Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.012%

Price spread now: StandX against Lighter RH+0.002%7-day average +0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs−$15as in the Funding arb table

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$150.151% of the position

Long on Lighter RH Short on StandX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.003%$0 on $10k

Price spread, last 7 days+0.047%+$5 · spread now +0.002%, 7d avg +0.031%

Together, before fees+0.050%+ Points / potential airdropLighter RH: Points live · StandX: Active · farm board+$5 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: StandX is 0.029% cheaper against Lighter RH than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.031%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH XAU	4,341.9	0.0040	pay 0.0005% / 1h	39m 17s	$20.0M	$39.3M	25x
Short	StandX XAU-USD	4,342	0.0040	get 0.0005% / 1h	39m 17s	$3.8M	$4.5M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX 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 StandXbpOrdersPrice spread, now +0.002%Rate

Funding earned: $0
Price spread: +0.002% → +0.031%: −$2.89
Slippage, 4 orders: −$7.12
Fee Lighter RH: 0 bp × 2 orders: $0
Fee StandX: 4 bp × 2 orders: −$8
Net: −$18
Costs to cover: 0.151%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 5 min ago; StandX: 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, 5 min ago	0.61 bp	0.6 bp −$1	1.8 bp −$18	14.8 bp −$1,481	doesn't fit
Sell StandX live order book, 5 min ago	1.84 bp	8.0 bp −$8	8.7 bp −$87	10.3 bp −$1,029	11.6 bp −$5,795

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	4,345.3	+0.077%	$92K	$8.7M	20x	as long as short
Bluefin GOLD-PERP	+0.0002%	1h	4,335.3	−0.153%	$25K	$14K	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,336.9	−0.115%	$271K	—	250x	as long as short
RISEx XAU/USDC	+0.0005%	1h	4,340.4	−0.036%	$3.5M	$12.0M	25x	as long as short
Gate XAU_USDT	+0.0020%	4h	4,342.4	+0.012%	$267.7M	$414.3M	100x	as long as short
Hotstuff GOLD-PERP	+0.0024%	1h	4,338.5	−0.079%	$33K	—	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,337.1	−0.111%	$13.2M	$37.7M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.196%	$619	$54	52x	as long as short
Lighter RH XAUlong	+0.0040%	1h	4,341.9	long leg	$20.0M	$39.3M	25x
StandX XAU-USDshort	+0.0040%	1h	4,342	+0.002%	$3.8M	$4.5M	40x

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	−0.069%	$5.7M	$2.0M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,373.5	+0.728%	—	$1.0M	25x	as long as short
Lighter XAU	+0.0048%	1h	4,340.3	−0.038%	$20.8M	$34.5M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,338.5	−0.079%	$293.5M	$49.2M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,337.7	−0.096%	$15.1M	$56.9M	25x	as long as short
Kalshi KXGOLDPERP	+0.0051%	24h	4,337.9	−0.092%	$4.3M	$37.5M	15x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0056%	1h	4,337.3	−0.106%	$2.1M	$4.8M	25x	as long as short
Bybit XAUUSDT	+0.0062%	4h	4,341.7	−0.006%	$80.5M	$151.5M	150x	as long as short
Aster XAUUSD1	+0.0078%	4h	4,341.9	−0.001%	$71.4M	$332.3M	20x	as long as short
Paradex XAU-USD-PERP	+0.0084%	8h	4,341	−0.020%	$19K	$5K	5x	as long as short
Variational Omni XAU	+0.0087%	4h	4,340.5	−0.034%	$48.3M	$27.7M	—	as long as short
Pacifica XAU	+0.0100%	1h	4,337.4	−0.104%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,339.3	−0.061%	$274K	$203K	50x	as long as short
MEXC XAU_USDT	+0.0104%	4h	4,341.2	−0.018%	$370.4M	$319.2M	1000x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,340.5	−0.033%	$161K	$87	10x	as long as short
Binance XAUUSDT	+0.0105%	4h	4,341.1	−0.019%	$416.9M	$2.09B	100x	as long as short
edgeX XAUUSDC	+0.0118%	4h	4,336.3	−0.129%	$30.1M	$58.3M	50x	as long as short
Phoenix GOLD	+0.0136%	1h	4,339.8	−0.049%	$47K	$77K	25x	as long as short
GRVT XAU_USDT_Perp	+0.0174%	4h	4,341	−0.020%	$1.4M	$2.9M	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0188%	1h	4,339.2	−0.062%	$205K	$827K	25x	as long as short
Bullet GOLD-USD	+0.0216%	1h	4,341.2	−0.016%	$59K	$82K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0216%	1h	4,341	−0.021%	$4.3M	$1.9M	20x	as long as short
Bitget XAUUSDT	+0.0248%	4h	4,341.9	−0.001%	$71.0M	$109.4M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0259%	1h	4,338.2	−0.086%	$592K	$132K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0319%	8h	4,341.7	−0.005%	$166.4M	$281.7M	100x	as long as short
BloFin XAU-USDT	+0.0366%	4h	4,341.7	−0.004%	$15.6M	$4.4M	100x	as long as short
Phemex XAUUSDT	+0.0372%	4h	4,344	+0.048%	$2.2M	$967K	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0427% / S −0.0252%	1h	4,341.1	−0.018%	$250K	—	111x	as long as short
HTX XAU-USDT	+0.0597%	4h	4,345.7	+0.088%	$2.8M	$4.6M	75x	as long as short