Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0051%/8h= −5.5% APRpaid last 24h −0.010%

Price spread now: Gate against Paradex+0.019%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 Gate

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: −$2 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	4,342.1	0.0051	pay 0.0051% / 8h	2h 03m	$19K	$6K	5x
Short	Gate XAU_USDT	4,343	0	get 0.0000% / 4h	2h 03m	$273.7M	$413.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.019%Rate

Funding earned: −$10.61
Price spread: +0.019% → 0.000%: $1.94
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$27.67
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Gate: live order book, 6 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 Gate live order book, 6 min ago	0.01 bp	8.5 bp −$9	10.8 bp −$108	18.8 bp −$1,884	26.6 bp −$13.3K

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 38 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	−0.0534%	1h	4,334.7	−0.170%	$26K	$21K	20x	as long as short
Aster XAUUSD1	0.0000%	4h	4,343.8	+0.039%	$71.1M	$240.9M	20x	as long as short
Binance XAUUSDT	0.0000%	4h	4,342	−0.003%	$411.2M	$2.12B	100x	as long as short
Bybit XAUUSDT	0.0000%	4h	4,342.2	+0.003%	$82.7M	$144.7M	150x	as long as short
Gate XAU_USDTshort	0.0000%	4h	4,343	+0.019%	$273.7M	$413.7M	100x
MEXC XAU_USDT	0.0000%	4h	4,341.1	−0.024%	$372.1M	$350.7M	1000x	as long as short
Bitget XAUUSDT	0.0000%	4h	4,342.7	+0.014%	$67.1M	$114.0M	100x	as long as short
Variational Omni XAU	0.0000%	4h	4,341.5	−0.013%	$47.8M	$33.8M	—	as long as short
GRVT XAU_USDT_Perp	0.0000%	4h	4,342	−0.003%	$1.4M	$3.3M	25x	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,340.3	−0.042%	$3.9M	$34.1M	15x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bullet GOLD-USD	0.0000%	1h	4,342	−0.003%	$59K	$84K	10x	as long as short
SunX XAU-USDT	0.0000%	4h	4,346.3	+0.095%	$92K	$10.9M	20x	as long as short
HTX XAU-USDT	0.0000%	4h	4,345.3	+0.074%	$2.8M	$3.8M	75x	as long as short
edgeX XAUUSDC	+0.0016%	4h	4,337.3	−0.110%	$30.2M	$58.0M	50x	as long as short
Lighter XAU	+0.0032%	1h	4,340.6	−0.035%	$20.7M	$46.8M	25x	as long as short
Lighter RH XAU	+0.0032%	1h	4,343.1	+0.024%	$20.2M	$45.1M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,343.3	+0.028%	$13.2M	$50.8M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.191%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,342.8	+0.016%	$3.8M	$4.7M	40x	as long as short
tradeXYZ xyz:GOLD	+0.0041%	1h	4,338.7	−0.079%	$292.1M	$53.6M	25x	as long as short
Vest GC-PERP	+0.0046%	1h	4,382.1	+0.921%	—	$995K	25x	as long as short
Polymarket Perps GOLD-USD	+0.0050%	1h	4,341.2	−0.021%	$4.3M	$2.3M	20x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,341.1	−0.024%	$14.4M	$54.6M	25x	as long as short
Paradex XAU-USD-PERPlong	+0.0051%	8h	4,342.1	long leg	$19K	$6K	5x
QFEX GOLD-USD	+0.0052%	1h	4,342.5	+0.009%	$5.5M	$1.9M	20x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,339.1	−0.069%	$2.0M	$5.2M	25x	as long as short
Aevo XAU-PERP	+0.0080%	1h	4,341.7	−0.010%	$161K	$87	10x	as long as short
Pacifica XAU	+0.0100%	1h	4,341.2	−0.022%	$1.4M	$1.3M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,343	+0.020%	$272K	$204K	50x	as long as short
Phoenix GOLD	+0.0109%	1h	4,343.4	+0.030%	$47K	$69K	25x	as long as short
Hotstuff GOLD-PERP	+0.0144%	1h	4,338.7	−0.079%	$33K	—	25x	as long as short
OKX XAU-USDT-SWAP	+0.0177%	8h	4,343.2	+0.025%	$158.0M	$275.1M	100x	as long as short
BloFin XAU-USDT	+0.0189%	4h	4,342	−0.003%	$14.8M	$4.3M	100x	as long as short
RISEx XAU/USDC	+0.0190%	1h	4,342	−0.002%	$3.4M	$12.6M	25x	as long as short
Kraken Futures PF_XAUUSD	+0.0333%	1h	4,338.8	−0.075%	$598K	$141K	25x	as long as short
Phemex XAUUSDT	+0.0412%	4h	4,344.8	+0.062%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0450% / S −0.0246%	1h	4,342	−0.003%	$251K	—	29x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0627%	1h	4,339.2	−0.067%	$221K	$883K	25x	as long as short