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: Deribit against Polymarket Perps−0.028%7-day average −0.046% · 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−$21as in the Price arb table

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

Long on Polymarket Perps Short on Deribit

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	Polymarket Perps GOLD-USD	4,358.1	0.0120	pay 0.0015% / 1h	22m 04s	$4.3M	$1.8M	20x
Short	Deribit GOLD_USDC-PERPETUAL	4,356.9	0.0163	get 0.0020% / 1h	22m 04s	$235K	$656K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.028%Rate

Funding earned: $9.08
Price spread: −0.028% → −0.046%: $1.88
Slippage, 4 orders: −$7.57
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$11.61
Costs to cover: 0.226%
Break-even: 16.0 days

Slippage from Polymarket Perps: live order book, 2 min ago; Deribit: live order book, 52 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, 2 min ago	0.12 bp	5.0 bp −$5	5.6 bp −$56	6.4 bp −$641	doesn't fit
Sell Deribit live order book, 52 min ago	0.11 bp	9.5 bp −$10	10.4 bp −$104	doesn't fit	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	+0.021%	$71.0M	$200.6M	20x	as long as short
Gate XAU_USDT	0.0000%	4h	4,359.9	+0.041%	$266.1M	$417.0M	100x	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,356.2	−0.044%	$4.0M	$36.7M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,364.2	+0.139%	$93K	$10.2M	20x	as long as short
Variational Omni XAU	0.0000%	4h	4,360.4	+0.053%	$47.8M	$28.1M	—	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,355.1	−0.068%	$267K	—	250x	as long as short
edgeX XAUUSDC	+0.0022%	4h	4,355.1	−0.068%	$30.3M	$60.4M	50x	as long as short
MEXC XAU_USDT	+0.0022%	4h	4,358.8	+0.015%	$372.8M	$328.2M	1000x	as long as short
Binance XAUUSDT	+0.0024%	4h	4,358.6	+0.012%	$411.5M	$2.15B	100x	as long as short
Hotstuff GOLD-PERP	+0.0032%	1h	4,356.9	−0.028%	$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	−0.176%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,360.6	+0.057%	$3.8M	$4.7M	40x	as long as short
QFEX GOLD-USD	+0.0045%	1h	4,359.3	+0.028%	$5.6M	$1.9M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,393.6	+0.815%	—	$1.0M	25x	as long as short
RISEx XAU/USDC	+0.0048%	1h	4,359.9	+0.042%	$3.4M	$12.3M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,355.7	−0.055%	$293.7M	$51.5M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,355.2	−0.068%	$14.7M	$57.3M	25x	as long as short
Phoenix GOLD	+0.0055%	1h	4,358.5	+0.009%	$48K	$64K	25x	as long as short
Bitget XAUUSDT	+0.0060%	4h	4,359	+0.021%	$69.1M	$113.9M	100x	as long as short
Lighter XAU	+0.0072%	1h	4,357.9	−0.004%	$20.6M	$44.1M	25x	as long as short
Extended XAU-USD	+0.0072%	1h	4,354.9	−0.074%	$13.5M	$43.7M	25x	as long as short
Paradex XAU-USD-PERP	+0.0080%	8h	4,360.4	+0.052%	$19K	$5K	5x	as long as short
Aevo XAU-PERP	+0.0088%	1h	4,358.2	+0.003%	$161K	$87	10x	as long as short
BloFin XAU-USDT	+0.0091%	4h	4,361.9	+0.087%	$15.5M	$4.5M	100x	as long as short
Lighter RH XAU	+0.0096%	1h	4,360.1	+0.046%	$20.2M	$41.0M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0096%	1h	4,354.3	−0.087%	$2.0M	$5.1M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,356.8	−0.031%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,357.8	−0.007%	$275K	$204K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,352.6	−0.127%	$26K	$22K	20x	as long as short
Bybit XAUUSDT	+0.0110%	4h	4,359.7	+0.036%	$83.5M	$144.4M	150x	as long as short
Polymarket Perps GOLD-USDlong	+0.0120%	1h	4,358.1	long leg	$4.3M	$1.8M	20x
GRVT XAU_USDT_Perp	+0.0152%	4h	4,361.1	+0.069%	$1.4M	$3.1M	25x	as long as short
Deribit GOLD_USDC-PERPETUALshort	+0.0163%	1h	4,356.9	−0.028%	$235K	$656K	25x
OKX XAU-USDT-SWAP	+0.0199%	8h	4,359.9	+0.041%	$163.8M	$289.3M	100x	as long as short
Bullet GOLD-USD	+0.0211%	1h	4,359.5	+0.032%	$59K	$82K	10x	as long as short
Kraken Futures PF_XAUUSD	+0.0225%	1h	4,356.2	−0.043%	$594K	$151K	25x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0389% / S −0.0197%	1h	4,359	+0.021%	$252K	—	111x	as long as short
Phemex XAUUSDT	+0.0457%	4h	4,361.7	+0.083%	$2.2M	$1.1M	100x	as long as short
HTX XAU-USDT	+0.0568%	4h	4,364	+0.136%	$2.9M	$3.9M	75x	as long as short