Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0144%/8h= +15.8% APRpaid last 24h +0.054%

Price spread now: Deribit against Paradex−0.031%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on Deribit

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. Deribit is 0.031% cheaper against Paradex than usual: you would sell low and buy high (spread −0.031% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 17 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex XAU-USD-PERP	4,345.7	0.0067	pay 0.0067% / 8h	3h 05m	$19K	$5K	5x
Short	Deribit GOLD_USDC-PERPETUAL	4,344.4	0.0211	get 0.0026% / 1h	5m 15s	$204K	$826K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Paradex. 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 ParadexbpFee DeribitbpOrdersPrice spread, now −0.031%Rate

Funding earned: $30.25
Price spread: −0.031% → 0.000%: −$3.11
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $16.14
Costs to cover: 0.110%
Break-even: 3.3 days

Slippage unknown: Paradex: no order-book sample; Deribit: live order book, 49 min ago. 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 Paradex no order-book sample	—	—	—	—	—
Sell Deribit live order book, 49 min ago	0.12 bp	8.4 bp −$8	9.1 bp −$91	doesn't fit	doesn't fit

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	−0.0010%	1h	4,339.5	−0.144%	$25K	$14K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,350.6	+0.112%	$92K	$8.6M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,342.1	−0.083%	$272K	—	250x	as long as short
RISEx XAU/USDC	+0.0005%	1h	4,346.6	+0.020%	$3.7M	$12.5M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,342.1	−0.085%	$13.2M	$37.2M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.107%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,346.1	+0.008%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0042%	1h	4,345.1	−0.015%	$5.6M	$2.1M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,378.6	+0.756%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,342.7	−0.070%	$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	4,342.9	−0.065%	$15.0M	$56.8M	25x	as long as short
Kalshi KXGOLDPERP	+0.0052%	24h	4,344.8	−0.022%	$4.2M	$39.3M	15x	as long as short
Bybit XAUUSDT	+0.0055%	4h	4,347.1	+0.032%	$80.1M	$152.0M	150x	as long as short
Lighter XAU	+0.0056%	1h	4,345.3	−0.011%	$20.7M	$34.8M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0056%	1h	4,341.7	−0.093%	$2.1M	$4.7M	25x	as long as short
Gate XAU_USDT	+0.0062%	4h	4,347.6	+0.042%	$268.3M	$419.0M	100x	as long as short
Paradex XAU-USD-PERPlong	+0.0067%	8h	4,345.7	long leg	$19K	$5K	5x
Hotstuff GOLD-PERP	+0.0072%	1h	4,342.6	−0.072%	$33K	—	25x	as long as short
Lighter RH XAU	+0.0080%	1h	4,347.8	+0.047%	$20.2M	$40.2M	25x	as long as short
Aster XAUUSD1	+0.0098%	4h	4,346.5	+0.017%	$71.5M	$331.5M	20x	as long as short
Pacifica XAU	+0.0100%	1h	4,342.4	−0.077%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,341.7	−0.093%	$274K	$203K	50x	as long as short
Variational Omni XAU	+0.0105%	4h	4,345.4	−0.009%	$48.3M	$27.6M	—	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,345.1	−0.015%	$161K	$87	10x	as long as short
MEXC XAU_USDT	+0.0118%	4h	4,346.2	+0.011%	$370.3M	$321.7M	1000x	as long as short
Binance XAUUSDT	+0.0120%	4h	4,346.1	+0.009%	$418.8M	$2.09B	100x	as long as short
edgeX XAUUSDC	+0.0135%	4h	4,340	−0.131%	$30.2M	$57.9M	50x	as long as short
Phoenix GOLD	+0.0136%	1h	4,341.7	−0.093%	$47K	$77K	25x	as long as short
GRVT XAU_USDT_Perp	+0.0148%	4h	4,345.6	−0.003%	$1.4M	$2.9M	25x	as long as short
Phemex XAUUSDT	+0.0199%	4h	4,349.1	+0.076%	$2.2M	$967K	100x	as long as short
Polymarket Perps GOLD-USD	+0.0203%	1h	4,345.8	+0.001%	$4.2M	$2.0M	20x	as long as short
Bullet GOLD-USD	+0.0206%	1h	4,346.2	+0.010%	$59K	$82K	10x	as long as short
Deribit GOLD_USDC-PERPETUALshort	+0.0211%	1h	4,344.4	−0.031%	$204K	$826K	25x
Kraken Futures PF_XAUUSD	+0.0259%	1h	4,343	−0.063%	$590K	$135K	25x	as long as short
Bitget XAUUSDT	+0.0274%	4h	4,346.7	+0.022%	$71.1M	$108.8M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0330%	8h	4,347.2	+0.033%	$167.2M	$283.1M	100x	as long as short
BloFin XAU-USDT	+0.0360%	4h	4,346.2	+0.010%	$15.8M	$4.4M	100x	as long as short
HTX XAU-USDT	+0.0396%	4h	4,347.9	+0.050%	$2.8M	$4.6M	75x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0428% / S −0.0252%	1h	4,346.2	+0.010%	$250K	—	111x	as long as short