Settings8H · net · $10k
Funding arb · Price arb /

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC+0.0022%/8h= +2.4% APRnext payment +$0.03 per $10,000 · paid last 24h −0.029%
Price spread now: Extended against Polymarket Perps−0.039%7-day average −0.017% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,075as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,072as in the Price arb table
costs, in and out, $10k−$1,06910.693% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.059%−$6 on $10k
Price spread, last 7 days+0.059%+$6 · spread now −0.039%, 7d avg −0.017%
Together, before fees−0.001%+ Points / potential airdropExtended: Active · farm board$0 on $10k · with fees, hour by hour
Funding pays, the price is against you. Extended is 0.022% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread −0.039% now, against its 7-day average of −0.017%). If the spread goes back, that is −$2 on $10k: about 3.3 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.059%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps GOLD-USD4,303.50.0050pay 0.0006% / 1h33m 29s$4.3M$1.8M20x
ShortExtended XAU-USD4,301.80.0072get 0.0009% / 1h33m 29s$13.1M$36.2M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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

Funding earned
$4.62
Price spread: −0.039% → −0.017%
−$2.17
Slippage, 4 orders
−$1,056.34
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$1,066.88
Costs to cover
10.693%
Break-even
1623.5 days
Slippage from Polymarket Perps: live order book, 6 min ago; Extended: live order book, 6 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Polymarket Perps live order book, 6 min ago166.20 bp230.6 bp −$231doesn't fitdoesn't fitdoesn't fit
Sell Extended live order book, 6 min ago0.12 bp3.1 bp −$35.0 bp −$5010.3 bp −$1,032doesn't fit

XAU on 39 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff GOLD-PERP−0.0024%1h4,302.9−0.014%$32K25xas long as short
SunX XAU-USDT0.0000%4h4,311.7+0.191%$92K$6.8M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,303.6+0.001%$278K250xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4+1.090%$619$5452xas long as short
StandX XAU-USD+0.0040%1h4,308.3+0.112%$3.8M$4.5M40xas long as short
Vest GC-PERP+0.0046%1h4,338.3+0.809%$1.0M25xas long as short
QFEX GOLD-USD+0.0046%1h4,305+0.035%$6.6M$3.1M20xas long as short
tradeXYZ xyz:GOLD+0.0050%1h4,303.50.000%$290.9M$54.0M25xas long as short
Polymarket Perps GOLD-USDlong+0.0050%1h4,303.5long leg$4.3M$1.8M20x
Ondo Perps XAU-USD.P+0.0050%1h4,302.5−0.024%$15.0M$55.8M25xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster XAUUSD1+0.0053%4h4,307.7+0.097%$73.4M$271.9M20xas long as short
Coinbase International GOLD-PERP-INTX+0.0056%1h4,305.8+0.053%$2.0M$5.1M25xas long as short
Paradex XAU-USD-PERP+0.0061%8h4,305.1+0.038%$2K$13K5xas long as short
Extended XAU-USDshort+0.0072%1h4,301.8−0.039%$13.1M$36.2M25x
GRVT XAU_USDT_Perp+0.0074%4h4,307.8+0.099%$1.4M$3.0M25xas long as short
Lighter XAU+0.0080%1h4,305.1+0.036%$20.3M$28.9M25xas long as short
Variational Omni XAU+0.0089%4h4,305.9+0.056%$46.6M$29.2Mas long as short
Phoenix GOLD+0.0095%1h4,306.2+0.063%$42K$86K25xas long as short
Pacifica XAU+0.0100%1h4,301.6−0.043%$1.4M$1.2M10xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,305.2+0.039%$275K$218K50xas long as short
Lighter RH XAU+0.0104%1h4,307.8+0.099%$19.8M$39.9M25xas long as short
MEXC XAU_USDT+0.0104%4h4,306.6+0.071%$352.9M$338.1M1000xas long as short
Aevo XAU-PERP+0.0104%1h4,306.4+0.068%$159K$8710xas long as short
Binance XAUUSDT+0.0106%4h4,306.6+0.072%$436.0M$2.23B100xas long as short
edgeX XAUUSDC+0.0109%4h4,305.9+0.055%$30.0M$61.8M50xas long as short
Kalshi KXGOLDPERP+0.0110%24h4,311.3+0.181%$3.7M$46.5M15xas long as short
Bybit XAUUSDT+0.0110%4h4,307.2+0.086%$77.6M$157.7M150xas long as short
RISEx XAU/USDC+0.0126%1h4,305.8+0.053%$4.4M$13.1M25xas long as short
Gate XAU_USDT+0.0150%4h4,308.6+0.117%$296.6M$427.6M100xas long as short
Bitget XAUUSDT+0.0192%4h4,306.6+0.072%$70.5M$125.3M100xas long as short
Bullet GOLD-USD+0.0197%1h4,306.7+0.075%$58K$81K10xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0238%1h4,307.7+0.098%$134K$846K25xas long as short
OKX XAU-USDT-SWAP+0.0250%8h4,307.2+0.086%$171.3M$330.3M100xas long as short
Kraken Futures PF_XAUUSD+0.0328%1h4,305.5+0.046%$573K$138K25xas long as short
BloFin XAU-USDT+0.0369%4h4,307.1+0.084%$16.2M$5.0M100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0467% / S −0.0314%1h4,307.9+0.102%$255K111xas long as short
Phemex XAUUSDT+0.0486%4h4,311.9+0.195%$2.2M$956K100xas long as short
HTX XAU-USDT+0.1145%4h4,316+0.289%$3.2M$6.2M75xas long as short
Bluefin GOLD-PERP+0.4125%1h4,306.6+0.072%$25K$1K20xas long as short