XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0177%/8h= +19.4% APRnext payment +$0.22 per $10,000 · paid last 24h +0.021%

Price spread now: Polymarket Perps against Lighter+0.032%7-day average −0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$14as in the Funding arb table

Net, price: spread back to 7d avg − costs−$5as in the Price arb table

costs, in and out, $10k−$110.108% of the position

Long on Lighter Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.035%−$3 on $10k

Price spread, last 7 days−0.078%−$8 · spread now +0.032%, 7d avg −0.029%

Together, before fees−0.112%+ Points / potential airdropLighter: Season 3 · farm board−$11 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Polymarket Perps is 0.061% dearer against Lighter than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.029%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter XAU	4,340.1	0.0040	pay 0.0005% / 1h	41m 57s	$20.8M	$34.5M	25x
Short	Polymarket Perps GOLD-USD	4,341.5	0.0217	get 0.0027% / 1h	41m 57s	$4.3M	$2.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now +0.032%Rate

Funding earned: $37.16
Price spread: +0.032% → −0.029%: $6.1
Slippage, 4 orders: −$2.83
Fee Lighter: 0 bp × 2 orders: $0
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: $32.43
Costs to cover: 0.108%
Break-even: 0.9 days

Slippage from Lighter: live order book, 7 min ago; Polymarket Perps: 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 Lighter live order book, 7 min ago	0.26 bp	0.9 bp −$1	2.1 bp −$21	6.8 bp −$679	17.7 bp −$8,849
Sell Polymarket Perps live order book, 2 min ago	0.12 bp	4.1 bp −$4	4.3 bp −$43	5.0 bp −$499	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	−0.0024%	1h	4,335.8	−0.100%	$25K	$14K	20x	as long as short
Gate XAU_USDT	0.0000%	4h	4,343	+0.066%	$267.7M	$413.5M	100x	as long as short
SunX XAU-USDT	0.0000%	4h	4,345.8	+0.130%	$92K	$8.7M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,337.1	−0.069%	$271K	—	250x	as long as short
RISEx XAU/USDC	+0.0005%	1h	4,340.4	+0.007%	$3.5M	$12.1M	25x	as long as short
Lighter RH XAU	+0.0032%	1h	4,342.2	+0.048%	$20.0M	$39.2M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,336.9	−0.075%	$13.3M	$37.9M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.237%	$619	$54	52x	as long as short
Lighter XAUlong	+0.0040%	1h	4,340.1	long leg	$20.8M	$34.5M	25x
StandX XAU-USD	+0.0040%	1h	4,343.7	+0.082%	$3.8M	$4.5M	40x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX GOLD-USD	+0.0042%	1h	4,340.5	+0.009%	$5.7M	$2.0M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,374.1	+0.783%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,338.8	−0.030%	$293.5M	$49.3M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,337.7	−0.057%	$15.1M	$56.9M	25x	as long as short
Kalshi KXGOLDPERP	+0.0051%	24h	4,339.3	−0.019%	$4.3M	$37.5M	15x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0056%	1h	4,339.7	−0.010%	$2.1M	$4.8M	25x	as long as short
Bybit XAUUSDT	+0.0056%	4h	4,341.9	+0.040%	$80.5M	$151.4M	150x	as long as short
Hotstuff GOLD-PERP	+0.0072%	1h	4,339.7	−0.010%	$33K	—	25x	as long as short
Aster XAUUSD1	+0.0076%	4h	4,342.4	+0.053%	$71.4M	$332.4M	20x	as long as short
Paradex XAU-USD-PERP	+0.0083%	8h	4,341.1	+0.024%	$19K	$5K	5x	as long as short
Variational Omni XAU	+0.0087%	4h	4,342.7	+0.060%	$48.3M	$27.7M	—	as long as short
Pacifica XAU	+0.0100%	1h	4,338.2	−0.044%	$1.4M	$1.1M	10x	as long as short
MEXC XAU_USDT	+0.0100%	4h	4,341.4	+0.029%	$369.5M	$318.9M	1000x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,339.5	−0.014%	$274K	$203K	50x	as long as short
Binance XAUUSDT	+0.0102%	4h	4,341.3	+0.026%	$417.0M	$2.09B	100x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,340.7	+0.013%	$161K	$87	10x	as long as short
edgeX XAUUSDC	+0.0113%	4h	4,338.3	−0.041%	$30.2M	$58.3M	50x	as long as short
Phoenix GOLD	+0.0136%	1h	4,338.8	−0.030%	$47K	$77K	25x	as long as short
GRVT XAU_USDT_Perp	+0.0174%	4h	4,343.4	+0.076%	$1.4M	$2.9M	25x	as long as short
Bullet GOLD-USD	+0.0213%	1h	4,341.6	+0.035%	$59K	$82K	10x	as long as short
Polymarket Perps GOLD-USDshort	+0.0217%	1h	4,341.5	+0.032%	$4.3M	$2.0M	20x
Bitget XAUUSDT	+0.0246%	4h	4,341.8	+0.038%	$71.1M	$109.4M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0257%	1h	4,339.7	−0.010%	$205K	$827K	25x	as long as short
Kraken Futures PF_XAUUSD	+0.0259%	1h	4,338.3	−0.041%	$592K	$132K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0318%	8h	4,342.3	+0.050%	$166.4M	$281.7M	100x	as long as short
Phemex XAUUSDT	+0.0347%	4h	4,344.6	+0.104%	$2.2M	$967K	100x	as long as short
BloFin XAU-USDT	+0.0361%	4h	4,343.1	+0.070%	$15.6M	$4.4M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0427% / S −0.0252%	1h	4,341.6	+0.035%	$250K	—	111x	as long as short
HTX XAU-USDT	+0.0555%	4h	4,347	+0.158%	$2.8M	$4.6M	75x	as long as short