Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0088%/8h= −9.7% APRpaid last 24h −0.003%

Price spread now: Gate against Paradex+0.015%7-day average — · you sell dearer than you buy

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

Long on Paradex Short on Gate

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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex XAU-USD-PERP	4,363.9	0.0088	pay 0.0088% / 8h	6h 58m	$19K	$5K	5x
Short	Gate XAU_USDT	4,364.6	0	get 0.0000% / 4h	2h 58m	$264.8M	$400.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Paradex. 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 ParadexbpFee GatebpOrdersPrice spread, now +0.015%Rate

Funding earned: −$18.57
Price spread: +0.015% → 0.000%: $1.45
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$36.12
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Gate: live order book, 6 min ago. 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 Paradex no order-book sample	—	—	—	—	—
Sell Gate live order book, 6 min ago	0.01 bp	7.5 bp −$8	8.3 bp −$83	12.5 bp −$1,248	14.2 bp −$7,096

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
Bluefin GOLD-PERP	−0.0353%	1h	4,355.9	−0.184%	$26K	$22K	20x	as long as short
Aster XAUUSD1	0.0000%	4h	4,362	−0.044%	$69.8M	$246.4M	20x	as long as short
Gate XAU_USDTshort	0.0000%	4h	4,364.6	+0.015%	$264.8M	$400.4M	100x
Kalshi KXGOLDPERP	0.0000%	24h	4,360.3	−0.084%	$4.1M	$36.5M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,367.1	+0.073%	$93K	$10.0M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,360.1	−0.089%	$270K	—	250x	as long as short
Hotstuff GOLD-PERP	+0.0016%	1h	4,360.7	−0.074%	$33K	—	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,359.9	−0.094%	$13.5M	$43.5M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.310%	$619	$54	52x	as long as short
Variational Omni XAU	+0.0040%	4h	4,362	−0.045%	$48.4M	$28.5M	—	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX XAU-USD	+0.0040%	1h	4,363.3	−0.015%	$3.8M	$4.7M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,398	+0.780%	—	$1.0M	25x	as long as short
Lighter XAU	+0.0048%	1h	4,360	−0.092%	$20.6M	$43.2M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,360.6	−0.077%	$294.3M	$51.8M	25x	as long as short
Polymarket Perps GOLD-USD	+0.0050%	1h	4,363.4	−0.012%	$4.3M	$1.8M	20x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,360.7	−0.075%	$14.8M	$57.2M	25x	as long as short
QFEX GOLD-USD	+0.0051%	1h	4,363.7	−0.006%	$5.6M	$1.9M	20x	as long as short
Phoenix GOLD	+0.0055%	1h	4,359.6	−0.100%	$48K	$64K	25x	as long as short
Lighter RH XAU	+0.0056%	1h	4,363.4	−0.012%	$20.2M	$40.5M	25x	as long as short
MEXC XAU_USDT	+0.0060%	4h	4,361.6	−0.054%	$372.3M	$318.4M	1000x	as long as short
Binance XAUUSDT	+0.0062%	4h	4,361.3	−0.060%	$411.5M	$2.12B	100x	as long as short
edgeX XAUUSDC	+0.0063%	4h	4,356.5	−0.169%	$30.3M	$60.4M	50x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,359.6	−0.100%	$2.0M	$5.0M	25x	as long as short
Paradex XAU-USD-PERPlong	+0.0088%	8h	4,363.9	long leg	$19K	$5K	5x
Aevo XAU-PERP	+0.0096%	1h	4,362.9	−0.025%	$162K	$87	10x	as long as short
Pacifica XAU	+0.0100%	1h	4,361	−0.067%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,359.2	−0.110%	$275K	$204K	50x	as long as short
Bitget XAUUSDT	+0.0114%	4h	4,363.3	−0.015%	$69.5M	$111.4M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0117%	1h	4,361.2	−0.063%	$235K	$659K	25x	as long as short
RISEx XAU/USDC	+0.0135%	1h	4,364.6	+0.015%	$3.4M	$12.4M	25x	as long as short
GRVT XAU_USDT_Perp	+0.0152%	4h	4,362.3	−0.039%	$1.4M	$3.1M	25x	as long as short
Bullet GOLD-USD	+0.0184%	1h	4,364.4	+0.010%	$59K	$83K	10x	as long as short
Bybit XAUUSDT	+0.0195%	4h	4,361.2	−0.062%	$83.5M	$144.7M	150x	as long as short
OKX XAU-USDT-SWAP	+0.0217%	8h	4,362.2	−0.040%	$164.2M	$286.4M	100x	as long as short
BloFin XAU-USDT	+0.0241%	4h	4,362.7	−0.028%	$15.4M	$4.6M	100x	as long as short
Phemex XAUUSDT	+0.0265%	4h	4,364.8	+0.019%	$2.2M	$1.1M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0269%	1h	4,360.8	−0.072%	$595K	$141K	25x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0394% / S −0.0199%	1h	4,363.9	−0.001%	$254K	—	111x	as long as short
HTX XAU-USDT	+0.0554%	4h	4,366.7	+0.063%	$2.9M	$3.9M	75x	as long as short