Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0029%/8h= −3.1% APRpaid last 24h +0.013%

Price spread now: Binance against Pacifica+0.112%7-day average +0.102% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$210.211% of the position

Long on Pacifica Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.034%+$3 on $10k

Price spread, last 7 days+0.003%$0 · spread now +0.112%, 7d avg +0.102%

Together, before fees+0.037%+ Points / potential airdropPacifica: Active · farm board+$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.102%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica XAU	4,345.7	0.0100	pay 0.0013% / 1h	37m 18s	$1.4M	$1.1M	10x
Short	Binance XAUUSDT	4,350.6	0.0071	get 0.0036% / 4h	1h 37m	$412.4M	$2.10B	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.112%Rate

Funding earned: −$6.01
Price spread: +0.112% → +0.102%: $1.05
Slippage, 4 orders: −$3.12
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$26.07
Costs to cover: 0.211%
Break-even: never at this rate

Slippage from Pacifica: live order book, 2 min ago; Binance: live order book, 7 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, 2 min ago	0.23 bp	6.4 bp −$6	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 7 min ago	0.01 bp	5.0 bp −$5	5.1 bp −$51	6.6 bp −$664	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
SunX XAU-USDT	0.0000%	4h	4,354.4	+0.200%	$93K	$9.3M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,346.3	+0.014%	$267K	—	250x	as long as short
Gate XAU_USDT	+0.0008%	4h	4,352.3	+0.151%	$267.5M	$410.0M	100x	as long as short
RISEx XAU/USDC	+0.0010%	1h	4,349.1	+0.079%	$3.4M	$12.4M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,346.3	+0.014%	$13.6M	$39.1M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.109%	$619	$54	52x	as long as short
Aster XAUUSD1	+0.0034%	4h	4,350.3	+0.107%	$70.3M	$333.5M	20x	as long as short
Kalshi KXGOLDPERP	+0.0038%	24h	4,347.9	+0.051%	$4.2M	$36.6M	15x	as long as short
StandX XAU-USD	+0.0040%	1h	4,350.9	+0.120%	$3.8M	$4.6M	40x	as long as short
GRVT XAU_USDT_Perp	+0.0042%	4h	4,349.4	+0.084%	$1.4M	$3.0M	25x	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	4,383.3	+0.865%	—	$1.0M	25x	as long as short
QFEX GOLD-USD	+0.0046%	1h	4,349.4	+0.085%	$5.6M	$1.9M	20x	as long as short
Lighter XAU	+0.0048%	1h	4,348.4	+0.063%	$20.6M	$42.0M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0048%	1h	4,346.4	+0.016%	$2.0M	$4.9M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,347.3	+0.037%	$293.5M	$48.6M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,346.6	+0.020%	$15.1M	$57.6M	25x	as long as short
Variational Omni XAU	+0.0060%	4h	4,345.8	+0.002%	$48.3M	$27.7M	—	as long as short
MEXC XAU_USDT	+0.0070%	4h	4,350.6	+0.113%	$372.8M	$317.8M	1000x	as long as short
Binance XAUUSDTshort	+0.0071%	4h	4,350.6	+0.112%	$412.4M	$2.10B	100x
Paradex XAU-USD-PERP	+0.0085%	8h	4,349.5	+0.088%	$19K	$5K	5x	as long as short
Lighter RH XAU	+0.0088%	1h	4,350.5	+0.111%	$20.1M	$39.6M	25x	as long as short
Hotstuff GOLD-PERP	+0.0096%	1h	4,345.9	+0.005%	$33K	—	25x	as long as short
Aevo XAU-PERP	+0.0096%	1h	4,348.7	+0.069%	$161K	$87	10x	as long as short
Pacifica XAUlong	+0.0100%	1h	4,345.7	long leg	$1.4M	$1.1M	10x
ApeX Omni XAUUSDT	+0.0100%	1h	4,345.2	−0.012%	$274K	$203K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,343.8	−0.045%	$25K	$14K	20x	as long as short
edgeX XAUUSDC	+0.0101%	4h	4,340.9	−0.110%	$30.2M	$58.7M	50x	as long as short
Polymarket Perps GOLD-USD	+0.0133%	1h	4,349.6	+0.090%	$4.3M	$1.9M	20x	as long as short
Phoenix GOLD	+0.0136%	1h	4,343.6	−0.048%	$47K	$77K	25x	as long as short
Bybit XAUUSDT	+0.0194%	4h	4,351.6	+0.136%	$84.1M	$145.3M	150x	as long as short
Bitget XAUUSDT	+0.0208%	4h	4,350.9	+0.119%	$70.1M	$109.7M	100x	as long as short
Bullet GOLD-USD	+0.0222%	1h	4,350.6	+0.112%	$59K	$83K	10x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0233%	1h	4,349	+0.076%	$258K	$705K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0250%	8h	4,352	+0.145%	$164.7M	$281.9M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0270%	1h	4,347	+0.030%	$593K	$133K	25x	as long as short
BloFin XAU-USDT	+0.0277%	4h	4,348.8	+0.072%	$15.5M	$4.6M	100x	as long as short
Phemex XAUUSDT	+0.0306%	4h	4,351.6	+0.136%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0402% / S −0.0212%	1h	4,350.6	+0.112%	$251K	—	111x	as long as short
HTX XAU-USDT	+0.0547%	4h	4,354.8	+0.210%	$2.8M	$4.2M	75x	as long as short