XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0170%/8h= −18.6% APRnext payment −$0.21 per $10,000 · paid last 24h −0.056%

Price spread now: Pacifica against Kraken Futures−0.029%7-day average −0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$270.266% of the position

Long on Kraken Futures Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.203%−$20 on $10k

Price spread, last 3 days (all we have)+0.005%$0 · spread now −0.029%, 7d avg −0.011%

Together, before fees−0.198%+ Points / potential airdropPacifica: Active · farm board−$20 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.011%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_XAUUSD	4,345	0.0270	pay 0.0034% / 1h	47m 53s	$593K	$133K	25x
Short	Pacifica XAU	4,343.8	0.0100	get 0.0013% / 1h	47m 53s	$1.4M	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Kraken Futures. 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 Kraken FuturesbpFee PacificabpOrdersPrice spread, now −0.029%Rate

Funding earned: −$35.64
Price spread: −0.029% → −0.011%: −$1.78
Slippage, 4 orders: −$8.61
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$64.03
Costs to cover: 0.266%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 15 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 Kraken Futures live order book, 15 min ago	2.06 bp	7.9 bp −$8	11.3 bp −$113	47.5 bp −$4,752	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 38 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
Hotstuff GOLD-PERP	−0.0040%	1h	4,344.6	−0.010%	$33K	—	25x	as long as short
Bluefin GOLD-PERP	−0.0021%	1h	4,342.1	−0.068%	$25K	$14K	20x	as long as short
Gate XAU_USDT	0.0000%	4h	4,349.8	+0.110%	$264.4M	$406.9M	100x	as long as short
SunX XAU-USDT	0.0000%	4h	4,352.5	+0.171%	$92K	$9.4M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,343.9	−0.026%	$266K	—	250x	as long as short
RISEx XAU/USDC	+0.0010%	1h	4,347.1	+0.048%	$3.4M	$12.4M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,343.8	−0.028%	$13.6M	$40.1M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.124%	$619	$54	52x	as long as short
Kalshi KXGOLDPERP	+0.0037%	24h	4,344.6	−0.010%	$4.2M	$36.4M	15x	as long as short
StandX XAU-USD	+0.0040%	1h	4,349.3	+0.098%	$3.8M	$4.6M	40x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest GC-PERP	+0.0046%	1h	4,380.5	+0.816%	—	$1.0M	25x	as long as short
QFEX GOLD-USD	+0.0046%	1h	4,347.1	+0.047%	$5.6M	$1.9M	20x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0048%	1h	4,343.1	−0.045%	$2.0M	$4.9M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,344.8	−0.006%	$293.3M	$48.8M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,343.7	−0.031%	$15.1M	$57.7M	25x	as long as short
Aster XAUUSD1	+0.0053%	4h	4,349	+0.092%	$70.0M	$331.3M	20x	as long as short
Lighter XAU	+0.0056%	1h	4,346.9	+0.042%	$20.6M	$41.9M	25x	as long as short
Lighter RH XAU	+0.0080%	1h	4,349.9	+0.111%	$20.1M	$39.3M	25x	as long as short
Paradex XAU-USD-PERP	+0.0085%	8h	4,347	+0.045%	$19K	$5K	5x	as long as short
Pacifica XAUshort	+0.0100%	1h	4,343.8	−0.029%	$1.4M	$1.2M	10x
ApeX Omni XAUUSDT	+0.0100%	1h	4,350.6	+0.129%	$275K	$203K	50x	as long as short
Variational Omni XAU	+0.0102%	4h	4,347.9	+0.065%	$48.3M	$27.9M	—	as long as short
Binance XAUUSDT	+0.0104%	4h	4,347.9	+0.065%	$411.2M	$2.10B	100x	as long as short
MEXC XAU_USDT	+0.0108%	4h	4,348.2	+0.073%	$371.3M	$316.5M	1000x	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,347	+0.046%	$161K	$87	10x	as long as short
Polymarket Perps GOLD-USD	+0.0114%	1h	4,346.8	+0.040%	$4.3M	$1.9M	20x	as long as short
GRVT XAU_USDT_Perp	+0.0118%	4h	4,349.4	+0.101%	$1.4M	$3.0M	25x	as long as short
edgeX XAUUSDC	+0.0136%	4h	4,348.4	+0.078%	$30.3M	$58.7M	50x	as long as short
Phoenix GOLD	+0.0136%	1h	4,347.8	+0.063%	$47K	$77K	25x	as long as short
Bybit XAUUSDT	+0.0202%	4h	4,349	+0.091%	$84.4M	$145.2M	150x	as long as short
Bullet GOLD-USD	+0.0204%	1h	4,348.1	+0.071%	$58K	$83K	10x	as long as short
Bitget XAUUSDT	+0.0210%	4h	4,348	+0.069%	$69.6M	$109.3M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0210%	1h	4,346.2	+0.027%	$259K	$703K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0249%	8h	4,349.2	+0.096%	$164.5M	$282.4M	100x	as long as short
Kraken Futures PF_XAUUSDlong	+0.0270%	1h	4,345	long leg	$593K	$133K	25x
Phemex XAUUSDT	+0.0358%	4h	4,351.9	+0.157%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0399% / S −0.0208%	1h	4,348.2	+0.073%	$251K	—	111x	as long as short
HTX XAU-USDT	+0.0587%	4h	4,352	+0.161%	$2.8M	$4.2M	75x	as long as short