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 +0.052%

Price spread now: Bitget against Pacifica+0.067%7-day average +0.104% · you sell dearer than you buy

Net, funding: paid 7d − costs−$11as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$220.219% of the position

Long on Pacifica Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.107%+$11 on $10k

Price spread, last 7 days+0.054%+$5 · spread now +0.067%, 7d avg +0.104%

Together, before fees+0.162%+ Points / potential airdropPacifica: Active · farm board+$16 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bitget is 0.037% cheaper against Pacifica than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.104%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.107%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica XAU	4,351.8	0.0100	pay 0.0013% / 1h	36m 09s	$1.4M	$1.3M	10x
Short	Bitget XAUUSDT	4,354.7	0	get 0.0000% / 4h	1h 36m	$67.3M	$110.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.067%Rate

Funding earned: −$21
Price spread: +0.067% → +0.104%: −$3.67
Slippage, 4 orders: −$1.92
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$46.58
Costs to cover: 0.219%
Break-even: never at this rate

Slippage from Pacifica: live order book, 3 min ago; Bitget: 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 Pacifica live order book, 3 min ago	0.12 bp	5.3 bp −$5	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	0.01 bp	6.1 bp −$6	6.7 bp −$67	11.6 bp −$1,159	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	4,352.4	+0.013%	$600K	$141K	25x	as long as short
tradeXYZ xyz:GOLD	−0.0006%	1h	4,351.2	−0.014%	$292.9M	$52.9M	25x	as long as short
Aster XAUUSD1	0.0000%	4h	4,355.7	+0.089%	$71.3M	$236.9M	20x	as long as short
Binance XAUUSDT	0.0000%	4h	4,354.3	+0.058%	$409.9M	$2.09B	100x	as long as short
Bybit XAUUSDT	0.0000%	4h	4,355.2	+0.079%	$82.5M	$141.1M	150x	as long as short
RISEx XAU/USDC	0.0000%	1h	4,354.4	+0.060%	$3.5M	$12.4M	25x	as long as short
Hotstuff GOLD-PERP	0.0000%	1h	4,350.6	−0.028%	$33K	—	25x	as long as short
Gate XAU_USDT	0.0000%	4h	4,355.8	+0.091%	$271.2M	$408.2M	100x	as long as short
MEXC XAU_USDT	0.0000%	4h	4,354.4	+0.060%	$375.2M	$350.6M	1000x	as long as short
Bitget XAUUSDTshort	0.0000%	4h	4,354.7	+0.067%	$67.3M	$110.6M	100x

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni XAU	0.0000%	4h	4,353.9	+0.048%	$48.0M	$32.1M	—	as long as short
GRVT XAU_USDT_Perp	0.0000%	4h	4,355	+0.073%	$1.4M	$3.2M	25x	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,351.4	−0.009%	$4.0M	$34.3M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,358.3	+0.150%	$93K	$10.7M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,351.6	−0.005%	$267K	—	10x	as long as short
QFEX GOLD-USD	+0.0002%	1h	4,354.3	+0.057%	$5.6M	$1.9M	20x	as long as short
edgeX XAUUSDC	+0.0009%	4h	4,350.2	−0.036%	$30.3M	$58.3M	50x	as long as short
Lighter XAU	+0.0032%	1h	4,354.1	+0.052%	$20.9M	$43.9M	25x	as long as short
Lighter RH XAU	+0.0032%	1h	4,356	+0.096%	$20.2M	$41.6M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,351.5	−0.007%	$13.0M	$49.2M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.032%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,355.2	+0.078%	$3.8M	$4.7M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,389	+0.855%	—	$1.0M	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0049%	1h	4,353.3	+0.034%	$221K	$810K	25x	as long as short
Polymarket Perps GOLD-USD	+0.0050%	1h	4,354.2	+0.055%	$4.3M	$1.7M	20x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,350.3	−0.035%	$14.4M	$55.5M	25x	as long as short
Paradex XAU-USD-PERP	+0.0051%	8h	4,354.5	+0.061%	$19K	$6K	5x	as long as short
HTX XAU-USDT	+0.0072%	4h	4,358.7	+0.159%	$2.8M	$3.8M	75x	as long as short
Aevo XAU-PERP	+0.0080%	1h	4,353.9	+0.048%	$161K	$87	10x	as long as short
Bullet GOLD-USD	+0.0098%	1h	4,354.4	+0.061%	$59K	$85K	10x	as long as short
Pacifica XAUlong	+0.0100%	1h	4,351.8	long leg	$1.4M	$1.3M	10x
ApeX Omni XAUUSDT	+0.0100%	1h	4,351.9	+0.003%	$273K	$204K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,348.1	−0.086%	$26K	$21K	20x	as long as short
Phoenix GOLD	+0.0109%	1h	4,352.4	+0.014%	$48K	$65K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0159%	8h	4,354.9	+0.071%	$158.8M	$267.3M	100x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0208%	1h	4,353.4	+0.037%	$2.0M	$5.1M	25x	as long as short
BloFin XAU-USDT	+0.0240%	4h	4,354.9	+0.070%	$14.8M	$4.3M	100x	as long as short
Phemex XAUUSDT	+0.0318%	4h	4,357.2	+0.125%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0422% / S −0.0246%	1h	4,354.4	+0.060%	$251K	—	29x	as long as short