XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0209%/8h= +22.9% APRnext payment +$0.26 per $10,000 · paid last 24h −0.217%

Price spread now: Polymarket Perps against Bluefin+0.097%52s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Bluefin Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Polymarket Perps is 0.097% dearer against Bluefin than usual: you sell high and buy low: +$10 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bluefin GOLD-PERP	4,343.3	−0.0103	get 0.0013% / 1h	50m 25s	$25K	$14K	20x
Short	Polymarket Perps GOLD-USD	4,347.5	0.0107	get 0.0013% / 1h	50m 25s	$4.3M	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Bluefin. 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 BluefinbpFee Polymarket PerpsbpOrdersPrice spread, now +0.097%Rate

Funding earned: $43.92
Price spread: +0.097% → 0.000%: $9.74
Slippage, 4 orders: no order book: not counted
Fee Bluefin: 3.5 bp × 2 orders: −$7
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: $38.66
Costs to cover: 0.150%
Break-even: 0.8 days

Slippage unknown: Bluefin: no order-book sample; Polymarket Perps: live order book, 4 min ago. Net counts fees only.

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 Bluefin no order-book sample	—	—	—	—	—
Sell Polymarket Perps live order book, 4 min ago	0.12 bp	4.3 bp −$4	4.4 bp −$44	5.1 bp −$515	doesn't fit

Bluefin: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

XAU on 38 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
Bluefin GOLD-PERPlong	−0.0103%	1h	4,343.3	long leg	$25K	$14K	20x
Hotstuff GOLD-PERP	−0.0032%	1h	4,345.5	+0.051%	$33K	—	25x	as long as short
Gate XAU_USDT	0.0000%	4h	4,350.4	+0.165%	$264.2M	$405.8M	100x	as long as short
SunX XAU-USDT	0.0000%	4h	4,351.9	+0.199%	$92K	$9.4M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,344.4	+0.027%	$269K	—	250x	as long as short
RISEx XAU/USDC	+0.0010%	1h	4,348.8	+0.126%	$3.4M	$12.4M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,344.5	+0.029%	$13.6M	$40.4M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.165%	$619	$54	52x	as long as short
Kalshi KXGOLDPERP	+0.0037%	24h	4,346.5	+0.074%	$4.1M	$36.2M	15x	as long as short
StandX XAU-USD	+0.0040%	1h	4,349.3	+0.139%	$3.8M	$4.6M	40x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest GC-PERP	+0.0046%	1h	4,381.8	+0.887%	—	$1.0M	25x	as long as short
QFEX GOLD-USD	+0.0046%	1h	4,348.1	+0.111%	$5.6M	$1.9M	20x	as long as short
Lighter XAU	+0.0048%	1h	4,347.5	+0.097%	$20.6M	$41.9M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0048%	1h	4,344.6	+0.031%	$2.0M	$4.9M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,345.6	+0.054%	$293.3M	$48.6M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,345.2	+0.044%	$15.1M	$57.8M	25x	as long as short
Aster XAUUSD1	+0.0059%	4h	4,349.6	+0.145%	$70.1M	$329.4M	20x	as long as short
Lighter RH XAU	+0.0072%	1h	4,349.9	+0.152%	$20.1M	$39.3M	25x	as long as short
Paradex XAU-USD-PERP	+0.0085%	8h	4,348.3	+0.117%	$19K	$5K	5x	as long as short
Pacifica XAU	+0.0100%	1h	4,345.3	+0.047%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,350.6	+0.169%	$275K	$203K	50x	as long as short
Variational Omni XAU	+0.0102%	4h	4,347.9	+0.106%	$48.3M	$27.9M	—	as long as short
Polymarket Perps GOLD-USDshort	+0.0107%	1h	4,347.5	+0.097%	$4.3M	$1.9M	20x
Aevo XAU-PERP	+0.0112%	1h	4,348.1	+0.112%	$161K	$87	10x	as long as short
MEXC XAU_USDT	+0.0114%	4h	4,348.4	+0.118%	$371.3M	$315.9M	1000x	as long as short
Binance XAUUSDT	+0.0114%	4h	4,348.5	+0.120%	$410.2M	$2.10B	100x	as long as short
GRVT XAU_USDT_Perp	+0.0132%	4h	4,353.6	+0.238%	$1.4M	$3.0M	25x	as long as short
edgeX XAUUSDC	+0.0136%	4h	4,348.4	+0.118%	$30.3M	$58.7M	50x	as long as short
Phoenix GOLD	+0.0136%	1h	4,352	+0.201%	$47K	$77K	25x	as long as short
Bullet GOLD-USD	+0.0196%	1h	4,348.5	+0.121%	$58K	$83K	10x	as long as short
Bybit XAUUSDT	+0.0204%	4h	4,349.4	+0.141%	$83.9M	$145.0M	150x	as long as short
Bitget XAUUSDT	+0.0210%	4h	4,348.5	+0.120%	$69.6M	$109.2M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0249%	8h	4,349.8	+0.150%	$164.6M	$282.4M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0270%	1h	4,345.4	+0.049%	$593K	$133K	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0279%	1h	4,347.6	+0.100%	$259K	$702K	25x	as long as short
Phemex XAUUSDT	+0.0332%	4h	4,352.3	+0.209%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0398% / S −0.0207%	1h	4,348.7	+0.125%	$251K	—	111x	as long as short
HTX XAU-USDT	+0.0606%	4h	4,353.1	+0.226%	$2.8M	$4.2M	75x	as long as short