Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0026%/8h= +2.8% APRpaid last 24h +0.009%

Price spread now: Aevo against Paradex−0.046%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on Aevo

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. Aevo is 0.046% cheaper against Paradex than usual: you would sell low and buy high (spread −0.046% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 5.9 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	Paradex XAU-USD-PERP	4,368.7	0.0054	pay 0.0054% / 8h	19m 31s	$19K	$5K	5x
Short	Aevo XAU-PERP	4,366.7	0.0080	get 0.0010% / 1h	19m 31s	$162K	$87	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Paradex. 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 ParadexbpFee AevobpOrdersPrice spread, now −0.046%Rate

Funding earned: $5.46
Price spread: −0.046% → 0.000%: −$4.59
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$19.14
Costs to cover: 0.200%
Break-even: 31.6 days

Slippage unknown: Paradex: no order-book sample; Aevo: live order book, 59 min ago. 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 Paradex no order-book sample	—	—	—	—	—
Sell Aevo live order book, 59 min ago	5.76 bp	14.9 bp −$15	27.6 bp −$276	doesn't fit	doesn't fit

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	−0.0215%	1h	4,360.5	−0.190%	$26K	$22K	20x	as long as short
Phoenix GOLD	−0.0004%	1h	4,363.7	−0.116%	$48K	$65K	25x	as long as short
Aster XAUUSD1	0.0000%	4h	4,369.9	+0.027%	$71.7M	$225.2M	20x	as long as short
Binance XAUUSDT	0.0000%	4h	4,371	+0.052%	$410.6M	$2.14B	100x	as long as short
Bybit XAUUSDT	0.0000%	4h	4,372	+0.074%	$82.7M	$142.4M	150x	as long as short
RISEx XAU/USDC	0.0000%	1h	4,369.2	+0.010%	$3.4M	$12.3M	25x	as long as short
Gate XAU_USDT	0.0000%	4h	4,369.8	+0.023%	$269.8M	$415.1M	100x	as long as short
MEXC XAU_USDT	0.0000%	4h	4,369.2	+0.011%	$376.7M	$323.2M	1000x	as long as short
Bitget XAUUSDT	0.0000%	4h	4,371.7	+0.067%	$69.7M	$113.6M	100x	as long as short
Variational Omni XAU	0.0000%	4h	4,366.6	−0.050%	$48.5M	$30.2M	—	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT XAU_USDT_Perp	0.0000%	4h	4,364.9	−0.088%	$1.4M	$3.1M	25x	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,364.4	−0.100%	$4.1M	$36.0M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,372.5	+0.087%	$93K	$10.6M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,363.7	−0.116%	$268K	—	250x	as long as short
edgeX XAUUSDC	+0.0008%	4h	4,359.1	−0.222%	$30.3M	$58.8M	50x	as long as short
QFEX GOLD-USD	+0.0032%	1h	4,367.7	−0.024%	$5.4M	$1.9M	20x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.420%	$619	$54	52x	as long as short
Lighter XAU	+0.0040%	1h	4,368	−0.017%	$20.7M	$44.8M	25x	as long as short
Extended XAU-USD	+0.0040%	1h	4,364.9	−0.089%	$13.1M	$45.5M	25x	as long as short
StandX XAU-USD	+0.0040%	1h	4,367.1	−0.038%	$3.8M	$4.7M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,404.4	+0.816%	—	$1.0M	25x	as long as short
Lighter RH XAU	+0.0048%	1h	4,370.5	+0.040%	$20.2M	$42.1M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,367.3	−0.033%	$294.0M	$52.3M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,365.3	−0.080%	$14.6M	$56.9M	25x	as long as short
Paradex XAU-USD-PERPlong	+0.0054%	8h	4,368.7	long leg	$19K	$5K	5x
Aevo XAU-PERPshort	+0.0080%	1h	4,366.7	−0.046%	$162K	$87	10x
Hotstuff GOLD-PERP	+0.0088%	1h	4,364.8	−0.090%	$33K	—	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,365.7	−0.070%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,362.3	−0.148%	$277K	$204K	50x	as long as short
Polymarket Perps GOLD-USD	+0.0101%	1h	4,371.2	+0.056%	$4.3M	$1.8M	20x	as long as short
Bullet GOLD-USD	+0.0102%	1h	4,367.2	−0.035%	$59K	$81K	10x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0152%	1h	4,364.4	−0.100%	$2.0M	$5.1M	25x	as long as short
OKX XAU-USDT-SWAP	+0.0161%	8h	4,372.2	+0.079%	$159.0M	$274.5M	100x	as long as short
HTX XAU-USDT	+0.0170%	4h	4,370.7	+0.045%	$2.8M	$3.7M	75x	as long as short
Kraken Futures PF_XAUUSD	+0.0220%	1h	4,364.5	−0.097%	$602K	$136K	25x	as long as short
BloFin XAU-USDT	+0.0240%	4h	4,367.2	−0.036%	$14.8M	$4.5M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0277%	1h	4,366.4	−0.054%	$235K	$736K	25x	as long as short
Phemex XAUUSDT	+0.0327%	4h	4,367.2	−0.036%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0389% / S −0.0197%	1h	4,368.2	−0.013%	$252K	—	111x	as long as short