Settings8H · net · $10k
Funding arb · Price arb /

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC−0.0100%/8h= −10.9% APRnext payment $0.13 per $10,000 · paid last 24h +0.031%
Price spread now: RISEx against Pacifica+0.064%7-day average +0.099% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$19as in the Price arb table
costs, in and out, $10k−$160.159% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.059%+$6 on $10k
Price spread, last 7 days+0.070%+$7 · spread now +0.064%, 7d avg +0.099%
Together, before fees+0.129%+ Points / potential airdropPacifica: Active · farm board+$13 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and RISEx is 0.034% cheaper against Pacifica than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.099%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.059%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica XAU4,362.70.0100pay 0.0013% / 1h4m 30s$1.4M$1.2M10x
ShortRISEx XAU/USDC4,365.50get 0.0000% / 1h4m 30s$3.4M$12.4M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

RISEx 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

Funding earned
−$21
Price spread: +0.064% → +0.099%
−$3.44
Slippage, 4 orders
−$1.88
Fee Pacifica: 4 bp × 2 orders
−$8
Fee RISEx: 3 bp × 2 orders
−$6
Net
−$40.33
Costs to cover
0.159%
Break-even
never at this rate
Slippage from Pacifica: live order book, 5 min ago; RISEx: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Pacifica live order book, 5 min ago0.12 bp4.9 bp −$5doesn't fitdoesn't fitdoesn't fit
Sell RISEx live order book, 5 min ago0.26 bp3.3 bp −$34.3 bp −$4335.6 bp −$3,565doesn't fit

XAU on 39 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_XAUUSD−0.0174%1h4,362.6−0.003%$602K$139K25xas long as short
Aster XAUUSD10.0000%4h4,366.5+0.087%$71.5M$233.3M20xas long as short
Binance XAUUSDT0.0000%4h4,365.6+0.066%$409.8M$2.09B100xas long as short
Bybit XAUUSDT0.0000%4h4,366.9+0.095%$82.9M$141.8M150xas long as short
RISEx XAU/USDCshort0.0000%1h4,365.5+0.064%$3.4M$12.4M25x
Gate XAU_USDT0.0000%4h4,367+0.098%$269.2M$412.2M100xas long as short
MEXC XAU_USDT0.0000%4h4,365.8+0.069%$377.1M$354.6M1000xas long as short
Bitget XAUUSDT0.0000%4h4,366+0.075%$67.4M$110.1M100xas long as short
Variational Omni XAU0.0000%4h4,364.1+0.033%$48.5M$31.2Mas long as short
GRVT XAU_USDT_Perp0.0000%4h4,362.8+0.001%$1.4M$3.1M25xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kalshi KXGOLDPERP0.0000%24h4,363.3+0.013%$4.0M$34.6M15xas long as short
SunX XAU-USDT0.0000%4h4,369.2+0.148%$93K$10.6M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,362.2−0.013%$268K250xas long as short
QFEX GOLD-USD+0.0002%1h4,365.2+0.057%$5.6M$1.7M20xas long as short
edgeX XAUUSDC+0.0011%4h4,358.9−0.087%$30.3M$58.0M50xas long as short
tradeXYZ xyz:GOLD+0.0017%1h4,361.1−0.037%$293.5M$52.7M25xas long as short
Lighter XAU+0.0032%1h4,365.3+0.059%$20.9M$44.8M25xas long as short
Lighter RH XAU+0.0032%1h4,367.5+0.110%$20.3M$42.2M25xas long as short
Extended XAU-USD+0.0032%1h4,362.70.000%$13.1M$46.2M25xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4−0.282%$619$5452xas long as short
StandX XAU-USD+0.0040%1h4,363.6+0.020%$3.8M$4.7M40xas long as short
Vest GC-PERP+0.0046%1h4,400.3+0.861%$1.0M25xas long as short
Polymarket Perps GOLD-USD+0.0050%1h4,364.2+0.034%$4.3M$1.7M20xas long as short
Paradex XAU-USD-PERP+0.0050%8h4,365.6+0.066%$19K$6K5xas long as short
Ondo Perps XAU-USD.P+0.0050%1h4,362.2−0.011%$14.4M$55.6M25xas long as short
Aevo XAU-PERP+0.0080%1h4,364.2+0.034%$162K$8710xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0094%1h4,364.1+0.032%$235K$734K25xas long as short
Bullet GOLD-USD+0.0098%1h4,365.1+0.054%$60K$85K10xas long as short
Pacifica XAUlong+0.0100%1h4,362.7long leg$1.4M$1.2M10x
ApeX Omni XAUUSDT+0.0100%1h4,361.6−0.025%$274K$199K50xas long as short
Bluefin GOLD-PERP+0.0100%1h4,357.4−0.122%$26K$21K20xas long as short
Hotstuff GOLD-PERP+0.0104%1h4,361.1−0.037%$33K25xas long as short
Phoenix GOLD+0.0109%1h4,361.7−0.023%$48K$65K25xas long as short
HTX XAU-USDT+0.0109%4h4,368.1+0.124%$2.8M$3.8M75xas long as short
OKX XAU-USDT-SWAP+0.0158%8h4,367.1+0.100%$158.3M$270.1M100xas long as short
Coinbase International GOLD-PERP-INTX+0.0208%1h4,360.9−0.042%$2.0M$5.1M25xas long as short
BloFin XAU-USDT+0.0240%4h4,365+0.053%$14.8M$4.3M100xas long as short
Phemex XAUUSDT+0.0275%4h4,365.1+0.054%$2.2M$1.1M100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0389% / S −0.0197%1h4,365+0.053%$252K111xas long as short