XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0111%/8h= −12.2% APRnext payment −$0.14 per $10,000 · paid last 24h −0.045%

Price spread now: Pacifica against Deribit−0.048%7-day average +0.034% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$220.215% of the position

Long on Deribit Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.734%−$73 on $10k

Price spread, last 4 days (all we have)−0.001%$0 · spread now −0.048%, 7d avg +0.034%

Together, before fees−0.735%+ Points / potential airdropPacifica: Active · farm board−$74 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Pacifica is 0.083% cheaper against Deribit than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.034%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit GOLD_USDC-PERPETUAL	4,339.7	0.0211	pay 0.0026% / 1h	51m 18s	$205K	$826K	25x
Short	Pacifica XAU	4,337.6	0.0100	get 0.0013% / 1h	51m 18s	$1.4M	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Deribit. 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 DeribitbpFee PacificabpOrdersPrice spread, now −0.048%Rate

Funding earned: −$23.32
Price spread: −0.048% → +0.034%: −$8.26
Slippage, 4 orders: −$6.53
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$53.12
Costs to cover: 0.215%
Break-even: never at this rate

Slippage from Deribit: live order book, 3 min ago; Pacifica: live order book, 3 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 Deribit live order book, 3 min ago	0.12 bp	3.6 bp −$4	4.8 bp −$48	doesn't fit	doesn't fit
Sell Pacifica live order book, 3 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	4,345.8	+0.140%	$92K	$8.7M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,337.3	−0.055%	$289K	—	250x	as long as short
RISEx XAU/USDC	+0.0005%	1h	4,340.9	+0.027%	$3.5M	$12.2M	25x	as long as short
Bluefin GOLD-PERP	+0.0022%	1h	4,334.2	−0.127%	$25K	$14K	20x	as long as short
Lighter RH XAU	+0.0032%	1h	4,342.1	+0.056%	$20.1M	$39.1M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,337.3	−0.055%	$13.3M	$38.1M	25x	as long as short
Gate XAU_USDT	+0.0032%	4h	4,342.9	+0.075%	$267.5M	$410.7M	100x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.247%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,341.7	+0.046%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0042%	1h	4,340.3	+0.014%	$5.7M	$2.0M	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit XAUUSDT	+0.0044%	4h	4,342	+0.052%	$80.7M	$150.4M	150x	as long as short
Vest GC-PERP	+0.0046%	1h	4,373.9	+0.788%	—	$1.0M	25x	as long as short
Lighter XAU	+0.0048%	1h	4,340	+0.006%	$20.8M	$34.4M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,338.3	−0.032%	$293.3M	$48.9M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,337.9	−0.042%	$15.1M	$56.8M	25x	as long as short
Kalshi KXGOLDPERP	+0.0050%	24h	4,339	−0.016%	$4.2M	$37.4M	15x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0056%	1h	4,338.9	−0.018%	$2.1M	$4.8M	25x	as long as short
Aster XAUUSD1	+0.0073%	4h	4,342.7	+0.070%	$71.3M	$332.5M	20x	as long as short
Paradex XAU-USD-PERP	+0.0080%	8h	4,341.3	+0.038%	$19K	$5K	5x	as long as short
Variational Omni XAU	+0.0083%	4h	4,341.1	+0.032%	$48.4M	$27.6M	—	as long as short
Hotstuff GOLD-PERP	+0.0088%	1h	4,338.4	−0.030%	$33K	—	25x	as long as short
MEXC XAU_USDT	+0.0096%	4h	4,341.3	+0.038%	$372.6M	$317.2M	1000x	as long as short
Binance XAUUSDT	+0.0097%	4h	4,341.1	+0.033%	$414.1M	$2.09B	100x	as long as short
Pacifica XAUshort	+0.0100%	1h	4,337.6	−0.048%	$1.4M	$1.1M	10x
ApeX Omni XAUUSDT	+0.0100%	1h	4,339.2	−0.012%	$274K	$203K	50x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,340.5	+0.018%	$161K	$87	10x	as long as short
edgeX XAUUSDC	+0.0112%	4h	4,336.5	−0.074%	$30.2M	$58.2M	50x	as long as short
Phoenix GOLD	+0.0136%	1h	4,339.2	−0.012%	$47K	$77K	25x	as long as short
GRVT XAU_USDT_Perp	+0.0144%	4h	4,341	+0.029%	$1.4M	$2.9M	25x	as long as short
Bullet GOLD-USD	+0.0211%	1h	4,341.6	+0.043%	$59K	$82K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0211%	1h	4,341.4	+0.039%	$4.3M	$2.0M	20x	as long as short
Deribit GOLD_USDC-PERPETUALlong	+0.0211%	1h	4,339.7	long leg	$205K	$826K	25x
Bitget XAUUSDT	+0.0240%	4h	4,341.4	+0.038%	$71.0M	$109.4M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0259%	1h	4,338.6	−0.026%	$592K	$132K	25x	as long as short
Phemex XAUUSDT	+0.0289%	4h	4,343.9	+0.098%	$2.2M	$967K	100x	as long as short
OKX XAU-USDT-SWAP	+0.0312%	8h	4,343.2	+0.081%	$165.9M	$280.8M	100x	as long as short
BloFin XAU-USDT	+0.0345%	4h	4,341.7	+0.047%	$15.6M	$4.4M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0425% / S −0.0250%	1h	4,341.6	+0.043%	$250K	—	111x	as long as short
HTX XAU-USDT	+0.0507%	4h	4,345.2	+0.127%	$2.8M	$4.6M	75x	as long as short