Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h −0.025%

Price spread now: Pacifica against MEXC−0.063%7-day average −0.097% · you buy dearer than you sell

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$10as in the Price arb table

costs, in and out, $10k−$140.139% of the position

Long on MEXC Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.044%−$4 on $10k

Price spread, last 7 days−0.065%−$7 · spread now −0.063%, 7d avg −0.097%

Together, before fees−0.109%+ Points / potential airdropPacifica: Active · farm board−$11 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Pacifica is 0.034% dearer against MEXC than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.097%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC XAU_USDT	4,355.8	0	get 0.0000% / 4h	1h 15m	$378.2M	$352.4M	1000x
Short	Pacifica XAU	4,353.1	0.0100	get 0.0013% / 1h	15m 39s	$1.4M	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against MEXC. 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 MEXCbpFee PacificabpOrdersPrice spread, now −0.063%Rate

Funding earned: $21
Price spread: −0.063% → −0.097%: $3.44
Slippage, 4 orders: −$1.85
Fee MEXC: 2 bp × 2 orders: −$4
Fee Pacifica: 4 bp × 2 orders: −$8
Net: $10.59
Costs to cover: 0.139%
Break-even: 3.5 days

Slippage from MEXC: 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 MEXC live order book, 3 min ago	0.01 bp	2.0 bp −$2	2.0 bp −$20	6.5 bp −$649	24.3 bp −$12.2K
Sell Pacifica live order book, 3 min ago	0.12 bp	5.2 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
Kraken Futures PF_XAUUSD	−0.0175%	1h	4,353.5	−0.053%	$601K	$139K	25x	as long as short
Aster XAUUSD1	0.0000%	4h	4,356.9	+0.024%	$71.4M	$234.2M	20x	as long as short
Binance XAUUSDT	0.0000%	4h	4,355.9	+0.002%	$409.7M	$2.08B	100x	as long as short
Bybit XAUUSDT	0.0000%	4h	4,356.9	+0.025%	$82.6M	$141.2M	150x	as long as short
RISEx XAU/USDC	0.0000%	1h	4,355.9	+0.001%	$3.5M	$12.4M	25x	as long as short
Gate XAU_USDT	0.0000%	4h	4,357.5	+0.039%	$271.9M	$409.9M	100x	as long as short
MEXC XAU_USDTlong	0.0000%	4h	4,355.8	long leg	$378.2M	$352.4M	1000x
Bitget XAUUSDT	0.0000%	4h	4,356.2	+0.008%	$67.1M	$109.5M	100x	as long as short
Variational Omni XAU	0.0000%	4h	4,355.2	−0.014%	$48.0M	$31.0M	—	as long as short
GRVT XAU_USDT_Perp	0.0000%	4h	4,355.5	−0.006%	$1.4M	$3.1M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kalshi KXGOLDPERP	0.0000%	24h	4,352.9	−0.067%	$4.0M	$34.4M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,360	+0.096%	$93K	$10.7M	20x	as long as short
Deribit GOLD_USDC-PERPETUAL	0.0000%	1h	4,354	−0.041%	$235K	$734K	25x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,352.8	−0.068%	$267K	—	250x	as long as short
QFEX GOLD-USD	+0.0002%	1h	4,354.8	−0.023%	$5.6M	$1.7M	20x	as long as short
edgeX XAUUSDC	+0.0017%	4h	4,350.9	−0.113%	$30.3M	$58.3M	50x	as long as short
tradeXYZ xyz:GOLD	+0.0018%	1h	4,352	−0.087%	$292.8M	$52.9M	25x	as long as short
Lighter XAU	+0.0032%	1h	4,355.6	−0.005%	$21.0M	$44.4M	25x	as long as short
Lighter RH XAU	+0.0032%	1h	4,357.5	+0.040%	$20.3M	$42.0M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,352.9	−0.067%	$13.0M	$49.3M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.124%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,356.1	+0.007%	$3.8M	$4.7M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,390.2	+0.790%	—	$1.0M	25x	as long as short
Paradex XAU-USD-PERP	+0.0050%	8h	4,355.7	−0.001%	$19K	$6K	5x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,352.2	−0.082%	$14.4M	$55.5M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0053%	1h	4,355.8	0.000%	$4.3M	$1.7M	20x	as long as short
Hotstuff GOLD-PERP	+0.0064%	1h	4,351.9	−0.090%	$33K	—	25x	as long as short
Aevo XAU-PERP	+0.0080%	1h	4,355.1	−0.015%	$161K	$87	10x	as long as short
Pacifica XAUshort	+0.0100%	1h	4,353.1	−0.063%	$1.4M	$1.2M	10x
ApeX Omni XAUUSDT	+0.0100%	1h	4,352.7	−0.071%	$273K	$204K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,348.5	−0.167%	$26K	$21K	20x	as long as short
Bullet GOLD-USD	+0.0102%	1h	4,356.1	+0.007%	$60K	$85K	10x	as long as short
HTX XAU-USDT	+0.0106%	4h	4,358.7	+0.067%	$2.8M	$3.8M	75x	as long as short
Phoenix GOLD	+0.0109%	1h	4,352.2	−0.083%	$48K	$65K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0157%	8h	4,357.1	+0.030%	$158.9M	$266.6M	100x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0208%	1h	4,353	−0.064%	$2.0M	$5.1M	25x	as long as short
BloFin XAU-USDT	+0.0240%	4h	4,355.8	0.000%	$14.8M	$4.3M	100x	as long as short
Phemex XAUUSDT	+0.0311%	4h	4,358.1	+0.053%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0388% / S −0.0197%	1h	4,355.8	0.000%	$251K	—	111x	as long as short