Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0052%/8h= −5.7% APRpaid last 24h +0.019%

Price spread now: Polymarket Perps against Binance−0.075%7-day average −0.082% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,077as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,073as in the Price arb table

costs, in and out, $10k−$1,07410.737% of the position

Long on Binance Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.031%−$3 on $10k

Price spread, last 7 days+0.004%$0 · spread now −0.075%, 7d avg −0.082%

Together, before fees−0.027%−$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.082%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance XAUUSDT	4,307.7	0.0102	pay 0.0051% / 4h	3h 36m	$434.2M	$2.22B	100x
Short	Polymarket Perps GOLD-USD	4,304.5	0.0050	get 0.0006% / 1h	36m 55s	$4.3M	$1.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Binance. 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 BinancebpFee Polymarket PerpsbpOrdersPrice spread, now −0.075%Rate

Funding earned: −$10.94
Price spread: −0.075% → −0.082%: $0.77
Slippage, 4 orders: −$1,055.69
Fee Binance: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$1,083.87
Costs to cover: 10.737%
Break-even: never at this rate

Slippage from Binance: live order book, 7 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 Binance live order book, 7 min ago	0.01 bp	5.0 bp −$5	5.0 bp −$50	6.2 bp −$615	doesn't fit
Sell Polymarket Perps live order book, 2 min ago	166.20 bp	833.1 bp −$833	doesn't fit	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
Hotstuff GOLD-PERP	−0.0032%	1h	4,305.5	−0.051%	$32K	—	25x	as long as short
SunX XAU-USDT	0.0000%	4h	4,311.6	+0.091%	$92K	$6.8M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,303.5	−0.097%	$278K	—	250x	as long as short
GRVT XAU_USDT_Perp	+0.0012%	4h	4,308	+0.008%	$1.4M	$3.0M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.991%	$619	$54	52x	as long as short
Vest GC-PERP	+0.0046%	1h	4,340.1	+0.752%	—	$1.0M	25x	as long as short
QFEX GOLD-USD	+0.0046%	1h	4,307	−0.016%	$6.6M	$3.1M	20x	as long as short
StandX XAU-USD	+0.0046%	1h	4,309.8	+0.049%	$3.8M	$4.5M	40x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,305.1	−0.061%	$290.9M	$53.8M	25x	as long as short
Polymarket Perps GOLD-USDshort	+0.0050%	1h	4,304.5	−0.075%	$4.3M	$1.8M	20x

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps XAU-USD.P	+0.0050%	1h	4,304.7	−0.070%	$15.0M	$55.8M	25x	as long as short
Aster XAUUSD1	+0.0052%	4h	4,309	+0.029%	$73.4M	$271.8M	20x	as long as short
Extended XAU-USD	+0.0056%	1h	4,303.8	−0.090%	$13.1M	$36.2M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0056%	1h	4,303.9	−0.088%	$2.0M	$5.1M	25x	as long as short
Paradex XAU-USD-PERP	+0.0061%	8h	4,308	+0.006%	$2K	$13K	5x	as long as short
Lighter XAU	+0.0080%	1h	4,307.1	−0.015%	$20.3M	$28.8M	25x	as long as short
Variational Omni XAU	+0.0087%	4h	4,306.3	−0.034%	$46.6M	$29.2M	—	as long as short
Phoenix GOLD	+0.0095%	1h	4,303.2	−0.105%	$42K	$86K	25x	as long as short
Bybit XAUUSDT	+0.0095%	4h	4,308.8	+0.026%	$77.5M	$157.2M	150x	as long as short
Lighter RH XAU	+0.0096%	1h	4,309.8	+0.047%	$19.8M	$39.9M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,304.8	−0.067%	$1.4M	$1.2M	10x	as long as short
MEXC XAU_USDT	+0.0100%	4h	4,307.7	0.000%	$361.1M	$337.1M	1000x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,304.4	−0.077%	$275K	$218K	50x	as long as short
Binance XAUUSDTlong	+0.0102%	4h	4,307.7	long leg	$434.2M	$2.22B	100x
Aevo XAU-PERP	+0.0104%	1h	4,307	−0.017%	$160K	$87	10x	as long as short
Kalshi KXGOLDPERP	+0.0109%	24h	4,310.6	+0.067%	$3.7M	$46.4M	15x	as long as short
edgeX XAUUSDC	+0.0111%	4h	4,306.8	−0.022%	$30.0M	$61.5M	50x	as long as short
RISEx XAU/USDC	+0.0126%	1h	4,308.1	+0.009%	$4.4M	$13.1M	25x	as long as short
Gate XAU_USDT	+0.0150%	4h	4,310.1	+0.054%	$296.2M	$426.1M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0168%	1h	4,306.5	−0.028%	$134K	$864K	25x	as long as short
Bitget XAUUSDT	+0.0190%	4h	4,308	+0.006%	$70.3M	$124.6M	100x	as long as short
Bullet GOLD-USD	+0.0195%	1h	4,308.2	+0.012%	$58K	$81K	10x	as long as short
OKX XAU-USDT-SWAP	+0.0249%	8h	4,308.6	+0.021%	$171.0M	$329.3M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0328%	1h	4,305.7	−0.046%	$573K	$138K	25x	as long as short
BloFin XAU-USDT	+0.0367%	4h	4,307.9	+0.005%	$16.2M	$5.0M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0466% / S −0.0314%	1h	4,307.7	0.000%	$255K	—	111x	as long as short
Phemex XAUUSDT	+0.0496%	4h	4,311.1	+0.078%	$2.2M	$955K	100x	as long as short
HTX XAU-USDT	+0.1083%	4h	4,315.7	+0.185%	$3.2M	$6.2M	75x	as long as short
Bluefin GOLD-PERP	+0.4755%	1h	4,303.1	−0.108%	$25K	$1K	20x	as long as short