XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0043%/8h= −4.7% APRnext payment −$0.05 per $10,000 · paid last 24h −0.030%

Price spread now: Polymarket Perps against Deribit+0.028%7-day average +0.046% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$230.226% of the position

Long on Deribit Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.689%−$69 on $10k

Price spread, last 3 days (all we have)+0.004%$0 · spread now +0.028%, 7d avg +0.046%

Together, before fees−0.685%−$69 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.046%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit GOLD_USDC-PERPETUAL	4,356.9	0.0163	pay 0.0020% / 1h	22m 20s	$235K	$656K	25x
Short	Polymarket Perps GOLD-USD	4,358.1	0.0120	get 0.0015% / 1h	22m 20s	$4.3M	$1.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Deribit. 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 DeribitbpFee Polymarket PerpsbpOrdersPrice spread, now +0.028%Rate

Funding earned: −$9.08
Price spread: +0.028% → +0.046%: −$1.88
Slippage, 4 orders: −$7.57
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$33.52
Costs to cover: 0.226%
Break-even: never at this rate

Slippage from Deribit: live order book, 52 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Deribit live order book, 52 min ago	0.11 bp	3.6 bp −$4	3.9 bp −$39	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 2 min ago	0.12 bp	4.4 bp −$4	4.7 bp −$47	5.5 bp −$546	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
Aster XAUUSD1	0.0000%	4h	4,359.2	+0.053%	$71.0M	$200.6M	20x	as long as short
Gate XAU_USDT	0.0000%	4h	4,360.2	+0.075%	$266.2M	$417.0M	100x	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,356.2	−0.016%	$4.0M	$36.7M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,364.2	+0.166%	$93K	$10.2M	20x	as long as short
Variational Omni XAU	0.0000%	4h	4,360.4	+0.081%	$47.8M	$28.1M	—	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,355.1	−0.041%	$267K	—	250x	as long as short
edgeX XAUUSDC	+0.0022%	4h	4,355.1	−0.041%	$30.3M	$60.4M	50x	as long as short
MEXC XAU_USDT	+0.0022%	4h	4,359.1	+0.051%	$372.8M	$328.2M	1000x	as long as short
Binance XAUUSDT	+0.0024%	4h	4,358.6	+0.038%	$411.5M	$2.15B	100x	as long as short
Hotstuff GOLD-PERP	+0.0032%	1h	4,356.9	0.000%	$33K	—	25x	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	−0.149%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,360.6	+0.085%	$3.8M	$4.7M	40x	as long as short
QFEX GOLD-USD	+0.0045%	1h	4,359.3	+0.055%	$5.6M	$1.9M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,393.6	+0.842%	—	$1.0M	25x	as long as short
RISEx XAU/USDC	+0.0048%	1h	4,359.9	+0.070%	$3.4M	$12.3M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,355.7	−0.028%	$293.7M	$51.5M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,355.2	−0.040%	$14.7M	$57.3M	25x	as long as short
Phoenix GOLD	+0.0055%	1h	4,358.5	+0.037%	$48K	$64K	25x	as long as short
Bitget XAUUSDT	+0.0060%	4h	4,358.8	+0.044%	$69.1M	$113.9M	100x	as long as short
Lighter XAU	+0.0072%	1h	4,357.9	+0.023%	$20.6M	$44.1M	25x	as long as short
Extended XAU-USD	+0.0072%	1h	4,354.9	−0.046%	$13.5M	$43.7M	25x	as long as short
Paradex XAU-USD-PERP	+0.0080%	8h	4,360.4	+0.079%	$19K	$5K	5x	as long as short
Aevo XAU-PERP	+0.0088%	1h	4,358.2	+0.030%	$161K	$87	10x	as long as short
BloFin XAU-USDT	+0.0091%	4h	4,361.9	+0.114%	$15.5M	$4.5M	100x	as long as short
Lighter RH XAU	+0.0096%	1h	4,360.1	+0.073%	$20.2M	$41.0M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0096%	1h	4,354.3	−0.060%	$2.0M	$5.1M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,356.8	−0.003%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,357.8	+0.020%	$275K	$204K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,352.6	−0.100%	$26K	$22K	20x	as long as short
Bybit XAUUSDT	+0.0110%	4h	4,359.6	+0.061%	$83.5M	$144.4M	150x	as long as short
Polymarket Perps GOLD-USDshort	+0.0120%	1h	4,358.1	+0.028%	$4.3M	$1.8M	20x
GRVT XAU_USDT_Perp	+0.0152%	4h	4,361.1	+0.096%	$1.4M	$3.1M	25x	as long as short
Deribit GOLD_USDC-PERPETUALlong	+0.0163%	1h	4,356.9	long leg	$235K	$656K	25x
OKX XAU-USDT-SWAP	+0.0199%	8h	4,359.7	+0.064%	$163.8M	$289.3M	100x	as long as short
Bullet GOLD-USD	+0.0211%	1h	4,359.5	+0.060%	$59K	$82K	10x	as long as short
Kraken Futures PF_XAUUSD	+0.0225%	1h	4,356.2	−0.015%	$594K	$151K	25x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0389% / S −0.0197%	1h	4,359	+0.048%	$252K	—	111x	as long as short
Phemex XAUUSDT	+0.0457%	4h	4,361.7	+0.111%	$2.2M	$1.1M	100x	as long as short
HTX XAU-USDT	+0.0568%	4h	4,364	+0.163%	$2.9M	$3.9M	75x	as long as short