XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0182%/8h= +20.0% APRnext payment +$0.23 per $10,000 · paid last 24h +0.046%

Price spread now: Deribit against Pacifica+0.068%7-day average −0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$9as in the Price arb table

costs, in and out, $10k−$190.189% of the position

Long on Pacifica Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.739%+$74 on $10k

Price spread, last 4 days (all we have)−0.095%−$9 · spread now +0.068%, 7d avg −0.031%

Together, before fees+0.645%+ Points / potential airdropPacifica: Active · farm board+$64 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Deribit is 0.099% dearer against Pacifica than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.031%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica XAU	4,319.4	0.0100	pay 0.0013% / 1h	32m 13s	$1.4M	$1.2M	10x
Short	Deribit GOLD_USDC-PERPETUAL	4,322.3	0.0282	get 0.0035% / 1h	32m 13s	$192K	$834K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.068%Rate

Funding earned: $38.31
Price spread: +0.068% → −0.031%: $9.93
Slippage, 4 orders: −$3.94
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $29.3
Costs to cover: 0.189%
Break-even: 1.6 days

Slippage from Pacifica: live order book, 2 min ago; Deribit: live order book, 12 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	5.1 bp −$5	doesn't fit	doesn't fit	doesn't fit
Sell Deribit live order book, 12 min ago	0.12 bp	5.7 bp −$6	7.8 bp −$78	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
Bluefin GOLD-PERP	−0.0096%	1h	4,316.9	−0.057%	$25K	$14K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,326.7	+0.170%	$92K	$7.8M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,319.5	+0.002%	$270K	—	250x	as long as short
Bybit XAUUSDT	+0.0003%	4h	4,324.4	+0.115%	$77.4M	$155.2M	150x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.719%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,323.4	+0.093%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0042%	1h	4,322	+0.061%	$5.4M	$2.1M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,355.6	+0.839%	—	$1.0M	25x	as long as short
Extended XAU-USD	+0.0048%	1h	4,319.4	+0.001%	$12.9M	$37.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,319.6	+0.005%	$291.5M	$51.5M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps XAU-USD.P	+0.0050%	1h	4,318.9	−0.011%	$15.0M	$55.6M	25x	as long as short
Lighter XAU	+0.0064%	1h	4,322.8	+0.080%	$20.3M	$30.5M	25x	as long as short
Aster XAUUSD1	+0.0068%	4h	4,324.9	+0.128%	$72.5M	$278.2M	20x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,321.5	+0.049%	$2.1M	$4.9M	25x	as long as short
Paradex XAU-USD-PERP	+0.0074%	8h	4,322.2	+0.067%	$2K	$13K	5x	as long as short
Kalshi KXGOLDPERP	+0.0075%	24h	4,324.5	+0.119%	$3.8M	$43.6M	15x	as long as short
GRVT XAU_USDT_Perp	+0.0082%	4h	4,322.2	+0.066%	$1.4M	$3.0M	25x	as long as short
Variational Omni XAU	+0.0092%	4h	4,321.3	+0.046%	$47.3M	$28.9M	—	as long as short
Hotstuff GOLD-PERP	+0.0096%	1h	4,319.9	+0.012%	$32K	—	25x	as long as short
Gate XAU_USDT	+0.0096%	4h	4,325.4	+0.139%	$282.6M	$415.6M	100x	as long as short
MEXC XAU_USDT	+0.0096%	4h	4,323.6	+0.098%	$364.7M	$330.4M	1000x	as long as short
Binance XAUUSDT	+0.0097%	4h	4,323.6	+0.097%	$416.4M	$2.13B	100x	as long as short
Phoenix GOLD	+0.0100%	1h	4,320.2	+0.019%	$47K	$79K	25x	as long as short
Pacifica XAUlong	+0.0100%	1h	4,319.4	long leg	$1.4M	$1.2M	10x
ApeX Omni XAUUSDT	+0.0100%	1h	4,318.3	−0.025%	$272K	$208K	50x	as long as short
edgeX XAUUSDC	+0.0101%	4h	4,316.8	−0.060%	$30.0M	$61.1M	50x	as long as short
Lighter RH XAU	+0.0104%	1h	4,325.4	+0.140%	$19.8M	$38.7M	25x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,322.5	+0.072%	$160K	$87	10x	as long as short
Kraken Futures PF_XAUUSD	+0.0153%	1h	4,320.3	+0.021%	$584K	$134K	25x	as long as short
Bullet GOLD-USD	+0.0177%	1h	4,323.3	+0.091%	$59K	$82K	10x	as long as short
RISEx XAU/USDC	+0.0184%	1h	4,325.7	+0.147%	$4.2M	$12.8M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0209%	1h	4,323	+0.084%	$4.3M	$1.9M	20x	as long as short
Bitget XAUUSDT	+0.0228%	4h	4,323.7	+0.099%	$67.8M	$118.5M	100x	as long as short
HTX XAU-USDT	+0.0236%	4h	4,328	+0.199%	$2.8M	$4.9M	75x	as long as short
Deribit GOLD_USDC-PERPETUALshort	+0.0282%	1h	4,322.3	+0.068%	$192K	$834K	25x
OKX XAU-USDT-SWAP	+0.0309%	8h	4,323.8	+0.103%	$171.3M	$297.7M	100x	as long as short
BloFin XAU-USDT	+0.0337%	4h	4,324.1	+0.110%	$16.1M	$4.6M	100x	as long as short
Phemex XAUUSDT	+0.0344%	4h	4,324.6	+0.121%	$2.2M	$967K	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0462% / S −0.0307%	1h	4,323.3	+0.091%	$252K	—	111x	as long as short