Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0016%/8h= −1.7% APRpaid last 24h +0.003%

Price spread now: edgeX against Pacifica+0.165%7-day average −0.013% · 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−$2as in the Price arb table

costs, in and out, $10k−$200.198% of the position

Long on Pacifica Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.049%+$5 on $10k

Price spread, last 7 days−0.125%−$12 · spread now +0.165%, 7d avg −0.013%

Together, before fees−0.076%+ Points / potential airdropPacifica: Active · edgeX: Active · farm board−$8 on $10k · with fees, hour by hour

The price spread pays, funding is against you. edgeX is 0.177% dearer against Pacifica than usual: you sell high and buy low (spread +0.165% now, against its 7-day average of −0.013%): +$18 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 38 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica XAU	4,312.4	0.0100	pay 0.0013% / 1h	48m 53s	$1.4M	$1.5M	10x
Short	edgeX XAUUSDC	4,319.5	0.0084	get 0.0042% / 4h	48m 53s	$30.2M	$66.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.165%Rate

Funding earned: −$3.27
Price spread: +0.165% → −0.013%: $17.75
Slippage, 4 orders: −$2.84
Fee Pacifica: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$5.36
Costs to cover: 0.198%
Break-even: never at this rate

Slippage from Pacifica: live order book, 3 min ago; edgeX: 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	0.46 bp	4.9 bp −$5	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 3 min ago	0.35 bp	4.8 bp −$5	4.8 bp −$48	8.0 bp −$797	36.3 bp −$18.1K

XAU on 39 exchanges

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
Coinbase International GOLD-PERP-INTX	−0.0032%	1h	4,310.2	−0.051%	$2.1M	$5.1M	25x	as long as short
SunX XAU-USDT	0.0000%	4h	4,319.1	+0.156%	$92K	$5.6M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0002%	1h	4,309.7	−0.064%	$306K	—	250x	as long as short
Hotstuff GOLD-PERP	+0.0024%	1h	4,319.6	+0.167%	$35K	$3K	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.882%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,322.1	+0.225%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0042%	1h	4,312.7	+0.007%	$6.6M	$3.3M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,349.6	+0.863%	—	$1.0M	25x	as long as short
Aster XAUUSD1	+0.0046%	4h	4,318.2	+0.133%	$71.3M	$277.3M	20x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,311.9	−0.013%	$15.2M	$59.1M	25x	as long as short

Show all 39 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex XAU-USD-PERP	+0.0057%	8h	4,314.7	+0.052%	$2K	$13K	5x	as long as short
RISEx XAU/USDC	+0.0062%	1h	4,316.1	+0.086%	$4.7M	$13.4M	25x	as long as short
Lighter XAU	+0.0064%	1h	4,314.1	+0.038%	$20.0M	$30.3M	25x	as long as short
Variational Omni XAU	+0.0070%	4h	4,319.1	+0.155%	$47.0M	$28.1M	—	as long as short
tradeXYZ xyz:GOLD	+0.0075%	1h	4,312.4	0.000%	$291.4M	$46.0M	25x	as long as short
Gate XAU_USDT	+0.0076%	4h	4,318.6	+0.143%	$303.1M	$435.0M	100x	as long as short
MEXC XAU_USDT	+0.0084%	4h	4,315.8	+0.079%	$350.0M	$352.6M	1000x	as long as short
edgeX XAUUSDCshort	+0.0084%	4h	4,319.5	+0.165%	$30.2M	$66.6M	50x
Binance XAUUSDT	+0.0085%	4h	4,316.2	+0.089%	$441.6M	$2.44B	100x	as long as short
GRVT XAU_USDT_Perp	+0.0098%	4h	4,320	+0.177%	$1.4M	$3.1M	25x	as long as short
Pacifica XAUlong	+0.0100%	1h	4,312.4	long leg	$1.4M	$1.5M	10x
ApeX Omni XAUUSDT	+0.0100%	1h	4,317.3	+0.113%	$286K	$227K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,309.1	−0.077%	$25K	$1K	20x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,312.7	+0.008%	$160K	$87	10x	as long as short
Phoenix GOLD	+0.0124%	1h	4,315.8	+0.079%	$43K	$71K	25x	as long as short
Kalshi KXGOLDPERP	+0.0146%	24h	4,316.2	+0.088%	$3.5M	$52.0M	15x	as long as short
Lighter RH XAU	+0.0152%	1h	4,316.4	+0.093%	$19.5M	$39.3M	25x	as long as short
Bybit XAUUSDT	+0.0160%	4h	4,318.3	+0.136%	$82.7M	$168.0M	150x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0191%	1h	4,313.3	+0.021%	$135K	$659K	25x	as long as short
Kraken Futures PF_XAUUSD	+0.0198%	1h	4,311.6	−0.019%	$581K	$166K	25x	as long as short
Bitget XAUUSDT	+0.0202%	4h	4,315.8	+0.078%	$72.8M	$141.7M	100x	as long as short
Extended XAU-USD	+0.0224%	1h	4,311.4	−0.022%	$12.5M	$34.1M	25x	as long as short
Bullet GOLD-USD	+0.0225%	1h	4,315.6	+0.073%	$59K	$77K	10x	as long as short
OKX XAU-USDT-SWAP	+0.0225%	8h	4,318.3	+0.137%	$170.9M	$364.5M	100x	as long as short
Polymarket Perps GOLD-USD	+0.0234%	1h	4,316.3	+0.090%	$4.3M	$1.7M	20x	as long as short
Phemex XAUUSDT	+0.0242%	4h	4,317.9	+0.127%	$2.2M	$733K	100x	as long as short
BloFin XAU-USDT	+0.0326%	4h	4,316.3	+0.091%	$16.4M	$5.2M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0424% / S −0.0257%	1h	4,314.2	+0.042%	$251K	—	111x	as long as short
HTX XAU-USDT	+0.1028%	4h	4,322.5	+0.234%	$3.2M	$7.1M	75x	as long as short