Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0016%/8h= −1.8% APRpaid last 24h −0.008%

Price spread now: Pacifica against edgeX+0.004%7-day average +0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$190.191% of the position

Long on edgeX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.052%−$5 on $10k

Price spread, last 7 days−0.072%−$7 · spread now +0.004%, 7d avg +0.010%

Together, before fees−0.123%+ Points / potential airdropedgeX: Active · Pacifica: Active · farm board−$12 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.010%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX XAUUSDC	4,319.6	0.0116	pay 0.0058% / 4h	1h 31m	$30.0M	$61.3M	50x
Short	Pacifica XAU	4,319.8	0.0100	get 0.0013% / 1h	31m 15s	$1.4M	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against edgeX. 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 edgeXbpFee PacificabpOrdersPrice spread, now +0.004%Rate

Funding earned: −$3.4
Price spread: +0.004% → +0.010%: −$0.58
Slippage, 4 orders: −$2.11
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$23.09
Costs to cover: 0.191%
Break-even: never at this rate

Slippage from edgeX: 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 edgeX live order book, 3 min ago	0.23 bp	4.7 bp −$5	4.7 bp −$47	7.5 bp −$752	37.6 bp −$18.8K
Sell Pacifica live order book, 3 min ago	0.12 bp	4.6 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
Bluefin GOLD-PERP	−0.0098%	1h	4,316.8	−0.064%	$25K	$14K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,327.2	+0.177%	$92K	$7.7M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,319.8	+0.005%	$270K	—	250x	as long as short
Bybit XAUUSDT	+0.0005%	4h	4,323.9	+0.101%	$77.4M	$155.1M	150x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.714%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,323.4	+0.088%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0042%	1h	4,322	+0.056%	$5.4M	$2.0M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,355.4	+0.829%	—	$1.0M	25x	as long as short
Extended XAU-USD	+0.0048%	1h	4,319.2	−0.009%	$12.9M	$36.9M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,319.5	−0.002%	$291.5M	$51.5M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps XAU-USD.P	+0.0050%	1h	4,318.5	−0.025%	$15.0M	$55.6M	25x	as long as short
Lighter XAU	+0.0064%	1h	4,322.8	+0.075%	$20.3M	$30.5M	25x	as long as short
Aster XAUUSD1	+0.0068%	4h	4,324.9	+0.123%	$72.5M	$278.0M	20x	as long as short
Hotstuff GOLD-PERP	+0.0072%	1h	4,319.8	+0.005%	$32K	—	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,321.5	+0.044%	$2.1M	$4.9M	25x	as long as short
Paradex XAU-USD-PERP	+0.0074%	8h	4,323	+0.078%	$2K	$13K	5x	as long as short
Kalshi KXGOLDPERP	+0.0076%	24h	4,324.6	+0.116%	$3.8M	$43.6M	15x	as long as short
GRVT XAU_USDT_Perp	+0.0080%	4h	4,322.8	+0.075%	$1.4M	$3.0M	25x	as long as short
Variational Omni XAU	+0.0092%	4h	4,321.3	+0.041%	$47.3M	$28.9M	—	as long as short
MEXC XAU_USDT	+0.0096%	4h	4,323	+0.079%	$362.3M	$330.6M	1000x	as long as short
Binance XAUUSDT	+0.0097%	4h	4,323.3	+0.085%	$416.4M	$2.12B	100x	as long as short
Gate XAU_USDT	+0.0098%	4h	4,325.1	+0.127%	$282.6M	$415.9M	100x	as long as short
Phoenix GOLD	+0.0100%	1h	4,322	+0.056%	$47K	$79K	25x	as long as short
Pacifica XAUshort	+0.0100%	1h	4,319.8	+0.004%	$1.4M	$1.2M	10x
ApeX Omni XAUUSDT	+0.0100%	1h	4,319.9	+0.006%	$272K	$208K	50x	as long as short
Lighter RH XAU	+0.0104%	1h	4,325.3	+0.133%	$19.8M	$38.7M	25x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,322.6	+0.069%	$160K	$87	10x	as long as short
edgeX XAUUSDClong	+0.0116%	4h	4,319.6	long leg	$30.0M	$61.3M	50x
Kraken Futures PF_XAUUSD	+0.0153%	1h	4,320.2	+0.014%	$584K	$134K	25x	as long as short
Bullet GOLD-USD	+0.0177%	1h	4,323.3	+0.086%	$59K	$82K	10x	as long as short
RISEx XAU/USDC	+0.0184%	1h	4,325.4	+0.134%	$4.2M	$12.8M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0208%	1h	4,323	+0.079%	$4.3M	$1.9M	20x	as long as short
Bitget XAUUSDT	+0.0226%	4h	4,323	+0.079%	$67.8M	$118.6M	100x	as long as short
HTX XAU-USDT	+0.0238%	4h	4,326.7	+0.164%	$2.8M	$4.9M	75x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0259%	1h	4,322.1	+0.058%	$192K	$834K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0308%	8h	4,323.5	+0.091%	$171.3M	$297.7M	100x	as long as short
BloFin XAU-USDT	+0.0337%	4h	4,323.3	+0.085%	$16.1M	$4.6M	100x	as long as short
Phemex XAUUSDT	+0.0342%	4h	4,324.6	+0.116%	$2.2M	$967K	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0462% / S −0.0307%	1h	4,323.3	+0.086%	$252K	—	111x	as long as short