Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0153%/8h= +16.8% APRpaid last 24h +0.022%

Price spread now: Polymarket Perps against Paradex−0.001%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 Polymarket Perps

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: +$5 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	4,344.7	0.0060	pay 0.0060% / 8h	3h 19m	$19K	$5K	5x
Short	Polymarket Perps GOLD-USD	4,344.6	0.0213	get 0.0027% / 1h	19m 37s	$4.3M	$2.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.001%Rate

Funding earned: $32.13
Price spread: −0.001% → 0.000%: −$0.13
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: $20
Costs to cover: 0.120%
Break-even: 2.6 days

Slippage unknown: Paradex: no order-book sample; Polymarket Perps: live order book, 4 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 Polymarket Perps live order book, 4 min ago	0.12 bp	4.1 bp −$4	4.7 bp −$47	5.6 bp −$563	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
SunX XAU-USDT	0.0000%	4h	4,349.4	+0.108%	$92K	$8.6M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,340.7	−0.090%	$272K	—	250x	as long as short
RISEx XAU/USDC	+0.0005%	1h	4,345.1	+0.010%	$3.9M	$12.4M	25x	as long as short
Bluefin GOLD-PERP	+0.0018%	1h	4,338.3	−0.147%	$25K	$14K	20x	as long as short
Extended XAU-USD	+0.0032%	1h	4,340.9	−0.086%	$13.3M	$37.2M	25x	as long as short
Bybit XAUUSDT	+0.0033%	4h	4,345.5	+0.019%	$79.9M	$152.2M	150x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.133%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,344.6	−0.001%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0042%	1h	4,344.2	−0.011%	$5.6M	$2.1M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,377.4	+0.754%	—	$1.0M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:GOLD	+0.0050%	1h	4,341.5	−0.073%	$293.7M	$49.2M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,341.9	−0.063%	$15.0M	$56.9M	25x	as long as short
Kalshi KXGOLDPERP	+0.0051%	24h	4,342.1	−0.059%	$4.3M	$37.5M	15x	as long as short
Lighter XAU	+0.0056%	1h	4,343.9	−0.017%	$20.7M	$34.7M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0056%	1h	4,341.4	−0.075%	$2.1M	$4.8M	25x	as long as short
Paradex XAU-USD-PERPlong	+0.0060%	8h	4,344.7	long leg	$19K	$5K	5x
Lighter RH XAU	+0.0072%	1h	4,346.5	+0.043%	$20.2M	$40.0M	25x	as long as short
Gate XAU_USDT	+0.0090%	4h	4,346.3	+0.037%	$268.7M	$417.6M	100x	as long as short
Aster XAUUSD1	+0.0092%	4h	4,346.5	+0.042%	$71.5M	$331.8M	20x	as long as short
Pacifica XAU	+0.0100%	1h	4,341.1	−0.082%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,340.8	−0.088%	$274K	$203K	50x	as long as short
Hotstuff GOLD-PERP	+0.0104%	1h	4,340.9	−0.087%	$33K	—	25x	as long as short
Variational Omni XAU	+0.0104%	4h	4,343.9	−0.017%	$48.3M	$27.5M	—	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,343.9	−0.017%	$161K	$87	10x	as long as short
MEXC XAU_USDT	+0.0118%	4h	4,345	+0.008%	$371.8M	$320.5M	1000x	as long as short
Binance XAUUSDT	+0.0119%	4h	4,345	+0.007%	$418.5M	$2.09B	100x	as long as short
edgeX XAUUSDC	+0.0129%	4h	4,340.2	−0.103%	$30.2M	$58.2M	50x	as long as short
Phoenix GOLD	+0.0136%	1h	4,340.5	−0.096%	$47K	$77K	25x	as long as short
Phemex XAUUSDT	+0.0165%	4h	4,347.7	+0.069%	$2.2M	$967K	100x	as long as short
GRVT XAU_USDT_Perp	+0.0182%	4h	4,344.6	−0.001%	$1.4M	$2.9M	25x	as long as short
Bullet GOLD-USD	+0.0212%	1h	4,345	+0.008%	$59K	$82K	10x	as long as short
Polymarket Perps GOLD-USDshort	+0.0213%	1h	4,344.6	−0.001%	$4.3M	$2.0M	20x
Deribit GOLD_USDC-PERPETUAL	+0.0234%	1h	4,343.2	−0.034%	$205K	$826K	25x	as long as short
Kraken Futures PF_XAUUSD	+0.0259%	1h	4,341.9	−0.063%	$592K	$132K	25x	as long as short
Bitget XAUUSDT	+0.0266%	4h	4,345.3	+0.015%	$71.0M	$109.2M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0326%	8h	4,345.5	+0.019%	$167.2M	$282.3M	100x	as long as short
BloFin XAU-USDT	+0.0358%	4h	4,341.8	−0.066%	$15.7M	$4.4M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0427% / S −0.0252%	1h	4,345.2	+0.011%	$250K	—	111x	as long as short
HTX XAU-USDT	+0.0547%	4h	4,348.2	+0.081%	$2.8M	$4.6M	75x	as long as short