Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0237%/8h= −25.9% APRpaid last 24h −0.032%

Price spread now: Pacifica against OKX−0.116%7-day average −0.105% · 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−$20as in the Price arb table

costs, in and out, $10k−$190.191% of the position

Long on OKX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.010%−$1 on $10k

Price spread, last 7 days+0.013%+$1 · spread now −0.116%, 7d avg −0.105%

Together, before fees+0.003%+ Points / potential airdropPacifica: Active · farm board$0 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.105%, so right now this pair is about funding alone: −$7 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.010% in total (about -0.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX XAU-USDT-SWAP	4,351.6	0.0337	pay 0.0337% / 8h	2h 44m	$168.3M	$282.2M	100x
Short	Pacifica XAU	4,346.5	0.0100	get 0.0013% / 1h	44m 28s	$1.4M	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against OKX. 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 OKXbpFee PacificabpOrdersPrice spread, now −0.116%Rate

Funding earned: −$49.73
Price spread: −0.116% → −0.105%: −$1.14
Slippage, 4 orders: −$1.08
Fee OKX: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$69.95
Costs to cover: 0.191%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; Pacifica: live order book, 5 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 OKX live order book, 5 min ago	0.12 bp	5.1 bp −$5	5.1 bp −$51	8.0 bp −$800	17.0 bp −$8,486
Sell Pacifica live order book, 5 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	−0.0046%	1h	4,344.4	−0.165%	$25K	$14K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,354.9	+0.077%	$93K	$8.5M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,346.7	−0.112%	$272K	—	250x	as long as short
Hotstuff GOLD-PERP	+0.0008%	1h	4,347.1	−0.103%	$33K	—	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,346.3	−0.122%	$13.2M	$37.3M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.027%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,351.3	−0.007%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0044%	1h	4,348.9	−0.062%	$5.5M	$2.1M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,383.2	+0.726%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,347.1	−0.103%	$293.7M	$49.5M	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	4,346.6	−0.116%	$15.1M	$56.7M	25x	as long as short
RISEx XAU/USDC	+0.0054%	1h	4,350.8	−0.019%	$3.7M	$12.5M	25x	as long as short
Kalshi KXGOLDPERP	+0.0055%	24h	4,349.5	−0.048%	$4.2M	$39.4M	15x	as long as short
Lighter XAU	+0.0056%	1h	4,349.4	−0.051%	$20.7M	$30.4M	25x	as long as short
Paradex XAU-USD-PERP	+0.0070%	8h	4,350.2	−0.032%	$19K	$5K	5x	as long as short
Gate XAU_USDT	+0.0072%	4h	4,351.7	+0.003%	$271.8M	$397.7M	100x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,348.6	−0.069%	$2.1M	$4.7M	25x	as long as short
Bybit XAUUSDT	+0.0075%	4h	4,351.3	−0.008%	$80.2M	$151.7M	150x	as long as short
Pacifica XAUshort	+0.0100%	1h	4,346.5	−0.116%	$1.4M	$1.2M	10x
ApeX Omni XAUUSDT	+0.0100%	1h	4,347	−0.106%	$277K	$204K	50x	as long as short
Aster XAUUSD1	+0.0105%	4h	4,352.2	+0.013%	$71.6M	$331.1M	20x	as long as short
Variational Omni XAU	+0.0107%	4h	4,349.4	−0.051%	$48.5M	$27.6M	—	as long as short
Lighter RH XAU	+0.0112%	1h	4,351.7	+0.002%	$20.1M	$38.2M	25x	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,349.5	−0.048%	$161K	$87	10x	as long as short
MEXC XAU_USDT	+0.0118%	4h	4,350.2	−0.032%	$370.1M	$318.0M	1000x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0118%	1h	4,349.2	−0.055%	$203K	$822K	25x	as long as short
Binance XAUUSDT	+0.0118%	4h	4,350.2	−0.033%	$418.8M	$2.09B	100x	as long as short
edgeX XAUUSDC	+0.0119%	4h	4,346.1	−0.126%	$30.2M	$58.2M	50x	as long as short
GRVT XAU_USDT_Perp	+0.0120%	4h	4,350.4	−0.026%	$1.4M	$2.9M	25x	as long as short
Phoenix GOLD	+0.0127%	1h	4,347.4	−0.097%	$47K	$77K	25x	as long as short
Bullet GOLD-USD	+0.0158%	1h	4,350.5	−0.025%	$59K	$82K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0169%	1h	4,349.8	−0.041%	$4.3M	$2.0M	20x	as long as short
Phemex XAUUSDT	+0.0197%	4h	4,352.9	+0.030%	$2.2M	$967K	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0246%	1h	4,347.4	−0.097%	$591K	$128K	25x	as long as short
HTX XAU-USDT	+0.0261%	4h	4,352.4	+0.017%	$2.8M	$4.6M	75x	as long as short
Bitget XAUUSDT	+0.0280%	4h	4,350.8	−0.019%	$71.6M	$107.9M	100x	as long as short
OKX XAU-USDT-SWAPlong	+0.0337%	8h	4,351.6	long leg	$168.3M	$282.2M	100x
BloFin XAU-USDT	+0.0370%	4h	4,349.3	−0.054%	$15.9M	$4.4M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0428% / S −0.0252%	1h	4,350.6	−0.023%	$251K	—	111x	as long as short