Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0030%/8h= −3.3% APRpaid last 24h −0.006%

Price spread now: tradeXYZ against Paradex−0.061%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 tradeXYZ

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 · tradeXYZ: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and tradeXYZ is 0.061% cheaper against Paradex than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex XAU-USD-PERP	4,347.5	0.0080	pay 0.0080% / 8h	4h 09m	$19K	$5K	5x
Short	tradeXYZ xyz:GOLD	4,344.8	0.0050	get 0.0006% / 1h	9m 30s	$293.9M	$48.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.061%Rate

Funding earned: −$6.37
Price spread: −0.061% → 0.000%: −$6.14
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$34.51
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; tradeXYZ: live order book, 9 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 tradeXYZ live order book, 9 min ago	0.12 bp	9.1 bp −$9	9.8 bp −$98	11.7 bp −$1,169	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
RISEx XAU/USDC	0.0000%	1h	4,347.3	−0.003%	$3.4M	$12.3M	25x	as long as short
Gate XAU_USDT	0.0000%	4h	4,349.4	+0.043%	$266.5M	$417.6M	100x	as long as short
SunX XAU-USDT	0.0000%	4h	4,351.3	+0.087%	$92K	$8.9M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,343.1	−0.100%	$272K	—	250x	as long as short
Lighter XAU	+0.0032%	1h	4,346.7	−0.019%	$20.8M	$38.2M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,343.7	−0.087%	$13.2M	$38.2M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.068%	$619	$54	52x	as long as short
Lighter RH XAU	+0.0040%	1h	4,348.7	+0.028%	$20.1M	$39.4M	25x	as long as short
StandX XAU-USD	+0.0040%	1h	4,347.4	−0.002%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0041%	1h	4,347	−0.011%	$5.7M	$2.0M	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest GC-PERP	+0.0046%	1h	4,380.3	+0.755%	—	$1.0M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0048%	1h	4,343.7	−0.087%	$2.0M	$4.8M	25x	as long as short
Kalshi KXGOLDPERP	+0.0049%	24h	4,345.3	−0.050%	$4.2M	$37.4M	15x	as long as short
tradeXYZ xyz:GOLDshort	+0.0050%	1h	4,344.8	−0.061%	$293.9M	$48.8M	25x
Ondo Perps XAU-USD.P	+0.0050%	1h	4,344	−0.079%	$15.1M	$56.9M	25x	as long as short
Hotstuff GOLD-PERP	+0.0056%	1h	4,344.8	−0.061%	$33K	—	25x	as long as short
Aster XAUUSD1	+0.0063%	4h	4,349	+0.034%	$71.4M	$333.1M	20x	as long as short
Variational Omni XAU	+0.0076%	4h	4,345.3	−0.050%	$48.4M	$28.2M	—	as long as short
Paradex XAU-USD-PERPlong	+0.0080%	8h	4,347.5	long leg	$19K	$5K	5x
MEXC XAU_USDT	+0.0088%	4h	4,347.9	+0.009%	$372.8M	$320.5M	1000x	as long as short
Binance XAUUSDT	+0.0090%	4h	4,347.9	+0.009%	$413.9M	$2.10B	100x	as long as short
GRVT XAU_USDT_Perp	+0.0090%	4h	4,347	−0.012%	$1.4M	$2.9M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,343.7	−0.087%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,343.3	−0.096%	$274K	$203K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,340.4	−0.163%	$25K	$14K	20x	as long as short
edgeX XAUUSDC	+0.0101%	4h	4,342.2	−0.120%	$30.2M	$58.0M	50x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,346.3	−0.027%	$161K	$87	10x	as long as short
Phoenix GOLD	+0.0142%	1h	4,344.7	−0.064%	$47K	$77K	25x	as long as short
Polymarket Perps GOLD-USD	+0.0166%	1h	4,347.8	+0.008%	$4.3M	$2.0M	20x	as long as short
Bullet GOLD-USD	+0.0187%	1h	4,347	−0.011%	$59K	$82K	10x	as long as short
Kraken Futures PF_XAUUSD	+0.0194%	1h	4,344	−0.079%	$592K	$132K	25x	as long as short
Phemex XAUUSDT	+0.0232%	4h	4,349.4	+0.044%	$2.2M	$967K	100x	as long as short
Bitget XAUUSDT	+0.0234%	4h	4,348.3	+0.019%	$70.1M	$109.2M	100x	as long as short
Bybit XAUUSDT	+0.0240%	4h	4,349.1	+0.038%	$85.1M	$145.3M	150x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0256%	1h	4,345.7	−0.041%	$206K	$825K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0299%	8h	4,349	+0.035%	$165.3M	$282.0M	100x	as long as short
BloFin XAU-USDT	+0.0329%	4h	4,346.1	−0.032%	$15.6M	$4.5M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0418% / S −0.0239%	1h	4,347.3	−0.004%	$248K	—	111x	as long as short
HTX XAU-USDT	+0.0619%	4h	4,351.3	+0.088%	$2.8M	$4.6M	75x	as long as short