XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0151%/8h= +16.5% APRnext payment +$0.19 per $10,000 · paid last 24h +0.021%

Price spread now: GMX against Polymarket Perps+0.006%174s7-day average +0.066% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Polymarket Perps Short on GMX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.086%+$9 on $10k

Price spread, last 4 days (all we have)+0.093%+$9 · spread now +0.006%, 7d avg +0.066%

Together, before fees+0.179%+$18 on $10k · with fees, hour by hour

Funding pays, the price is against you. GMX is 0.061% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread +0.006% now, against its 7-day average of +0.066%). If the spread goes back, that is −$6 on $10k: about 32 hours of funding at the current rate (+$5 a day). The two prices were read 174 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	4,331.8	0.0157	pay 0.0020% / 1h	7m 59s	$4.3M	$1.7M	20x
Short	GMX GOLD/USD [ETH-USDC]	4,332.1	L +0.0461% / S −0.0308%	get 0.0038% / 1h	7m 59s	$253K	—	111x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now +0.006%Rate

Funding earned: $31.67
Price spread: +0.006% → +0.066%: −$6.06
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: $5.61
Costs to cover: 0.200%
Break-even: 5.8 days

Slippage unknown: Polymarket Perps: live order book, 4 min ago; GMX: no order-book sample. Net counts fees only.

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, 4 min ago	0.81 bp	4.8 bp −$5	5.5 bp −$55	6.4 bp −$640	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

XAU on 39 exchanges

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
Hotstuff GOLD-PERP	−3.2000%	1h	4,329.2	−0.060%	$35K	$3K	25x	as long as short
SunX XAU-USDT	0.0000%	4h	4,335.5	+0.086%	$92K	$5.7M	20x	as long as short
Coinbase International GOLD-PERP-INTX	0.0000%	1h	4,327.9	−0.090%	$2.1M	$5.0M	25x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,328	−0.089%	$304K	—	250x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.430%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,333.9	+0.048%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0041%	1h	4,330.7	−0.025%	$6.7M	$3.2M	20x	as long as short
Aster XAUUSD1	+0.0043%	4h	4,334	+0.050%	$71.8M	$276.5M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,365.1	+0.769%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,329.6	−0.051%	$292.7M	$51.6M	25x	as long as short

Show all 39 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps XAU-USD.P	+0.0050%	1h	4,327	−0.111%	$15.2M	$59.7M	25x	as long as short
Paradex XAU-USD-PERP	+0.0056%	8h	4,331.5	−0.008%	$2K	$13K	5x	as long as short
Bluefin GOLD-PERP	+0.0057%	1h	4,325.8	−0.138%	$25K	$1K	20x	as long as short
Variational Omni XAU	+0.0069%	4h	4,329.8	−0.047%	$47.2M	$28.4M	—	as long as short
Gate XAU_USDT	+0.0078%	4h	4,334	+0.051%	$299.9M	$451.5M	100x	as long as short
Lighter XAU	+0.0080%	1h	4,331.4	−0.009%	$20.1M	$30.6M	25x	as long as short
MEXC XAU_USDT	+0.0084%	4h	4,332.1	+0.006%	$368.1M	$357.9M	1000x	as long as short
Binance XAUUSDT	+0.0085%	4h	4,332.6	+0.019%	$442.1M	$2.43B	100x	as long as short
edgeX XAUUSDC	+0.0085%	4h	4,330.4	−0.033%	$30.3M	$66.4M	50x	as long as short
GRVT XAU_USDT_Perp	+0.0092%	4h	4,331.1	−0.016%	$1.4M	$3.1M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,328.9	−0.068%	$1.4M	$1.3M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,329.3	−0.058%	$287K	$227K	50x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,330.5	−0.029%	$160K	$87	10x	as long as short
Lighter RH XAU	+0.0120%	1h	4,334.2	+0.056%	$19.6M	$40.4M	25x	as long as short
Phoenix GOLD	+0.0127%	1h	4,331.5	−0.007%	$43K	$71K	25x	as long as short
Kalshi KXGOLDPERP	+0.0144%	24h	4,332.8	+0.023%	$3.5M	$51.5M	15x	as long as short
Bybit XAUUSDT	+0.0154%	4h	4,334	+0.050%	$83.0M	$167.3M	150x	as long as short
Polymarket Perps GOLD-USDlong	+0.0157%	1h	4,331.8	long leg	$4.3M	$1.7M	20x
Deribit GOLD_USDC-PERPETUAL	+0.0166%	1h	4,329.8	−0.046%	$135K	$662K	25x	as long as short
Phemex XAUUSDT	+0.0178%	4h	4,334.8	+0.068%	$2.3M	$777K	100x	as long as short
Bullet GOLD-USD	+0.0178%	1h	4,332	+0.006%	$59K	$77K	10x	as long as short
Extended XAU-USD	+0.0192%	1h	4,328.5	−0.077%	$12.5M	$34.3M	25x	as long as short
Bitget XAUUSDT	+0.0200%	4h	4,332.3	+0.011%	$72.6M	$139.8M	100x	as long as short
RISEx XAU/USDC	+0.0205%	1h	4,332.2	+0.009%	$4.7M	$13.3M	25x	as long as short
OKX XAU-USDT-SWAP	+0.0231%	8h	4,333.3	+0.035%	$171.1M	$362.1M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0253%	1h	4,329.1	−0.062%	$583K	$166K	25x	as long as short
BloFin XAU-USDT	+0.0325%	4h	4,332.8	+0.024%	$16.4M	$5.3M	100x	as long as short
GMX GOLD/USD [ETH-USDC]short	L +0.0461% / S −0.0308%	1h	4,332.1	+0.006%	$253K	—	111x
HTX XAU-USDT	+0.1038%	4h	4,338.9	+0.164%	$3.2M	$7.1M	75x	as long as short