XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0063%/8h= +6.9% APRnext payment +$0.08 per $10,000 · paid last 24h +0.026%

Price spread now: RISEx against Lighter+0.024%7-day average +0.050% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$11as in the Price arb table

costs, in and out, $10k−$80.080% of the position

Long on Lighter Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.030%+$3 on $10k

Price spread, last 7 days+0.009%+$1 · spread now +0.024%, 7d avg +0.050%

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

Funding pays, the price is against you. RISEx is 0.026% cheaper against Lighter than usual: you would sell low and buy high (spread +0.024% now, against its 7-day average of +0.050%). If the spread goes back, that is −$3 on $10k: about 33 hours of funding at the current rate (+$2 a day). At the pace of the last 3 days (+0.030% in total) that is about 3.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter XAU	4,361.8	0.0072	pay 0.0009% / 1h	59m 30s	$20.6M	$43.2M	25x
Short	RISEx XAU/USDC	4,362.9	0.0135	get 0.0017% / 1h	59m 30s	$3.4M	$12.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.024%Rate

Funding earned: $13.26
Price spread: +0.024% → +0.050%: −$2.6
Slippage, 4 orders: −$1.96
Fee Lighter: 0 bp × 2 orders: $0
Fee RISEx: 3 bp × 2 orders: −$6
Net: $2.7
Costs to cover: 0.080%
Break-even: 5.6 days

Slippage from Lighter: live order book, 9 min ago; RISEx: live order book, 5 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	0.29 bp	0.6 bp −$1	2.3 bp −$23	8.2 bp −$817	17.9 bp −$8,948
Sell RISEx live order book, 5 min ago	0.01 bp	3.0 bp −$3	3.5 bp −$35	41.8 bp −$4,184	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
Aster XAUUSD1	0.0000%	4h	4,363.3	+0.033%	$69.8M	$240.4M	20x	as long as short
Gate XAU_USDT	0.0000%	4h	4,363.2	+0.031%	$265.2M	$400.0M	100x	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,359.7	−0.049%	$4.0M	$36.7M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,367.3	+0.124%	$93K	$10.0M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,358.4	−0.080%	$269K	—	250x	as long as short
Extended XAU-USD	+0.0032%	1h	4,359.1	−0.062%	$13.5M	$43.5M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.262%	$619	$54	52x	as long as short
Variational Omni XAU	+0.0040%	4h	4,362	+0.003%	$48.4M	$28.5M	—	as long as short
StandX XAU-USD	+0.0040%	1h	4,363	+0.027%	$3.8M	$4.7M	40x	as long as short
QFEX GOLD-USD	+0.0045%	1h	4,362.7	+0.020%	$5.6M	$1.9M	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest GC-PERP	+0.0046%	1h	4,396.2	+0.788%	—	$1.0M	25x	as long as short
Hotstuff GOLD-PERP	+0.0048%	1h	4,359.9	−0.044%	$33K	—	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,358.3	−0.081%	$294.1M	$51.8M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0050%	1h	4,361	−0.019%	$4.3M	$1.8M	20x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,358.8	−0.069%	$14.8M	$57.3M	25x	as long as short
Phoenix GOLD	+0.0055%	1h	4,359.6	−0.051%	$48K	$64K	25x	as long as short
MEXC XAU_USDT	+0.0058%	4h	4,362.3	+0.010%	$372.4M	$318.3M	1000x	as long as short
Binance XAUUSDT	+0.0060%	4h	4,362.8	+0.022%	$411.6M	$2.12B	100x	as long as short
edgeX XAUUSDC	+0.0063%	4h	4,356.5	−0.121%	$30.3M	$60.4M	50x	as long as short
Lighter XAUlong	+0.0072%	1h	4,361.8	long leg	$20.6M	$43.2M	25x
Paradex XAU-USD-PERP	+0.0088%	8h	4,363.3	+0.034%	$19K	$5K	5x	as long as short
Lighter RH XAU	+0.0096%	1h	4,364.4	+0.058%	$20.2M	$40.5M	25x	as long as short
Aevo XAU-PERP	+0.0096%	1h	4,361.7	−0.003%	$162K	$87	10x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0096%	1h	4,358.5	−0.077%	$2.0M	$5.0M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,360.1	−0.040%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,359.2	−0.062%	$275K	$204K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,355.2	−0.153%	$26K	$22K	20x	as long as short
Bitget XAUUSDT	+0.0112%	4h	4,362.5	+0.014%	$69.6M	$111.4M	100x	as long as short
RISEx XAU/USDCshort	+0.0135%	1h	4,362.9	+0.024%	$3.4M	$12.4M	25x
GRVT XAU_USDT_Perp	+0.0152%	4h	4,362.3	+0.010%	$1.4M	$3.1M	25x	as long as short
Bullet GOLD-USD	+0.0155%	1h	4,362.6	+0.017%	$59K	$82K	10x	as long as short
Bybit XAUUSDT	+0.0195%	4h	4,363.6	+0.040%	$83.7M	$145.0M	150x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0209%	1h	4,360.6	−0.028%	$235K	$658K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0216%	8h	4,363.7	+0.043%	$164.3M	$286.7M	100x	as long as short
BloFin XAU-USDT	+0.0225%	4h	4,362.7	+0.021%	$15.4M	$4.6M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0225%	1h	4,359.7	−0.049%	$595K	$141K	25x	as long as short
Phemex XAUUSDT	+0.0323%	4h	4,365.5	+0.084%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0394% / S −0.0199%	1h	4,362.9	+0.025%	$254K	—	111x	as long as short
HTX XAU-USDT	+0.0559%	4h	4,367.1	+0.122%	$2.9M	$3.9M	75x	as long as short