Perps GOLD-USD	+0.0104%	1h	4,374	+0.003%	$4.3M	$1.8M	20x	as long as short
Extended XAU-USD	+0.0120%	1h	4,370.3	−0.082%	$13.3M	$44.1M	25x	as long as short
GRVT XAU_USDT_Perp	+0.0138%	4h	4,376.4	+0.058%	$1.4M	$3.1M	25x	as long as short
OKX XAU-USDT-SWAP	+0.0172%	8h	4,376.2	+0.053%	$164.4M	$284.9M	100x	as long as short
Bybit XAUUSDT	+0.0176%	4h	4,375.6	+0.039%	$83.4M	$144.5M	150x	as long as short
Bullet GOLD-USD	+0.0188%	1h	4,374.7	+0.018%	$59K	$82K	10x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0208%	1h	4,372.6	−0.029%	$236K	$655K	25x	as long as short
Kraken Futures PF_XAUUSD	+0.0225%	1h	4,372	−0.043%	$596K	$146K	25x	as long as short
BloFin XAU-USDT	+0.0240%	4h	4,374.8	+0.021%	$15.0M	$4.6M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0390% / S −0.0197%	1h	4,374.6	+0.016%	$252K	—	111x	as long as short
Phemex XAUUSDT	+0.0510%	4h	4,377	+0.072%	$2.2M	$1.1M	100x	as long as short
HTX XAU-USDT	+0.0559%	4h	4,382	+0.185%	$2.9M	$3.8M	75x	as long as short