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

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0126%/8h= −13.8% APRnext payment $0.16 per $10,000 · paid last 24h −0.021%
Price spread now: StandX against Polymarket Perps+0.021%7-day average +0.093% · you sell dearer than you buy
Net, funding: paid 7d − costs−$26as in the Funding arb table
Net, price: spread back to 7d avg − costs−$32as in the Price arb table
costs, in and out, $10k−$250.245% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.020%−$2 on $10k
Price spread, last 7 days+0.053%+$5 · spread now +0.021%, 7d avg +0.093%
Together, before fees+0.034%+ Points / potential airdropStandX: Active · farm board+$3 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and StandX is 0.073% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$7 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-USD4,347.40.0166pay 0.0021% / 1h7m 42s$4.3M$2.0M20x
ShortStandX XAU-USD4,348.30.0040get 0.0005% / 1h7m 42s$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
−$26.51
Price spread: +0.021% → +0.093%
−$7.26
Slippage, 4 orders
−$8.52
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee StandX: 4 bp × 2 orders
−$8
Net
−$58.28
Costs to cover
0.245%
Break-even
never at this rate
Slippage from Polymarket Perps: live order book, 1 min ago; StandX: live order book, 1 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, 1 min ago0.12 bp4.1 bp −$45.2 bp −$525.9 bp −$589doesn't fit
Sell StandX live order book, 1 min ago2.53 bp9.1 bp −$99.4 bp −$9410.7 bp −$1,06812.1 bp −$6,042

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
RISEx XAU/USDC0.0000%1h4,347−0.010%$3.4M$12.3M25xas long as short
Gate XAU_USDT0.0000%4h4,348.8+0.032%$266.6M$417.7M100xas long as short
SunX XAU-USDT0.0000%4h4,351.7+0.098%$92K$8.9M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,342.9−0.103%$272K250xas long as short
Lighter XAU+0.0032%1h4,346.7−0.017%$20.8M$38.2M25xas long as short
Extended XAU-USD+0.0032%1h4,343.4−0.092%$13.2M$38.2M25xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4+0.069%$619$5452xas long as short
Lighter RH XAU+0.0040%1h4,348.5+0.024%$20.1M$39.5M25xas long as short
StandX XAU-USDshort+0.0040%1h4,348.3+0.021%$3.8M$4.5M40x
QFEX GOLD-USD+0.0041%1h4,347−0.009%$5.7M$2.0M20xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Vest GC-PERP+0.0046%1h4,380.1+0.752%$1.0M25xas long as short
Coinbase International GOLD-PERP-INTX+0.0048%1h4,344.8−0.060%$2.0M$4.8M25xas long as short
Kalshi KXGOLDPERP+0.0049%24h4,345.6−0.041%$4.2M$37.4M15xas long as short
tradeXYZ xyz:GOLD+0.0050%1h4,344.5−0.067%$293.9M$48.8M25xas long as short
Ondo Perps XAU-USD.P+0.0050%1h4,344.2−0.074%$15.1M$56.8M25xas long as short
Hotstuff GOLD-PERP+0.0056%1h4,344.4−0.069%$33K25xas long as short
Aster XAUUSD1+0.0064%4h4,348.2+0.018%$71.3M$333.1M20xas long as short
Variational Omni XAU+0.0076%4h4,345.3−0.049%$48.4M$28.2Mas long as short
Paradex XAU-USD-PERP+0.0081%8h4,347.7+0.006%$19K$5K5xas long as short
GRVT XAU_USDT_Perp+0.0090%4h4,347−0.010%$1.4M$2.9M25xas long as short
MEXC XAU_USDT+0.0090%4h4,348.1+0.016%$372.7M$320.6M1000xas long as short
Binance XAUUSDT+0.0091%4h4,348.1+0.015%$413.9M$2.10B100xas long as short
Pacifica XAU+0.0100%1h4,344−0.078%$1.4M$1.1M10xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,343.3−0.095%$274K$203K50xas long as short
Bluefin GOLD-PERP+0.0100%1h4,340.2−0.166%$25K$14K20xas long as short
edgeX XAUUSDC+0.0101%4h4,342.2−0.119%$30.2M$58.0M50xas long as short
Aevo XAU-PERP+0.0104%1h4,346.5−0.021%$161K$8710xas long as short
Phoenix GOLD+0.0142%1h4,344.7−0.062%$47K$77K25xas long as short
Polymarket Perps GOLD-USDlong+0.0166%1h4,347.4long leg$4.3M$2.0M20x
Bullet GOLD-USD+0.0186%1h4,347.3−0.002%$59K$82K10xas long as short
Kraken Futures PF_XAUUSD+0.0194%1h4,344.6−0.065%$592K$132K25xas long as short
Phemex XAUUSDT+0.0226%4h4,349.4+0.046%$2.2M$967K100xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0233%1h4,345.8−0.037%$206K$825K25xas long as short
Bitget XAUUSDT+0.0234%4h4,348.5+0.025%$70.6M$109.4M100xas long as short
Bybit XAUUSDT+0.0240%4h4,349.2+0.040%$85.1M$145.4M150xas long as short
OKX XAU-USDT-SWAP+0.0300%8h4,349.1+0.039%$165.4M$282.0M100xas long as short
BloFin XAU-USDT+0.0330%4h4,347.7+0.007%$15.6M$4.5M100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0418% / S −0.0240%1h4,347.2−0.004%$248K111xas long as short
HTX XAU-USDT+0.0616%4h4,351.3+0.089%$2.8M$4.6M75xas long as short