Funding you earn now, next payment 10:00 UTC−0.0062%/8h= −6.8% APRpaid last 24h −0.002%
Price spread now: Variational Omni against Lighter RH−0.107%7-day average +0.010% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.007%−$1 on $10k
+Price spread, last 7 days+0.124%+$12 · spread now −0.107%, 7d avg +0.010%
=Together, before fees+0.117%+ Points / potential airdropLighter RH: Points live · Variational Omni: Active · farm board+$12 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 Variational Omni is 0.117% cheaper against Lighter RH than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.010%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH XAU | 4,323.6 | 0.0152 | pay 0.0019% / 1h | 16m 33s | $19.8M | $40.3M | 25x |
| Short | Variational Omni XAU | 4,319 | 0.0090 | get 0.0045% / 4h | 2h 16m | $47.0M | $29.3M | — |
Lighter RH XAU
Variational Omni XAUFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- −$13.01
- Price spread: −0.107% → +0.010%
- −$11.7
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$24.71
- Costs to cover
- 0.000%
- Break-even
- never at this rate
Slippage unknown: Lighter RH: live order book, 6 min ago; Variational Omni: RFQ quote, 1 min ago. Net counts fees only.
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, 6 min ago | 0.72 bp | 1.3 bp −$1 | 1.4 bp −$14 | 14.7 bp −$1,467 | doesn't fit |
| Sell Variational Omni RFQ quote, 1 min ago | 1.55 bp | doesn't fit | 1.6 bp −$16 | 4.5 bp −$454 | doesn't fit |
XAU on 39 exchanges
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 | 4,324.8 | +0.029% | $92K | $6.1M | 20x | as long as short |
| gTrade (Gains Network) XAU/USD | L +0.0002% / S −0.0003% | 1h | 4,318.9 | −0.109% | $274K | — | 250x | as long as short |
| Coinbase International GOLD-PERP-INTX | +0.0024% | 1h | 4,316.3 | −0.168% | $2.0M | $5.1M | 25x | as long as short |
| Injective XAU/USDC PERP | +0.0033% | 1h | 4,350.4 | +0.621% | $619 | $54 | 52x | as long as short |
| QFEX GOLD-USD | +0.0038% | 1h | 4,320.9 | −0.062% | $6.7M | $3.2M | 20x | as long as short |
| StandX XAU-USD | +0.0040% | 1h | 4,320.6 | −0.069% | $3.8M | $4.5M | 40x | as long as short |
| Vest GC-PERP | +0.0046% | 1h | 4,355.2 | +0.731% | — | $1.0M | 25x | as long as short |
| tradeXYZ xyz:GOLD | +0.0050% | 1h | 4,319.6 | −0.092% | $291.7M | $52.7M | 25x | as long as short |
| Ondo Perps XAU-USD.P | +0.0050% | 1h | 4,318.1 | −0.127% | $15.0M | $57.5M | 25x | as long as short |
| Paradex XAU-USD-PERP | +0.0055% | 8h | 4,321 | −0.060% | $2K | $13K | 5x | as long as short |
SunX XAU-USDT
gTrade (Gains Network) XAU/USD
Coinbase International GOLD-PERP-INTX
Injective XAU/USDC PERP
QFEX GOLD-USD
StandX XAU-USD
Vest GC-PERP
tradeXYZ xyz:GOLD
Ondo Perps XAU-USD.P
Paradex XAU-USD-PERPShow all 39 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| RISEx XAU/USDC | +0.0056% | 1h | 4,322.1 | −0.033% | $4.7M | $13.5M | 25x | as long as short |
| Aster XAUUSD1 | +0.0068% | 4h | 4,324.1 | +0.012% | $73.6M | $274.4M | 20x | as long as short |
| Phoenix GOLD | +0.0076% | 1h | 4,318.8 | −0.111% | $43K | $72K | 25x | as long as short |
