Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0041%/8h= −4.5% APRpaid last 24h −0.002%

Price spread now: Paradex against Lighter−0.003%7-day average — · you buy dearer than you sell

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

Long on Lighter 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 airdropLighter: Season 3 · 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	Lighter XAU	4,333.5	0.0096	pay 0.0012% / 1h	1m 25s	$20.3M	$30.7M	25x
Short	Paradex XAU-USD-PERP	4,333.4	0.0055	get 0.0055% / 8h	6h 01m	$2K	$13K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Lighter. 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 LighterbpFee ParadexbpOrdersPrice spread, now −0.003%Rate

Funding earned: −$8.62
Price spread: −0.003% → 0.000%: −$0.3
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$12.93
Costs to cover: 0.040%
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 6 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 Lighter live order book, 6 min ago	0.31 bp	0.4 bp $0	2.3 bp −$23	8.8 bp −$878	19.2 bp −$9,594
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 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
Hotstuff GOLD-PERP	−2.2880%	1h	4,318.3	−0.351%	$32K	—	25x	as long as short
SunX XAU-USDT	0.0000%	4h	4,341	+0.173%	$92K	$6.0M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,327.4	−0.141%	$286K	—	250x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0024%	1h	4,328.2	−0.123%	$2.1M	$5.3M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.390%	$619	$54	52x	as long as short
QFEX GOLD-USD	+0.0038%	1h	4,332.7	−0.019%	$6.7M	$3.2M	20x	as long as short
StandX XAU-USD	+0.0040%	1h	4,331	−0.058%	$3.8M	$4.5M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,368.4	+0.805%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,332.9	−0.015%	$292.5M	$52.9M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,331.1	−0.057%	$15.0M	$58.3M	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	+0.0055%	8h	4,333.4	−0.003%	$2K	$13K	5x
RISEx XAU/USDC	+0.0056%	1h	4,336	+0.056%	$4.7M	$13.3M	25x	as long as short
Phoenix GOLD	+0.0076%	1h	4,330.5	−0.070%	$43K	$72K	25x	as long as short
Aster XAUUSD1	+0.0076%	4h	4,338.2	+0.107%	$73.1M	$275.6M	20x	as long as short
Variational Omni XAU	+0.0090%	4h	4,334.4	+0.019%	$47.3M	$29.4M	—	as long as short
Lighter XAUlong	+0.0096%	1h	4,333.5	long leg	$20.3M	$30.7M	25x
Pacifica XAU	+0.0100%	1h	4,330.2	−0.077%	$1.4M	$1.3M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,330.9	−0.060%	$284K	$223K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,330.6	−0.069%	$25K	$1K	20x	as long as short
Gate XAU_USDT	+0.0108%	4h	4,338.6	+0.117%	$301.3M	$451.9M	100x	as long as short
MEXC XAU_USDT	+0.0108%	4h	4,336.3	+0.064%	$368.6M	$367.7M	1000x	as long as short
Binance XAUUSDT	+0.0109%	4h	4,336.2	+0.060%	$445.8M	$2.42B	100x	as long as short
GRVT XAU_USDT_Perp	+0.0112%	4h	4,336.8	+0.076%	$1.4M	$3.1M	25x	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,335.1	+0.036%	$161K	$87	10x	as long as short
Bybit XAUUSDT	+0.0114%	4h	4,337.9	+0.101%	$80.3M	$172.0M	150x	as long as short
edgeX XAUUSDC	+0.0117%	4h	4,331.5	−0.048%	$30.3M	$66.8M	50x	as long as short
Kalshi KXGOLDPERP	+0.0133%	24h	4,335.1	+0.036%	$3.5M	$50.8M	15x	as long as short
Polymarket Perps GOLD-USD	+0.0138%	1h	4,335.8	+0.052%	$4.3M	$1.7M	20x	as long as short
Lighter RH XAU	+0.0152%	1h	4,336.4	+0.066%	$19.8M	$41.2M	25x	as long as short
Extended XAU-USD	+0.0152%	1h	4,332.3	−0.028%	$12.6M	$34.8M	25x	as long as short
Bullet GOLD-USD	+0.0198%	1h	4,336.4	+0.065%	$59K	$76K	10x	as long as short
Bitget XAUUSDT	+0.0218%	4h	4,337.3	+0.088%	$73.6M	$137.0M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0235%	1h	4,335.2	+0.039%	$135K	$748K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0242%	8h	4,337.7	+0.096%	$170.9M	$359.4M	100x	as long as short
Phemex XAUUSDT	+0.0260%	4h	4,338.6	+0.117%	$2.2M	$782K	100x	as long as short
BloFin XAU-USDT	+0.0351%	4h	4,335.8	+0.051%	$16.3M	$5.3M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0410%	1h	4,333.4	−0.002%	$583K	$165K	25x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0460% / S −0.0308%	1h	4,336.9	+0.077%	$254K	—	111x	as long as short
HTX XAU-USDT	+0.1123%	4h	4,343.6	+0.233%	$3.2M	$7.0M	75x	as long as short