XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0094%/8h= −10.3% APRnext payment −$0.12 per $10,000 · paid last 24h −0.054%

Price spread now: Pacifica against Kraken Futures−0.039%7-day average −0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$260.264% of the position

Long on Kraken Futures Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.205%−$20 on $10k

Price spread, last 4 days (all we have)−0.063%−$6 · spread now −0.039%, 7d avg −0.011%

Together, before fees−0.268%+ Points / potential airdropPacifica: Active · farm board−$27 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 0.028% cheaper against Kraken Futures than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.011%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_XAUUSD	4,348.3	0.0194	pay 0.0024% / 1h	18m 38s	$593K	$132K	25x
Short	Pacifica XAU	4,346.6	0.0100	get 0.0013% / 1h	18m 38s	$1.4M	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Kraken Futures. 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 Kraken FuturesbpFee PacificabpOrdersPrice spread, now −0.039%Rate

Funding earned: −$19.66
Price spread: −0.039% → −0.011%: −$2.77
Slippage, 4 orders: −$8.38
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$48.81
Costs to cover: 0.264%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 39 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 Kraken Futures live order book, 39 min ago	2.97 bp	8.2 bp −$8	14.0 bp −$140	doesn't fit	doesn't fit
Sell Pacifica live order book, 5 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
RISEx XAU/USDC	0.0000%	1h	4,349.3	+0.023%	$3.4M	$12.2M	25x	as long as short
Gate XAU_USDT	0.0000%	4h	4,350.3	+0.047%	$264.9M	$415.7M	100x	as long as short
SunX XAU-USDT	0.0000%	4h	4,355.6	+0.168%	$93K	$8.9M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,347.6	−0.015%	$272K	—	250x	as long as short
Hotstuff GOLD-PERP	+0.0008%	1h	4,347.9	−0.009%	$33K	—	25x	as long as short
Lighter XAU	+0.0032%	1h	4,348.3	+0.001%	$20.8M	$38.2M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,345.8	−0.058%	$13.2M	$38.4M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.049%	$619	$54	52x	as long as short
Lighter RH XAU	+0.0040%	1h	4,351	+0.062%	$20.1M	$39.3M	25x	as long as short
StandX XAU-USD	+0.0040%	1h	4,350.7	+0.056%	$3.8M	$4.5M	40x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX GOLD-USD	+0.0041%	1h	4,348.4	+0.003%	$5.7M	$2.0M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,384.6	+0.835%	—	$1.0M	25x	as long as short
Kalshi KXGOLDPERP	+0.0047%	24h	4,350.2	+0.044%	$4.2M	$37.3M	15x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0048%	1h	4,348.4	+0.003%	$2.0M	$4.8M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,347.2	−0.025%	$293.9M	$48.8M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,345.3	−0.069%	$15.1M	$56.8M	25x	as long as short
Aster XAUUSD1	+0.0062%	4h	4,350.6	+0.052%	$71.2M	$333.1M	20x	as long as short
Variational Omni XAU	+0.0077%	4h	4,349.2	+0.022%	$48.5M	$28.0M	—	as long as short
Paradex XAU-USD-PERP	+0.0080%	8h	4,349.1	+0.018%	$19K	$5K	5x	as long as short
GRVT XAU_USDT_Perp	+0.0088%	4h	4,350.6	+0.054%	$1.4M	$2.9M	25x	as long as short
MEXC XAU_USDT	+0.0090%	4h	4,349.6	+0.030%	$371.9M	$318.7M	1000x	as long as short
Binance XAUUSDT	+0.0090%	4h	4,349.1	+0.019%	$413.4M	$2.09B	100x	as long as short
Pacifica XAUshort	+0.0100%	1h	4,346.6	−0.039%	$1.4M	$1.1M	10x
ApeX Omni XAUUSDT	+0.0100%	1h	4,346.5	−0.042%	$275K	$203K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,344.6	−0.084%	$25K	$14K	20x	as long as short
edgeX XAUUSDC	+0.0101%	4h	4,346.3	−0.045%	$30.2M	$58.1M	50x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,351	+0.062%	$161K	$87	10x	as long as short
Phoenix GOLD	+0.0142%	1h	4,347.9	−0.009%	$47K	$77K	25x	as long as short
Polymarket Perps GOLD-USD	+0.0157%	1h	4,351	+0.063%	$4.3M	$2.0M	20x	as long as short
Bullet GOLD-USD	+0.0186%	1h	4,351.3	+0.070%	$59K	$82K	10x	as long as short
Kraken Futures PF_XAUUSDlong	+0.0194%	1h	4,348.3	long leg	$593K	$132K	25x
Phemex XAUUSDT	+0.0207%	4h	4,354.1	+0.134%	$2.2M	$967K	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0210%	1h	4,350.1	+0.042%	$206K	$823K	25x	as long as short
Bitget XAUUSDT	+0.0232%	4h	4,349.3	+0.024%	$70.0M	$109.4M	100x	as long as short
Bybit XAUUSDT	+0.0240%	4h	4,350.6	+0.053%	$85.3M	$145.1M	150x	as long as short
OKX XAU-USDT-SWAP	+0.0294%	8h	4,350	+0.040%	$165.4M	$282.5M	100x	as long as short
BloFin XAU-USDT	+0.0331%	4h	4,351.1	+0.064%	$15.6M	$4.5M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0417% / S −0.0236%	1h	4,351.4	+0.073%	$248K	—	111x	as long as short
HTX XAU-USDT	+0.0624%	4h	4,356.2	+0.181%	$2.9M	$4.3M	75x	as long as short