Settings8H · net · $10k
Funding arb · Price arb /

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0001%/8h= +0.1% APRpaid last 24h −0.010%
Price spread now: Paradex against Lighter RH−0.070%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropLighter RH: Points live · Paradex: Active · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.070% cheaper against Lighter RH than usual: you would sell low and buy high, −$7 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter RH XAU4,334.70.0072pay 0.0009% / 1h10m 53s$19.9M$38.9M25x
ShortParadex XAU-USD-PERP4,331.70.0073get 0.0073% / 8h2h 10m$19K$5K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paradex against Lighter RH. 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

Funding earned
$0.13
Price spread: −0.070% → 0.000%
−$6.97
Slippage, 4 orders
no order book: not counted
Fee Lighter RH: 0 bp × 2 orders
$0
Fee Paradex: 2 bp × 2 orders
−$4
Net
−$10.85
Costs to cover
0.040%
Break-even
610.5 days
Slippage unknown: Lighter RH: 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
LegHalf-spread$10k$100k$1M$5M
Buy Lighter RH live order book, 3 min ago1.24 bp1.2 bp −$11.4 bp −$1416.8 bp −$1,682doesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bluefin GOLD-PERP−0.0042%1h4,325.2−0.220%$25K$14K20xas long as short
SunX XAU-USDT0.0000%4h4,337.2+0.057%$92K$8.2M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,328.3−0.146%$271K250xas long as short
Bybit XAUUSDT+0.0006%4h4,334.4−0.008%$78.4M$156.7M150xas long as short
Extended XAU-USD+0.0032%1h4,329.7−0.116%$13.1M$36.8M25xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4+0.363%$619$5452xas long as short
StandX XAU-USD+0.0040%1h4,330−0.108%$3.8M$4.5M40xas long as short
QFEX GOLD-USD+0.0044%1h4,330−0.108%$5.4M$2.1M20xas long as short
Vest GC-PERP+0.0046%1h4,363.9+0.674%$1.0M25xas long as short
Lighter XAU+0.0048%1h4,332.3−0.054%$20.4M$31.8M25xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
tradeXYZ xyz:GOLD+0.0050%1h4,329.7−0.115%$292.0M$51.8M25xas long as short
Ondo Perps XAU-USD.P+0.0050%1h4,327.9−0.156%$15.0M$56.6M25xas long as short
RISEx XAU/USDC+0.0054%1h4,332.6−0.048%$3.8M$12.5M25xas long as short
Kalshi KXGOLDPERP+0.0063%24h4,333.1−0.036%$4.0M$42.1M15xas long as short
Hotstuff GOLD-PERP+0.0064%1h4,321.2−0.311%$32K25xas long as short
Lighter RH XAUlong+0.0072%1h4,334.7long leg$19.9M$38.9M25x
Gate XAU_USDT+0.0072%4h4,334.3−0.009%$272.6M$416.1M100xas long as short
Coinbase International GOLD-PERP-INTX+0.0072%1h4,327.9−0.156%$2.0M$4.8M25xas long as short
Paradex XAU-USD-PERPshort+0.0073%8h4,331.7−0.070%$19K$5K5x
Aster XAUUSD1+0.0099%4h4,333.9−0.018%$72.3M$330.9M20xas long as short
Pacifica XAU+0.0100%1h4,327.8−0.158%$1.4M$1.2M10xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,324.2−0.242%$272K$208K50xas long as short
GRVT XAU_USDT_Perp+0.0102%4h4,325.7−0.208%$1.4M$3.0M25xas long as short
Variational Omni XAU+0.0104%4h4,327.8−0.159%$46.9M$28.6Mas long as short
MEXC XAU_USDT+0.0110%4h4,333.7−0.023%$364.6M$330.1M1000xas long as short
Binance XAUUSDT+0.0112%4h4,333.5−0.027%$414.7M$2.12B100xas long as short
Aevo XAU-PERP+0.0112%1h4,331.2−0.081%$160K$8710xas long as short
Phoenix GOLD+0.0127%1h4,326.6−0.186%$47K$77K25xas long as short
edgeX XAUUSDC+0.0128%4h4,322.8−0.274%$30.1M$60.2M50xas long as short
Bullet GOLD-USD+0.0160%1h4,331.9−0.063%$58K$82K10xas long as short
Polymarket Perps GOLD-USD+0.0176%1h4,331.8−0.066%$4.2M$2.0M20xas long as short
HTX XAU-USDT+0.0234%4h4,334.6−0.001%$2.8M$5.0M75xas long as short
Kraken Futures PF_XAUUSD+0.0247%1h4,329.4−0.122%$590K$130K25xas long as short
Bitget XAUUSDT+0.0258%4h4,333.6−0.025%$68.1M$118.9M100xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0258%1h4,331.5−0.073%$195K$826K25xas long as short
OKX XAU-USDT-SWAP+0.0333%8h4,333.7−0.023%$170.8M$296.7M100xas long as short
BloFin XAU-USDT+0.0359%4h4,333.3−0.031%$16.0M$4.5M100xas long as short
Phemex XAUUSDT+0.0404%4h4,335.2+0.011%$2.2M$962K100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0459% / S −0.0302%1h4,332.2−0.056%$253K111xas long as short