Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h +0.052%

Price spread now: Bitget against Pacifica+0.098%7-day average +0.104% · you sell dearer than you buy

Net, funding: paid 7d − costs−$11as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$220.216% of the position

Long on Pacifica Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.107%+$11 on $10k

Price spread, last 7 days+0.024%+$2 · spread now +0.098%, 7d avg +0.104%

Together, before fees+0.131%+ Points / potential airdropPacifica: Active · farm board+$13 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.104%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.107%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica XAU	4,360.4	0.0100	pay 0.0013% / 1h	8m 26s	$1.4M	$1.2M	10x
Short	Bitget XAUUSDT	4,364.7	0	get 0.0000% / 4h	1h 08m	$67.4M	$109.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Pacifica. 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 PacificabpFee BitgetbpOrdersPrice spread, now +0.098%Rate

Funding earned: −$21
Price spread: +0.098% → +0.104%: −$0.6
Slippage, 4 orders: −$1.63
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$43.23
Costs to cover: 0.216%
Break-even: never at this rate

Slippage from Pacifica: live order book, 1 min ago; Bitget: live order book, 6 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 Pacifica live order book, 1 min ago	0.12 bp	4.9 bp −$5	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 6 min ago	0.01 bp	6.3 bp −$6	7.0 bp −$70	11.7 bp −$1,172	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
Kraken Futures PF_XAUUSD	−0.0175%	1h	4,360.9	+0.012%	$602K	$139K	25x	as long as short
Aster XAUUSD1	0.0000%	4h	4,364.8	+0.101%	$71.5M	$233.8M	20x	as long as short
Binance XAUUSDT	0.0000%	4h	4,364.3	+0.090%	$410.4M	$2.09B	100x	as long as short
Bybit XAUUSDT	0.0000%	4h	4,365.4	+0.114%	$82.9M	$141.7M	150x	as long as short
RISEx XAU/USDC	0.0000%	1h	4,364	+0.082%	$3.4M	$12.4M	25x	as long as short
Gate XAU_USDT	0.0000%	4h	4,365.2	+0.110%	$269.5M	$411.2M	100x	as long as short
MEXC XAU_USDT	0.0000%	4h	4,364.5	+0.094%	$376.8M	$354.1M	1000x	as long as short
Bitget XAUUSDTshort	0.0000%	4h	4,364.7	+0.098%	$67.4M	$109.9M	100x
Variational Omni XAU	0.0000%	4h	4,360.3	−0.003%	$48.5M	$31.3M	—	as long as short
GRVT XAU_USDT_Perp	0.0000%	4h	4,357.5	−0.066%	$1.4M	$3.0M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kalshi KXGOLDPERP	0.0000%	24h	4,359.8	−0.014%	$4.0M	$34.4M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,366.9	+0.148%	$93K	$10.7M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,361.5	+0.026%	$268K	—	250x	as long as short
QFEX GOLD-USD	+0.0002%	1h	4,362	+0.037%	$5.6M	$1.7M	20x	as long as short
edgeX XAUUSDC	+0.0018%	4h	4,355.3	−0.118%	$30.3M	$57.9M	50x	as long as short
tradeXYZ xyz:GOLD	+0.0018%	1h	4,360.3	−0.002%	$293.4M	$52.7M	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0025%	1h	4,361.7	+0.030%	$235K	$734K	25x	as long as short
Lighter XAU	+0.0032%	1h	4,363.4	+0.069%	$21.0M	$44.6M	25x	as long as short
Lighter RH XAU	+0.0032%	1h	4,365	+0.105%	$20.3M	$42.1M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,360.6	+0.005%	$13.1M	$46.4M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.229%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,362.7	+0.053%	$3.8M	$4.7M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,398.6	+0.876%	—	$1.0M	25x	as long as short
Paradex XAU-USD-PERP	+0.0050%	8h	4,364.1	+0.084%	$19K	$6K	5x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,360.5	+0.002%	$14.4M	$55.6M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0053%	1h	4,362.4	+0.046%	$4.3M	$1.7M	20x	as long as short
Hotstuff GOLD-PERP	+0.0064%	1h	4,358.9	−0.034%	$33K	—	25x	as long as short
Aevo XAU-PERP	+0.0080%	1h	4,361.7	+0.030%	$162K	$87	10x	as long as short
Bullet GOLD-USD	+0.0099%	1h	4,364.5	+0.095%	$60K	$85K	10x	as long as short
Pacifica XAUlong	+0.0100%	1h	4,360.4	long leg	$1.4M	$1.2M	10x
ApeX Omni XAUUSDT	+0.0100%	1h	4,355.1	−0.121%	$273K	$199K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,355.4	−0.114%	$26K	$21K	20x	as long as short
Phoenix GOLD	+0.0109%	1h	4,357.5	−0.067%	$48K	$65K	25x	as long as short
HTX XAU-USDT	+0.0109%	4h	4,365.9	+0.125%	$2.8M	$3.8M	75x	as long as short
OKX XAU-USDT-SWAP	+0.0157%	8h	4,365.8	+0.124%	$158.5M	$269.3M	100x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0208%	1h	4,358.7	−0.039%	$2.0M	$5.1M	25x	as long as short
BloFin XAU-USDT	+0.0240%	4h	4,362.7	+0.054%	$14.8M	$4.3M	100x	as long as short
Phemex XAUUSDT	+0.0275%	4h	4,363.2	+0.064%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0389% / S −0.0197%	1h	4,363.1	+0.063%	$252K	—	111x	as long as short