XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0008%/8h= −0.9% APRnext payment −$0.01 per $10,000 · paid last 24h −0.003%

Price spread now: StandX against Lighter+0.041%7-day average +0.064% · you sell dearer than you buy

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$160.160% of the position

Long on Lighter Short on StandX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.058%−$6 on $10k

Price spread, last 7 days−0.017%−$2 · spread now +0.041%, 7d avg +0.064%

Together, before fees−0.074%+ Points / potential airdropLighter: Season 3 · StandX: Active · farm board−$7 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: StandX is 0.022% cheaper against Lighter than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.064%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter XAU	4,347.5	0.0048	pay 0.0006% / 1h	50m 21s	$20.6M	$41.9M	25x
Short	StandX XAU-USD	4,349.3	0.0040	get 0.0005% / 1h	50m 21s	$3.8M	$4.6M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX 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 StandXbpOrdersPrice spread, now +0.041%Rate

Funding earned: −$1.68
Price spread: +0.041% → +0.064%: −$2.22
Slippage, 4 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Fee StandX: 4 bp × 2 orders: −$8
Net: −$19.9
Costs to cover: 0.160%
Break-even: never at this rate

Slippage from Lighter: live order book, 8 min ago; StandX: 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, 8 min ago	0.61 bp	0.8 bp −$1	1.8 bp −$18	8.3 bp −$833	19.0 bp −$9,517
Sell StandX live order book, 4 min ago	1.84 bp	7.9 bp −$8	9.2 bp −$92	10.0 bp −$996	10.9 bp −$5,444

XAU on 38 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	−0.0084%	1h	4,342.4	−0.117%	$25K	$14K	20x	as long as short
Hotstuff GOLD-PERP	−0.0032%	1h	4,345.5	−0.046%	$33K	—	25x	as long as short
Gate XAU_USDT	0.0000%	4h	4,349.9	+0.055%	$264.2M	$405.8M	100x	as long as short
SunX XAU-USDT	0.0000%	4h	4,352.7	+0.120%	$92K	$9.4M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,343.7	−0.087%	$269K	—	250x	as long as short
RISEx XAU/USDC	+0.0010%	1h	4,348.8	+0.029%	$3.4M	$12.4M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,343.7	−0.087%	$13.6M	$40.4M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.067%	$619	$54	52x	as long as short
Kalshi KXGOLDPERP	+0.0037%	24h	4,346.5	−0.023%	$4.1M	$36.2M	15x	as long as short
StandX XAU-USDshort	+0.0040%	1h	4,349.3	+0.041%	$3.8M	$4.6M	40x

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest GC-PERP	+0.0046%	1h	4,381.8	+0.789%	—	$1.0M	25x	as long as short
QFEX GOLD-USD	+0.0046%	1h	4,348.1	+0.014%	$5.6M	$1.9M	20x	as long as short
Lighter XAUlong	+0.0048%	1h	4,347.5	long leg	$20.6M	$41.9M	25x
Coinbase International GOLD-PERP-INTX	+0.0048%	1h	4,346.7	−0.018%	$2.0M	$4.9M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,345.6	−0.044%	$293.3M	$48.6M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,345.2	−0.053%	$15.1M	$57.8M	25x	as long as short
Aster XAUUSD1	+0.0059%	4h	4,349.4	+0.043%	$70.1M	$329.5M	20x	as long as short
Lighter RH XAU	+0.0072%	1h	4,349.9	+0.055%	$20.1M	$39.3M	25x	as long as short
Paradex XAU-USD-PERP	+0.0085%	8h	4,348.3	+0.019%	$19K	$5K	5x	as long as short
Pacifica XAU	+0.0100%	1h	4,345.3	−0.051%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,350.6	+0.072%	$275K	$203K	50x	as long as short
Variational Omni XAU	+0.0102%	4h	4,347.9	+0.009%	$48.3M	$27.9M	—	as long as short
Polymarket Perps GOLD-USD	+0.0107%	1h	4,347.5	0.000%	$4.3M	$1.9M	20x	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,347.8	+0.008%	$161K	$87	10x	as long as short
MEXC XAU_USDT	+0.0114%	4h	4,348.4	+0.021%	$371.3M	$315.9M	1000x	as long as short
Binance XAUUSDT	+0.0114%	4h	4,348.3	+0.018%	$410.1M	$2.10B	100x	as long as short
GRVT XAU_USDT_Perp	+0.0132%	4h	4,353.6	+0.140%	$1.4M	$3.0M	25x	as long as short
edgeX XAUUSDC	+0.0136%	4h	4,348.4	+0.021%	$30.3M	$58.7M	50x	as long as short
Phoenix GOLD	+0.0136%	1h	4,352	+0.104%	$47K	$77K	25x	as long as short
Bullet GOLD-USD	+0.0196%	1h	4,348.5	+0.023%	$58K	$83K	10x	as long as short
Bybit XAUUSDT	+0.0204%	4h	4,349	+0.035%	$83.9M	$145.0M	150x	as long as short
Bitget XAUUSDT	+0.0210%	4h	4,348.1	+0.013%	$69.7M	$109.2M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0249%	8h	4,348.9	+0.032%	$164.6M	$282.4M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0270%	1h	4,345.3	−0.051%	$593K	$133K	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0279%	1h	4,346	−0.035%	$259K	$703K	25x	as long as short
Phemex XAUUSDT	+0.0343%	4h	4,350.5	+0.069%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0398% / S −0.0207%	1h	4,348.5	+0.023%	$251K	—	111x	as long as short
HTX XAU-USDT	+0.0600%	4h	4,353.8	+0.146%	$2.8M	$4.2M	75x	as long as short