Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0194%/8h= +21.2% APRpaid last 24h +0.085%

Price spread now: BloFin against Pacifica+0.100%7-day average +0.086% · you sell dearer than you buy

Net, funding: paid 7d − costs+$15as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$230.230% of the position

Long on Pacifica Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.378%+$38 on $10k

Price spread, last 4 days (all we have)+0.141%+$14 · spread now +0.100%, 7d avg +0.086%

Together, before fees+0.519%+ Points / potential airdropPacifica: Active · farm board+$52 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.086%, so right now this pair is about funding alone: +$6 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	4,346.4	0.0100	pay 0.0013% / 1h	12m 28s	$1.4M	$1.1M	10x
Short	BloFin XAU-USDT	4,350.7	0.0294	get 0.0147% / 4h	1h 12m	$15.6M	$4.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.100%Rate

Funding earned: $40.66
Price spread: +0.100% → +0.086%: $1.41
Slippage, 4 orders: −$3.01
Fee Pacifica: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: $19.05
Costs to cover: 0.230%
Break-even: 3.7 days

Slippage from Pacifica: live order book, 2 min ago; BloFin: live order book, 6 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	0.12 bp	6.2 bp −$6	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 6 min ago	0.02 bp	6.0 bp −$6	6.0 bp −$60	6.9 bp −$689	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
Gate XAU_USDT	0.0000%	4h	4,350.6	+0.096%	$264.3M	$415.5M	100x	as long as short
SunX XAU-USDT	0.0000%	4h	4,354.8	+0.194%	$93K	$9.2M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,346.7	+0.006%	$267K	—	250x	as long as short
RISEx XAU/USDC	+0.0010%	1h	4,349	+0.060%	$3.4M	$12.4M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,345.5	−0.020%	$13.5M	$38.4M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.092%	$619	$54	52x	as long as short
Kalshi KXGOLDPERP	+0.0040%	24h	4,348.7	+0.053%	$4.1M	$37.1M	15x	as long as short
StandX XAU-USD	+0.0040%	1h	4,350.6	+0.097%	$3.8M	$4.6M	40x	as long as short
Aster XAUUSD1	+0.0041%	4h	4,349.4	+0.070%	$70.6M	$334.0M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,382.2	+0.824%	—	$1.0M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX GOLD-USD	+0.0046%	1h	4,347.3	+0.021%	$5.7M	$2.0M	20x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0048%	1h	4,347.7	+0.030%	$2.0M	$4.9M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,346	−0.009%	$293.8M	$48.9M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,345.2	−0.028%	$15.1M	$56.8M	25x	as long as short
GRVT XAU_USDT_Perp	+0.0054%	4h	4,352.8	+0.147%	$1.4M	$3.0M	25x	as long as short
Variational Omni XAU	+0.0055%	4h	4,351.4	+0.115%	$48.5M	$27.9M	—	as long as short
Lighter XAU	+0.0056%	1h	4,347.9	+0.034%	$20.6M	$42.6M	25x	as long as short
Lighter RH XAU	+0.0064%	1h	4,350.4	+0.092%	$20.1M	$39.9M	25x	as long as short
MEXC XAU_USDT	+0.0072%	4h	4,349.3	+0.066%	$372.6M	$319.7M	1000x	as long as short
Binance XAUUSDT	+0.0073%	4h	4,348.8	+0.055%	$410.3M	$2.10B	100x	as long as short
Paradex XAU-USD-PERP	+0.0078%	8h	4,349.1	+0.063%	$19K	$5K	5x	as long as short
edgeX XAUUSDC	+0.0079%	4h	4,349.3	+0.067%	$30.3M	$58.6M	50x	as long as short
Hotstuff GOLD-PERP	+0.0088%	1h	4,347.6	+0.028%	$33K	—	25x	as long as short
Aevo XAU-PERP	+0.0096%	1h	4,349.8	+0.079%	$161K	$87	10x	as long as short
Pacifica XAUlong	+0.0100%	1h	4,346.4	long leg	$1.4M	$1.1M	10x
ApeX Omni XAUUSDT	+0.0100%	1h	4,351.1	+0.107%	$275K	$203K	50x	as long as short
Polymarket Perps GOLD-USD	+0.0116%	1h	4,347.6	+0.028%	$4.3M	$1.9M	20x	as long as short
Phoenix GOLD	+0.0136%	1h	4,350.4	+0.092%	$47K	$77K	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0164%	1h	4,348.8	+0.055%	$254K	$752K	25x	as long as short
Bullet GOLD-USD	+0.0193%	1h	4,348.7	+0.052%	$60K	$83K	10x	as long as short
Phemex XAUUSDT	+0.0194%	4h	4,354	+0.174%	$2.2M	$1.1M	100x	as long as short
Bybit XAUUSDT	+0.0201%	4h	4,350	+0.083%	$84.4M	$145.3M	150x	as long as short
Bitget XAUUSDT	+0.0214%	4h	4,348.4	+0.045%	$70.2M	$109.5M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0256%	8h	4,350	+0.083%	$165.3M	$283.0M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0270%	1h	4,347.8	+0.031%	$593K	$133K	25x	as long as short
BloFin XAU-USDTshort	+0.0294%	4h	4,350.7	+0.100%	$15.6M	$4.6M	100x
GMX GOLD/USD [ETH-USDC]	L +0.0403% / S −0.0217%	1h	4,350.6	+0.097%	$248K	—	111x	as long as short
HTX XAU-USDT	+0.0577%	4h	4,356.1	+0.223%	$2.9M	$4.2M	75x	as long as short
Bluefin GOLD-PERP	+0.0630%	1h	4,344.2	−0.051%	$25K	$14K	20x	as long as short