XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0213%/8h= −23.4% APRnext payment −$0.27 per $10,000 · paid last 24h −0.046%

Price spread now: gTrade (Gains Network) against Polymarket Perps−0.113%55s7-day average −0.071% · 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—prices read too far apart to compare

costs, in and out, $10k−$2752.753% of the position

Long on Polymarket Perps Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.082%−$8 on $10k

Price spread, last 4 days (all we have)+0.151%+$15 · spread now −0.113%, 7d avg −0.071%

Together, before fees+0.070%+$7 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and gTrade (Gains Network) is 0.041% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.071%). Swap the legs. The two prices were read 55 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	Polymarket Perps GOLD-USD	4,325.3	0.0216	pay 0.0027% / 1h	13m 30s	$4.3M	$1.9M	20x
Short	gTrade (Gains Network) XAU/USD	4,320.4	L +0.0002% / S −0.0003%	get 0.0000% / 1h	13m 30s	$270K	—	250x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.113%Rate

Funding earned: −$44.79
Price spread: −0.113% → −0.071%: −$4.13
Slippage, 4 orders: −$260.29
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee gTrade (Gains Network): 3.5 bp × 2 orders: −$7
Net: −$324.21
Costs to cover: 2.753%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 6 min ago; gTrade (Gains Network): virtual book (oracle venue), 61 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, 6 min ago	0.12 bp	4.1 bp −$4	4.9 bp −$49	5.8 bp −$577	doesn't fit
Sell gTrade (Gains Network) virtual book (oracle venue), 61 min ago	130.01 bp	133.5 bp −$134	243.0 bp −$2,430	1975.4 bp −$197.5K	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	−0.0069%	1h	4,317	−0.191%	$25K	$1K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,329	+0.086%	$92K	$7.6M	20x	as long as short
gTrade (Gains Network) XAU/USDshort	L +0.0002% / S −0.0003%	1h	4,320.4	−0.113%	$270K	—	250x
Bybit XAUUSDT	+0.0024%	4h	4,326.3	+0.023%	$77.1M	$154.6M	150x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.581%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,323.4	−0.044%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0042%	1h	4,323.3	−0.046%	$5.4M	$2.0M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,357.3	+0.740%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,321.2	−0.095%	$291.6M	$51.3M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,320.7	−0.107%	$15.0M	$55.6M	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	+0.0062%	4h	4,326.8	+0.034%	$72.6M	$273.7M	20x	as long as short
Lighter XAU	+0.0064%	1h	4,323.4	−0.045%	$20.3M	$30.7M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,321.1	−0.097%	$2.1M	$4.9M	25x	as long as short
Paradex XAU-USD-PERP	+0.0078%	8h	4,323.7	−0.037%	$2K	$14K	5x	as long as short
Kalshi KXGOLDPERP	+0.0080%	24h	4,325.7	+0.009%	$3.8M	$44.0M	15x	as long as short
GRVT XAU_USDT_Perp	+0.0094%	4h	4,324.5	−0.019%	$1.4M	$3.0M	25x	as long as short
Variational Omni XAU	+0.0094%	4h	4,322.5	−0.065%	$47.3M	$28.7M	—	as long as short
Phoenix GOLD	+0.0100%	1h	4,321.6	−0.086%	$47K	$79K	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,320.5	−0.112%	$1.4M	$1.2M	10x	as long as short
MEXC XAU_USDT	+0.0100%	4h	4,325.4	+0.001%	$373.7M	$333.4M	1000x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,320.8	−0.104%	$272K	$209K	50x	as long as short
Binance XAUUSDT	+0.0101%	4h	4,325.4	+0.002%	$423.2M	$2.14B	100x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,323.4	−0.043%	$160K	$87	10x	as long as short
edgeX XAUUSDC	+0.0110%	4h	4,319.3	−0.139%	$30.1M	$60.1M	50x	as long as short
Lighter RH XAU	+0.0112%	1h	4,325.7	+0.008%	$20.0M	$39.4M	25x	as long as short
Gate XAU_USDT	+0.0116%	4h	4,326.8	+0.034%	$279.7M	$423.2M	100x	as long as short
Extended XAU-USD	+0.0128%	1h	4,320.5	−0.112%	$12.9M	$36.8M	25x	as long as short
Hotstuff GOLD-PERP	+0.0136%	1h	4,320.5	−0.111%	$32K	—	25x	as long as short
Kraken Futures PF_XAUUSD	+0.0153%	1h	4,321.4	−0.090%	$578K	$146K	25x	as long as short
RISEx XAU/USDC	+0.0184%	1h	4,327.1	+0.042%	$4.1M	$12.8M	25x	as long as short
Bullet GOLD-USD	+0.0187%	1h	4,325.5	+0.005%	$59K	$82K	10x	as long as short
Polymarket Perps GOLD-USDlong	+0.0216%	1h	4,325.3	long leg	$4.3M	$1.9M	20x
Bitget XAUUSDT	+0.0218%	4h	4,325.1	−0.006%	$67.5M	$118.4M	100x	as long as short
HTX XAU-USDT	+0.0274%	4h	4,328.6	+0.076%	$3.0M	$5.4M	75x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0282%	1h	4,322.7	−0.060%	$191K	$838K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0300%	8h	4,326.4	+0.025%	$172.6M	$300.2M	100x	as long as short
Phemex XAUUSDT	+0.0323%	4h	4,326.5	+0.027%	$2.2M	$967K	100x	as long as short
BloFin XAU-USDT	+0.0341%	4h	4,324.6	−0.017%	$16.2M	$4.6M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0462% / S −0.0307%	1h	4,325.6	+0.008%	$253K	—	111x	as long as short