Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0111%/8h= +12.1% APRpaid last 24h +0.009%

Price spread now: Polymarket Perps against MEXC−0.034%7-day average −0.078% · you buy dearer than you sell

Net, funding: paid 7d − costs−$17as in the Funding arb table

Net, price: spread back to 7d avg − costs−$9as in the Price arb table

costs, in and out, $10k−$130.134% of the position

Long on MEXC Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.039%−$4 on $10k

Price spread, last 7 days−0.035%−$4 · spread now −0.034%, 7d avg −0.078%

Together, before fees−0.074%−$7 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 0.044% dearer against MEXC than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.078%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC XAU_USDT	4,323	0.0096	pay 0.0048% / 4h	1h 54m	$363.1M	$324.3M	1000x
Short	Polymarket Perps GOLD-USD	4,321.5	0.0207	get 0.0026% / 1h	54m 02s	$4.2M	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against MEXC. 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 MEXCbpFee Polymarket PerpsbpOrdersPrice spread, now −0.034%Rate

Funding earned: $23.25
Price spread: −0.034% → −0.078%: $4.4
Slippage, 4 orders: −$1.4
Fee MEXC: 2 bp × 2 orders: −$4
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: $14.25
Costs to cover: 0.134%
Break-even: 2.7 days

Slippage from MEXC: live order book, 5 min ago; Polymarket Perps: live order book, 5 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 MEXC live order book, 5 min ago	0.04 bp	2.0 bp −$2	2.0 bp −$20	3.9 bp −$385	26.6 bp −$13.3K
Sell Polymarket Perps live order book, 5 min ago	0.12 bp	5.1 bp −$5	5.5 bp −$55	6.4 bp −$637	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	−0.0004%	1h	4,317.2	−0.133%	$25K	$14K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,326.9	+0.091%	$92K	$8.0M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,319.1	−0.090%	$270K	—	250x	as long as short
Bybit XAUUSDT	+0.0010%	4h	4,323.8	+0.019%	$77.8M	$156.9M	150x	as long as short
Extended XAU-USD	+0.0032%	1h	4,318.7	−0.098%	$13.1M	$36.6M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.635%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,327.3	+0.100%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0042%	1h	4,321.8	−0.027%	$5.4M	$2.1M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,354.6	+0.732%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,319.8	−0.073%	$291.4M	$51.6M	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	4,318.2	−0.111%	$15.0M	$56.0M	25x	as long as short
Lighter XAU	+0.0056%	1h	4,322.2	−0.017%	$20.3M	$30.1M	25x	as long as short
Hotstuff GOLD-PERP	+0.0064%	1h	4,321	−0.045%	$32K	—	25x	as long as short
Kalshi KXGOLDPERP	+0.0068%	24h	4,323.9	+0.022%	$3.9M	$42.8M	15x	as long as short
Paradex XAU-USD-PERP	+0.0070%	8h	4,322.7	−0.006%	$19K	$5K	5x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,321.3	−0.038%	$2.1M	$4.9M	25x	as long as short
GRVT XAU_USDT_Perp	+0.0074%	4h	4,326.5	+0.082%	$1.4M	$3.0M	25x	as long as short
Gate XAU_USDT	+0.0076%	4h	4,324.9	+0.046%	$274.9M	$405.5M	100x	as long as short
Aster XAUUSD1	+0.0080%	4h	4,324.6	+0.039%	$72.3M	$317.5M	20x	as long as short
Variational Omni XAU	+0.0089%	4h	4,326.3	+0.077%	$47.1M	$29.2M	—	as long as short
Lighter RH XAU	+0.0096%	1h	4,324.8	+0.043%	$19.8M	$38.3M	25x	as long as short
MEXC XAU_USDTlong	+0.0096%	4h	4,323	long leg	$363.1M	$324.3M	1000x
Binance XAUUSDT	+0.0097%	4h	4,323.1	+0.003%	$413.4M	$2.13B	100x	as long as short
Pacifica XAU	+0.0100%	1h	4,318.9	−0.094%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,322.3	−0.015%	$272K	$208K	50x	as long as short
edgeX XAUUSDC	+0.0102%	4h	4,324.1	+0.027%	$30.1M	$60.3M	50x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,322	−0.023%	$160K	$87	10x	as long as short
Phoenix GOLD	+0.0127%	1h	4,324.8	+0.043%	$47K	$79K	25x	as long as short
Kraken Futures PF_XAUUSD	+0.0154%	1h	4,319.3	−0.084%	$588K	$130K	25x	as long as short
RISEx XAU/USDC	+0.0184%	1h	4,322.8	−0.004%	$3.7M	$12.5M	25x	as long as short
Bullet GOLD-USD	+0.0198%	1h	4,323	+0.001%	$58K	$81K	10x	as long as short
Polymarket Perps GOLD-USDshort	+0.0207%	1h	4,321.5	−0.034%	$4.2M	$1.9M	20x
HTX XAU-USDT	+0.0208%	4h	4,325.3	+0.054%	$2.8M	$4.9M	75x	as long as short
Bitget XAUUSDT	+0.0234%	4h	4,323	+0.002%	$67.9M	$119.2M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0317%	8h	4,323.7	+0.017%	$170.2M	$297.1M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0329%	1h	4,322.7	−0.006%	$193K	$829K	25x	as long as short
BloFin XAU-USDT	+0.0337%	4h	4,325	+0.047%	$16.0M	$4.4M	100x	as long as short
Phemex XAUUSDT	+0.0413%	4h	4,327	+0.094%	$2.2M	$961K	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0463% / S −0.0307%	1h	4,322.9	−0.002%	$252K	—	111x	as long as short