Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.009%

Price spread now: Paradex against Injective−0.674%7-day average — · you buy dearer than you sell

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

Long on Injective 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 0.674% cheaper against Injective than usual: you would sell low and buy high (spread −0.674% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$67 on $10k: about 56 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective XAU/USDC PERP	4,350.4	0.0033	pay 0.0004% / 1h	46m 36s	$619	$54	52x
Short	Paradex XAU-USD-PERP	4,321.1	0.0074	get 0.0074% / 8h	1h 46m	$19K	$5K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Injective. 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 InjectivebpFee ParadexbpOrdersPrice spread, now −0.674%Rate

Funding earned: $8.49
Price spread: −0.674% → 0.000%: −$67.38
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$62.91
Costs to cover: 0.040%
Break-even: 58.9 days

Slippage unknown: Injective: 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 Injective no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

Injective 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-PERP	−0.0093%	1h	4,313.8	−0.843%	$25K	$14K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,324.1	−0.604%	$92K	$8.0M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,316.6	−0.777%	$270K	—	250x	as long as short
Bybit XAUUSDT	+0.0010%	4h	4,322.4	−0.643%	$77.4M	$156.9M	150x	as long as short
Extended XAU-USD	+0.0032%	1h	4,317.2	−0.763%	$13.2M	$36.6M	25x	as long as short
Injective XAU/USDC PERPlong	+0.0033%	1h	4,350.4	long leg	$619	$54	52x
StandX XAU-USD	+0.0040%	1h	4,321.7	−0.660%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0042%	1h	4,319.6	−0.708%	$5.4M	$2.1M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,353.5	+0.071%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,317.4	−0.759%	$291.3M	$51.7M	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	4,317.5	−0.757%	$15.0M	$55.7M	25x	as long as short
Lighter XAU	+0.0056%	1h	4,320.2	−0.695%	$20.3M	$30.3M	25x	as long as short
Kalshi KXGOLDPERP	+0.0070%	24h	4,322.1	−0.651%	$3.9M	$43.3M	15x	as long as short
Hotstuff GOLD-PERP	+0.0072%	1h	4,317.5	−0.757%	$32K	—	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,317.7	−0.752%	$2.1M	$4.9M	25x	as long as short
Paradex XAU-USD-PERPshort	+0.0074%	8h	4,321.1	−0.674%	$19K	$5K	5x
Aster XAUUSD1	+0.0079%	4h	4,321.6	−0.662%	$72.4M	$309.0M	20x	as long as short
GRVT XAU_USDT_Perp	+0.0082%	4h	4,321.1	−0.673%	$1.4M	$3.0M	25x	as long as short
Gate XAU_USDT	+0.0086%	4h	4,323.5	−0.620%	$282.0M	$411.3M	100x	as long as short
Variational Omni XAU	+0.0093%	4h	4,320.2	−0.694%	$47.3M	$29.3M	—	as long as short
Lighter RH XAU	+0.0096%	1h	4,323.2	−0.627%	$19.8M	$38.4M	25x	as long as short
Phoenix GOLD	+0.0100%	1h	4,319.8	−0.704%	$47K	$79K	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,317.4	−0.759%	$1.4M	$1.2M	10x	as long as short
MEXC XAU_USDT	+0.0100%	4h	4,320.8	−0.681%	$363.1M	$326.9M	1000x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,320.1	−0.697%	$272K	$208K	50x	as long as short
Binance XAUUSDT	+0.0101%	4h	4,321.5	−0.665%	$415.1M	$2.14B	100x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,319.4	−0.713%	$160K	$87	10x	as long as short
edgeX XAUUSDC	+0.0113%	4h	4,318.4	−0.736%	$30.1M	$61.2M	50x	as long as short
Kraken Futures PF_XAUUSD	+0.0154%	1h	4,316.9	−0.771%	$587K	$131K	25x	as long as short
RISEx XAU/USDC	+0.0184%	1h	4,323.4	−0.622%	$4.2M	$12.8M	25x	as long as short
Bullet GOLD-USD	+0.0195%	1h	4,320.6	−0.686%	$59K	$82K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0216%	1h	4,321.6	−0.662%	$4.2M	$1.9M	20x	as long as short
HTX XAU-USDT	+0.0218%	4h	4,322.8	−0.636%	$2.8M	$4.9M	75x	as long as short
Bitget XAUUSDT	+0.0236%	4h	4,321.8	−0.658%	$68.0M	$119.3M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0306%	1h	4,319	−0.722%	$192K	$831K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0315%	8h	4,322.3	−0.646%	$170.2M	$297.3M	100x	as long as short
BloFin XAU-USDT	+0.0341%	4h	4,322.3	−0.648%	$16.2M	$4.4M	100x	as long as short
Phemex XAUUSDT	+0.0408%	4h	4,323.2	−0.625%	$2.2M	$962K	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0463% / S −0.0307%	1h	4,320.7	−0.684%	$252K	—	111x	as long as short