Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0011%/8h= +1.2% APRpaid last 24h +0.021%

Price spread now: Paradex against Kalshi+0.052%7-day average — · you sell dearer than you buy

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

Long on Kalshi 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 $0 a day on $10k at the current rate, and Paradex is 0.052% dearer against Kalshi than usual: you sell high and buy low: +$5 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	Kalshi KXGOLDPERP	4,341.9	0.0051	pay 0.0154% / 24h	9h 13m	$4.3M	$37.4M	15x
Short	Paradex XAU-USD-PERP	4,344.2	0.0063	get 0.0063% / 8h	3h 13m	$19K	$5K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Kalshi. 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 KalshibpFee ParadexbpOrdersPrice spread, now +0.052%Rate

Funding earned: $2.35
Price spread: +0.052% → 0.000%: $5.2
Slippage, 4 orders: no order book: not counted
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$6.44
Costs to cover: 0.140%
Break-even: 26.2 days

Slippage unknown: Kalshi: live order book, 6 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 Kalshi live order book, 6 min ago	0.12 bp	5.1 bp −$5	5.2 bp −$52	8.7 bp −$866	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
SunX XAU-USDT	0.0000%	4h	4,348.6	+0.154%	$92K	$8.6M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,340.4	−0.035%	$272K	—	250x	as long as short
RISEx XAU/USDC	+0.0005%	1h	4,344.8	+0.067%	$3.8M	$12.5M	25x	as long as short
Bluefin GOLD-PERP	+0.0007%	1h	4,337.5	−0.102%	$25K	$14K	20x	as long as short
Extended XAU-USD	+0.0032%	1h	4,340.4	−0.035%	$13.3M	$37.2M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.196%	$619	$54	52x	as long as short
Hotstuff GOLD-PERP	+0.0040%	1h	4,340.6	−0.030%	$33K	—	25x	as long as short
StandX XAU-USD	+0.0040%	1h	4,345.5	+0.083%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0042%	1h	4,344.1	+0.051%	$5.6M	$2.1M	20x	as long as short
Bybit XAUUSDT	+0.0043%	4h	4,345.3	+0.079%	$79.9M	$152.1M	150x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest GC-PERP	+0.0046%	1h	4,377	+0.808%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,341.2	−0.016%	$293.7M	$49.2M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,341.6	−0.007%	$15.0M	$56.8M	25x	as long as short
Kalshi KXGOLDPERPlong	+0.0051%	24h	4,341.9	long leg	$4.3M	$37.4M	15x
Lighter XAU	+0.0056%	1h	4,343.4	+0.035%	$20.7M	$34.7M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0056%	1h	4,339.3	−0.060%	$2.1M	$4.7M	25x	as long as short
Paradex XAU-USD-PERPshort	+0.0063%	8h	4,344.2	+0.052%	$19K	$5K	5x
Gate XAU_USDT	+0.0074%	4h	4,345.7	+0.087%	$268.3M	$418.4M	100x	as long as short
Lighter RH XAU	+0.0080%	1h	4,345.8	+0.091%	$20.2M	$40.1M	25x	as long as short
Aster XAUUSD1	+0.0095%	4h	4,346	+0.094%	$71.5M	$331.7M	20x	as long as short
Pacifica XAU	+0.0100%	1h	4,340.5	−0.031%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,340.8	−0.024%	$274K	$203K	50x	as long as short
Variational Omni XAU	+0.0107%	4h	4,343.1	+0.027%	$48.4M	$27.5M	—	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,343.5	+0.037%	$161K	$87	10x	as long as short
MEXC XAU_USDT	+0.0118%	4h	4,344.4	+0.058%	$371.6M	$320.9M	1000x	as long as short
Binance XAUUSDT	+0.0120%	4h	4,344.5	+0.059%	$418.7M	$2.09B	100x	as long as short
edgeX XAUUSDC	+0.0123%	4h	4,340.4	−0.034%	$30.2M	$58.3M	50x	as long as short
Phoenix GOLD	+0.0136%	1h	4,341.8	−0.002%	$47K	$77K	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0165%	1h	4,343	+0.025%	$205K	$825K	25x	as long as short
GRVT XAU_USDT_Perp	+0.0172%	4h	4,344.3	+0.056%	$1.4M	$2.9M	25x	as long as short
Phemex XAUUSDT	+0.0182%	4h	4,347	+0.118%	$2.2M	$967K	100x	as long as short
Polymarket Perps GOLD-USD	+0.0207%	1h	4,344.2	+0.053%	$4.3M	$2.0M	20x	as long as short
Bullet GOLD-USD	+0.0209%	1h	4,344.4	+0.059%	$59K	$82K	10x	as long as short
Kraken Futures PF_XAUUSD	+0.0259%	1h	4,341	−0.020%	$592K	$132K	25x	as long as short
Bitget XAUUSDT	+0.0270%	4h	4,345	+0.072%	$71.1M	$109.2M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0327%	8h	4,345.4	+0.081%	$167.2M	$282.6M	100x	as long as short
BloFin XAU-USDT	+0.0359%	4h	4,344.1	+0.050%	$15.7M	$4.4M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0428% / S −0.0252%	1h	4,344.4	+0.059%	$250K	—	111x	as long as short
HTX XAU-USDT	+0.0488%	4h	4,346.8	+0.113%	$2.8M	$4.6M	75x	as long as short