Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0036%/8h= −4.0% APRpaid last 24h −0.008%

Price spread now: Paradex against Aster−0.053%7-day average — · you buy dearer than you sell

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

Long on Aster 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 airdropAster: Stage 5 · Paradex: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Paradex is 0.053% cheaper against Aster than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XAUUSD1	4,342.9	0.0091	pay 0.0045% / 4h	3h 26m	$71.5M	$332.2M	20x
Short	Paradex XAU-USD-PERP	4,340.6	0.0054	get 0.0054% / 8h	3h 26m	$19K	$5K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Aster. 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 AsterbpFee ParadexbpOrdersPrice spread, now −0.053%Rate

Funding earned: −$7.62
Price spread: −0.053% → 0.000%: −$5.34
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$24.96
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 2 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 Aster live order book, 2 min ago	0.01 bp	4.1 bp −$4	4.6 bp −$46	16.8 bp −$1,677	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
SunX XAU-USDT	0.0000%	4h	4,345.8	+0.066%	$92K	$8.6M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,337.6	−0.122%	$271K	—	250x	as long as short
RISEx XAU/USDC	+0.0005%	1h	4,341.2	−0.039%	$3.8M	$12.4M	25x	as long as short
Bybit XAUUSDT	+0.0021%	4h	4,341.8	−0.025%	$79.9M	$152.3M	150x	as long as short
Extended XAU-USD	+0.0032%	1h	4,337	−0.136%	$13.3M	$37.1M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.173%	$619	$54	52x	as long as short
Bluefin GOLD-PERP	+0.0034%	1h	4,335.5	−0.170%	$25K	$14K	20x	as long as short
StandX XAU-USD	+0.0040%	1h	4,342.3	−0.014%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0042%	1h	4,340.3	−0.060%	$5.5M	$2.1M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,374.1	+0.718%	—	$1.0M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XAU	+0.0048%	1h	4,340.3	−0.059%	$20.7M	$34.6M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,338	−0.113%	$293.5M	$49.3M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,338.4	−0.104%	$15.1M	$56.9M	25x	as long as short
Kalshi KXGOLDPERP	+0.0051%	24h	4,339.3	−0.083%	$4.2M	$37.4M	15x	as long as short
Paradex XAU-USD-PERPshort	+0.0054%	8h	4,340.6	−0.053%	$19K	$5K	5x
Lighter RH XAU	+0.0056%	1h	4,342.4	−0.012%	$20.2M	$39.9M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0056%	1h	4,339.5	−0.078%	$2.1M	$4.8M	25x	as long as short
Hotstuff GOLD-PERP	+0.0064%	1h	4,338.2	−0.108%	$33K	—	25x	as long as short
Gate XAU_USDT	+0.0078%	4h	4,343.3	+0.008%	$268.9M	$416.6M	100x	as long as short
Aster XAUUSD1long	+0.0091%	4h	4,342.9	long leg	$71.5M	$332.2M	20x
Variational Omni XAU	+0.0100%	4h	4,341.1	−0.040%	$48.3M	$27.6M	—	as long as short
Pacifica XAU	+0.0100%	1h	4,337.8	−0.117%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,337.5	−0.123%	$274K	$203K	50x	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,340.8	−0.048%	$161K	$87	10x	as long as short
MEXC XAU_USDT	+0.0114%	4h	4,341.1	−0.041%	$370.9M	$320.0M	1000x	as long as short
Binance XAUUSDT	+0.0116%	4h	4,341.1	−0.042%	$417.6M	$2.09B	100x	as long as short
edgeX XAUUSDC	+0.0122%	4h	4,337.8	−0.117%	$30.2M	$58.1M	50x	as long as short
Phoenix GOLD	+0.0136%	1h	4,338.4	−0.104%	$47K	$77K	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0188%	1h	4,339.9	−0.069%	$205K	$827K	25x	as long as short
GRVT XAU_USDT_Perp	+0.0204%	4h	4,341.8	−0.026%	$1.4M	$2.9M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0215%	1h	4,341.6	−0.030%	$4.3M	$1.9M	20x	as long as short
Bullet GOLD-USD	+0.0216%	1h	4,341.7	−0.028%	$59K	$82K	10x	as long as short
Kraken Futures PF_XAUUSD	+0.0259%	1h	4,338.8	−0.095%	$592K	$132K	25x	as long as short
Phemex XAUUSDT	+0.0259%	4h	4,344.5	+0.036%	$2.2M	$967K	100x	as long as short
Bitget XAUUSDT	+0.0262%	4h	4,341.9	−0.023%	$71.0M	$109.2M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0324%	8h	4,342.7	−0.005%	$167.0M	$281.8M	100x	as long as short
BloFin XAU-USDT	+0.0356%	4h	4,341.7	−0.027%	$15.7M	$4.4M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0427% / S −0.0252%	1h	4,341.7	−0.028%	$250K	—	111x	as long as short
HTX XAU-USDT	+0.0596%	4h	4,345.8	+0.066%	$2.8M	$4.6M	75x	as long as short