Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.010%

Price spread now: Paradex against Polymarket Perps+0.039%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Polymarket Perps Short on Paradex

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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.039% dearer against Polymarket Perps than usual: you sell high and buy low, +$4 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps GOLD-USD	4,351.6	0.0050	pay 0.0006% / 1h	48m 03s	$4.3M	$1.7M	20x
Short	Paradex XAU-USD-PERP	4,353.3	0.0050	get 0.0050% / 8h	1h 48m	$19K	$6K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Polymarket Perps. 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 Polymarket PerpsbpFee ParadexbpOrdersPrice spread, now +0.039%Rate

Funding earned: $0.09
Price spread: +0.039% → 0.000%: $3.94
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$7.96
Costs to cover: 0.120%
Break-even: 599.8 days

Slippage unknown: Polymarket Perps: live order book, 6 min ago; Paradex: no order-book sample. 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 Polymarket Perps live order book, 6 min ago	0.12 bp	4.1 bp −$4	4.1 bp −$41	5.3 bp −$529	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

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
Kraken Futures PF_XAUUSD	−0.0175%	1h	4,350.5	−0.025%	$600K	$160K	25x	as long as short
tradeXYZ xyz:GOLD	−0.0066%	1h	4,348.4	−0.074%	$292.8M	$53.5M	25x	as long as short
Hotstuff GOLD-PERP	−0.0008%	1h	4,347.8	−0.087%	$33K	—	25x	as long as short
Aster XAUUSD1	0.0000%	4h	4,353.2	+0.037%	$71.3M	$238.6M	20x	as long as short
Binance XAUUSDT	0.0000%	4h	4,353	+0.033%	$410.0M	$2.09B	100x	as long as short
Bybit XAUUSDT	0.0000%	4h	4,353.6	+0.046%	$82.5M	$141.8M	150x	as long as short
RISEx XAU/USDC	0.0000%	1h	4,353	+0.032%	$3.4M	$12.6M	25x	as long as short
Gate XAU_USDT	0.0000%	4h	4,353.7	+0.048%	$271.0M	$406.8M	100x	as long as short
MEXC XAU_USDT	0.0000%	4h	4,352.8	+0.028%	$375.6M	$349.0M	1000x	as long as short
Bitget XAUUSDT	0.0000%	4h	4,353.4	+0.042%	$67.4M	$110.8M	100x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni XAU	0.0000%	4h	4,351.3	−0.006%	$47.9M	$32.5M	—	as long as short
GRVT XAU_USDT_Perp	0.0000%	4h	4,352.5	+0.020%	$1.4M	$3.2M	25x	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,351.1	−0.011%	$3.9M	$34.0M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,357	+0.123%	$93K	$10.7M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,349.2	−0.054%	$267K	—	10x	as long as short
QFEX GOLD-USD	+0.0002%	1h	4,352	+0.009%	$5.5M	$1.9M	20x	as long as short
edgeX XAUUSDC	+0.0014%	4h	4,346.6	−0.115%	$30.3M	$58.2M	50x	as long as short
Lighter XAU	+0.0032%	1h	4,351.2	−0.009%	$20.8M	$43.3M	25x	as long as short
Lighter RH XAU	+0.0032%	1h	4,353	+0.032%	$20.2M	$41.1M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,349.6	−0.047%	$13.0M	$49.6M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.027%	$619	$54	52x	as long as short
HTX XAU-USDT	+0.0033%	4h	4,356.9	+0.122%	$2.8M	$3.8M	75x	as long as short
StandX XAU-USD	+0.0040%	1h	4,350.4	−0.028%	$3.8M	$4.7M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,386.9	+0.811%	—	$995K	25x	as long as short
Polymarket Perps GOLD-USDlong	+0.0050%	1h	4,351.6	long leg	$4.3M	$1.7M	20x
Ondo Perps XAU-USD.P	+0.0050%	1h	4,349	−0.060%	$14.5M	$55.3M	25x	as long as short
Paradex XAU-USD-PERPshort	+0.0050%	8h	4,353.3	+0.039%	$19K	$6K	5x
Aevo XAU-PERP	+0.0080%	1h	4,351.9	+0.007%	$161K	$87	10x	as long as short
Bullet GOLD-USD	+0.0086%	1h	4,352.8	+0.028%	$59K	$84K	10x	as long as short
Pacifica XAU	+0.0100%	1h	4,349.7	−0.044%	$1.4M	$1.3M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,347.4	−0.097%	$273K	$204K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,392.7	+0.944%	$26K	$21K	20x	as long as short
Phoenix GOLD	+0.0109%	1h	4,348.1	−0.080%	$47K	$65K	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0118%	1h	4,351.2	−0.009%	$221K	$853K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0164%	8h	4,353.7	+0.048%	$158.5M	$268.5M	100x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0208%	1h	4,350	−0.037%	$2.0M	$5.1M	25x	as long as short
BloFin XAU-USDT	+0.0240%	4h	4,352.7	+0.025%	$14.7M	$4.3M	100x	as long as short
Phemex XAUUSDT	+0.0322%	4h	4,354.1	+0.058%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0450% / S −0.0246%	1h	4,352.8	+0.028%	$251K	—	29x	as long as short