XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0036%/8h= +3.9% APRnext payment +$0.04 per $10,000 · paid last 24h −0.004%

Price spread now: ApeX Omni against Lighter RH−0.141%48s7-day average −0.058% · you buy dearer than you sell

Net, funding: paid 7d − costs−$29as 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−$380.377% of the position

Long on Lighter RH Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.091%+$9 on $10k

Price spread, last 4 days (all we have)+0.045%+$5 · spread now −0.141%, 7d avg −0.058%

Together, before fees+0.137%+ Points / potential airdropLighter RH: Points live · farm board+$14 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.083% cheaper against Lighter RH than usual: you would sell low and buy high (spread −0.141% now, against its 7-day average of −0.058%). If the spread goes back, that is −$8 on $10k: about 7.7 days of funding at the current rate (+$1 a day). The two prices were read 48 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 RH XAU	4,360.1	0.0064	pay 0.0008% / 1h	24m 41s	$20.2M	$39.7M	25x
Short	ApeX Omni XAUUSDT	4,353.9	0.0100	get 0.0013% / 1h	24m 41s	$275K	$203K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Lighter RH. 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 Lighter RHbpFee ApeX OmnibpOrdersPrice spread, now −0.141%Rate

Funding earned: $7.56
Price spread: −0.141% → −0.058%: −$8.28
Slippage, 4 orders: −$27.67
Fee Lighter RH: 0 bp × 2 orders: $0
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$38.39
Costs to cover: 0.377%
Break-even: 42.5 days

Slippage from Lighter RH: live order book, 4 min ago; ApeX Omni: live order book, 38 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 RH live order book, 4 min ago	0.36 bp	0.7 bp −$1	1.4 bp −$14	13.8 bp −$1,378	doesn't fit
Sell ApeX Omni live order book, 38 min ago	4.79 bp	19.9 bp −$20	34.7 bp −$347	44.0 bp −$4,399	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
SunX XAU-USDT	0.0000%	4h	4,362.7	+0.061%	$93K	$9.2M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,354.4	−0.129%	$267K	—	250x	as long as short
Gate XAU_USDT	+0.0008%	4h	4,359.7	−0.007%	$264.7M	$412.9M	100x	as long as short
RISEx XAU/USDC	+0.0010%	1h	4,357.7	−0.054%	$3.4M	$12.4M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,354.7	−0.124%	$13.6M	$38.9M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.221%	$619	$54	52x	as long as short
Kalshi KXGOLDPERP	+0.0039%	24h	4,355.7	−0.100%	$4.1M	$37.0M	15x	as long as short
StandX XAU-USD	+0.0040%	1h	4,356.7	−0.077%	$3.8M	$4.6M	40x	as long as short
Aster XAUUSD1	+0.0043%	4h	4,359.2	−0.020%	$70.5M	$333.9M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,391.4	+0.719%	—	$1.0M	25x	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	+0.0046%	1h	4,355.8	−0.097%	$5.6M	$1.9M	20x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0048%	1h	4,354.9	−0.118%	$2.0M	$4.9M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,355.2	−0.111%	$294.2M	$48.7M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,354.4	−0.131%	$15.1M	$57.3M	25x	as long as short
GRVT XAU_USDT_Perp	+0.0054%	4h	4,357.1	−0.068%	$1.4M	$3.0M	25x	as long as short
Lighter XAU	+0.0056%	1h	4,357.8	−0.051%	$20.7M	$42.3M	25x	as long as short
Variational Omni XAU	+0.0057%	4h	4,355.6	−0.101%	$48.3M	$27.9M	—	as long as short
Lighter RH XAUlong	+0.0064%	1h	4,360.1	long leg	$20.2M	$39.7M	25x
Binance XAUUSDT	+0.0074%	4h	4,358.7	−0.031%	$412.1M	$2.10B	100x	as long as short
MEXC XAU_USDT	+0.0074%	4h	4,358.4	−0.038%	$372.5M	$318.8M	1000x	as long as short
Paradex XAU-USD-PERP	+0.0081%	8h	4,357.8	−0.052%	$19K	$5K	5x	as long as short
edgeX XAUUSDC	+0.0093%	4h	4,349.4	−0.244%	$30.3M	$58.3M	50x	as long as short
Aevo XAU-PERP	+0.0096%	1h	4,356.7	−0.076%	$161K	$87	10x	as long as short
Pacifica XAU	+0.0100%	1h	4,355.1	−0.113%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDTshort	+0.0100%	1h	4,353.9	−0.141%	$275K	$203K	50x
Phemex XAUUSDT	+0.0122%	4h	4,359.2	−0.020%	$2.2M	$1.1M	100x	as long as short
Polymarket Perps GOLD-USD	+0.0126%	1h	4,357.8	−0.052%	$4.3M	$1.9M	20x	as long as short
Phoenix GOLD	+0.0136%	1h	4,350.3	−0.224%	$47K	$77K	25x	as long as short
Bybit XAUUSDT	+0.0199%	4h	4,360.2	+0.003%	$84.5M	$145.8M	150x	as long as short
Bullet GOLD-USD	+0.0202%	1h	4,358.2	−0.042%	$60K	$83K	10x	as long as short
Hotstuff GOLD-PERP	+0.0208%	1h	4,352.9	−0.164%	$33K	—	25x	as long as short
Bitget XAUUSDT	+0.0212%	4h	4,359.2	−0.019%	$70.3M	$109.4M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0253%	8h	4,359.9	−0.003%	$165.2M	$282.7M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0269%	1h	4,355.2	−0.111%	$594K	$133K	25x	as long as short
BloFin XAU-USDT	+0.0296%	4h	4,356.2	−0.088%	$15.5M	$4.6M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0301%	1h	4,357.6	−0.056%	$278K	$727K	25x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0401% / S −0.0213%	1h	4,358.4	−0.038%	$249K	—	111x	as long as short
Bluefin GOLD-PERP	+0.0519%	1h	4,350.2	−0.225%	$25K	$14K	20x	as long as short
HTX XAU-USDT	+0.0567%	4h	4,363.2	+0.072%	$2.9M	$4.2M	75x	as long as short