XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0148%/8h= +16.2% APRnext payment +$0.19 per $10,000 · paid last 24h +0.044%

Price spread now: Deribit against Lighter RH−0.059%7-day average −0.127% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$6as in the Price arb table

costs, in and out, $10k−$130.133% of the position

Long on Lighter RH Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.710%+$71 on $10k

Price spread, last 4 days (all we have)−0.044%−$4 · spread now −0.059%, 7d avg −0.127%

Together, before fees+0.666%+ Points / potential airdropLighter RH: Points live · farm board+$67 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Deribit is 0.068% dearer against Lighter RH than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.127%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH XAU	4,341.8	0.0040	pay 0.0005% / 1h	40m 08s	$20.0M	$39.3M	25x
Short	Deribit GOLD_USDC-PERPETUAL	4,339.2	0.0188	get 0.0024% / 1h	40m 08s	$205K	$827K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.059%Rate

Funding earned: $31.09
Price spread: −0.059% → −0.127%: $6.84
Slippage, 4 orders: −$6.3
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $24.64
Costs to cover: 0.133%
Break-even: 1.5 days

Slippage from Lighter RH: live order book, 4 min ago; Deribit: live order book, 14 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	0.61 bp	0.6 bp −$1	1.8 bp −$18	14.8 bp −$1,481	doesn't fit
Sell Deribit live order book, 14 min ago	0.12 bp	8.4 bp −$8	9.1 bp −$91	doesn't fit	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
Hotstuff GOLD-PERP	−0.0024%	1h	4,337.9	−0.089%	$33K	—	25x	as long as short
Bluefin GOLD-PERP	−0.0004%	1h	4,335.3	−0.149%	$25K	$14K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,345.3	+0.081%	$92K	$8.7M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,336.9	−0.111%	$271K	—	250x	as long as short
RISEx XAU/USDC	+0.0005%	1h	4,340.1	−0.038%	$3.5M	$12.0M	25x	as long as short
Gate XAU_USDT	+0.0010%	4h	4,342.4	+0.015%	$267.7M	$414.2M	100x	as long as short
Extended XAU-USD	+0.0032%	1h	4,336.9	−0.112%	$13.2M	$37.8M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.200%	$619	$54	52x	as long as short
Lighter RH XAUlong	+0.0040%	1h	4,341.8	long leg	$20.0M	$39.3M	25x
StandX XAU-USD	+0.0040%	1h	4,342	+0.006%	$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	4,338.9	−0.066%	$5.7M	$2.0M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,373.6	+0.734%	—	$1.0M	25x	as long as short
Lighter XAU	+0.0048%	1h	4,339.6	−0.049%	$20.8M	$34.5M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,338.1	−0.084%	$293.5M	$49.3M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,337.5	−0.099%	$15.1M	$56.9M	25x	as long as short
Kalshi KXGOLDPERP	+0.0051%	24h	4,337.9	−0.089%	$4.3M	$37.5M	15x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0056%	1h	4,337.3	−0.102%	$2.1M	$4.8M	25x	as long as short
Bybit XAUUSDT	+0.0059%	4h	4,341.5	−0.005%	$80.4M	$151.4M	150x	as long as short
Aster XAUUSD1	+0.0076%	4h	4,341.9	+0.003%	$71.4M	$332.3M	20x	as long as short
Paradex XAU-USD-PERP	+0.0084%	8h	4,340.8	−0.021%	$19K	$5K	5x	as long as short
Variational Omni XAU	+0.0087%	4h	4,340.5	−0.030%	$48.3M	$27.7M	—	as long as short
Pacifica XAU	+0.0100%	1h	4,337.3	−0.102%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,339.3	−0.057%	$274K	$203K	50x	as long as short
MEXC XAU_USDT	+0.0102%	4h	4,341.1	−0.014%	$369.5M	$319.1M	1000x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,340.3	−0.032%	$161K	$87	10x	as long as short
Binance XAUUSDT	+0.0104%	4h	4,341.1	−0.015%	$416.9M	$2.09B	100x	as long as short
edgeX XAUUSDC	+0.0110%	4h	4,337.2	−0.106%	$30.2M	$58.3M	50x	as long as short
Phoenix GOLD	+0.0136%	1h	4,339.8	−0.045%	$47K	$77K	25x	as long as short
GRVT XAU_USDT_Perp	+0.0174%	4h	4,343.4	+0.038%	$1.4M	$2.9M	25x	as long as short
Deribit GOLD_USDC-PERPETUALshort	+0.0188%	1h	4,339.2	−0.059%	$205K	$827K	25x
Bullet GOLD-USD	+0.0216%	1h	4,341.3	−0.010%	$59K	$82K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0217%	1h	4,340.8	−0.022%	$4.3M	$1.9M	20x	as long as short
Bitget XAUUSDT	+0.0248%	4h	4,341.4	−0.008%	$71.0M	$109.4M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0259%	1h	4,338.2	−0.083%	$592K	$132K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0319%	8h	4,341.7	−0.001%	$166.4M	$281.6M	100x	as long as short
BloFin XAU-USDT	+0.0366%	4h	4,341.7	0.000%	$15.6M	$4.4M	100x	as long as short
Phemex XAUUSDT	+0.0372%	4h	4,344	+0.052%	$2.2M	$967K	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0427% / S −0.0252%	1h	4,341.4	−0.008%	$250K	—	111x	as long as short
HTX XAU-USDT	+0.0597%	4h	4,345.7	+0.091%	$2.8M	$4.6M	75x	as long as short