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

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0060%/8h= +6.6% APRnext payment +$0.07 per $10,000 · paid last 24h +0.011%
Price spread now: Pacifica against StandX−0.135%7-day average −0.110% · you buy dearer than you sell
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$230.232% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.032%+$3 on $10k
Price spread, last 7 days+0.028%+$3 · spread now −0.135%, 7d avg −0.110%
Together, before fees+0.060%+ Points / potential airdropStandX: Active · Pacifica: Active · farm board+$6 on $10k · with fees, hour by hour
Funding pays, the price is against you. Pacifica is 0.025% cheaper against StandX than usual: you would sell low and buy high (spread −0.135% now, against its 7-day average of −0.110%). If the spread goes back, that is −$3 on $10k: about 33 hours of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.032% in total) that is about 5.5 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongStandX XAU-USD4,329.50.0040pay 0.0005% / 1h57m 48s$3.8M$4.5M40x
ShortPacifica XAU4,323.70.0100get 0.0013% / 1h57m 48s$1.4M$1.2M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica against StandX. 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
$12.6
Price spread: −0.135% → −0.110%
−$2.5
Slippage, 4 orders
−$7.21
Fee StandX: 4 bp × 2 orders
−$8
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$13.11
Costs to cover
0.232%
Break-even
14.3 days
Slippage from StandX: live order book, 1 min ago; Pacifica: live order book, 1 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 StandX live order book, 1 min ago0.12 bp4.1 bp −$44.8 bp −$488.6 bp −$860doesn't fit
Sell Pacifica live order book, 1 min ago0.12 bp4.5 bp −$5doesn't fitdoesn't fitdoesn'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
Bluefin GOLD-PERP−0.0017%1h4,320.4−0.211%$25K$14K20xas long as short
Bybit XAUUSDT0.0000%4h4,325.7−0.088%$77.9M$156.7M150xas long as short
SunX XAU-USDT0.0000%4h4,330.4+0.021%$92K$8.0M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,322.5−0.162%$270K250xas long as short
Extended XAU-USD+0.0032%1h4,321.8−0.178%$13.1M$36.6M25xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4+0.483%$619$5452xas long as short
Lighter XAU+0.0040%1h4,323.2−0.146%$20.4M$30.0M25xas long as short
StandX XAU-USDlong+0.0040%1h4,329.5long leg$3.8M$4.5M40x
QFEX GOLD-USD+0.0042%1h4,326.1−0.079%$5.4M$2.1M20xas long as short
Vest GC-PERP+0.0046%1h4,359.4+0.691%$1.0M25xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff GOLD-PERP+0.0048%1h4,323.4−0.141%$32K25xas long as short
tradeXYZ xyz:GOLD+0.0050%1h4,321.5−0.185%$291.5M$51.6M25xas long as short
Ondo Perps XAU-USD.P+0.0050%1h4,323−0.150%$15.0M$56.2M25xas long as short
Kalshi KXGOLDPERP+0.0066%24h4,327.4−0.049%$3.9M$42.5M15xas long as short
Gate XAU_USDT+0.0068%4h4,327.2−0.054%$270.3M$403.2M100xas long as short
Paradex XAU-USD-PERP+0.0069%8h4,327.4−0.047%$19K$5K5xas long as short
GRVT XAU_USDT_Perp+0.0070%4h4,328.6−0.020%$1.4M$3.0M25xas long as short
Coinbase International GOLD-PERP-INTX+0.0072%1h4,323.6−0.136%$2.0M$4.8M25xas long as short
Lighter RH XAU+0.0080%1h4,325.3−0.098%$19.8M$38.2M25xas long as short
Aster XAUUSD1+0.0081%4h4,326.6−0.067%$72.3M$322.8M20xas long as short
Variational Omni XAU+0.0086%4h4,328.3−0.027%$46.8M$28.8Mas long as short
MEXC XAU_USDT+0.0094%4h4,325.2−0.100%$364.2M$323.6M1000xas long as short
Binance XAUUSDT+0.0096%4h4,324.1−0.126%$412.7M$2.12B100xas long as short
Pacifica XAUshort+0.0100%1h4,323.7−0.135%$1.4M$1.2M10x
ApeX Omni XAUUSDT+0.0100%1h4,327.3−0.050%$272K$208K50xas long as short
Aevo XAU-PERP+0.0104%1h4,325.3−0.096%$160K$8710xas long as short
edgeX XAUUSDC+0.0108%4h4,325.5−0.092%$30.1M$60.7M50xas long as short
Phoenix GOLD+0.0127%1h4,327.4−0.049%$47K$76K25xas long as short
Kraken Futures PF_XAUUSD+0.0153%1h4,323.4−0.140%$589K$130K25xas long as short
Bullet GOLD-USD+0.0182%1h4,326.7−0.064%$59K$82K10xas long as short
RISEx XAU/USDC+0.0184%1h4,327.9−0.038%$3.8M$12.5M25xas long as short
Polymarket Perps GOLD-USD+0.0196%1h4,326.7−0.065%$4.2M$1.9M20xas long as short
HTX XAU-USDT+0.0201%4h4,330+0.012%$2.8M$5.0M75xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0213%1h4,325.4−0.095%$194K$828K25xas long as short
Bitget XAUUSDT+0.0236%4h4,324.5−0.116%$67.9M$119.2M100xas long as short
OKX XAU-USDT-SWAP+0.0319%8h4,325.6−0.090%$170.3M$296.7M100xas long as short
BloFin XAU-USDT+0.0335%4h4,328−0.035%$16.0M$4.5M100xas long as short
Phemex XAUUSDT+0.0388%4h4,328.9−0.013%$2.2M$961K100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0463% / S −0.0307%1h4,326.8−0.062%$253K111xas long as short