Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0021%/8h= −2.2% APRpaid last 24h +0.028%

Price spread now: RISEx against Paradex+0.009%7-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 RISEx

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	4,377.2	0.0068	pay 0.0068% / 8h	7h 48m	$19K	$5K	5x
Short	RISEx XAU/USDC	4,377.6	0.0048	get 0.0006% / 1h	48m 00s	$3.4M	$12.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.009%Rate

Funding earned: −$4.31
Price spread: +0.009% → 0.000%: $0.89
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$13.42
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; RISEx: live order book, 1 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 RISEx live order book, 1 min ago	0.08 bp	3.1 bp −$3	3.8 bp −$38	64.1 bp −$6,409	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	−0.0108%	1h	4,369.1	−0.187%	$26K	$22K	20x	as long as short
Hotstuff GOLD-PERP	−0.0032%	1h	4,373.8	−0.078%	$33K	—	25x	as long as short
Aster XAUUSD1	0.0000%	4h	4,376	−0.027%	$71.2M	$209.1M	20x	as long as short
Binance XAUUSDT	0.0000%	4h	4,376	−0.028%	$410.2M	$2.15B	100x	as long as short
MEXC XAU_USDT	0.0000%	4h	4,376.2	−0.024%	$374.4M	$321.4M	1000x	as long as short
Variational Omni XAU	0.0000%	4h	4,374.3	−0.066%	$48.7M	$27.9M	—	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,374.5	−0.062%	$4.0M	$36.6M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,380.1	+0.067%	$93K	$10.4M	20x	as long as short
Bitget XAUUSDT	+0.0002%	4h	4,376.2	−0.023%	$69.8M	$114.3M	100x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,371.7	−0.126%	$268K	—	250x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX XAUUSDC	+0.0007%	4h	4,369.8	−0.169%	$30.4M	$60.0M	50x	as long as short
Gate XAU_USDT	+0.0026%	4h	4,377.1	−0.003%	$266.3M	$409.3M	100x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.612%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,376.1	−0.026%	$3.8M	$4.7M	40x	as long as short
QFEX GOLD-USD	+0.0045%	1h	4,376.6	−0.014%	$5.6M	$1.9M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,410.9	+0.770%	—	$1.0M	25x	as long as short
RISEx XAU/USDCshort	+0.0048%	1h	4,377.6	+0.009%	$3.4M	$12.3M	25x
tradeXYZ xyz:GOLD	+0.0050%	1h	4,372.6	−0.105%	$294.7M	$52.5M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,372.7	−0.104%	$14.7M	$57.3M	25x	as long as short
Phoenix GOLD	+0.0055%	1h	4,375.3	−0.044%	$48K	$64K	25x	as long as short
Paradex XAU-USD-PERPlong	+0.0068%	8h	4,377.2	long leg	$19K	$5K	5x
Lighter XAU	+0.0072%	1h	4,375.1	−0.049%	$20.8M	$43.3M	25x	as long as short
Lighter RH XAU	+0.0080%	1h	4,377.5	+0.007%	$20.3M	$40.9M	25x	as long as short
Aevo XAU-PERP	+0.0080%	1h	4,374.9	−0.054%	$162K	$87	10x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0096%	1h	4,373.7	−0.080%	$2.0M	$5.1M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0099%	1h	4,375.7	−0.035%	$4.3M	$1.8M	20x	as long as short
Pacifica XAU	+0.0100%	1h	4,374.2	−0.069%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,373.2	−0.091%	$277K	$204K	50x	as long as short
Extended XAU-USD	+0.0112%	1h	4,371.7	−0.125%	$13.3M	$44.1M	25x	as long as short
OKX XAU-USDT-SWAP	+0.0171%	8h	4,378.8	+0.036%	$161.2M	$281.6M	100x	as long as short
Bybit XAUUSDT	+0.0173%	4h	4,376.8	−0.009%	$83.4M	$144.6M	150x	as long as short
Bullet GOLD-USD	+0.0184%	1h	4,376.3	−0.022%	$59K	$82K	10x	as long as short
Kraken Futures PF_XAUUSD	+0.0225%	1h	4,373.6	−0.083%	$596K	$146K	25x	as long as short
GRVT XAU_USDT_Perp	+0.0234%	4h	4,375.8	−0.032%	$1.4M	$3.1M	25x	as long as short
BloFin XAU-USDT	+0.0240%	4h	4,378.3	+0.026%	$14.8M	$4.6M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0276%	1h	4,374.3	−0.067%	$236K	$655K	25x	as long as short
Phemex XAUUSDT	+0.0344%	4h	4,377	−0.004%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0390% / S −0.0197%	1h	4,376.1	−0.025%	$253K	—	111x	as long as short
HTX XAU-USDT	+0.0522%	4h	4,382	+0.108%	$2.9M	$3.8M	75x	as long as short