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

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 10:00 UTC+0.0044%/8h= +4.8% APRnext payment +$0.05 per $10,000 · paid last 24h +0.001%
Price spread now: Pacifica against RISEx−0.197%57s7-day average −0.096% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$190.192% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.060%−$6 on $10k
Price spread, last 7 days+0.118%+$12 · spread now −0.197%, 7d avg −0.096%
Together, before fees+0.057%+ Points / potential airdropPacifica: Active · farm board+$6 on $10k · with fees, hour by hour
Funding pays, the price is against you. Pacifica is 0.101% cheaper against RISEx than usual: you would sell low and buy high (spread −0.197% now, against its 7-day average of −0.096%). If the spread goes back, that is −$10 on $10k: about 7.7 days of funding at the current rate (+$1 a day). Mind the row above: over the last 4 days funding on this pair cost −0.060%, so the current rate has only just turned in your favour. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongRISEx XAU/USDC4,334.80.0056pay 0.0007% / 1h2m 57s$4.7M$13.5M25x
ShortPacifica XAU4,326.30.0100get 0.0013% / 1h2m 57s$1.4M$1.3M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica against RISEx. 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
$9.17
Price spread: −0.197% → −0.096%
−$10.09
Slippage, 4 orders
−$5.21
Fee RISEx: 3 bp × 2 orders
−$6
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$20.14
Costs to cover
0.192%
Break-even
22.4 days
Slippage from RISEx: live order book, 4 min ago; Pacifica: 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 RISEx live order book, 4 min ago1.20 bp4.2 bp −$45.1 bp −$5137.9 bp −$3,793doesn't fit
Sell Pacifica live order book, 4 min ago0.12 bp6.2 bp −$6doesn't fitdoesn't fitdoesn'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−2.0120%1h4,318.3−0.381%$32K25xas long as short
SunX XAU-USDT0.0000%4h4,341.7+0.158%$92K$6.0M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,329.9−0.113%$275K250xas long as short
Coinbase International GOLD-PERP-INTX+0.0024%1h4,331.9−0.068%$2.1M$5.2M25xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4+0.360%$619$5452xas long as short
QFEX GOLD-USD+0.0038%1h4,328.7−0.141%$6.7M$3.2M20xas long as short
StandX XAU-USD+0.0040%1h4,336.9+0.048%$3.8M$4.5M40xas long as short
Vest GC-PERP+0.0046%1h4,363.3+0.657%$1.0M25xas long as short
tradeXYZ xyz:GOLD+0.0050%1h4,332.1−0.063%$292.4M$52.9M25xas long as short
Ondo Perps XAU-USD.P+0.0050%1h4,325.4−0.218%$15.1M$58.0M25xas long as short
Show all 39 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Paradex XAU-USD-PERP+0.0055%8h4,328.8−0.139%$2K$13K5xas long as short
RISEx XAU/USDClong+0.0056%1h4,334.8long leg$4.7M$13.5M25x
Aster XAUUSD1+0.0075%4h4,336.8+0.045%$73.1M$275.4M20xas long as short
Phoenix GOLD+0.0076%1h4,330.5−0.100%$43K$72K25xas long as short
Variational Omni XAU+0.0090%4h4,334.4−0.011%$47.3M$29.4Mas long as short
Lighter XAU+0.0096%1h4,337.2+0.056%$20.3M$30.5M25xas long as short
Pacifica XAUshort+0.0100%1h4,326.3−0.197%$1.4M$1.3M10x
ApeX Omni XAUUSDT+0.0100%1h4,330.9−0.090%$284K$223K50xas long as short
Bluefin GOLD-PERP+0.0100%1h4,325.5−0.214%$25K$1K20xas long as short
Gate XAU_USDT+0.0102%4h4,338.8+0.092%$301.0M$450.9M100xas long as short
Bybit XAUUSDT+0.0107%4h4,337.5+0.062%$80.5M$171.9M150xas long as short
MEXC XAU_USDT+0.0110%4h4,336.3+0.034%$369.6M$367.1M1000xas long as short
Binance XAUUSDT+0.0111%4h4,334.7−0.004%$445.7M$2.41B100xas long as short
Aevo XAU-PERP+0.0112%1h4,330.7−0.096%$160K$8710xas long as short
GRVT XAU_USDT_Perp+0.0116%4h4,333.8−0.023%$1.4M$3.1M25xas long as short
edgeX XAUUSDC+0.0117%4h4,331.5−0.078%$30.3M$66.8M50xas long as short
Kalshi KXGOLDPERP+0.0133%24h4,335.5+0.015%$3.6M$50.7M15xas long as short
Polymarket Perps GOLD-USD+0.0135%1h4,328.6−0.144%$4.3M$1.7M20xas long as short
Extended XAU-USD+0.0144%1h4,332.3−0.059%$12.7M$34.8M25xas long as short
Lighter RH XAU+0.0152%1h4,340.1+0.120%$19.8M$41.1M25xas long as short
Bullet GOLD-USD+0.0196%1h4,329.4−0.126%$59K$76K10xas long as short
Bitget XAUUSDT+0.0218%4h4,337.2+0.054%$74.4M$136.3M100xas long as short
OKX XAU-USDT-SWAP+0.0243%8h4,337.8+0.069%$170.9M$359.3M100xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0304%1h4,334.2−0.015%$135K$748K25xas long as short
Phemex XAUUSDT+0.0307%4h4,338.7+0.090%$2.2M$782K100xas long as short
BloFin XAU-USDT+0.0351%4h4,335.8+0.021%$16.3M$5.3M100xas long as short
Kraken Futures PF_XAUUSD+0.0411%1h4,328.2−0.153%$582K$165K25xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0458% / S −0.0306%1h4,329.4−0.126%$252K111xas long as short
HTX XAU-USDT+0.1121%4h4,343.9+0.208%$3.2M$7.0M75xas long as short