Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0155%/8h= +16.9% APRpaid last 24h +0.059%

Price spread now: Kraken Futures against Paradex−0.032%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 Kraken Futures

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

Funding pays, the price is against you. Kraken Futures is 0.032% cheaper against Paradex than usual: you would sell low and buy high (spread −0.032% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 17 hours of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex XAU-USD-PERP	4,322.6	0.0073	pay 0.0073% / 8h	56m 53s	$2K	$14K	5x
Short	Kraken Futures PF_XAUUSD	4,321.2	0.0228	get 0.0028% / 1h	56m 53s	$578K	$136K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.032%Rate

Funding earned: $32.5
Price spread: −0.032% → 0.000%: −$3.24
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $15.26
Costs to cover: 0.140%
Break-even: 3.7 days

Slippage unknown: Paradex: no order-book sample; Kraken Futures: live order book, 46 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 Kraken Futures live order book, 46 min ago	3.15 bp	11.0 bp −$11	20.3 bp −$203	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	−0.0124%	1h	4,318.3	−0.098%	$25K	$1K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,329.5	+0.160%	$92K	$7.5M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,320.2	−0.056%	$270K	—	250x	as long as short
Bybit XAUUSDT	+0.0026%	4h	4,324.9	+0.054%	$76.9M	$153.9M	150x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.644%	$619	$54	52x	as long as short
Lighter XAU	+0.0040%	1h	4,324	+0.034%	$20.3M	$28.8M	25x	as long as short
StandX XAU-USD	+0.0040%	1h	4,324.7	+0.049%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0045%	1h	4,322.7	+0.003%	$5.4M	$2.0M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,355.5	+0.762%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,320.5	−0.048%	$291.5M	$51.6M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps XAU-USD.P	+0.0050%	1h	4,319	−0.084%	$15.0M	$55.7M	25x	as long as short
Hotstuff GOLD-PERP	+0.0056%	1h	4,320.6	−0.046%	$32K	—	25x	as long as short
Aster XAUUSD1	+0.0060%	4h	4,326	+0.080%	$72.7M	$273.0M	20x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,319.3	−0.076%	$2.1M	$4.9M	25x	as long as short
Paradex XAU-USD-PERPlong	+0.0073%	8h	4,322.6	long leg	$2K	$14K	5x
Kalshi KXGOLDPERP	+0.0085%	24h	4,324.6	+0.047%	$3.8M	$44.3M	15x	as long as short
Lighter RH XAU	+0.0088%	1h	4,326.5	+0.091%	$20.0M	$38.5M	25x	as long as short
Variational Omni XAU	+0.0094%	4h	4,321.5	−0.025%	$47.2M	$29.1M	—	as long as short
GRVT XAU_USDT_Perp	+0.0098%	4h	4,321.8	−0.017%	$1.4M	$3.0M	25x	as long as short
Phoenix GOLD	+0.0100%	1h	4,319.5	−0.071%	$47K	$79K	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,319.3	−0.076%	$1.4M	$1.2M	10x	as long as short
MEXC XAU_USDT	+0.0100%	4h	4,324.9	+0.054%	$365.2M	$324.4M	1000x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,318.8	−0.088%	$272K	$208K	50x	as long as short
Binance XAUUSDT	+0.0100%	4h	4,324.4	+0.042%	$424.7M	$2.14B	100x	as long as short
Gate XAU_USDT	+0.0102%	4h	4,326.1	+0.082%	$279.4M	$407.9M	100x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,323.5	+0.021%	$160K	$87	10x	as long as short
edgeX XAUUSDC	+0.0110%	4h	4,319	−0.083%	$30.1M	$59.2M	50x	as long as short
Extended XAU-USD	+0.0136%	1h	4,320.8	−0.041%	$12.9M	$36.1M	25x	as long as short
Bullet GOLD-USD	+0.0166%	1h	4,323.3	+0.017%	$59K	$81K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0192%	1h	4,322.7	+0.003%	$4.3M	$2.0M	20x	as long as short
Bitget XAUUSDT	+0.0206%	4h	4,324	+0.033%	$68.5M	$118.3M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0213%	1h	4,324	+0.033%	$163K	$860K	25x	as long as short
Kraken Futures PF_XAUUSDshort	+0.0228%	1h	4,321.2	−0.032%	$578K	$136K	25x
OKX XAU-USDT-SWAP	+0.0293%	8h	4,324.4	+0.042%	$173.3M	$300.8M	100x	as long as short
BloFin XAU-USDT	+0.0340%	4h	4,324.8	+0.052%	$16.4M	$4.6M	100x	as long as short
HTX XAU-USDT	+0.0343%	4h	4,330.3	+0.178%	$3.2M	$5.8M	75x	as long as short
Phemex XAUUSDT	+0.0366%	4h	4,325.9	+0.078%	$2.2M	$975K	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0462% / S −0.0307%	1h	4,323.9	+0.031%	$253K	—	111x	as long as short
RISEx XAU/USDC	+0.0643%	1h	4,325.6	+0.070%	$4.1M	$12.8M	25x	as long as short