Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0121%/8h= +13.3% APRpaid last 24h +0.005%

Price spread now: Bybit against Pacifica+0.122%7-day average +0.116% · 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−$21as in the Price arb table

costs, in and out, $10k−$210.213% of the position

Long on Pacifica Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.012%+$1 on $10k

Price spread, last 7 days−0.024%−$2 · spread now +0.122%, 7d avg +0.116%

Together, before fees−0.012%+ Points / potential airdropPacifica: Active · farm board−$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.116%, so right now this pair is about funding alone: +$4 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	4,303.6	0.0100	pay 0.0013% / 1h	57m 09s	$1.4M	$1.2M	10x
Short	Bybit XAUUSDT	4,308.8	0.0221	get 0.0111% / 4h	3h 57m	$77.0M	$157.1M	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.122%Rate

Funding earned: $25.48
Price spread: +0.122% → +0.116%: $0.62
Slippage, 4 orders: −$2.26
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $4.84
Costs to cover: 0.213%
Break-even: 5.7 days

Slippage from Pacifica: live order book, 2 min ago; Bybit: live order book, 2 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	4.8 bp −$5	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	0.01 bp	5.5 bp −$6	6.9 bp −$69	13.9 bp −$1,387	36.5 bp −$18.2K

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	4,311.8	+0.191%	$92K	$7.0M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,303.9	+0.007%	$268K	—	250x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+1.088%	$619	$54	52x	as long as short
Vest GC-PERP	+0.0046%	1h	4,338.6	+0.813%	—	$1.0M	25x	as long as short
QFEX GOLD-USD	+0.0046%	1h	4,305.8	+0.051%	$6.6M	$3.1M	20x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,303.5	−0.002%	$290.5M	$53.8M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0050%	1h	4,307.2	+0.084%	$4.3M	$1.8M	20x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,304.1	+0.011%	$15.0M	$55.5M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0056%	1h	4,302.9	−0.016%	$2.0M	$5.0M	25x	as long as short
Aster XAUUSD1	+0.0061%	4h	4,309.5	+0.138%	$73.0M	$272.0M	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex XAU-USD-PERP	+0.0062%	8h	4,306.6	+0.070%	$2K	$14K	5x	as long as short
Lighter RH XAU	+0.0064%	1h	4,309.3	+0.132%	$19.9M	$39.1M	25x	as long as short
Hotstuff GOLD-PERP	+0.0064%	1h	4,300.2	−0.079%	$32K	—	25x	as long as short
Lighter XAU	+0.0072%	1h	4,306.9	+0.077%	$20.2M	$28.3M	25x	as long as short
Extended XAU-USD	+0.0088%	1h	4,303.9	+0.006%	$13.1M	$36.1M	25x	as long as short
Phoenix GOLD	+0.0096%	1h	4,301.8	−0.042%	$42K	$86K	25x	as long as short
Pacifica XAUlong	+0.0100%	1h	4,303.6	long leg	$1.4M	$1.2M	10x
ApeX Omni XAUUSDT	+0.0100%	1h	4,302.1	−0.035%	$269K	$214K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,302.9	−0.017%	$25K	$1K	20x	as long as short
Variational Omni XAU	+0.0102%	4h	4,304.4	+0.019%	$46.7M	$29.3M	—	as long as short
Kalshi KXGOLDPERP	+0.0102%	24h	4,309.5	+0.137%	$3.7M	$45.9M	15x	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,307.1	+0.081%	$160K	$87	10x	as long as short
MEXC XAU_USDT	+0.0114%	4h	4,308	+0.102%	$362.3M	$330.5M	1000x	as long as short
Binance XAUUSDT	+0.0116%	4h	4,308.2	+0.108%	$428.7M	$2.19B	100x	as long as short
edgeX XAUUSDC	+0.0119%	4h	4,302.3	−0.030%	$29.9M	$60.7M	50x	as long as short
RISEx XAU/USDC	+0.0126%	1h	4,308	+0.103%	$4.4M	$13.1M	25x	as long as short
StandX XAU-USD	+0.0186%	1h	4,306.6	+0.070%	$3.8M	$4.5M	40x	as long as short
Bitget XAUUSDT	+0.0194%	4h	4,308.4	+0.112%	$70.9M	$123.2M	100x	as long as short
GRVT XAU_USDT_Perp	+0.0206%	4h	4,304.9	+0.031%	$1.4M	$3.0M	25x	as long as short
Bullet GOLD-USD	+0.0209%	1h	4,308	+0.103%	$59K	$81K	10x	as long as short
Bybit XAUUSDTshort	+0.0221%	4h	4,308.8	+0.122%	$77.0M	$157.1M	150x
Phemex XAUUSDT	+0.0245%	4h	4,310	+0.149%	$2.2M	$950K	100x	as long as short
OKX XAU-USDT-SWAP	+0.0255%	8h	4,308.4	+0.112%	$170.7M	$322.1M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0284%	1h	4,307	+0.079%	$135K	$871K	25x	as long as short
Kraken Futures PF_XAUUSD	+0.0328%	1h	4,305.5	+0.044%	$573K	$138K	25x	as long as short
Gate XAU_USDT	+0.0416%	4h	4,310.3	+0.155%	$292.8M	$417.1M	100x	as long as short
BloFin XAU-USDT	+0.0463%	4h	4,307.9	+0.101%	$16.5M	$5.0M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0466% / S −0.0313%	1h	4,308.1	+0.104%	$254K	—	111x	as long as short
HTX XAU-USDT	+0.1308%	4h	4,314.1	+0.243%	$3.2M	$6.2M	75x	as long as short