Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0110%/8h= +12.1% APRpaid last 24h +0.033%

Price spread now: Polymarket Perps against Gate−0.061%7-day average −0.106% · you buy dearer than you sell

Net, funding: paid 7d − costs−$15as in the Funding arb table

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$230.233% of the position

Long on Gate Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.085%+$8 on $10k

Price spread, last 7 days−0.067%−$7 · spread now −0.061%, 7d avg −0.106%

Together, before fees+0.018%+$2 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 Gate than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.106%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XAU_USDT	4,325.7	0.0098	pay 0.0049% / 4h	1h 31m	$282.7M	$415.9M	100x
Short	Polymarket Perps GOLD-USD	4,323	0.0208	get 0.0026% / 1h	31m 07s	$4.3M	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Gate. 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 GatebpFee Polymarket PerpsbpOrdersPrice spread, now −0.061%Rate

Funding earned: $23.2
Price spread: −0.061% → −0.106%: $4.46
Slippage, 4 orders: −$0.32
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: $4.34
Costs to cover: 0.233%
Break-even: 5.7 days

Slippage from Gate: 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 Gate live order book, 3 min ago	0.01 bp	7.6 bp −$8	9.2 bp −$92	12.6 bp −$1,255	14.3 bp −$7,155
Sell Polymarket Perps live order book, 3 min ago	0.12 bp	4.1 bp −$4	4.2 bp −$42	5.3 bp −$534	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	−0.0098%	1h	4,316.8	−0.204%	$25K	$14K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,327.2	+0.036%	$92K	$7.7M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,319.8	−0.135%	$270K	—	250x	as long as short
Bybit XAUUSDT	+0.0005%	4h	4,324.6	−0.025%	$77.4M	$155.0M	150x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.573%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,323.4	−0.052%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0042%	1h	4,322	−0.084%	$5.4M	$2.0M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,355.4	+0.688%	—	$1.0M	25x	as long as short
Extended XAU-USD	+0.0048%	1h	4,319.2	−0.149%	$12.9M	$36.9M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,320	−0.131%	$291.5M	$51.5M	25x	as long as short

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	4,318.5	−0.166%	$15.0M	$55.6M	25x	as long as short
Lighter XAU	+0.0064%	1h	4,322.8	−0.065%	$20.3M	$30.5M	25x	as long as short
Aster XAUUSD1	+0.0068%	4h	4,324.9	−0.018%	$72.5M	$278.0M	20x	as long as short
Hotstuff GOLD-PERP	+0.0072%	1h	4,319.8	−0.135%	$32K	—	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,321.5	−0.096%	$2.1M	$4.9M	25x	as long as short
Paradex XAU-USD-PERP	+0.0074%	8h	4,323	−0.062%	$2K	$13K	5x	as long as short
Kalshi KXGOLDPERP	+0.0076%	24h	4,324.6	−0.024%	$3.8M	$43.6M	15x	as long as short
GRVT XAU_USDT_Perp	+0.0080%	4h	4,322.8	−0.065%	$1.4M	$3.0M	25x	as long as short
Variational Omni XAU	+0.0092%	4h	4,321.3	−0.100%	$47.3M	$28.9M	—	as long as short
MEXC XAU_USDT	+0.0096%	4h	4,323.6	−0.048%	$362.3M	$330.6M	1000x	as long as short
Binance XAUUSDT	+0.0097%	4h	4,323.2	−0.056%	$416.4M	$2.12B	100x	as long as short
Gate XAU_USDTlong	+0.0098%	4h	4,325.7	long leg	$282.7M	$415.9M	100x
Phoenix GOLD	+0.0100%	1h	4,322	−0.084%	$47K	$79K	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,319.8	−0.136%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,319.9	−0.134%	$272K	$208K	50x	as long as short
Lighter RH XAU	+0.0104%	1h	4,325.3	−0.008%	$19.8M	$38.7M	25x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,322.6	−0.071%	$160K	$87	10x	as long as short
edgeX XAUUSDC	+0.0116%	4h	4,319.6	−0.140%	$30.0M	$61.3M	50x	as long as short
Kraken Futures PF_XAUUSD	+0.0153%	1h	4,320.2	−0.127%	$584K	$134K	25x	as long as short
Bullet GOLD-USD	+0.0177%	1h	4,323.3	−0.055%	$59K	$82K	10x	as long as short
RISEx XAU/USDC	+0.0184%	1h	4,325.4	−0.006%	$4.2M	$12.8M	25x	as long as short
Polymarket Perps GOLD-USDshort	+0.0208%	1h	4,323	−0.061%	$4.3M	$1.9M	20x
Bitget XAUUSDT	+0.0226%	4h	4,323.4	−0.051%	$67.8M	$118.6M	100x	as long as short
HTX XAU-USDT	+0.0238%	4h	4,326.7	+0.023%	$2.8M	$4.9M	75x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0259%	1h	4,322.1	−0.082%	$192K	$834K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0308%	8h	4,324.2	−0.034%	$171.3M	$297.8M	100x	as long as short
BloFin XAU-USDT	+0.0337%	4h	4,323.3	−0.055%	$16.1M	$4.6M	100x	as long as short
Phemex XAUUSDT	+0.0342%	4h	4,324.6	−0.024%	$2.2M	$967K	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0462% / S −0.0307%	1h	4,323.3	−0.055%	$252K	—	111x	as long as short