XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0027%/8h= +3.0% APRnext payment +$0.03 per $10,000 · paid last 24h −0.033%

Price spread now: Polymarket Perps against Deribit+0.039%7-day average +0.045% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$200.203% of the position

Long on Deribit Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.698%−$70 on $10k

Price spread, last 4 days (all we have)−0.025%−$2 · spread now +0.039%, 7d avg +0.045%

Together, before fees−0.723%−$72 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.045%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. Mind the row above: over the last 4 days funding on this pair cost −0.698%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit GOLD_USDC-PERPETUAL	4,339.9	0.0188	pay 0.0023% / 1h	26m 44s	$205K	$827K	25x
Short	Polymarket Perps GOLD-USD	4,341.6	0.0215	get 0.0027% / 1h	26m 44s	$4.3M	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Deribit. 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 DeribitbpFee Polymarket PerpsbpOrdersPrice spread, now +0.039%Rate

Funding earned: $5.76
Price spread: +0.039% → +0.045%: −$0.63
Slippage, 4 orders: −$5.27
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$15.13
Costs to cover: 0.203%
Break-even: 25.4 days

Slippage from Deribit: live order book, 27 min ago; Polymarket Perps: live order book, 2 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 Deribit live order book, 27 min ago	0.12 bp	3.6 bp −$4	4.8 bp −$48	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 2 min ago	0.12 bp	4.1 bp −$4	5.2 bp −$52	5.8 bp −$582	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	4,345.8	+0.135%	$92K	$8.6M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,337.6	−0.053%	$271K	—	250x	as long as short
RISEx XAU/USDC	+0.0005%	1h	4,341.2	+0.030%	$3.8M	$12.4M	25x	as long as short
Bybit XAUUSDT	+0.0021%	4h	4,341.8	+0.044%	$79.9M	$152.3M	150x	as long as short
Extended XAU-USD	+0.0032%	1h	4,337	−0.067%	$13.3M	$37.1M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.242%	$619	$54	52x	as long as short
Bluefin GOLD-PERP	+0.0034%	1h	4,335.5	−0.101%	$25K	$14K	20x	as long as short
StandX XAU-USD	+0.0040%	1h	4,342.3	+0.055%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0042%	1h	4,340.3	+0.009%	$5.5M	$2.1M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,374.1	+0.788%	—	$1.0M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XAU	+0.0048%	1h	4,340.3	+0.010%	$20.7M	$34.6M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,338	−0.044%	$293.5M	$49.3M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,338.4	−0.035%	$15.1M	$56.9M	25x	as long as short
Kalshi KXGOLDPERP	+0.0051%	24h	4,339.3	−0.014%	$4.2M	$37.4M	15x	as long as short
Paradex XAU-USD-PERP	+0.0054%	8h	4,340.6	+0.016%	$19K	$5K	5x	as long as short
Lighter RH XAU	+0.0056%	1h	4,342.4	+0.057%	$20.2M	$39.9M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0056%	1h	4,339.5	−0.009%	$2.1M	$4.8M	25x	as long as short
Hotstuff GOLD-PERP	+0.0064%	1h	4,338.2	−0.039%	$33K	—	25x	as long as short
Gate XAU_USDT	+0.0078%	4h	4,343.3	+0.077%	$268.9M	$416.6M	100x	as long as short
Aster XAUUSD1	+0.0091%	4h	4,342.9	+0.069%	$71.5M	$332.2M	20x	as long as short
Variational Omni XAU	+0.0100%	4h	4,341.1	+0.029%	$48.3M	$27.6M	—	as long as short
Pacifica XAU	+0.0100%	1h	4,337.8	−0.048%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,337.5	−0.054%	$274K	$203K	50x	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,340.8	+0.021%	$161K	$87	10x	as long as short
MEXC XAU_USDT	+0.0114%	4h	4,341.1	+0.028%	$370.9M	$320.0M	1000x	as long as short
Binance XAUUSDT	+0.0116%	4h	4,341.1	+0.027%	$417.6M	$2.09B	100x	as long as short
edgeX XAUUSDC	+0.0122%	4h	4,337.8	−0.048%	$30.2M	$58.1M	50x	as long as short
Phoenix GOLD	+0.0136%	1h	4,338.4	−0.035%	$47K	$77K	25x	as long as short
Deribit GOLD_USDC-PERPETUALlong	+0.0188%	1h	4,339.9	long leg	$205K	$827K	25x
GRVT XAU_USDT_Perp	+0.0204%	4h	4,341.8	+0.043%	$1.4M	$2.9M	25x	as long as short
Polymarket Perps GOLD-USDshort	+0.0215%	1h	4,341.6	+0.039%	$4.3M	$1.9M	20x
Bullet GOLD-USD	+0.0216%	1h	4,341.7	+0.041%	$59K	$82K	10x	as long as short
Kraken Futures PF_XAUUSD	+0.0259%	1h	4,338.8	−0.026%	$592K	$132K	25x	as long as short
Phemex XAUUSDT	+0.0259%	4h	4,344.5	+0.105%	$2.2M	$967K	100x	as long as short
Bitget XAUUSDT	+0.0262%	4h	4,341.9	+0.046%	$71.0M	$109.2M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0324%	8h	4,342.7	+0.065%	$167.0M	$281.8M	100x	as long as short
BloFin XAU-USDT	+0.0356%	4h	4,341.7	+0.042%	$15.7M	$4.4M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0427% / S −0.0252%	1h	4,341.7	+0.041%	$250K	—	111x	as long as short
HTX XAU-USDT	+0.0596%	4h	4,345.8	+0.135%	$2.8M	$4.6M	75x	as long as short