Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0140%/8h= +15.3% APRpaid last 24h +0.039%

Price spread now: Bitget against Paradex−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 Paradex Short on Bitget

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: +$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex XAU-USD-PERP	4,333.4	0.0058	pay 0.0058% / 8h	6h 59m	$2K	$13K	5x
Short	Bitget XAUUSDT	4,333.1	0.0198	get 0.0099% / 4h	2h 59m	$72.1M	$132.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.008%Rate

Funding earned: $29.32
Price spread: −0.008% → 0.000%: −$0.78
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Bitget: 6 bp × 2 orders: −$12
Net: $12.54
Costs to cover: 0.160%
Break-even: 4.0 days

Slippage unknown: Paradex: no order-book sample; Bitget: live order book, 5 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 Bitget live order book, 5 min ago	0.01 bp	6.2 bp −$6	7.2 bp −$72	11.7 bp −$1,172	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	−0.0211%	1h	4,327	−0.149%	$25K	$1K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,336.5	+0.071%	$92K	$6.5M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,330.7	−0.064%	$275K	—	250x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0024%	1h	4,330.6	−0.065%	$2.0M	$5.2M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.392%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,334.5	+0.025%	$3.8M	$4.5M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,366.9	+0.772%	—	$1.0M	25x	as long as short
QFEX GOLD-USD	+0.0046%	1h	4,333	−0.010%	$6.6M	$3.1M	20x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,330	−0.079%	$292.5M	$55.4M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,330.2	−0.075%	$15.1M	$57.3M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx XAU/USDC	+0.0056%	1h	4,334.6	+0.027%	$4.6M	$13.6M	25x	as long as short
Paradex XAU-USD-PERPlong	+0.0058%	8h	4,333.4	long leg	$2K	$13K	5x
Aster XAUUSD1	+0.0059%	4h	4,334.2	+0.018%	$74.4M	$272.9M	20x	as long as short
Hotstuff GOLD-PERP	+0.0072%	1h	4,330.9	−0.059%	$32K	—	25x	as long as short
Lighter XAU	+0.0080%	1h	4,333	−0.010%	$20.2M	$29.2M	25x	as long as short
Extended XAU-USD	+0.0080%	1h	4,329.4	−0.094%	$12.7M	$35.9M	25x	as long as short
Lighter RH XAU	+0.0088%	1h	4,335.1	+0.037%	$19.9M	$38.4M	25x	as long as short
Variational Omni XAU	+0.0093%	4h	4,332	−0.034%	$47.2M	$30.1M	—	as long as short
Phoenix GOLD	+0.0095%	1h	4,333.5	+0.001%	$43K	$67K	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,330.3	−0.073%	$1.4M	$1.3M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,330	−0.079%	$284K	$232K	50x	as long as short
Gate XAU_USDT	+0.0102%	4h	4,335	+0.036%	$299.1M	$427.2M	100x	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,332.2	−0.029%	$160K	$87	10x	as long as short
MEXC XAU_USDT	+0.0114%	4h	4,333.7	+0.006%	$353.0M	$346.7M	1000x	as long as short
Polymarket Perps GOLD-USD	+0.0116%	1h	4,334.1	+0.015%	$4.3M	$1.7M	20x	as long as short
Binance XAUUSDT	+0.0116%	4h	4,333.1	−0.009%	$436.2M	$2.35B	100x	as long as short
Kalshi KXGOLDPERP	+0.0120%	24h	4,334.4	+0.022%	$3.5M	$48.5M	15x	as long as short
edgeX XAUUSDC	+0.0127%	4h	4,331.4	−0.046%	$30.3M	$65.2M	50x	as long as short
GRVT XAU_USDT_Perp	+0.0132%	4h	4,331.1	−0.053%	$1.4M	$3.0M	25x	as long as short
Bybit XAUUSDT	+0.0132%	4h	4,334.2	+0.019%	$82.5M	$169.0M	150x	as long as short
Bullet GOLD-USD	+0.0165%	1h	4,333.6	+0.004%	$58K	$77K	10x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0166%	1h	4,330.7	−0.063%	$134K	$780K	25x	as long as short
Bitget XAUUSDTshort	+0.0198%	4h	4,333.1	−0.008%	$72.1M	$132.2M	100x
OKX XAU-USDT-SWAP	+0.0244%	8h	4,333.8	+0.008%	$171.0M	$354.6M	100x	as long as short
Phemex XAUUSDT	+0.0267%	4h	4,335.2	+0.040%	$2.2M	$961K	100x	as long as short
BloFin XAU-USDT	+0.0358%	4h	4,333.1	−0.008%	$16.2M	$5.5M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0411%	1h	4,330.7	−0.062%	$583K	$150K	25x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0466% / S −0.0313%	1h	4,332.8	−0.016%	$256K	—	111x	as long as short
HTX XAU-USDT	+0.1107%	4h	4,340.4	+0.161%	$3.2M	$7.0M	75x	as long as short