Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h −0.002%

Price spread now: Paradex against ApeX Omni+0.045%7-day average — · you sell dearer than you buy

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

Long on ApeX Omni 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 airdropParadex: Active · farm boardneeds both histories

The price spread pays, funding is against you. Paradex is 0.045% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.045% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni XAUUSDT	4,368.6	0.0100	pay 0.0013% / 1h	15m 36s	$277K	$204K	50x
Short	Paradex XAU-USD-PERP	4,370.5	0.0054	get 0.0054% / 8h	15m 36s	$19K	$5K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against ApeX Omni. 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 ApeX OmnibpFee ParadexbpOrdersPrice spread, now +0.045%Rate

Funding earned: −$9.63
Price spread: +0.045% → 0.000%: $4.49
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$19.14
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: ApeX Omni: live order book, 62 min ago; 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 ApeX Omni live order book, 62 min ago	7.49 bp	16.6 bp −$17	28.1 bp −$281	43.4 bp −$4,342	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	−0.0227%	1h	4,363	−0.128%	$26K	$22K	20x	as long as short
Hotstuff GOLD-PERP	−0.0008%	1h	4,366.9	−0.038%	$33K	—	25x	as long as short
Phoenix GOLD	−0.0004%	1h	4,370.3	+0.040%	$48K	$65K	25x	as long as short
Aster XAUUSD1	0.0000%	4h	4,371.1	+0.058%	$71.9M	$224.9M	20x	as long as short
Binance XAUUSDT	0.0000%	4h	4,370.4	+0.041%	$410.8M	$2.14B	100x	as long as short
Bybit XAUUSDT	0.0000%	4h	4,370.9	+0.054%	$82.7M	$142.6M	150x	as long as short
RISEx XAU/USDC	0.0000%	1h	4,371	+0.057%	$3.4M	$12.3M	25x	as long as short
Gate XAU_USDT	0.0000%	4h	4,371.4	+0.065%	$267.4M	$417.6M	100x	as long as short
MEXC XAU_USDT	0.0000%	4h	4,370.3	+0.041%	$375.4M	$324.1M	1000x	as long as short
Bitget XAUUSDT	0.0000%	4h	4,370.5	+0.044%	$69.6M	$113.4M	100x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni XAU	0.0000%	4h	4,370.5	+0.044%	$48.5M	$29.3M	—	as long as short
GRVT XAU_USDT_Perp	0.0000%	4h	4,371	+0.057%	$1.4M	$3.1M	25x	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,368	−0.013%	$4.0M	$36.2M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,375.3	+0.155%	$93K	$10.6M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,366.6	−0.044%	$268K	—	250x	as long as short
edgeX XAUUSDC	+0.0009%	4h	4,365.9	−0.061%	$30.4M	$59.4M	50x	as long as short
QFEX GOLD-USD	+0.0032%	1h	4,370	+0.033%	$5.4M	$1.9M	20x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.415%	$619	$54	52x	as long as short
Lighter XAU	+0.0040%	1h	4,369.7	+0.026%	$20.7M	$44.9M	25x	as long as short
StandX XAU-USD	+0.0040%	1h	4,371.5	+0.068%	$3.8M	$4.7M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,405.1	+0.837%	—	$1.0M	25x	as long as short
Lighter RH XAU	+0.0048%	1h	4,372.2	+0.083%	$20.2M	$42.3M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,367	−0.035%	$294.2M	$52.5M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,367	−0.036%	$14.7M	$57.0M	25x	as long as short
Paradex XAU-USD-PERPshort	+0.0054%	8h	4,370.5	+0.045%	$19K	$5K	5x
Extended XAU-USD	+0.0056%	1h	4,366.8	−0.041%	$13.1M	$45.5M	25x	as long as short
Aevo XAU-PERP	+0.0080%	1h	4,370.1	+0.036%	$162K	$87	10x	as long as short
Pacifica XAU	+0.0100%	1h	4,367.4	−0.026%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDTlong	+0.0100%	1h	4,368.6	long leg	$277K	$204K	50x
Polymarket Perps GOLD-USD	+0.0104%	1h	4,370	+0.033%	$4.3M	$1.8M	20x	as long as short
Bullet GOLD-USD	+0.0109%	1h	4,370.7	+0.049%	$59K	$81K	10x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0152%	1h	4,370.1	+0.035%	$2.0M	$5.1M	25x	as long as short
OKX XAU-USDT-SWAP	+0.0162%	8h	4,371.4	+0.065%	$158.6M	$274.4M	100x	as long as short
HTX XAU-USDT	+0.0181%	4h	4,377	+0.194%	$2.8M	$3.8M	75x	as long as short
Kraken Futures PF_XAUUSD	+0.0219%	1h	4,367.7	−0.018%	$602K	$137K	25x	as long as short
BloFin XAU-USDT	+0.0240%	4h	4,371	+0.057%	$14.8M	$4.5M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0254%	1h	4,369.1	+0.013%	$235K	$736K	25x	as long as short
Phemex XAUUSDT	+0.0317%	4h	4,370.3	+0.039%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0389% / S −0.0197%	1h	4,370.5	+0.045%	$252K	—	111x	as long as short