Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0010%/8h= −1.1% APRpaid last 24h −0.009%

Price spread now: Lighter RH against MEXC+0.024%7-day average −0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$12as in the Funding arb table

Net, price: spread back to 7d avg − costs−$2as in the Price arb table

costs, in and out, $10k−$60.058% of the position

Long on MEXC Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days−0.067%−$7 on $10k

Price spread, last 7 days−0.058%−$6 · spread now +0.024%, 7d avg −0.016%

Together, before fees−0.124%+ Points / potential airdropLighter RH: Points live · farm board−$12 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter RH is 0.041% dearer against MEXC than usual: you sell high and buy low (spread +0.024% now, against its 7-day average of −0.016%): +$4 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 14 days. At the pace of the last 7 days (−0.067% in total) that is about 4.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC XAU_USDT	4,357.9	0.0074	pay 0.0037% / 4h	1h 24m	$372.1M	$318.9M	1000x
Short	Lighter RH XAU	4,359	0.0064	get 0.0008% / 1h	24m 10s	$20.2M	$39.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against MEXC. 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 MEXCbpFee Lighter RHbpOrdersPrice spread, now +0.024%Rate

Funding earned: −$2.1
Price spread: +0.024% → −0.016%: $4.06
Slippage, 4 orders: −$1.83
Fee MEXC: 2 bp × 2 orders: −$4
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$3.88
Costs to cover: 0.058%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; Lighter RH: 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 MEXC live order book, 5 min ago	0.03 bp	2.0 bp −$2	2.0 bp −$20	6.2 bp −$621	25.0 bp −$12.5K
Sell Lighter RH live order book, 5 min ago	0.36 bp	1.1 bp −$1	1.3 bp −$13	5.2 bp −$516	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
SunX XAU-USDT	0.0000%	4h	4,363.2	+0.121%	$93K	$9.2M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,354.6	−0.076%	$267K	—	250x	as long as short
Gate XAU_USDT	+0.0006%	4h	4,359.5	+0.038%	$264.7M	$413.0M	100x	as long as short
RISEx XAU/USDC	+0.0010%	1h	4,358.4	+0.012%	$3.4M	$12.4M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,354.6	−0.076%	$13.6M	$38.8M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.171%	$619	$54	52x	as long as short
Kalshi KXGOLDPERP	+0.0039%	24h	4,356.4	−0.034%	$4.1M	$37.0M	15x	as long as short
StandX XAU-USD	+0.0040%	1h	4,358.9	+0.023%	$3.8M	$4.6M	40x	as long as short
Aster XAUUSD1	+0.0043%	4h	4,358.3	+0.009%	$70.6M	$334.0M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,392.1	+0.785%	—	$1.0M	25x	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	+0.0046%	1h	4,357.2	−0.016%	$5.6M	$1.9M	20x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0048%	1h	4,355.7	−0.050%	$2.0M	$4.9M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,354.9	−0.069%	$294.2M	$48.7M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,355	−0.067%	$15.1M	$57.2M	25x	as long as short
GRVT XAU_USDT_Perp	+0.0054%	4h	4,357.1	−0.018%	$1.4M	$3.0M	25x	as long as short
Lighter XAU	+0.0056%	1h	4,356.7	−0.027%	$20.7M	$42.3M	25x	as long as short
Variational Omni XAU	+0.0057%	4h	4,355.6	−0.052%	$48.3M	$27.9M	—	as long as short
Lighter RH XAUshort	+0.0064%	1h	4,359	+0.024%	$20.2M	$39.7M	25x
Binance XAUUSDT	+0.0074%	4h	4,357.9	0.000%	$412.1M	$2.10B	100x	as long as short
MEXC XAU_USDTlong	+0.0074%	4h	4,357.9	long leg	$372.1M	$318.9M	1000x
Paradex XAU-USD-PERP	+0.0080%	8h	4,358.8	+0.021%	$19K	$5K	5x	as long as short
edgeX XAUUSDC	+0.0093%	4h	4,349.4	−0.195%	$30.3M	$58.3M	50x	as long as short
Aevo XAU-PERP	+0.0096%	1h	4,357.8	−0.003%	$161K	$87	10x	as long as short
Pacifica XAU	+0.0100%	1h	4,355.1	−0.063%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,353.9	−0.091%	$275K	$203K	50x	as long as short
Phemex XAUUSDT	+0.0119%	4h	4,357.8	−0.003%	$2.2M	$1.1M	100x	as long as short
Hotstuff GOLD-PERP	+0.0120%	1h	4,355.2	−0.062%	$33K	—	25x	as long as short
Polymarket Perps GOLD-USD	+0.0124%	1h	4,357.8	−0.002%	$4.3M	$1.9M	20x	as long as short
Phoenix GOLD	+0.0136%	1h	4,350.3	−0.174%	$47K	$77K	25x	as long as short
Bybit XAUUSDT	+0.0199%	4h	4,359.3	+0.031%	$84.5M	$145.4M	150x	as long as short
Bullet GOLD-USD	+0.0200%	1h	4,358.4	+0.012%	$60K	$83K	10x	as long as short
Bitget XAUUSDT	+0.0212%	4h	4,358	+0.002%	$70.2M	$109.4M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0232%	1h	4,356.9	−0.023%	$278K	$727K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0253%	8h	4,359.1	+0.028%	$165.2M	$282.7M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0269%	1h	4,355.5	−0.055%	$594K	$133K	25x	as long as short
BloFin XAU-USDT	+0.0296%	4h	4,356.2	−0.039%	$15.5M	$4.6M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0401% / S −0.0213%	1h	4,358.4	+0.012%	$249K	—	111x	as long as short
Bluefin GOLD-PERP	+0.0463%	1h	4,351.3	−0.152%	$25K	$14K	20x	as long as short
HTX XAU-USDT	+0.0566%	4h	4,364.4	+0.149%	$2.9M	$4.2M	75x	as long as short