Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0117%/8h= −12.8% APRpaid last 24h −0.011%

Price spread now: Binance against Polymarket Perps−0.018%7-day average +0.083% · you buy dearer than you sell

Net, funding: paid 7d − costs−$15as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$190.190% of the position

Long on Polymarket Perps Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.037%+$4 on $10k

Price spread, last 7 days+0.101%+$10 · spread now −0.018%, 7d avg +0.083%

Together, before fees+0.139%+$14 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Binance is 0.102% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.083%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps GOLD-USD	4,323.7	0.0216	pay 0.0027% / 1h	6m 10s	$4.3M	$2.0M	20x
Short	Binance XAUUSDT	4,322.9	0.0099	get 0.0050% / 4h	1h 06m	$423.8M	$2.14B	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Polymarket Perps. 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 Polymarket PerpsbpFee BinancebpOrdersPrice spread, now −0.018%Rate

Funding earned: −$24.56
Price spread: −0.018% → +0.083%: −$10.17
Slippage, 4 orders: −$1.04
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$53.77
Costs to cover: 0.190%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 3 min ago; Binance: live order book, 8 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 Polymarket Perps live order book, 3 min ago	0.12 bp	4.9 bp −$5	5.3 bp −$53	5.9 bp −$592	doesn't fit
Sell Binance live order book, 8 min ago	0.01 bp	5.0 bp −$5	5.0 bp −$50	5.8 bp −$581	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	−0.0055%	1h	4,317.9	−0.135%	$25K	$1K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,327.8	+0.094%	$92K	$7.6M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,319.4	−0.099%	$270K	—	250x	as long as short
Bybit XAUUSDT	+0.0023%	4h	4,323.7	0.000%	$77.0M	$154.4M	150x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.618%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,326	+0.053%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0042%	1h	4,323.2	−0.012%	$5.4M	$2.0M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,356.2	+0.752%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,319.5	−0.097%	$291.5M	$51.3M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,319.6	−0.095%	$15.0M	$55.7M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster XAUUSD1	+0.0059%	4h	4,324.6	+0.020%	$72.6M	$273.5M	20x	as long as short
Lighter XAU	+0.0064%	1h	4,321.9	−0.041%	$20.3M	$30.8M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,320.2	−0.081%	$2.1M	$4.9M	25x	as long as short
Paradex XAU-USD-PERP	+0.0077%	8h	4,323.2	−0.012%	$2K	$14K	5x	as long as short
Kalshi KXGOLDPERP	+0.0083%	24h	4,324.3	+0.014%	$3.8M	$44.1M	15x	as long as short
GRVT XAU_USDT_Perp	+0.0094%	4h	4,324.3	+0.015%	$1.4M	$3.0M	25x	as long as short
Variational Omni XAU	+0.0095%	4h	4,323.9	+0.005%	$47.2M	$28.9M	—	as long as short
MEXC XAU_USDT	+0.0098%	4h	4,323	−0.017%	$371.8M	$335.1M	1000x	as long as short
Binance XAUUSDTshort	+0.0099%	4h	4,322.9	−0.018%	$423.8M	$2.14B	100x
Phoenix GOLD	+0.0100%	1h	4,321.2	−0.058%	$47K	$79K	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,320	−0.086%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,321.5	−0.052%	$272K	$208K	50x	as long as short
Hotstuff GOLD-PERP	+0.0104%	1h	4,320	−0.086%	$32K	—	25x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,323	−0.017%	$160K	$87	10x	as long as short
Gate XAU_USDT	+0.0108%	4h	4,324.4	+0.017%	$278.7M	$425.3M	100x	as long as short
Lighter RH XAU	+0.0112%	1h	4,324.5	+0.019%	$20.0M	$39.5M	25x	as long as short
edgeX XAUUSDC	+0.0114%	4h	4,321.1	−0.061%	$30.1M	$59.8M	50x	as long as short
Extended XAU-USD	+0.0120%	1h	4,319.5	−0.096%	$12.9M	$36.8M	25x	as long as short
Kraken Futures PF_XAUUSD	+0.0153%	1h	4,320.6	−0.071%	$577K	$135K	25x	as long as short
RISEx XAU/USDC	+0.0184%	1h	4,325.9	+0.051%	$4.0M	$12.8M	25x	as long as short
Bullet GOLD-USD	+0.0186%	1h	4,322.9	−0.019%	$59K	$82K	10x	as long as short
Bitget XAUUSDT	+0.0210%	4h	4,322.9	−0.020%	$67.6M	$118.6M	100x	as long as short
Polymarket Perps GOLD-USDlong	+0.0216%	1h	4,323.7	long leg	$4.3M	$2.0M	20x
OKX XAU-USDT-SWAP	+0.0296%	8h	4,324.3	+0.014%	$173.2M	$300.8M	100x	as long as short
HTX XAU-USDT	+0.0298%	4h	4,329.1	+0.126%	$3.2M	$5.8M	75x	as long as short
Phemex XAUUSDT	+0.0322%	4h	4,326.1	+0.054%	$2.2M	$976K	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0329%	1h	4,322.5	−0.028%	$190K	$840K	25x	as long as short
BloFin XAU-USDT	+0.0340%	4h	4,324.5	+0.018%	$16.2M	$4.6M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0462% / S −0.0307%	1h	4,324.2	+0.011%	$253K	—	111x	as long as short