Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0514%/8h= +56.3% APRpaid last 24h +0.029%

Price spread now: HTX against Pacifica+0.199%7-day average +0.128% · you sell dearer than you buy

Net, funding: paid 7d − costs−$25as in the Funding arb table

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

costs, in and out, $10k−$260.261% of the position

Long on Pacifica Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.013%+$1 on $10k

Price spread, last 3 days (all we have)−0.082%−$8 · spread now +0.199%, 7d avg +0.128%

Together, before fees−0.069%+ Points / potential airdropPacifica: Active · farm board−$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and HTX is 0.071% dearer against Pacifica than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.128%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.013% in total (about 0.7% 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	4,350.4	0.0100	pay 0.0013% / 1h	52m 59s	$1.4M	$1.2M	10x
Short	HTX XAU-USDT	4,359	0.0614	get 0.0307% / 4h	1h 52m	$2.9M	$4.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.199%Rate

Funding earned: $107.96
Price spread: +0.199% → +0.128%: $7.11
Slippage, 4 orders: −$6.06
Fee Pacifica: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: $89
Costs to cover: 0.261%
Break-even: 1.2 days

Slippage from Pacifica: live order book, 1 min ago; HTX: 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	4.3 bp −$4	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 1 min ago	0.01 bp	9.9 bp −$10	13.8 bp −$138	19.4 bp −$1,945	29.0 bp −$14.5K

XAU on 38 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	−0.0142%	1h	4,347.2	−0.074%	$25K	$14K	20x	as long as short
Gate XAU_USDT	0.0000%	4h	4,355.3	+0.111%	$262.5M	$405.1M	100x	as long as short
SunX XAU-USDT	0.0000%	4h	4,358.3	+0.182%	$93K	$9.4M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,349.6	−0.020%	$269K	—	250x	as long as short
RISEx XAU/USDC	+0.0010%	1h	4,354.1	+0.085%	$3.4M	$12.4M	25x	as long as short
Lighter XAU	+0.0032%	1h	4,352.7	+0.052%	$20.6M	$41.8M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,349.6	−0.018%	$13.5M	$40.6M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	0.000%	$619	$54	52x	as long as short
Kalshi KXGOLDPERP	+0.0036%	24h	4,351.8	+0.032%	$4.1M	$36.2M	15x	as long as short
StandX XAU-USD	+0.0040%	1h	4,355.4	+0.115%	$3.8M	$4.6M	40x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest GC-PERP	+0.0046%	1h	4,387.2	+0.846%	—	$1.0M	25x	as long as short
QFEX GOLD-USD	+0.0046%	1h	4,353.5	+0.071%	$5.6M	$1.9M	20x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0048%	1h	4,350.3	−0.002%	$2.0M	$4.9M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,350.7	+0.007%	$293.6M	$48.6M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,350.4	0.000%	$15.1M	$57.9M	25x	as long as short
Aster XAUUSD1	+0.0061%	4h	4,354.8	+0.102%	$70.2M	$328.3M	20x	as long as short
Lighter RH XAU	+0.0064%	1h	4,355.1	+0.109%	$20.1M	$39.3M	25x	as long as short
Paradex XAU-USD-PERP	+0.0085%	8h	4,353.7	+0.076%	$19K	$5K	5x	as long as short
Pacifica XAUlong	+0.0100%	1h	4,350.4	long leg	$1.4M	$1.2M	10x
ApeX Omni XAUUSDT	+0.0100%	1h	4,351.3	+0.021%	$275K	$204K	50x	as long as short
Polymarket Perps GOLD-USD	+0.0100%	1h	4,353	+0.060%	$4.3M	$1.9M	20x	as long as short
Hotstuff GOLD-PERP	+0.0104%	1h	4,352.8	+0.055%	$33K	—	25x	as long as short
Variational Omni XAU	+0.0107%	4h	4,352.3	+0.043%	$48.3M	$28.1M	—	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,353.3	+0.068%	$161K	$87	10x	as long as short
Binance XAUUSDT	+0.0120%	4h	4,353.8	+0.077%	$410.7M	$2.09B	100x	as long as short
MEXC XAU_USDT	+0.0120%	4h	4,353.9	+0.081%	$372.4M	$315.3M	1000x	as long as short
edgeX XAUUSDC	+0.0121%	4h	4,347.1	−0.076%	$30.3M	$58.7M	50x	as long as short
GRVT XAU_USDT_Perp	+0.0136%	4h	4,354	+0.084%	$1.4M	$3.0M	25x	as long as short
Phoenix GOLD	+0.0136%	1h	4,352	+0.037%	$48K	$77K	25x	as long as short
Bullet GOLD-USD	+0.0189%	1h	4,353.9	+0.080%	$59K	$83K	10x	as long as short
Bybit XAUUSDT	+0.0207%	4h	4,354.9	+0.103%	$84.0M	$145.0M	150x	as long as short
Bitget XAUUSDT	+0.0210%	4h	4,354	+0.083%	$69.7M	$109.0M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0249%	8h	4,355.1	+0.108%	$164.6M	$282.1M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0269%	1h	4,350.6	+0.004%	$594K	$133K	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0302%	1h	4,352.4	+0.046%	$259K	$702K	25x	as long as short
Phemex XAUUSDT	+0.0311%	4h	4,355.7	+0.121%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0398% / S −0.0206%	1h	4,353.9	+0.081%	$251K	—	111x	as long as short
HTX XAU-USDTshort	+0.0614%	4h	4,359	+0.199%	$2.9M	$4.2M	75x