| Hotstuff GOLD-PERP | +0.0088% | 1h | 4,317.2 | −0.148% | $32K | — | 25x | as long as short |
| Gate XAU_USDT | +0.0088% | 4h | 4,323.8 | +0.006% | $300.5M | $444.9M | 100x | as long as short |
| Variational Omni XAUshort | +0.0090% | 4h | 4,319 | −0.107% | $47.0M | $29.3M | — | |
| Lighter XAU | +0.0096% | 1h | 4,320.8 | −0.065% | $20.2M | $30.0M | 25x | as long as short |
| Pacifica XAU | +0.0100% | 1h | 4,317.8 | −0.134% | $1.4M | $1.3M | 10x | as long as short |
| ApeX Omni XAUUSDT | +0.0100% | 1h | 4,316.5 | −0.165% | $283K | $223K | 50x | as long as short |
| Bluefin GOLD-PERP | +0.0101% | 1h | 4,315.3 | −0.192% | $25K | $1K | 20x | as long as short |
| MEXC XAU_USDT | +0.0112% | 4h | 4,322.9 | −0.016% | $359.5M | $360.1M | 1000x | as long as short |
| GRVT XAU_USDT_Perp | +0.0112% | 4h | 4,320 | −0.083% | $1.4M | $3.0M | 25x | as long as short |
| Aevo XAU-PERP | +0.0112% | 1h | 4,319.5 | −0.095% | $160K | $87 | 10x | as long as short |
| Binance XAUUSDT | +0.0113% | 4h | 4,322.4 | −0.027% | $440.3M | $2.37B | 100x | as long as short |
| Bybit XAUUSDT | +0.0116% | 4h | 4,324.1 | +0.013% | $80.5M | $170.9M | 150x | as long as short |
| edgeX XAUUSDC | +0.0124% | 4h | 4,315.8 | −0.181% | $30.1M | $66.3M | 50x | as long as short |
| Kalshi KXGOLDPERP | +0.0130% | 24h | 4,322.5 | −0.025% | $3.5M | $49.7M | 15x | as long as short |
| Polymarket Perps GOLD-USD | +0.0135% | 1h | 4,322.4 | −0.027% | $4.3M | $1.7M | 20x | as long as short |
| Extended XAU-USD | +0.0144% | 1h | 4,317.6 | −0.138% | $12.7M | $34.8M | 25x | as long as short |
| Lighter RH XAUlong | +0.0152% | 1h | 4,323.6 | long leg | $19.8M | $40.3M | 25x | |
| Bullet GOLD-USD | +0.0200% | 1h | 4,323 | −0.014% | $59K | $76K | 10x | as long as short |
| Bitget XAUUSDT | +0.0210% | 4h | 4,323.1 | −0.012% | $74.0M | $134.1M | 100x | as long as short |
| Deribit GOLD_USDC-PERPETUAL | +0.0237% | 1h | 4,318.5 | −0.117% | $135K | $788K | 25x | as long as short |
| OKX XAU-USDT-SWAP | +0.0243% | 8h | 4,323.7 | +0.003% | $170.6M | $354.1M | 100x | as long as short |
| BloFin XAU-USDT | +0.0353% | 4h | 4,320.5 | −0.072% | $16.2M | $5.3M | 100x | as long as short |
| Kraken Futures PF_XAUUSD | +0.0412% | 1h | 4,317.3 | −0.145% | $581K | $165K | 25x | as long as short |
| Phemex XAUUSDT | +0.0455% | 4h | 4,321.5 | −0.048% | $2.2M | $783K | 100x | as long as short |
| GMX GOLD/USD [ETH-USDC] | L +0.0459% / S −0.0306% | 1h | 4,321 | −0.060% | $252K | — | 111x | as long as short |
| HTX XAU-USDT | +0.1127% | 4h | 4,328 | +0.102% | $3.2M | $7.0M | 75x | as long as short |
RISEx XAU/USDC
Aster XAUUSD1
Phoenix GOLD
Hotstuff GOLD-PERP
Gate XAU_USDT
Lighter XAU
Pacifica XAU
ApeX Omni XAUUSDT
Bluefin GOLD-PERP
MEXC XAU_USDT
GRVT XAU_USDT_Perp
Aevo XAU-PERP
Binance XAUUSDT
Bybit XAUUSDT
edgeX XAUUSDC
Kalshi KXGOLDPERP
Polymarket Perps GOLD-USD
Extended XAU-USD
Bullet GOLD-USD
Bitget XAUUSDT
Deribit GOLD_USDC-PERPETUAL
OKX XAU-USDT-SWAP
BloFin XAU-USDT
Kraken Futures PF_XAUUSD
Phemex XAUUSDT
GMX GOLD/USD [ETH-USDC]
HTX XAU-USDT