Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0038%/8h= −4.1% APRpaid last 24h −0.003%

Price spread now: StandX against Paradex+0.031%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 StandX

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 · StandX: Active · farm boardneeds both histories

The price spread pays, funding is against you. StandX is 0.031% dearer against Paradex than usual: you sell high and buy low (spread +0.031% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex XAU-USD-PERP	4,322	0.0078	pay 0.0078% / 8h	1h 18m	$2K	$14K	5x
Short	StandX XAU-USD	4,323.4	0.0040	get 0.0005% / 1h	18m 15s	$3.8M	$4.5M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX 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 StandXbpOrdersPrice spread, now +0.031%Rate

Funding earned: −$7.89
Price spread: +0.031% → 0.000%: $3.15
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee StandX: 4 bp × 2 orders: −$8
Net: −$16.74
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; StandX: 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 StandX live order book, 1 min ago	0.23 bp	10.6 bp −$11	10.9 bp −$109	11.4 bp −$1,144	15.0 bp −$7,505

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	−0.0062%	1h	4,316.5	−0.128%	$25K	$1K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,327.1	+0.117%	$92K	$7.6M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,319.8	−0.053%	$270K	—	250x	as long as short
Hotstuff GOLD-PERP	+0.0016%	1h	4,319.3	−0.063%	$32K	—	25x	as long as short
Bybit XAUUSDT	+0.0020%	4h	4,324.6	+0.058%	$77.3M	$154.4M	150x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.657%	$619	$54	52x	as long as short
StandX XAU-USDshort	+0.0040%	1h	4,323.4	+0.031%	$3.8M	$4.5M	40x
QFEX GOLD-USD	+0.0042%	1h	4,322	−0.001%	$5.4M	$2.0M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,355.1	+0.765%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,319.6	−0.056%	$291.5M	$51.3M	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	4,318.6	−0.079%	$15.0M	$55.5M	25x	as long as short
Aster XAUUSD1	+0.0066%	4h	4,325.2	+0.072%	$72.5M	$274.5M	20x	as long as short
Lighter XAU	+0.0072%	1h	4,322.6	+0.013%	$20.3M	$30.7M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,319.1	−0.068%	$2.1M	$4.9M	25x	as long as short
Paradex XAU-USD-PERPlong	+0.0078%	8h	4,322	long leg	$2K	$14K	5x
Kalshi KXGOLDPERP	+0.0079%	24h	4,324	+0.045%	$3.8M	$43.9M	15x	as long as short
GRVT XAU_USDT_Perp	+0.0086%	4h	4,323.2	+0.027%	$1.4M	$3.0M	25x	as long as short
Variational Omni XAU	+0.0093%	4h	4,322.6	+0.013%	$47.3M	$28.8M	—	as long as short
MEXC XAU_USDT	+0.0098%	4h	4,323.9	+0.042%	$367.9M	$332.1M	1000x	as long as short
Phoenix GOLD	+0.0100%	1h	4,319.2	−0.066%	$47K	$79K	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,319.4	−0.061%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,319.8	−0.053%	$272K	$208K	50x	as long as short
Binance XAUUSDT	+0.0100%	4h	4,323.7	+0.037%	$423.2M	$2.13B	100x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,322.5	+0.011%	$160K	$87	10x	as long as short
edgeX XAUUSDC	+0.0116%	4h	4,318.4	−0.085%	$30.0M	$59.7M	50x	as long as short
Gate XAU_USDT	+0.0118%	4h	4,325.1	+0.071%	$282.4M	$421.3M	100x	as long as short
Lighter RH XAU	+0.0120%	1h	4,324.9	+0.066%	$19.9M	$39.1M	25x	as long as short
Extended XAU-USD	+0.0120%	1h	4,319.2	−0.065%	$12.9M	$37.0M	25x	as long as short
Kraken Futures PF_XAUUSD	+0.0153%	1h	4,320.6	−0.033%	$577K	$146K	25x	as long as short
RISEx XAU/USDC	+0.0184%	1h	4,325.2	+0.072%	$4.1M	$12.8M	25x	as long as short
Bullet GOLD-USD	+0.0184%	1h	4,323.4	+0.032%	$59K	$82K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0214%	1h	4,323.2	+0.027%	$4.3M	$1.9M	20x	as long as short
Bitget XAUUSDT	+0.0222%	4h	4,323.3	+0.029%	$67.6M	$118.3M	100x	as long as short
HTX XAU-USDT	+0.0268%	4h	4,327.7	+0.130%	$3.0M	$5.4M	75x	as long as short
OKX XAU-USDT-SWAP	+0.0302%	8h	4,324.5	+0.057%	$172.6M	$299.5M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0306%	1h	4,322.3	+0.006%	$191K	$837K	25x	as long as short
Phemex XAUUSDT	+0.0327%	4h	4,325.6	+0.082%	$2.2M	$967K	100x	as long as short
BloFin XAU-USDT	+0.0339%	4h	4,322.9	+0.020%	$16.2M	$4.6M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0461% / S −0.0307%	1h	4,323.6	+0.037%	$252K	—	111x	as long as short