Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.012%

Price spread now: Gate against Pacifica+0.103%7-day average +0.125% · you sell dearer than you buy

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$250.254% of the position

Long on Pacifica Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.085%−$9 on $10k

Price spread, last 7 days+0.062%+$6 · spread now +0.103%, 7d avg +0.125%

Together, before fees−0.023%+ Points / potential airdropPacifica: Active · farm board−$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Gate is 0.023% cheaper against Pacifica than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.125%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica XAU	4,357.9	0.0100	pay 0.0013% / 1h	25m 33s	$1.4M	$1.1M	10x
Short	Gate XAU_USDT	4,362.4	0	get 0.0000% / 4h	3h 25m	$265.3M	$415.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.103%Rate

Funding earned: −$21
Price spread: +0.103% → +0.125%: −$2.26
Slippage, 4 orders: −$2.44
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$48.7
Costs to cover: 0.254%
Break-even: never at this rate

Slippage from Pacifica: live order book, 3 min ago; Gate: live order book, 3 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, 3 min ago	0.34 bp	4.6 bp −$5	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	0.01 bp	8.7 bp −$9	10.2 bp −$102	13.1 bp −$1,312	14.4 bp −$7,193

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
Aster XAUUSD1	0.0000%	4h	4,361.5	+0.082%	$71.1M	$200.2M	20x	as long as short
Gate XAU_USDTshort	0.0000%	4h	4,362.4	+0.103%	$265.3M	$415.7M	100x
Kalshi KXGOLDPERP	0.0000%	24h	4,359	+0.025%	$4.0M	$36.6M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,366.5	+0.197%	$93K	$10.2M	20x	as long as short
Variational Omni XAU	0.0000%	4h	4,360.4	+0.058%	$47.8M	$28.1M	—	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,357.8	−0.002%	$267K	—	250x	as long as short
MEXC XAU_USDT	+0.0018%	4h	4,361.6	+0.084%	$373.1M	$327.6M	1000x	as long as short
Binance XAUUSDT	+0.0021%	4h	4,361.5	+0.083%	$411.9M	$2.15B	100x	as long as short
edgeX XAUUSDC	+0.0023%	4h	4,356.2	−0.040%	$30.3M	$60.3M	50x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.172%	$619	$54	52x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX XAU-USD	+0.0040%	1h	4,362.9	+0.115%	$3.8M	$4.7M	40x	as long as short
QFEX GOLD-USD	+0.0045%	1h	4,361.2	+0.076%	$5.6M	$1.9M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,395.8	+0.870%	—	$1.0M	25x	as long as short
RISEx XAU/USDC	+0.0048%	1h	4,361.6	+0.084%	$3.4M	$12.3M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,358.4	+0.011%	$293.9M	$52.6M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,356.6	−0.029%	$14.7M	$57.2M	25x	as long as short
Phoenix GOLD	+0.0055%	1h	4,358.5	+0.014%	$48K	$64K	25x	as long as short
Hotstuff GOLD-PERP	+0.0056%	1h	4,358.5	+0.014%	$33K	—	25x	as long as short
Bitget XAUUSDT	+0.0056%	4h	4,362	+0.093%	$69.6M	$113.3M	100x	as long as short
BloFin XAU-USDT	+0.0072%	4h	4,363.5	+0.127%	$15.5M	$4.5M	100x	as long as short
Lighter XAU	+0.0072%	1h	4,360.7	+0.064%	$20.6M	$44.1M	25x	as long as short
Paradex XAU-USD-PERP	+0.0081%	8h	4,361.4	+0.081%	$19K	$5K	5x	as long as short
Aevo XAU-PERP	+0.0088%	1h	4,360.7	+0.064%	$161K	$87	10x	as long as short
Lighter RH XAU	+0.0096%	1h	4,362.9	+0.115%	$20.2M	$41.0M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0096%	1h	4,357.8	−0.002%	$2.0M	$5.1M	25x	as long as short
Pacifica XAUlong	+0.0100%	1h	4,357.9	long leg	$1.4M	$1.1M	10x
ApeX Omni XAUUSDT	+0.0100%	1h	4,357.8	−0.003%	$275K	$204K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,354.9	−0.070%	$26K	$22K	20x	as long as short
Extended XAU-USD	+0.0104%	1h	4,357.6	−0.008%	$13.5M	$43.8M	25x	as long as short
Bybit XAUUSDT	+0.0113%	4h	4,362.1	+0.096%	$83.0M	$143.8M	150x	as long as short
Polymarket Perps GOLD-USD	+0.0126%	1h	4,360.8	+0.067%	$4.3M	$1.8M	20x	as long as short
GRVT XAU_USDT_Perp	+0.0154%	4h	4,362	+0.093%	$1.4M	$3.1M	25x	as long as short
OKX XAU-USDT-SWAP	+0.0198%	8h	4,362.2	+0.099%	$163.8M	$288.7M	100x	as long as short
Bullet GOLD-USD	+0.0213%	1h	4,362.3	+0.102%	$59K	$81K	10x	as long as short
Kraken Futures PF_XAUUSD	+0.0225%	1h	4,358.7	+0.018%	$594K	$151K	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0232%	1h	4,360.3	+0.055%	$235K	$656K	25x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0388% / S −0.0197%	1h	4,362.2	+0.098%	$252K	—	111x	as long as short
Phemex XAUUSDT	+0.0471%	4h	4,365.1	+0.166%	$2.2M	$1.1M	100x	as long as short
HTX XAU-USDT	+0.0602%	4h	4,366.9	+0.207%	$2.9M	$3.9M	75x	as long as short