Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0016%/8h= +1.7% APRpaid last 24h −0.029%

Price spread now: Pacifica against Binance−0.035%7-day average −0.067% · you buy dearer than you sell

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$200.203% of the position

Long on Binance Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.044%−$4 on $10k

Price spread, last 2 days (all we have)−0.029%−$3 · spread now −0.035%, 7d avg −0.067%

Together, before fees−0.074%+ Points / potential airdropPacifica: Active · farm board−$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Pacifica is 0.032% dearer against Binance than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.067%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance XAUUSDT	4,345.5	0.0084	pay 0.0042% / 4h	2h 22m	$412.4M	$2.09B	100x
Short	Pacifica XAU	4,344	0.0100	get 0.0013% / 1h	22m 42s	$1.4M	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Binance. 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 BinancebpFee PacificabpOrdersPrice spread, now −0.035%Rate

Funding earned: $3.34
Price spread: −0.035% → −0.067%: $3.18
Slippage, 4 orders: −$2.33
Fee Binance: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$13.81
Costs to cover: 0.203%
Break-even: 36.0 days

Slippage from Binance: live order book, 6 min ago; Pacifica: live order book, 6 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 Binance live order book, 6 min ago	0.01 bp	5.0 bp −$5	5.0 bp −$50	8.0 bp −$803	doesn't fit
Sell Pacifica live order book, 6 min ago	0.34 bp	5.0 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
Bluefin GOLD-PERP	−0.0338%	1h	4,341.1	−0.101%	$26K	$21K	20x	as long as short
Aster XAUUSD1	0.0000%	4h	4,346.4	+0.020%	$70.8M	$240.4M	20x	as long as short
Bybit XAUUSDT	0.0000%	4h	4,346.6	+0.024%	$82.9M	$142.9M	150x	as long as short
Gate XAU_USDT	0.0000%	4h	4,347.2	+0.038%	$272.3M	$411.5M	100x	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,343.9	−0.037%	$3.9M	$34.1M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,350.1	+0.106%	$92K	$10.9M	20x	as long as short
GRVT XAU_USDT_Perp	+0.0008%	4h	4,345.8	+0.006%	$1.4M	$3.3M	25x	as long as short
Lighter XAU	+0.0032%	1h	4,344.8	−0.016%	$20.6M	$46.5M	25x	as long as short
Lighter RH XAU	+0.0032%	1h	4,347.5	+0.044%	$20.1M	$44.8M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,344.7	−0.019%	$13.1M	$50.7M	25x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.113%	$619	$54	52x	as long as short
Bullet GOLD-USD	+0.0035%	1h	4,346	+0.010%	$58K	$83K	10x	as long as short
StandX XAU-USD	+0.0040%	1h	4,346.1	+0.013%	$3.8M	$4.7M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,382.2	+0.844%	—	$995K	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,343.2	−0.053%	$293.0M	$51.7M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0050%	1h	4,345.4	−0.003%	$4.3M	$2.2M	20x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,342.3	−0.073%	$14.8M	$52.7M	25x	as long as short
QFEX GOLD-USD	+0.0052%	1h	4,345	−0.012%	$5.5M	$1.9M	20x	as long as short
Paradex XAU-USD-PERP	+0.0062%	8h	4,346.1	+0.012%	$19K	$6K	5x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,343.6	−0.044%	$2.0M	$5.2M	25x	as long as short
Binance XAUUSDTlong	+0.0084%	4h	4,345.5	long leg	$412.4M	$2.09B	100x
Variational Omni XAU	+0.0086%	4h	4,345.6	+0.001%	$47.8M	$34.2M	—	as long as short
MEXC XAU_USDT	+0.0086%	4h	4,345.6	+0.002%	$369.1M	$341.9M	1000x	as long as short
Hotstuff GOLD-PERP	+0.0088%	1h	4,342.9	−0.060%	$33K	—	25x	as long as short
Pacifica XAUshort	+0.0100%	1h	4,344	−0.035%	$1.4M	$1.2M	10x
ApeX Omni XAUUSDT	+0.0100%	1h	4,342.9	−0.061%	$273K	$203K	50x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,345.7	+0.003%	$161K	$87	10x	as long as short
Bitget XAUUSDT	+0.0106%	4h	4,345.8	+0.006%	$67.3M	$112.7M	100x	as long as short
Phoenix GOLD	+0.0109%	1h	4,345.1	−0.010%	$47K	$69K	25x	as long as short
edgeX XAUUSDC	+0.0112%	4h	4,341.5	−0.092%	$30.2M	$57.5M	50x	as long as short
HTX XAU-USDT	+0.0129%	4h	4,349.2	+0.085%	$2.8M	$3.7M	75x	as long as short
RISEx XAU/USDC	+0.0190%	1h	4,346	+0.011%	$3.5M	$12.5M	25x	as long as short
OKX XAU-USDT-SWAP	+0.0244%	8h	4,345.9	+0.009%	$157.7M	$271.7M	100x	as long as short
BloFin XAU-USDT	+0.0327%	4h	4,345.8	+0.005%	$14.8M	$4.3M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0333%	1h	4,343.3	−0.051%	$587K	$114K	25x	as long as short
Phemex XAUUSDT	+0.0382%	4h	4,348.7	+0.074%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0495% / S −0.0311%	1h	4,345.7	+0.005%	$251K	—	29x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0672%	1h	4,342.9	−0.060%	$221K	$893K	25x	as long as short