Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: ApeX Omni against Pacifica+0.077%7-day average +0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$460.464% of the position

Long on Pacifica Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.058%+$6 on $10k

Price spread, last 4 days (all we have)−0.029%−$3 · spread now +0.077%, 7d avg +0.036%

Together, before fees+0.030%+ Points / potential airdropPacifica: Active · farm board+$3 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: ApeX Omni is 0.041% dearer against Pacifica than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica XAU	4,355.9	0.0100	pay 0.0013% / 1h	42m 58s	$1.4M	$1.2M	10x
Short	ApeX Omni XAUUSDT	4,359.3	0.0100	get 0.0013% / 1h	42m 58s	$275K	$204K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Pacifica. 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 PacificabpFee ApeX OmnibpOrdersPrice spread, now +0.077%Rate

Funding earned: $0
Price spread: +0.077% → +0.036%: $4.12
Slippage, 4 orders: −$28.43
Fee Pacifica: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$42.31
Costs to cover: 0.464%
Break-even: never at this rate

Slippage from Pacifica: live order book, 1 min ago; ApeX Omni: live order book, 24 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 Pacifica live order book, 1 min ago	0.12 bp	4.3 bp −$4	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 24 min ago	4.15 bp	19.9 bp −$20	33.3 bp −$333	42.9 bp −$4,290	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	−0.0336%	1h	4,351.1	−0.111%	$25K	$14K	20x	as long as short
Hotstuff GOLD-PERP	−0.0024%	1h	4,354.8	−0.025%	$33K	—	25x	as long as short
Aster XAUUSD1	0.0000%	4h	4,356.3	+0.010%	$69.2M	$278.0M	20x	as long as short
Gate XAU_USDT	0.0000%	4h	4,357.4	+0.035%	$263.7M	$406.0M	100x	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,355.5	−0.009%	$4.1M	$36.6M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,362.4	+0.149%	$93K	$9.8M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,353.6	−0.052%	$269K	—	250x	as long as short
Extended XAU-USD	+0.0032%	1h	4,352.2	−0.085%	$13.6M	$43.1M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.126%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,358.9	+0.069%	$3.8M	$4.7M	40x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest GC-PERP	+0.0046%	1h	4,391.3	+0.813%	—	$1.0M	25x	as long as short
Lighter XAU	+0.0048%	1h	4,355.1	−0.019%	$20.6M	$43.5M	25x	as long as short
Lighter RH XAU	+0.0048%	1h	4,357.7	+0.041%	$20.1M	$40.8M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,353.5	−0.055%	$293.8M	$48.4M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,355.9	0.000%	$14.9M	$57.6M	25x	as long as short
QFEX GOLD-USD	+0.0051%	1h	4,358.2	+0.053%	$5.6M	$1.9M	20x	as long as short
Variational Omni XAU	+0.0053%	4h	4,360	+0.094%	$48.4M	$28.4M	—	as long as short
Polymarket Perps GOLD-USD	+0.0061%	1h	4,356.8	+0.021%	$4.3M	$1.9M	20x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,353.5	−0.055%	$2.0M	$5.0M	25x	as long as short
edgeX XAUUSDC	+0.0076%	4h	4,353.6	−0.052%	$30.3M	$60.7M	50x	as long as short
MEXC XAU_USDT	+0.0078%	4h	4,355.8	−0.002%	$372.8M	$320.9M	1000x	as long as short
Binance XAUUSDT	+0.0080%	4h	4,355.5	−0.010%	$410.2M	$2.11B	100x	as long as short
Paradex XAU-USD-PERP	+0.0086%	8h	4,359	+0.071%	$19K	$5K	5x	as long as short
Pacifica XAUlong	+0.0100%	1h	4,355.9	long leg	$1.4M	$1.2M	10x
ApeX Omni XAUUSDTshort	+0.0100%	1h	4,359.3	+0.077%	$275K	$204K	50x
Aevo XAU-PERP	+0.0104%	1h	4,357	+0.025%	$161K	$87	10x	as long as short
Phoenix GOLD	+0.0121%	1h	4,356.7	+0.018%	$48K	$64K	25x	as long as short
RISEx XAU/USDC	+0.0135%	1h	4,358.3	+0.055%	$3.4M	$12.4M	25x	as long as short
GRVT XAU_USDT_Perp	+0.0138%	4h	4,358.7	+0.063%	$1.4M	$3.0M	25x	as long as short
Bitget XAUUSDT	+0.0140%	4h	4,356.2	+0.006%	$69.5M	$110.7M	100x	as long as short
Bullet GOLD-USD	+0.0155%	1h	4,357.5	+0.037%	$59K	$83K	10x	as long as short
Bybit XAUUSDT	+0.0183%	4h	4,356.5	+0.013%	$84.1M	$143.7M	150x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0209%	1h	4,355.7	−0.005%	$235K	$661K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0222%	8h	4,357.1	+0.028%	$164.8M	$285.1M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0269%	1h	4,354.6	−0.029%	$594K	$141K	25x	as long as short
BloFin XAU-USDT	+0.0286%	4h	4,364.8	+0.204%	$15.5M	$4.6M	100x	as long as short
Phemex XAUUSDT	+0.0381%	4h	4,359.8	+0.089%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0394% / S −0.0199%	1h	4,357.6	+0.039%	$253K	—	111x	as long as short
HTX XAU-USDT	+0.0531%	4h	4,362.3	+0.147%	$2.9M	$3.9M	75x	as long as short