Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Pacifica against ApeX Omni−0.057%51s7-day average −0.036% · you buy dearer than you sell

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$440.443% of the position

Long on ApeX Omni Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.058%−$6 on $10k

Price spread, last 4 days (all we have)+0.009%+$1 · spread now −0.057%, 7d avg −0.036%

Together, before fees−0.050%+ Points / potential airdropPacifica: Active · farm board−$5 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Pacifica is 0.021% cheaper against ApeX Omni than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.036%. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni XAUUSDT	4,304	0.0100	pay 0.0013% / 1h	2m 38s	$269K	$214K	50x
Short	Pacifica XAU	4,301.5	0.0100	get 0.0013% / 1h	2m 38s	$1.4M	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against ApeX Omni. 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 ApeX OmnibpFee PacificabpOrdersPrice spread, now −0.057%Rate

Funding earned: $0
Price spread: −0.057% → −0.036%: −$2.11
Slippage, 4 orders: −$26.3
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$46.41
Costs to cover: 0.443%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 35 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 ApeX Omni live order book, 35 min ago	5.20 bp	18.0 bp −$18	28.2 bp −$282	doesn't fit	doesn't fit
Sell Pacifica live order book, 1 min ago	0.12 bp	5.5 bp −$6	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
SunX XAU-USDT	0.0000%	4h	4,311	+0.163%	$92K	$7.0M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,303	−0.022%	$268K	—	250x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+1.080%	$619	$54	52x	as long as short
QFEX GOLD-USD	+0.0045%	1h	4,304.6	+0.015%	$6.6M	$3.1M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,338.8	+0.810%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,301.1	−0.066%	$289.7M	$53.0M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,301	−0.069%	$15.0M	$55.3M	25x	as long as short
Aster XAUUSD1	+0.0057%	4h	4,306	+0.048%	$72.8M	$272.0M	20x	as long as short
Paradex XAU-USD-PERP	+0.0062%	8h	4,304.3	+0.009%	$2K	$14K	5x	as long as short
Bybit XAUUSDT	+0.0071%	4h	4,305.3	+0.030%	$77.4M	$156.1M	150x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XAU	+0.0072%	1h	4,304.1	+0.003%	$20.2M	$30.3M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,301.8	−0.050%	$2.0M	$5.1M	25x	as long as short
Bluefin GOLD-PERP	+0.0086%	1h	4,301.9	−0.047%	$25K	$1K	20x	as long as short
Phoenix GOLD	+0.0096%	1h	4,305.5	+0.036%	$42K	$79K	25x	as long as short
Pacifica XAUshort	+0.0100%	1h	4,301.5	−0.057%	$1.4M	$1.2M	10x
ApeX Omni XAUUSDTlong	+0.0100%	1h	4,304	long leg	$269K	$214K	50x
Kalshi KXGOLDPERP	+0.0100%	24h	4,308.9	+0.115%	$3.6M	$45.5M	15x	as long as short
Variational Omni XAU	+0.0101%	4h	4,306.5	+0.060%	$46.7M	$29.3M	—	as long as short
Lighter RH XAU	+0.0104%	1h	4,306.4	+0.057%	$19.9M	$40.4M	25x	as long as short
Extended XAU-USD	+0.0104%	1h	4,301	−0.069%	$13.1M	$36.7M	25x	as long as short
MEXC XAU_USDT	+0.0110%	4h	4,304.7	+0.017%	$363.1M	$343.5M	1000x	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,306.6	+0.061%	$159K	$87	10x	as long as short
Binance XAUUSDT	+0.0113%	4h	4,304.3	+0.007%	$428.7M	$2.17B	100x	as long as short
GRVT XAU_USDT_Perp	+0.0114%	4h	4,308	+0.094%	$1.4M	$3.0M	25x	as long as short
Gate XAU_USDT	+0.0118%	4h	4,306.7	+0.064%	$286.1M	$433.0M	100x	as long as short
Hotstuff GOLD-PERP	+0.0120%	1h	4,302.8	−0.027%	$32K	—	25x	as long as short
edgeX XAUUSDC	+0.0130%	4h	4,304.2	+0.005%	$29.9M	$60.3M	50x	as long as short
StandX XAU-USD	+0.0174%	1h	4,310.1	+0.143%	$3.8M	$4.5M	40x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0191%	1h	4,305.8	+0.043%	$136K	$866K	25x	as long as short
Bitget XAUUSDT	+0.0192%	4h	4,304.3	+0.009%	$70.6M	$122.0M	100x	as long as short
Bullet GOLD-USD	+0.0199%	1h	4,307	+0.071%	$59K	$81K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0222%	1h	4,307.2	+0.076%	$4.3M	$1.8M	20x	as long as short
Kraken Futures PF_XAUUSD	+0.0229%	1h	4,304.6	+0.016%	$573K	$138K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0258%	8h	4,304.2	+0.006%	$172.3M	$313.1M	100x	as long as short
BloFin XAU-USDT	+0.0373%	4h	4,307.1	+0.072%	$16.6M	$4.9M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0464% / S −0.0311%	1h	4,307	+0.072%	$253K	—	111x	as long as short
Phemex XAUUSDT	+0.0496%	4h	4,311.5	+0.176%	$2.2M	$951K	100x	as long as short
HTX XAU-USDT	+0.0547%	4h	4,314.1	+0.236%	$3.2M	$6.2M	75x	as long as short
RISEx XAU/USDC	+0.0643%	1h	4,304.3	+0.007%	$4.5M	$13.1M	25x	as long as short