Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: Pacifica against SunX−0.179%7-day average −0.175% · you buy dearer than you sell

Net, funding: paid 7d − costs−$61as in the Funding arb table

Net, price: spread back to 7d avg − costs−$76as in the Price arb table

costs, in and out, $10k−$760.760% of the position

Long on SunX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.152%+$15 on $10k

Price spread, last 4 days (all we have)−0.027%−$3 · spread now −0.179%, 7d avg −0.175%

Together, before fees+0.124%+ Points / potential airdropPacifica: Active · farm board+$12 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.175%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX XAU-USDT	4,328	0	get 0.0000% / 4h	1h 32m	$92K	$7.8M	20x
Short	Pacifica XAU	4,320.2	0.0100	get 0.0013% / 1h	32m 42s	$1.4M	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against SunX. 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 SunXbpFee PacificabpOrdersPrice spread, now −0.179%Rate

Funding earned: $21
Price spread: −0.179% → −0.175%: −$0.36
Slippage, 4 orders: −$59.96
Fee SunX: 4 bp × 2 orders: −$8
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$55.32
Costs to cover: 0.760%
Break-even: 25.4 days

Slippage from SunX: live order book, 6 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy SunX live order book, 6 min ago	26.54 bp	30.5 bp −$31	doesn't fit	doesn't fit	doesn't fit
Sell Pacifica live order book, 1 min ago	0.12 bp	4.6 bp −$5	doesn't fit	doesn't fit	doesn't fit

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
Bluefin GOLD-PERP	−0.0095%	1h	4,316.7	−0.260%	$25K	$14K	20x	as long as short
SunX XAU-USDTlong	0.0000%	4h	4,328	long leg	$92K	$7.8M	20x
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,319.5	−0.196%	$270K	—	250x	as long as short
Bybit XAUUSDT	+0.0003%	4h	4,323.8	−0.097%	$77.4M	$155.2M	150x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.519%	$619	$54	52x	as long as short
Hotstuff GOLD-PERP	+0.0040%	1h	4,319.1	−0.205%	$32K	—	25x	as long as short
StandX XAU-USD	+0.0040%	1h	4,323.2	−0.110%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0042%	1h	4,322.4	−0.128%	$5.4M	$2.1M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,356	+0.648%	—	$1.0M	25x	as long as short
Extended XAU-USD	+0.0048%	1h	4,319.1	−0.206%	$12.9M	$37.0M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:GOLD	+0.0050%	1h	4,319.7	−0.191%	$291.5M	$51.5M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,320.5	−0.174%	$15.0M	$55.6M	25x	as long as short
Lighter XAU	+0.0064%	1h	4,322.2	−0.132%	$20.3M	$30.4M	25x	as long as short
Aster XAUUSD1	+0.0068%	4h	4,324.4	−0.082%	$72.5M	$278.8M	20x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,319.2	−0.202%	$2.1M	$4.9M	25x	as long as short
Paradex XAU-USD-PERP	+0.0073%	8h	4,323.6	−0.101%	$2K	$13K	5x	as long as short
Kalshi KXGOLDPERP	+0.0075%	24h	4,325.5	−0.057%	$3.8M	$43.6M	15x	as long as short
GRVT XAU_USDT_Perp	+0.0082%	4h	4,322.2	−0.133%	$1.4M	$3.0M	25x	as long as short
Variational Omni XAU	+0.0092%	4h	4,321.3	−0.153%	$47.3M	$28.9M	—	as long as short
Gate XAU_USDT	+0.0096%	4h	4,324.8	−0.072%	$282.5M	$415.6M	100x	as long as short
MEXC XAU_USDT	+0.0096%	4h	4,322.7	−0.122%	$364.6M	$330.3M	1000x	as long as short
Binance XAUUSDT	+0.0097%	4h	4,322.7	−0.121%	$416.4M	$2.13B	100x	as long as short
Phoenix GOLD	+0.0100%	1h	4,320.2	−0.179%	$47K	$79K	25x	as long as short
Pacifica XAUshort	+0.0100%	1h	4,320.2	−0.179%	$1.4M	$1.2M	10x
ApeX Omni XAUUSDT	+0.0100%	1h	4,318.3	−0.223%	$272K	$208K	50x	as long as short
edgeX XAUUSDC	+0.0101%	4h	4,316.8	−0.258%	$30.0M	$61.1M	50x	as long as short
Lighter RH XAU	+0.0104%	1h	4,324.7	−0.075%	$19.8M	$38.7M	25x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,323.3	−0.108%	$160K	$87	10x	as long as short
Kraken Futures PF_XAUUSD	+0.0153%	1h	4,321.5	−0.150%	$584K	$134K	25x	as long as short
Bullet GOLD-USD	+0.0177%	1h	4,324.1	−0.089%	$59K	$82K	10x	as long as short
RISEx XAU/USDC	+0.0184%	1h	4,327	−0.021%	$4.2M	$12.8M	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0190%	1h	4,322.5	−0.126%	$192K	$834K	25x	as long as short
Polymarket Perps GOLD-USD	+0.0210%	1h	4,324.2	−0.087%	$4.3M	$1.9M	20x	as long as short
Bitget XAUUSDT	+0.0228%	4h	4,323	−0.116%	$67.8M	$118.6M	100x	as long as short
HTX XAU-USDT	+0.0233%	4h	4,328.6	+0.014%	$2.8M	$4.9M	75x	as long as short
OKX XAU-USDT-SWAP	+0.0309%	8h	4,323.7	−0.098%	$171.3M	$297.7M	100x	as long as short
BloFin XAU-USDT	+0.0337%	4h	4,324.1	−0.089%	$16.1M	$4.6M	100x	as long as short
Phemex XAUUSDT	+0.0343%	4h	4,324.6	−0.078%	$2.2M	$967K	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0463% / S −0.0307%	1h	4,322.4	−0.130%	$252K	—	111x	as long as short