Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.028%

Price spread now: SunX against Paradex+0.158%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 SunX

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 pays, funding is against you. SunX is 0.158% dearer against Paradex than usual: you sell high and buy low (spread +0.158% now, against zero (this spread has no 7-day history yet)): +$16 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 11 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex XAU-USD-PERP	4,363.2	0.0050	pay 0.0050% / 8h	43m 51s	$19K	$6K	5x
Short	SunX XAU-USDT	4,370.1	0	get 0.0000% / 4h	43m 51s	$93K	$10.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.158%Rate

Funding earned: −$10.54
Price spread: +0.158% → 0.000%: $15.81
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee SunX: 4 bp × 2 orders: −$8
Net: −$6.72
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Paradex: no order-book sample; SunX: 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 SunX live order book, 5 min ago	23.71 bp	29.7 bp −$30	47.2 bp −$472	doesn't fit	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	−0.0305%	1h	4,359.2	−0.091%	$26K	$21K	20x	as long as short
Phoenix GOLD	−0.0004%	1h	4,364.9	+0.039%	$48K	$65K	25x	as long as short
Aster XAUUSD1	0.0000%	4h	4,366.1	+0.067%	$71.6M	$228.4M	20x	as long as short
Binance XAUUSDT	0.0000%	4h	4,365.5	+0.053%	$407.9M	$2.11B	100x	as long as short
Bybit XAUUSDT	0.0000%	4h	4,366.3	+0.070%	$82.6M	$141.5M	150x	as long as short
RISEx XAU/USDC	0.0000%	1h	4,364.2	+0.022%	$3.4M	$12.4M	25x	as long as short
Gate XAU_USDT	0.0000%	4h	4,366.3	+0.071%	$268.2M	$407.2M	100x	as long as short
MEXC XAU_USDT	0.0000%	4h	4,365.5	+0.053%	$377.0M	$321.0M	1000x	as long as short
Bitget XAUUSDT	0.0000%	4h	4,365.9	+0.061%	$66.9M	$111.1M	100x	as long as short
Variational Omni XAU	0.0000%	4h	4,365.9	+0.062%	$48.5M	$30.6M	—	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	+0.096%	$1.4M	$3.1M	25x	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,362.4	−0.018%	$4.0M	$35.2M	15x	as long as short
SunX XAU-USDTshort	0.0000%	4h	4,370.1	+0.158%	$93K	$10.6M	20x
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,362.4	−0.019%	$268K	—	250x	as long as short
edgeX XAUUSDC	+0.0007%	4h	4,361.8	−0.032%	$30.3M	$58.2M	50x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0025%	1h	4,364.1	+0.021%	$235K	$735K	25x	as long as short
Bullet GOLD-USD	+0.0028%	1h	4,365.5	+0.053%	$60K	$81K	10x	as long as short
QFEX GOLD-USD	+0.0032%	1h	4,362.9	−0.007%	$5.6M	$1.7M	20x	as long as short
Lighter XAU	+0.0032%	1h	4,365.1	+0.044%	$20.9M	$44.3M	25x	as long as short
Lighter RH XAU	+0.0032%	1h	4,367.3	+0.094%	$20.3M	$41.6M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,362.4	−0.018%	$13.0M	$46.5M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.293%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,364.8	+0.037%	$3.8M	$4.7M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,399.8	+0.839%	—	$1.0M	25x	as long as short
Hotstuff GOLD-PERP	+0.0048%	1h	4,360.2	−0.069%	$33K	—	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,362.3	−0.021%	$293.7M	$52.3M	25x	as long as short
Paradex XAU-USD-PERPlong	+0.0050%	8h	4,363.2	long leg	$19K	$6K	5x
Ondo Perps XAU-USD.P	+0.0050%	1h	4,362.3	−0.021%	$14.5M	$56.1M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0074%	1h	4,365.4	+0.050%	$4.3M	$1.8M	20x	as long as short
Aevo XAU-PERP	+0.0080%	1h	4,364.7	+0.034%	$162K	$87	10x	as long as short
Pacifica XAU	+0.0100%	1h	4,360.4	−0.064%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,363.9	+0.016%	$277K	$204K	50x	as long as short
HTX XAU-USDT	+0.0135%	4h	4,368.8	+0.128%	$2.8M	$3.8M	75x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0152%	1h	4,361.6	−0.037%	$2.0M	$5.1M	25x	as long as short
OKX XAU-USDT-SWAP	+0.0154%	8h	4,366.9	+0.085%	$158.0M	$271.1M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0220%	1h	4,362.9	−0.006%	$602K	$138K	25x	as long as short
BloFin XAU-USDT	+0.0240%	4h	4,364.8	+0.037%	$14.7M	$4.4M	100x	as long as short
Phemex XAUUSDT	+0.0318%	4h	4,368.9	+0.131%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0388% / S −0.0197%	1h	4,365.5	+0.053%	$252K	—	111x	as long as short