Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0168%/8h= −18.4% APRpaid last 24h −0.028%

Price spread now: Paradex against Bullet−0.021%7-day average — · you buy dearer than you sell

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

Long on Bullet 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

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Paradex is 0.021% cheaper against Bullet than usual: you would sell low and buy high (−$2 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	Bullet GOLD-USD	4,315.6	0.0225	pay 0.0028% / 1h	49m 17s	$59K	$77K	10x
Short	Paradex XAU-USD-PERP	4,314.7	0.0057	get 0.0057% / 8h	4h 49m	$2K	$13K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Bullet. 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 BulletbpFee ParadexbpOrdersPrice spread, now −0.021%Rate

Funding earned: −$35.32
Price spread: −0.021% → 0.000%: −$2.09
Slippage, 4 orders: no order book: not counted
Fee Bullet: 4 bp × 2 orders: −$8
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$49.41
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Bullet: 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 Bullet no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

Bullet 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 exchanges

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
Coinbase International GOLD-PERP-INTX	−0.0032%	1h	4,310.2	−0.124%	$2.1M	$5.1M	25x	as long as short
SunX XAU-USDT	0.0000%	4h	4,319.1	+0.083%	$92K	$5.6M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0002%	1h	4,309.7	−0.137%	$306K	—	250x	as long as short
Hotstuff GOLD-PERP	+0.0024%	1h	4,319.6	+0.094%	$35K	$3K	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.808%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,322.1	+0.151%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0042%	1h	4,312.7	−0.066%	$6.6M	$3.3M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,349.6	+0.789%	—	$1.0M	25x	as long as short
Aster XAUUSD1	+0.0046%	4h	4,317	+0.033%	$71.2M	$277.3M	20x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,311.9	−0.086%	$15.2M	$59.1M	25x	as long as short

Show all 39 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex XAU-USD-PERPshort	+0.0057%	8h	4,314.7	−0.021%	$2K	$13K	5x
RISEx XAU/USDC	+0.0062%	1h	4,316.1	+0.012%	$4.7M	$13.4M	25x	as long as short
Lighter XAU	+0.0064%	1h	4,314.1	−0.035%	$20.0M	$30.3M	25x	as long as short
Variational Omni XAU	+0.0070%	4h	4,319.1	+0.082%	$47.0M	$28.1M	—	as long as short
Gate XAU_USDT	+0.0076%	4h	4,316.4	+0.019%	$303.0M	$434.5M	100x	as long as short
tradeXYZ xyz:GOLD	+0.0078%	1h	4,313.1	−0.057%	$291.4M	$45.9M	25x	as long as short
MEXC XAU_USDT	+0.0084%	4h	4,315.9	+0.008%	$351.4M	$352.3M	1000x	as long as short
edgeX XAUUSDC	+0.0084%	4h	4,319.5	+0.092%	$30.2M	$66.6M	50x	as long as short
Binance XAUUSDT	+0.0085%	4h	4,315	−0.012%	$441.5M	$2.44B	100x	as long as short
GRVT XAU_USDT_Perp	+0.0098%	4h	4,320	+0.104%	$1.4M	$3.1M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,312.4	−0.073%	$1.4M	$1.5M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,317.3	+0.040%	$286K	$227K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,309.1	−0.150%	$25K	$1K	20x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,312.7	−0.065%	$160K	$87	10x	as long as short
Phoenix GOLD	+0.0124%	1h	4,315.8	+0.005%	$43K	$71K	25x	as long as short
Kalshi KXGOLDPERP	+0.0146%	24h	4,316.2	+0.015%	$3.5M	$52.0M	15x	as long as short
Lighter RH XAU	+0.0152%	1h	4,316.4	+0.020%	$19.5M	$39.3M	25x	as long as short
Bybit XAUUSDT	+0.0160%	4h	4,316.6	+0.024%	$82.7M	$167.9M	150x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0191%	1h	4,313.3	−0.052%	$135K	$659K	25x	as long as short
Kraken Futures PF_XAUUSD	+0.0198%	1h	4,311.6	−0.092%	$581K	$166K	25x	as long as short
Bitget XAUUSDT	+0.0202%	4h	4,315.4	−0.004%	$72.8M	$141.5M	100x	as long as short
Extended XAU-USD	+0.0224%	1h	4,310.7	−0.112%	$12.5M	$34.1M	25x	as long as short
Bullet GOLD-USDlong	+0.0225%	1h	4,315.6	long leg	$59K	$77K	10x
OKX XAU-USDT-SWAP	+0.0225%	8h	4,315.1	−0.011%	$170.9M	$364.0M	100x	as long as short
Polymarket Perps GOLD-USD	+0.0234%	1h	4,316.3	+0.017%	$4.3M	$1.7M	20x	as long as short
Phemex XAUUSDT	+0.0242%	4h	4,317.9	+0.053%	$2.2M	$733K	100x	as long as short
BloFin XAU-USDT	+0.0326%	4h	4,316.3	+0.017%	$16.4M	$5.2M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0424% / S −0.0257%	1h	4,314.2	−0.031%	$251K	—	111x	as long as short
HTX XAU-USDT	+0.1028%	4h	4,322.5	+0.161%	$3.2M	$7.1M	75x	as long as short