Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0258%/8h= −28.2% APRpaid last 24h −0.076%

Price spread now: Pacifica against BloFin−0.065%94s7-day average −0.084% · you buy dearer than you sell

Net, funding: paid 7d − costs−$59as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$210.215% of the position

Long on BloFin Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.376%−$38 on $10k

Price spread, last 4 days (all we have)−0.176%−$18 · spread now −0.065%, 7d avg −0.084%

Together, before fees−0.552%+ Points / potential airdropPacifica: Active · farm board−$55 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.084%, so right now this pair is about funding alone: −$8 a day on $10k at the current rate. The two prices were read 94 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin XAU-USDT	4,333.1	0.0358	pay 0.0179% / 4h	2h 59m	$16.2M	$5.5M	100x
Short	Pacifica XAU	4,330.3	0.0100	get 0.0013% / 1h	59m 42s	$1.4M	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against BloFin. 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 BloFinbpFee PacificabpOrdersPrice spread, now −0.065%Rate

Funding earned: −$54.12
Price spread: −0.065% → −0.084%: $1.94
Slippage, 4 orders: −$1.46
Fee BloFin: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$73.64
Costs to cover: 0.215%
Break-even: never at this rate

Slippage from BloFin: 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 BloFin live order book, 4 min ago	0.02 bp	6.0 bp −$6	6.0 bp −$60	7.6 bp −$764	doesn't fit
Sell Pacifica live order book, 4 min ago	0.23 bp	4.9 bp −$5	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
SunX XAU-USDT	0.0000%	4h	4,338	+0.114%	$92K	$6.5M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,330.7	−0.056%	$275K	—	250x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.400%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,334.1	+0.023%	$3.8M	$4.5M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,366.7	+0.775%	—	$1.0M	25x	as long as short
QFEX GOLD-USD	+0.0046%	1h	4,331.8	−0.030%	$6.6M	$3.1M	20x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,330.6	−0.058%	$292.5M	$55.4M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0050%	1h	4,333.7	+0.014%	$4.3M	$1.7M	20x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,330.2	−0.067%	$15.1M	$57.3M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0056%	1h	4,328.3	−0.111%	$2.0M	$5.2M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex XAU-USD-PERP	+0.0058%	8h	4,333.4	+0.008%	$2K	$13K	5x	as long as short
Aster XAUUSD1	+0.0059%	4h	4,334.7	+0.036%	$74.4M	$272.9M	20x	as long as short
Hotstuff GOLD-PERP	+0.0072%	1h	4,329.4	−0.085%	$32K	—	25x	as long as short
Lighter XAU	+0.0080%	1h	4,333	−0.002%	$20.2M	$29.2M	25x	as long as short
Extended XAU-USD	+0.0080%	1h	4,331	−0.049%	$12.7M	$35.9M	25x	as long as short
Lighter RH XAU	+0.0088%	1h	4,335.1	+0.045%	$19.9M	$38.4M	25x	as long as short
Variational Omni XAU	+0.0093%	4h	4,332	−0.026%	$47.2M	$30.1M	—	as long as short
Phoenix GOLD	+0.0095%	1h	4,333.5	+0.009%	$43K	$86K	25x	as long as short
Pacifica XAUshort	+0.0100%	1h	4,330.3	−0.065%	$1.4M	$1.3M	10x
ApeX Omni XAUUSDT	+0.0100%	1h	4,334.7	+0.036%	$285K	$232K	50x	as long as short
Gate XAU_USDT	+0.0102%	4h	4,336.5	+0.079%	$299.3M	$447.7M	100x	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,333.4	+0.006%	$160K	$87	10x	as long as short
MEXC XAU_USDT	+0.0114%	4h	4,333.2	+0.001%	$352.9M	$346.7M	1000x	as long as short
Binance XAUUSDT	+0.0116%	4h	4,333.2	+0.001%	$437.8M	$2.35B	100x	as long as short
Kalshi KXGOLDPERP	+0.0120%	24h	4,334.4	+0.030%	$3.5M	$48.5M	15x	as long as short
RISEx XAU/USDC	+0.0126%	1h	4,334.3	+0.029%	$4.6M	$13.6M	25x	as long as short
edgeX XAUUSDC	+0.0127%	4h	4,331.6	−0.035%	$30.3M	$64.7M	50x	as long as short
Bybit XAUUSDT	+0.0132%	4h	4,335	+0.045%	$82.4M	$168.9M	150x	as long as short
GRVT XAU_USDT_Perp	+0.0154%	4h	4,335.1	+0.046%	$1.4M	$3.0M	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0166%	1h	4,332.4	−0.016%	$134K	$779K	25x	as long as short
Bullet GOLD-USD	+0.0178%	1h	4,334	+0.021%	$59K	$77K	10x	as long as short
Bitget XAUUSDT	+0.0198%	4h	4,334.7	+0.036%	$72.1M	$132.1M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0244%	8h	4,335.1	+0.046%	$170.9M	$354.2M	100x	as long as short
Phemex XAUUSDT	+0.0285%	4h	4,335.8	+0.062%	$2.2M	$961K	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0326%	1h	4,331.4	−0.040%	$583K	$150K	25x	as long as short
BloFin XAU-USDTlong	+0.0358%	4h	4,333.1	long leg	$16.2M	$5.5M	100x
GMX GOLD/USD [ETH-USDC]	L +0.0466% / S −0.0313%	1h	4,332.8	−0.008%	$256K	—	111x	as long as short
HTX XAU-USDT	+0.1107%	4h	4,340.9	+0.179%	$3.2M	$7.0M	75x	as long as short
Bluefin GOLD-PERP	+0.1311%	1h	4,327.2	−0.137%	$25K	$1K	20x	as long as short