Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0070%/8h= −7.7% APRpaid last 24h +0.002%

Price spread now: Paradex against Extended+0.069%7-day average — · you sell dearer than you buy

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

Long on Extended 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 airdropExtended: Active · Paradex: Active · farm boardneeds both histories

The price spread pays, funding is against you. Paradex is 0.069% dearer against Extended than usual: you sell high and buy low (spread +0.069% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$2 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	Extended XAU-USD	4,322.8	0.0136	pay 0.0017% / 1h	36m 19s	$13.2M	$36.7M	25x
Short	Paradex XAU-USD-PERP	4,325.7	0.0066	get 0.0066% / 8h	36m 19s	$2K	$14K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Extended. 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 ExtendedbpFee ParadexbpOrdersPrice spread, now +0.069%Rate

Funding earned: −$14.71
Price spread: +0.069% → 0.000%: $6.91
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$16.8
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Extended: live order book, 3 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 Extended live order book, 3 min ago	0.12 bp	2.6 bp −$3	3.9 bp −$39	8.0 bp −$799	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	−0.0150%	1h	4,320.5	−0.052%	$25K	$1K	20x	as long as short
Hotstuff GOLD-PERP	0.0000%	1h	4,322.7	−0.001%	$32K	—	25x	as long as short
SunX XAU-USDT	0.0000%	4h	4,330.5	+0.180%	$92K	$7.3M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,322.7	−0.001%	$270K	—	250x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.640%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,327.8	+0.117%	$3.8M	$4.5M	40x	as long as short
Bybit XAUUSDT	+0.0044%	4h	4,327.7	+0.114%	$77.6M	$153.1M	150x	as long as short
QFEX GOLD-USD	+0.0045%	1h	4,324.6	+0.043%	$5.4M	$2.0M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,359.5	+0.850%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,323.2	+0.010%	$291.8M	$51.5M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps XAU-USD.P	+0.0050%	1h	4,322.4	−0.009%	$15.0M	$55.7M	25x	as long as short
Aster XAUUSD1	+0.0057%	4h	4,327.9	+0.119%	$72.9M	$272.0M	20x	as long as short
Lighter XAU	+0.0064%	1h	4,325.7	+0.068%	$20.4M	$29.1M	25x	as long as short
Paradex XAU-USD-PERPshort	+0.0066%	8h	4,325.7	+0.069%	$2K	$14K	5x
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,322.8	+0.001%	$2.1M	$4.8M	25x	as long as short
Kalshi KXGOLDPERP	+0.0091%	24h	4,327.8	+0.117%	$3.8M	$44.5M	15x	as long as short
Variational Omni XAU	+0.0091%	4h	4,327	+0.098%	$47.2M	$29.3M	—	as long as short
Phoenix GOLD	+0.0096%	1h	4,323.8	+0.024%	$47K	$79K	25x	as long as short
MEXC XAU_USDT	+0.0098%	4h	4,326.8	+0.092%	$364.1M	$327.0M	1000x	as long as short
GRVT XAU_USDT_Perp	+0.0098%	4h	4,326.6	+0.089%	$1.4M	$3.1M	25x	as long as short
Binance XAUUSDT	+0.0099%	4h	4,326.7	+0.092%	$425.7M	$2.13B	100x	as long as short
Pacifica XAU	+0.0100%	1h	4,322.9	+0.003%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,324.3	+0.035%	$272K	$208K	50x	as long as short
Gate XAU_USDT	+0.0104%	4h	4,328.9	+0.142%	$281.8M	$414.6M	100x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,325.9	+0.072%	$160K	$87	10x	as long as short
edgeX XAUUSDC	+0.0113%	4h	4,323.5	+0.017%	$30.1M	$59.5M	50x	as long as short
Lighter RH XAU	+0.0120%	1h	4,328.2	+0.125%	$20.0M	$39.0M	25x	as long as short
Extended XAU-USDlong	+0.0136%	1h	4,322.8	long leg	$13.2M	$36.7M	25x
Bitget XAUUSDT	+0.0194%	4h	4,326.9	+0.095%	$70.2M	$118.6M	100x	as long as short
Bullet GOLD-USD	+0.0204%	1h	4,326.8	+0.094%	$58K	$81K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0218%	1h	4,327	+0.098%	$4.3M	$2.0M	20x	as long as short
Kraken Futures PF_XAUUSD	+0.0228%	1h	4,323.6	+0.021%	$578K	$135K	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0236%	1h	4,325.3	+0.059%	$163K	$870K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0277%	8h	4,327	+0.098%	$173.8M	$299.4M	100x	as long as short
BloFin XAU-USDT	+0.0339%	4h	4,326.7	+0.091%	$16.4M	$4.6M	100x	as long as short
Phemex XAUUSDT	+0.0358%	4h	4,329.5	+0.156%	$2.2M	$974K	100x	as long as short
HTX XAU-USDT	+0.0401%	4h	4,331.9	+0.211%	$3.2M	$5.9M	75x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0462% / S −0.0307%	1h	4,326.7	+0.091%	$253K	—	111x	as long as short
RISEx XAU/USDC	+0.0643%	1h	4,326.7	+0.092%	$4.6M	$13.3M	25x	as long as short