XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0297%/8h= −32.6% APRnext payment −$0.37 per $10,000 · paid last 24h −0.063%

Price spread now: Polymarket Perps against GMX−0.021%7-day average −0.075% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on GMX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.273%−$27 on $10k

Price spread, last 3 days (all we have)−0.081%−$8 · spread now −0.021%, 7d avg −0.075%

Together, before fees−0.354%−$35 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Polymarket Perps is 0.054% dearer against GMX than usual: you sell high and buy low (spread −0.021% now, against its 7-day average of −0.075%): +$5 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 15 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX GOLD/USD [ETH-USDC]	4,353.9	L +0.0398% / S −0.0206%	pay 0.0050% / 1h	53m 13s	$251K	—	111x
Short	Polymarket Perps GOLD-USD	4,353	0.0100	get 0.0013% / 1h	53m 13s	$4.3M	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against GMX. 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 GMXbpFee Polymarket PerpsbpOrdersPrice spread, now −0.021%Rate

Funding earned: −$62.43
Price spread: −0.021% → −0.075%: $5.42
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$77.01
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Polymarket Perps: live order book, 6 min ago. Net counts fees only.

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 GMX no order-book sample	—	—	—	—	—
Sell Polymarket Perps live order book, 6 min ago	0.12 bp	5.3 bp −$5	6.0 bp −$60	6.5 bp −$649	doesn't fit

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

XAU on 38 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	−0.0142%	1h	4,347.2	−0.155%	$25K	$14K	20x	as long as short
Gate XAU_USDT	0.0000%	4h	4,355.2	+0.030%	$262.5M	$405.0M	100x	as long as short
SunX XAU-USDT	0.0000%	4h	4,358.3	+0.100%	$93K	$9.4M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,349.6	−0.100%	$269K	—	250x	as long as short
RISEx XAU/USDC	+0.0010%	1h	4,354.1	+0.004%	$3.4M	$12.4M	25x	as long as short
Lighter XAU	+0.0032%	1h	4,352.7	−0.029%	$20.6M	$41.8M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,349.7	−0.098%	$13.5M	$40.8M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.081%	$619	$54	52x	as long as short
Kalshi KXGOLDPERP	+0.0036%	24h	4,351.8	−0.049%	$4.1M	$36.2M	15x	as long as short
StandX XAU-USD	+0.0040%	1h	4,355.4	+0.034%	$3.8M	$4.6M	40x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest GC-PERP	+0.0046%	1h	4,387.2	+0.764%	—	$1.0M	25x	as long as short
QFEX GOLD-USD	+0.0046%	1h	4,353.5	−0.010%	$5.6M	$1.9M	20x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0048%	1h	4,350.3	−0.083%	$2.0M	$4.9M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,350.5	−0.079%	$293.6M	$48.6M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,350.4	−0.081%	$15.1M	$57.9M	25x	as long as short
Aster XAUUSD1	+0.0061%	4h	4,354.9	+0.023%	$70.2M	$328.3M	20x	as long as short
Lighter RH XAU	+0.0064%	1h	4,355.1	+0.028%	$20.1M	$39.3M	25x	as long as short
Paradex XAU-USD-PERP	+0.0085%	8h	4,353.7	−0.005%	$19K	$5K	5x	as long as short
Pacifica XAU	+0.0100%	1h	4,350.4	−0.081%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,351.3	−0.060%	$275K	$204K	50x	as long as short
Polymarket Perps GOLD-USDshort	+0.0100%	1h	4,353	−0.021%	$4.3M	$1.9M	20x
Hotstuff GOLD-PERP	+0.0104%	1h	4,352.8	−0.026%	$33K	—	25x	as long as short
Variational Omni XAU	+0.0107%	4h	4,352.3	−0.038%	$48.3M	$28.1M	—	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,353.3	−0.013%	$161K	$87	10x	as long as short
Binance XAUUSDT	+0.0120%	4h	4,353.9	0.000%	$410.7M	$2.09B	100x	as long as short
MEXC XAU_USDT	+0.0120%	4h	4,353.9	0.000%	$372.4M	$315.3M	1000x	as long as short
edgeX XAUUSDC	+0.0121%	4h	4,347.1	−0.157%	$30.3M	$58.7M	50x	as long as short
GRVT XAU_USDT_Perp	+0.0136%	4h	4,354	+0.003%	$1.4M	$3.0M	25x	as long as short
Phoenix GOLD	+0.0136%	1h	4,352	−0.044%	$48K	$77K	25x	as long as short
Bullet GOLD-USD	+0.0189%	1h	4,353.9	−0.001%	$59K	$83K	10x	as long as short
Bybit XAUUSDT	+0.0207%	4h	4,355	+0.026%	$84.0M	$145.0M	150x	as long as short
Bitget XAUUSDT	+0.0210%	4h	4,354.3	+0.009%	$69.7M	$109.0M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0249%	8h	4,355.1	+0.027%	$164.6M	$282.1M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0269%	1h	4,350.6	−0.077%	$594K	$133K	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0302%	1h	4,352.4	−0.035%	$259K	$702K	25x	as long as short
Phemex XAUUSDT	+0.0311%	4h	4,355.7	+0.040%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]long	L +0.0398% / S −0.0206%	1h	4,353.9	long leg	$251K	—	111x
HTX XAU-USDT	+0.0614%	4h	4,359	+0.117%	$2.9M	$4.2M	75x	as long as short