Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0003%/8h= +0.3% APRpaid last 24h −0.001%

Price spread now: Aster against Pacifica+0.127%7-day average +0.099% · you sell dearer than you buy

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$200.204% of the position

Long on Pacifica Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.005%$0 on $10k

Price spread, last 7 days−0.021%−$2 · spread now +0.127%, 7d avg +0.099%

Together, before fees−0.017%+ Points / potential airdropPacifica: Active · Aster: Stage 5 · farm board−$2 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: Aster is 0.028% dearer against Pacifica than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.099%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica XAU	4,319.5	0.0100	pay 0.0013% / 1h	20m 31s	$1.4M	$1.2M	10x
Short	Aster XAUUSD1	4,325	0.0103	get 0.0052% / 4h	2h 20m	$71.8M	$332.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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 AsterbpOrdersPrice spread, now +0.127%Rate

Funding earned: $0.65
Price spread: +0.127% → +0.099%: $2.82
Slippage, 4 orders: −$4.44
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$16.97
Costs to cover: 0.204%
Break-even: 189.4 days

Slippage from Pacifica: live order book, 3 min ago; Aster: live order book, 4 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, 3 min ago	0.12 bp	4.8 bp −$5	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 4 min ago	0.01 bp	4.0 bp −$4	4.9 bp −$49	25.9 bp −$2,591	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	−0.0026%	1h	4,316.8	−0.062%	$25K	$14K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,326.4	+0.161%	$92K	$8.3M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,319.1	−0.009%	$270K	—	250x	as long as short
Bybit XAUUSDT	+0.0025%	4h	4,324.7	+0.120%	$78.0M	$156.5M	150x	as long as short
Extended XAU-USD	+0.0032%	1h	4,319.3	−0.004%	$13.1M	$37.2M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.716%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,327.5	+0.186%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0044%	1h	4,322.5	+0.070%	$5.4M	$2.1M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,356.2	+0.850%	—	$1.0M	25x	as long as short
Lighter XAU	+0.0048%	1h	4,322.4	+0.068%	$20.5M	$31.4M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:GOLD	+0.0050%	1h	4,319.8	+0.007%	$291.1M	$51.4M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,320.1	+0.015%	$15.0M	$56.6M	25x	as long as short
RISEx XAU/USDC	+0.0054%	1h	4,324.6	+0.119%	$3.9M	$12.5M	25x	as long as short
Kalshi KXGOLDPERP	+0.0060%	24h	4,325.1	+0.130%	$4.0M	$41.4M	15x	as long as short
Gate XAU_USDT	+0.0070%	4h	4,325.7	+0.144%	$273.2M	$411.9M	100x	as long as short
Paradex XAU-USD-PERP	+0.0071%	8h	4,323.4	+0.090%	$19K	$5K	5x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,321.3	+0.042%	$2.0M	$4.8M	25x	as long as short
Lighter RH XAU	+0.0080%	1h	4,324.6	+0.118%	$19.8M	$38.8M	25x	as long as short
Pacifica XAUlong	+0.0100%	1h	4,319.5	long leg	$1.4M	$1.2M	10x
ApeX Omni XAUUSDT	+0.0100%	1h	4,321.3	+0.041%	$272K	$208K	50x	as long as short
Aster XAUUSD1short	+0.0103%	4h	4,325	+0.127%	$71.8M	$332.5M	20x
Variational Omni XAU	+0.0105%	4h	4,322.2	+0.063%	$46.8M	$28.6M	—	as long as short
Hotstuff GOLD-PERP	+0.0112%	1h	4,320.5	+0.024%	$32K	—	25x	as long as short
GRVT XAU_USDT_Perp	+0.0112%	4h	4,324.6	+0.119%	$1.4M	$2.9M	25x	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,321.7	+0.052%	$160K	$87	10x	as long as short
Binance XAUUSDT	+0.0114%	4h	4,324.1	+0.106%	$414.0M	$2.17B	100x	as long as short
MEXC XAU_USDT	+0.0114%	4h	4,323.3	+0.089%	$361.0M	$327.0M	1000x	as long as short
Phoenix GOLD	+0.0127%	1h	4,331.3	+0.274%	$47K	$77K	25x	as long as short
edgeX XAUUSDC	+0.0128%	4h	4,319.3	−0.005%	$30.0M	$59.9M	50x	as long as short
Bullet GOLD-USD	+0.0156%	1h	4,323.3	+0.089%	$59K	$81K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0169%	1h	4,323.4	+0.091%	$4.2M	$2.0M	20x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0213%	1h	4,320.9	+0.033%	$198K	$829K	25x	as long as short
HTX XAU-USDT	+0.0244%	4h	4,326	+0.151%	$2.7M	$4.9M	75x	as long as short
Kraken Futures PF_XAUUSD	+0.0248%	1h	4,319.7	+0.005%	$588K	$130K	25x	as long as short
Bitget XAUUSDT	+0.0268%	4h	4,323.9	+0.102%	$67.9M	$119.4M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0335%	8h	4,324.8	+0.123%	$169.9M	$298.7M	100x	as long as short
BloFin XAU-USDT	+0.0355%	4h	4,323	+0.082%	$16.1M	$4.4M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0452% / S −0.0292%	1h	4,322.6	+0.071%	$250K	—	111x	as long as short
Phemex XAUUSDT	+0.0529%	4h	4,325.2	+0.132%	$2.2M	$962K	100x	as long as short