XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0044%/8h= −4.8% APRnext payment −$0.06 per $10,000 · paid last 24h −0.003%

Price spread now: Coinbase International against Pacifica+0.023%7-day average −0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs+$17as in the Funding arb table

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$230.234% of the position

Long on Pacifica Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.402%+$40 on $10k

Price spread, last 4 days (all we have)+0.025%+$3 · spread now +0.023%, 7d avg −0.022%

Together, before fees+0.427%+ Points / potential airdropPacifica: Active · farm board+$43 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.045% dearer against Pacifica than usual: you sell high and buy low (spread +0.023% now, against its 7-day average of −0.022%): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.4 days. Mind the row above: over the last 7 days funding on this pair paid +0.402%, 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	4,337	0.0100	pay 0.0013% / 1h	52m 17s	$1.4M	$1.1M	10x
Short	Coinbase International GOLD-PERP-INTX	4,338	0.0056	get 0.0007% / 1h	52m 17s	$2.1M	$4.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.023%Rate

Funding earned: −$9.24
Price spread: +0.023% → −0.022%: $4.51
Slippage, 4 orders: −$5.4
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$28.14
Costs to cover: 0.234%
Break-even: never at this rate

Slippage from Pacifica: live order book, 7 min ago; Coinbase International: 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, 7 min ago	0.12 bp	4.3 bp −$4	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 2 min ago	1.38 bp	7.3 bp −$7	8.7 bp −$87	doesn't fit	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	4,345.4	+0.194%	$92K	$8.8M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,337.3	+0.007%	$289K	—	250x	as long as short
RISEx XAU/USDC	+0.0005%	1h	4,340.3	+0.077%	$3.5M	$12.3M	25x	as long as short
Gate XAU_USDT	+0.0026%	4h	4,342.5	+0.126%	$267.3M	$410.4M	100x	as long as short
Lighter RH XAU	+0.0032%	1h	4,342.3	+0.121%	$20.1M	$39.1M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,337	+0.001%	$13.3M	$38.1M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.309%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,341.9	+0.113%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0042%	1h	4,338.9	+0.044%	$5.7M	$2.0M	20x	as long as short
Bybit XAUUSDT	+0.0045%	4h	4,342.5	+0.127%	$80.8M	$150.4M	150x	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	4,373.4	+0.839%	—	$1.0M	25x	as long as short
Lighter XAU	+0.0048%	1h	4,340.2	+0.073%	$20.8M	$34.4M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,337.6	+0.014%	$293.2M	$48.9M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,337.3	+0.007%	$15.1M	$56.7M	25x	as long as short
Kalshi KXGOLDPERP	+0.0050%	24h	4,338.6	+0.037%	$4.2M	$37.4M	15x	as long as short
Coinbase International GOLD-PERP-INTXshort	+0.0056%	1h	4,338	+0.023%	$2.1M	$4.8M	25x
Bluefin GOLD-PERP	+0.0060%	1h	4,334.4	−0.060%	$25K	$14K	20x	as long as short
Aster XAUUSD1	+0.0073%	4h	4,342	+0.116%	$71.3M	$332.5M	20x	as long as short
Paradex XAU-USD-PERP	+0.0080%	8h	4,340.6	+0.084%	$19K	$5K	5x	as long as short
Variational Omni XAU	+0.0083%	4h	4,341.1	+0.094%	$48.4M	$27.6M	—	as long as short
MEXC XAU_USDT	+0.0096%	4h	4,341	+0.091%	$371.5M	$317.0M	1000x	as long as short
Binance XAUUSDT	+0.0096%	4h	4,341.7	+0.108%	$414.1M	$2.09B	100x	as long as short
Pacifica XAUlong	+0.0100%	1h	4,337	long leg	$1.4M	$1.1M	10x
ApeX Omni XAUUSDT	+0.0100%	1h	4,339.9	+0.066%	$274K	$203K	50x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,340.3	+0.076%	$161K	$87	10x	as long as short
edgeX XAUUSDC	+0.0106%	4h	4,336.4	−0.013%	$30.2M	$58.1M	50x	as long as short
Hotstuff GOLD-PERP	+0.0112%	1h	4,337.6	+0.014%	$33K	—	25x	as long as short
Phoenix GOLD	+0.0136%	1h	4,339.2	+0.051%	$47K	$77K	25x	as long as short
GRVT XAU_USDT_Perp	+0.0182%	4h	4,341	+0.093%	$1.4M	$2.9M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0208%	1h	4,341	+0.092%	$4.3M	$2.0M	20x	as long as short
Bullet GOLD-USD	+0.0210%	1h	4,341.2	+0.097%	$59K	$82K	10x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0211%	1h	4,339.4	+0.055%	$205K	$826K	25x	as long as short
Bitget XAUUSDT	+0.0240%	4h	4,341.2	+0.098%	$71.0M	$109.4M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0259%	1h	4,337.9	+0.022%	$592K	$132K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0311%	8h	4,342.4	+0.124%	$165.8M	$281.1M	100x	as long as short
BloFin XAU-USDT	+0.0344%	4h	4,341.7	+0.109%	$15.6M	$4.4M	100x	as long as short
Phemex XAUUSDT	+0.0397%	4h	4,343.9	+0.160%	$2.2M	$967K	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0425% / S −0.0249%	1h	4,341.2	+0.098%	$250K	—	111x	as long as short
HTX XAU-USDT	+0.0526%	4h	4,345.2	+0.189%	$2.8M	$4.6M	75x	as long as short