Settings8H · net · $10k
Funding arb · Price arb /

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC−0.0090%/8h= −9.8% APRnext payment $0.11 per $10,000 · paid last 24h +0.012%
Price spread now: RISEx against Pacifica+0.079%7-day average +0.097% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$18as in the Price arb table
costs, in and out, $10k−$160.161% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.056%+$6 on $10k
Price spread, last 7 days+0.055%+$5 · spread now +0.079%, 7d avg +0.097%
Together, before fees+0.111%+ Points / potential airdropPacifica: Active · farm board+$11 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.097%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. Mind the row above: over the last 4 days funding on this pair paid +0.056%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica XAU4,345.30.0100pay 0.0013% / 1h50m 18s$1.4M$1.2M10x
ShortRISEx XAU/USDC4,348.80.0010get 0.0001% / 1h50m 18s$3.4M$12.4M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

RISEx 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

Funding earned
−$18.82
Price spread: +0.079% → +0.097%
−$1.79
Slippage, 4 orders
−$2.1
Fee Pacifica: 4 bp × 2 orders
−$8
Fee RISEx: 3 bp × 2 orders
−$6
Net
−$36.71
Costs to cover
0.161%
Break-even
never at this rate
Slippage from Pacifica: live order book, 4 min ago; RISEx: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Pacifica live order book, 4 min ago0.12 bp4.3 bp −$4doesn't fitdoesn't fitdoesn't fit
Sell RISEx live order book, 4 min ago0.57 bp3.6 bp −$45.1 bp −$5171.5 bp −$7,146doesn't fit

XAU on 38 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bluefin GOLD-PERP−0.0084%1h4,342.4−0.067%$25K$14K20xas long as short
Hotstuff GOLD-PERP−0.0032%1h4,345.5+0.005%$33K25xas long as short
Gate XAU_USDT0.0000%4h4,349.9+0.106%$264.2M$405.8M100xas long as short
SunX XAU-USDT0.0000%4h4,352.7+0.170%$92K$9.4M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,343.7−0.037%$269K250xas long as short
RISEx XAU/USDCshort+0.0010%1h4,348.8+0.079%$3.4M$12.4M25x
Extended XAU-USD+0.0032%1h4,343.7−0.037%$13.6M$40.4M25xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4+0.118%$619$5452xas long as short
Kalshi KXGOLDPERP+0.0037%24h4,346.5+0.028%$4.1M$36.2M15xas long as short
StandX XAU-USD+0.0040%1h4,349.3+0.092%$3.8M$4.6M40xas long as short
Show all 38 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Vest GC-PERP+0.0046%1h4,381.8+0.840%$1.0M25xas long as short
QFEX GOLD-USD+0.0046%1h4,348.1+0.064%$5.6M$1.9M20xas long as short
Lighter XAU+0.0048%1h4,347.5+0.051%$20.6M$41.9M25xas long as short
Coinbase International GOLD-PERP-INTX+0.0048%1h4,346.7+0.032%$2.0M$4.9M25xas long as short
tradeXYZ xyz:GOLD+0.0050%1h4,345.6+0.007%$293.3M$48.6M25xas long as short
Ondo Perps XAU-USD.P+0.0050%1h4,345.2−0.002%$15.1M$57.8M25xas long as short
Aster XAUUSD1+0.0059%4h4,349.4+0.093%$70.1M$329.5M20xas long as short
Lighter RH XAU+0.0072%1h4,349.9+0.105%$20.1M$39.3M25xas long as short
Paradex XAU-USD-PERP+0.0085%8h4,348.3+0.070%$19K$5K5xas long as short
Pacifica XAUlong+0.0100%1h4,345.3long leg$1.4M$1.2M10x
ApeX Omni XAUUSDT+0.0100%1h4,350.6+0.123%$275K$203K50xas long as short
Variational Omni XAU+0.0102%4h4,347.9+0.059%$48.3M$27.9Mas long as short
Polymarket Perps GOLD-USD+0.0107%1h4,347.5+0.051%$4.3M$1.9M20xas long as short
Aevo XAU-PERP+0.0112%1h4,347.8+0.058%$161K$8710xas long as short
MEXC XAU_USDT+0.0114%4h4,348.4+0.072%$371.3M$315.9M1000xas long as short
Binance XAUUSDT+0.0114%4h4,348.3+0.068%$410.1M$2.10B100xas long as short
GRVT XAU_USDT_Perp+0.0132%4h4,353.6+0.191%$1.4M$3.0M25xas long as short
edgeX XAUUSDC+0.0136%4h4,348.4+0.072%$30.3M$58.7M50xas long as short
Phoenix GOLD+0.0136%1h4,352+0.154%$47K$77K25xas long as short
Bullet GOLD-USD+0.0196%1h4,348.5+0.074%$58K$83K10xas long as short
Bybit XAUUSDT+0.0204%4h4,349+0.085%$83.9M$145.0M150xas long as short
Bitget XAUUSDT+0.0210%4h4,348.1+0.064%$69.7M$109.2M100xas long as short
OKX XAU-USDT-SWAP+0.0249%8h4,348.9+0.083%$164.6M$282.4M100xas long as short
Kraken Futures PF_XAUUSD+0.0270%1h4,345.30.000%$593K$133K25xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0279%1h4,346+0.016%$259K$703K25xas long as short
Phemex XAUUSDT+0.0343%4h4,350.5+0.120%$2.2M$1.1M100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0398% / S −0.0207%1h4,348.5+0.074%$251K111xas long as short
HTX XAU-USDT+0.0600%4h4,353.8+0.196%$2.8M$4.2M75xas long as short