Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0289%/8h= +31.6% APRpaid last 24h +0.082%

Price spread now: BloFin against Lighter RH+0.001%91s7-day average −0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs+$27as 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−$140.139% of the position

Long on Lighter RH Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.412%+$41 on $10k

Price spread, last 4 days (all we have)+0.062%+$6 · spread now +0.001%, 7d avg −0.010%

Together, before fees+0.474%+ Points / potential airdropLighter RH: Points live · farm board+$47 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.010%, so right now this pair is about funding alone: +$9 a day on $10k at the current rate. The two prices were read 91 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	4,346.7	0.0040	pay 0.0005% / 1h	11m 26s	$20.1M	$39.4M	25x
Short	BloFin XAU-USDT	4,346.8	0.0329	get 0.0164% / 4h	11m 26s	$15.6M	$4.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.001%Rate

Funding earned: $60.59
Price spread: +0.001% → −0.010%: $1.1
Slippage, 4 orders: −$1.88
Fee Lighter RH: 0 bp × 2 orders: $0
Fee BloFin: 6 bp × 2 orders: −$12
Net: $47.81
Costs to cover: 0.139%
Break-even: 1.5 days

Slippage from Lighter RH: live order book, 3 min ago; BloFin: 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 RH live order book, 3 min ago	0.70 bp	0.8 bp −$1	1.3 bp −$13	14.7 bp −$1,471	doesn't fit
Sell BloFin live order book, 2 min ago	0.13 bp	6.1 bp −$6	6.1 bp −$61	6.9 bp −$693	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
RISEx XAU/USDC	0.0000%	1h	4,345.6	−0.027%	$3.4M	$12.3M	25x	as long as short
Hotstuff GOLD-PERP	0.0000%	1h	4,342.7	−0.093%	$33K	—	25x	as long as short
Gate XAU_USDT	0.0000%	4h	4,347.6	+0.019%	$265.9M	$417.3M	100x	as long as short
SunX XAU-USDT	0.0000%	4h	4,350.7	+0.090%	$92K	$8.9M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,341.8	−0.114%	$272K	—	250x	as long as short
Lighter XAU	+0.0032%	1h	4,344.7	−0.047%	$20.8M	$38.2M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,341.8	−0.113%	$13.2M	$38.3M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.085%	$619	$54	52x	as long as short
Lighter RH XAUlong	+0.0040%	1h	4,346.7	long leg	$20.1M	$39.4M	25x
StandX XAU-USD	+0.0040%	1h	4,346.8	+0.002%	$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	+0.0041%	1h	4,345.6	−0.026%	$5.7M	$2.0M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,378.6	+0.733%	—	$1.0M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0048%	1h	4,343.7	−0.070%	$2.0M	$4.8M	25x	as long as short
Kalshi KXGOLDPERP	+0.0048%	24h	4,344.6	−0.049%	$4.2M	$37.4M	15x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,343.1	−0.084%	$293.8M	$49.0M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,342.3	−0.103%	$15.1M	$56.8M	25x	as long as short
Aster XAUUSD1	+0.0059%	4h	4,346.5	−0.005%	$71.2M	$333.2M	20x	as long as short
Variational Omni XAU	+0.0075%	4h	4,349.4	+0.062%	$48.4M	$28.0M	—	as long as short
Paradex XAU-USD-PERP	+0.0080%	8h	4,345.4	−0.031%	$19K	$5K	5x	as long as short
GRVT XAU_USDT_Perp	+0.0086%	4h	4,346.5	−0.006%	$1.4M	$2.9M	25x	as long as short
MEXC XAU_USDT	+0.0088%	4h	4,346.1	−0.014%	$372.0M	$320.4M	1000x	as long as short
Binance XAUUSDT	+0.0089%	4h	4,346.1	−0.015%	$413.8M	$2.10B	100x	as long as short
edgeX XAUUSDC	+0.0099%	4h	4,343.2	−0.082%	$30.2M	$58.3M	50x	as long as short
Pacifica XAU	+0.0100%	1h	4,342.5	−0.097%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,343.3	−0.080%	$274K	$203K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,340.7	−0.140%	$25K	$14K	20x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,344.8	−0.045%	$161K	$87	10x	as long as short
Phoenix GOLD	+0.0142%	1h	4,344.7	−0.047%	$47K	$77K	25x	as long as short
Polymarket Perps GOLD-USD	+0.0162%	1h	4,345.8	−0.021%	$4.3M	$2.0M	20x	as long as short
Bullet GOLD-USD	+0.0186%	1h	4,346	−0.016%	$59K	$82K	10x	as long as short
Kraken Futures PF_XAUUSD	+0.0194%	1h	4,343.2	−0.082%	$592K	$132K	25x	as long as short
Phemex XAUUSDT	+0.0231%	4h	4,349.3	+0.059%	$2.2M	$967K	100x	as long as short
Bitget XAUUSDT	+0.0232%	4h	4,346.5	−0.006%	$70.1M	$109.2M	100x	as long as short
Bybit XAUUSDT	+0.0240%	4h	4,347.3	+0.013%	$85.1M	$145.4M	150x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0257%	1h	4,344	−0.063%	$206K	$824K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0297%	8h	4,347.1	+0.009%	$165.3M	$282.0M	100x	as long as short
BloFin XAU-USDTshort	+0.0329%	4h	4,346.8	+0.001%	$15.6M	$4.5M	100x
GMX GOLD/USD [ETH-USDC]	L +0.0418% / S −0.0239%	1h	4,346	−0.017%	$248K	—	111x	as long as short
HTX XAU-USDT	+0.0619%	4h	4,351.3	+0.105%	$2.8M	$4.6M	75x	as long as short