Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0035%/8h= +3.8% APRpaid last 24h −0.033%

Price spread now: GRVT against Polymarket Perps−0.002%7-day average +0.095% · you buy dearer than you sell

Net, funding: paid 7d − costs−$16as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$180.185% of the position

Long on Polymarket Perps Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.023%+$2 on $10k

Price spread, last 7 days+0.110%+$11 · spread now −0.002%, 7d avg +0.095%

Together, before fees+0.132%+ Points / potential airdropGRVT: Active · farm board+$13 on $10k · with fees, hour by hour

Funding pays, the price is against you. GRVT is 0.096% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread −0.002% now, against its 7-day average of +0.095%). If the spread goes back, that is −$10 on $10k: about 9.3 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.023% in total) that is about 30 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps GOLD-USD	4,353.4	0.0101	pay 0.0013% / 1h	57m 21s	$4.3M	$1.9M	20x
Short	GRVT XAU_USDT_Perp	4,353.3	0.0136	get 0.0068% / 4h	1h 57m	$1.4M	$3.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.002%Rate

Funding earned: $7.26
Price spread: −0.002% → +0.095%: −$9.63
Slippage, 4 orders: −$1.48
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$20.86
Costs to cover: 0.185%
Break-even: 27.1 days

Slippage from Polymarket Perps: live order book, 2 min ago; GRVT: live order book, 1 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, 2 min ago	0.12 bp	4.1 bp −$4	4.4 bp −$44	5.3 bp −$529	doesn't fit
Sell GRVT live order book, 1 min ago	0.01 bp	4.5 bp −$5	4.5 bp −$45	doesn't fit	doesn't fit

XAU on 38 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	−0.0244%	1h	4,347.2	−0.143%	$25K	$14K	20x	as long as short
Gate XAU_USDT	0.0000%	4h	4,355.4	+0.046%	$262.0M	$404.2M	100x	as long as short
SunX XAU-USDT	0.0000%	4h	4,358.6	+0.119%	$93K	$9.4M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,350.5	−0.066%	$269K	—	250x	as long as short
RISEx XAU/USDC	+0.0010%	1h	4,354.5	+0.026%	$3.4M	$12.4M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,350.7	−0.061%	$13.5M	$41.3M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.068%	$619	$54	52x	as long as short
Kalshi KXGOLDPERP	+0.0036%	24h	4,352.3	−0.025%	$4.1M	$36.1M	15x	as long as short
Lighter XAU	+0.0040%	1h	4,353.7	+0.007%	$20.6M	$41.7M	25x	as long as short
StandX XAU-USD	+0.0040%	1h	4,355.6	+0.051%	$3.8M	$4.6M	40x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest GC-PERP	+0.0046%	1h	4,387.8	+0.790%	—	$1.0M	25x	as long as short
QFEX GOLD-USD	+0.0046%	1h	4,354.1	+0.016%	$5.6M	$1.9M	20x	as long as short
Hotstuff GOLD-PERP	+0.0048%	1h	4,349.8	−0.083%	$33K	—	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0048%	1h	4,352.3	−0.025%	$2.0M	$4.9M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,350.8	−0.060%	$293.6M	$49.0M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,351.1	−0.053%	$15.1M	$58.0M	25x	as long as short
Lighter RH XAU	+0.0056%	1h	4,355.9	+0.057%	$20.1M	$39.3M	25x	as long as short
Aster XAUUSD1	+0.0058%	4h	4,355.1	+0.039%	$70.1M	$325.6M	20x	as long as short
Paradex XAU-USD-PERP	+0.0086%	8h	4,354.5	+0.025%	$19K	$5K	5x	as long as short
Pacifica XAU	+0.0100%	1h	4,350.9	−0.057%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,349.6	−0.087%	$275K	$204K	50x	as long as short
Polymarket Perps GOLD-USDlong	+0.0101%	1h	4,353.4	long leg	$4.3M	$1.9M	20x
Variational Omni XAU	+0.0105%	4h	4,351.6	−0.041%	$48.2M	$28.0M	—	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,353.6	+0.005%	$161K	$87	10x	as long as short
MEXC XAU_USDT	+0.0118%	4h	4,354	+0.014%	$372.8M	$315.1M	1000x	as long as short
edgeX XAUUSDC	+0.0118%	4h	4,346.1	−0.168%	$30.2M	$59.3M	50x	as long as short
Binance XAUUSDT	+0.0119%	4h	4,354.2	+0.019%	$411.0M	$2.09B	100x	as long as short
Phoenix GOLD	+0.0121%	1h	4,351	−0.055%	$47K	$77K	25x	as long as short
GRVT XAU_USDT_Perpshort	+0.0136%	4h	4,353.3	−0.002%	$1.4M	$3.0M	25x
Deribit GOLD_USDC-PERPETUAL	+0.0187%	1h	4,352.8	−0.014%	$260K	$700K	25x	as long as short
Bullet GOLD-USD	+0.0190%	1h	4,354.6	+0.027%	$59K	$83K	10x	as long as short
Bybit XAUUSDT	+0.0202%	4h	4,355.3	+0.043%	$84.0M	$144.8M	150x	as long as short
Bitget XAUUSDT	+0.0208%	4h	4,354.6	+0.027%	$69.7M	$109.0M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0248%	8h	4,355.3	+0.044%	$164.6M	$281.7M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0269%	1h	4,351.9	−0.034%	$593K	$133K	25x	as long as short
Phemex XAUUSDT	+0.0321%	4h	4,355.7	+0.052%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0397% / S −0.0205%	1h	4,354.4	+0.024%	$251K	—	111x	as long as short
HTX XAU-USDT	+0.0610%	4h	4,359.2	+0.133%	$2.9M	$4.2M	75x	as long as short