Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0348%/8h= −38.1% APRpaid last 24h −0.056%

Price spread now: Polymarket Perps against BloFin−0.068%7-day average −0.068% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,114as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,076as in the Price arb table

costs, in and out, $10k−$1,07610.757% of the position

Long on BloFin Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.379%−$38 on $10k

Price spread, last 4 days (all we have)−0.145%−$15 · spread now −0.068%, 7d avg −0.068%

Together, before fees−0.524%−$52 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.068%, so right now this pair is about funding alone: −$10 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin XAU-USDT	4,306.2	0.0398	pay 0.0199% / 4h	3h 43m	$16.1M	$5.0M	100x
Short	Polymarket Perps GOLD-USD	4,303.3	0.0050	get 0.0006% / 1h	43m 12s	$4.3M	$1.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against BloFin. 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 BloFinbpFee Polymarket PerpsbpOrdersPrice spread, now −0.068%Rate

Funding earned: −$73.03
Price spread: −0.068% → −0.068%: $0.09
Slippage, 4 orders: −$1,055.69
Fee BloFin: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$1,148.63
Costs to cover: 10.757%
Break-even: never at this rate

Slippage from BloFin: live order book, 6 min ago; Polymarket Perps: live order book, 1 min ago.

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 BloFin live order book, 6 min ago	0.01 bp	6.0 bp −$6	6.0 bp −$60	7.2 bp −$723	doesn't fit
Sell Polymarket Perps live order book, 1 min ago	166.20 bp	833.1 bp −$833	doesn't fit	doesn't fit	doesn't fit

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	4,309.8	+0.084%	$92K	$6.8M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,302.1	−0.097%	$268K	—	250x	as long as short
Hotstuff GOLD-PERP	+0.0016%	1h	4,308.7	+0.058%	$32K	—	25x	as long as short
Bybit XAUUSDT	+0.0027%	4h	4,306.5	+0.007%	$76.9M	$157.3M	150x	as long as short
Extended XAU-USD	+0.0032%	1h	4,302	−0.097%	$13.0M	$36.2M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+1.027%	$619	$54	52x	as long as short
Vest GC-PERP	+0.0046%	1h	4,338.4	+0.748%	—	$1.0M	25x	as long as short
QFEX GOLD-USD	+0.0046%	1h	4,305.8	−0.010%	$6.6M	$3.2M	20x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,302.4	−0.088%	$290.8M	$54.5M	25x	as long as short
Polymarket Perps GOLD-USDshort	+0.0050%	1h	4,303.3	−0.068%	$4.3M	$1.8M	20x

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps XAU-USD.P	+0.0050%	1h	4,302.8	−0.079%	$15.0M	$55.7M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0056%	1h	4,302	−0.098%	$2.0M	$5.1M	25x	as long as short
Paradex XAU-USD-PERP	+0.0061%	8h	4,305.6	−0.015%	$2K	$13K	5x	as long as short
Aster XAUUSD1	+0.0061%	4h	4,307.3	+0.024%	$73.3M	$271.9M	20x	as long as short
Lighter XAU	+0.0080%	1h	4,305.2	−0.023%	$20.3M	$28.7M	25x	as long as short
Lighter RH XAU	+0.0088%	1h	4,307.5	+0.030%	$19.8M	$39.7M	25x	as long as short
Phoenix GOLD	+0.0095%	1h	4,305.5	−0.016%	$42K	$86K	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,302.4	−0.087%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,305.9	−0.007%	$276K	$218K	50x	as long as short
StandX XAU-USD	+0.0104%	1h	4,309.6	+0.079%	$3.8M	$4.5M	40x	as long as short
Variational Omni XAU	+0.0106%	4h	4,313.8	+0.177%	$46.8M	$29.1M	—	as long as short
Kalshi KXGOLDPERP	+0.0107%	24h	4,308.3	+0.049%	$3.7M	$46.3M	15x	as long as short
Binance XAUUSDT	+0.0110%	4h	4,305.7	−0.012%	$433.6M	$2.22B	100x	as long as short
Gate XAU_USDT	+0.0112%	4h	4,308.2	+0.046%	$295.3M	$424.3M	100x	as long as short
MEXC XAU_USDT	+0.0112%	4h	4,306.2	0.000%	$360.8M	$335.2M	1000x	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,305.6	−0.014%	$159K	$87	10x	as long as short
edgeX XAUUSDC	+0.0118%	4h	4,309.9	+0.087%	$30.0M	$62.1M	50x	as long as short
GRVT XAU_USDT_Perp	+0.0120%	4h	4,309.7	+0.082%	$1.4M	$3.1M	25x	as long as short
RISEx XAU/USDC	+0.0126%	1h	4,306.6	+0.008%	$4.4M	$13.1M	25x	as long as short
Bitget XAUUSDT	+0.0190%	4h	4,305.4	−0.020%	$70.2M	$124.0M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0192%	1h	4,304.4	−0.042%	$134K	$882K	25x	as long as short
Bullet GOLD-USD	+0.0201%	1h	4,306.4	+0.004%	$58K	$81K	10x	as long as short
OKX XAU-USDT-SWAP	+0.0250%	8h	4,307	+0.018%	$170.1M	$327.7M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0328%	1h	4,303.3	−0.068%	$572K	$138K	25x	as long as short
BloFin XAU-USDTlong	+0.0398%	4h	4,306.2	long leg	$16.1M	$5.0M	100x
GMX GOLD/USD [ETH-USDC]	L +0.0466% / S −0.0314%	1h	4,306	−0.005%	$255K	—	111x	as long as short
Phemex XAUUSDT	+0.0776%	4h	4,309.8	+0.084%	$2.2M	$951K	100x	as long as short
HTX XAU-USDT	+0.1103%	4h	4,313.4	+0.167%	$3.2M	$6.2M	75x	as long as short
Bluefin GOLD-PERP	+0.4251%	1h	4,345.1	+0.902%	$25K	$1K	20x	as long as short