XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0058%/8h= +6.4% APRnext payment +$0.07 per $10,000 · paid last 24h −0.034%

Price spread now: Polymarket Perps against Kraken Futures+0.067%7-day average +0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$280.281% of the position

Long on Kraken Futures Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.218%−$22 on $10k

Price spread, last 4 days (all we have)−0.091%−$9 · spread now +0.067%, 7d avg +0.003%

Together, before fees−0.308%−$31 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Polymarket Perps is 0.064% dearer against Kraken Futures than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.003%. Mind the row above: over the last 7 days funding on this pair cost −0.218%, 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	Kraken Futures PF_XAUUSD	4,320.4	0.0153	pay 0.0019% / 1h	21m 11s	$581K	$143K	25x
Short	Polymarket Perps GOLD-USD	4,323.3	0.0212	get 0.0026% / 1h	21m 11s	$4.3M	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Kraken Futures. 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 Kraken FuturesbpFee Polymarket PerpsbpOrdersPrice spread, now +0.067%Rate

Funding earned: $12.24
Price spread: +0.067% → +0.003%: $6.38
Slippage, 4 orders: −$10.05
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$9.43
Costs to cover: 0.281%
Break-even: 12.4 days

Slippage from Kraken Futures: live order book, 22 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 Kraken Futures live order book, 22 min ago	3.15 bp	8.2 bp −$8	12.1 bp −$121	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 3 min ago	0.12 bp	4.7 bp −$5	5.1 bp −$51	5.8 bp −$579	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	−0.0058%	1h	4,316.6	−0.089%	$25K	$1K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,327.3	+0.160%	$92K	$7.7M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,319.3	−0.025%	$270K	—	250x	as long as short
Bybit XAUUSDT	+0.0017%	4h	4,324.3	+0.089%	$77.4M	$154.6M	150x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.694%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,323.4	+0.069%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0042%	1h	4,322	+0.036%	$5.4M	$2.0M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,355.4	+0.809%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,319.4	−0.024%	$291.5M	$51.3M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,319.3	−0.026%	$15.0M	$55.4M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XAU	+0.0064%	1h	4,322.3	+0.044%	$20.3M	$30.7M	25x	as long as short
Hotstuff GOLD-PERP	+0.0064%	1h	4,318.7	−0.040%	$32K	—	25x	as long as short
Aster XAUUSD1	+0.0067%	4h	4,324.7	+0.099%	$72.5M	$275.6M	20x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,318.4	−0.047%	$2.1M	$4.9M	25x	as long as short
Paradex XAU-USD-PERP	+0.0076%	8h	4,322.6	+0.050%	$2K	$13K	5x	as long as short
Kalshi KXGOLDPERP	+0.0078%	24h	4,324	+0.083%	$3.8M	$43.8M	15x	as long as short
GRVT XAU_USDT_Perp	+0.0086%	4h	4,323.2	+0.065%	$1.4M	$3.0M	25x	as long as short
Variational Omni XAU	+0.0090%	4h	4,322.1	+0.040%	$47.3M	$28.9M	—	as long as short
MEXC XAU_USDT	+0.0096%	4h	4,323.4	+0.069%	$362.1M	$331.1M	1000x	as long as short
Binance XAUUSDT	+0.0099%	4h	4,323.4	+0.069%	$423.2M	$2.13B	100x	as long as short
Phoenix GOLD	+0.0100%	1h	4,319.2	−0.028%	$47K	$79K	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,319.6	−0.019%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,319.1	−0.030%	$272K	$208K	50x	as long as short
Extended XAU-USD	+0.0104%	1h	4,319.3	−0.027%	$12.9M	$37.0M	25x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,322.7	+0.053%	$160K	$87	10x	as long as short
Lighter RH XAU	+0.0112%	1h	4,325	+0.106%	$19.9M	$38.9M	25x	as long as short
Gate XAU_USDT	+0.0112%	4h	4,325.3	+0.112%	$281.1M	$419.7M	100x	as long as short
edgeX XAUUSDC	+0.0116%	4h	4,318.4	−0.048%	$30.0M	$59.7M	50x	as long as short
Kraken Futures PF_XAUUSDlong	+0.0153%	1h	4,320.4	long leg	$581K	$143K	25x
Bullet GOLD-USD	+0.0182%	1h	4,323.6	+0.073%	$59K	$82K	10x	as long as short
RISEx XAU/USDC	+0.0184%	1h	4,325.8	+0.125%	$4.1M	$12.9M	25x	as long as short
Polymarket Perps GOLD-USDshort	+0.0212%	1h	4,323.3	+0.067%	$4.3M	$1.9M	20x
Bitget XAUUSDT	+0.0222%	4h	4,323.4	+0.068%	$67.6M	$118.1M	100x	as long as short
HTX XAU-USDT	+0.0265%	4h	4,326.7	+0.145%	$2.8M	$4.9M	75x	as long as short
OKX XAU-USDT-SWAP	+0.0301%	8h	4,323.8	+0.078%	$171.8M	$298.5M	100x	as long as short
Phemex XAUUSDT	+0.0319%	4h	4,325.6	+0.119%	$2.2M	$967K	100x	as long as short
BloFin XAU-USDT	+0.0339%	4h	4,323.7	+0.075%	$16.2M	$4.6M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0375%	1h	4,322.2	+0.041%	$191K	$837K	25x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0461% / S −0.0307%	1h	4,323.4	+0.069%	$252K	—	111x	as long as short