XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0060%/8h= +6.6% APRnext payment +$0.07 per $10,000 · paid last 24h +0.009%

Price spread now: Pacifica against Lighter−0.054%57s7-day average −0.046% · you buy dearer than you sell

Net, funding: paid 7d − costs−$13as in the Funding arb table

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

costs, in and out, $10k−$110.109% of the position

Long on Lighter Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.022%−$2 on $10k

Price spread, last 7 days−0.016%−$2 · spread now −0.054%, 7d avg −0.046%

Together, before fees−0.038%+ Points / potential airdropLighter: Season 3 · Pacifica: Active · farm board−$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.046%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. The two prices were read 57 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	Lighter XAU	4,321.9	0.0040	pay 0.0005% / 1h	57m 49s	$20.3M	$28.8M	25x
Short	Pacifica XAU	4,319.5	0.0100	get 0.0013% / 1h	57m 49s	$1.4M	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.054%Rate

Funding earned: $12.6
Price spread: −0.054% → −0.046%: −$0.83
Slippage, 4 orders: −$2.93
Fee Lighter: 0 bp × 2 orders: $0
Fee Pacifica: 4 bp × 2 orders: −$8
Net: $0.84
Costs to cover: 0.109%
Break-even: 6.5 days

Slippage from Lighter: live order book, 6 min ago; Pacifica: live order book, 1 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, 6 min ago	0.47 bp	0.5 bp $0	1.4 bp −$14	6.6 bp −$662	19.6 bp −$9,791
Sell Pacifica live order book, 1 min ago	0.12 bp	4.7 bp −$5	doesn't fit	doesn't fit	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	−0.0202%	1h	4,317	−0.112%	$25K	$1K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,327.6	+0.133%	$92K	$7.5M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,319.6	−0.053%	$270K	—	250x	as long as short
Bybit XAUUSDT	+0.0026%	4h	4,323.4	+0.036%	$76.9M	$154.1M	150x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.661%	$619	$54	52x	as long as short
Lighter XAUlong	+0.0040%	1h	4,321.9	long leg	$20.3M	$28.8M	25x
StandX XAU-USD	+0.0040%	1h	4,324.7	+0.066%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0045%	1h	4,323.2	+0.031%	$5.4M	$2.0M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,355.6	+0.781%	—	$1.0M	25x	as long as short
Hotstuff GOLD-PERP	+0.0048%	1h	4,319.2	−0.061%	$32K	—	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:GOLD	+0.0050%	1h	4,319.1	−0.064%	$291.4M	$51.6M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,320.1	−0.040%	$15.0M	$55.7M	25x	as long as short
Aster XAUUSD1	+0.0060%	4h	4,324.5	+0.061%	$72.7M	$273.1M	20x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,320.9	−0.022%	$2.1M	$4.9M	25x	as long as short
Paradex XAU-USD-PERP	+0.0074%	8h	4,322.6	+0.018%	$2K	$14K	5x	as long as short
Kalshi KXGOLDPERP	+0.0085%	24h	4,324.8	+0.068%	$3.8M	$44.3M	15x	as long as short
Lighter RH XAU	+0.0088%	1h	4,324.8	+0.068%	$20.0M	$38.5M	25x	as long as short
Variational Omni XAU	+0.0094%	4h	4,321.5	−0.009%	$47.2M	$29.1M	—	as long as short
GRVT XAU_USDT_Perp	+0.0098%	4h	4,321.8	−0.001%	$1.4M	$3.0M	25x	as long as short
Phoenix GOLD	+0.0100%	1h	4,317.3	−0.105%	$47K	$79K	25x	as long as short
Pacifica XAUshort	+0.0100%	1h	4,319.5	−0.054%	$1.4M	$1.2M	10x
MEXC XAU_USDT	+0.0100%	4h	4,323.3	+0.033%	$365.1M	$324.4M	1000x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,318.8	−0.071%	$272K	$208K	50x	as long as short
Binance XAUUSDT	+0.0100%	4h	4,322.9	+0.024%	$424.5M	$2.14B	100x	as long as short
Gate XAU_USDT	+0.0104%	4h	4,324.4	+0.059%	$279.3M	$407.6M	100x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,322.6	+0.018%	$160K	$87	10x	as long as short
edgeX XAUUSDC	+0.0110%	4h	4,318.4	−0.079%	$30.1M	$60.1M	50x	as long as short
Extended XAU-USD	+0.0136%	1h	4,319.5	−0.055%	$12.9M	$36.1M	25x	as long as short
Bullet GOLD-USD	+0.0166%	1h	4,323.3	+0.033%	$59K	$81K	10x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0167%	1h	4,322.3	+0.010%	$163K	$872K	25x	as long as short
Polymarket Perps GOLD-USD	+0.0183%	1h	4,323.4	+0.036%	$4.3M	$2.0M	20x	as long as short
Bitget XAUUSDT	+0.0208%	4h	4,322.5	+0.015%	$67.6M	$118.0M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0228%	1h	4,320.5	−0.031%	$577K	$136K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0294%	8h	4,323.2	+0.031%	$173.3M	$301.1M	100x	as long as short
HTX XAU-USDT	+0.0340%	4h	4,327.9	+0.139%	$3.2M	$5.8M	75x	as long as short
BloFin XAU-USDT	+0.0340%	4h	4,322.8	+0.023%	$16.3M	$4.6M	100x	as long as short
Phemex XAUUSDT	+0.0363%	4h	4,325.9	+0.094%	$2.2M	$975K	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0462% / S −0.0307%	1h	4,323.6	+0.041%	$252K	—	111x	as long as short
RISEx XAU/USDC	+0.0643%	1h	4,326.5	+0.108%	$4.1M	$12.8M	25x	as long as short