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

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0178%/8h= +19.5% APRnext payment +$0.22 per $10,000 · paid last 24h +0.023%
Price spread now: Polymarket Perps against StandX−0.007%7-day average −0.093% · you buy dearer than you sell
Net, funding: paid 7d − costs−$21as in the Funding arb table
Net, price: spread back to 7d avg − costs−$14as in the Price arb table
costs, in and out, $10k−$230.227% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.021%+$2 on $10k
Price spread, last 7 days−0.073%−$7 · spread now −0.007%, 7d avg −0.093%
Together, before fees−0.052%+ Points / potential airdropStandX: Active · farm board−$5 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Polymarket Perps is 0.086% dearer against StandX than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.093%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongStandX XAU-USD4,343.30.0040pay 0.0005% / 1h47m 19s$3.8M$4.5M40x
ShortPolymarket Perps GOLD-USD4,3430.0218get 0.0027% / 1h47m 19s$4.3M$2.0M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps against StandX. 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
$37.41
Price spread: −0.007% → −0.093%
$8.63
Slippage, 4 orders
−$6.72
Fee StandX: 4 bp × 2 orders
−$8
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
$23.32
Costs to cover
0.227%
Break-even
2.6 days
Slippage from StandX: live order book, 2 min ago; Polymarket Perps: live order book, 2 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 StandX live order book, 2 min ago1.84 bp5.8 bp −$66.4 bp −$648.9 bp −$89310.4 bp −$5,220
Sell Polymarket Perps live order book, 2 min ago0.12 bp4.6 bp −$55.6 bp −$566.4 bp −$643doesn't fit

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−0.0006%1h4,336.2−0.163%$25K$14K20xas long as short
SunX XAU-USDT0.0000%4h4,347.3+0.092%$92K$8.7M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,338.8−0.103%$271K250xas long as short
RISEx XAU/USDC+0.0005%1h4,342.6−0.016%$3.5M$12.1M25xas long as short
Lighter RH XAU+0.0032%1h4,344+0.016%$20.0M$39.2M25xas long as short
Extended XAU-USD+0.0032%1h4,338.8−0.103%$13.3M$37.9M25xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4+0.164%$619$5452xas long as short
StandX XAU-USDlong+0.0040%1h4,343.3long leg$3.8M$4.5M40x
QFEX GOLD-USD+0.0042%1h4,342.1−0.028%$5.7M$2.0M20xas long as short
Vest GC-PERP+0.0046%1h4,375.2+0.734%$1.0M25xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter XAU+0.0048%1h4,342−0.031%$20.8M$34.5M25xas long as short
tradeXYZ xyz:GOLD+0.0050%1h4,339.8−0.081%$293.5M$49.0M25xas long as short
Ondo Perps XAU-USD.P+0.0050%1h4,339.4−0.090%$15.1M$56.8M25xas long as short
Kalshi KXGOLDPERP+0.0051%24h4,340.2−0.071%$4.3M$37.5M15xas long as short
Gate XAU_USDT+0.0052%4h4,344.5+0.027%$267.9M$411.8M100xas long as short
Coinbase International GOLD-PERP-INTX+0.0056%1h4,340.1−0.074%$2.1M$4.8M25xas long as short
Bybit XAUUSDT+0.0058%4h4,343.8+0.010%$80.5M$150.6M150xas long as short
Aster XAUUSD1+0.0074%4h4,344+0.015%$71.5M$332.5M20xas long as short
Paradex XAU-USD-PERP+0.0082%8h4,342.6−0.017%$19K$5K5xas long as short
Variational Omni XAU+0.0082%4h4,340.8−0.057%$48.4M$27.6Mas long as short
MEXC XAU_USDT+0.0098%4h4,343.1−0.004%$372.5M$317.5M1000xas long as short
Binance XAUUSDT+0.0099%4h4,343.1−0.005%$415.0M$2.09B100xas long as short
Pacifica XAU+0.0100%1h4,339.3−0.092%$1.4M$1.1M10xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,337−0.146%$274K$203K50xas long as short
edgeX XAUUSDC+0.0101%4h4,336.2−0.164%$30.2M$58.3M50xas long as short
Aevo XAU-PERP+0.0104%1h4,342.1−0.027%$161K$8710xas long as short
Hotstuff GOLD-PERP+0.0112%1h4,339.6−0.085%$33K25xas long as short
Phemex XAUUSDT+0.0133%4h4,343.9+0.015%$2.2M$967K100xas long as short
Phoenix GOLD+0.0136%1h4,338.3−0.115%$47K$77K25xas long as short
GRVT XAU_USDT_Perp+0.0166%4h4,341.6−0.038%$1.4M$2.9M25xas long as short
Bullet GOLD-USD+0.0214%1h4,343−0.006%$59K$82K10xas long as short
Polymarket Perps GOLD-USDshort+0.0218%1h4,343−0.007%$4.3M$2.0M20x
Bitget XAUUSDT+0.0242%4h4,343.6+0.007%$71.1M$109.4M100xas long as short
Kraken Futures PF_XAUUSD+0.0259%1h4,340.3−0.069%$592K$132K25xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0280%1h4,341.6−0.039%$205K$826K25xas long as short
OKX XAU-USDT-SWAP+0.0316%8h4,344.7+0.032%$166.3M$281.5M100xas long as short
BloFin XAU-USDT+0.0352%4h4,343.4+0.002%$15.6M$4.4M100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0426% / S −0.0251%1h4,343.1−0.004%$250K111xas long as short
HTX XAU-USDT+0.0541%4h4,347.6+0.098%$2.8M$4.6M75xas long as short