Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0011%/8h= −1.2% APRpaid last 24h 0.000%

Price spread now: Lighter against Paradex0.000%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 Lighter

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 · Lighter: Season 3 · 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: $0 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	4,322.3	0.0075	pay 0.0075% / 8h	1h 23m	$2K	$13K	5x
Short	Lighter XAU	4,322.3	0.0064	get 0.0008% / 1h	23m 45s	$20.3M	$30.6M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$2.35
Price spread: 0.000% → 0.000%: −$0.03
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Lighter: 0 bp × 2 orders: $0
Net: −$6.38
Costs to cover: 0.040%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Lighter: live order book, 5 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 Lighter live order book, 5 min ago	0.28 bp	0.3 bp $0	2.1 bp −$21	8.7 bp −$870	19.2 bp −$9,584

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	−0.0064%	1h	4,318.2	−0.094%	$25K	$1K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,326.6	+0.100%	$92K	$7.7M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,318.9	−0.079%	$270K	—	250x	as long as short
Bybit XAUUSDT	+0.0013%	4h	4,324.1	+0.041%	$77.3M	$154.9M	150x	as long as short
Hotstuff GOLD-PERP	+0.0032%	1h	4,319	−0.077%	$32K	—	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.650%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,323.4	+0.025%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0042%	1h	4,322	−0.007%	$5.4M	$2.0M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,354.3	+0.740%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,319.4	−0.067%	$291.5M	$51.2M	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	4,318.2	−0.095%	$15.0M	$55.3M	25x	as long as short
Lighter XAUshort	+0.0064%	1h	4,322.3	0.000%	$20.3M	$30.6M	25x
Aster XAUUSD1	+0.0067%	4h	4,325.2	+0.067%	$72.5M	$276.9M	20x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,320.3	−0.047%	$2.1M	$4.9M	25x	as long as short
Paradex XAU-USD-PERPlong	+0.0075%	8h	4,322.3	long leg	$2K	$13K	5x
Kalshi KXGOLDPERP	+0.0078%	24h	4,323.8	+0.034%	$3.8M	$43.7M	15x	as long as short
GRVT XAU_USDT_Perp	+0.0082%	4h	4,323.1	+0.018%	$1.4M	$3.0M	25x	as long as short
Extended XAU-USD	+0.0088%	1h	4,319.1	−0.074%	$12.9M	$37.0M	25x	as long as short
Variational Omni XAU	+0.0090%	4h	4,322.1	−0.004%	$47.3M	$28.9M	—	as long as short
MEXC XAU_USDT	+0.0096%	4h	4,323.5	+0.028%	$362.1M	$331.0M	1000x	as long as short
Binance XAUUSDT	+0.0097%	4h	4,323.5	+0.027%	$417.2M	$2.12B	100x	as long as short
Phoenix GOLD	+0.0100%	1h	4,319.6	−0.063%	$47K	$79K	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,319.4	−0.067%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,319.8	−0.057%	$272K	$208K	50x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,321.8	−0.012%	$160K	$87	10x	as long as short
edgeX XAUUSDC	+0.0108%	4h	4,318.8	−0.082%	$30.0M	$59.5M	50x	as long as short
Gate XAU_USDT	+0.0110%	4h	4,325	+0.063%	$280.9M	$418.8M	100x	as long as short
Lighter RH XAU	+0.0112%	1h	4,325	+0.061%	$19.8M	$38.9M	25x	as long as short
Kraken Futures PF_XAUUSD	+0.0154%	1h	4,319.2	−0.072%	$584K	$135K	25x	as long as short
Bullet GOLD-USD	+0.0179%	1h	4,322.2	−0.003%	$59K	$82K	10x	as long as short
RISEx XAU/USDC	+0.0184%	1h	4,325.1	+0.064%	$4.2M	$12.9M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0209%	1h	4,322.1	−0.005%	$4.3M	$1.9M	20x	as long as short
Bitget XAUUSDT	+0.0222%	4h	4,323.2	+0.021%	$67.7M	$118.0M	100x	as long as short
HTX XAU-USDT	+0.0261%	4h	4,325.3	+0.070%	$2.8M	$4.9M	75x	as long as short
OKX XAU-USDT-SWAP	+0.0303%	8h	4,323.4	+0.025%	$171.9M	$298.3M	100x	as long as short
Phemex XAUUSDT	+0.0330%	4h	4,325.3	+0.069%	$2.2M	$967K	100x	as long as short
BloFin XAU-USDT	+0.0337%	4h	4,322.4	+0.001%	$16.2M	$4.6M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0398%	1h	4,321.8	−0.012%	$191K	$836K	25x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0462% / S −0.0307%	1h	4,322	−0.007%	$252K	—	111x	as long as short