Funding you earn now, next payment 09:00 UTC−0.0058%/8h= −6.4% APRnext payment −$0.07 per $10,000 · paid last 24h −0.018%
Price spread now: QFEX against Lighter RH−0.061%7-day average −0.028% · 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−$19as in the Price arb table
costs, in and out, $10k−$160.159% of the position
Funding, last 4 days (all we have)−0.051%−$5 on $10k
+Price spread, last 7 days+0.054%+$5 · spread now −0.061%, 7d avg −0.028%
=Together, before fees+0.002%+ Points / potential airdropLighter RH: Points live · farm board$0 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and QFEX is 0.033% cheaper against Lighter RH than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.028%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH XAU | 4,308.9 | 0.0104 | pay 0.0013% / 1h | 34m 50s | $19.8M | $39.9M | 25x |
| Short | QFEX GOLD-USD | 4,306.3 | 0.0046 | get 0.0006% / 1h | 34m 50s | $6.6M | $3.1M | 20x |
Lighter RH XAU
QFEX GOLD-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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
- −$12.2
- Price spread: −0.061% → −0.028%
- −$3.31
- Slippage, 4 orders
- −$5.88
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$31.39
- Costs to cover
- 0.159%
- Break-even
- never at this rate
Slippage from Lighter RH: live order book, 4 min ago; QFEX: 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 RH live order book, 4 min ago | 0.64 bp | 0.9 bp −$1 | 1.5 bp −$15 | 15.8 bp −$1,583 | doesn't fit |
| Sell QFEX live order book, 4 min ago | 2.09 bp | 7.1 bp −$7 | 7.1 bp −$71 | 9.2 bp −$919 | 17.0 bp −$8,511 |
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 | −0.0032% | 1h | 4,305.5 | −0.079% | $32K | — | 25x | as long as short |
| SunX XAU-USDT | 0.0000% | 4h | 4,311.4 | +0.057% | $92K | $6.8M | 20x | as long as short |
| gTrade (Gains Network) XAU/USD | L +0.0002% / S −0.0003% | 1h | 4,303.6 | −0.124% | $278K | — | 250x | as long as short |
| GRVT XAU_USDT_Perp | +0.0012% | 4h | 4,308 | −0.020% | $1.4M | $3.0M | 25x | as long as short |
| Injective XAU/USDC PERP | +0.0033% | 1h | 4,350.4 | +0.963% | $619 | $54 | 52x | as long as short |
| StandX XAU-USD | +0.0040% | 1h | 4,306.8 | −0.049% | $3.8M | $4.5M | 40x | as long as short |
| Vest GC-PERP | +0.0046% | 1h | 4,338.7 | +0.691% | — | $1.0M | 25x | as long as short |
| QFEX GOLD-USDshort | +0.0046% | 1h | 4,306.3 | −0.061% | $6.6M | $3.1M | 20x | |
| tradeXYZ xyz:GOLD | +0.0050% | 1h | 4,305 | −0.091% | $291.0M | $53.9M | 25x | as long as short |
| Polymarket Perps GOLD-USD | +0.0050% | 1h | 4,304.5 | −0.103% | $4.3M | $1.8M | 20x | as long as short |
Hotstuff GOLD-PERP
SunX XAU-USDT
gTrade (Gains Network) XAU/USD
GRVT XAU_USDT_Perp
Injective XAU/USDC PERP
StandX XAU-USD
Vest GC-PERP
tradeXYZ xyz:GOLD
Polymarket Perps GOLD-USDShow all 39 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps XAU-USD.P | +0.0050% | 1h | 4,303.5 | −0.125% | $15.0M | $55.8M | 25x | as long as short |
| Aster XAUUSD1 | +0.0052% | 4h | 4,308.6 | −0.007% | $73.4M | $271.9M | 20x | as long as short |
| Coinbase International GOLD-PERP-INTX | +0.0056% | 1h | 4,303.9 | −0.117% | $2.0M | $5.1M | 25x | as long as short |
