Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0035%/8hpaid last 24h −0.019%

Price spread now: Hotstuff against Paradex−0.068%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on Hotstuff

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 · Hotstuff: Active · farm boardneeds both histories

Funding pays, the price is against you. Hotstuff is 0.068% cheaper against Paradex than usual: you would sell low and buy high (spread −0.068% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 6.4 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex XAU-USD-PERP	4,356.6	0.0069	pay 0.0069% / 8h	4h 23m	$19K	$6K	5x
Short	Hotstuff GOLD-PERP	4,353.6	0.0104	get 0.0013% / 1h	23m 27s	$33K	—	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff 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 HotstuffbpOrdersPrice spread, now −0.068%Rate

Funding earned: $7.45
Price spread: −0.068% → 0.000%: −$6.78
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$8.34
Costs to cover: 0.090%
Break-even: 14.8 days

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

Paradex and Hotstuff: 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	4,360	+0.079%	$93K	$11.0M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,352.7	−0.088%	$267K	—	250x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.141%	$619	$54	52x	as long as short
Kalshi KXGOLDPERP	+0.0034%	24h	4,352.8	−0.086%	$4.2M	$30.9M	15x	as long as short
StandX XAU-USD	+0.0040%	1h	4,356.2	−0.008%	$3.8M	$4.4M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,390.9	+0.788%	—	$995K	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,353.6	−0.068%	$294.1M	$51.5M	25x	as long as short
QFEX GOLD-USD	+0.0050%	1h	4,355.1	−0.033%	$5.5M	$1.8M	20x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,351.7	−0.113%	$14.9M	$51.2M	25x	as long as short
Gate XAU_USDT	+0.0068%	4h	4,358.2	+0.038%	$273.7M	$406.2M	100x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex XAU-USD-PERPlong	+0.0069%	8h	4,356.6	long leg	$19K	$6K	5x
Lighter XAU	+0.0072%	1h	4,356.1	−0.012%	$20.8M	$46.2M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,353.6	−0.068%	$2.0M	$5.2M	25x	as long as short
RISEx XAU/USDC	+0.0100%	1h	4,356.4	−0.003%	$3.6M	$12.3M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,353.5	−0.070%	$1.4M	$1.3M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,352	−0.106%	$273K	$203K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,350.4	−0.141%	$26K	$21K	20x	as long as short
Hotstuff GOLD-PERPshort	+0.0104%	1h	4,353.6	−0.068%	$33K	—	25x
Aevo XAU-PERP	+0.0112%	1h	4,356.1	−0.010%	$161K	$87	10x	as long as short
Bullet GOLD-USD	+0.0113%	1h	4,355.6	−0.021%	$59K	$77K	10x	as long as short
Extended XAU-USD	+0.0120%	1h	4,353	−0.081%	$13.2M	$51.1M	25x	as long as short
Variational Omni XAU	+0.0134%	4h	4,355.3	−0.028%	$47.7M	$34.5M	—	as long as short
MEXC XAU_USDT	+0.0138%	4h	4,356.2	−0.008%	$379.2M	$334.4M	1000x	as long as short
Binance XAUUSDT	+0.0140%	4h	4,356.1	−0.011%	$415.3M	$2.07B	100x	as long as short
Aster XAUUSD1	+0.0148%	4h	4,356.8	+0.006%	$70.3M	$240.4M	20x	as long as short
Phoenix GOLD	+0.0151%	1h	4,353.7	−0.066%	$43K	$64K	25x	as long as short
GRVT XAU_USDT_Perp	+0.0156%	4h	4,356	−0.012%	$1.4M	$3.4M	25x	as long as short
edgeX XAUUSDC	+0.0156%	4h	4,352	−0.105%	$30.3M	$56.7M	50x	as long as short
Lighter RH XAU	+0.0160%	1h	4,358.9	+0.054%	$20.4M	$44.8M	25x	as long as short
Bybit XAUUSDT	+0.0172%	4h	4,357.2	+0.015%	$84.1M	$140.1M	150x	as long as short
Polymarket Perps GOLD-USD	+0.0198%	1h	4,356.8	+0.006%	$4.4M	$2.3M	20x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0232%	1h	4,355.7	−0.020%	$222K	$959K	25x	as long as short
Bitget XAUUSDT	+0.0268%	4h	4,356	−0.014%	$69.0M	$109.3M	100x	as long as short
HTX XAU-USDT	+0.0286%	4h	4,358.3	+0.041%	$2.8M	$3.6M	75x	as long as short
OKX XAU-USDT-SWAP	+0.0311%	8h	4,357.6	+0.024%	$158.1M	$268.9M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0328%	1h	4,354.1	−0.057%	$588K	$108K	25x	as long as short
Phemex XAUUSDT	+0.0339%	4h	4,358.8	+0.052%	$2.2M	$1.1M	100x	as long as short
BloFin XAU-USDT	+0.0380%	4h	4,356	−0.014%	$14.9M	$4.2M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0456% / S −0.0289%	1h	4,355.8	−0.017%	$251K	—	111x	as long as short