Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0169%/8h= −18.5% APRpaid last 24h −0.059%

Price spread now: Pacifica against HTX−0.161%7-day average −0.131% · you buy dearer than you sell

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$270.268% of the position

Long on HTX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.012%−$1 on $10k

Price spread, last 4 days (all we have)+0.039%+$4 · spread now −0.161%, 7d avg −0.131%

Together, before fees+0.027%+ Points / potential airdropPacifica: Active · farm board+$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Pacifica is 0.030% cheaper against HTX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.131%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX XAU-USDT	4,327.7	0.0269	pay 0.0135% / 4h	1h 16m	$3.0M	$5.4M	75x
Short	Pacifica XAU	4,320.7	0.0100	get 0.0013% / 1h	16m 52s	$1.4M	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against HTX. 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 HTXbpFee PacificabpOrdersPrice spread, now −0.161%Rate

Funding earned: −$35.55
Price spread: −0.161% → −0.131%: −$3.03
Slippage, 4 orders: −$6.84
Fee HTX: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$65.42
Costs to cover: 0.268%
Break-even: never at this rate

Slippage from HTX: live order book, 2 min ago; Pacifica: live order book, 2 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 HTX live order book, 2 min ago	0.01 bp	7.9 bp −$8	11.3 bp −$113	17.1 bp −$1,709	doesn't fit
Sell Pacifica live order book, 2 min ago	0.12 bp	4.4 bp −$4	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	−0.0066%	1h	4,317	−0.246%	$25K	$1K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,327.8	+0.003%	$92K	$7.6M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,319.9	−0.180%	$270K	—	250x	as long as short
Hotstuff GOLD-PERP	+0.0016%	1h	4,320.1	−0.175%	$32K	—	25x	as long as short
Bybit XAUUSDT	+0.0022%	4h	4,324.6	−0.070%	$77.3M	$154.4M	150x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.526%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,323.4	−0.098%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0042%	1h	4,323.3	−0.101%	$5.4M	$2.0M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,356	+0.655%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,319.5	−0.189%	$291.5M	$51.3M	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	4,320	−0.178%	$15.0M	$55.5M	25x	as long as short
Aster XAUUSD1	+0.0065%	4h	4,325.6	−0.048%	$72.5M	$274.4M	20x	as long as short
Lighter XAU	+0.0072%	1h	4,322.4	−0.122%	$20.3M	$30.7M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,319.1	−0.198%	$2.1M	$4.9M	25x	as long as short
Paradex XAU-USD-PERP	+0.0077%	8h	4,324.1	−0.083%	$2K	$14K	5x	as long as short
Kalshi KXGOLDPERP	+0.0079%	24h	4,325.5	−0.050%	$3.8M	$43.9M	15x	as long as short
GRVT XAU_USDT_Perp	+0.0090%	4h	4,323.2	−0.103%	$1.4M	$3.0M	25x	as long as short
Variational Omni XAU	+0.0093%	4h	4,322.6	−0.117%	$47.3M	$28.8M	—	as long as short
Phoenix GOLD	+0.0100%	1h	4,321.6	−0.140%	$47K	$79K	25x	as long as short
Pacifica XAUshort	+0.0100%	1h	4,320.7	−0.161%	$1.4M	$1.2M	10x
MEXC XAU_USDT	+0.0100%	4h	4,323.9	−0.086%	$373.2M	$333.1M	1000x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,319.8	−0.182%	$272K	$208K	50x	as long as short
Binance XAUUSDT	+0.0100%	4h	4,323.8	−0.090%	$423.3M	$2.14B	100x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,323.2	−0.103%	$160K	$87	10x	as long as short
edgeX XAUUSDC	+0.0111%	4h	4,317.6	−0.232%	$30.0M	$60.0M	50x	as long as short
Lighter RH XAU	+0.0112%	1h	4,325.4	−0.053%	$19.9M	$39.1M	25x	as long as short
Gate XAU_USDT	+0.0118%	4h	4,325.6	−0.047%	$281.8M	$421.9M	100x	as long as short
Extended XAU-USD	+0.0120%	1h	4,319.8	−0.181%	$12.9M	$37.0M	25x	as long as short
Kraken Futures PF_XAUUSD	+0.0153%	1h	4,321.3	−0.148%	$578K	$146K	25x	as long as short
RISEx XAU/USDC	+0.0184%	1h	4,326.7	−0.022%	$4.1M	$12.8M	25x	as long as short
Bullet GOLD-USD	+0.0185%	1h	4,324	−0.085%	$59K	$82K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0214%	1h	4,323.8	−0.089%	$4.3M	$1.9M	20x	as long as short
Bitget XAUUSDT	+0.0222%	4h	4,323.3	−0.102%	$67.6M	$118.3M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0259%	1h	4,322.3	−0.124%	$191K	$838K	25x	as long as short
HTX XAU-USDTlong	+0.0269%	4h	4,327.7	long leg	$3.0M	$5.4M	75x
OKX XAU-USDT-SWAP	+0.0301%	8h	4,324.5	−0.073%	$172.6M	$299.5M	100x	as long as short
Phemex XAUUSDT	+0.0323%	4h	4,325.6	−0.048%	$2.2M	$967K	100x	as long as short
BloFin XAU-USDT	+0.0340%	4h	4,323.9	−0.088%	$16.2M	$4.6M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0461% / S −0.0307%	1h	4,323.9	−0.087%	$253K	—	111x	as long as short