Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0043%/8h= +4.7% APRpaid last 24h +0.001%

Price spread now: Pacifica against Aster−0.114%7-day average −0.099% · you buy dearer than you sell

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$170.175% of the position

Long on Aster Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.005%$0 on $10k

Price spread, last 7 days+0.022%+$2 · spread now −0.114%, 7d avg −0.099%

Together, before fees+0.018%+ Points / potential airdropAster: Stage 5 · Pacifica: Active · farm board+$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.099%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XAUUSD1	4,316.5	0.0057	pay 0.0029% / 4h	17m 39s	$72.8M	$272.0M	20x
Short	Pacifica XAU	4,311.6	0.0100	get 0.0013% / 1h	17m 39s	$1.4M	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Aster. 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 AsterbpFee PacificabpOrdersPrice spread, now −0.114%Rate

Funding earned: $9
Price spread: −0.114% → −0.099%: −$1.53
Slippage, 4 orders: −$1.5
Fee Aster: 4 bp × 2 orders: −$8
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$10.03
Costs to cover: 0.175%
Break-even: 14.8 days

Slippage from Aster: live order book, 2 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 Aster live order book, 2 min ago	0.01 bp	4.0 bp −$4	4.4 bp −$44	15.7 bp −$1,570	doesn't fit
Sell Pacifica live order book, 1 min ago	0.12 bp	4.9 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
SunX XAU-USDT	0.0000%	4h	4,321.1	+0.106%	$92K	$7.2M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,313.1	−0.079%	$269K	—	250x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.785%	$619	$54	52x	as long as short
Hotstuff GOLD-PERP	+0.0040%	1h	4,313.3	−0.075%	$32K	—	25x	as long as short
QFEX GOLD-USD	+0.0045%	1h	4,314.5	−0.047%	$5.4M	$2.0M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,348.6	+0.743%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,312.2	−0.100%	$290.8M	$51.5M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,311.9	−0.107%	$15.0M	$55.3M	25x	as long as short
StandX XAU-USD	+0.0051%	1h	4,319.7	+0.073%	$3.8M	$4.5M	40x	as long as short
Aster XAUUSD1long	+0.0057%	4h	4,316.5	long leg	$72.8M	$272.0M	20x

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit XAUUSDT	+0.0062%	4h	4,315.8	−0.016%	$77.7M	$154.3M	150x	as long as short
Bluefin GOLD-PERP	+0.0063%	1h	4,310.5	−0.139%	$25K	$1K	20x	as long as short
Paradex XAU-USD-PERP	+0.0063%	8h	4,314.8	−0.041%	$2K	$14K	5x	as long as short
Lighter XAU	+0.0072%	1h	4,314.5	−0.047%	$20.3M	$30.1M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,312.8	−0.086%	$2.0M	$5.1M	25x	as long as short
Variational Omni XAU	+0.0095%	4h	4,317.1	+0.013%	$47.1M	$29.1M	—	as long as short
Kalshi KXGOLDPERP	+0.0096%	24h	4,318.1	+0.036%	$3.6M	$45.0M	15x	as long as short
Phoenix GOLD	+0.0096%	1h	4,315.6	−0.022%	$42K	$79K	25x	as long as short
Pacifica XAUshort	+0.0100%	1h	4,311.6	−0.114%	$1.4M	$1.2M	10x
ApeX Omni XAUUSDT	+0.0100%	1h	4,315.5	−0.023%	$272K	$209K	50x	as long as short
Lighter RH XAU	+0.0104%	1h	4,316.8	+0.006%	$20.0M	$39.8M	25x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,316.5	−0.001%	$160K	$87	10x	as long as short
MEXC XAU_USDT	+0.0106%	4h	4,315.2	−0.031%	$363.4M	$334.7M	1000x	as long as short
Binance XAUUSDT	+0.0108%	4h	4,315.2	−0.031%	$428.0M	$2.15B	100x	as long as short
GRVT XAU_USDT_Perp	+0.0110%	4h	4,317.2	+0.015%	$1.4M	$3.0M	25x	as long as short
Gate XAU_USDT	+0.0110%	4h	4,317.1	+0.012%	$285.7M	$424.0M	100x	as long as short
Extended XAU-USD	+0.0112%	1h	4,311.1	−0.126%	$13.2M	$36.8M	25x	as long as short
edgeX XAUUSDC	+0.0124%	4h	4,311.9	−0.107%	$30.0M	$60.1M	50x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0144%	1h	4,315.7	−0.019%	$162K	$877K	25x	as long as short
Bitget XAUUSDT	+0.0190%	4h	4,315.2	−0.031%	$70.2M	$120.7M	100x	as long as short
Bullet GOLD-USD	+0.0204%	1h	4,317.1	+0.013%	$59K	$81K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0219%	1h	4,317	+0.011%	$4.3M	$1.8M	20x	as long as short
Kraken Futures PF_XAUUSD	+0.0228%	1h	4,314.6	−0.045%	$574K	$138K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0269%	8h	4,315.5	−0.024%	$174.7M	$303.1M	100x	as long as short
BloFin XAU-USDT	+0.0346%	4h	4,317.5	+0.022%	$16.6M	$4.9M	100x	as long as short
Phemex XAUUSDT	+0.0415%	4h	4,320.3	+0.086%	$2.2M	$977K	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0465% / S −0.0311%	1h	4,317.1	+0.012%	$254K	—	111x	as long as short
HTX XAU-USDT	+0.0502%	4h	4,323.7	+0.167%	$3.2M	$6.0M	75x	as long as short
RISEx XAU/USDC	+0.0643%	1h	4,315.2	−0.031%	$4.5M	$13.4M	25x	as long as short