Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h +0.022%

Price spread now: Bybit against Pacifica+0.093%7-day average +0.117% · you sell dearer than you buy

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$220.217% of the position

Long on Pacifica Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.019%+$2 on $10k

Price spread, last 7 days+0.044%+$4 · spread now +0.093%, 7d avg +0.117%

Together, before fees+0.063%+ Points / potential airdropPacifica: Active · farm board+$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bybit is 0.024% cheaper against Pacifica than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.117%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica XAU	4,350.6	0.0100	pay 0.0013% / 1h	45m 45s	$1.4M	$1.3M	10x
Short	Bybit XAUUSDT	4,354.7	0	get 0.0000% / 4h	1h 45m	$82.5M	$141.8M	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Pacifica. 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 PacificabpFee BybitbpOrdersPrice spread, now +0.093%Rate

Funding earned: −$21
Price spread: +0.093% → +0.117%: −$2.42
Slippage, 4 orders: −$2.66
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$45.08
Costs to cover: 0.217%
Break-even: never at this rate

Slippage from Pacifica: live order book, 3 min ago; Bybit: live order book, 3 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 Pacifica live order book, 3 min ago	0.12 bp	5.2 bp −$5	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	0.01 bp	5.5 bp −$6	6.2 bp −$62	14.2 bp −$1,416	41.4 bp −$20.7K

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
Kraken Futures PF_XAUUSD	−0.0175%	1h	4,351.3	+0.016%	$600K	$160K	25x	as long as short
tradeXYZ xyz:GOLD	−0.0053%	1h	4,349.1	−0.034%	$292.8M	$53.5M	25x	as long as short
Aster XAUUSD1	0.0000%	4h	4,354.2	+0.083%	$71.3M	$238.4M	20x	as long as short
Binance XAUUSDT	0.0000%	4h	4,354	+0.077%	$410.5M	$2.09B	100x	as long as short
Bybit XAUUSDTshort	0.0000%	4h	4,354.7	+0.093%	$82.5M	$141.8M	150x
RISEx XAU/USDC	0.0000%	1h	4,353.4	+0.063%	$3.4M	$12.5M	25x	as long as short
Gate XAU_USDT	0.0000%	4h	4,354.6	+0.092%	$271.0M	$407.1M	100x	as long as short
MEXC XAU_USDT	0.0000%	4h	4,353.8	+0.074%	$374.5M	$349.4M	1000x	as long as short
Bitget XAUUSDT	0.0000%	4h	4,353.8	+0.073%	$67.3M	$110.9M	100x	as long as short
Variational Omni XAU	0.0000%	4h	4,351.3	+0.017%	$47.9M	$32.5M	—	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT XAU_USDT_Perp	0.0000%	4h	4,352.5	+0.043%	$1.4M	$3.2M	25x	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,351.9	+0.030%	$4.0M	$34.1M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,357.4	+0.157%	$93K	$10.7M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,350.1	−0.012%	$267K	—	10x	as long as short
QFEX GOLD-USD	+0.0002%	1h	4,352	+0.032%	$5.5M	$1.9M	20x	as long as short
edgeX XAUUSDC	+0.0014%	4h	4,346.6	−0.092%	$30.3M	$58.2M	50x	as long as short
Lighter XAU	+0.0032%	1h	4,352.5	+0.044%	$20.8M	$43.4M	25x	as long as short
Lighter RH XAU	+0.0032%	1h	4,354.5	+0.090%	$20.2M	$41.2M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,350.1	−0.011%	$13.0M	$49.5M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.004%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,353	+0.055%	$3.8M	$4.7M	40x	as long as short
HTX XAU-USDT	+0.0044%	4h	4,356.9	+0.145%	$2.8M	$3.8M	75x	as long as short
Vest GC-PERP	+0.0046%	1h	4,387.5	+0.848%	—	$1.0M	25x	as long as short
Hotstuff GOLD-PERP	+0.0048%	1h	4,348.5	−0.048%	$33K	—	25x	as long as short
Polymarket Perps GOLD-USD	+0.0050%	1h	4,351.8	+0.028%	$4.3M	$1.7M	20x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,349.5	−0.025%	$14.4M	$55.5M	25x	as long as short
Paradex XAU-USD-PERP	+0.0051%	8h	4,353.5	+0.067%	$19K	$6K	5x	as long as short
Aevo XAU-PERP	+0.0080%	1h	4,352.8	+0.051%	$161K	$87	10x	as long as short
Bullet GOLD-USD	+0.0096%	1h	4,353.5	+0.066%	$59K	$84K	10x	as long as short
Pacifica XAUlong	+0.0100%	1h	4,350.6	long leg	$1.4M	$1.3M	10x
ApeX Omni XAUUSDT	+0.0100%	1h	4,349.7	−0.021%	$273K	$204K	50x	as long as short
Phoenix GOLD	+0.0109%	1h	4,348.8	−0.041%	$47K	$65K	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0141%	1h	4,352.2	+0.037%	$221K	$853K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0164%	8h	4,354.3	+0.085%	$158.6M	$267.5M	100x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0208%	1h	4,350.8	+0.005%	$2.0M	$5.1M	25x	as long as short
BloFin XAU-USDT	+0.0240%	4h	4,353.5	+0.067%	$14.8M	$4.3M	100x	as long as short
Phemex XAUUSDT	+0.0316%	4h	4,354.1	+0.081%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0450% / S −0.0246%	1h	4,353.5	+0.066%	$251K	—	29x	as long as short
Bluefin GOLD-PERP	+0.0533%	1h	4,347.7	−0.068%	$26K	$21K	20x	as long as short