Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0107%/8h= +11.7% APRpaid last 24h −0.007%

Price spread now: Polymarket Perps against edgeX+0.068%7-day average +0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$14as in the Price arb table

costs, in and out, $10k−$190.188% of the position

Long on edgeX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.070%−$7 on $10k

Price spread, last 7 days−0.112%−$11 · spread now +0.068%, 7d avg +0.023%

Together, before fees−0.182%+ Points / potential airdropedgeX: Active · farm board−$18 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Polymarket Perps is 0.045% dearer against edgeX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.023%. Mind the row above: over the last 7 days funding on this pair cost −0.070%, 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	edgeX XAUUSDC	4,359.4	0.0022	pay 0.0011% / 4h	3h 31m	$30.3M	$60.5M	50x
Short	Polymarket Perps GOLD-USD	4,362.4	0.0129	get 0.0016% / 1h	31m 00s	$4.3M	$1.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against edgeX. 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 edgeXbpFee Polymarket PerpsbpOrdersPrice spread, now +0.068%Rate

Funding earned: $22.43
Price spread: +0.068% → +0.023%: $4.5
Slippage, 4 orders: −$1.84
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: $8.09
Costs to cover: 0.188%
Break-even: 4.5 days

Slippage from edgeX: live order book, 3 min ago; Polymarket Perps: live order book, 3 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 edgeX live order book, 3 min ago	0.34 bp	4.8 bp −$5	4.8 bp −$48	8.8 bp −$879	41.4 bp −$20.7K
Sell Polymarket Perps live order book, 3 min ago	0.12 bp	4.3 bp −$4	4.8 bp −$48	5.4 bp −$539	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
Hotstuff GOLD-PERP	−0.0048%	1h	4,360	+0.013%	$33K	—	25x	as long as short
Aster XAUUSD1	0.0000%	4h	4,362.8	+0.078%	$71.1M	$200.7M	20x	as long as short
Gate XAU_USDT	0.0000%	4h	4,364.2	+0.109%	$265.6M	$414.5M	100x	as long as short
Variational Omni XAU	0.0000%	4h	4,362.5	+0.071%	$48.0M	$28.0M	—	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,360.1	+0.015%	$4.0M	$36.5M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,367.3	+0.181%	$93K	$10.3M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,359	−0.010%	$267K	—	250x	as long as short
MEXC XAU_USDT	+0.0010%	4h	4,363.2	+0.086%	$373.3M	$325.9M	1000x	as long as short
Binance XAUUSDT	+0.0012%	4h	4,362.7	+0.075%	$410.6M	$2.15B	100x	as long as short
edgeX XAUUSDClong	+0.0022%	4h	4,359.4	long leg	$30.3M	$60.5M	50x

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.207%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,364.2	+0.109%	$3.8M	$4.7M	40x	as long as short
Bitget XAUUSDT	+0.0042%	4h	4,363.3	+0.088%	$69.5M	$113.3M	100x	as long as short
QFEX GOLD-USD	+0.0045%	1h	4,362.8	+0.077%	$5.6M	$1.9M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,397	+0.862%	—	$1.0M	25x	as long as short
BloFin XAU-USDT	+0.0046%	4h	4,363.5	+0.092%	$15.5M	$4.5M	100x	as long as short
RISEx XAU/USDC	+0.0048%	1h	4,363	+0.082%	$3.4M	$12.3M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,359.7	+0.006%	$293.9M	$52.4M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,358.2	−0.028%	$14.7M	$57.2M	25x	as long as short
Phoenix GOLD	+0.0055%	1h	4,361.9	+0.057%	$48K	$64K	25x	as long as short
Lighter XAU	+0.0072%	1h	4,362	+0.059%	$20.6M	$43.9M	25x	as long as short
Paradex XAU-USD-PERP	+0.0079%	8h	4,362.9	+0.079%	$19K	$5K	5x	as long as short
Aevo XAU-PERP	+0.0080%	1h	4,362.3	+0.066%	$162K	$87	10x	as long as short
Lighter RH XAU	+0.0096%	1h	4,364.4	+0.115%	$20.2M	$41.0M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0096%	1h	4,360.1	+0.015%	$2.0M	$5.1M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,359.8	+0.009%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,360.8	+0.031%	$275K	$204K	50x	as long as short
Bybit XAUUSDT	+0.0101%	4h	4,363.7	+0.098%	$83.0M	$143.7M	150x	as long as short
Extended XAU-USD	+0.0128%	1h	4,359	−0.010%	$13.5M	$44.0M	25x	as long as short
Polymarket Perps GOLD-USDshort	+0.0129%	1h	4,362.4	+0.068%	$4.3M	$1.8M	20x
GRVT XAU_USDT_Perp	+0.0154%	4h	4,365.2	+0.133%	$1.4M	$3.1M	25x	as long as short
OKX XAU-USDT-SWAP	+0.0193%	8h	4,364.4	+0.114%	$165.6M	$286.3M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0209%	1h	4,361.5	+0.048%	$235K	$656K	25x	as long as short
Bullet GOLD-USD	+0.0213%	1h	4,363.2	+0.086%	$59K	$82K	10x	as long as short
Kraken Futures PF_XAUUSD	+0.0225%	1h	4,359.9	+0.011%	$595K	$150K	25x	as long as short
Bluefin GOLD-PERP	+0.0233%	1h	4,355.5	−0.090%	$26K	$22K	20x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0389% / S −0.0197%	1h	4,363.2	+0.086%	$252K	—	111x	as long as short
Phemex XAUUSDT	+0.0534%	4h	4,366.9	+0.170%	$2.2M	$1.1M	100x	as long as short
HTX XAU-USDT	+0.0625%	4h	4,366.3	+0.158%	$2.9M	$3.9M	75x	as long as short