Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0018%/8h= −1.9% APRpaid last 24h −0.009%

Price spread now: Paradex against Pacifica+0.083%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Pacifica Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropPacifica: Active · Paradex: Active · farm boardneeds both histories

The price spread pays, funding is against you. Paradex is 0.083% dearer against Pacifica than usual: you sell high and buy low (spread +0.083% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 16 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica XAU	4,338.5	0.0100	pay 0.0013% / 1h	43m 35s	$1.4M	$1.1M	10x
Short	Paradex XAU-USD-PERP	4,342.1	0.0082	get 0.0082% / 8h	3h 43m	$19K	$5K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now +0.083%Rate

Funding earned: −$3.71
Price spread: +0.083% → 0.000%: $8.34
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$7.37
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Pacifica: live order book, just now; Paradex: no order-book sample. Net counts fees only.

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	4.2 bp −$4	doesn't fit	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0031%	1h	4,335.8	−0.062%	$25K	$14K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,346.6	+0.187%	$92K	$8.7M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,338.4	−0.002%	$271K	—	250x	as long as short
RISEx XAU/USDC	+0.0005%	1h	4,341.4	+0.067%	$3.5M	$12.1M	25x	as long as short
Gate XAU_USDT	+0.0006%	4h	4,343.9	+0.124%	$267.7M	$412.9M	100x	as long as short
Lighter RH XAU	+0.0032%	1h	4,343.2	+0.109%	$20.0M	$39.2M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,338.2	−0.008%	$13.3M	$37.9M	25x	as long as short
Hotstuff GOLD-PERP	+0.0032%	1h	4,340.3	+0.041%	$33K	—	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.275%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,343.7	+0.120%	$3.8M	$4.5M	40x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX GOLD-USD	+0.0042%	1h	4,340.5	+0.046%	$5.7M	$2.0M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,375.2	+0.846%	—	$1.0M	25x	as long as short
Lighter XAU	+0.0048%	1h	4,340.6	+0.049%	$20.8M	$34.5M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,339.2	+0.016%	$293.6M	$49.3M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,338.7	+0.004%	$15.1M	$56.9M	25x	as long as short
Kalshi KXGOLDPERP	+0.0051%	24h	4,340.4	+0.044%	$4.3M	$37.5M	15x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0056%	1h	4,340.3	+0.041%	$2.1M	$4.8M	25x	as long as short
Bybit XAUUSDT	+0.0064%	4h	4,343.5	+0.116%	$80.2M	$151.0M	150x	as long as short
Aster XAUUSD1	+0.0076%	4h	4,343.3	+0.110%	$71.4M	$332.4M	20x	as long as short
Paradex XAU-USD-PERPshort	+0.0082%	8h	4,342.1	+0.083%	$19K	$5K	5x
Variational Omni XAU	+0.0087%	4h	4,342.7	+0.098%	$48.3M	$27.7M	—	as long as short
Pacifica XAUlong	+0.0100%	1h	4,338.5	long leg	$1.4M	$1.1M	10x
MEXC XAU_USDT	+0.0100%	4h	4,342.6	+0.094%	$369.4M	$318.7M	1000x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,339.5	+0.024%	$274K	$203K	50x	as long as short
Binance XAUUSDT	+0.0102%	4h	4,342.6	+0.096%	$415.0M	$2.09B	100x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,341.6	+0.071%	$161K	$87	10x	as long as short
edgeX XAUUSDC	+0.0113%	4h	4,338.3	−0.004%	$30.2M	$58.3M	50x	as long as short
Phoenix GOLD	+0.0136%	1h	4,338.8	+0.007%	$47K	$77K	25x	as long as short
GRVT XAU_USDT_Perp	+0.0174%	4h	4,343.4	+0.113%	$1.4M	$2.9M	25x	as long as short
Bullet GOLD-USD	+0.0212%	1h	4,342.7	+0.097%	$59K	$82K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0217%	1h	4,342.6	+0.095%	$4.3M	$2.0M	20x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0234%	1h	4,340.7	+0.051%	$205K	$827K	25x	as long as short
Bitget XAUUSDT	+0.0244%	4h	4,342.5	+0.092%	$71.1M	$109.4M	100x	as long as short
Phemex XAUUSDT	+0.0244%	4h	4,343.9	+0.125%	$2.2M	$967K	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0259%	1h	4,339.5	+0.023%	$592K	$132K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0318%	8h	4,343.7	+0.120%	$166.3M	$281.6M	100x	as long as short
BloFin XAU-USDT	+0.0359%	4h	4,341.7	+0.074%	$15.6M	$4.4M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0427% / S −0.0252%	1h	4,342.7	+0.097%	$250K	—	111x	as long as short
HTX XAU-USDT	+0.0540%	4h	4,347	+0.195%	$2.8M	$4.6M	75x	as long as short