Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0028%/8h= +3.0% APRpaid last 24h +0.009%

Price spread now: Pacifica against Paradex−0.079%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Paradex Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · Pacifica: Active · farm boardneeds both histories

Funding pays, the price is against you. Pacifica is 0.079% cheaper against Paradex than usual: you would sell low and buy high (spread −0.079% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 9.5 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex XAU-USD-PERP	4,334.5	0.0072	pay 0.0072% / 8h	2h 31m	$19K	$5K	5x
Short	Pacifica XAU	4,331.1	0.0100	get 0.0013% / 1h	31m 33s	$1.4M	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Paradex. 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 ParadexbpFee PacificabpOrdersPrice spread, now −0.079%Rate

Funding earned: $5.81
Price spread: −0.079% → 0.000%: −$7.87
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$14.06
Costs to cover: 0.120%
Break-even: 23.9 days

Slippage unknown: Paradex: no order-book sample; Pacifica: live order book, 2 min ago. Net counts fees only.

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 Paradex no order-book sample	—	—	—	—	—
Sell Pacifica live order book, 2 min ago	0.12 bp	5.4 bp −$5	doesn't fit	doesn't fit	doesn't fit

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
SunX XAU-USDT	0.0000%	4h	4,336.8	+0.054%	$92K	$8.4M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,329.2	−0.122%	$271K	—	250x	as long as short
Bluefin GOLD-PERP	+0.0025%	1h	4,326.3	−0.188%	$25K	$14K	20x	as long as short
Extended XAU-USD	+0.0032%	1h	4,331	−0.082%	$13.2M	$37.1M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.367%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,331.6	−0.067%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0044%	1h	4,333.4	−0.026%	$5.4M	$2.1M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,366.9	+0.747%	—	$1.0M	25x	as long as short
Lighter XAU	+0.0048%	1h	4,333.8	−0.017%	$20.7M	$30.8M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,330.7	−0.088%	$292.4M	$50.4M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps XAU-USD.P	+0.0050%	1h	4,331	−0.080%	$15.0M	$56.6M	25x	as long as short
RISEx XAU/USDC	+0.0054%	1h	4,334.6	+0.001%	$3.7M	$12.3M	25x	as long as short
Kalshi KXGOLDPERP	+0.0057%	24h	4,333.4	−0.026%	$4.1M	$40.3M	15x	as long as short
Gate XAU_USDT	+0.0062%	4h	4,336.4	+0.043%	$273.4M	$403.3M	100x	as long as short
Bybit XAUUSDT	+0.0067%	4h	4,335	+0.012%	$79.1M	$154.4M	150x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,330.4	−0.095%	$2.1M	$4.7M	25x	as long as short
Paradex XAU-USD-PERPlong	+0.0072%	8h	4,334.5	long leg	$19K	$5K	5x
Lighter RH XAU	+0.0096%	1h	4,336.2	+0.038%	$20.0M	$38.6M	25x	as long as short
Hotstuff GOLD-PERP	+0.0096%	1h	4,325.6	−0.206%	$32K	—	25x	as long as short
Pacifica XAUshort	+0.0100%	1h	4,331.1	−0.079%	$1.4M	$1.2M	10x
ApeX Omni XAUUSDT	+0.0100%	1h	4,328.3	−0.144%	$275K	$204K	50x	as long as short
Variational Omni XAU	+0.0109%	4h	4,335.3	+0.018%	$48.3M	$27.5M	—	as long as short
Aster XAUUSD1	+0.0112%	4h	4,335.9	+0.032%	$71.5M	$331.6M	20x	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,333.8	−0.016%	$160K	$87	10x	as long as short
MEXC XAU_USDT	+0.0120%	4h	4,334.4	−0.002%	$365.4M	$322.0M	1000x	as long as short
Binance XAUUSDT	+0.0121%	4h	4,334.3	−0.004%	$417.4M	$2.13B	100x	as long as short
Phoenix GOLD	+0.0127%	1h	4,333.4	−0.026%	$47K	$77K	25x	as long as short
GRVT XAU_USDT_Perp	+0.0132%	4h	4,332.3	−0.050%	$1.4M	$2.9M	25x	as long as short
edgeX XAUUSDC	+0.0138%	4h	4,329.7	−0.110%	$30.1M	$58.7M	50x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0143%	1h	4,331.5	−0.069%	$202K	$820K	25x	as long as short
Bullet GOLD-USD	+0.0164%	1h	4,332.8	−0.039%	$59K	$82K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0171%	1h	4,334	−0.012%	$4.2M	$2.0M	20x	as long as short
Kraken Futures PF_XAUUSD	+0.0247%	1h	4,329.9	−0.106%	$590K	$130K	25x	as long as short
HTX XAU-USDT	+0.0262%	4h	4,335.9	+0.031%	$2.8M	$4.8M	75x	as long as short
Bitget XAUUSDT	+0.0284%	4h	4,334.7	+0.004%	$71.6M	$111.3M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0339%	8h	4,335.1	+0.014%	$169.7M	$290.6M	100x	as long as short
Phemex XAUUSDT	+0.0381%	4h	4,336.9	+0.054%	$2.2M	$960K	100x	as long as short
BloFin XAU-USDT	+0.0403%	4h	4,330.2	−0.100%	$15.9M	$4.4M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0450% / S −0.0285%	1h	4,332.7	−0.041%	$250K	—	111x	as long as short