Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0042%/8h= +4.6% APRpaid last 24h +0.001%

Price spread now: Pacifica against Aster−0.119%7-day average −0.099% · you buy dearer than you sell

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$180.179% of the position

Long on Aster Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.005%$0 on $10k

Price spread, last 7 days+0.028%+$3 · spread now −0.119%, 7d avg −0.099%

Together, before fees+0.023%+ Points / potential airdropAster: Stage 5 · Pacifica: Active · farm board+$2 on $10k · with fees, hour by hour

Funding pays, the price is against you. Pacifica is 0.021% cheaper against Aster than usual: you would sell low and buy high (spread −0.119% now, against its 7-day average of −0.099%). If the spread goes back, that is −$2 on $10k: about 39 hours of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XAUUSD1	4,306.6	0.0058	pay 0.0029% / 4h	3h 59m	$72.9M	$272.1M	20x
Short	Pacifica XAU	4,301.5	0.0100	get 0.0013% / 1h	59m 42s	$1.4M	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Aster. 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 AsterbpFee PacificabpOrdersPrice spread, now −0.119%Rate

Funding earned: $8.79
Price spread: −0.119% → −0.099%: −$2.05
Slippage, 4 orders: −$1.88
Fee Aster: 4 bp × 2 orders: −$8
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$11.15
Costs to cover: 0.179%
Break-even: 15.9 days

Slippage from Aster: live order book, 4 min ago; Pacifica: 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 Aster live order book, 4 min ago	0.01 bp	4.0 bp −$4	5.0 bp −$50	14.3 bp −$1,433	doesn't fit
Sell Pacifica live order book, 4 min ago	0.12 bp	5.5 bp −$6	doesn't fit	doesn't fit	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
Bybit XAUUSDT	0.0000%	4h	4,305	−0.038%	$77.0M	$156.5M	150x	as long as short
SunX XAU-USDT	0.0000%	4h	4,309.7	+0.070%	$92K	$7.0M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,300.9	−0.133%	$268K	—	250x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+1.016%	$619	$54	52x	as long as short
QFEX GOLD-USD	+0.0045%	1h	4,304	−0.061%	$6.6M	$3.1M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,336.7	+0.698%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,301.3	−0.124%	$289.9M	$53.5M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,301.2	−0.126%	$15.0M	$55.4M	25x	as long as short
Aster XAUUSD1long	+0.0058%	4h	4,306.6	long leg	$72.9M	$272.1M	20x
Paradex XAU-USD-PERP	+0.0062%	8h	4,304.3	−0.055%	$2K	$14K	5x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XAU	+0.0072%	1h	4,304.3	−0.054%	$20.2M	$28.2M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,301.1	−0.129%	$2.0M	$5.1M	25x	as long as short
Extended XAU-USD	+0.0096%	1h	4,300.7	−0.137%	$13.1M	$36.3M	25x	as long as short
Hotstuff GOLD-PERP	+0.0096%	1h	4,300.9	−0.133%	$32K	—	25x	as long as short
Phoenix GOLD	+0.0096%	1h	4,305.5	−0.027%	$42K	$79K	25x	as long as short
Pacifica XAUshort	+0.0100%	1h	4,301.5	−0.119%	$1.4M	$1.2M	10x
ApeX Omni XAUUSDT	+0.0100%	1h	4,303.7	−0.068%	$269K	$214K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,301.5	−0.120%	$25K	$1K	20x	as long as short
Kalshi KXGOLDPERP	+0.0101%	24h	4,306.9	+0.006%	$3.6M	$45.7M	15x	as long as short
Variational Omni XAU	+0.0102%	4h	4,304.4	−0.052%	$46.7M	$29.3M	—	as long as short
Lighter RH XAU	+0.0104%	1h	4,306.5	−0.002%	$19.8M	$39.0M	25x	as long as short
MEXC XAU_USDT	+0.0112%	4h	4,305.4	−0.029%	$362.4M	$329.7M	1000x	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,304.8	−0.043%	$159K	$87	10x	as long as short
Binance XAUUSDT	+0.0115%	4h	4,305.4	−0.030%	$428.4M	$2.19B	100x	as long as short
Gate XAU_USDT	+0.0120%	4h	4,307	+0.008%	$291.6M	$415.5M	100x	as long as short
GRVT XAU_USDT_Perp	+0.0120%	4h	4,306.2	−0.010%	$1.4M	$3.0M	25x	as long as short
edgeX XAUUSDC	+0.0123%	4h	4,304	−0.062%	$29.9M	$60.6M	50x	as long as short
RISEx XAU/USDC	+0.0126%	1h	4,304.9	−0.040%	$4.4M	$13.1M	25x	as long as short
StandX XAU-USD	+0.0189%	1h	4,306.6	−0.001%	$3.8M	$4.5M	40x	as long as short
Bitget XAUUSDT	+0.0192%	4h	4,304.9	−0.040%	$70.9M	$122.7M	100x	as long as short
Bullet GOLD-USD	+0.0198%	1h	4,305.1	−0.036%	$59K	$81K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0214%	1h	4,305.7	−0.022%	$4.3M	$1.8M	20x	as long as short
Kraken Futures PF_XAUUSD	+0.0229%	1h	4,302.8	−0.089%	$572K	$138K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0256%	8h	4,304.8	−0.043%	$172.0M	$316.1M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0261%	1h	4,304.7	−0.045%	$135K	$868K	25x	as long as short
BloFin XAU-USDT	+0.0421%	4h	4,305	−0.038%	$16.6M	$4.9M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0466% / S −0.0313%	1h	4,305.2	−0.033%	$254K	—	111x	as long as short
Phemex XAUUSDT	+0.0512%	4h	4,310.9	+0.100%	$2.2M	$950K	100x	as long as short
HTX XAU-USDT	+0.0555%	4h	4,312.5	+0.136%	$3.2M	$6.2M	75x	as long as short