Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0316%/8h= +34.6% APRpaid last 24h −0.017%

Price spread now: Gate against Pacifica+0.142%7-day average +0.123% · you sell dearer than you buy

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$250.253% of the position

Long on Pacifica Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.092%−$9 on $10k

Price spread, last 7 days−0.015%−$1 · spread now +0.142%, 7d avg +0.123%

Together, before fees−0.107%+ Points / potential airdropPacifica: Active · farm board−$11 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.123%, so right now this pair is about funding alone: +$9 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.092%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.092% in total (about -4.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

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 41s	$1.4M	$1.2M	10x
Short	Gate XAU_USDT	4,309.7	0.0416	get 0.0208% / 4h	3h 57m	$292.3M	$416.8M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.142%Rate

Funding earned: $66.36
Price spread: +0.142% → +0.123%: $1.82
Slippage, 4 orders: −$2.26
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $42.92
Costs to cover: 0.253%
Break-even: 2.5 days

Slippage from Pacifica: live order book, 1 min ago; Gate: live order book, 1 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, 1 min ago	0.12 bp	4.8 bp −$5	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	0.01 bp	7.5 bp −$8	9.7 bp −$97	15.2 bp −$1,518	17.7 bp −$8,854

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	4,308.3	+0.109%	$92K	$7.0M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,300.8	−0.064%	$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	4,335.8	+0.748%	—	$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	4,302.7	−0.021%	$290.3M	$53.8M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0050%	1h	4,306.2	+0.060%	$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	4,299.8	−0.088%	$2.0M	$5.0M	25x	as long as short
Aster XAUUSD1	+0.0061%	4h	4,308.7	+0.119%	$73.0M	$272.2M	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	4,308.6	+0.117%	$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	4,306.5	+0.067%	$20.2M	$28.3M	25x	as long as short
Extended XAU-USD	+0.0096%	1h	4,303.1	−0.012%	$13.1M	$36.1M	25x	as long as short
Phoenix GOLD	+0.0096%	1h	4,302.4	−0.028%	$42K	$79K	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	4,303.7	+0.003%	$269K	$214K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,301.1	−0.059%	$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	4,306.2	+0.060%	$3.7M	$45.8M	15x	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,304.1	+0.013%	$159K	$87	10x	as long as short
MEXC XAU_USDT	+0.0114%	4h	4,307.5	+0.090%	$362.5M	$330.4M	1000x	as long as short
Binance XAUUSDT	+0.0116%	4h	4,307.4	+0.089%	$428.6M	$2.19B	100x	as long as short
GRVT XAU_USDT_Perp	+0.0120%	4h	4,305	+0.033%	$1.4M	$3.0M	25x	as long as short
edgeX XAUUSDC	+0.0123%	4h	4,304	+0.008%	$29.9M	$60.6M	50x	as long as short
RISEx XAU/USDC	+0.0126%	1h	4,304.7	+0.025%	$4.4M	$13.1M	25x	as long as short
StandX XAU-USD	+0.0189%	1h	4,306.6	+0.070%	$3.8M	$4.5M	40x	as long as short
Bitget XAUUSDT	+0.0194%	4h	4,308.3	+0.108%	$70.9M	$123.2M	100x	as long as short
Bullet GOLD-USD	+0.0199%	1h	4,304.3	+0.016%	$59K	$81K	10x	as long as short
Bybit XAUUSDT	+0.0221%	4h	4,308.1	+0.104%	$77.0M	$157.1M	150x	as long as short
OKX XAU-USDT-SWAP	+0.0255%	8h	4,307.5	+0.091%	$171.0M	$321.4M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0308%	1h	4,304.1	+0.012%	$134K	$870K	25x	as long as short
Kraken Futures PF_XAUUSD	+0.0328%	1h	4,301.8	−0.042%	$572K	$138K	25x	as long as short
Gate XAU_USDTshort	+0.0416%	4h	4,309.7	+0.142%	$292.3M	$416.8M	100x
BloFin XAU-USDT	+0.0458%	4h	4,304.8	+0.028%	$16.6M	$4.9M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0466% / S −0.0313%	1h	4,305.1	+0.034%	$254K	—	111x	as long as short
Phemex XAUUSDT	+0.1183%	4h	4,309.7	+0.142%	$2.2M	$950K	100x	as long as short
HTX XAU-USDT	+0.1216%	4h	4,311.7	+0.189%	$3.2M	$6.2M	75x	as long as short