Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0053%/8h= −5.8% APRpaid last 24h −0.014%

Price spread now: Paradex against Binance−0.011%7-day average — · you buy dearer than you sell

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

Long on Binance 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance XAUUSDT	4,346.9	0.0120	pay 0.0060% / 4h	3h 04m	$418.9M	$2.09B	100x
Short	Paradex XAU-USD-PERP	4,346.4	0.0067	get 0.0067% / 8h	3h 04m	$19K	$5K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Binance. 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 BinancebpFee ParadexbpOrdersPrice spread, now −0.011%Rate

Funding earned: −$11.1
Price spread: −0.011% → 0.000%: −$1.12
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$26.22
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 10 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 Binance live order book, 10 min ago	0.01 bp	5.0 bp −$5	5.4 bp −$54	7.3 bp −$728	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
Bluefin GOLD-PERP	−0.0013%	1h	4,339.8	−0.164%	$25K	$14K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,351.2	+0.099%	$92K	$8.6M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,342.6	−0.098%	$272K	—	250x	as long as short
RISEx XAU/USDC	+0.0005%	1h	4,347.3	+0.010%	$3.7M	$12.5M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,342.7	−0.095%	$13.2M	$37.3M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.081%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,346.1	−0.018%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0042%	1h	4,345.1	−0.041%	$5.6M	$2.1M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,379.4	+0.748%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,342.9	−0.092%	$293.8M	$49.1M	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	4,343.4	−0.080%	$15.0M	$56.8M	25x	as long as short
Kalshi KXGOLDPERP	+0.0052%	24h	4,345.4	−0.034%	$4.2M	$39.3M	15x	as long as short
Lighter XAU	+0.0056%	1h	4,345.9	−0.023%	$20.7M	$34.8M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0056%	1h	4,342.7	−0.096%	$2.1M	$4.7M	25x	as long as short
Bybit XAUUSDT	+0.0059%	4h	4,347.9	+0.024%	$80.1M	$152.0M	150x	as long as short
Gate XAU_USDT	+0.0060%	4h	4,348.3	+0.033%	$268.4M	$419.2M	100x	as long as short
Paradex XAU-USD-PERPshort	+0.0067%	8h	4,346.4	−0.011%	$19K	$5K	5x
Hotstuff GOLD-PERP	+0.0072%	1h	4,342.6	−0.098%	$33K	—	25x	as long as short
Lighter RH XAU	+0.0088%	1h	4,348.4	+0.036%	$20.2M	$40.2M	25x	as long as short
Aster XAUUSD1	+0.0100%	4h	4,346.5	−0.009%	$71.5M	$331.5M	20x	as long as short
Pacifica XAU	+0.0100%	1h	4,343	−0.089%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,341.7	−0.119%	$274K	$203K	50x	as long as short
Variational Omni XAU	+0.0105%	4h	4,345.4	−0.035%	$48.3M	$27.6M	—	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,345.9	−0.023%	$161K	$87	10x	as long as short
MEXC XAU_USDT	+0.0118%	4h	4,346.7	−0.003%	$370.4M	$322.0M	1000x	as long as short
Binance XAUUSDTlong	+0.0120%	4h	4,346.9	long leg	$418.9M	$2.09B	100x
edgeX XAUUSDC	+0.0135%	4h	4,340	−0.157%	$30.2M	$57.9M	50x	as long as short
Phoenix GOLD	+0.0136%	1h	4,341.7	−0.119%	$47K	$77K	25x	as long as short
GRVT XAU_USDT_Perp	+0.0148%	4h	4,345.6	−0.029%	$1.4M	$2.9M	25x	as long as short
Phemex XAUUSDT	+0.0192%	4h	4,349.1	+0.050%	$2.2M	$967K	100x	as long as short
Polymarket Perps GOLD-USD	+0.0203%	1h	4,346.6	−0.006%	$4.2M	$2.0M	20x	as long as short
Bullet GOLD-USD	+0.0206%	1h	4,347	+0.003%	$59K	$82K	10x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0234%	1h	4,345.1	−0.041%	$204K	$826K	25x	as long as short
Kraken Futures PF_XAUUSD	+0.0259%	1h	4,343.4	−0.080%	$590K	$135K	25x	as long as short
Bitget XAUUSDT	+0.0276%	4h	4,347.3	+0.009%	$71.1M	$108.8M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0331%	8h	4,348.2	+0.030%	$167.3M	$283.4M	100x	as long as short
BloFin XAU-USDT	+0.0360%	4h	4,346.2	−0.016%	$15.8M	$4.4M	100x	as long as short
HTX XAU-USDT	+0.0384%	4h	4,347.9	+0.024%	$2.8M	$4.6M	75x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0428% / S −0.0252%	1h	4,346.9	+0.001%	$250K	—	111x	as long as short