Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: Pacifica against SunX−0.190%7-day average −0.175% · you buy dearer than you sell

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$68as in the Price arb table

costs, in and out, $10k−$660.662% of the position

Long on SunX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.152%+$15 on $10k

Price spread, last 4 days (all we have)−0.034%−$3 · spread now −0.190%, 7d avg −0.175%

Together, before fees+0.117%+ Points / potential airdropPacifica: Active · farm board+$12 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.175%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX XAU-USDT	4,335.9	0	get 0.0000% / 4h	2h 03m	$92K	$8.1M	20x
Short	Pacifica XAU	4,327.7	0.0100	get 0.0013% / 1h	3m 29s	$1.4M	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against SunX. 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 SunXbpFee PacificabpOrdersPrice spread, now −0.190%Rate

Funding earned: $21
Price spread: −0.190% → −0.175%: −$1.49
Slippage, 4 orders: −$50.17
Fee SunX: 4 bp × 2 orders: −$8
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$46.65
Costs to cover: 0.662%
Break-even: 22.6 days

Slippage from SunX: live order book, 6 min ago; Pacifica: live order book, 1 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 SunX live order book, 6 min ago	23.56 bp	27.6 bp −$28	40.5 bp −$405	doesn't fit	doesn't fit
Sell Pacifica live order book, 1 min ago	0.12 bp	4.5 bp −$5	doesn't fit	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
Bybit XAUUSDT	0.0000%	4h	4,330	−0.137%	$78.3M	$156.3M	150x	as long as short
SunX XAU-USDTlong	0.0000%	4h	4,335.9	long leg	$92K	$8.1M	20x
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,329	−0.161%	$271K	—	250x	as long as short
Extended XAU-USD	+0.0032%	1h	4,327.5	−0.196%	$13.1M	$36.7M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.334%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,333.5	−0.056%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0044%	1h	4,329.8	−0.142%	$5.4M	$2.1M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,362.9	+0.622%	—	$1.0M	25x	as long as short
Lighter XAU	+0.0048%	1h	4,330.1	−0.136%	$20.4M	$31.8M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,325.2	−0.248%	$291.7M	$51.6M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps XAU-USD.P	+0.0050%	1h	4,326.8	−0.211%	$15.0M	$56.4M	25x	as long as short
RISEx XAU/USDC	+0.0054%	1h	4,332.1	−0.089%	$3.8M	$12.5M	25x	as long as short
Gate XAU_USDT	+0.0060%	4h	4,332.4	−0.081%	$270.3M	$419.9M	100x	as long as short
Hotstuff GOLD-PERP	+0.0064%	1h	4,328.8	−0.165%	$32K	—	25x	as long as short
Kalshi KXGOLDPERP	+0.0065%	24h	4,333	−0.068%	$3.9M	$42.3M	15x	as long as short
Paradex XAU-USD-PERP	+0.0069%	8h	4,330.9	−0.115%	$19K	$5K	5x	as long as short
Lighter RH XAU	+0.0072%	1h	4,332.4	−0.081%	$19.9M	$39.0M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,328.2	−0.179%	$2.0M	$4.8M	25x	as long as short
Aster XAUUSD1	+0.0088%	4h	4,330.9	−0.117%	$72.3M	$329.7M	20x	as long as short
GRVT XAU_USDT_Perp	+0.0098%	4h	4,336.1	+0.003%	$1.4M	$3.0M	25x	as long as short
Pacifica XAUshort	+0.0100%	1h	4,327.7	−0.190%	$1.4M	$1.2M	10x
ApeX Omni XAUUSDT	+0.0100%	1h	4,330.6	−0.123%	$273K	$208K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,326.3	−0.223%	$25K	$14K	20x	as long as short
Variational Omni XAU	+0.0101%	4h	4,334.6	−0.031%	$46.8M	$28.7M	—	as long as short
Binance XAUUSDT	+0.0104%	4h	4,329.4	−0.151%	$413.9M	$2.12B	100x	as long as short
MEXC XAU_USDT	+0.0106%	4h	4,330.6	−0.123%	$364.4M	$331.5M	1000x	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,331.2	−0.110%	$160K	$87	10x	as long as short
edgeX XAUUSDC	+0.0112%	4h	4,330.1	−0.134%	$30.1M	$60.5M	50x	as long as short
Phoenix GOLD	+0.0127%	1h	4,332.8	−0.072%	$47K	$77K	25x	as long as short
Bullet GOLD-USD	+0.0158%	1h	4,332.3	−0.084%	$59K	$82K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0173%	1h	4,329.2	−0.155%	$4.2M	$2.0M	20x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0212%	1h	4,331.2	−0.109%	$195K	$826K	25x	as long as short
HTX XAU-USDT	+0.0216%	4h	4,334.8	−0.027%	$2.8M	$5.0M	75x	as long as short
Bitget XAUUSDT	+0.0244%	4h	4,329.4	−0.151%	$68.0M	$118.9M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0247%	1h	4,328.8	−0.165%	$589K	$130K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0324%	8h	4,329.6	−0.146%	$170.5M	$297.0M	100x	as long as short
BloFin XAU-USDT	+0.0381%	4h	4,332.4	−0.083%	$16.0M	$4.5M	100x	as long as short
Phemex XAUUSDT	+0.0382%	4h	4,334.6	−0.030%	$2.2M	$962K	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0462% / S −0.0305%	1h	4,332.4	−0.083%	$253K	—	111x	as long as short