Funding you earn now, next payment 03:00 UTC−0.0144%/8h= −15.8% APRpaid last 24h −0.022%
Price spread now: Polymarket Perps against OKX−0.016%47s7-day average −0.088% · you buy dearer than you sell
Net, funding: paid 7d − costs−$22as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$200.200% of the position
Funding, last 7 days−0.023%−$2 on $10k
+Price spread, last 7 days−0.049%−$5 · spread now −0.016%, 7d avg −0.088%
=The price spread pays, funding is against you. Polymarket Perps is 0.071% dearer against OKX than usual: you sell high and buy low (spread −0.016% now, against its 7-day average of −0.088%): +$7 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 40 hours. At the pace of the last 7 days (−0.023% in total) that is about 22 days. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX XAU-USDT-SWAP | 4,347.5 | 0.0260 | pay 0.0260% / 8h | 5h 04m | $165.3M | $283.1M | 100x |
| Short | Polymarket Perps GOLD-USD | 4,346.8 | 0.0116 | get 0.0015% / 1h | 4m 43s | $4.3M | $1.9M | 20x |
OKX XAU-USDT-SWAP
Polymarket Perps GOLD-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps against OKX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$30.21
- Price spread: −0.016% → −0.088%
- $7.15
- Slippage, 4 orders
- −$2
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$43.07
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage from OKX: live order book, 4 min ago; Polymarket Perps: live order book, 4 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 OKX live order book, 4 min ago | 0.12 bp | 5.1 bp −$5 | 5.4 bp −$54 | 7.1 bp −$713 | 16.2 bp −$8,092 |
| Sell Polymarket Perps live order book, 4 min ago | 0.12 bp | 4.6 bp −$5 | 4.9 bp −$49 | 5.7 bp −$573 | 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 | |
|---|---|---|---|---|---|---|---|---|
| SunX XAU-USDT | 0.0000% | 4h | 4,352 | +0.103% | $92K | $9.1M | 20x | as long as short |
| Gate XAU_USDT | +0.0002% | 4h | 4,348.1 | +0.013% | $265.4M | $417.6M | 100x | as long as short |
| gTrade (Gains Network) XAU/USD | L +0.0002% / S −0.0003% | 1h | 4,343.5 | −0.092% | $266K | — | 250x | as long as short |
| RISEx XAU/USDC | +0.0010% | 1h | 4,345.8 | −0.039% | $3.4M | $12.3M | 25x | as long as short |
| Extended XAU-USD | +0.0032% | 1h | 4,341.9 | −0.128% | $13.4M | $38.7M | 25x | as long as short |
| Injective XAU/USDC PERP | +0.0033% | 1h | 4,350.4 | +0.067% | $619 | $54 | 52x | as long as short |
| Aster XAUUSD1 | +0.0040% | 4h | 4,346.6 | −0.021% | $70.8M | $334.0M | 20x | as long as short |
| StandX XAU-USD | +0.0040% | 1h | 4,348.4 | +0.021% | $3.8M | $4.6M | 40x | as long as short |
| Kalshi KXGOLDPERP | +0.0041% | 24h | 4,344.4 | −0.071% | $4.1M | $37.1M | 15x | as long as short |
| Vest GC-PERP | +0.0046% | 1h | 4,380.3 | +0.754% | — | $1.0M | 25x | as long as short |
SunX XAU-USDT
Gate XAU_USDT
gTrade (Gains Network) XAU/USD
RISEx XAU/USDC
Extended XAU-USD
Injective XAU/USDC PERP
Aster XAUUSD1
StandX XAU-USD
Kalshi KXGOLDPERP
Vest GC-PERPShow 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 | −0.005% | $5.7M | $2.0M | 20x | as long as short |
| Lighter XAU | +0.0048% | 1h | 4,344.9 | −0.061% | $20.6M | $42.6M | 25x | as long as short |
