Funding you earn now, next payment 08:00 UTC+0.0420%/8h= +46.0% APRnext payment +$0.53 per $10,000 · paid last 24h −0.019%
Price spread now: RISEx against Polymarket Perps−0.018%7-day average +0.078% · 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−$27as in the Price arb table
costs, in and out, $10k−$170.170% of the position
Funding, last 4 days (all we have)+0.008%+$1 on $10k
+Price spread, last 7 days+0.093%+$9 · spread now −0.018%, 7d avg +0.078%
=Funding pays, the price is against you. RISEx is 0.096% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread −0.018% now, against its 7-day average of +0.078%). If the spread goes back, that is −$10 on $10k: about 18 hours of funding at the current rate (+$13 a day). At the pace of the last 4 days (+0.008% in total) that is about 44 days.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.008% in total (about 0.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.53 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps GOLD-USD | 4,317.7 | 0.0222 | pay 0.0028% / 1h | 10m 23s | $4.3M | $1.8M | 20x |
| Short | RISEx XAU/USDC | 4,316.9 | 0.0643 | get 0.0080% / 1h | 10m 23s | $4.5M | $13.2M | 25x |
Polymarket Perps GOLD-USD
RISEx XAU/USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
RISEx 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $88.3
- Price spread: −0.018% → +0.078%
- −$9.61
- Slippage, 4 orders
- −$2.96
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- $61.74
- Costs to cover
- 0.170%
- Break-even
- 2.1 days
Slippage from Polymarket Perps: live order book, 4 min ago; RISEx: live order book, 4 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, 4 min ago | 1.04 bp | 5.0 bp −$5 | 5.2 bp −$52 | 6.0 bp −$602 | doesn't fit |
| Sell RISEx live order book, 4 min ago | 0.35 bp | 3.4 bp −$3 | 3.8 bp −$38 | 42.1 bp −$4,214 | 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 | |
|---|---|---|---|---|---|---|---|---|
| SunX XAU-USDT | 0.0000% | 4h | 4,320.5 | +0.066% | $92K | $7.0M | 20x | as long as short |
| gTrade (Gains Network) XAU/USD | L +0.0002% / S −0.0003% | 1h | 4,313 | −0.110% | $269K | — | 250x | as long as short |
| Injective XAU/USDC PERP | +0.0033% | 1h | 4,350.4 | +0.758% | $619 | $54 | 52x | as long as short |
| QFEX GOLD-USD | +0.0045% | 1h | 4,315.8 | −0.044% | $5.4M | $2.7M | 20x | as long as short |
| Vest GC-PERP | +0.0046% | 1h | 4,349.5 | +0.737% | — | $1.0M | 25x | as long as short |
| tradeXYZ xyz:GOLD | +0.0050% | 1h | 4,313.6 | −0.095% | $290.7M | $51.7M | 25x | as long as short |
| Ondo Perps XAU-USD.P | +0.0050% | 1h | 4,313.8 | −0.090% | $15.0M | $55.4M | 25x | as long as short |
| Bluefin GOLD-PERP | +0.0055% | 1h | 4,311 | −0.154% | $25K | $1K | 20x | as long as short |
| Aster XAUUSD1 | +0.0058% | 4h | 4,318.2 | +0.012% | $73.0M | $271.8M | 20x | as long as short |
| Paradex XAU-USD-PERP | +0.0063% | 8h | 4,315.9 | −0.041% | $2K | $14K | 5x | as long as short |
SunX XAU-USDT
gTrade (Gains Network) XAU/USD
Injective XAU/USDC PERP
QFEX GOLD-USD
Vest GC-PERP
tradeXYZ xyz:GOLD
Ondo Perps XAU-USD.P
Bluefin GOLD-PERP
Aster XAUUSD1
Paradex XAU-USD-PERPShow all 39 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit XAUUSDT | +0.0069% | 4h | 4,317.3 | −0.009% | $77.9M | $153.7M | 150x | as long as short |
