XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0028%/8h= −3.1% APRnext payment −$0.03 per $10,000 · paid last 24h −0.004%

Price spread now: Coinbase International against Pacifica+0.044%7-day average −0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs+$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$16as in the Price arb table

costs, in and out, $10k−$220.225% of the position

Long on Pacifica Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.402%+$40 on $10k

Price spread, last 4 days (all we have)−0.037%−$4 · spread now +0.044%, 7d avg −0.020%

Together, before fees+0.365%+ Points / potential airdropPacifica: Active · farm board+$36 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.064% dearer against Pacifica than usual: you sell high and buy low (spread +0.044% now, against its 7-day average of −0.020%): +$6 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 7.7 days. Mind the row above: over the last 7 days funding on this pair paid +0.402%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica XAU	4,320	0.0100	pay 0.0013% / 1h	55m 15s	$1.4M	$1.2M	10x
Short	Coinbase International GOLD-PERP-INTX	4,321.9	0.0072	get 0.0009% / 1h	55m 15s	$2.1M	$4.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.044%Rate

Funding earned: −$5.88
Price spread: +0.044% → −0.020%: $6.45
Slippage, 4 orders: −$4.46
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$21.89
Costs to cover: 0.225%
Break-even: never at this rate

Slippage from Pacifica: live order book, 4 min ago; Coinbase International: live order book, 4 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, 4 min ago	0.12 bp	5.0 bp −$5	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 4 min ago	1.16 bp	6.3 bp −$6	8.1 bp −$81	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	−0.0063%	1h	4,318	−0.046%	$25K	$1K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,328.3	+0.191%	$92K	$7.5M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,320.1	+0.001%	$270K	—	250x	as long as short
Bybit XAUUSDT	+0.0025%	4h	4,326	+0.139%	$77.0M	$153.6M	150x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.704%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,326	+0.139%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0045%	1h	4,323.2	+0.074%	$5.4M	$2.0M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,356.2	+0.838%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,320.3	+0.007%	$291.4M	$51.6M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,319.7	−0.007%	$15.0M	$55.7M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XAU	+0.0056%	1h	4,323.8	+0.087%	$20.3M	$28.8M	25x	as long as short
Hotstuff GOLD-PERP	+0.0056%	1h	4,320.6	+0.014%	$32K	—	25x	as long as short
Aster XAUUSD1	+0.0060%	4h	4,326	+0.139%	$72.7M	$272.8M	20x	as long as short
Coinbase International GOLD-PERP-INTXshort	+0.0072%	1h	4,321.9	+0.044%	$2.1M	$4.8M	25x
Paradex XAU-USD-PERP	+0.0072%	8h	4,323.3	+0.076%	$2K	$14K	5x	as long as short
Kalshi KXGOLDPERP	+0.0086%	24h	4,324.9	+0.113%	$3.8M	$44.2M	15x	as long as short
Variational Omni XAU	+0.0094%	4h	4,323.8	+0.087%	$47.3M	$29.1M	—	as long as short
GRVT XAU_USDT_Perp	+0.0098%	4h	4,324.7	+0.109%	$1.4M	$3.0M	25x	as long as short
Phoenix GOLD	+0.0100%	1h	4,319.5	−0.012%	$47K	$79K	25x	as long as short
Pacifica XAUlong	+0.0100%	1h	4,320	long leg	$1.4M	$1.2M	10x
MEXC XAU_USDT	+0.0100%	4h	4,324	+0.091%	$365.0M	$324.5M	1000x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,322.3	+0.053%	$272K	$208K	50x	as long as short
Binance XAUUSDT	+0.0101%	4h	4,324.5	+0.103%	$424.7M	$2.14B	100x	as long as short
Gate XAU_USDT	+0.0102%	4h	4,325.4	+0.125%	$279.4M	$408.5M	100x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,323.3	+0.077%	$160K	$87	10x	as long as short
edgeX XAUUSDC	+0.0107%	4h	4,318.6	−0.033%	$30.1M	$59.3M	50x	as long as short
Lighter RH XAU	+0.0120%	1h	4,326.3	+0.147%	$20.0M	$38.6M	25x	as long as short
Extended XAU-USD	+0.0144%	1h	4,320	0.000%	$13.1M	$36.5M	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0167%	1h	4,322.9	+0.067%	$163K	$861K	25x	as long as short
Bullet GOLD-USD	+0.0197%	1h	4,323.9	+0.090%	$59K	$81K	10x	as long as short
Bitget XAUUSDT	+0.0204%	4h	4,324.2	+0.096%	$69.3M	$118.4M	100x	as long as short
Polymarket Perps GOLD-USD	+0.0210%	1h	4,323.7	+0.086%	$4.3M	$2.0M	20x	as long as short
Kraken Futures PF_XAUUSD	+0.0228%	1h	4,321.5	+0.034%	$578K	$136K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0292%	8h	4,325.4	+0.125%	$173.4M	$299.9M	100x	as long as short
BloFin XAU-USDT	+0.0341%	4h	4,324.8	+0.111%	$16.4M	$4.6M	100x	as long as short
HTX XAU-USDT	+0.0351%	4h	4,330.3	+0.237%	$3.2M	$5.8M	75x	as long as short
Phemex XAUUSDT	+0.0362%	4h	4,325.9	+0.137%	$2.2M	$975K	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0462% / S −0.0307%	1h	4,324.6	+0.106%	$253K	—	111x	as long as short
RISEx XAU/USDC	+0.0643%	1h	4,325.8	+0.134%	$4.1M	$13.0M	25x	as long as short