Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Pacifica against ApeX Omni−0.026%7-day average −0.036% · you buy dearer than you sell

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$450.454% of the position

Long on ApeX Omni Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.058%−$6 on $10k

Price spread, last 4 days (all we have)−0.022%−$2 · spread now −0.026%, 7d avg −0.036%

Together, before fees−0.080%+ Points / potential airdropPacifica: Active · farm board−$8 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni XAUUSDT	4,349.2	0.0100	pay 0.0013% / 1h	1m 06s	$275K	$204K	50x
Short	Pacifica XAU	4,348.1	0.0100	get 0.0013% / 1h	1m 06s	$1.4M	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against ApeX Omni. 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 ApeX OmnibpFee PacificabpOrdersPrice spread, now −0.026%Rate

Funding earned: $0
Price spread: −0.026% → −0.036%: $0.95
Slippage, 4 orders: −$27.44
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$44.5
Costs to cover: 0.454%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 66 min ago; Pacifica: live order book, 3 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 ApeX Omni live order book, 66 min ago	4.15 bp	15.7 bp −$16	25.2 bp −$252	35.0 bp −$3,499	doesn't fit
Sell Pacifica live order book, 3 min ago	0.12 bp	5.5 bp −$5	doesn't fit	doesn't fit	doesn't fit

XAU on 38 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
Gate XAU_USDT	0.0000%	4h	4,354.9	+0.131%	$263.8M	$418.0M	100x	as long as short
SunX XAU-USDT	0.0000%	4h	4,356.5	+0.167%	$93K	$9.4M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,348.4	−0.019%	$269K	—	250x	as long as short
Extended XAU-USD	+0.0032%	1h	4,348.3	−0.022%	$13.5M	$41.5M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.027%	$619	$54	52x	as long as short
Kalshi KXGOLDPERP	+0.0036%	24h	4,350.3	+0.024%	$4.0M	$36.1M	15x	as long as short
StandX XAU-USD	+0.0040%	1h	4,354.1	+0.112%	$3.8M	$4.6M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,385.6	+0.836%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,350	+0.017%	$293.6M	$49.0M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,349.2	0.000%	$15.1M	$58.0M	25x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX GOLD-USD	+0.0051%	1h	4,350	+0.017%	$5.5M	$1.9M	20x	as long as short
Aster XAUUSD1	+0.0055%	4h	4,353.5	+0.098%	$70.3M	$322.7M	20x	as long as short
Lighter XAU	+0.0056%	1h	4,352.3	+0.070%	$20.6M	$43.9M	25x	as long as short
Lighter RH XAU	+0.0064%	1h	4,353.5	+0.098%	$20.1M	$41.1M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,348.2	−0.024%	$2.0M	$4.9M	25x	as long as short
Paradex XAU-USD-PERP	+0.0087%	8h	4,351.4	+0.050%	$19K	$5K	5x	as long as short
Hotstuff GOLD-PERP	+0.0088%	1h	4,348.2	−0.024%	$33K	—	25x	as long as short
Polymarket Perps GOLD-USD	+0.0088%	1h	4,351.5	+0.052%	$4.3M	$1.9M	20x	as long as short
Pacifica XAUshort	+0.0100%	1h	4,348.1	−0.026%	$1.4M	$1.2M	10x
ApeX Omni XAUUSDTlong	+0.0100%	1h	4,349.2	long leg	$275K	$204K	50x
Bluefin GOLD-PERP	+0.0100%	1h	4,344.9	−0.101%	$25K	$14K	20x	as long as short
Variational Omni XAU	+0.0105%	4h	4,351.6	+0.055%	$48.2M	$28.0M	—	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,351.3	+0.048%	$161K	$87	10x	as long as short
MEXC XAU_USDT	+0.0116%	4h	4,353.2	+0.091%	$373.0M	$325.4M	1000x	as long as short
Binance XAUUSDT	+0.0118%	4h	4,352.7	+0.079%	$410.2M	$2.10B	100x	as long as short
Phoenix GOLD	+0.0121%	1h	4,350.1	+0.020%	$47K	$64K	25x	as long as short
edgeX XAUUSDC	+0.0131%	4h	4,345.5	−0.085%	$30.2M	$59.2M	50x	as long as short
GRVT XAU_USDT_Perp	+0.0134%	4h	4,353.4	+0.095%	$1.4M	$3.0M	25x	as long as short
RISEx XAU/USDC	+0.0135%	1h	4,351.3	+0.047%	$3.4M	$12.4M	25x	as long as short
Bullet GOLD-USD	+0.0177%	1h	4,352.4	+0.073%	$59K	$83K	10x	as long as short
Bybit XAUUSDT	+0.0202%	4h	4,353.9	+0.106%	$84.0M	$144.9M	150x	as long as short
Bitget XAUUSDT	+0.0204%	4h	4,352.6	+0.077%	$69.6M	$108.9M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0246%	8h	4,353.9	+0.107%	$164.6M	$281.8M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0269%	1h	4,348.8	−0.011%	$593K	$133K	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0302%	1h	4,351.1	+0.043%	$260K	$693K	25x	as long as short
Phemex XAUUSDT	+0.0344%	4h	4,353.5	+0.099%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0395% / S −0.0203%	1h	4,352.4	+0.073%	$251K	—	111x	as long as short
HTX XAU-USDT	+0.0612%	4h	4,356.3	+0.163%	$2.9M	$4.1M	75x	as long as short