Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0115%/8h= +12.6% APRpaid last 24h +0.028%

Price spread now: Bullet against Paradex+0.038%7-day average — · you sell dearer than you buy

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

Long on Paradex Short on Bullet

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

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Bullet is 0.038% dearer against Paradex than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex XAU-USD-PERP	4,337.1	0.0054	pay 0.0054% / 8h	5h 48m	$2K	$13K	5x
Short	Bullet GOLD-USD	4,338.7	0.0169	get 0.0021% / 1h	48m 20s	$59K	$76K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet 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 BulletbpOrdersPrice spread, now +0.038%Rate

Funding earned: $24.15
Price spread: +0.038% → 0.000%: $3.78
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Bullet: 4 bp × 2 orders: −$8
Net: $15.93
Costs to cover: 0.120%
Break-even: 2.4 days

Slippage unknown: Paradex: no order-book sample; Bullet: 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 Paradex no order-book sample	—	—	—	—	—
Sell Bullet no order-book sample	—	—	—	—	—

Paradex and Bullet: 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 exchanges

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
Hotstuff GOLD-PERP	−3.0304%	1h	4,318.3	−0.434%	$32K	—	25x	as long as short
Bluefin GOLD-PERP	−0.0063%	1h	4,332	−0.119%	$25K	$1K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,342.5	+0.124%	$92K	$6.0M	20x	as long as short
Coinbase International GOLD-PERP-INTX	0.0000%	1h	4,333.4	−0.085%	$2.1M	$5.3M	25x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,334.1	−0.070%	$274K	—	250x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0004%	1h	4,337.1	0.000%	$135K	$707K	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.307%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,338.4	+0.030%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0041%	1h	4,336.7	−0.009%	$6.7M	$3.2M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,372	+0.805%	—	$1.0M	25x	as long as short

Show all 39 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:GOLD	+0.0050%	1h	4,335.3	−0.042%	$292.7M	$51.5M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,333.5	−0.083%	$15.1M	$59.4M	25x	as long as short
Paradex XAU-USD-PERPlong	+0.0054%	8h	4,337.1	long leg	$2K	$13K	5x
Aster XAUUSD1	+0.0060%	4h	4,339.8	+0.063%	$72.5M	$275.9M	20x	as long as short
Polymarket Perps GOLD-USD	+0.0061%	1h	4,337.5	+0.009%	$4.3M	$1.7M	20x	as long as short
Variational Omni XAU	+0.0079%	4h	4,338.5	+0.032%	$47.3M	$29.2M	—	as long as short
Lighter XAU	+0.0080%	1h	4,337.3	+0.005%	$20.2M	$30.3M	25x	as long as short
Gate XAU_USDT	+0.0084%	4h	4,339.9	+0.065%	$298.7M	$443.7M	100x	as long as short
Lighter RH XAU	+0.0088%	1h	4,339.6	+0.058%	$19.7M	$39.9M	25x	as long as short
MEXC XAU_USDT	+0.0098%	4h	4,338.5	+0.032%	$367.9M	$352.2M	1000x	as long as short
Binance XAUUSDT	+0.0098%	4h	4,338.5	+0.032%	$443.0M	$2.43B	100x	as long as short
Pacifica XAU	+0.0100%	1h	4,334.4	−0.063%	$1.4M	$1.3M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,336.2	−0.022%	$285K	$223K	50x	as long as short
GRVT XAU_USDT_Perp	+0.0102%	4h	4,338.3	+0.027%	$1.4M	$3.1M	25x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,337.1	0.000%	$161K	$87	10x	as long as short
edgeX XAUUSDC	+0.0118%	4h	4,335.5	−0.037%	$30.3M	$67.5M	50x	as long as short
Extended XAU-USD	+0.0120%	1h	4,335	−0.049%	$12.5M	$34.7M	25x	as long as short
Bybit XAUUSDT	+0.0123%	4h	4,340	+0.066%	$82.5M	$172.7M	150x	as long as short
Phoenix GOLD	+0.0127%	1h	4,335.4	−0.039%	$43K	$71K	25x	as long as short
Kalshi KXGOLDPERP	+0.0136%	24h	4,338.9	+0.041%	$3.5M	$51.0M	15x	as long as short
Bullet GOLD-USDshort	+0.0169%	1h	4,338.7	+0.038%	$59K	$76K	10x
RISEx XAU/USDC	+0.0205%	1h	4,337.9	+0.018%	$4.7M	$13.2M	25x	as long as short
Phemex XAUUSDT	+0.0213%	4h	4,340.3	+0.074%	$2.3M	$784K	100x	as long as short
Bitget XAUUSDT	+0.0214%	4h	4,339	+0.044%	$72.9M	$139.8M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0238%	8h	4,339.7	+0.060%	$170.8M	$361.9M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0253%	1h	4,335.7	−0.032%	$584K	$169K	25x	as long as short
BloFin XAU-USDT	+0.0339%	4h	4,337.8	+0.017%	$16.3M	$5.3M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0461% / S −0.0308%	1h	4,340.3	+0.075%	$254K	—	111x	as long as short
HTX XAU-USDT	+0.1089%	4h	4,344.4	+0.168%	$3.2M	$7.1M	75x	as long as short