Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0209%/8h= +22.9% APRpaid last 24h +0.055%

Price spread now: Deribit against Paradex+0.008%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 Deribit

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: +$6 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	4,321.1	0.0074	pay 0.0074% / 8h	1h 30m	$2K	$13K	5x
Short	Deribit GOLD_USDC-PERPETUAL	4,321.4	0.0283	get 0.0035% / 1h	30m 06s	$192K	$835K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.008%Rate

Funding earned: $43.83
Price spread: +0.008% → 0.000%: $0.81
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $33.63
Costs to cover: 0.110%
Break-even: 1.6 days

Slippage unknown: Paradex: no order-book sample; Deribit: live order book, 14 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 Deribit live order book, 14 min ago	0.12 bp	5.7 bp −$6	7.8 bp −$78	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	−0.0095%	1h	4,316.7	−0.102%	$25K	$11K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,326.4	+0.124%	$92K	$7.7M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,319.8	−0.029%	$270K	—	250x	as long as short
Bybit XAUUSDT	+0.0005%	4h	4,323.3	+0.052%	$77.4M	$155.0M	150x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.680%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,323.4	+0.054%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0042%	1h	4,321.4	+0.008%	$5.4M	$2.0M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,354.9	+0.783%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,318.9	−0.050%	$291.4M	$51.5M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,317.5	−0.082%	$15.0M	$55.5M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended XAU-USD	+0.0056%	1h	4,318.4	−0.061%	$12.9M	$36.9M	25x	as long as short
Lighter XAU	+0.0064%	1h	4,321.8	+0.016%	$20.3M	$30.5M	25x	as long as short
Aster XAUUSD1	+0.0068%	4h	4,324.1	+0.071%	$72.5M	$278.0M	20x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,317.9	−0.073%	$2.1M	$4.9M	25x	as long as short
Paradex XAU-USD-PERPlong	+0.0074%	8h	4,321.1	long leg	$2K	$13K	5x
Kalshi KXGOLDPERP	+0.0076%	24h	4,323.5	+0.057%	$3.8M	$43.6M	15x	as long as short
GRVT XAU_USDT_Perp	+0.0080%	4h	4,322.8	+0.041%	$1.4M	$3.0M	25x	as long as short
Hotstuff GOLD-PERP	+0.0088%	1h	4,319.2	−0.043%	$32K	—	25x	as long as short
Variational Omni XAU	+0.0090%	4h	4,322.5	+0.034%	$47.4M	$28.8M	—	as long as short
MEXC XAU_USDT	+0.0096%	4h	4,322.3	+0.030%	$362.2M	$330.7M	1000x	as long as short
Binance XAUUSDT	+0.0096%	4h	4,322.4	+0.031%	$416.3M	$2.12B	100x	as long as short
Gate XAU_USDT	+0.0098%	4h	4,324.6	+0.081%	$282.7M	$416.2M	100x	as long as short
Phoenix GOLD	+0.0100%	1h	4,322	+0.022%	$47K	$79K	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,318.6	−0.058%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,319.9	−0.028%	$272K	$208K	50x	as long as short
Lighter RH XAU	+0.0104%	1h	4,324.3	+0.075%	$19.8M	$38.7M	25x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,321.9	+0.020%	$160K	$87	10x	as long as short
edgeX XAUUSDC	+0.0116%	4h	4,319.6	−0.034%	$30.0M	$61.3M	50x	as long as short
Kraken Futures PF_XAUUSD	+0.0154%	1h	4,319.5	−0.036%	$584K	$135K	25x	as long as short
Bullet GOLD-USD	+0.0177%	1h	4,322.4	+0.032%	$59K	$82K	10x	as long as short
RISEx XAU/USDC	+0.0184%	1h	4,324.5	+0.079%	$4.2M	$12.8M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0208%	1h	4,322.1	+0.024%	$4.3M	$1.9M	20x	as long as short
Bitget XAUUSDT	+0.0226%	4h	4,322.3	+0.028%	$67.8M	$118.4M	100x	as long as short
HTX XAU-USDT	+0.0239%	4h	4,326.7	+0.130%	$2.8M	$4.9M	75x	as long as short
Deribit GOLD_USDC-PERPETUALshort	+0.0283%	1h	4,321.4	+0.008%	$192K	$835K	25x
OKX XAU-USDT-SWAP	+0.0308%	8h	4,322.9	+0.043%	$171.4M	$297.8M	100x	as long as short
BloFin XAU-USDT	+0.0337%	4h	4,323.3	+0.051%	$16.1M	$4.6M	100x	as long as short
Phemex XAUUSDT	+0.0344%	4h	4,324.6	+0.082%	$2.2M	$967K	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0462% / S −0.0307%	1h	4,323.3	+0.052%	$252K	—	111x	as long as short