Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0025%/8h= +2.7% APRpaid last 24h −0.015%

Price spread now: Paradex against Aster−0.002%7-day average — · you buy dearer than you sell

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

Long on Aster 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 airdropAster: Stage 5 · Paradex: 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: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XAUUSD1	4,349.7	0.0061	pay 0.0030% / 4h	1h 51m	$70.1M	$328.7M	20x
Short	Paradex XAU-USD-PERP	4,349.7	0.0085	get 0.0085% / 8h	5h 51m	$19K	$5K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Aster. 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 AsterbpFee ParadexbpOrdersPrice spread, now −0.002%Rate

Funding earned: $5.18
Price spread: −0.002% → 0.000%: −$0.15
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$6.97
Costs to cover: 0.120%
Break-even: 16.4 days

Slippage unknown: Aster: live order book, 3 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 Aster live order book, 3 min ago	0.01 bp	4.4 bp −$4	4.9 bp −$49	18.6 bp −$1,865	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 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
Bluefin GOLD-PERP	−0.0103%	1h	4,343.3	−0.149%	$25K	$14K	20x	as long as short
Hotstuff GOLD-PERP	0.0000%	1h	4,347.9	−0.042%	$33K	—	25x	as long as short
Gate XAU_USDT	0.0000%	4h	4,350.1	+0.007%	$264.3M	$405.5M	100x	as long as short
SunX XAU-USDT	0.0000%	4h	4,356.8	+0.163%	$93K	$9.4M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,344.4	−0.122%	$269K	—	250x	as long as short
RISEx XAU/USDC	+0.0010%	1h	4,348.9	−0.020%	$3.4M	$12.4M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,345.4	−0.100%	$13.6M	$40.5M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.016%	$619	$54	52x	as long as short
Kalshi KXGOLDPERP	+0.0037%	24h	4,349.3	−0.010%	$4.1M	$36.2M	15x	as long as short
Lighter XAU	+0.0040%	1h	4,348.3	−0.034%	$20.6M	$41.8M	25x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX XAU-USD	+0.0040%	1h	4,354.8	+0.117%	$3.8M	$4.6M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,382.1	+0.744%	—	$1.0M	25x	as long as short
QFEX GOLD-USD	+0.0046%	1h	4,348.4	−0.031%	$5.6M	$1.9M	20x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0048%	1h	4,348.4	−0.031%	$2.0M	$4.9M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,344.9	−0.111%	$293.2M	$48.6M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,345	−0.108%	$15.1M	$57.8M	25x	as long as short
Aster XAUUSD1long	+0.0061%	4h	4,349.7	long leg	$70.1M	$328.7M	20x
Lighter RH XAU	+0.0072%	1h	4,350.3	+0.014%	$20.1M	$39.3M	25x	as long as short
Paradex XAU-USD-PERPshort	+0.0085%	8h	4,349.7	−0.002%	$19K	$5K	5x
Pacifica XAU	+0.0100%	1h	4,346.9	−0.065%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,350.6	+0.021%	$275K	$203K	50x	as long as short
Polymarket Perps GOLD-USD	+0.0103%	1h	4,346.7	−0.070%	$4.3M	$1.9M	20x	as long as short
Variational Omni XAU	+0.0107%	4h	4,352.3	+0.059%	$48.3M	$28.1M	—	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,348.1	−0.037%	$161K	$87	10x	as long as short
Binance XAUUSDT	+0.0116%	4h	4,349	−0.017%	$410.2M	$2.09B	100x	as long as short
MEXC XAU_USDT	+0.0118%	4h	4,347.6	−0.050%	$371.4M	$315.5M	1000x	as long as short
GRVT XAU_USDT_Perp	+0.0132%	4h	4,353.6	+0.089%	$1.4M	$3.0M	25x	as long as short
edgeX XAUUSDC	+0.0136%	4h	4,348.4	−0.030%	$30.3M	$58.7M	50x	as long as short
Phoenix GOLD	+0.0136%	1h	4,352	+0.052%	$47K	$77K	25x	as long as short
Bullet GOLD-USD	+0.0194%	1h	4,348.2	−0.035%	$59K	$83K	10x	as long as short
Bybit XAUUSDT	+0.0206%	4h	4,350.2	+0.011%	$84.0M	$145.0M	150x	as long as short
Bitget XAUUSDT	+0.0210%	4h	4,349.5	−0.006%	$69.6M	$109.2M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0249%	8h	4,350.5	+0.018%	$164.6M	$282.4M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0269%	1h	4,348.8	−0.021%	$593K	$133K	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0279%	1h	4,347.6	−0.049%	$259K	$702K	25x	as long as short
Phemex XAUUSDT	+0.0316%	4h	4,353.3	+0.081%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0398% / S −0.0207%	1h	4,348.7	−0.023%	$251K	—	111x	as long as short
HTX XAU-USDT	+0.0612%	4h	4,358.5	+0.202%	$2.9M	$4.2M	75x	as long as short