Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h +0.019%

Price spread now: MEXC against Pacifica+0.117%7-day average +0.097% · you sell dearer than you buy

Net, funding: paid 7d − costs−$10as in the Funding arb table

Net, price: spread back to 7d avg − costs−$13as in the Price arb table

costs, in and out, $10k−$150.146% of the position

Long on Pacifica Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.044%+$4 on $10k

Price spread, last 7 days+0.009%+$1 · spread now +0.117%, 7d avg +0.097%

Together, before fees+0.053%+ Points / potential airdropPacifica: Active · farm board+$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.097%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica XAU	4,360.7	0.0100	pay 0.0013% / 1h	24m 10s	$1.4M	$1.2M	10x
Short	MEXC XAU_USDT	4,365.8	0	get 0.0000% / 4h	24m 10s	$376.2M	$322.8M	1000x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.117%Rate

Funding earned: −$21
Price spread: +0.117% → +0.097%: $1.99
Slippage, 4 orders: −$2.55
Fee Pacifica: 4 bp × 2 orders: −$8
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$33.56
Costs to cover: 0.146%
Break-even: never at this rate

Slippage from Pacifica: live order book, 5 min ago; MEXC: live order book, 5 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, 5 min ago	0.12 bp	4.2 bp −$4	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	0.03 bp	2.0 bp −$2	2.0 bp −$20	2.3 bp −$226	21.5 bp −$10.7K

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	−0.0203%	1h	4,357	−0.085%	$26K	$22K	20x	as long as short
Phoenix GOLD	−0.0004%	1h	4,360.3	−0.009%	$48K	$65K	25x	as long as short
Aster XAUUSD1	0.0000%	4h	4,364.1	+0.078%	$71.6M	$225.7M	20x	as long as short
Binance XAUUSDT	0.0000%	4h	4,365.5	+0.110%	$407.0M	$2.13B	100x	as long as short
Bybit XAUUSDT	0.0000%	4h	4,366.6	+0.134%	$82.9M	$142.2M	150x	as long as short
RISEx XAU/USDC	0.0000%	1h	4,363.6	+0.067%	$3.4M	$12.3M	25x	as long as short
Hotstuff GOLD-PERP	0.0000%	1h	4,359.8	−0.021%	$33K	—	25x	as long as short
Gate XAU_USDT	0.0000%	4h	4,366.8	+0.140%	$269.3M	$412.6M	100x	as long as short
MEXC XAU_USDTshort	0.0000%	4h	4,365.8	+0.117%	$376.2M	$322.8M	1000x
Bitget XAUUSDT	0.0000%	4h	4,366.2	+0.125%	$69.6M	$113.2M	100x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni XAU	0.0000%	4h	4,362.9	+0.049%	$48.4M	$30.2M	—	as long as short
GRVT XAU_USDT_Perp	0.0000%	4h	4,362.9	+0.050%	$1.4M	$3.1M	25x	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,361.3	+0.014%	$4.1M	$36.0M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,368.3	+0.175%	$93K	$10.6M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,359.6	−0.026%	$267K	—	250x	as long as short
edgeX XAUUSDC	+0.0017%	4h	4,358.4	−0.054%	$30.3M	$58.5M	50x	as long as short
QFEX GOLD-USD	+0.0032%	1h	4,363.1	+0.055%	$5.4M	$1.8M	20x	as long as short
Extended XAU-USD	+0.0032%	1h	4,359.4	−0.030%	$13.1M	$45.6M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.236%	$619	$54	52x	as long as short
Lighter XAU	+0.0040%	1h	4,364.3	+0.083%	$20.7M	$44.7M	25x	as long as short
StandX XAU-USD	+0.0040%	1h	4,363.8	+0.071%	$3.8M	$4.7M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,397.9	+0.853%	—	$1.0M	25x	as long as short
Lighter RH XAU	+0.0048%	1h	4,367.4	+0.153%	$20.3M	$42.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,361.8	+0.025%	$293.7M	$52.2M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,359.9	−0.018%	$14.5M	$56.4M	25x	as long as short
Paradex XAU-USD-PERP	+0.0052%	8h	4,363.6	+0.066%	$19K	$5K	5x	as long as short
Aevo XAU-PERP	+0.0080%	1h	4,362.5	+0.040%	$162K	$87	10x	as long as short
Polymarket Perps GOLD-USD	+0.0093%	1h	4,363.2	+0.057%	$4.3M	$1.8M	20x	as long as short
Bullet GOLD-USD	+0.0093%	1h	4,364	+0.075%	$59K	$81K	10x	as long as short
Pacifica XAUlong	+0.0100%	1h	4,360.7	long leg	$1.4M	$1.2M	10x
ApeX Omni XAUUSDT	+0.0100%	1h	4,361.7	+0.024%	$277K	$204K	50x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0152%	1h	4,361	+0.007%	$2.0M	$5.1M	25x	as long as short
OKX XAU-USDT-SWAP	+0.0158%	8h	4,366.4	+0.131%	$158.8M	$273.4M	100x	as long as short
HTX XAU-USDT	+0.0163%	4h	4,368.5	+0.179%	$2.8M	$3.7M	75x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0163%	1h	4,361.1	+0.009%	$235K	$736K	25x	as long as short
Kraken Futures PF_XAUUSD	+0.0220%	1h	4,361.4	+0.016%	$602K	$136K	25x	as long as short
BloFin XAU-USDT	+0.0240%	4h	4,364.2	+0.081%	$14.8M	$4.5M	100x	as long as short
Phemex XAUUSDT	+0.0332%	4h	4,367	+0.145%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0389% / S −0.0197%	1h	4,363.6	+0.066%	$252K	—	111x	as long as short