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

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC−0.0050%/8h= −5.5% APRnext payment $0.06 per $10,000 · paid last 24h −0.016%
Price spread now: tradeXYZ against Pacifica+0.013%7-day average +0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$280.279% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.004%$0 on $10k
Price spread, last 7 days+0.002%$0 · spread now +0.013%, 7d avg +0.005%
Together, before fees+0.006%+ Points / potential airdropPacifica: Active · tradeXYZ: Active · farm board+$1 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.005%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica XAU4,331.60.0100pay 0.0013% / 1h41m 43s$1.4M$1.3M10x
ShorttradeXYZ xyz:GOLD4,332.20.0050get 0.0006% / 1h41m 43s$292.4M$51.6M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

tradeXYZ 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
−$10.5
Price spread: +0.013% → +0.005%
$0.82
Slippage, 4 orders
−$1.86
Fee Pacifica: 4 bp × 2 orders
−$8
Fee tradeXYZ: 9 bp × 2 orders
−$18
Net
−$37.54
Costs to cover
0.279%
Break-even
never at this rate
Slippage from Pacifica: live order book, just now; tradeXYZ: live order book, 11 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, just now0.35 bp4.9 bp −$5doesn't fitdoesn't fitdoesn't fit
Sell tradeXYZ live order book, 11 min ago0.12 bp9.1 bp −$99.3 bp −$9311.8 bp −$1,176doesn't fit

XAU on 39 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff GOLD-PERP−3.2000%1h4,318.3−0.308%$32K25xas long as short
Bluefin GOLD-PERP−0.0020%1h4,328.2−0.078%$25K$1K20xas long as short
SunX XAU-USDT0.0000%4h4,339.7+0.186%$92K$5.9M20xas long as short
Coinbase International GOLD-PERP-INTX0.0000%1h4,330.6−0.024%$2.1M$5.1M25xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,331−0.014%$304K250xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0004%1h4,333.8+0.050%$135K$707K25xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4+0.434%$619$5452xas long as short
StandX XAU-USD+0.0040%1h4,336.1+0.103%$3.8M$4.5M40xas long as short
QFEX GOLD-USD+0.0041%1h4,334.3+0.062%$6.7M$3.2M20xas long as short
Vest GC-PERP+0.0046%1h4,368.7+0.856%$1.0M25xas long as short
Show all 39 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
tradeXYZ xyz:GOLDshort+0.0050%1h4,332.2+0.013%$292.4M$51.6M25x
Ondo Perps XAU-USD.P+0.0050%1h4,331.1−0.013%$15.1M$59.5M25xas long as short
Aster XAUUSD1+0.0051%4h4,336.3+0.109%$72.3M$275.9M20xas long as short
Paradex XAU-USD-PERP+0.0054%8h4,334.9+0.075%$2K$13K5xas long as short
Lighter XAU+0.0072%1h4,334.5+0.065%$20.2M$30.4M25xas long as short
Variational Omni XAU+0.0074%4h4,333.5+0.044%$47.3M$29.2Mas long as short
Gate XAU_USDT+0.0076%4h4,336.4+0.111%$298.2M$445.3M100xas long as short
Polymarket Perps GOLD-USD+0.0080%1h4,335.2+0.083%$4.3M$1.7M20xas long as short
Lighter RH XAU+0.0088%1h4,336.8+0.118%$19.7M$40.0M25xas long as short
MEXC XAU_USDT+0.0090%4h4,335+0.077%$366.6M$353.5M1000xas long as short
Binance XAUUSDT+0.0090%4h4,334.9+0.076%$441.7M$2.43B100xas long as short
GRVT XAU_USDT_Perp+0.0094%4h4,336.8+0.119%$1.4M$3.1M25xas long as short
Pacifica XAUlong+0.0100%1h4,331.6long leg$1.4M$1.3M10x
ApeX Omni XAUUSDT+0.0100%1h4,334+0.055%$284K$223K50xas long as short
Aevo XAU-PERP+0.0104%1h4,333.7+0.047%$160K$8710xas long as short
edgeX XAUUSDC+0.0108%4h4,330.5−0.027%$30.3M$67.7M50xas long as short
Extended XAU-USD+0.0120%1h4,331.3−0.008%$12.5M$34.6M25xas long as short
Bybit XAUUSDT+0.0122%4h4,336.3+0.107%$82.9M$172.0M150xas long as short
Phoenix GOLD+0.0127%1h4,333.2+0.036%$43K$71K25xas long as short
Kalshi KXGOLDPERP+0.0137%24h4,335.7+0.094%$3.5M$51.1M15xas long as short
Bullet GOLD-USD+0.0161%1h4,335.2+0.083%$59K$76K10xas long as short
RISEx XAU/USDC+0.0205%1h4,335.5+0.090%$4.7M$13.2M25xas long as short
Bitget XAUUSDT+0.0210%4h4,335.1+0.079%$72.9M$139.7M100xas long as short
Phemex XAUUSDT+0.0227%4h4,337.2+0.128%$2.3M$777K100xas long as short
OKX XAU-USDT-SWAP+0.0237%8h4,336.2+0.106%$170.8M$361.3M100xas long as short
Kraken Futures PF_XAUUSD+0.0253%1h4,332.2+0.014%$583K$169K25xas long as short
BloFin XAU-USDT+0.0334%4h4,334.6+0.069%$16.3M$5.3M100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0460% / S −0.0308%1h4,334.6+0.070%$254K111xas long as short
HTX XAU-USDT+0.1070%4h4,341.1+0.219%$3.2M$7.1M75xas long as short