Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0019%/8h= −2.0% APRpaid last 24h −0.014%

Price spread now: QFEX against Paradex−0.014%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 QFEX

What this pair did over the last

the charts below follow

Funding, last 3 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: −$1 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	4,365.3	0.0050	pay 0.0050% / 8h	45m 30s	$19K	$6K	5x
Short	QFEX GOLD-USD	4,364.7	0.0032	get 0.0004% / 1h	45m 30s	$5.6M	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.014%Rate

Funding earned: −$3.92
Price spread: −0.014% → 0.000%: −$1.39
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$19.31
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; QFEX: live order book, 3 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 QFEX live order book, 3 min ago	2.40 bp	7.4 bp −$7	7.4 bp −$74	10.1 bp −$1,010	16.7 bp −$8,346

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	−0.0355%	1h	4,360.2	−0.118%	$26K	$21K	20x	as long as short
Phoenix GOLD	−0.0004%	1h	4,364.9	−0.009%	$48K	$65K	25x	as long as short
Aster XAUUSD1	0.0000%	4h	4,365.1	−0.006%	$71.5M	$228.5M	20x	as long as short
Binance XAUUSDT	0.0000%	4h	4,364.5	−0.019%	$408.3M	$2.10B	100x	as long as short
Bybit XAUUSDT	0.0000%	4h	4,365	−0.007%	$82.6M	$141.4M	150x	as long as short
RISEx XAU/USDC	0.0000%	1h	4,365	−0.007%	$3.4M	$12.4M	25x	as long as short
Gate XAU_USDT	0.0000%	4h	4,365.8	+0.010%	$268.1M	$406.7M	100x	as long as short
MEXC XAU_USDT	0.0000%	4h	4,363.7	−0.036%	$376.3M	$320.4M	1000x	as long as short
Bitget XAUUSDT	0.0000%	4h	4,364.5	−0.019%	$66.9M	$111.0M	100x	as long as short
Variational Omni XAU	0.0000%	4h	4,366.4	+0.024%	$48.5M	$30.9M	—	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT XAU_USDT_Perp	0.0000%	4h	4,367.4	+0.048%	$1.4M	$3.1M	25x	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,364.5	−0.019%	$4.0M	$35.2M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,371	+0.131%	$93K	$10.6M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,363.1	−0.051%	$268K	—	250x	as long as short
edgeX XAUUSDC	+0.0007%	4h	4,361.8	−0.080%	$30.3M	$58.2M	50x	as long as short
Bullet GOLD-USD	+0.0021%	1h	4,364	−0.029%	$60K	$81K	10x	as long as short
QFEX GOLD-USDshort	+0.0032%	1h	4,364.7	−0.014%	$5.6M	$1.7M	20x
Lighter XAU	+0.0032%	1h	4,364.7	−0.014%	$20.9M	$44.3M	25x	as long as short
Lighter RH XAU	+0.0032%	1h	4,366.7	+0.031%	$20.3M	$41.6M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,362	−0.076%	$13.0M	$46.6M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.341%	$619	$54	52x	as long as short
Hotstuff GOLD-PERP	+0.0040%	1h	4,362	−0.076%	$33K	—	25x	as long as short
StandX XAU-USD	+0.0040%	1h	4,366.4	+0.025%	$3.8M	$4.7M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,399.4	+0.781%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,360.9	−0.101%	$293.6M	$52.3M	25x	as long as short
Paradex XAU-USD-PERPlong	+0.0050%	8h	4,365.3	long leg	$19K	$6K	5x
Ondo Perps XAU-USD.P	+0.0050%	1h	4,361.5	−0.087%	$14.5M	$56.1M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0072%	1h	4,363.6	−0.039%	$4.3M	$1.8M	20x	as long as short
Aevo XAU-PERP	+0.0080%	1h	4,365.6	+0.007%	$162K	$87	10x	as long as short
Pacifica XAU	+0.0100%	1h	4,362	−0.076%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,363.9	−0.032%	$277K	$204K	50x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0117%	1h	4,365	−0.007%	$235K	$735K	25x	as long as short
HTX XAU-USDT	+0.0131%	4h	4,370	+0.107%	$2.8M	$3.8M	75x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0152%	1h	4,364.6	−0.016%	$2.0M	$5.1M	25x	as long as short
OKX XAU-USDT-SWAP	+0.0154%	8h	4,365.2	−0.002%	$157.8M	$270.6M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0220%	1h	4,363.9	−0.033%	$602K	$138K	25x	as long as short
BloFin XAU-USDT	+0.0240%	4h	4,367.4	+0.048%	$14.7M	$4.4M	100x	as long as short
Phemex XAUUSDT	+0.0301%	4h	4,369.6	+0.098%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0388% / S −0.0197%	1h	4,366.4	+0.026%	$252K	—	111x	as long as short