Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h −0.052%

Price spread now: Pacifica against Bitget−0.069%7-day average −0.104% · you buy dearer than you sell

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$220.219% of the position

Long on Bitget Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.107%−$11 on $10k

Price spread, last 7 days−0.052%−$5 · spread now −0.069%, 7d avg −0.104%

Together, before fees−0.159%+ Points / potential airdropPacifica: Active · farm board−$16 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Pacifica is 0.035% dearer against Bitget than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.104%. Mind the row above: over the last 7 days funding on this pair cost −0.107%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget XAUUSDT	4,355	0	get 0.0000% / 4h	1h 35m	$67.3M	$110.7M	100x
Short	Pacifica XAU	4,352	0.0100	get 0.0013% / 1h	35m 23s	$1.4M	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Bitget. 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 BitgetbpFee PacificabpOrdersPrice spread, now −0.069%Rate

Funding earned: $21
Price spread: −0.069% → −0.104%: $3.45
Slippage, 4 orders: −$1.92
Fee Bitget: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: $2.54
Costs to cover: 0.219%
Break-even: 6.2 days

Slippage from Bitget: 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 Bitget live order book, 4 min ago	0.01 bp	6.0 bp −$6	7.2 bp −$72	11.7 bp −$1,172	doesn't fit
Sell Pacifica live order book, 4 min ago	0.12 bp	4.5 bp −$4	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
Kraken Futures PF_XAUUSD	−0.0175%	1h	4,352.4	−0.060%	$600K	$141K	25x	as long as short
tradeXYZ xyz:GOLD	−0.0004%	1h	4,351.2	−0.087%	$292.9M	$52.9M	25x	as long as short
Aster XAUUSD1	0.0000%	4h	4,355.5	+0.012%	$71.3M	$236.9M	20x	as long as short
Binance XAUUSDT	0.0000%	4h	4,354.8	−0.005%	$410.0M	$2.09B	100x	as long as short
Bybit XAUUSDT	0.0000%	4h	4,355.4	+0.010%	$82.5M	$141.2M	150x	as long as short
RISEx XAU/USDC	0.0000%	1h	4,354.5	−0.010%	$3.5M	$12.4M	25x	as long as short
Hotstuff GOLD-PERP	0.0000%	1h	4,350.6	−0.101%	$33K	—	25x	as long as short
Gate XAU_USDT	0.0000%	4h	4,356.3	+0.030%	$271.1M	$408.2M	100x	as long as short
MEXC XAU_USDT	0.0000%	4h	4,354.7	−0.006%	$375.2M	$350.6M	1000x	as long as short
Bitget XAUUSDTlong	0.0000%	4h	4,355	long leg	$67.3M	$110.7M	100x

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni XAU	0.0000%	4h	4,353.9	−0.024%	$48.0M	$32.0M	—	as long as short
GRVT XAU_USDT_Perp	0.0000%	4h	4,354.8	−0.005%	$1.4M	$3.2M	25x	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,351.4	−0.082%	$4.0M	$34.3M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,358.3	+0.077%	$93K	$10.7M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,351.6	−0.077%	$267K	—	10x	as long as short
QFEX GOLD-USD	+0.0002%	1h	4,354.6	−0.009%	$5.6M	$1.9M	20x	as long as short
edgeX XAUUSDC	+0.0005%	4h	4,350.1	−0.113%	$30.3M	$58.4M	50x	as long as short
Lighter XAU	+0.0032%	1h	4,354.3	−0.017%	$20.9M	$43.9M	25x	as long as short
Lighter RH XAU	+0.0032%	1h	4,356	+0.024%	$20.2M	$41.6M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,351.8	−0.074%	$13.0M	$49.3M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.105%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,354.9	−0.002%	$3.8M	$4.7M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,389.7	+0.797%	—	$1.0M	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0049%	1h	4,353.3	−0.039%	$221K	$810K	25x	as long as short
Polymarket Perps GOLD-USD	+0.0050%	1h	4,354.8	−0.004%	$4.3M	$1.7M	20x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,350.8	−0.097%	$14.4M	$55.5M	25x	as long as short
Paradex XAU-USD-PERP	+0.0051%	8h	4,354.5	−0.011%	$19K	$6K	5x	as long as short
HTX XAU-USDT	+0.0072%	4h	4,358.7	+0.086%	$2.8M	$3.8M	75x	as long as short
Aevo XAU-PERP	+0.0080%	1h	4,354.1	−0.020%	$161K	$87	10x	as long as short
Bullet GOLD-USD	+0.0097%	1h	4,354.9	−0.002%	$59K	$85K	10x	as long as short
Pacifica XAUshort	+0.0100%	1h	4,352	−0.069%	$1.4M	$1.3M	10x
ApeX Omni XAUUSDT	+0.0100%	1h	4,351.9	−0.070%	$273K	$204K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,347.9	−0.163%	$26K	$21K	20x	as long as short
Phoenix GOLD	+0.0109%	1h	4,352.4	−0.059%	$48K	$65K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0158%	8h	4,355.6	+0.014%	$158.8M	$267.4M	100x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0208%	1h	4,353.4	−0.037%	$2.0M	$5.1M	25x	as long as short
BloFin XAU-USDT	+0.0240%	4h	4,354.9	−0.003%	$14.8M	$4.3M	100x	as long as short
Phemex XAUUSDT	+0.0318%	4h	4,357.2	+0.052%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0388% / S −0.0197%	1h	4,354.8	−0.004%	$251K	—	29x	as long as short