| Lighter XAU | +0.0072% | 1h | 4,316 | −0.039% | $20.3M | $30.1M | 25x | as long as short |
| Coinbase International GOLD-PERP-INTX | +0.0072% | 1h | 4,315.3 | −0.056% | $2.0M | $5.1M | 25x | as long as short |
| StandX XAU-USD | +0.0096% | 1h | 4,319.8 | +0.049% | $3.8M | $4.5M | 40x | as long as short |
| Hotstuff GOLD-PERP | +0.0096% | 1h | 4,313 | −0.109% | $32K | — | 25x | as long as short |
| Phoenix GOLD | +0.0096% | 1h | 4,315.7 | −0.046% | $42K | $79K | 25x | as long as short |
| Kalshi KXGOLDPERP | +0.0098% | 24h | 4,319.1 | +0.032% | $3.7M | $44.9M | 15x | as long as short |
| Variational Omni XAU | +0.0100% | 4h | 4,316.5 | −0.029% | $47.1M | $29.0M | — | as long as short |
| Pacifica XAU | +0.0100% | 1h | 4,313.4 | −0.100% | $1.4M | $1.2M | 10x | as long as short |
| ApeX Omni XAUUSDT | +0.0100% | 1h | 4,315.6 | −0.050% | $272K | $209K | 50x | as long as short |
| Lighter RH XAU | +0.0104% | 1h | 4,318.1 | +0.010% | $19.9M | $40.1M | 25x | as long as short |
| Extended XAU-USD | +0.0104% | 1h | 4,313.1 | −0.105% | $13.2M | $36.6M | 25x | as long as short |
| MEXC XAU_USDT | +0.0110% | 4h | 4,317.5 | −0.006% | $363.3M | $336.1M | 1000x | as long as short |
| Binance XAUUSDT | +0.0110% | 4h | 4,316.5 | −0.028% | $429.5M | $2.14B | 100x | as long as short |
| Aevo XAU-PERP | +0.0112% | 1h | 4,316.4 | −0.030% | $160K | $87 | 10x | as long as short |
| edgeX XAUUSDC | +0.0112% | 4h | 4,309.9 | −0.180% | $30.0M | $60.5M | 50x | as long as short |
| GRVT XAU_USDT_Perp | +0.0114% | 4h | 4,319.3 | +0.038% | $1.4M | $3.0M | 25x | as long as short |
| Gate XAU_USDT | +0.0116% | 4h | 4,318.4 | +0.016% | $287.7M | $427.8M | 100x | as long as short |
| Bitget XAUUSDT | +0.0192% | 4h | 4,316.6 | −0.025% | $70.5M | $120.1M | 100x | as long as short |
| Bullet GOLD-USD | +0.0201% | 1h | 4,316.9 | −0.019% | $59K | $81K | 10x | as long as short |
| Polymarket Perps GOLD-USDlong | +0.0222% | 1h | 4,317.7 | long leg | $4.3M | $1.8M | 20x | |
| Kraken Futures PF_XAUUSD | +0.0228% | 1h | 4,314.1 | −0.082% | $574K | $138K | 25x | as long as short |
| Deribit GOLD_USDC-PERPETUAL | +0.0237% | 1h | 4,315.8 | −0.044% | $160K | $877K | 25x | as long as short |
| OKX XAU-USDT-SWAP | +0.0266% | 8h | 4,316.9 | −0.019% | $175.3M | $303.0M | 100x | as long as short |
| BloFin XAU-USDT | +0.0351% | 4h | 4,317.1 | −0.014% | $16.6M | $4.9M | 100x | as long as short |
| Phemex XAUUSDT | +0.0408% | 4h | 4,319.5 | +0.041% | $2.2M | $949K | 100x | as long as short |
| GMX GOLD/USD [ETH-USDC] | L +0.0466% / S −0.0312% | 1h | 4,316.5 | −0.028% | $254K | — | 111x | as long as short |
| HTX XAU-USDT | +0.0525% | 4h | 4,324.6 | +0.160% | $3.2M | $6.0M | 75x | as long as short |
| RISEx XAU/USDCshort | +0.0643% | 1h | 4,316.9 | −0.018% | $4.5M | $13.2M | 25x |
Bybit XAUUSDT
Lighter XAU
Coinbase International GOLD-PERP-INTX
StandX XAU-USD
Hotstuff GOLD-PERP
Phoenix GOLD
Kalshi KXGOLDPERP
Variational Omni XAU
Pacifica XAU
ApeX Omni XAUUSDT
Lighter RH XAU
Extended XAU-USD
MEXC XAU_USDT
Binance XAUUSDT
Aevo XAU-PERP
edgeX XAUUSDC
GRVT XAU_USDT_Perp
Gate XAU_USDT
Bitget XAUUSDT
Bullet GOLD-USD
Kraken Futures PF_XAUUSD
Deribit GOLD_USDC-PERPETUAL
OKX XAU-USDT-SWAP
BloFin XAU-USDT
Phemex XAUUSDT
GMX GOLD/USD [ETH-USDC]
HTX XAU-USDT