Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0255%/8h= +27.9% APRpaid last 24h +0.051%

Price spread now: GMX against Paradex+0.039%102s7-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 GMX

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 +$8 a day on $10k at the current rate, and GMX is 0.039% 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). The two prices were read 102 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex XAU-USD-PERP	4,333.5	0.0053	pay 0.0053% / 8h	5h 27m	$2K	$13K	5x
Short	GMX GOLD/USD [ETH-USDC]	4,335.2	L +0.0461% / S −0.0308%	get 0.0038% / 1h	27m 33s	$254K	—	111x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now +0.039%Rate

Funding earned: $53.57
Price spread: +0.039% → 0.000%: $3.89
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee GMX: 6 bp × 2 orders: −$12
Net: $41.46
Costs to cover: 0.160%
Break-even: 1.6 days

Slippage unknown: Paradex: no order-book sample; GMX: 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 GMX no order-book sample	—	—	—	—	—

Paradex and GMX: 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	−3.2000%	1h	4,331.1	−0.055%	$32K	—	25x	as long as short
SunX XAU-USDT	0.0000%	4h	4,338.2	+0.108%	$92K	$5.8M	20x	as long as short
Coinbase International GOLD-PERP-INTX	0.0000%	1h	4,328.4	−0.117%	$2.1M	$5.0M	25x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,330.4	−0.071%	$304K	—	250x	as long as short
Bluefin GOLD-PERP	+0.0024%	1h	4,327.8	−0.130%	$25K	$1K	20x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0027%	1h	4,332.6	−0.021%	$135K	$708K	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.391%	$619	$54	52x	as long as short
Aster XAUUSD1	+0.0038%	4h	4,335.4	+0.044%	$72.1M	$276.1M	20x	as long as short
StandX XAU-USD	+0.0040%	1h	4,334.9	+0.033%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0041%	1h	4,332.9	−0.014%	$6.7M	$3.2M	20x	as long as short

Show all 39 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest GC-PERP	+0.0046%	1h	4,366.8	+0.769%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,331.4	−0.048%	$292.8M	$51.7M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,329.9	−0.084%	$15.1M	$59.7M	25x	as long as short
Paradex XAU-USD-PERPlong	+0.0053%	8h	4,333.5	long leg	$2K	$13K	5x
Variational Omni XAU	+0.0064%	4h	4,333.5	0.000%	$47.3M	$28.7M	—	as long as short
Lighter XAU	+0.0072%	1h	4,333.8	+0.007%	$20.1M	$30.4M	25x	as long as short
Gate XAU_USDT	+0.0076%	4h	4,335.9	+0.055%	$298.6M	$447.6M	100x	as long as short
MEXC XAU_USDT	+0.0078%	4h	4,334.3	+0.019%	$368.4M	$355.4M	1000x	as long as short
GRVT XAU_USDT_Perp	+0.0078%	4h	4,334.1	+0.015%	$1.4M	$3.1M	25x	as long as short
Binance XAUUSDT	+0.0079%	4h	4,333.9	+0.008%	$441.4M	$2.43B	100x	as long as short
edgeX XAUUSDC	+0.0082%	4h	4,330.2	−0.075%	$30.3M	$66.5M	50x	as long as short
Lighter RH XAU	+0.0096%	1h	4,336.1	+0.060%	$19.7M	$40.0M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,330.8	−0.062%	$1.4M	$1.3M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,329.9	−0.084%	$287K	$227K	50x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,332.9	−0.014%	$160K	$87	10x	as long as short
Polymarket Perps GOLD-USD	+0.0116%	1h	4,334.2	+0.016%	$4.3M	$1.7M	20x	as long as short
Phoenix GOLD	+0.0127%	1h	4,332	−0.034%	$43K	$71K	25x	as long as short
Bybit XAUUSDT	+0.0127%	4h	4,334.9	+0.033%	$82.7M	$169.2M	150x	as long as short
Kalshi KXGOLDPERP	+0.0140%	24h	4,335.3	+0.042%	$3.5M	$51.2M	15x	as long as short
Extended XAU-USD	+0.0144%	1h	4,330.4	−0.070%	$12.5M	$34.5M	25x	as long as short
Bullet GOLD-USD	+0.0159%	1h	4,334.2	+0.017%	$59K	$77K	10x	as long as short
Bitget XAUUSDT	+0.0198%	4h	4,334.3	+0.018%	$72.7M	$139.9M	100x	as long as short
RISEx XAU/USDC	+0.0205%	1h	4,334.1	+0.014%	$4.7M	$13.2M	25x	as long as short
Phemex XAUUSDT	+0.0208%	4h	4,336.7	+0.074%	$2.3M	$777K	100x	as long as short
OKX XAU-USDT-SWAP	+0.0232%	8h	4,334.6	+0.026%	$170.8M	$361.4M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0253%	1h	4,331.2	−0.053%	$583K	$167K	25x	as long as short
BloFin XAU-USDT	+0.0321%	4h	4,334.6	+0.025%	$16.4M	$5.3M	100x	as long as short
GMX GOLD/USD [ETH-USDC]short	L +0.0461% / S −0.0308%	1h	4,335.2	+0.039%	$254K	—	111x
HTX XAU-USDT	+0.1046%	4h	4,340.1	+0.152%	$3.2M	$7.1M	75x	as long as short