Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0136%/8h= −14.9% APRpaid last 24h −0.059%

Price spread now: Pacifica against HTX−0.188%7-day average −0.130% · you buy dearer than you sell

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$250.252% of the position

Long on HTX 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 4 days (all we have)+0.039%+$4 · spread now −0.188%, 7d avg −0.130%

Together, before fees+0.027%+ Points / potential airdropPacifica: Active · farm board+$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Pacifica is 0.058% cheaper against HTX than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.130%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX XAU-USDT	4,332.3	0.0236	pay 0.0118% / 4h	2h 15m	$2.7M	$4.9M	75x
Short	Pacifica XAU	4,324.1	0.0100	get 0.0013% / 1h	15m 29s	$1.4M	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against HTX. 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 HTXbpFee PacificabpOrdersPrice spread, now −0.188%Rate

Funding earned: −$28.5
Price spread: −0.188% → −0.130%: −$5.76
Slippage, 4 orders: −$5.19
Fee HTX: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$59.45
Costs to cover: 0.252%
Break-even: never at this rate

Slippage from HTX: live order book, 3 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 HTX live order book, 3 min ago	0.01 bp	8.3 bp −$8	11.5 bp −$115	15.6 bp −$1,557	doesn't fit
Sell Pacifica live order book, 4 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	−0.0034%	1h	4,320.3	−0.275%	$25K	$14K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,332.2	−0.001%	$92K	$8.3M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,321.7	−0.243%	$270K	—	250x	as long as short
Bybit XAUUSDT	+0.0009%	4h	4,326.3	−0.138%	$77.8M	$156.6M	150x	as long as short
Extended XAU-USD	+0.0032%	1h	4,323.6	−0.199%	$13.1M	$37.0M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.419%	$619	$54	52x	as long as short
Hotstuff GOLD-PERP	+0.0040%	1h	4,324.2	−0.186%	$32K	—	25x	as long as short
StandX XAU-USD	+0.0040%	1h	4,330	−0.052%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0044%	1h	4,327	−0.121%	$5.4M	$2.1M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,359.5	+0.629%	—	$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
Lighter XAU	+0.0048%	1h	4,326.6	−0.130%	$20.5M	$31.5M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,322.9	−0.216%	$291.5M	$51.8M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,323.5	−0.202%	$15.0M	$56.7M	25x	as long as short
RISEx XAU/USDC	+0.0054%	1h	4,328.6	−0.084%	$3.9M	$12.5M	25x	as long as short
Kalshi KXGOLDPERP	+0.0061%	24h	4,329.2	−0.070%	$4.0M	$41.8M	15x	as long as short
Paradex XAU-USD-PERP	+0.0071%	8h	4,327.3	−0.114%	$19K	$5K	5x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,326	−0.144%	$2.0M	$4.8M	25x	as long as short
Gate XAU_USDT	+0.0076%	4h	4,327	−0.121%	$272.3M	$414.7M	100x	as long as short
Lighter RH XAU	+0.0080%	1h	4,328.9	−0.078%	$19.9M	$38.9M	25x	as long as short
Aster XAUUSD1	+0.0100%	4h	4,327.2	−0.117%	$72.1M	$331.5M	20x	as long as short
Pacifica XAUshort	+0.0100%	1h	4,324.1	−0.188%	$1.4M	$1.2M	10x
ApeX Omni XAUUSDT	+0.0100%	1h	4,325.2	−0.163%	$272K	$208K	50x	as long as short
Variational Omni XAU	+0.0104%	4h	4,327.8	−0.103%	$46.9M	$28.6M	—	as long as short
GRVT XAU_USDT_Perp	+0.0104%	4h	4,326.7	−0.127%	$1.4M	$2.9M	25x	as long as short
Binance XAUUSDT	+0.0112%	4h	4,325.8	−0.148%	$413.7M	$2.18B	100x	as long as short
MEXC XAU_USDT	+0.0112%	4h	4,326.2	−0.140%	$362.8M	$328.7M	1000x	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,327.8	−0.103%	$160K	$87	10x	as long as short
edgeX XAUUSDC	+0.0125%	4h	4,324.7	−0.175%	$30.1M	$60.4M	50x	as long as short
Phoenix GOLD	+0.0127%	1h	4,325.4	−0.158%	$47K	$77K	25x	as long as short
Bullet GOLD-USD	+0.0157%	1h	4,326.1	−0.143%	$58K	$81K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0172%	1h	4,326.8	−0.126%	$4.2M	$2.0M	20x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0236%	1h	4,326.7	−0.128%	$196K	$834K	25x	as long as short
HTX XAU-USDTlong	+0.0236%	4h	4,332.3	long leg	$2.7M	$4.9M	75x
Kraken Futures PF_XAUUSD	+0.0248%	1h	4,325.6	−0.153%	$589K	$130K	25x	as long as short
Bitget XAUUSDT	+0.0260%	4h	4,326.8	−0.125%	$67.9M	$119.5M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0334%	8h	4,326.8	−0.126%	$170.4M	$300.4M	100x	as long as short
BloFin XAU-USDT	+0.0366%	4h	4,328.8	−0.081%	$16.1M	$4.5M	100x	as long as short
Phemex XAUUSDT	+0.0444%	4h	4,328	−0.098%	$2.2M	$962K	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0454% / S −0.0295%	1h	4,325.8	−0.148%	$250K	—	111x	as long as short