Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0042%/8h= +4.6% APRpaid last 24h +0.012%

Price spread now: Pacifica against Gate−0.118%7-day average −0.124% · you buy dearer than you sell

Net, funding: paid 7d − costs−$17as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$250.250% of the position

Long on Gate Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.085%+$9 on $10k

Price spread, last 7 days−0.041%−$4 · spread now −0.118%, 7d avg −0.124%

Together, before fees+0.045%+ Points / potential airdropPacifica: Active · farm board+$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.124%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XAU_USDT	4,342.2	0.0058	pay 0.0029% / 4h	3h 56m	$266.7M	$408.6M	100x
Short	Pacifica XAU	4,337.1	0.0100	get 0.0013% / 1h	56m 35s	$1.4M	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Gate. 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 GatebpFee PacificabpOrdersPrice spread, now −0.118%Rate

Funding earned: $8.82
Price spread: −0.118% → −0.124%: $0.64
Slippage, 4 orders: −$2.03
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$15.57
Costs to cover: 0.250%
Break-even: 19.4 days

Slippage from Gate: 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 Gate live order book, 2 min ago	0.01 bp	7.9 bp −$8	9.2 bp −$92	13.0 bp −$1,295	14.4 bp −$7,191
Sell Pacifica live order book, 2 min ago	0.12 bp	5.4 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
Hotstuff GOLD-PERP	0.0000%	1h	4,337.9	−0.099%	$33K	—	25x	as long as short
SunX XAU-USDT	0.0000%	4h	4,346.1	+0.088%	$92K	$8.8M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,338.4	−0.087%	$271K	—	250x	as long as short
RISEx XAU/USDC	+0.0005%	1h	4,340	−0.052%	$3.5M	$12.3M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,336	−0.143%	$13.2M	$38.0M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.189%	$619	$54	52x	as long as short
Lighter RH XAU	+0.0040%	1h	4,341	−0.028%	$20.1M	$39.0M	25x	as long as short
StandX XAU-USD	+0.0040%	1h	4,345	+0.064%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0042%	1h	4,339.5	−0.063%	$5.7M	$2.0M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,375.4	+0.764%	—	$1.0M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:GOLD	+0.0050%	1h	4,338.1	−0.095%	$293.4M	$48.8M	25x	as long as short
Kalshi KXGOLDPERP	+0.0050%	24h	4,340.4	−0.042%	$4.2M	$37.2M	15x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,337	−0.120%	$15.1M	$56.7M	25x	as long as short
Lighter XAU	+0.0056%	1h	4,339.3	−0.068%	$20.8M	$34.3M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0056%	1h	4,339.1	−0.072%	$2.1M	$4.8M	25x	as long as short
Gate XAU_USDTlong	+0.0058%	4h	4,342.2	long leg	$266.7M	$408.6M	100x
Aster XAUUSD1	+0.0071%	4h	4,341.4	−0.020%	$71.3M	$332.5M	20x	as long as short
Paradex XAU-USD-PERP	+0.0081%	8h	4,339.8	−0.055%	$19K	$5K	5x	as long as short
Variational Omni XAU	+0.0082%	4h	4,346.1	+0.089%	$48.4M	$27.9M	—	as long as short
MEXC XAU_USDT	+0.0094%	4h	4,340.3	−0.044%	$370.6M	$316.3M	1000x	as long as short
Binance XAUUSDT	+0.0096%	4h	4,340.3	−0.045%	$413.6M	$2.09B	100x	as long as short
edgeX XAUUSDC	+0.0099%	4h	4,342.1	−0.002%	$30.2M	$57.9M	50x	as long as short
Pacifica XAUshort	+0.0100%	1h	4,337.1	−0.118%	$1.4M	$1.1M	10x
ApeX Omni XAUUSDT	+0.0100%	1h	4,342.9	+0.016%	$274K	$203K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,335.7	−0.150%	$25K	$14K	20x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,341.5	−0.016%	$161K	$87	10x	as long as short
Phoenix GOLD	+0.0142%	1h	4,342.5	+0.006%	$47K	$77K	25x	as long as short
Polymarket Perps GOLD-USD	+0.0203%	1h	4,342.2	0.000%	$4.3M	$2.0M	20x	as long as short
Bullet GOLD-USD	+0.0204%	1h	4,342.6	+0.009%	$59K	$82K	10x	as long as short
Bybit XAUUSDT	+0.0219%	4h	4,341.3	−0.021%	$85.1M	$145.3M	150x	as long as short
Bitget XAUUSDT	+0.0238%	4h	4,340.7	−0.035%	$71.0M	$109.4M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0257%	1h	4,340	−0.051%	$205K	$825K	25x	as long as short
Kraken Futures PF_XAUUSD	+0.0259%	1h	4,338.8	−0.079%	$592K	$132K	25x	as long as short
GRVT XAU_USDT_Perp	+0.0306%	4h	4,345.5	+0.075%	$1.4M	$2.9M	25x	as long as short
OKX XAU-USDT-SWAP	+0.0307%	8h	4,341	−0.028%	$165.5M	$281.3M	100x	as long as short
BloFin XAU-USDT	+0.0341%	4h	4,342.9	+0.015%	$15.6M	$4.4M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0421% / S −0.0245%	1h	4,342.8	+0.013%	$249K	—	111x	as long as short
HTX XAU-USDT	+0.0597%	4h	4,346.7	+0.104%	$2.8M	$4.6M	75x	as long as short
Phemex XAUUSDT	+0.1421%	4h	4,344.8	+0.060%	$2.2M	$967K	100x	as long as short