XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0074%/8h= −8.1% APRnext payment −$0.09 per $10,000 · paid last 24h −0.002%

Price spread now: Phoenix against Polymarket Perps−0.002%59s7-day average — · you buy dearer than you sell

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

Long on Polymarket Perps Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.103%+$10 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.103%, so the current rate has only just turned against you. The two prices were read 59 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	4,363	0.0129	pay 0.0016% / 1h	31m 33s	$4.3M	$1.8M	20x
Short	Phoenix GOLD	4,362.9	0.0055	get 0.0007% / 1h	31m 33s	$48K	$64K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now −0.002%Rate

Funding earned: −$15.48
Price spread: −0.002% → 0.000%: −$0.23
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$30.71
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Polymarket Perps: live order book, 3 min ago; Phoenix: 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, 3 min ago	0.12 bp	4.9 bp −$5	5.3 bp −$53	6.0 bp −$596	doesn't fit
Sell Phoenix no order-book sample	—	—	—	—	—

Phoenix: 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 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
Hotstuff GOLD-PERP	−0.0048%	1h	4,360	−0.069%	$33K	—	25x	as long as short
Aster XAUUSD1	0.0000%	4h	4,363	+0.001%	$71.1M	$200.7M	20x	as long as short
Gate XAU_USDT	0.0000%	4h	4,364.3	+0.030%	$265.6M	$414.4M	100x	as long as short
Variational Omni XAU	0.0000%	4h	4,365.3	+0.053%	$48.6M	$27.5M	—	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,360.5	−0.057%	$4.0M	$36.6M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,367.5	+0.103%	$93K	$10.3M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,359.1	−0.088%	$267K	—	250x	as long as short
MEXC XAU_USDT	+0.0010%	4h	4,363.1	+0.002%	$373.1M	$325.6M	1000x	as long as short
Binance XAUUSDT	+0.0012%	4h	4,363.1	+0.002%	$410.6M	$2.15B	100x	as long as short
edgeX XAUUSDC	+0.0022%	4h	4,359.4	−0.082%	$30.3M	$60.5M	50x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.288%	$619	$54	52x	as long as short
BloFin XAU-USDT	+0.0035%	4h	4,363.8	+0.019%	$15.5M	$4.5M	100x	as long as short
StandX XAU-USD	+0.0040%	1h	4,363.9	+0.021%	$3.8M	$4.7M	40x	as long as short
Bitget XAUUSDT	+0.0042%	4h	4,363.6	+0.014%	$69.6M	$113.3M	100x	as long as short
QFEX GOLD-USD	+0.0045%	1h	4,362.8	−0.005%	$5.6M	$1.9M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,397.3	+0.786%	—	$1.0M	25x	as long as short
RISEx XAU/USDC	+0.0048%	1h	4,363	0.000%	$3.4M	$12.3M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,359.9	−0.071%	$293.9M	$52.4M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,358.2	−0.110%	$14.7M	$57.2M	25x	as long as short
Phoenix GOLDshort	+0.0055%	1h	4,362.9	−0.002%	$48K	$64K	25x
Lighter XAU	+0.0072%	1h	4,362.2	−0.019%	$20.6M	$43.9M	25x	as long as short
Paradex XAU-USD-PERP	+0.0079%	8h	4,362.9	−0.003%	$19K	$5K	5x	as long as short
Aevo XAU-PERP	+0.0080%	1h	4,362.6	−0.009%	$162K	$87	10x	as long as short
Lighter RH XAU	+0.0096%	1h	4,364.3	+0.031%	$20.2M	$41.0M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0096%	1h	4,360.1	−0.066%	$2.0M	$5.1M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,359.8	−0.073%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,360.8	−0.051%	$275K	$204K	50x	as long as short
Bybit XAUUSDT	+0.0101%	4h	4,363.9	+0.021%	$83.0M	$143.7M	150x	as long as short
Extended XAU-USD	+0.0128%	1h	4,358.8	−0.096%	$13.5M	$44.0M	25x	as long as short
Polymarket Perps GOLD-USDlong	+0.0129%	1h	4,363	long leg	$4.3M	$1.8M	20x
GRVT XAU_USDT_Perp	+0.0154%	4h	4,365.2	+0.051%	$1.4M	$3.1M	25x	as long as short
OKX XAU-USDT-SWAP	+0.0192%	8h	4,364.3	+0.030%	$165.6M	$286.2M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0209%	1h	4,361.5	−0.034%	$235K	$656K	25x	as long as short
Bullet GOLD-USD	+0.0213%	1h	4,363.5	+0.011%	$59K	$82K	10x	as long as short
Kraken Futures PF_XAUUSD	+0.0225%	1h	4,360.6	−0.054%	$595K	$150K	25x	as long as short
Bluefin GOLD-PERP	+0.0284%	1h	4,357	−0.137%	$26K	$22K	20x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0389% / S −0.0197%	1h	4,363.4	+0.009%	$252K	—	111x	as long as short
Phemex XAUUSDT	+0.0541%	4h	4,367	+0.092%	$2.2M	$1.1M	100x	as long as short
HTX XAU-USDT	+0.0639%	4h	4,368.8	+0.133%	$2.9M	$3.9M	75x	as long as short