Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0023%/8h= +2.5% APRpaid last 24h −0.003%

Price spread now: Extended against Paradex−0.094%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 Extended

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 · Extended: Active · farm boardneeds both histories

Funding pays, the price is against you. Extended is 0.094% cheaper against Paradex than usual: you would sell low and buy high (spread −0.094% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 14 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	4,361.5	0.0081	pay 0.0081% / 8h	7h 26m	$19K	$5K	5x
Short	Extended XAU-USD	4,357.4	0.0104	get 0.0013% / 1h	26m 04s	$13.5M	$43.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.094%Rate

Funding earned: $4.86
Price spread: −0.094% → 0.000%: −$9.38
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$13.52
Costs to cover: 0.090%
Break-even: 26.5 days

Slippage unknown: Paradex: no order-book sample; Extended: live order book, 3 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 Extended live order book, 3 min ago	0.12 bp	3.6 bp −$4	5.1 bp −$51	8.1 bp −$811	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
Aster XAUUSD1	0.0000%	4h	4,361.5	0.000%	$71.1M	$200.2M	20x	as long as short
Gate XAU_USDT	0.0000%	4h	4,362.5	+0.024%	$265.5M	$415.7M	100x	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,359	−0.057%	$4.0M	$36.6M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,366.5	+0.115%	$93K	$10.2M	20x	as long as short
Variational Omni XAU	0.0000%	4h	4,360.4	−0.024%	$47.8M	$28.1M	—	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,357.8	−0.084%	$267K	—	250x	as long as short
Hotstuff GOLD-PERP	+0.0016%	1h	4,358.3	−0.073%	$33K	—	25x	as long as short
MEXC XAU_USDT	+0.0016%	4h	4,362.1	+0.014%	$373.2M	$327.5M	1000x	as long as short
Binance XAUUSDT	+0.0019%	4h	4,361.5	0.000%	$411.9M	$2.15B	100x	as long as short
edgeX XAUUSDC	+0.0026%	4h	4,356.1	−0.123%	$30.3M	$60.3M	50x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.253%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,362.9	+0.033%	$3.8M	$4.7M	40x	as long as short
QFEX GOLD-USD	+0.0045%	1h	4,361.1	−0.009%	$5.6M	$1.9M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,395.4	+0.778%	—	$1.0M	25x	as long as short
RISEx XAU/USDC	+0.0048%	1h	4,361.8	+0.007%	$3.4M	$12.3M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,358.5	−0.068%	$293.9M	$52.6M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,357	−0.103%	$14.7M	$57.2M	25x	as long as short
Bitget XAUUSDT	+0.0054%	4h	4,361.5	+0.002%	$69.6M	$113.3M	100x	as long as short
Phoenix GOLD	+0.0055%	1h	4,360.2	−0.029%	$48K	$64K	25x	as long as short
BloFin XAU-USDT	+0.0072%	4h	4,363.5	+0.045%	$15.5M	$4.5M	100x	as long as short
Lighter XAU	+0.0072%	1h	4,360.9	−0.014%	$20.6M	$44.0M	25x	as long as short
Paradex XAU-USD-PERPlong	+0.0081%	8h	4,361.5	long leg	$19K	$5K	5x
Aevo XAU-PERP	+0.0088%	1h	4,360.7	−0.018%	$161K	$87	10x	as long as short
Lighter RH XAU	+0.0096%	1h	4,363.6	+0.048%	$20.2M	$41.0M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0096%	1h	4,357.8	−0.084%	$2.0M	$5.1M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,358.2	−0.075%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,361.6	+0.004%	$275K	$204K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,354.9	−0.152%	$26K	$22K	20x	as long as short
Extended XAU-USDshort	+0.0104%	1h	4,357.4	−0.094%	$13.5M	$43.8M	25x
Bybit XAUUSDT	+0.0114%	4h	4,362	+0.012%	$83.0M	$143.7M	150x	as long as short
Polymarket Perps GOLD-USD	+0.0127%	1h	4,360.2	−0.029%	$4.3M	$1.8M	20x	as long as short
GRVT XAU_USDT_Perp	+0.0152%	4h	4,362.7	+0.029%	$1.4M	$3.1M	25x	as long as short
OKX XAU-USDT-SWAP	+0.0198%	8h	4,362.2	+0.017%	$164.1M	$288.7M	100x	as long as short
Bullet GOLD-USD	+0.0213%	1h	4,361.4	−0.001%	$59K	$81K	10x	as long as short
Kraken Futures PF_XAUUSD	+0.0225%	1h	4,358.7	−0.064%	$594K	$151K	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0232%	1h	4,360.3	−0.027%	$235K	$656K	25x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0388% / S −0.0197%	1h	4,362.2	+0.016%	$252K	—	111x	as long as short
Phemex XAUUSDT	+0.0471%	4h	4,365.1	+0.084%	$2.2M	$1.1M	100x	as long as short
HTX XAU-USDT	+0.0602%	4h	4,366.9	+0.125%	$2.9M	$3.9M	75x	as long as short