Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0009%/8h= −1.0% APRpaid last 24h −0.008%

Price spread now: Pacifica against edgeX+0.037%52s7-day average +0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$190.190% of the position

Long on edgeX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.052%−$5 on $10k

Price spread, last 7 days−0.105%−$10 · spread now +0.037%, 7d avg +0.010%

Together, before fees−0.156%+ Points / potential airdropedgeX: Active · Pacifica: Active · farm board−$16 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Pacifica is 0.027% dearer against edgeX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.010%. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX XAUUSDC	4,319.6	0.0109	pay 0.0054% / 4h	1h 14m	$30.1M	$60.1M	50x
Short	Pacifica XAU	4,321.2	0.0100	get 0.0013% / 1h	14m 26s	$1.4M	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against edgeX. 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 edgeXbpFee PacificabpOrdersPrice spread, now +0.037%Rate

Funding earned: −$1.83
Price spread: +0.037% → +0.010%: $2.73
Slippage, 4 orders: −$1.96
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$18.06
Costs to cover: 0.190%
Break-even: never at this rate

Slippage from edgeX: live order book, 5 min ago; Pacifica: live order book, 5 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 edgeX live order book, 5 min ago	0.23 bp	4.7 bp −$5	4.7 bp −$47	8.6 bp −$860	37.5 bp −$18.8K
Sell Pacifica live order book, 5 min ago	0.12 bp	4.4 bp −$4	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
Bluefin GOLD-PERP	−0.0065%	1h	4,317	−0.059%	$25K	$1K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,328.2	+0.199%	$92K	$7.6M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,319.3	−0.006%	$270K	—	250x	as long as short
Bybit XAUUSDT	+0.0023%	4h	4,325	+0.125%	$77.3M	$154.4M	150x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.714%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,323.4	+0.088%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0042%	1h	4,323.3	+0.086%	$5.4M	$2.0M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,356.3	+0.850%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,320.3	+0.017%	$291.6M	$51.3M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,320.8	+0.028%	$15.0M	$55.6M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster XAUUSD1	+0.0063%	4h	4,326	+0.149%	$72.6M	$274.2M	20x	as long as short
Lighter XAU	+0.0064%	1h	4,323.5	+0.090%	$20.3M	$30.7M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,320.6	+0.024%	$2.1M	$4.9M	25x	as long as short
Paradex XAU-USD-PERP	+0.0078%	8h	4,324.1	+0.104%	$2K	$14K	5x	as long as short
Kalshi KXGOLDPERP	+0.0080%	24h	4,324.5	+0.114%	$3.8M	$43.9M	15x	as long as short
GRVT XAU_USDT_Perp	+0.0090%	4h	4,323.2	+0.084%	$1.4M	$3.0M	25x	as long as short
Variational Omni XAU	+0.0094%	4h	4,322.5	+0.067%	$47.3M	$28.7M	—	as long as short
Phoenix GOLD	+0.0100%	1h	4,321.6	+0.047%	$47K	$79K	25x	as long as short
Pacifica XAUshort	+0.0100%	1h	4,321.2	+0.037%	$1.4M	$1.2M	10x
MEXC XAU_USDT	+0.0100%	4h	4,324.8	+0.121%	$373.9M	$333.3M	1000x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,319.6	0.000%	$272K	$208K	50x	as long as short
Binance XAUUSDT	+0.0101%	4h	4,324.2	+0.107%	$423.1M	$2.14B	100x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,322.8	+0.075%	$160K	$87	10x	as long as short
edgeX XAUUSDClong	+0.0109%	4h	4,319.6	long leg	$30.1M	$60.1M	50x
Lighter RH XAU	+0.0112%	1h	4,325.5	+0.136%	$20.0M	$39.4M	25x	as long as short
Gate XAU_USDT	+0.0118%	4h	4,326	+0.148%	$279.8M	$422.8M	100x	as long as short
Extended XAU-USD	+0.0128%	1h	4,320.8	+0.027%	$12.9M	$36.8M	25x	as long as short
Hotstuff GOLD-PERP	+0.0136%	1h	4,320.5	+0.021%	$32K	—	25x	as long as short
Kraken Futures PF_XAUUSD	+0.0153%	1h	4,320.8	+0.029%	$578K	$146K	25x	as long as short
RISEx XAU/USDC	+0.0184%	1h	4,327.1	+0.174%	$4.1M	$12.8M	25x	as long as short
Bullet GOLD-USD	+0.0187%	1h	4,324.2	+0.107%	$59K	$82K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0216%	1h	4,324	+0.102%	$4.3M	$1.9M	20x	as long as short
Bitget XAUUSDT	+0.0218%	4h	4,323.7	+0.095%	$67.5M	$118.3M	100x	as long as short
HTX XAU-USDT	+0.0272%	4h	4,327.6	+0.186%	$3.0M	$5.4M	75x	as long as short
OKX XAU-USDT-SWAP	+0.0300%	8h	4,325.2	+0.130%	$172.6M	$300.1M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0305%	1h	4,322.9	+0.077%	$191K	$838K	25x	as long as short
Phemex XAUUSDT	+0.0329%	4h	4,326.5	+0.159%	$2.2M	$967K	100x	as long as short
BloFin XAU-USDT	+0.0341%	4h	4,324.6	+0.115%	$16.2M	$4.6M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0462% / S −0.0307%	1h	4,323.7	+0.095%	$252K	—	111x	as long as short