Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h −0.021%

Price spread now: Paradex against MEXC−0.008%7-day average — · you buy dearer than you sell

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

Long on MEXC 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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC XAU_USDT	4,355.2	0	get 0.0000% / 4h	1h 24m	$376.8M	$351.8M	1000x
Short	Paradex XAU-USD-PERP	4,354.9	0.0050	get 0.0050% / 8h	1h 24m	$19K	$6K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against MEXC. 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 MEXCbpFee ParadexbpOrdersPrice spread, now −0.008%Rate

Funding earned: $10.59
Price spread: −0.008% → 0.000%: −$0.76
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Paradex: 2 bp × 2 orders: −$4
Net: $1.83
Costs to cover: 0.080%
Break-even: 5.8 days

Slippage unknown: MEXC: live order book, 5 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 MEXC live order book, 5 min ago	0.03 bp	2.0 bp −$2	2.0 bp −$20	3.8 bp −$377	21.2 bp −$10.6K
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
Kraken Futures PF_XAUUSD	−0.0175%	1h	4,352.9	−0.053%	$600K	$141K	25x	as long as short
Aster XAUUSD1	0.0000%	4h	4,356.3	+0.025%	$71.4M	$234.3M	20x	as long as short
Binance XAUUSDT	0.0000%	4h	4,355.3	+0.002%	$409.6M	$2.08B	100x	as long as short
Bybit XAUUSDT	0.0000%	4h	4,355.8	+0.015%	$82.6M	$141.2M	150x	as long as short
RISEx XAU/USDC	0.0000%	1h	4,355.2	+0.001%	$3.5M	$12.4M	25x	as long as short
Gate XAU_USDT	0.0000%	4h	4,356.8	+0.036%	$271.8M	$409.5M	100x	as long as short
MEXC XAU_USDTlong	0.0000%	4h	4,355.2	long leg	$376.8M	$351.8M	1000x
Bitget XAUUSDT	0.0000%	4h	4,355.4	+0.005%	$67.0M	$110.0M	100x	as long as short
Variational Omni XAU	0.0000%	4h	4,354.6	−0.014%	$48.0M	$31.5M	—	as long as short
GRVT XAU_USDT_Perp	0.0000%	4h	4,355.7	+0.012%	$1.4M	$3.2M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kalshi KXGOLDPERP	0.0000%	24h	4,352.5	−0.062%	$4.0M	$34.4M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,359.4	+0.098%	$93K	$10.7M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,351.8	−0.077%	$267K	—	250x	as long as short
QFEX GOLD-USD	+0.0002%	1h	4,354.8	−0.009%	$5.6M	$1.7M	20x	as long as short
tradeXYZ xyz:GOLD	+0.0011%	1h	4,350.9	−0.098%	$292.8M	$52.9M	25x	as long as short
edgeX XAUUSDC	+0.0016%	4h	4,350.8	−0.102%	$30.3M	$58.3M	50x	as long as short
Hotstuff GOLD-PERP	+0.0024%	1h	4,350.8	−0.101%	$33K	—	25x	as long as short
Lighter XAU	+0.0032%	1h	4,354.5	−0.015%	$21.0M	$44.3M	25x	as long as short
Lighter RH XAU	+0.0032%	1h	4,356.6	+0.031%	$20.2M	$42.0M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,352	−0.074%	$13.0M	$49.4M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.109%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,355.4	+0.005%	$3.8M	$4.7M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,389.2	+0.781%	—	$1.0M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0050%	1h	4,355	−0.004%	$4.3M	$1.7M	20x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,351.2	−0.091%	$14.4M	$55.7M	25x	as long as short
Paradex XAU-USD-PERPshort	+0.0050%	8h	4,354.9	−0.008%	$19K	$6K	5x
Deribit GOLD_USDC-PERPETUAL	+0.0072%	1h	4,353.6	−0.036%	$221K	$760K	25x	as long as short
Aevo XAU-PERP	+0.0080%	1h	4,354.4	−0.017%	$161K	$87	10x	as long as short
HTX XAU-USDT	+0.0092%	4h	4,358.7	+0.082%	$2.8M	$3.8M	75x	as long as short
Bullet GOLD-USD	+0.0099%	1h	4,355.3	+0.002%	$60K	$85K	10x	as long as short
Pacifica XAU	+0.0100%	1h	4,352.2	−0.068%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,353.3	−0.043%	$273K	$204K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,348.5	−0.152%	$26K	$21K	20x	as long as short
Phoenix GOLD	+0.0109%	1h	4,351.8	−0.078%	$48K	$65K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0156%	8h	4,356.3	+0.026%	$158.9M	$267.2M	100x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0208%	1h	4,352.9	−0.052%	$2.0M	$5.1M	25x	as long as short
BloFin XAU-USDT	+0.0240%	4h	4,355.4	+0.004%	$14.8M	$4.3M	100x	as long as short
Phemex XAUUSDT	+0.0316%	4h	4,358.3	+0.072%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0388% / S −0.0197%	1h	4,355.2	0.000%	$251K	—	111x	as long as short