Funding you earn now, next payment 08:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.021%
Price spread now: Kalshi against Paradex−0.050%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Kalshi is 0.050% cheaper against Paradex than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex XAU-USD-PERP | 4,359 | 0.0079 | pay 0.0079% / 8h | 5h 21m | $19K | $5K | 5x |
| Short | Kalshi KXGOLDPERP | 4,356.8 | 0.0039 | get 0.0118% / 24h | 11h 21m | $4.1M | $37.1M | 15x |
Paradex XAU-USD-PERP
Kalshi KXGOLDPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kalshi against Paradex. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$8.44
- Price spread: −0.050% → 0.000%
- −$4.97
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Net
- −$27.41
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Paradex: no order-book sample; Kalshi: live order book, 2 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 Kalshi live order book, 2 min ago | 0.12 bp | 6.5 bp −$6 | 6.7 bp −$67 | 8.5 bp −$851 | 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 | |
|---|---|---|---|---|---|---|---|---|
| SunX XAU-USDT | 0.0000% | 4h | 4,362.5 | +0.081% | $93K | $9.2M | 20x | as long as short |
| gTrade (Gains Network) XAU/USD | L +0.0002% / S −0.0003% | 1h | 4,354.1 | −0.111% | $267K | — | 250x | as long as short |
| Gate XAU_USDT | +0.0006% | 4h | 4,359.8 | +0.018% | $264.7M | $413.6M | 100x | as long as short |
| RISEx XAU/USDC | +0.0010% | 1h | 4,358.1 | −0.020% | $3.4M | $12.4M | 25x | as long as short |
| Extended XAU-USD | +0.0032% | 1h | 4,354.7 | −0.098% | $13.6M | $38.9M | 25x | as long as short |
| Injective XAU/USDC PERP | +0.0033% | 1h | 4,350.4 | −0.196% | $619 | $54 | 52x | as long as short |
| Kalshi KXGOLDPERPshort | +0.0039% | 24h | 4,356.8 | −0.050% | $4.1M | $37.1M | 15x | |
| StandX XAU-USD | +0.0040% | 1h | 4,358 | −0.022% | $3.8M | $4.6M | 40x | as long as short |
| Aster XAUUSD1 | +0.0044% | 4h | 4,359 | +0.001% | $70.6M | $333.9M | 20x | as long as short |
| Vest GC-PERP | +0.0046% | 1h | 4,391.7 | +0.751% | — | $1.0M | 25x | as long as short |
SunX XAU-USDT
gTrade (Gains Network) XAU/USD
Gate XAU_USDT
RISEx XAU/USDC
Extended XAU-USD
Injective XAU/USDC PERP
StandX XAU-USD
Aster XAUUSD1
Vest GC-PERPShow all 39 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX GOLD-USD | +0.0046% | 1h | 4,357.2 | −0.041% | $5.6M | $1.9M | 20x | as long as short |
| Coinbase International GOLD-PERP-INTX | +0.0048% | 1h | 4,355.7 | −0.075% | $2.0M | $4.9M | 25x | as long as short |
| tradeXYZ xyz:GOLD | +0.0050% | 1h | 4,354.7 | −0.098% | $294.2M | $48.7M | 25x | as long as short |
| Ondo Perps XAU-USD.P | +0.0050% | 1h | 4,354.9 | −0.094% | $15.1M | $57.1M | 25x | as long as short |
| GRVT XAU_USDT_Perp | +0.0054% | 4h | 4,357.1 | −0.043% | $1.4M | $3.0M | 25x | as long as short |
