Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0003%/8h= +0.3% APRpaid last 24h +0.030%

Price spread now: Pacifica against Kalshi−0.107%7-day average +0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$5as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$220.219% of the position

Long on Kalshi Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.165%+$17 on $10k

Price spread, last 7 days+0.121%+$12 · spread now −0.107%, 7d avg +0.007%

Together, before fees+0.286%+ Points / potential airdropPacifica: Active · farm board+$29 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Pacifica is 0.113% cheaper against Kalshi than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXGOLDPERP	4,316.3	0.0097	pay 0.0292% / 24h	6h 14m	$3.7M	$44.8M	15x
Short	Pacifica XAU	4,311.7	0.0100	get 0.0013% / 1h	14m 11s	$1.4M	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Kalshi. 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 KalshibpFee PacificabpOrdersPrice spread, now −0.107%Rate

Funding earned: $0.56
Price spread: −0.107% → +0.007%: −$11.31
Slippage, 4 orders: −$3.89
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$32.64
Costs to cover: 0.219%
Break-even: 417.0 days

Slippage from Kalshi: live order book, 5 min ago; Pacifica: live order book, 5 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 Kalshi live order book, 5 min ago	0.35 bp	5.9 bp −$6	6.3 bp −$63	9.0 bp −$895	doesn't fit
Sell Pacifica live order book, 5 min ago	0.12 bp	4.9 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	−0.0136%	1h	4,310.3	−0.139%	$32K	—	25x	as long as short
SunX XAU-USDT	0.0000%	4h	4,319.4	+0.072%	$92K	$7.1M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,310.9	−0.124%	$269K	—	250x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.790%	$619	$54	52x	as long as short
QFEX GOLD-USD	+0.0045%	1h	4,314.5	−0.042%	$5.4M	$2.0M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,346.8	+0.707%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,313	−0.076%	$290.8M	$51.5M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,311.1	−0.122%	$15.0M	$55.4M	25x	as long as short
Aster XAUUSD1	+0.0058%	4h	4,317.1	+0.017%	$72.9M	$271.8M	20x	as long as short
Paradex XAU-USD-PERP	+0.0063%	8h	4,314.7	−0.037%	$2K	$14K	5x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit XAUUSDT	+0.0064%	4h	4,316.8	+0.012%	$77.7M	$153.5M	150x	as long as short
Bluefin GOLD-PERP	+0.0069%	1h	4,308.8	−0.174%	$25K	$1K	20x	as long as short
Lighter XAU	+0.0072%	1h	4,314.4	−0.043%	$20.3M	$30.1M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,309.1	−0.167%	$2.0M	$5.0M	25x	as long as short
StandX XAU-USD	+0.0084%	1h	4,316.4	+0.002%	$3.8M	$4.5M	40x	as long as short
Phoenix GOLD	+0.0096%	1h	4,314.7	−0.037%	$42K	$79K	25x	as long as short
Kalshi KXGOLDPERPlong	+0.0097%	24h	4,316.3	long leg	$3.7M	$44.8M	15x
Variational Omni XAU	+0.0098%	4h	4,314	−0.054%	$47.1M	$29.0M	—	as long as short
Pacifica XAUshort	+0.0100%	1h	4,311.7	−0.107%	$1.4M	$1.2M	10x
ApeX Omni XAUUSDT	+0.0100%	1h	4,315.1	−0.027%	$272K	$209K	50x	as long as short
Lighter RH XAU	+0.0104%	1h	4,317	+0.017%	$20.0M	$39.9M	25x	as long as short
MEXC XAU_USDT	+0.0108%	4h	4,315.5	−0.019%	$363.4M	$335.3M	1000x	as long as short
GRVT XAU_USDT_Perp	+0.0110%	4h	4,316.3	0.000%	$1.4M	$3.0M	25x	as long as short
Binance XAUUSDT	+0.0110%	4h	4,315.8	−0.012%	$428.0M	$2.14B	100x	as long as short
Gate XAU_USDT	+0.0112%	4h	4,318	+0.040%	$287.4M	$425.5M	100x	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,314.6	−0.038%	$160K	$87	10x	as long as short
edgeX XAUUSDC	+0.0118%	4h	4,311.1	−0.121%	$30.0M	$60.4M	50x	as long as short
Extended XAU-USD	+0.0120%	1h	4,311	−0.122%	$13.2M	$36.7M	25x	as long as short
Bitget XAUUSDT	+0.0192%	4h	4,316.1	−0.006%	$70.5M	$120.0M	100x	as long as short
Bullet GOLD-USD	+0.0204%	1h	4,315.3	−0.023%	$59K	$81K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0221%	1h	4,315.4	−0.021%	$4.3M	$1.8M	20x	as long as short
Kraken Futures PF_XAUUSD	+0.0228%	1h	4,313	−0.076%	$574K	$138K	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0237%	1h	4,314.1	−0.051%	$161K	$877K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0269%	8h	4,316.1	−0.005%	$175.0M	$301.9M	100x	as long as short
BloFin XAU-USDT	+0.0349%	4h	4,314.3	−0.046%	$16.6M	$4.9M	100x	as long as short
Phemex XAUUSDT	+0.0418%	4h	4,319.3	+0.070%	$2.2M	$949K	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0465% / S −0.0311%	1h	4,314.2	−0.050%	$254K	—	111x	as long as short
HTX XAU-USDT	+0.0520%	4h	4,321.8	+0.127%	$3.2M	$6.0M	75x	as long as short
RISEx XAU/USDC	+0.0643%	1h	4,315.1	−0.029%	$4.5M	$13.3M	25x	as long as short