XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0019%/8h= +2.1% APRnext payment +$0.02 per $10,000 · paid last 24h +0.033%

Price spread now: Deribit against Polymarket Perps−0.044%7-day average −0.045% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$200.203% of the position

Long on Polymarket Perps Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.698%+$70 on $10k

Price spread, last 4 days (all we have)+0.029%+$3 · spread now −0.044%, 7d avg −0.045%

Together, before fees+0.728%+$73 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.045%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps GOLD-USD	4,341.2	0.0215	pay 0.0027% / 1h	26m 12s	$4.3M	$1.9M	20x
Short	Deribit GOLD_USDC-PERPETUAL	4,339.3	0.0234	get 0.0029% / 1h	26m 12s	$205K	$826K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.044%Rate

Funding earned: $3.94
Price spread: −0.044% → −0.045%: $0.17
Slippage, 4 orders: −$5.27
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$16.17
Costs to cover: 0.203%
Break-even: 35.8 days

Slippage from Polymarket Perps: live order book, 3 min ago; Deribit: live order book, 28 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	4.1 bp −$4	5.2 bp −$52	5.9 bp −$591	doesn't fit
Sell Deribit live order book, 28 min ago	0.12 bp	8.4 bp −$8	9.1 bp −$91	doesn't fit	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	4,345.4	+0.097%	$92K	$8.6M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,336.9	−0.099%	$271K	—	250x	as long as short
RISEx XAU/USDC	+0.0005%	1h	4,341.2	0.000%	$3.8M	$12.4M	25x	as long as short
Bybit XAUUSDT	+0.0021%	4h	4,341.8	+0.013%	$79.9M	$152.3M	150x	as long as short
Extended XAU-USD	+0.0032%	1h	4,336.9	−0.100%	$13.3M	$37.1M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.212%	$619	$54	52x	as long as short
Bluefin GOLD-PERP	+0.0035%	1h	4,335.5	−0.131%	$25K	$14K	20x	as long as short
StandX XAU-USD	+0.0040%	1h	4,342.3	+0.025%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0042%	1h	4,340.3	−0.021%	$5.5M	$2.1M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,373.7	+0.749%	—	$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
Lighter XAU	+0.0048%	1h	4,340.1	−0.025%	$20.7M	$34.6M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,338.1	−0.071%	$293.5M	$49.3M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,338.4	−0.065%	$15.1M	$56.9M	25x	as long as short
Kalshi KXGOLDPERP	+0.0051%	24h	4,339	−0.051%	$4.2M	$37.4M	15x	as long as short
Paradex XAU-USD-PERP	+0.0054%	8h	4,340.6	−0.014%	$19K	$5K	5x	as long as short
Lighter RH XAU	+0.0056%	1h	4,342.7	+0.035%	$20.2M	$40.0M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0056%	1h	4,339.5	−0.039%	$2.1M	$4.8M	25x	as long as short
Hotstuff GOLD-PERP	+0.0072%	1h	4,337.9	−0.076%	$33K	—	25x	as long as short
Gate XAU_USDT	+0.0080%	4h	4,342.9	+0.039%	$268.9M	$416.7M	100x	as long as short
Aster XAUUSD1	+0.0091%	4h	4,342.9	+0.040%	$71.5M	$332.0M	20x	as long as short
Variational Omni XAU	+0.0100%	4h	4,341.1	−0.001%	$48.3M	$27.6M	—	as long as short
Pacifica XAU	+0.0100%	1h	4,337.8	−0.078%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,337.5	−0.084%	$274K	$203K	50x	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,340.5	−0.016%	$161K	$87	10x	as long as short
MEXC XAU_USDT	+0.0114%	4h	4,341.3	+0.001%	$370.9M	$320.0M	1000x	as long as short
Binance XAUUSDT	+0.0116%	4h	4,341.2	+0.001%	$417.7M	$2.09B	100x	as long as short
edgeX XAUUSDC	+0.0122%	4h	4,337.8	−0.078%	$30.2M	$58.1M	50x	as long as short
Phoenix GOLD	+0.0136%	1h	4,338.4	−0.064%	$47K	$77K	25x	as long as short
GRVT XAU_USDT_Perp	+0.0204%	4h	4,341.8	+0.014%	$1.4M	$2.9M	25x	as long as short
Polymarket Perps GOLD-USDlong	+0.0215%	1h	4,341.2	long leg	$4.3M	$1.9M	20x
Bullet GOLD-USD	+0.0216%	1h	4,341.4	+0.004%	$59K	$82K	10x	as long as short
Deribit GOLD_USDC-PERPETUALshort	+0.0234%	1h	4,339.3	−0.044%	$205K	$826K	25x
Phemex XAUUSDT	+0.0252%	4h	4,344	+0.064%	$2.2M	$967K	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0259%	1h	4,338.3	−0.066%	$592K	$132K	25x	as long as short
Bitget XAUUSDT	+0.0262%	4h	4,341.9	+0.016%	$71.0M	$109.2M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0325%	8h	4,342.6	+0.032%	$167.0M	$281.8M	100x	as long as short
BloFin XAU-USDT	+0.0356%	4h	4,341.7	+0.012%	$15.7M	$4.4M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0427% / S −0.0252%	1h	4,341.3	+0.002%	$250K	—	111x	as long as short
HTX XAU-USDT	+0.0595%	4h	4,345.8	+0.105%	$2.8M	$4.6M	75x	as long as short