Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.054%

Price spread now: Paradex against Deribit+0.023%7-day average — · you sell dearer than you buy

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

Long on Deribit 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 0.023% dearer against Deribit than usual: you sell high and buy low, +$2 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	Deribit GOLD_USDC-PERPETUAL	4,333.5	0.0050	pay 0.0006% / 1h	43m 11s	$135K	$707K	25x
Short	Paradex XAU-USD-PERP	4,334.5	0.0054	get 0.0054% / 8h	5h 43m	$2K	$13K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Deribit. 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 DeribitbpFee ParadexbpOrdersPrice spread, now +0.023%Rate

Funding earned: $0.77
Price spread: +0.023% → 0.000%: $2.34
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$7.89
Costs to cover: 0.110%
Break-even: 78.3 days

Slippage unknown: Deribit: 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 Deribit live order book, 4 min ago	0.12 bp	4.3 bp −$4	5.6 bp −$56	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 exchanges

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
Hotstuff GOLD-PERP	−3.2000%	1h	4,318.3	−0.351%	$32K	—	25x	as long as short
Bluefin GOLD-PERP	−0.0008%	1h	4,328.2	−0.121%	$25K	$1K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,339.1	+0.130%	$92K	$5.9M	20x	as long as short
Coinbase International GOLD-PERP-INTX	0.0000%	1h	4,330.6	−0.067%	$2.1M	$5.1M	25x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,331.8	−0.039%	$304K	—	250x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.390%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,335.5	+0.046%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0041%	1h	4,333.9	+0.009%	$6.7M	$3.2M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,368.3	+0.803%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,331.5	−0.046%	$292.4M	$51.6M	25x	as long as short

Show all 39 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit GOLD_USDC-PERPETUALlong	+0.0050%	1h	4,333.5	long leg	$135K	$707K	25x
Ondo Perps XAU-USD.P	+0.0050%	1h	4,330.2	−0.076%	$15.1M	$59.5M	25x	as long as short
Paradex XAU-USD-PERPshort	+0.0054%	8h	4,334.5	+0.023%	$2K	$13K	5x
Aster XAUUSD1	+0.0054%	4h	4,336.2	+0.061%	$72.3M	$276.0M	20x	as long as short
Variational Omni XAU	+0.0074%	4h	4,333.5	+0.001%	$47.3M	$29.2M	—	as long as short
Gate XAU_USDT	+0.0076%	4h	4,336.4	+0.066%	$298.2M	$445.0M	100x	as long as short
Polymarket Perps GOLD-USD	+0.0077%	1h	4,334.6	+0.025%	$4.3M	$1.7M	20x	as long as short
Lighter XAU	+0.0080%	1h	4,334.4	+0.021%	$20.2M	$30.4M	25x	as long as short
Lighter RH XAU	+0.0088%	1h	4,336.6	+0.072%	$19.7M	$40.0M	25x	as long as short
Binance XAUUSDT	+0.0092%	4h	4,334.7	+0.028%	$441.7M	$2.43B	100x	as long as short
MEXC XAU_USDT	+0.0094%	4h	4,334.7	+0.027%	$367.1M	$353.3M	1000x	as long as short
GRVT XAU_USDT_Perp	+0.0094%	4h	4,336.8	+0.076%	$1.4M	$3.1M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,331.2	−0.054%	$1.4M	$1.3M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,334	+0.012%	$284K	$223K	50x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,333.6	+0.003%	$160K	$87	10x	as long as short
edgeX XAUUSDC	+0.0108%	4h	4,330.5	−0.070%	$30.3M	$67.7M	50x	as long as short
Extended XAU-USD	+0.0120%	1h	4,331.1	−0.055%	$12.5M	$34.6M	25x	as long as short
Bybit XAUUSDT	+0.0122%	4h	4,336.2	+0.063%	$82.8M	$172.1M	150x	as long as short
Phoenix GOLD	+0.0127%	1h	4,333.2	−0.007%	$43K	$71K	25x	as long as short
Kalshi KXGOLDPERP	+0.0137%	24h	4,335.8	+0.053%	$3.5M	$51.1M	15x	as long as short
Bullet GOLD-USD	+0.0163%	1h	4,334.6	+0.026%	$59K	$76K	10x	as long as short
RISEx XAU/USDC	+0.0205%	1h	4,334.8	+0.030%	$4.7M	$13.2M	25x	as long as short
Bitget XAUUSDT	+0.0210%	4h	4,335.1	+0.037%	$72.8M	$139.5M	100x	as long as short
Phemex XAUUSDT	+0.0227%	4h	4,337.8	+0.098%	$2.3M	$772K	100x	as long as short
OKX XAU-USDT-SWAP	+0.0237%	8h	4,336	+0.058%	$170.8M	$361.5M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0253%	1h	4,331.5	−0.046%	$583K	$169K	25x	as long as short
BloFin XAU-USDT	+0.0334%	4h	4,334.6	+0.026%	$16.3M	$5.3M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0460% / S −0.0308%	1h	4,334.6	+0.026%	$253K	—	111x	as long as short
HTX XAU-USDT	+0.1073%	4h	4,341.1	+0.176%	$3.2M	$7.1M	75x	as long as short