Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0081%/8h= +8.9% APRpaid last 24h +0.021%

Price spread now: Paradex against SunX−0.111%7-day average — · you buy dearer than you sell

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

Long on SunX 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 pays, the price is against you. Paradex is 0.111% cheaper against SunX than usual: you would sell low and buy high (spread −0.111% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 4.6 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX XAU-USDT	4,366.3	0	get 0.0000% / 4h	3h 25m	$93K	$10.2M	20x
Short	Paradex XAU-USD-PERP	4,361.4	0.0081	get 0.0081% / 8h	7h 25m	$19K	$5K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against SunX. 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 SunXbpFee ParadexbpOrdersPrice spread, now −0.111%Rate

Funding earned: $17
Price spread: −0.111% → 0.000%: −$11.07
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$6.07
Costs to cover: 0.120%
Break-even: 9.5 days

Slippage unknown: SunX: live order book, 4 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 SunX live order book, 4 min ago	61.72 bp	65.7 bp −$66	doesn't fit	doesn't fit	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
Aster XAUUSD1	0.0000%	4h	4,361.5	−0.109%	$71.1M	$200.2M	20x	as long as short
Gate XAU_USDT	0.0000%	4h	4,362.9	−0.078%	$265.4M	$415.8M	100x	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,358.8	−0.171%	$4.0M	$36.6M	15x	as long as short
SunX XAU-USDTlong	0.0000%	4h	4,366.3	long leg	$93K	$10.2M	20x
Variational Omni XAU	0.0000%	4h	4,360.4	−0.133%	$47.8M	$28.1M	—	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,358	−0.189%	$267K	—	250x	as long as short
MEXC XAU_USDT	+0.0018%	4h	4,361.6	−0.107%	$373.1M	$327.6M	1000x	as long as short
Binance XAUUSDT	+0.0021%	4h	4,361.9	−0.099%	$411.9M	$2.15B	100x	as long as short
edgeX XAUUSDC	+0.0023%	4h	4,356.2	−0.231%	$30.3M	$60.3M	50x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.363%	$619	$54	52x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX XAU-USD	+0.0040%	1h	4,362.9	−0.077%	$3.8M	$4.7M	40x	as long as short
QFEX GOLD-USD	+0.0045%	1h	4,361.2	−0.116%	$5.6M	$1.9M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,395.8	+0.677%	—	$1.0M	25x	as long as short
RISEx XAU/USDC	+0.0048%	1h	4,361.6	−0.107%	$3.4M	$12.3M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,358.4	−0.180%	$293.9M	$52.6M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,356.6	−0.221%	$14.7M	$57.2M	25x	as long as short
Phoenix GOLD	+0.0055%	1h	4,358.5	−0.177%	$48K	$64K	25x	as long as short
Hotstuff GOLD-PERP	+0.0056%	1h	4,358.5	−0.177%	$33K	—	25x	as long as short
Bitget XAUUSDT	+0.0056%	4h	4,362.2	−0.093%	$69.6M	$113.3M	100x	as long as short
Lighter XAU	+0.0072%	1h	4,360.8	−0.125%	$20.6M	$44.1M	25x	as long as short
Paradex XAU-USD-PERPshort	+0.0081%	8h	4,361.4	−0.111%	$19K	$5K	5x
BloFin XAU-USDT	+0.0082%	4h	4,363.5	−0.064%	$15.5M	$4.5M	100x	as long as short
Aevo XAU-PERP	+0.0088%	1h	4,361.1	−0.118%	$162K	$87	10x	as long as short
Lighter RH XAU	+0.0096%	1h	4,362.9	−0.077%	$20.2M	$41.0M	25x	as long as short
Extended XAU-USD	+0.0096%	1h	4,357.9	−0.191%	$13.5M	$43.8M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0096%	1h	4,357.6	−0.198%	$2.0M	$5.1M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,357.9	−0.191%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,357.8	−0.194%	$275K	$204K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,354.6	−0.267%	$26K	$22K	20x	as long as short
Bybit XAUUSDT	+0.0113%	4h	4,362.5	−0.085%	$83.0M	$143.8M	150x	as long as short
Polymarket Perps GOLD-USD	+0.0126%	1h	4,360.8	−0.125%	$4.3M	$1.8M	20x	as long as short
GRVT XAU_USDT_Perp	+0.0154%	4h	4,362	−0.098%	$1.4M	$3.1M	25x	as long as short
OKX XAU-USDT-SWAP	+0.0198%	8h	4,362.6	−0.084%	$163.8M	$288.8M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0209%	1h	4,360.4	−0.134%	$235K	$656K	25x	as long as short
Bullet GOLD-USD	+0.0213%	1h	4,362.3	−0.090%	$59K	$81K	10x	as long as short
Kraken Futures PF_XAUUSD	+0.0225%	1h	4,358.7	−0.174%	$594K	$151K	25x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0389% / S −0.0197%	1h	4,361.9	−0.099%	$252K	—	111x	as long as short
Phemex XAUUSDT	+0.0469%	4h	4,364.7	−0.037%	$2.2M	$1.1M	100x	as long as short
HTX XAU-USDT	+0.0593%	4h	4,365.2	−0.023%	$2.9M	$3.9M	75x	as long as short