Funding you earn now, next payment 03:00 UTC+0.0189%/8h= +20.7% APRpaid last 24h +0.029%
Price spread now: OKX against Lighter RH−0.003%7-day average +0.025% · you buy dearer than you sell
Net, funding: paid 7d − costs−$8as in the Funding arb table
Net, price: spread back to 7d avg − costs−$15as in the Price arb table
costs, in and out, $10k−$120.120% of the position
Funding, last 7 days+0.043%+$4 on $10k
+Price spread, last 7 days+0.035%+$3 · spread now −0.003%, 7d avg +0.025%
=Together, before fees+0.077%+ Points / potential airdropLighter RH: Points live · farm board+$8 on $10k · with fees, hour by hour
Funding pays, the price is against you. OKX is 0.029% cheaper against Lighter RH than usual: you would sell low and buy high (spread −0.003% now, against its 7-day average of +0.025%). If the spread goes back, that is −$3 on $10k: about 12 hours of funding at the current rate (+$6 a day). At the pace of the last 7 days (+0.043% in total) that is about 4.7 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.043% in total (about 2.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| 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 33s | $20.2M | $39.7M | 25x |
| Short | OKX XAU-USDT-SWAP | 4,359.9 | 0.0253 | get 0.0253% / 8h | 5h 24m | $165.2M | $282.8M | 100x |
Lighter RH XAU
OKX XAU-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $39.7
- Price spread: −0.003% → +0.025%
- −$2.89
- Slippage, 4 orders
- −$1.99
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- $24.81
- Costs to cover
- 0.120%
- Break-even
- 2.6 days
Slippage from Lighter RH: live order book, 4 min ago; OKX: 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 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 OKX live order book, 5 min ago | 0.12 bp | 5.1 bp −$5 | 5.1 bp −$51 | 6.5 bp −$648 | 13.2 bp −$6,600 |
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 | +0.0006% | 4h | 4,359.8 | −0.007% | $264.7M | $412.9M | 100x | as long as short |
| RISEx XAU/USDC | +0.0010% | 1h | 4,358.4 | −0.038% | $3.4M | $12.4M | 25x | as long as short |
| Extended XAU-USD | +0.0032% | 1h | 4,355.1 | −0.113% | $13.6M | $38.8M | 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 | 4,358.9 | −0.026% | $3.8M | $4.6M | 40x | as long as short |
| Aster XAUUSD1 | +0.0043% | 4h | 4,359.3 | −0.016% | $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 |
SunX XAU-USDT
gTrade (Gains Network) XAU/USD
Gate XAU_USDT
RISEx XAU/USDC
Extended XAU-USD
Injective XAU/USDC PERP
Kalshi KXGOLDPERP
StandX XAU-USD
Aster XAUUSD1
Vest GC-PERPShow all 39 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX GOLD-USD | +0.0046% | 1h | 4,357.2 | −0.065% | $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 | 4,355 | −0.117% | $15.1M | $57.2M | 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 | −0.030% | $412.1M | $2.10B | 100x | as long as short |
| MEXC XAU_USDT | +0.0074% | 4h | 4,358.7 | −0.031% | $372.5M | $318.8M | 1000x | as long as short |
| Paradex XAU-USD-PERP | +0.0080% | 8h | 4,358.8 | −0.028% | $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 XAUUSDT | +0.0100% | 1h | 4,353.9 | −0.141% | $275K | $203K | 50x | as long as short |
| Hotstuff GOLD-PERP | +0.0120% | 1h | 4,355.2 | −0.111% | $33K | — | 25x | as long as short |
| 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 | 4,360.3 | +0.005% | $84.5M | $145.4M | 150x | as long as short |
| Bullet GOLD-USD | +0.0202% | 1h | 4,358.2 | −0.042% | $60K | $83K | 10x | as long as short |
| Bitget XAUUSDT | +0.0212% | 4h | 4,359.3 | −0.018% | $70.3M | $109.4M | 100x | as long as short |
| OKX XAU-USDT-SWAPshort | +0.0253% | 8h | 4,359.9 | −0.003% | $165.2M | $282.8M | 100x | |
| 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 |
QFEX GOLD-USD
Coinbase International GOLD-PERP-INTX
tradeXYZ xyz:GOLD
Ondo Perps XAU-USD.P
GRVT XAU_USDT_Perp
Lighter XAU
Variational Omni XAU
Binance XAUUSDT
MEXC XAU_USDT
Paradex XAU-USD-PERP
edgeX XAUUSDC
Aevo XAU-PERP
Pacifica XAU
ApeX Omni XAUUSDT
Hotstuff GOLD-PERP
Phemex XAUUSDT
Polymarket Perps GOLD-USD
Phoenix GOLD
Bybit XAUUSDT
Bullet GOLD-USD
Bitget XAUUSDT
Kraken Futures PF_XAUUSD
BloFin XAU-USDT
Deribit GOLD_USDC-PERPETUAL
GMX GOLD/USD [ETH-USDC]
Bluefin GOLD-PERP
HTX XAU-USDT