Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0056%/8h= +6.1% APRpaid last 24h +0.043%

Price spread now: HTX against Polymarket Perps+0.099%7-day average +0.117% · you sell dearer than you buy

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$260.256% of the position

Long on Polymarket Perps Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.019%+$2 on $10k

Price spread, last 4 days (all we have)+0.019%+$2 · spread now +0.099%, 7d avg +0.117%

Together, before fees+0.038%+$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.117%, so right now this pair is about funding alone: +$2 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	4,323.4	0.0215	pay 0.0027% / 1h	15m 37s	$4.3M	$1.9M	20x
Short	HTX XAU-USDT	4,327.7	0.0270	get 0.0135% / 4h	1h 15m	$3.0M	$5.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.099%Rate

Funding earned: $11.66
Price spread: +0.099% → +0.117%: −$1.84
Slippage, 4 orders: −$5.61
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$15.79
Costs to cover: 0.256%
Break-even: 16.5 days

Slippage from Polymarket Perps: live order book, 3 min ago; HTX: live order book, 3 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	4.9 bp −$49	5.8 bp −$577	doesn't fit
Sell HTX live order book, 3 min ago	0.01 bp	9.4 bp −$9	11.5 bp −$115	16.2 bp −$1,622	25.0 bp −$12.5K

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	−0.0066%	1h	4,317	−0.148%	$25K	$1K	20x	as long as short
Hotstuff GOLD-PERP	−0.0024%	1h	4,319.6	−0.088%	$32K	—	25x	as long as short
SunX XAU-USDT	0.0000%	4h	4,327.4	+0.092%	$92K	$7.6M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,319.9	−0.082%	$270K	—	250x	as long as short
Bybit XAUUSDT	+0.0023%	4h	4,324.5	+0.025%	$77.3M	$154.4M	150x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.625%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,323.4	0.000%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0042%	1h	4,322	−0.032%	$5.4M	$2.0M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,355.5	+0.742%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,319.8	−0.083%	$291.5M	$51.3M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps XAU-USD.P	+0.0050%	1h	4,319.5	−0.091%	$15.0M	$55.5M	25x	as long as short
Aster XAUUSD1	+0.0063%	4h	4,325.3	+0.043%	$72.5M	$274.4M	20x	as long as short
Lighter XAU	+0.0072%	1h	4,322.4	−0.023%	$20.3M	$30.7M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,319.1	−0.099%	$2.1M	$4.9M	25x	as long as short
Paradex XAU-USD-PERP	+0.0078%	8h	4,322.6	−0.019%	$2K	$14K	5x	as long as short
Kalshi KXGOLDPERP	+0.0080%	24h	4,324.7	+0.030%	$3.8M	$43.9M	15x	as long as short
GRVT XAU_USDT_Perp	+0.0090%	4h	4,323.2	−0.004%	$1.4M	$3.0M	25x	as long as short
Variational Omni XAU	+0.0094%	4h	4,322.5	−0.021%	$47.3M	$28.7M	—	as long as short
Phoenix GOLD	+0.0100%	1h	4,321.6	−0.042%	$47K	$79K	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,319.6	−0.088%	$1.4M	$1.2M	10x	as long as short
MEXC XAU_USDT	+0.0100%	4h	4,323	−0.009%	$373.2M	$333.1M	1000x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,319.6	−0.088%	$272K	$208K	50x	as long as short
Binance XAUUSDT	+0.0101%	4h	4,323.6	+0.004%	$423.1M	$2.14B	100x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,322.7	−0.017%	$160K	$87	10x	as long as short
edgeX XAUUSDC	+0.0109%	4h	4,319.6	−0.088%	$30.1M	$60.1M	50x	as long as short
Lighter RH XAU	+0.0112%	1h	4,324.2	+0.017%	$19.9M	$39.3M	25x	as long as short
Gate XAU_USDT	+0.0118%	4h	4,325.3	+0.043%	$281.7M	$422.2M	100x	as long as short
Extended XAU-USD	+0.0128%	1h	4,319.1	−0.100%	$12.9M	$37.1M	25x	as long as short
Kraken Futures PF_XAUUSD	+0.0153%	1h	4,320.6	−0.065%	$577K	$146K	25x	as long as short
RISEx XAU/USDC	+0.0184%	1h	4,325.9	+0.058%	$4.1M	$12.8M	25x	as long as short
Bullet GOLD-USD	+0.0186%	1h	4,323.4	0.000%	$59K	$82K	10x	as long as short
Polymarket Perps GOLD-USDlong	+0.0215%	1h	4,323.4	long leg	$4.3M	$1.9M	20x
Bitget XAUUSDT	+0.0220%	4h	4,322.7	−0.017%	$67.5M	$118.3M	100x	as long as short
HTX XAU-USDTshort	+0.0270%	4h	4,327.7	+0.099%	$3.0M	$5.4M	75x
OKX XAU-USDT-SWAP	+0.0301%	8h	4,324.2	+0.019%	$172.7M	$299.8M	100x	as long as short
Phemex XAUUSDT	+0.0327%	4h	4,325.6	+0.050%	$2.2M	$967K	100x	as long as short
BloFin XAU-USDT	+0.0340%	4h	4,323.9	+0.011%	$16.2M	$4.6M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0352%	1h	4,322	−0.032%	$191K	$838K	25x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0461% / S −0.0307%	1h	4,323.3	−0.002%	$252K	—	111x	as long as short