Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0543%/8h= −59.4% APRpaid last 24h −0.038%

Price spread now: Paradex against HTX−0.047%7-day average — · you buy dearer than you sell

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

Long on HTX 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 against this trade now: funding costs −$16 a day on $10k at the current rate, and Paradex is 0.047% cheaper against HTX 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	HTX XAU-USDT	4,352.1	0.0623	pay 0.0311% / 4h	16m 01s	$2.9M	$4.5M	75x
Short	Paradex XAU-USD-PERP	4,350	0.0080	get 0.0080% / 8h	4h 16m	$19K	$5K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against HTX. 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 HTXbpFee ParadexbpOrdersPrice spread, now −0.047%Rate

Funding earned: −$113.95
Price spread: −0.047% → 0.000%: −$4.7
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$134.66
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: HTX: 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 HTX live order book, 3 min ago	0.01 bp	9.0 bp −$9	10.1 bp −$101	15.6 bp −$1,560	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
RISEx XAU/USDC	0.0000%	1h	4,349.9	−0.049%	$3.4M	$12.2M	25x	as long as short
Gate XAU_USDT	0.0000%	4h	4,346.9	−0.119%	$265.1M	$416.3M	100x	as long as short
SunX XAU-USDT	0.0000%	4h	4,354.4	+0.054%	$93K	$8.9M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,346.3	−0.134%	$272K	—	250x	as long as short
Hotstuff GOLD-PERP	+0.0016%	1h	4,347.3	−0.110%	$33K	—	25x	as long as short
Lighter XAU	+0.0032%	1h	4,347.5	−0.106%	$20.8M	$38.2M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,342.7	−0.215%	$13.2M	$38.3M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.038%	$619	$54	52x	as long as short
Lighter RH XAU	+0.0040%	1h	4,349.6	−0.057%	$20.1M	$39.3M	25x	as long as short
StandX XAU-USD	+0.0040%	1h	4,349.9	−0.050%	$3.8M	$4.5M	40x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX GOLD-USD	+0.0041%	1h	4,349.5	−0.059%	$5.7M	$2.0M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,383.2	+0.715%	—	$1.0M	25x	as long as short
Kalshi KXGOLDPERP	+0.0048%	24h	4,347.8	−0.098%	$4.2M	$37.3M	15x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0048%	1h	4,346.2	−0.135%	$2.0M	$4.8M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,344.2	−0.181%	$293.7M	$48.8M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,346.3	−0.133%	$15.1M	$56.8M	25x	as long as short
Aster XAUUSD1	+0.0060%	4h	4,346.8	−0.121%	$71.2M	$333.2M	20x	as long as short
Variational Omni XAU	+0.0075%	4h	4,349.4	−0.060%	$48.4M	$28.0M	—	as long as short
Paradex XAU-USD-PERPshort	+0.0080%	8h	4,350	−0.047%	$19K	$5K	5x
MEXC XAU_USDT	+0.0088%	4h	4,345.7	−0.145%	$371.5M	$319.1M	1000x	as long as short
GRVT XAU_USDT_Perp	+0.0088%	4h	4,351.1	−0.022%	$1.4M	$2.9M	25x	as long as short
Binance XAUUSDT	+0.0089%	4h	4,345.6	−0.149%	$413.3M	$2.10B	100x	as long as short
Pacifica XAU	+0.0100%	1h	4,346.4	−0.131%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,348.9	−0.074%	$275K	$203K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,344.3	−0.178%	$25K	$14K	20x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,349.5	−0.058%	$161K	$87	10x	as long as short
edgeX XAUUSDC	+0.0105%	4h	4,346.9	−0.118%	$30.3M	$58.2M	50x	as long as short
Phoenix GOLD	+0.0142%	1h	4,349	−0.071%	$47K	$77K	25x	as long as short
Polymarket Perps GOLD-USD	+0.0159%	1h	4,349.9	−0.050%	$4.3M	$2.0M	20x	as long as short
Bullet GOLD-USD	+0.0186%	1h	4,350.2	−0.043%	$59K	$82K	10x	as long as short
Kraken Futures PF_XAUUSD	+0.0194%	1h	4,347.1	−0.115%	$593K	$132K	25x	as long as short
Phemex XAUUSDT	+0.0218%	4h	4,351.7	−0.010%	$2.2M	$967K	100x	as long as short
Bitget XAUUSDT	+0.0232%	4h	4,346	−0.139%	$70.0M	$109.4M	100x	as long as short
Bybit XAUUSDT	+0.0240%	4h	4,347.6	−0.103%	$85.2M	$145.4M	150x	as long as short
OKX XAU-USDT-SWAP	+0.0295%	8h	4,348	−0.094%	$165.4M	$282.3M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0302%	1h	4,349.1	−0.068%	$206K	$824K	25x	as long as short
BloFin XAU-USDT	+0.0329%	4h	4,349.5	−0.060%	$15.6M	$4.5M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0417% / S −0.0237%	1h	4,350.2	−0.043%	$248K	—	111x	as long as short
HTX XAU-USDTlong	+0.0623%	4h	4,352.1	long leg	$2.9M	$4.5M	75x