| Coinbase International GOLD-PERP-INTX | +0.0048% | 1h | 4,343 | −0.104% | $2.0M | $4.9M | 25x | as long as short |
| tradeXYZ xyz:GOLD | +0.0050% | 1h | 4,343.7 | −0.087% | $293.7M | $48.9M | 25x | as long as short |
| Ondo Perps XAU-USD.P | +0.0050% | 1h | 4,342.4 | −0.117% | $15.1M | $56.7M | 25x | as long as short |
| GRVT XAU_USDT_Perp | +0.0054% | 4h | 4,350.1 | +0.060% | $1.4M | $2.9M | 25x | as long as short |
| Lighter RH XAU | +0.0056% | 1h | 4,347.2 | −0.008% | $20.1M | $39.9M | 25x | as long as short |
| Variational Omni XAU | +0.0057% | 4h | 4,346 | −0.034% | $48.5M | $27.7M | — | as long as short |
| Hotstuff GOLD-PERP | +0.0064% | 1h | 4,344 | −0.081% | $33K | — | 25x | as long as short |
| MEXC XAU_USDT | +0.0074% | 4h | 4,346.2 | −0.029% | $370.8M | $320.6M | 1000x | as long as short |
| Binance XAUUSDT | +0.0075% | 4h | 4,346.2 | −0.031% | $410.3M | $2.10B | 100x | as long as short |
| Paradex XAU-USD-PERP | +0.0078% | 8h | 4,345.9 | −0.037% | $19K | $5K | 5x | as long as short |
| edgeX XAUUSDC | +0.0085% | 4h | 4,343.7 | −0.088% | $30.2M | $58.5M | 50x | as long as short |
| Aevo XAU-PERP | +0.0096% | 1h | 4,346.8 | −0.017% | $161K | $87 | 10x | as long as short |
| Pacifica XAU | +0.0100% | 1h | 4,342.5 | −0.115% | $1.4M | $1.1M | 10x | as long as short |
| ApeX Omni XAUUSDT | +0.0100% | 1h | 4,347 | −0.012% | $275K | $203K | 50x | as long as short |
| Polymarket Perps GOLD-USDshort | +0.0116% | 1h | 4,346.8 | −0.016% | $4.3M | $1.9M | 20x | |
| Phoenix GOLD | +0.0136% | 1h | 4,346 | −0.035% | $47K | $77K | 25x | as long as short |
| Deribit GOLD_USDC-PERPETUAL | +0.0187% | 1h | 4,345.3 | −0.051% | $254K | $752K | 25x | as long as short |
| Bullet GOLD-USD | +0.0192% | 1h | 4,347.4 | −0.002% | $60K | $83K | 10x | as long as short |
| Phemex XAUUSDT | +0.0201% | 4h | 4,349.9 | +0.055% | $2.2M | $1.1M | 100x | as long as short |
| Bybit XAUUSDT | +0.0208% | 4h | 4,347.5 | 0.000% | $84.4M | $145.4M | 150x | as long as short |
| Bitget XAUUSDT | +0.0216% | 4h | 4,346.5 | −0.023% | $70.2M | $109.4M | 100x | as long as short |
| OKX XAU-USDT-SWAPlong | +0.0260% | 8h | 4,347.5 | long leg | $165.3M | $283.1M | 100x | |
| Kraken Futures PF_XAUUSD | +0.0270% | 1h | 4,344.7 | −0.064% | $593K | $133K | 25x | as long as short |
| BloFin XAU-USDT | +0.0297% | 4h | 4,347.2 | −0.007% | $15.7M | $4.6M | 100x | as long as short |
| Bluefin GOLD-PERP | +0.0403% | 1h | 4,342.3 | −0.120% | $25K | $14K | 20x | as long as short |
| GMX GOLD/USD [ETH-USDC] | L +0.0405% / S −0.0220% | 1h | 4,347.4 | −0.002% | $248K | — | 111x | as long as short |
| HTX XAU-USDT | +0.0590% | 4h | 4,352.4 | +0.114% | $2.9M | $4.2M | 75x | as long as short |
QFEX GOLD-USD
Lighter XAU
Coinbase International GOLD-PERP-INTX
tradeXYZ xyz:GOLD
Ondo Perps XAU-USD.P
GRVT XAU_USDT_Perp
Lighter RH XAU
Variational Omni XAU
Hotstuff GOLD-PERP
MEXC XAU_USDT
Binance XAUUSDT
Paradex XAU-USD-PERP
edgeX XAUUSDC
Aevo XAU-PERP
Pacifica XAU
ApeX Omni XAUUSDT
Phoenix GOLD
Deribit GOLD_USDC-PERPETUAL
Bullet GOLD-USD
Phemex XAUUSDT
Bybit XAUUSDT
Bitget XAUUSDT
Kraken Futures PF_XAUUSD
BloFin XAU-USDT
Bluefin GOLD-PERP
GMX GOLD/USD [ETH-USDC]
HTX XAU-USDT