Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0081%/8h= +8.8% APRpaid last 24h +0.021%

Price spread now: Paradex against gTrade (Gains Network)+0.054%7-day average — · you sell dearer than you buy

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

Long on gTrade (Gains Network)Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 3 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

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Paradex is 0.054% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$5 more if the spread 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	gTrade (Gains Network) XAU/USD	4,350.8	L +0.0002% / S −0.0003%	pay 0.0000% / 1h	14m 21s	$269K	—	250x
Short	Paradex XAU-USD-PERP	4,353.1	0.0083	get 0.0083% / 8h	6h 14m	$19K	$5K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee ParadexbpOrdersPrice spread, now +0.054%Rate

Funding earned: $16.92
Price spread: +0.054% → 0.000%: $5.37
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 3.5 bp × 2 orders: −$7
Fee Paradex: 2 bp × 2 orders: −$4
Net: $11.29
Costs to cover: 0.110%
Break-even: 2.3 days

Slippage unknown: gTrade (Gains Network): virtual book (oracle venue), 20 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 gTrade (Gains Network) virtual book (oracle venue), 20 min ago	130.01 bp	133.5 bp −$134	196.7 bp −$1,967	1352.9 bp −$135.3K	5907.8 bp −$2.95M
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 38 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
Gate XAU_USDT	0.0000%	4h	4,356.4	+0.130%	$263.4M	$413.8M	100x	as long as short
SunX XAU-USDT	0.0000%	4h	4,358.7	+0.181%	$93K	$9.5M	20x	as long as short
gTrade (Gains Network) XAU/USDlong	L +0.0002% / S −0.0003%	1h	4,350.8	long leg	$269K	—	250x
Extended XAU-USD	+0.0032%	1h	4,350.8	−0.001%	$13.5M	$41.8M	25x	as long as short
Hotstuff GOLD-PERP	+0.0032%	1h	4,350.7	−0.002%	$33K	—	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.009%	$619	$54	52x	as long as short
Kalshi KXGOLDPERP	+0.0034%	24h	4,352	+0.028%	$4.1M	$36.1M	15x	as long as short
Aster XAUUSD1	+0.0035%	4h	4,355.4	+0.106%	$70.4M	$299.3M	20x	as long as short
StandX XAU-USD	+0.0040%	1h	4,358.7	+0.182%	$3.8M	$4.7M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,388.1	+0.858%	—	$1.0M	25x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:GOLD	+0.0050%	1h	4,351.6	+0.019%	$294.1M	$48.5M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,350.9	+0.003%	$14.9M	$58.0M	25x	as long as short
QFEX GOLD-USD	+0.0051%	1h	4,353	+0.051%	$5.6M	$1.9M	20x	as long as short
Lighter XAU	+0.0056%	1h	4,353.5	+0.062%	$20.6M	$43.7M	25x	as long as short
Lighter RH XAU	+0.0064%	1h	4,356.6	+0.134%	$20.1M	$41.0M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,349.1	−0.039%	$2.0M	$5.0M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0075%	1h	4,353.4	+0.060%	$4.3M	$1.9M	20x	as long as short
Paradex XAU-USD-PERPshort	+0.0083%	8h	4,353.1	+0.054%	$19K	$5K	5x
Variational Omni XAU	+0.0086%	4h	4,356	+0.121%	$48.2M	$28.1M	—	as long as short
Pacifica XAU	+0.0100%	1h	4,350.6	−0.004%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,358.5	+0.176%	$275K	$204K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,348	−0.065%	$25K	$14K	20x	as long as short
MEXC XAU_USDT	+0.0102%	4h	4,354.8	+0.092%	$375.9M	$323.9M	1000x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,353.9	+0.071%	$161K	$87	10x	as long as short
Binance XAUUSDT	+0.0104%	4h	4,354.7	+0.091%	$409.2M	$2.10B	100x	as long as short
edgeX XAUUSDC	+0.0112%	4h	4,353.3	+0.058%	$30.3M	$59.9M	50x	as long as short
GRVT XAU_USDT_Perp	+0.0116%	4h	4,360	+0.212%	$1.4M	$2.9M	25x	as long as short
Phoenix GOLD	+0.0121%	1h	4,356.9	+0.140%	$48K	$64K	25x	as long as short
RISEx XAU/USDC	+0.0135%	1h	4,353.6	+0.064%	$3.4M	$12.4M	25x	as long as short
Bullet GOLD-USD	+0.0168%	1h	4,354.6	+0.088%	$59K	$83K	10x	as long as short
Bybit XAUUSDT	+0.0180%	4h	4,356.3	+0.127%	$83.8M	$144.1M	150x	as long as short
Bitget XAUUSDT	+0.0184%	4h	4,355.6	+0.111%	$69.5M	$109.6M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0233%	1h	4,353.7	+0.067%	$250K	$679K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0238%	8h	4,356.8	+0.138%	$164.9M	$281.8M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0269%	1h	4,351.7	+0.021%	$593K	$139K	25x	as long as short
Phemex XAUUSDT	+0.0373%	4h	4,357.9	+0.164%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0391% / S −0.0197%	1h	4,355	+0.097%	$251K	—	111x	as long as short
HTX XAU-USDT	+0.0557%	4h	4,359.9	+0.210%	$2.9M	$3.9M	75x	as long as short