Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0038%/8h= −4.1% APRpaid last 24h −0.193%

Price spread now: Paradex against Bluefin+0.074%7-day average — · you sell dearer than you buy

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

Long on Bluefin 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

The price spread pays, funding is against you. Paradex is 0.074% dearer against Bluefin than usual: you sell high and buy low (spread +0.074% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bluefin GOLD-PERP	4,301.1	0.0100	pay 0.0013% / 1h	59m 14s	$25K	$1K	20x
Short	Paradex XAU-USD-PERP	4,304.3	0.0062	get 0.0062% / 8h	7h 59m	$2K	$14K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Bluefin. 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 BluefinbpFee ParadexbpOrdersPrice spread, now +0.074%Rate

Funding earned: −$7.91
Price spread: +0.074% → 0.000%: $7.45
Slippage, 4 orders: no order book: not counted
Fee Bluefin: 3.5 bp × 2 orders: −$7
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$11.46
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Bluefin: no order-book sample; 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 Bluefin no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

Bluefin and 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
Bybit XAUUSDT	0.0000%	4h	4,305.5	+0.102%	$77.0M	$156.5M	150x	as long as short
SunX XAU-USDT	0.0000%	4h	4,308.7	+0.177%	$92K	$7.0M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,300.5	−0.014%	$268K	—	250x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+1.147%	$619	$54	52x	as long as short
QFEX GOLD-USD	+0.0045%	1h	4,304	+0.068%	$6.6M	$3.1M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,336.8	+0.831%	—	$1.0M	25x	as long as short
Hotstuff GOLD-PERP	+0.0048%	1h	4,301.3	+0.005%	$32K	—	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,300.6	−0.011%	$289.9M	$53.5M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0050%	1h	4,306	+0.115%	$4.3M	$1.8M	20x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,301.2	+0.004%	$15.0M	$55.4M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International GOLD-PERP-INTX	+0.0056%	1h	4,301.3	+0.005%	$2.0M	$5.1M	25x	as long as short
Aster XAUUSD1	+0.0058%	4h	4,306.2	+0.119%	$72.9M	$272.1M	20x	as long as short
Paradex XAU-USD-PERPshort	+0.0062%	8h	4,304.3	+0.074%	$2K	$14K	5x
Lighter RH XAU	+0.0064%	1h	4,306.3	+0.121%	$19.8M	$39.0M	25x	as long as short
Lighter XAU	+0.0072%	1h	4,303.7	+0.060%	$20.2M	$28.2M	25x	as long as short
Extended XAU-USD	+0.0096%	1h	4,300.6	−0.011%	$13.1M	$36.3M	25x	as long as short
Phoenix GOLD	+0.0096%	1h	4,302.4	+0.031%	$42K	$79K	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,301.5	+0.010%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,303.7	+0.061%	$269K	$214K	50x	as long as short
Bluefin GOLD-PERPlong	+0.0100%	1h	4,301.1	long leg	$25K	$1K	20x
Kalshi KXGOLDPERP	+0.0102%	24h	4,306.6	+0.129%	$3.6M	$45.8M	15x	as long as short
Variational Omni XAU	+0.0102%	4h	4,304.4	+0.078%	$46.7M	$29.3M	—	as long as short
MEXC XAU_USDT	+0.0112%	4h	4,304.9	+0.089%	$362.2M	$329.8M	1000x	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,304.3	+0.075%	$159K	$87	10x	as long as short
Binance XAUUSDT	+0.0115%	4h	4,304.8	+0.087%	$428.4M	$2.19B	100x	as long as short
Gate XAU_USDT	+0.0120%	4h	4,307	+0.137%	$291.7M	$415.8M	100x	as long as short
GRVT XAU_USDT_Perp	+0.0120%	4h	4,305	+0.092%	$1.4M	$3.0M	25x	as long as short
edgeX XAUUSDC	+0.0123%	4h	4,304	+0.067%	$29.9M	$60.6M	50x	as long as short
RISEx XAU/USDC	+0.0126%	1h	4,304.9	+0.089%	$4.4M	$13.1M	25x	as long as short
Bullet GOLD-USD	+0.0166%	1h	4,305	+0.091%	$59K	$81K	10x	as long as short
StandX XAU-USD	+0.0189%	1h	4,306.6	+0.129%	$3.8M	$4.5M	40x	as long as short
Bitget XAUUSDT	+0.0192%	4h	4,304.7	+0.083%	$70.8M	$122.8M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0256%	8h	4,305.2	+0.096%	$171.5M	$316.5M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0328%	1h	4,302.5	+0.034%	$572K	$138K	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0378%	1h	4,303.7	+0.061%	$135K	$869K	25x	as long as short
BloFin XAU-USDT	+0.0458%	4h	4,304.8	+0.086%	$16.6M	$4.9M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0466% / S −0.0313%	1h	4,304.7	+0.084%	$254K	—	111x	as long as short
Phemex XAUUSDT	+0.0513%	4h	4,310.3	+0.214%	$2.2M	$950K	100x	as long as short
HTX XAU-USDT	+0.1186%	4h	4,313.5	+0.289%	$3.2M	$6.2M	75x	as long as short