Settings8H · net · $10k
Funding arb · Price arb /

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0050%/8h= +5.4% APRnext payment +$0.06 per $10,000 · paid last 24h +0.015%
Price spread now: Pacifica against Ondo Perps+0.007%7-day average +0.032% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.049%+$5 on $10k
Price spread, last 7 days−0.028%−$3 · spread now +0.007%, 7d avg +0.032%
Together, before fees+0.021%+ Points / potential airdropOndo Perps: Active · Pacifica: Active · farm board+$2 on $10k · with fees, hour by hour
Funding pays, the price is against you. Pacifica is 0.025% cheaper against Ondo Perps than usual: you would sell low and buy high (spread +0.007% now, against its 7-day average of +0.032%). If the spread goes back, that is −$3 on $10k: about 40 hours of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.049% in total) that is about 3.6 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOndo Perps XAU-USD.P4,313.70.0050pay 0.0006% / 1h22m 02s$15.0M$55.5M25x
ShortPacifica XAU4,3140.0100get 0.0013% / 1h22m 02s$1.4M$1.2M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica against Ondo Perps. 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

Funding earned
$10.42
Price spread: +0.007% → +0.032%
−$2.5
Slippage, 4 orders
no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$5.09
Costs to cover
0.130%
Break-even
10.4 days
Slippage unknown: Ondo Perps: no order-book sample; Pacifica: live order book, 2 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Ondo Perps no order-book sample
Sell Pacifica live order book, 2 min ago0.12 bp4.7 bp −$5doesn't fitdoesn't fitdoesn't fit
Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

XAU on 39 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX XAU-USDT0.0000%4h4,320.2+0.151%$92K$7.2M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,312.3−0.034%$269K250xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4+0.851%$619$5452xas long as short
StandX XAU-USD+0.0040%1h4,319.8+0.141%$3.8M$4.5M40xas long as short
QFEX GOLD-USD+0.0045%1h4,315.5+0.041%$5.4M$2.0M20xas long as short
Vest GC-PERP+0.0046%1h4,348.6+0.809%$1.0M25xas long as short
tradeXYZ xyz:GOLD+0.0050%1h4,313.4−0.007%$290.9M$51.4M25xas long as short
Ondo Perps XAU-USD.Plong+0.0050%1h4,313.7long leg$15.0M$55.5M25x
Aster XAUUSD1+0.0057%4h4,317.9+0.098%$72.9M$272.1M20xas long as short
Bybit XAUUSDT+0.0062%4h4,318+0.099%$77.6M$154.8M150xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter XAU+0.0064%1h4,315.2+0.034%$20.3M$30.0M25xas long as short
Paradex XAU-USD-PERP+0.0064%8h4,317.1+0.078%$2K$14K5xas long as short
Hotstuff GOLD-PERP+0.0072%1h4,314.2+0.011%$32K25xas long as short
Coinbase International GOLD-PERP-INTX+0.0072%1h4,313.3−0.010%$2.1M$4.9M25xas long as short
Bluefin GOLD-PERP+0.0085%1h4,309.6−0.095%$25K$1K20xas long as short
Variational Omni XAU+0.0093%4h4,313.6−0.003%$47.0M$29.2Mas long as short
Kalshi KXGOLDPERP+0.0095%24h4,318+0.099%$3.6M$44.9M15xas long as short
Phoenix GOLD+0.0096%1h4,311.3−0.056%$42K$79K25xas long as short
Pacifica XAUshort+0.0100%1h4,314+0.007%$1.4M$1.2M10x
ApeX Omni XAUUSDT+0.0100%1h4,312.6−0.027%$272K$209K50xas long as short
Lighter RH XAU+0.0104%1h4,317.4+0.085%$20.0M$39.6M25xas long as short
MEXC XAU_USDT+0.0104%4h4,317.3+0.083%$362.7M$334.0M1000xas long as short
Aevo XAU-PERP+0.0104%1h4,315.8+0.048%$160K$8710xas long as short
edgeX XAUUSDC+0.0104%4h4,311.1−0.061%$30.0M$60.0M50xas long as short
Binance XAUUSDT+0.0106%4h4,316.8+0.071%$426.0M$2.16B100xas long as short
Gate XAU_USDT+0.0108%4h4,318.5+0.110%$283.3M$422.5M100xas long as short
GRVT XAU_USDT_Perp+0.0108%4h4,315.9+0.051%$1.4M$3.0M25xas long as short
Extended XAU-USD+0.0128%1h4,313.1−0.013%$13.2M$36.9M25xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0167%1h4,314.8+0.025%$162K$876K25xas long as short
Bitget XAUUSDT+0.0192%4h4,316.9+0.075%$70.2M$121.0M100xas long as short
Bullet GOLD-USD+0.0204%1h4,316.2+0.058%$59K$81K10xas long as short
Polymarket Perps GOLD-USD+0.0219%1h4,316.4+0.062%$4.3M$1.8M20xas long as short
Kraken Futures PF_XAUUSD+0.0228%1h4,313.9+0.004%$574K$138K25xas long as short
OKX XAU-USDT-SWAP+0.0272%8h4,317.6+0.090%$174.6M$303.7M100xas long as short
BloFin XAU-USDT+0.0346%4h4,317.9+0.096%$16.5M$4.9M100xas long as short
Phemex XAUUSDT+0.0416%4h4,316.9+0.073%$2.2M$976K100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0465% / S −0.0311%1h4,316.2+0.058%$254K111xas long as short
HTX XAU-USDT+0.0489%4h4,323.7+0.232%$3.2M$6.0M75xas long as short
RISEx XAU/USDC+0.0643%1h4,317.7+0.092%$4.5M$13.3M25xas long as short