Settings8H · net · $10k
Funding arb · Price arb /

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC−0.0168%/8h= −18.4% APRnext payment $0.21 per $10,000 · paid last 24h −0.028%
Price spread now: StandX against Polymarket Perps+0.030%7-day average +0.093% · 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−$28as in the Price arb table
costs, in and out, $10k−$220.219% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.025%−$2 on $10k
Price spread, last 7 days+0.058%+$6 · spread now +0.030%, 7d avg +0.093%
Together, before fees+0.033%+ Points / potential airdropStandX: Active · farm board+$3 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and StandX is 0.063% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.093%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps GOLD-USD4,322.10.0208pay 0.0026% / 1h30m 22s$4.3M$1.9M20x
ShortStandX XAU-USD4,323.40.0040get 0.0005% / 1h30m 22s$3.8M$4.5M40x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

StandX 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

Funding earned
−$35.31
Price spread: +0.030% → +0.093%
−$6.25
Slippage, 4 orders
−$5.93
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee StandX: 4 bp × 2 orders
−$8
Net
−$63.5
Costs to cover
0.219%
Break-even
never at this rate
Slippage from Polymarket Perps: live order book, 4 min ago; StandX: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Polymarket Perps live order book, 4 min ago0.12 bp4.1 bp −$45.4 bp −$546.9 bp −$693doesn't fit
Sell StandX live order book, 4 min ago0.12 bp9.1 bp −$910.1 bp −$10111.1 bp −$1,11114.8 bp −$7,380

XAU on 39 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bluefin GOLD-PERP−0.0095%1h4,316.7−0.126%$25K$11K20xas long as short
SunX XAU-USDT0.0000%4h4,327.2+0.118%$92K$7.7M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,319.8−0.053%$270K250xas long as short
Bybit XAUUSDT+0.0005%4h4,323.4+0.030%$77.4M$155.0M150xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4+0.655%$619$5452xas long as short
StandX XAU-USDshort+0.0040%1h4,323.4+0.030%$3.8M$4.5M40x
QFEX GOLD-USD+0.0042%1h4,321.4−0.016%$5.4M$2.0M20xas long as short
Vest GC-PERP+0.0046%1h4,354.9+0.759%$1.0M25xas long as short
Extended XAU-USD+0.0048%1h4,318.1−0.094%$12.9M$36.9M25xas long as short
tradeXYZ xyz:GOLD+0.0050%1h4,318.8−0.076%$291.4M$51.5M25xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps XAU-USD.P+0.0050%1h4,317.5−0.107%$15.0M$55.5M25xas long as short
Lighter XAU+0.0064%1h4,321.5−0.013%$20.3M$30.5M25xas long as short
Aster XAUUSD1+0.0068%4h4,324.1+0.046%$72.5M$278.0M20xas long as short
Coinbase International GOLD-PERP-INTX+0.0072%1h4,321.5−0.014%$2.1M$4.9M25xas long as short
Paradex XAU-USD-PERP+0.0074%8h4,321.1−0.024%$2K$13K5xas long as short
Kalshi KXGOLDPERP+0.0076%24h4,324.6+0.058%$3.8M$43.6M15xas long as short
GRVT XAU_USDT_Perp+0.0080%4h4,322.8+0.017%$1.4M$3.0M25xas long as short
Hotstuff GOLD-PERP+0.0088%1h4,319.2−0.067%$32K25xas long as short
Variational Omni XAU+0.0090%4h4,322.5+0.010%$47.4M$28.8Mas long as short
MEXC XAU_USDT+0.0096%4h4,322.4+0.007%$362.2M$330.7M1000xas long as short
Binance XAUUSDT+0.0096%4h4,322.4+0.007%$416.3M$2.13B100xas long as short
Gate XAU_USDT+0.0098%4h4,324.5+0.056%$282.6M$416.1M100xas long as short
Phoenix GOLD+0.0100%1h4,322−0.002%$47K$79K25xas long as short
Pacifica XAU+0.0100%1h4,318.6−0.082%$1.4M$1.2M10xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,319.9−0.052%$272K$208K50xas long as short
Lighter RH XAU+0.0104%1h4,323.8+0.040%$19.8M$38.7M25xas long as short
Aevo XAU-PERP+0.0104%1h4,322.6+0.011%$160K$8710xas long as short
edgeX XAUUSDC+0.0116%4h4,319.6−0.058%$30.0M$61.3M50xas long as short
Kraken Futures PF_XAUUSD+0.0153%1h4,320.2−0.044%$584K$134K25xas long as short
Bullet GOLD-USD+0.0177%1h4,322.4+0.008%$59K$82K10xas long as short
RISEx XAU/USDC+0.0184%1h4,324.5+0.054%$4.2M$12.8M25xas long as short
Polymarket Perps GOLD-USDlong+0.0208%1h4,322.1long leg$4.3M$1.9M20x
Bitget XAUUSDT+0.0226%4h4,321.9−0.004%$67.8M$118.4M100xas long as short
HTX XAU-USDT+0.0238%4h4,326.7+0.106%$2.8M$4.9M75xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0259%1h4,322.10.000%$192K$834K25xas long as short
OKX XAU-USDT-SWAP+0.0308%8h4,322.8+0.016%$171.4M$297.8M100xas long as short
BloFin XAU-USDT+0.0337%4h4,323.3+0.027%$16.1M$4.6M100xas long as short
Phemex XAUUSDT+0.0342%4h4,324.6+0.058%$2.2M$967K100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0462% / S −0.0307%1h4,323.3+0.027%$252K111xas long as short