Settings8H · net · $10k
Funding arb · Price arb /

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0045%/8h= −4.9% APRnext payment $0.06 per $10,000 · paid last 24h +0.007%
Price spread now: Phoenix against Pacifica+0.018%47s7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.088%+$9 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropPacifica: Active · farm boardneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.088%, so the current rate has only just turned against you. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica XAU4,372.80.0100pay 0.0013% / 1h50m 40s$1.4M$1.2M10x
ShortPhoenix GOLD4,373.60.0055get 0.0007% / 1h50m 40s$48K$64K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phoenix 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

Funding earned
−$9.47
Price spread: +0.018% → 0.000%
$1.83
Slippage, 4 orders
no order book: not counted
Fee Pacifica: 4 bp × 2 orders
−$8
Fee Phoenix: 3.5 bp × 2 orders
−$7
Net
−$22.64
Costs to cover
0.150%
Break-even
never at this rate
Slippage unknown: Pacifica: live order book, 3 min ago; Phoenix: 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
LegHalf-spread$10k$100k$1M$5M
Buy Pacifica live order book, 3 min ago0.11 bp6.5 bp −$6doesn't fitdoesn't fitdoesn't fit
Sell Phoenix no order-book sample
Phoenix: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff GOLD-PERP−0.0032%1h4,372.80.000%$33K25xas long as short
Bluefin GOLD-PERP−0.0019%1h4,367.9−0.112%$26K$22K20xas long as short
Aster XAUUSD10.0000%4h4,375.7+0.066%$72.0M$211.0M20xas long as short
Binance XAUUSDT0.0000%4h4,375.8+0.068%$410.2M$2.15B100xas long as short
Gate XAU_USDT0.0000%4h4,377.2+0.101%$266.8M$408.5M100xas long as short
MEXC XAU_USDT0.0000%4h4,376+0.073%$374.1M$321.0M1000xas long as short
Bitget XAUUSDT0.0000%4h4,376.5+0.084%$69.8M$114.4M100xas long as short
Variational Omni XAU0.0000%4h4,374.3+0.035%$48.7M$27.9Mas long as short
Kalshi KXGOLDPERP0.0000%24h4,373.1+0.007%$4.0M$36.6M15xas long as short
SunX XAU-USDT0.0000%4h4,379.3+0.148%$93K$10.4M20xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,371.2−0.036%$268K250xas long as short
edgeX XAUUSDC+0.0007%4h4,369.8−0.068%$30.4M$60.0M50xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4−0.512%$619$5452xas long as short
StandX XAU-USD+0.0040%1h4,376.1+0.075%$3.8M$4.7M40xas long as short
QFEX GOLD-USD+0.0045%1h4,375.1+0.053%$5.6M$1.9M20xas long as short
Vest GC-PERP+0.0046%1h4,409.6+0.842%$1.0M25xas long as short
RISEx XAU/USDC+0.0048%1h4,376.4+0.083%$3.4M$12.3M25xas long as short
tradeXYZ xyz:GOLD+0.0050%1h4,372.9+0.002%$294.8M$52.4M25xas long as short
Ondo Perps XAU-USD.P+0.0050%1h4,371.5−0.029%$14.7M$57.2M25xas long as short
Phoenix GOLDshort+0.0055%1h4,373.6+0.018%$48K$64K25x
Paradex XAU-USD-PERP+0.0067%8h4,376.3+0.079%$19K$5K5xas long as short
Lighter XAU+0.0072%1h4,375.5+0.062%$20.8M$43.3M25xas long as short
Lighter RH XAU+0.0072%1h4,377.9+0.117%$20.3M$40.8M25xas long as short
Aevo XAU-PERP+0.0080%1h4,373.2+0.008%$162K$8710xas long as short
Polymarket Perps GOLD-USD+0.0096%1h4,373.5+0.016%$4.3M$1.8M20xas long as short
Coinbase International GOLD-PERP-INTX+0.0096%1h4,371.1−0.039%$2.0M$5.1M25xas long as short
Pacifica XAUlong+0.0100%1h4,372.8long leg$1.4M$1.2M10x
ApeX Omni XAUUSDT+0.0100%1h4,372.7−0.003%$277K$204K50xas long as short
Extended XAU-USD+0.0104%1h4,372−0.017%$13.3M$44.1M25xas long as short
Bybit XAUUSDT+0.0110%4h4,376.9+0.093%$83.1M$144.3M150xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0116%1h4,373.4+0.014%$236K$655K25xas long as short
OKX XAU-USDT-SWAP+0.0167%8h4,377.3+0.103%$160.8M$280.5M100xas long as short
Bullet GOLD-USD+0.0194%1h4,375.2+0.055%$59K$82K10xas long as short
Kraken Futures PF_XAUUSD+0.0225%1h4,372.3−0.011%$596K$154K25xas long as short
GRVT XAU_USDT_Perp+0.0234%4h4,375.8+0.069%$1.4M$3.1M25xas long as short
BloFin XAU-USDT+0.0240%4h4,375.2+0.056%$14.8M$4.6M100xas long as short
Phemex XAUUSDT+0.0308%4h4,377+0.097%$2.2M$1.1M100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0390% / S −0.0197%1h4,375.2+0.056%$252K111xas long as short
HTX XAU-USDT+0.0521%4h4,379.2+0.147%$2.9M$3.8M75xas long as short