Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0123%/8h= +13.5% APRpaid last 24h +0.032%

Price spread now: OKX against Pacifica+0.106%7-day average +0.105% · you sell dearer than you buy

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$210.210% of the position

Long on Pacifica Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.010%+$1 on $10k

Price spread, last 7 days+0.010%+$1 · spread now +0.106%, 7d avg +0.105%

Together, before fees+0.020%+ Points / potential airdropPacifica: Active · farm board+$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.105%, so right now this pair is about funding alone: +$4 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	4,351.5	0.0100	pay 0.0013% / 1h	42m 44s	$1.4M	$1.2M	10x
Short	OKX XAU-USDT-SWAP	4,356.1	0.0223	get 0.0223% / 8h	6h 42m	$164.8M	$284.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.106%Rate

Funding earned: $25.82
Price spread: +0.106% → +0.105%: $0.07
Slippage, 4 orders: −$3.01
Fee Pacifica: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: $4.87
Costs to cover: 0.210%
Break-even: 5.7 days

Slippage from Pacifica: live order book, 1 min ago; OKX: 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 OKX live order book, 1 min ago	0.12 bp	5.1 bp −$5	5.1 bp −$51	6.7 bp −$672	13.7 bp −$6,840

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	−0.0336%	1h	4,351.1	−0.010%	$25K	$14K	20x	as long as short
Hotstuff GOLD-PERP	−0.0024%	1h	4,354.8	+0.076%	$33K	—	25x	as long as short
Aster XAUUSD1	0.0000%	4h	4,355.2	+0.084%	$69.2M	$278.1M	20x	as long as short
Gate XAU_USDT	0.0000%	4h	4,357.4	+0.136%	$263.7M	$406.0M	100x	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,355.5	+0.092%	$4.1M	$36.6M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,362.4	+0.251%	$93K	$9.8M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,353.6	+0.049%	$269K	—	250x	as long as short
Extended XAU-USD	+0.0032%	1h	4,352.2	+0.016%	$13.6M	$43.1M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.025%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,358.9	+0.170%	$3.8M	$4.7M	40x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest GC-PERP	+0.0046%	1h	4,391.3	+0.915%	—	$1.0M	25x	as long as short
Lighter XAU	+0.0048%	1h	4,353.6	+0.049%	$20.6M	$43.5M	25x	as long as short
Lighter RH XAU	+0.0048%	1h	4,356	+0.104%	$20.1M	$40.8M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,352.3	+0.018%	$293.8M	$48.4M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,355.9	+0.101%	$14.9M	$57.6M	25x	as long as short
QFEX GOLD-USD	+0.0051%	1h	4,358.2	+0.154%	$5.6M	$1.9M	20x	as long as short
Variational Omni XAU	+0.0053%	4h	4,360	+0.196%	$48.4M	$28.4M	—	as long as short
Polymarket Perps GOLD-USD	+0.0061%	1h	4,356.8	+0.122%	$4.3M	$1.9M	20x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,353.5	+0.046%	$2.0M	$5.0M	25x	as long as short
edgeX XAUUSDC	+0.0076%	4h	4,353.6	+0.049%	$30.3M	$60.7M	50x	as long as short
MEXC XAU_USDT	+0.0078%	4h	4,354.8	+0.076%	$372.1M	$321.1M	1000x	as long as short
Binance XAUUSDT	+0.0080%	4h	4,354.8	+0.076%	$410.1M	$2.11B	100x	as long as short
Paradex XAU-USD-PERP	+0.0086%	8h	4,354.9	+0.079%	$19K	$5K	5x	as long as short
Pacifica XAUlong	+0.0100%	1h	4,351.5	long leg	$1.4M	$1.2M	10x
ApeX Omni XAUUSDT	+0.0100%	1h	4,359.3	+0.178%	$275K	$204K	50x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,357	+0.126%	$161K	$87	10x	as long as short
Phoenix GOLD	+0.0121%	1h	4,356.7	+0.119%	$48K	$64K	25x	as long as short
RISEx XAU/USDC	+0.0135%	1h	4,358.3	+0.156%	$3.4M	$12.4M	25x	as long as short
GRVT XAU_USDT_Perp	+0.0138%	4h	4,358.7	+0.165%	$1.4M	$3.0M	25x	as long as short
Bitget XAUUSDT	+0.0140%	4h	4,355.8	+0.099%	$69.5M	$110.7M	100x	as long as short
Bullet GOLD-USD	+0.0155%	1h	4,357.5	+0.138%	$59K	$83K	10x	as long as short
Bybit XAUUSDT	+0.0181%	4h	4,355.5	+0.092%	$84.1M	$143.7M	150x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0209%	1h	4,355.7	+0.097%	$235K	$661K	25x	as long as short
OKX XAU-USDT-SWAPshort	+0.0223%	8h	4,356.1	+0.106%	$164.8M	$284.6M	100x
Kraken Futures PF_XAUUSD	+0.0269%	1h	4,354.6	+0.072%	$594K	$141K	25x	as long as short
BloFin XAU-USDT	+0.0286%	4h	4,364.8	+0.306%	$15.5M	$4.6M	100x	as long as short
Phemex XAUUSDT	+0.0381%	4h	4,359.8	+0.191%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0394% / S −0.0199%	1h	4,357.6	+0.140%	$253K	—	111x	as long as short
HTX XAU-USDT	+0.0531%	4h	4,362.3	+0.248%	$2.9M	$3.9M	75x	as long as short