Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0055%/8h= +6.0% APRpaid last 24h −0.005%

Price spread now: Pacifica against Bybit−0.125%7-day average −0.116% · you buy dearer than you sell

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$210.205% of the position

Long on Bybit Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.012%−$1 on $10k

Price spread, last 7 days+0.001%$0 · spread now −0.125%, 7d avg −0.116%

Together, before fees−0.012%+ Points / potential airdropPacifica: Active · farm board−$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.116%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit XAUUSDT	4,342.5	0.0045	pay 0.0023% / 4h	3h 52m	$80.7M	$150.4M	150x
Short	Pacifica XAU	4,337	0.0100	get 0.0013% / 1h	52m 08s	$1.4M	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Bybit. 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 BybitbpFee PacificabpOrdersPrice spread, now −0.125%Rate

Funding earned: $11.54
Price spread: −0.125% → −0.116%: −$0.93
Slippage, 4 orders: −$1.54
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$9.94
Costs to cover: 0.205%
Break-even: 13.0 days

Slippage from Bybit: live order book, 2 min ago; Pacifica: live order book, 2 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 Bybit live order book, 2 min ago	0.01 bp	5.5 bp −$6	5.5 bp −$55	12.9 bp −$1,287	41.2 bp −$20.6K
Sell Pacifica live order book, 2 min ago	0.12 bp	5.2 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	4,345.4	+0.069%	$92K	$8.8M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,337.3	−0.119%	$289K	—	250x	as long as short
RISEx XAU/USDC	+0.0005%	1h	4,340.3	−0.049%	$3.5M	$12.3M	25x	as long as short
Gate XAU_USDT	+0.0026%	4h	4,343.3	+0.019%	$267.5M	$410.5M	100x	as long as short
Lighter RH XAU	+0.0032%	1h	4,342.3	−0.005%	$20.1M	$39.1M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,337	−0.125%	$13.3M	$38.1M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.184%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,341.9	−0.013%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0042%	1h	4,338.9	−0.082%	$5.7M	$2.0M	20x	as long as short
Bybit XAUUSDTlong	+0.0045%	4h	4,342.5	long leg	$80.7M	$150.4M	150x

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest GC-PERP	+0.0046%	1h	4,373.4	+0.713%	—	$1.0M	25x	as long as short
Lighter XAU	+0.0048%	1h	4,340.2	−0.053%	$20.8M	$34.4M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,337.6	−0.112%	$293.2M	$48.9M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,337.3	−0.118%	$15.1M	$56.7M	25x	as long as short
Kalshi KXGOLDPERP	+0.0050%	24h	4,338.6	−0.089%	$4.2M	$37.4M	15x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0056%	1h	4,338	−0.102%	$2.1M	$4.8M	25x	as long as short
Bluefin GOLD-PERP	+0.0060%	1h	4,334.4	−0.185%	$25K	$14K	20x	as long as short
Aster XAUUSD1	+0.0073%	4h	4,342.6	+0.003%	$71.3M	$332.5M	20x	as long as short
Paradex XAU-USD-PERP	+0.0080%	8h	4,340.6	−0.042%	$19K	$5K	5x	as long as short
Variational Omni XAU	+0.0083%	4h	4,341.1	−0.031%	$48.4M	$27.6M	—	as long as short
MEXC XAU_USDT	+0.0096%	4h	4,341.3	−0.027%	$373.2M	$317.1M	1000x	as long as short
Binance XAUUSDT	+0.0096%	4h	4,341.5	−0.021%	$414.1M	$2.09B	100x	as long as short
Pacifica XAUshort	+0.0100%	1h	4,337	−0.125%	$1.4M	$1.1M	10x
ApeX Omni XAUUSDT	+0.0100%	1h	4,339.9	−0.059%	$274K	$203K	50x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,340.3	−0.049%	$161K	$87	10x	as long as short
edgeX XAUUSDC	+0.0106%	4h	4,336.4	−0.138%	$30.2M	$58.1M	50x	as long as short
Hotstuff GOLD-PERP	+0.0112%	1h	4,337.6	−0.112%	$33K	—	25x	as long as short
Phoenix GOLD	+0.0136%	1h	4,339.2	−0.075%	$47K	$77K	25x	as long as short
GRVT XAU_USDT_Perp	+0.0182%	4h	4,341	−0.033%	$1.4M	$2.9M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0208%	1h	4,341	−0.033%	$4.3M	$2.0M	20x	as long as short
Bullet GOLD-USD	+0.0210%	1h	4,341.2	−0.029%	$59K	$82K	10x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0211%	1h	4,339.4	−0.070%	$205K	$826K	25x	as long as short
Bitget XAUUSDT	+0.0240%	4h	4,342.2	−0.006%	$71.0M	$109.4M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0259%	1h	4,337.9	−0.104%	$592K	$132K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0311%	8h	4,343	+0.013%	$165.8M	$281.2M	100x	as long as short
BloFin XAU-USDT	+0.0344%	4h	4,341.7	−0.016%	$15.6M	$4.4M	100x	as long as short
Phemex XAUUSDT	+0.0397%	4h	4,343.9	+0.034%	$2.2M	$967K	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0425% / S −0.0249%	1h	4,341.2	−0.028%	$250K	—	111x	as long as short
HTX XAU-USDT	+0.0526%	4h	4,345.2	+0.063%	$2.8M	$4.6M	75x	as long as short