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

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC−0.0050%/8h= −5.5% APRnext payment $0.06 per $10,000 · paid last 24h −0.015%
Price spread now: tradeXYZ against Pacifica+0.009%7-day average +0.007% · you sell dearer than you buy
Net, funding: paid 7d − costs−$26as in the Funding arb table
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$270.269% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.012%+$1 on $10k
Price spread, last 7 days+0.052%+$5 · spread now +0.009%, 7d avg +0.007%
Together, before fees+0.064%+ Points / potential airdropPacifica: Active · tradeXYZ: Active · farm board+$6 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.007%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica XAU4,340.50.0100pay 0.0013% / 1h16m 41s$1.4M$1.1M10x
ShorttradeXYZ xyz:GOLD4,340.90.0050get 0.0006% / 1h16m 41s$293.6M$49.2M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

tradeXYZ 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
−$10.5
Price spread: +0.009% → +0.007%
$0.21
Slippage, 4 orders
−$0.87
Fee Pacifica: 4 bp × 2 orders
−$8
Fee tradeXYZ: 9 bp × 2 orders
−$18
Net
−$37.16
Costs to cover
0.269%
Break-even
never at this rate
Slippage from Pacifica: live order book, 2 min ago; tradeXYZ: live order book, 13 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, 2 min ago0.12 bp4.2 bp −$4doesn't fitdoesn't fitdoesn't fit
Sell tradeXYZ live order book, 13 min ago0.12 bp9.1 bp −$99.2 bp −$9210.8 bp −$1,075doesn'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
SunX XAU-USDT0.0000%4h4,348.1+0.176%$92K$8.6M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,340.3−0.006%$272K250xas long as short
RISEx XAU/USDC+0.0005%1h4,344.2+0.085%$3.8M$12.5M25xas long as short
Bluefin GOLD-PERP+0.0016%1h4,337.7−0.065%$25K$14K20xas long as short
Extended XAU-USD+0.0032%1h4,340.4−0.002%$13.3M$37.2M25xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4+0.229%$619$5452xas long as short
Bybit XAUUSDT+0.0034%4h4,345.4+0.112%$80.0M$152.2M150xas long as short
StandX XAU-USD+0.0040%1h4,344.2+0.085%$3.8M$4.5M40xas long as short
QFEX GOLD-USD+0.0042%1h4,343.6+0.071%$5.6M$2.1M20xas long as short
Vest GC-PERP+0.0046%1h4,376.7+0.834%$1.0M25xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
tradeXYZ xyz:GOLDshort+0.0050%1h4,340.9+0.009%$293.6M$49.2M25x
Ondo Perps XAU-USD.P+0.0050%1h4,341.5+0.022%$15.0M$56.9M25xas long as short
Kalshi KXGOLDPERP+0.0051%24h4,341+0.012%$4.3M$37.4M15xas long as short
Lighter XAU+0.0056%1h4,343.3+0.065%$20.7M$34.7M25xas long as short
Hotstuff GOLD-PERP+0.0056%1h4,340.6+0.002%$33K25xas long as short
Coinbase International GOLD-PERP-INTX+0.0056%1h4,339.3−0.028%$2.1M$4.8M25xas long as short
Paradex XAU-USD-PERP+0.0061%8h4,344+0.081%$19K$5K5xas long as short
Lighter RH XAU+0.0072%1h4,345.9+0.123%$20.2M$40.1M25xas long as short
Gate XAU_USDT+0.0084%4h4,345.6+0.118%$268.2M$418.0M100xas long as short
Aster XAUUSD1+0.0094%4h4,345+0.103%$71.5M$331.8M20xas long as short
Pacifica XAUlong+0.0100%1h4,340.5long leg$1.4M$1.1M10x
ApeX Omni XAUUSDT+0.0100%1h4,341.2+0.015%$274K$203K50xas long as short
Variational Omni XAU+0.0104%4h4,343.9+0.079%$48.3M$27.5Mas long as short
Aevo XAU-PERP+0.0112%1h4,343.4+0.066%$161K$8710xas long as short
MEXC XAU_USDT+0.0118%4h4,344.4+0.091%$371.6M$320.9M1000xas long as short
Binance XAUUSDT+0.0119%4h4,344.4+0.089%$418.4M$2.09B100xas long as short
edgeX XAUUSDC+0.0129%4h4,340.2−0.008%$30.2M$58.2M50xas long as short
Phoenix GOLD+0.0136%1h4,340.50.000%$47K$77K25xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0165%1h4,342.7+0.051%$205K$826K25xas long as short
GRVT XAU_USDT_Perp+0.0182%4h4,344.6+0.094%$1.4M$2.9M25xas long as short
Phemex XAUUSDT+0.0185%4h4,347+0.149%$2.2M$967K100xas long as short
Polymarket Perps GOLD-USD+0.0211%1h4,343.8+0.076%$4.3M$2.0M20xas long as short
Bullet GOLD-USD+0.0211%1h4,344.1+0.084%$59K$82K10xas long as short
Kraken Futures PF_XAUUSD+0.0259%1h4,340.9+0.010%$592K$132K25xas long as short
Bitget XAUUSDT+0.0268%4h4,345+0.104%$71.1M$109.2M100xas long as short
OKX XAU-USDT-SWAP+0.0327%8h4,345.4+0.113%$167.2M$282.7M100xas long as short
BloFin XAU-USDT+0.0359%4h4,344.2+0.085%$15.7M$4.4M100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0427% / S −0.0252%1h4,344.1+0.084%$250K111xas long as short
HTX XAU-USDT+0.0528%4h4,346.8+0.145%$2.8M$4.6M75xas long as short