Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0010%/8h= +1.1% APRpaid last 24h +0.008%

Price spread now: Paradex against Gate−0.093%45s7-day average — · you buy dearer than you sell

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

Long on Gate 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

Funding pays, the price is against you. Paradex is 0.093% cheaper against Gate than usual: you would sell low and buy high (spread −0.093% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 30 days of funding at the current rate ($0 a day). The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XAU_USDT	4,338.5	0.0062	pay 0.0031% / 4h	2h 30m	$273.6M	$403.8M	100x
Short	Paradex XAU-USD-PERP	4,334.5	0.0072	get 0.0072% / 8h	2h 30m	$19K	$5K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Gate. 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 GatebpFee ParadexbpOrdersPrice spread, now −0.093%Rate

Funding earned: $2.17
Price spread: −0.093% → 0.000%: −$9.29
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$26.12
Costs to cover: 0.190%
Break-even: 91.2 days

Slippage unknown: Gate: 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 Gate live order book, 3 min ago	0.01 bp	8.1 bp −$8	9.5 bp −$95	14.2 bp −$1,418	22.4 bp −$11.2K
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	4,337.8	−0.017%	$92K	$8.4M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,330.3	−0.190%	$271K	—	250x	as long as short
Bluefin GOLD-PERP	+0.0015%	1h	4,327.8	−0.248%	$25K	$14K	20x	as long as short
Extended XAU-USD	+0.0032%	1h	4,332.4	−0.141%	$13.2M	$37.2M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.274%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,331.6	−0.160%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0044%	1h	4,333.4	−0.118%	$5.4M	$2.1M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,366.9	+0.654%	—	$1.0M	25x	as long as short
Lighter XAU	+0.0048%	1h	4,336	−0.059%	$20.7M	$30.9M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,332.8	−0.132%	$292.5M	$50.4M	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	4,331	−0.173%	$15.0M	$56.6M	25x	as long as short
RISEx XAU/USDC	+0.0054%	1h	4,334.6	−0.092%	$3.7M	$12.3M	25x	as long as short
Kalshi KXGOLDPERP	+0.0057%	24h	4,335	−0.082%	$4.1M	$40.3M	15x	as long as short
Gate XAU_USDTlong	+0.0062%	4h	4,338.5	long leg	$273.6M	$403.8M	100x
Bybit XAUUSDT	+0.0067%	4h	4,336.7	−0.043%	$79.1M	$154.4M	150x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,332.1	−0.148%	$2.1M	$4.7M	25x	as long as short
Paradex XAU-USD-PERPshort	+0.0072%	8h	4,334.5	−0.093%	$19K	$5K	5x
Lighter RH XAU	+0.0088%	1h	4,338	−0.013%	$20.0M	$38.6M	25x	as long as short
Hotstuff GOLD-PERP	+0.0096%	1h	4,325.6	−0.298%	$32K	—	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,331.1	−0.172%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,328.3	−0.237%	$275K	$204K	50x	as long as short
Variational Omni XAU	+0.0111%	4h	4,333.1	−0.124%	$48.3M	$27.5M	—	as long as short
Aster XAUUSD1	+0.0112%	4h	4,338.2	−0.008%	$71.6M	$331.6M	20x	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,335.7	−0.066%	$161K	$87	10x	as long as short
MEXC XAU_USDT	+0.0120%	4h	4,336.7	−0.044%	$365.7M	$322.1M	1000x	as long as short
Binance XAUUSDT	+0.0121%	4h	4,336.9	−0.037%	$417.7M	$2.13B	100x	as long as short
Phoenix GOLD	+0.0127%	1h	4,333.4	−0.118%	$47K	$77K	25x	as long as short
GRVT XAU_USDT_Perp	+0.0132%	4h	4,332.3	−0.143%	$1.4M	$2.9M	25x	as long as short
edgeX XAUUSDC	+0.0138%	4h	4,329.7	−0.203%	$30.1M	$58.7M	50x	as long as short
Bullet GOLD-USD	+0.0162%	1h	4,334.1	−0.102%	$59K	$82K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0171%	1h	4,334	−0.105%	$4.2M	$2.0M	20x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0212%	1h	4,332.7	−0.135%	$202K	$820K	25x	as long as short
Kraken Futures PF_XAUUSD	+0.0247%	1h	4,331.2	−0.170%	$590K	$130K	25x	as long as short
HTX XAU-USDT	+0.0261%	4h	4,337.5	−0.025%	$2.8M	$4.8M	75x	as long as short
Bitget XAUUSDT	+0.0284%	4h	4,335.8	−0.063%	$72.7M	$111.8M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0338%	8h	4,336.8	−0.040%	$169.9M	$291.3M	100x	as long as short
Phemex XAUUSDT	+0.0362%	4h	4,336.9	−0.039%	$2.2M	$960K	100x	as long as short
BloFin XAU-USDT	+0.0379%	4h	4,334.4	−0.096%	$15.9M	$4.4M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0451% / S −0.0286%	1h	4,333.8	−0.109%	$250K	—	111x	as long as short