Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0070%/8h= +7.7% APRpaid last 24h −0.239%

Price spread now: Paradex against Bluefin+0.175%7-day average — · you sell dearer than you buy

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

Long on Bluefin 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

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Paradex is 0.175% dearer against Bluefin than usual: you sell high and buy low: +$17 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bluefin GOLD-PERP	4,338.1	−0.0005	get 0.0001% / 1h	6m 40s	$25K	$14K	20x
Short	Paradex XAU-USD-PERP	4,345.7	0.0066	get 0.0066% / 8h	3h 06m	$19K	$5K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Bluefin. 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 BluefinbpFee ParadexbpOrdersPrice spread, now +0.175%Rate

Funding earned: $14.76
Price spread: +0.175% → 0.000%: $17.47
Slippage, 4 orders: no order book: not counted
Fee Bluefin: 3.5 bp × 2 orders: −$7
Fee Paradex: 2 bp × 2 orders: −$4
Net: $21.22
Costs to cover: 0.110%
Break-even: from the start

Slippage unknown: Bluefin: no order-book sample; 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 Bluefin no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

Bluefin and 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-PERPlong	−0.0005%	1h	4,338.1	long leg	$25K	$14K	20x
SunX XAU-USDT	0.0000%	4h	4,349.3	+0.256%	$92K	$8.6M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,340.9	+0.063%	$272K	—	250x	as long as short
RISEx XAU/USDC	+0.0005%	1h	4,345.1	+0.161%	$3.7M	$12.5M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,341.4	+0.074%	$13.2M	$37.2M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.283%	$619	$54	52x	as long as short
Hotstuff GOLD-PERP	+0.0040%	1h	4,341.5	+0.077%	$33K	—	25x	as long as short
StandX XAU-USD	+0.0040%	1h	4,345.3	+0.165%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0042%	1h	4,344.1	+0.137%	$5.6M	$2.1M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,377.4	+0.905%	—	$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
tradeXYZ xyz:GOLD	+0.0050%	1h	4,342.5	+0.101%	$293.7M	$49.1M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,342.6	+0.102%	$15.0M	$56.8M	25x	as long as short
Kalshi KXGOLDPERP	+0.0052%	24h	4,341.9	+0.087%	$4.3M	$37.4M	15x	as long as short
Bybit XAUUSDT	+0.0055%	4h	4,346.9	+0.203%	$80.1M	$152.0M	150x	as long as short
Lighter XAU	+0.0056%	1h	4,345	+0.158%	$20.7M	$34.8M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0056%	1h	4,341.7	+0.082%	$2.1M	$4.7M	25x	as long as short
Gate XAU_USDT	+0.0062%	4h	4,347.2	+0.209%	$268.5M	$418.8M	100x	as long as short
Paradex XAU-USD-PERPshort	+0.0066%	8h	4,345.7	+0.175%	$19K	$5K	5x
Lighter RH XAU	+0.0080%	1h	4,347.5	+0.216%	$20.2M	$40.2M	25x	as long as short
Aster XAUUSD1	+0.0097%	4h	4,346.5	+0.192%	$71.5M	$331.5M	20x	as long as short
Pacifica XAU	+0.0100%	1h	4,342	+0.089%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,340.4	+0.052%	$274K	$203K	50x	as long as short
Variational Omni XAU	+0.0105%	4h	4,342.7	+0.104%	$48.4M	$27.5M	—	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,343.9	+0.134%	$161K	$87	10x	as long as short
MEXC XAU_USDT	+0.0118%	4h	4,346	+0.182%	$370.6M	$321.4M	1000x	as long as short
Binance XAUUSDT	+0.0120%	4h	4,346.1	+0.184%	$418.8M	$2.09B	100x	as long as short
edgeX XAUUSDC	+0.0135%	4h	4,340	+0.044%	$30.2M	$57.9M	50x	as long as short
Phoenix GOLD	+0.0136%	1h	4,342	+0.089%	$47K	$77K	25x	as long as short
GRVT XAU_USDT_Perp	+0.0154%	4h	4,343.9	+0.133%	$1.4M	$2.9M	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0188%	1h	4,343.3	+0.119%	$204K	$826K	25x	as long as short
Polymarket Perps GOLD-USD	+0.0204%	1h	4,344.6	+0.149%	$4.2M	$2.0M	20x	as long as short
Bullet GOLD-USD	+0.0206%	1h	4,344.8	+0.153%	$59K	$82K	10x	as long as short
Phemex XAUUSDT	+0.0218%	4h	4,347.6	+0.217%	$2.2M	$967K	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0259%	1h	4,341.8	+0.084%	$590K	$135K	25x	as long as short
Bitget XAUUSDT	+0.0274%	4h	4,346.1	+0.183%	$71.1M	$108.8M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0329%	8h	4,346.9	+0.202%	$167.3M	$283.0M	100x	as long as short
BloFin XAU-USDT	+0.0360%	4h	4,345	+0.159%	$15.7M	$4.4M	100x	as long as short
HTX XAU-USDT	+0.0424%	4h	4,346.8	+0.200%	$2.8M	$4.6M	75x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0428% / S −0.0252%	1h	4,344.8	+0.155%	$250K	—	111x	as long as short