| Lighter XAU | +0.0056% | 1h | 4,357.1 | −0.044% | $20.7M | $42.3M | 25x | as long as short |
| Variational Omni XAU | +0.0057% | 4h | 4,355.6 | −0.076% | $48.3M | $27.9M | — | as long as short |
| Lighter RH XAU | +0.0064% | 1h | 4,359.5 | +0.012% | $20.2M | $39.7M | 25x | as long as short |
| MEXC XAU_USDT | +0.0072% | 4h | 4,358.4 | −0.012% | $373.4M | $319.2M | 1000x | as long as short |
| Binance XAUUSDT | +0.0073% | 4h | 4,358.6 | −0.009% | $412.1M | $2.10B | 100x | as long as short |
| Paradex XAU-USD-PERPlong | +0.0079% | 8h | 4,359 | long leg | $19K | $5K | 5x | |
| edgeX XAUUSDC | +0.0090% | 4h | 4,351.8 | −0.165% | $30.3M | $58.4M | 50x | as long as short |
| Aevo XAU-PERP | +0.0096% | 1h | 4,357.2 | −0.040% | $161K | $87 | 10x | as long as short |
| Pacifica XAU | +0.0100% | 1h | 4,355.4 | −0.081% | $1.4M | $1.1M | 10x | as long as short |
| ApeX Omni XAUUSDT | +0.0100% | 1h | 4,354.7 | −0.097% | $275K | $203K | 50x | as long as short |
| Hotstuff GOLD-PERP | +0.0104% | 1h | 4,355.2 | −0.086% | $33K | — | 25x | as long as short |
| Phemex XAUUSDT | +0.0121% | 4h | 4,358.5 | −0.011% | $2.2M | $1.1M | 100x | as long as short |
| Polymarket Perps GOLD-USD | +0.0123% | 1h | 4,357.6 | −0.031% | $4.3M | $1.9M | 20x | as long as short |
| Phoenix GOLD | +0.0136% | 1h | 4,356.1 | −0.066% | $48K | $77K | 25x | as long as short |
| Deribit GOLD_USDC-PERPETUAL | +0.0163% | 1h | 4,356.3 | −0.061% | $254K | $751K | 25x | as long as short |
| Bullet GOLD-USD | +0.0199% | 1h | 4,358.1 | −0.020% | $60K | $83K | 10x | as long as short |
| Bybit XAUUSDT | +0.0201% | 4h | 4,360.1 | +0.025% | $84.5M | $145.4M | 150x | as long as short |
| Bitget XAUUSDT | +0.0212% | 4h | 4,359 | +0.001% | $70.4M | $109.5M | 100x | as long as short |
| OKX XAU-USDT-SWAP | +0.0253% | 8h | 4,359.4 | +0.010% | $165.2M | $282.7M | 100x | as long as short |
| Kraken Futures PF_XAUUSD | +0.0269% | 1h | 4,355.3 | −0.084% | $594K | $133K | 25x | as long as short |
| BloFin XAU-USDT | +0.0292% | 4h | 4,358.7 | −0.007% | $15.6M | $4.6M | 100x | as long as short |
| Bluefin GOLD-PERP | +0.0372% | 1h | 4,351.3 | −0.177% | $25K | $14K | 20x | as long as short |
| GMX GOLD/USD [ETH-USDC] | L +0.0401% / S −0.0214% | 1h | 4,358 | −0.022% | $249K | — | 111x | as long as short |
| HTX XAU-USDT | +0.0567% | 4h | 4,363.4 | +0.102% | $2.9M | $4.2M | 75x | as long as short |
QFEX GOLD-USD
Coinbase International GOLD-PERP-INTX
tradeXYZ xyz:GOLD
Ondo Perps XAU-USD.P
GRVT XAU_USDT_Perp
Lighter XAU
Variational Omni XAU
Lighter RH XAU
MEXC XAU_USDT
Binance XAUUSDT
edgeX XAUUSDC
Aevo XAU-PERP
Pacifica XAU
ApeX Omni XAUUSDT
Hotstuff GOLD-PERP
Phemex XAUUSDT
Polymarket Perps GOLD-USD
Phoenix GOLD
Deribit GOLD_USDC-PERPETUAL
Bullet GOLD-USD
Bybit XAUUSDT
Bitget XAUUSDT
OKX XAU-USDT-SWAP
Kraken Futures PF_XAUUSD
BloFin XAU-USDT
Bluefin GOLD-PERP
GMX GOLD/USD [ETH-USDC]
HTX XAU-USDT