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

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0090%/8h= +9.8% APRnext payment +$0.11 per $10,000 · paid last 24h −0.014%
Price spread now: Pacifica against RISEx−0.042%7-day average −0.097% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$10as 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 4 days (all we have)−0.056%−$6 on $10k
Price spread, last 7 days−0.093%−$9 · spread now −0.042%, 7d avg −0.097%
Together, before fees−0.149%+ Points / potential airdropPacifica: Active · farm board−$15 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Pacifica is 0.056% dearer against RISEx than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.097%. Mind the row above: over the last 4 days funding on this pair cost −0.056%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongRISEx XAU/USDC4,354.20.0010pay 0.0001% / 1h54m 00s$3.4M$12.4M25x
ShortPacifica XAU4,352.40.0100get 0.0013% / 1h54m 00s$1.4M$1.2M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica against RISEx. 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
$18.82
Price spread: −0.042% → −0.097%
$5.57
Slippage, 4 orders
−$1.86
Fee RISEx: 3 bp × 2 orders
−$6
Fee Pacifica: 4 bp × 2 orders
−$8
Net
$8.53
Costs to cover
0.159%
Break-even
3.8 days
Slippage from RISEx: live order book, 5 min ago; Pacifica: 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 RISEx live order book, 5 min ago0.01 bp3.8 bp −$45.0 bp −$5035.3 bp −$3,525doesn't fit
Sell Pacifica live order book, 5 min ago0.12 bp4.5 bp −$5doesn't fitdoesn't fitdoesn't fit

XAU on 38 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
Bluefin GOLD-PERP−0.0162%1h4,348.3−0.136%$25K$14K20xas long as short
Gate XAU_USDT0.0000%4h4,355+0.018%$262.5M$404.9M100xas long as short
SunX XAU-USDT0.0000%4h4,358.6+0.100%$93K$9.4M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,350.3−0.090%$269K250xas long as short
RISEx XAU/USDClong+0.0010%1h4,354.2long leg$3.4M$12.4M25x
Lighter XAU+0.0032%1h4,352.7−0.036%$20.6M$41.8M25xas long as short
Extended XAU-USD+0.0032%1h4,349.8−0.101%$13.5M$40.9M25xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4−0.088%$619$5452xas long as short
Kalshi KXGOLDPERP+0.0036%24h4,352.5−0.040%$4.1M$36.2M15xas long as short
StandX XAU-USD+0.0040%1h4,353.6−0.014%$3.8M$4.6M40xas long as short
Show all 38 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Vest GC-PERP+0.0046%1h4,387.7+0.769%$1.0M25xas long as short
QFEX GOLD-USD+0.0046%1h4,353.6−0.014%$5.6M$1.9M20xas long as short
Coinbase International GOLD-PERP-INTX+0.0048%1h4,350.3−0.090%$2.0M$4.9M25xas long as short
tradeXYZ xyz:GOLD+0.0050%1h4,350.4−0.088%$293.6M$48.6M25xas long as short
Ondo Perps XAU-USD.P+0.0050%1h4,350.7−0.081%$15.1M$57.9M25xas long as short
Aster XAUUSD1+0.0059%4h4,354.6+0.009%$70.2M$328.2M20xas long as short
Lighter RH XAU+0.0064%1h4,355.1+0.020%$20.1M$39.3M25xas long as short
Paradex XAU-USD-PERP+0.0085%8h4,355.8+0.036%$19K$5K5xas long as short
Polymarket Perps GOLD-USD+0.0099%1h4,353.4−0.019%$4.3M$1.9M20xas long as short
Pacifica XAUshort+0.0100%1h4,352.4−0.042%$1.4M$1.2M10x
ApeX Omni XAUUSDT+0.0100%1h4,351.3−0.067%$275K$204K50xas long as short
Hotstuff GOLD-PERP+0.0104%1h4,352.8−0.033%$33K25xas long as short
Variational Omni XAU+0.0107%4h4,352.3−0.045%$48.3M$28.1Mas long as short
Aevo XAU-PERP+0.0112%1h4,354−0.005%$161K$8710xas long as short
MEXC XAU_USDT+0.0118%4h4,353.6−0.014%$372.4M$315.3M1000xas long as short
edgeX XAUUSDC+0.0120%4h4,348.3−0.136%$30.3M$58.6M50xas long as short
Binance XAUUSDT+0.0121%4h4,353.7−0.011%$410.9M$2.09B100xas long as short
Phoenix GOLD+0.0121%1h4,351−0.074%$47K$77K25xas long as short
GRVT XAU_USDT_Perp+0.0136%4h4,354−0.004%$1.4M$3.0M25xas long as short
Bullet GOLD-USD+0.0190%1h4,354.4+0.003%$59K$83K10xas long as short
Bybit XAUUSDT+0.0207%4h4,354.9+0.014%$84.0M$145.0M150xas long as short
Bitget XAUUSDT+0.0210%4h4,354.2−0.001%$69.7M$109.1M100xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0233%1h4,352.9−0.031%$259K$701K25xas long as short
OKX XAU-USDT-SWAP+0.0249%8h4,354.8+0.013%$164.6M$282.1M100xas long as short
Kraken Futures PF_XAUUSD+0.0269%1h4,351.6−0.061%$594K$133K25xas long as short
Phemex XAUUSDT+0.0302%4h4,355.7+0.033%$2.2M$1.1M100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0398% / S −0.0206%1h4,354.4+0.003%$251K111xas long as short
HTX XAU-USDT+0.0615%4h4,360.4+0.142%$2.9M$4.2M75xas long as short