Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0082%/8h= +9.0% APRpaid last 24h +0.021%

Price spread now: Paradex against gTrade (Gains Network)+0.107%7-day average — · you sell dearer than you buy

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

Long on gTrade (Gains Network)Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 3 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 for this trade now. Funding pays +$2 a day on $10k at the current rate, and Paradex is 0.107% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$11 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) XAU/USD	4,337.1	L +0.0002% / S −0.0003%	pay 0.0000% / 1h	37m 47s	$271K	—	250x
Short	Paradex XAU-USD-PERP	4,341.7	0.0085	get 0.0085% / 8h	3h 37m	$19K	$5K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee ParadexbpOrdersPrice spread, now +0.107%Rate

Funding earned: $17.29
Price spread: +0.107% → 0.000%: $10.67
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 3.5 bp × 2 orders: −$7
Fee Paradex: 2 bp × 2 orders: −$4
Net: $16.96
Costs to cover: 0.110%
Break-even: 0.1 days

Slippage unknown: gTrade (Gains Network): virtual book (oracle venue), 46 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 gTrade (Gains Network) virtual book (oracle venue), 46 min ago	130.01 bp	133.5 bp −$134	196.7 bp −$1,967	1352.9 bp −$135.3K	5907.8 bp −$2.95M
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 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	4,345.2	+0.187%	$92K	$8.7M	20x	as long as short
gTrade (Gains Network) XAU/USDlong	L +0.0002% / S −0.0003%	1h	4,337.1	long leg	$271K	—	250x
RISEx XAU/USDC	+0.0005%	1h	4,340.1	+0.070%	$3.5M	$12.0M	25x	as long as short
Bluefin GOLD-PERP	+0.0009%	1h	4,335.4	−0.038%	$25K	$14K	20x	as long as short
Hotstuff GOLD-PERP	+0.0016%	1h	4,338.1	+0.024%	$33K	—	25x	as long as short
Gate XAU_USDT	+0.0026%	4h	4,343.5	+0.147%	$267.9M	$414.4M	100x	as long as short
Extended XAU-USD	+0.0032%	1h	4,337.6	+0.011%	$13.2M	$37.5M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.308%	$619	$54	52x	as long as short
Lighter RH XAU	+0.0040%	1h	4,343	+0.136%	$20.1M	$39.3M	25x	as long as short
StandX XAU-USD	+0.0040%	1h	4,341.9	+0.111%	$3.8M	$4.5M	40x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit XAUUSDT	+0.0041%	4h	4,342.5	+0.124%	$80.3M	$151.8M	150x	as long as short
QFEX GOLD-USD	+0.0042%	1h	4,338.9	+0.042%	$5.7M	$2.1M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,373.5	+0.840%	—	$1.0M	25x	as long as short
Lighter XAU	+0.0048%	1h	4,340.7	+0.084%	$20.8M	$34.5M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,338.7	+0.037%	$293.5M	$49.2M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,337.3	+0.005%	$15.1M	$56.9M	25x	as long as short
Kalshi KXGOLDPERP	+0.0051%	24h	4,338.4	+0.030%	$4.3M	$37.4M	15x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0056%	1h	4,338.5	+0.033%	$2.1M	$4.8M	25x	as long as short
Aster XAUUSD1	+0.0081%	4h	4,342.6	+0.128%	$71.4M	$332.3M	20x	as long as short
Paradex XAU-USD-PERPshort	+0.0085%	8h	4,341.7	+0.107%	$19K	$5K	5x
Variational Omni XAU	+0.0087%	4h	4,340.5	+0.078%	$48.3M	$27.7M	—	as long as short
Pacifica XAU	+0.0100%	1h	4,338.1	+0.024%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,339.3	+0.050%	$274K	$203K	50x	as long as short
MEXC XAU_USDT	+0.0104%	4h	4,342.1	+0.116%	$370.2M	$319.3M	1000x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,340.2	+0.073%	$161K	$87	10x	as long as short
Binance XAUUSDT	+0.0107%	4h	4,342.1	+0.116%	$417.5M	$2.09B	100x	as long as short
edgeX XAUUSDC	+0.0118%	4h	4,336.3	−0.017%	$30.1M	$58.3M	50x	as long as short
Phoenix GOLD	+0.0136%	1h	4,339.8	+0.063%	$47K	$77K	25x	as long as short
GRVT XAU_USDT_Perp	+0.0174%	4h	4,341	+0.091%	$1.4M	$2.9M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0216%	1h	4,340.8	+0.086%	$4.3M	$1.9M	20x	as long as short
Bullet GOLD-USD	+0.0217%	1h	4,341.2	+0.094%	$59K	$82K	10x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0234%	1h	4,339.6	+0.058%	$205K	$828K	25x	as long as short
Bitget XAUUSDT	+0.0248%	4h	4,342.3	+0.121%	$71.0M	$109.4M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0259%	1h	4,338.1	+0.023%	$592K	$132K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0319%	8h	4,342.8	+0.132%	$166.6M	$281.6M	100x	as long as short
Phemex XAUUSDT	+0.0337%	4h	4,344.5	+0.172%	$2.2M	$967K	100x	as long as short
BloFin XAU-USDT	+0.0372%	4h	4,341.7	+0.107%	$15.6M	$4.4M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0427% / S −0.0252%	1h	4,341.1	+0.093%	$250K	—	111x	as long as short
HTX XAU-USDT	+0.0624%	4h	4,345.7	+0.199%	$2.8M	$4.6M	75x	as long as short