Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0462%/8h= −50.6% APRpaid last 24h −0.019%

Price spread now: Polymarket Perps against HTX−0.141%7-day average −0.118% · you buy dearer than you sell

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$280.276% of the position

Long on HTX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.026%−$3 on $10k

Price spread, last 4 days (all we have)−0.069%−$7 · spread now −0.141%, 7d avg −0.118%

Together, before fees−0.095%−$10 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Polymarket Perps is 0.024% cheaper against HTX than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.118%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.026% in total (about -1.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX XAU-USDT	4,353.8	0.0578	pay 0.0289% / 4h	1h 12m	$2.9M	$4.2M	75x
Short	Polymarket Perps GOLD-USD	4,347.6	0.0116	get 0.0014% / 1h	12m 18s	$4.3M	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against HTX. 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 HTXbpFee Polymarket PerpsbpOrdersPrice spread, now −0.141%Rate

Funding earned: −$97.02
Price spread: −0.141% → −0.118%: −$2.35
Slippage, 4 orders: −$7.61
Fee HTX: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$126.99
Costs to cover: 0.276%
Break-even: never at this rate

Slippage from HTX: live order book, 2 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 HTX live order book, 2 min ago	0.01 bp	7.7 bp −$8	8.5 bp −$85	12.5 bp −$1,249	doesn't fit
Sell Polymarket Perps live order book, 2 min ago	0.12 bp	4.7 bp −$5	5.0 bp −$50	5.2 bp −$525	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
Gate XAU_USDT	0.0000%	4h	4,350	−0.087%	$264.3M	$415.5M	100x	as long as short
SunX XAU-USDT	0.0000%	4h	4,353.4	−0.009%	$92K	$9.2M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,344.5	−0.214%	$266K	—	250x	as long as short
RISEx XAU/USDC	+0.0010%	1h	4,349	−0.109%	$3.4M	$12.4M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,344.2	−0.220%	$13.5M	$38.4M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.076%	$619	$54	52x	as long as short
Kalshi KXGOLDPERP	+0.0040%	24h	4,348.7	−0.116%	$4.1M	$37.1M	15x	as long as short
StandX XAU-USD	+0.0040%	1h	4,350.6	−0.072%	$3.8M	$4.6M	40x	as long as short
Aster XAUUSD1	+0.0041%	4h	4,348.3	−0.126%	$70.6M	$334.0M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,382.2	+0.653%	—	$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
QFEX GOLD-USD	+0.0046%	1h	4,347.3	−0.148%	$5.7M	$2.0M	20x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0048%	1h	4,345.6	−0.187%	$2.0M	$4.9M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,346	−0.178%	$293.8M	$48.9M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,345.2	−0.197%	$15.1M	$56.8M	25x	as long as short
GRVT XAU_USDT_Perp	+0.0054%	4h	4,352.8	−0.022%	$1.4M	$3.0M	25x	as long as short
Variational Omni XAU	+0.0055%	4h	4,351.4	−0.054%	$48.5M	$27.9M	—	as long as short
Lighter XAU	+0.0056%	1h	4,347.9	−0.135%	$20.6M	$42.6M	25x	as long as short
Lighter RH XAU	+0.0064%	1h	4,350.4	−0.077%	$20.1M	$39.9M	25x	as long as short
MEXC XAU_USDT	+0.0072%	4h	4,348.4	−0.122%	$372.2M	$319.8M	1000x	as long as short
Binance XAUUSDT	+0.0073%	4h	4,348.2	−0.127%	$410.3M	$2.10B	100x	as long as short
Paradex XAU-USD-PERP	+0.0078%	8h	4,349.1	−0.106%	$19K	$5K	5x	as long as short
edgeX XAUUSDC	+0.0079%	4h	4,349.3	−0.102%	$30.3M	$58.6M	50x	as long as short
Hotstuff GOLD-PERP	+0.0088%	1h	4,347.6	−0.141%	$33K	—	25x	as long as short
Aevo XAU-PERP	+0.0096%	1h	4,347.1	−0.153%	$161K	$87	10x	as long as short
Pacifica XAU	+0.0100%	1h	4,346.4	−0.169%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,351.1	−0.062%	$275K	$203K	50x	as long as short
Polymarket Perps GOLD-USDshort	+0.0116%	1h	4,347.6	−0.141%	$4.3M	$1.9M	20x
Phoenix GOLD	+0.0136%	1h	4,350.4	−0.077%	$47K	$77K	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0141%	1h	4,345.8	−0.183%	$254K	$752K	25x	as long as short
Bullet GOLD-USD	+0.0193%	1h	4,348.7	−0.117%	$60K	$83K	10x	as long as short
Phemex XAUUSDT	+0.0201%	4h	4,350.6	−0.072%	$2.2M	$1.1M	100x	as long as short
Bybit XAUUSDT	+0.0201%	4h	4,349.2	−0.105%	$84.4M	$145.3M	150x	as long as short
Bitget XAUUSDT	+0.0214%	4h	4,347.6	−0.141%	$70.2M	$109.5M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0256%	8h	4,349.5	−0.098%	$165.3M	$283.0M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0270%	1h	4,345.3	−0.195%	$593K	$133K	25x	as long as short
BloFin XAU-USDT	+0.0294%	4h	4,350.7	−0.069%	$15.6M	$4.6M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0403% / S −0.0217%	1h	4,348.7	−0.117%	$248K	—	111x	as long as short
HTX XAU-USDTlong	+0.0578%	4h	4,353.8	long leg	$2.9M	$4.2M	75x
Bluefin GOLD-PERP	+0.0596%	1h	4,342.9	−0.250%	$25K	$14K	20x	as long as short