| Paradex XAU-USD-PERP | +0.0061% | 8h | 4,306.2 | −0.062% | $2K | $13K | 5x | as long as short |
| Extended XAU-USD | +0.0064% | 1h | 4,303.4 | −0.129% | $13.1M | $36.2M | 25x | as long as short |
| Lighter XAU | +0.0080% | 1h | 4,306.2 | −0.062% | $20.3M | $28.9M | 25x | as long as short |
| Variational Omni XAU | +0.0089% | 4h | 4,305.9 | −0.070% | $46.6M | $29.2M | — | as long as short |
| Phoenix GOLD | +0.0095% | 1h | 4,306.1 | −0.065% | $42K | $86K | 25x | as long as short |
| Pacifica XAU | +0.0100% | 1h | 4,302.7 | −0.144% | $1.4M | $1.2M | 10x | as long as short |
| ApeX Omni XAUUSDT | +0.0100% | 1h | 4,305.2 | −0.087% | $275K | $218K | 50x | as long as short |
| MEXC XAU_USDT | +0.0102% | 4h | 4,307.9 | −0.024% | $361.9M | $337.4M | 1000x | as long as short |
| Binance XAUUSDT | +0.0103% | 4h | 4,307.5 | −0.033% | $434.2M | $2.22B | 100x | as long as short |
| Lighter RH XAUlong | +0.0104% | 1h | 4,308.9 | long leg | $19.8M | $39.9M | 25x | |
| Aevo XAU-PERP | +0.0104% | 1h | 4,306.2 | −0.064% | $159K | $87 | 10x | as long as short |
| Kalshi KXGOLDPERP | +0.0109% | 24h | 4,309.8 | +0.020% | $3.7M | $46.5M | 15x | as long as short |
| edgeX XAUUSDC | +0.0111% | 4h | 4,306.8 | −0.050% | $30.0M | $61.5M | 50x | as long as short |
| Bybit XAUUSDT | +0.0117% | 4h | 4,308.4 | −0.012% | $77.5M | $157.3M | 150x | as long as short |
| RISEx XAU/USDC | +0.0126% | 1h | 4,307.1 | −0.043% | $4.4M | $13.1M | 25x | as long as short |
| Gate XAU_USDT | +0.0160% | 4h | 4,309.8 | +0.020% | $297.0M | $426.7M | 100x | as long as short |
| Bitget XAUUSDT | +0.0190% | 4h | 4,307.9 | −0.024% | $70.4M | $124.7M | 100x | as long as short |
| Bullet GOLD-USD | +0.0195% | 1h | 4,307.2 | −0.041% | $58K | $81K | 10x | as long as short |
| Deribit GOLD_USDC-PERPETUAL | +0.0215% | 1h | 4,305.6 | −0.077% | $134K | $846K | 25x | as long as short |
| OKX XAU-USDT-SWAP | +0.0249% | 8h | 4,308.6 | −0.007% | $171.2M | $329.7M | 100x | as long as short |
| Kraken Futures PF_XAUUSD | +0.0328% | 1h | 4,305.2 | −0.087% | $573K | $138K | 25x | as long as short |
| BloFin XAU-USDT | +0.0369% | 4h | 4,307.1 | −0.042% | $16.2M | $5.0M | 100x | as long as short |
| GMX GOLD/USD [ETH-USDC] | L +0.0466% / S −0.0314% | 1h | 4,307.6 | −0.031% | $255K | — | 111x | as long as short |
| Phemex XAUUSDT | +0.0527% | 4h | 4,310 | +0.026% | $2.2M | $955K | 100x | as long as short |
| HTX XAU-USDT | +0.1118% | 4h | 4,315.8 | +0.160% | $3.2M | $6.2M | 75x | as long as short |
| Bluefin GOLD-PERP | +0.4311% | 1h | 4,303.3 | −0.130% | $25K | $1K | 20x | as long as short |
Ondo Perps XAU-USD.P
Aster XAUUSD1
Coinbase International GOLD-PERP-INTX
Paradex XAU-USD-PERP
Extended XAU-USD
Lighter XAU
Variational Omni XAU
Phoenix GOLD
Pacifica XAU
ApeX Omni XAUUSDT
MEXC XAU_USDT
Binance XAUUSDT
Aevo XAU-PERP
Kalshi KXGOLDPERP
edgeX XAUUSDC
Bybit XAUUSDT
RISEx XAU/USDC
Gate XAU_USDT
Bitget XAUUSDT
Bullet GOLD-USD
Deribit GOLD_USDC-PERPETUAL
OKX XAU-USDT-SWAP
Kraken Futures PF_XAUUSD
BloFin XAU-USDT
GMX GOLD/USD [ETH-USDC]
Phemex XAUUSDT
HTX XAU-USDT
Bluefin GOLD-PERP