XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0101%/8h= +11.0% APRnext payment +$0.13 per $10,000 · paid last 24h +0.038%

Price spread now: Polymarket Perps against gTrade (Gains Network)+0.083%7-day average +0.068% · 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−$275as in the Price arb table

costs, in and out, $10k−$2762.761% of the position

Long on gTrade (Gains Network)Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.070%+$7 on $10k

Price spread, last 3 days (all we have)−0.122%−$12 · spread now +0.083%, 7d avg +0.068%

Together, before fees−0.052%−$5 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: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) XAU/USD	4,367.2	L +0.0002% / S −0.0003%	pay 0.0000% / 1h	16m 54s	$268K	—	250x
Short	Polymarket Perps GOLD-USD	4,370.8	0.0103	get 0.0013% / 1h	16m 54s	$4.3M	$1.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee Polymarket PerpsbpOrdersPrice spread, now +0.083%Rate

Funding earned: $21.13
Price spread: +0.083% → +0.068%: $1.54
Slippage, 4 orders: −$261.14
Fee gTrade (Gains Network): 3.5 bp × 2 orders: −$7
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$253.48
Costs to cover: 2.761%
Break-even: 91.0 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 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 gTrade (Gains Network) virtual book (oracle venue), 27 min ago	130.01 bp	133.5 bp −$134	196.7 bp −$1,967	1352.9 bp −$135.3K	5907.8 bp −$2.95M
Sell Polymarket Perps live order book, 2 min ago	0.11 bp	5.0 bp −$5	5.4 bp −$54	6.2 bp −$621	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
Bluefin GOLD-PERP	−0.0222%	1h	4,363.8	−0.076%	$26K	$22K	20x	as long as short
Phoenix GOLD	−0.0004%	1h	4,370.3	+0.072%	$48K	$65K	25x	as long as short
Aster XAUUSD1	0.0000%	4h	4,371.9	+0.109%	$71.7M	$225.1M	20x	as long as short
Binance XAUUSDT	0.0000%	4h	4,370.8	+0.082%	$410.5M	$2.14B	100x	as long as short
Bybit XAUUSDT	0.0000%	4h	4,371.4	+0.097%	$82.6M	$142.5M	150x	as long as short
RISEx XAU/USDC	0.0000%	1h	4,371.4	+0.097%	$3.4M	$12.3M	25x	as long as short
Gate XAU_USDT	0.0000%	4h	4,371.7	+0.103%	$267.5M	$417.3M	100x	as long as short
MEXC XAU_USDT	0.0000%	4h	4,370.7	+0.081%	$375.3M	$324.0M	1000x	as long as short
Bitget XAUUSDT	0.0000%	4h	4,371.2	+0.091%	$69.6M	$113.4M	100x	as long as short
Variational Omni XAU	0.0000%	4h	4,366.6	−0.014%	$48.5M	$30.2M	—	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT XAU_USDT_Perp	0.0000%	4h	4,373.1	+0.135%	$1.4M	$3.1M	25x	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,368.8	+0.037%	$4.0M	$36.2M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,375.1	+0.181%	$93K	$10.6M	20x	as long as short
gTrade (Gains Network) XAU/USDlong	L +0.0002% / S −0.0003%	1h	4,367.2	long leg	$268K	—	250x
edgeX XAUUSDC	+0.0008%	4h	4,362.7	−0.101%	$30.3M	$59.3M	50x	as long as short
Hotstuff GOLD-PERP	+0.0016%	1h	4,367.4	+0.005%	$33K	—	25x	as long as short
QFEX GOLD-USD	+0.0032%	1h	4,369.3	+0.049%	$5.4M	$1.9M	20x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.384%	$619	$54	52x	as long as short
Lighter XAU	+0.0040%	1h	4,369.7	+0.058%	$20.7M	$44.9M	25x	as long as short
StandX XAU-USD	+0.0040%	1h	4,369.2	+0.046%	$3.8M	$4.7M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,405.5	+0.878%	—	$1.0M	25x	as long as short
Lighter RH XAU	+0.0048%	1h	4,372.2	+0.116%	$20.2M	$42.2M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,367.3	+0.003%	$294.2M	$52.5M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,367.6	+0.011%	$14.6M	$56.9M	25x	as long as short
Paradex XAU-USD-PERP	+0.0054%	8h	4,371	+0.088%	$19K	$5K	5x	as long as short
Extended XAU-USD	+0.0056%	1h	4,367.2	0.000%	$13.1M	$45.5M	25x	as long as short
Aevo XAU-PERP	+0.0080%	1h	4,371.1	+0.090%	$162K	$87	10x	as long as short
Pacifica XAU	+0.0100%	1h	4,367.8	+0.014%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,368.8	+0.036%	$277K	$204K	50x	as long as short
Polymarket Perps GOLD-USDshort	+0.0103%	1h	4,370.8	+0.083%	$4.3M	$1.8M	20x
Bullet GOLD-USD	+0.0108%	1h	4,371.3	+0.094%	$59K	$81K	10x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0152%	1h	4,370.1	+0.067%	$2.0M	$5.1M	25x	as long as short
OKX XAU-USDT-SWAP	+0.0162%	8h	4,371.7	+0.104%	$158.6M	$275.4M	100x	as long as short
HTX XAU-USDT	+0.0176%	4h	4,376	+0.203%	$2.8M	$3.8M	75x	as long as short
Kraken Futures PF_XAUUSD	+0.0219%	1h	4,368.3	+0.026%	$603K	$136K	25x	as long as short
BloFin XAU-USDT	+0.0240%	4h	4,371	+0.089%	$14.8M	$4.5M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0277%	1h	4,369.8	+0.060%	$235K	$736K	25x	as long as short
Phemex XAUUSDT	+0.0316%	4h	4,370.6	+0.079%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0389% / S −0.0197%	1h	4,370.9	+0.085%	$252K	—	111x	as long as short