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

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC−0.0111%/8h= −12.1% APRnext payment $0.14 per $10,000 · paid last 24h −0.013%
Price spread now: Pacifica against Polymarket Perps−0.084%7-day average −0.017% · you buy dearer than you sell
Net, funding: paid 7d − costs−$16as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$170.170% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.011%+$1 on $10k
Price spread, last 7 days+0.046%+$5 · spread now −0.084%, 7d avg −0.017%
Together, before fees+0.057%+ 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 Pacifica is 0.066% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.017%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps GOLD-USD4,343.80.0211pay 0.0026% / 1h17m 12s$4.3M$2.0M20x
ShortPacifica XAU4,340.20.0100get 0.0013% / 1h17m 12s$1.4M$1.1M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica against Polymarket Perps. 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
−$23.28
Price spread: −0.084% → −0.017%
−$6.65
Slippage, 4 orders
−$1.03
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$46.96
Costs to cover
0.170%
Break-even
never at this rate
Slippage from Polymarket Perps: live order book, 2 min ago; Pacifica: live order book, 2 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 Polymarket Perps live order book, 2 min ago0.12 bp4.1 bp −$44.2 bp −$426.1 bp −$606doesn't fit
Sell Pacifica live order book, 2 min ago0.12 bp4.4 bp −$4doesn't fitdoesn't fitdoesn't fit

XAU on 39 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
SunX XAU-USDT0.0000%4h4,348.1+0.100%$92K$8.6M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,340.3−0.081%$272K250xas long as short
RISEx XAU/USDC+0.0005%1h4,344.2+0.009%$3.8M$12.5M25xas long as short
Bluefin GOLD-PERP+0.0016%1h4,337.7−0.141%$25K$14K20xas long as short
Extended XAU-USD+0.0032%1h4,340.3−0.080%$13.3M$37.2M25xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4+0.152%$619$5452xas long as short
Bybit XAUUSDT+0.0034%4h4,345.3+0.034%$80.0M$152.3M150xas long as short
StandX XAU-USD+0.0040%1h4,344.2+0.009%$3.8M$4.5M40xas long as short
QFEX GOLD-USD+0.0042%1h4,343.6−0.005%$5.6M$2.1M20xas long as short
Vest GC-PERP+0.0046%1h4,376.7+0.757%$1.0M25xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
tradeXYZ xyz:GOLD+0.0050%1h4,340.7−0.071%$293.6M$49.2M25xas long as short
Ondo Perps XAU-USD.P+0.0050%1h4,341.2−0.059%$15.0M$56.9M25xas long as short
Kalshi KXGOLDPERP+0.0051%24h4,341−0.064%$4.3M$37.4M15xas long as short
Lighter XAU+0.0056%1h4,343.4−0.008%$20.7M$34.7M25xas long as short
Hotstuff GOLD-PERP+0.0056%1h4,340.6−0.074%$33K25xas long as short
Coinbase International GOLD-PERP-INTX+0.0056%1h4,339.3−0.104%$2.1M$4.8M25xas long as short
Paradex XAU-USD-PERP+0.0061%8h4,343.9+0.002%$19K$5K5xas long as short
Lighter RH XAU+0.0072%1h4,345.7+0.044%$20.2M$40.1M25xas long as short
Gate XAU_USDT+0.0084%4h4,345.6+0.042%$268.2M$418.0M100xas long as short
Aster XAUUSD1+0.0085%4h4,345+0.027%$71.5M$331.8M20xas long as short
Pacifica XAUshort+0.0100%1h4,340.2−0.084%$1.4M$1.1M10x
ApeX Omni XAUUSDT+0.0100%1h4,341.2−0.061%$274K$203K50xas long as short
Variational Omni XAU+0.0104%4h4,343.9+0.003%$48.3M$27.5Mas long as short
Aevo XAU-PERP+0.0112%1h4,343.4−0.010%$161K$8710xas long as short
MEXC XAU_USDT+0.0118%4h4,344.3+0.012%$371.6M$320.9M1000xas long as short
Binance XAUUSDT+0.0119%4h4,344.3+0.011%$418.4M$2.09B100xas long as short
edgeX XAUUSDC+0.0129%4h4,340.2−0.084%$30.2M$58.2M50xas long as short
Phoenix GOLD+0.0136%1h4,340.5−0.076%$47K$77K25xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0165%1h4,342.7−0.025%$205K$826K25xas long as short
GRVT XAU_USDT_Perp+0.0182%4h4,344.6+0.018%$1.4M$2.9M25xas long as short
Phemex XAUUSDT+0.0185%4h4,347+0.073%$2.2M$967K100xas long as short
Polymarket Perps GOLD-USDlong+0.0211%1h4,343.8long leg$4.3M$2.0M20x
Bullet GOLD-USD+0.0211%1h4,344.1+0.008%$59K$82K10xas long as short
Kraken Futures PF_XAUUSD+0.0259%1h4,340.9−0.066%$592K$132K25xas long as short
Bitget XAUUSDT+0.0268%4h4,344.8+0.024%$71.0M$109.3M100xas long as short
OKX XAU-USDT-SWAP+0.0326%8h4,345+0.028%$167.1M$282.7M100xas long as short
BloFin XAU-USDT+0.0359%4h4,344.2+0.009%$15.7M$4.4M100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0427% / S −0.0252%1h4,344.1+0.007%$250K111xas long as short
HTX XAU-USDT+0.0528%4h4,346.8+0.069%$2.8M$4.6M75xas long as short