Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.1027%/8h= +112.5% APRpaid last 24h +0.083%

Price spread now: HTX against Pacifica+0.236%7-day average +0.134% · 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−$15as in the Price arb table

costs, in and out, $10k−$250.253% of the position

Long on Pacifica Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.014%+$1 on $10k

Price spread, last 4 days (all we have)−0.040%−$4 · spread now +0.236%, 7d avg +0.134%

Together, before fees−0.026%+ Points / potential airdropPacifica: Active · farm board−$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$31 a day on $10k at the current rate, and HTX is 0.102% dearer against Pacifica than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.134%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.014% in total (about 0.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica XAU	4,317.8	0.0100	pay 0.0013% / 1h	16m 42s	$1.4M	$1.3M	10x
Short	HTX XAU-USDT	4,328	0.1127	get 0.0564% / 4h	2h 16m	$3.2M	$7.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.236%Rate

Funding earned: $215.72
Price spread: +0.236% → +0.134%: $10.21
Slippage, 4 orders: −$5.34
Fee Pacifica: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: $200.59
Costs to cover: 0.253%
Break-even: 0.5 days

Slippage from Pacifica: live order book, just now; HTX: 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 Pacifica live order book, just now	0.12 bp	4.9 bp −$5	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 5 min ago	0.01 bp	9.2 bp −$9	13.1 bp −$131	20.3 bp −$2,034	33.4 bp −$16.7K

XAU on 39 exchanges

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	4,324.8	+0.163%	$92K	$6.1M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,316.9	−0.021%	$274K	—	250x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0024%	1h	4,316.3	−0.035%	$2.0M	$5.1M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.755%	$619	$54	52x	as long as short
QFEX GOLD-USD	+0.0038%	1h	4,319.6	+0.042%	$6.6M	$3.2M	20x	as long as short
StandX XAU-USD	+0.0040%	1h	4,320.6	+0.065%	$3.8M	$4.5M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,353.4	+0.824%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,318.2	+0.009%	$291.6M	$52.7M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,318.1	+0.006%	$15.0M	$57.5M	25x	as long as short
Paradex XAU-USD-PERP	+0.0055%	8h	4,321	+0.074%	$2K	$13K	5x	as long as short

Show all 39 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx XAU/USDC	+0.0056%	1h	4,322.1	+0.101%	$4.7M	$13.5M	25x	as long as short
Aster XAUUSD1	+0.0068%	4h	4,323.3	+0.128%	$73.6M	$274.4M	20x	as long as short
Phoenix GOLD	+0.0076%	1h	4,318.8	+0.023%	$43K	$72K	25x	as long as short
Hotstuff GOLD-PERP	+0.0088%	1h	4,318.3	+0.012%	$32K	—	25x	as long as short
Gate XAU_USDT	+0.0088%	4h	4,323.8	+0.140%	$300.5M	$444.9M	100x	as long as short
Variational Omni XAU	+0.0090%	4h	4,319	+0.027%	$47.0M	$29.3M	—	as long as short
Lighter XAU	+0.0096%	1h	4,320.8	+0.069%	$20.2M	$30.0M	25x	as long as short
Pacifica XAUlong	+0.0100%	1h	4,317.8	long leg	$1.4M	$1.3M	10x
ApeX Omni XAUUSDT	+0.0100%	1h	4,316.5	−0.031%	$283K	$223K	50x	as long as short
Bluefin GOLD-PERP	+0.0101%	1h	4,315.3	−0.059%	$25K	$1K	20x	as long as short
MEXC XAU_USDT	+0.0112%	4h	4,321.9	+0.094%	$360.2M	$360.0M	1000x	as long as short
GRVT XAU_USDT_Perp	+0.0112%	4h	4,320	+0.051%	$1.4M	$3.0M	25x	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,319.5	+0.039%	$160K	$87	10x	as long as short
Binance XAUUSDT	+0.0113%	4h	4,321.6	+0.088%	$440.2M	$2.37B	100x	as long as short
Bybit XAUUSDT	+0.0116%	4h	4,322.9	+0.118%	$80.5M	$170.9M	150x	as long as short
edgeX XAUUSDC	+0.0124%	4h	4,315.8	−0.047%	$30.1M	$66.3M	50x	as long as short
Kalshi KXGOLDPERP	+0.0130%	24h	4,322.5	+0.109%	$3.5M	$49.7M	15x	as long as short
Polymarket Perps GOLD-USD	+0.0133%	1h	4,319.9	+0.049%	$4.3M	$1.7M	20x	as long as short
Extended XAU-USD	+0.0144%	1h	4,317.6	−0.004%	$12.7M	$34.8M	25x	as long as short
Lighter RH XAU	+0.0152%	1h	4,323.6	+0.134%	$19.8M	$40.3M	25x	as long as short
Bullet GOLD-USD	+0.0200%	1h	4,320.4	+0.060%	$59K	$76K	10x	as long as short
Bitget XAUUSDT	+0.0210%	4h	4,321.9	+0.096%	$74.0M	$134.1M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0237%	1h	4,318.5	+0.016%	$135K	$788K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0243%	8h	4,322.8	+0.116%	$170.6M	$354.0M	100x	as long as short
BloFin XAU-USDT	+0.0353%	4h	4,320.5	+0.061%	$16.2M	$5.3M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0412%	1h	4,317.3	−0.011%	$581K	$165K	25x	as long as short
Phemex XAUUSDT	+0.0455%	4h	4,321.5	+0.086%	$2.2M	$783K	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0459% / S −0.0306%	1h	4,321	+0.074%	$252K	—	111x	as long as short
HTX XAU-USDTshort	+0.1127%	4h	4,328	+0.236%	$3.2M	$7.0M	75x