Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0191%/8h= −20.9% APRpaid last 24h −0.065%

Price spread now: Paradex against Kraken Futures+0.055%7-day average — · you sell dearer than you buy

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

Long on Kraken Futures 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

The price spread pays, funding is against you. Paradex is 0.055% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.055% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 23 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_XAUUSD	4,345.3	0.0270	pay 0.0034% / 1h	1m 53s	$593K	$133K	25x
Short	Paradex XAU-USD-PERP	4,347.7	0.0079	get 0.0079% / 8h	5h 01m	$19K	$5K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Kraken Futures. 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 Kraken FuturesbpFee ParadexbpOrdersPrice spread, now +0.055%Rate

Funding earned: −$40.06
Price spread: +0.055% → 0.000%: $5.49
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$48.57
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 61 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 Kraken Futures live order book, 61 min ago	2.06 bp	7.9 bp −$8	11.3 bp −$113	47.5 bp −$4,752	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	4,352	+0.154%	$92K	$9.1M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,343.5	−0.041%	$266K	—	250x	as long as short
Gate XAU_USDT	+0.0004%	4h	4,349.7	+0.102%	$264.5M	$418.5M	100x	as long as short
RISEx XAU/USDC	+0.0010%	1h	4,347.8	+0.058%	$3.4M	$12.3M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,344	−0.029%	$13.4M	$38.7M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.118%	$619	$54	52x	as long as short
Hotstuff GOLD-PERP	+0.0040%	1h	4,345	−0.006%	$33K	—	25x	as long as short
StandX XAU-USD	+0.0040%	1h	4,345.7	+0.010%	$3.8M	$4.6M	40x	as long as short
Aster XAUUSD1	+0.0041%	4h	4,348.2	+0.068%	$70.9M	$334.1M	20x	as long as short
Kalshi KXGOLDPERP	+0.0041%	24h	4,345.9	+0.014%	$4.1M	$37.1M	15x	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	4,380.6	+0.813%	—	$1.0M	25x	as long as short
QFEX GOLD-USD	+0.0046%	1h	4,347.3	+0.047%	$5.7M	$2.0M	20x	as long as short
Lighter XAU	+0.0048%	1h	4,346.7	+0.034%	$20.6M	$42.7M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0048%	1h	4,344.9	−0.009%	$2.0M	$4.9M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,345.1	−0.004%	$293.9M	$48.9M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,344.6	−0.016%	$15.1M	$56.8M	25x	as long as short
Lighter RH XAU	+0.0056%	1h	4,348.8	+0.081%	$20.1M	$39.9M	25x	as long as short
Variational Omni XAU	+0.0057%	4h	4,346	+0.017%	$48.5M	$27.7M	—	as long as short
GRVT XAU_USDT_Perp	+0.0058%	4h	4,346.5	+0.029%	$1.4M	$3.0M	25x	as long as short
MEXC XAU_USDT	+0.0074%	4h	4,348	+0.063%	$371.1M	$320.9M	1000x	as long as short
edgeX XAUUSDC	+0.0075%	4h	4,342.6	−0.062%	$30.2M	$58.6M	50x	as long as short
Binance XAUUSDT	+0.0076%	4h	4,348	+0.063%	$411.1M	$2.10B	100x	as long as short
Paradex XAU-USD-PERPshort	+0.0079%	8h	4,347.7	+0.055%	$19K	$5K	5x
Aevo XAU-PERP	+0.0096%	1h	4,347	+0.039%	$161K	$87	10x	as long as short
Pacifica XAU	+0.0100%	1h	4,344.1	−0.027%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,344.1	−0.027%	$274K	$203K	50x	as long as short
Polymarket Perps GOLD-USD	+0.0118%	1h	4,347.2	+0.044%	$4.3M	$1.9M	20x	as long as short
Phoenix GOLD	+0.0136%	1h	4,346	+0.017%	$47K	$77K	25x	as long as short
Phemex XAUUSDT	+0.0191%	4h	4,349.6	+0.100%	$2.2M	$1.0M	100x	as long as short
Bullet GOLD-USD	+0.0193%	1h	4,348	+0.063%	$59K	$83K	10x	as long as short
Bybit XAUUSDT	+0.0212%	4h	4,349.3	+0.092%	$84.4M	$145.4M	150x	as long as short
Bitget XAUUSDT	+0.0218%	4h	4,348.6	+0.076%	$70.2M	$109.4M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0263%	8h	4,349.5	+0.097%	$165.4M	$283.4M	100x	as long as short
Kraken Futures PF_XAUUSDlong	+0.0270%	1h	4,345.3	long leg	$593K	$133K	25x
BloFin XAU-USDT	+0.0302%	4h	4,347.9	+0.059%	$15.7M	$4.6M	100x	as long as short
Bluefin GOLD-PERP	+0.0341%	1h	4,342.1	−0.072%	$25K	$14K	20x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0349%	1h	4,346.4	+0.026%	$268K	$767K	25x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0406% / S −0.0221%	1h	4,347.9	+0.061%	$248K	—	111x	as long as short
HTX XAU-USDT	+0.0595%	4h	4,353.5	+0.190%	$2.9M	$4.3M	75x	as long as short