XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0007%/8h= +0.7% APRnext payment +$0.01 per $10,000 · paid last 24h −0.028%

Price spread now: Polymarket Perps against Deribit+0.049%7-day average +0.045% · 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−$20as in the Price arb table

costs, in and out, $10k−$210.208% 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)−0.699%−$70 on $10k

Price spread, last 4 days (all we have)−0.007%−$1 · spread now +0.049%, 7d avg +0.045%

Together, before fees−0.706%−$71 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit GOLD_USDC-PERPETUAL	4,302.7	0.0215	pay 0.0027% / 1h	2m 10s	$136K	$866K	25x
Short	Polymarket Perps GOLD-USD	4,304.8	0.0222	get 0.0028% / 1h	2m 10s	$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 +0.049%Rate

Funding earned: $1.43
Price spread: +0.049% → +0.045%: $0.41
Slippage, 4 orders: −$5.76
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$18.92
Costs to cover: 0.208%
Break-even: 99.8 days

Slippage from Deribit: live order book, 37 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, 37 min ago	0.12 bp	3.6 bp −$4	4.8 bp −$48	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 2 min ago	0.12 bp	4.6 bp −$5	4.9 bp −$49	5.7 bp −$568	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
SunX XAU-USDT	0.0000%	4h	4,308	+0.123%	$92K	$7.0M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,300.6	−0.049%	$268K	—	250x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+1.109%	$619	$54	52x	as long as short
QFEX GOLD-USD	+0.0045%	1h	4,304.6	+0.044%	$6.6M	$3.1M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,337.1	+0.799%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,301.1	−0.037%	$289.7M	$53.0M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,301	−0.040%	$15.0M	$55.3M	25x	as long as short
Aster XAUUSD1	+0.0057%	4h	4,305.6	+0.067%	$72.8M	$272.1M	20x	as long as short
Paradex XAU-USD-PERP	+0.0062%	8h	4,304.3	+0.038%	$2K	$14K	5x	as long as short
Bybit XAUUSDT	+0.0071%	4h	4,305	+0.054%	$77.3M	$156.2M	150x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XAU	+0.0072%	1h	4,303.4	+0.015%	$20.2M	$30.3M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,299.6	−0.072%	$2.0M	$5.1M	25x	as long as short
Bluefin GOLD-PERP	+0.0093%	1h	4,300.5	−0.052%	$25K	$1K	20x	as long as short
Extended XAU-USD	+0.0096%	1h	4,300.5	−0.052%	$13.1M	$36.7M	25x	as long as short
Phoenix GOLD	+0.0096%	1h	4,305.5	+0.065%	$42K	$79K	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,301.5	−0.028%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,304	+0.029%	$269K	$214K	50x	as long as short
Kalshi KXGOLDPERP	+0.0101%	24h	4,307.1	+0.102%	$3.6M	$45.6M	15x	as long as short
Variational Omni XAU	+0.0101%	4h	4,306.5	+0.089%	$46.7M	$29.3M	—	as long as short
Lighter RH XAU	+0.0104%	1h	4,305.5	+0.066%	$19.9M	$40.4M	25x	as long as short
MEXC XAU_USDT	+0.0110%	4h	4,304.1	+0.032%	$362.3M	$344.1M	1000x	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,304	+0.029%	$159K	$87	10x	as long as short
Binance XAUUSDT	+0.0113%	4h	4,304.2	+0.034%	$428.7M	$2.18B	100x	as long as short
GRVT XAU_USDT_Perp	+0.0114%	4h	4,308	+0.123%	$1.4M	$3.0M	25x	as long as short
Gate XAU_USDT	+0.0118%	4h	4,306.6	+0.090%	$286.1M	$433.6M	100x	as long as short
Hotstuff GOLD-PERP	+0.0120%	1h	4,302.8	+0.002%	$32K	—	25x	as long as short
edgeX XAUUSDC	+0.0130%	4h	4,304.2	+0.034%	$29.9M	$60.3M	50x	as long as short
StandX XAU-USD	+0.0174%	1h	4,310.1	+0.172%	$3.8M	$4.5M	40x	as long as short
Bitget XAUUSDT	+0.0192%	4h	4,304.5	+0.042%	$70.7M	$122.1M	100x	as long as short
Bullet GOLD-USD	+0.0198%	1h	4,304.4	+0.040%	$59K	$81K	10x	as long as short
Deribit GOLD_USDC-PERPETUALlong	+0.0215%	1h	4,302.7	long leg	$136K	$866K	25x
Polymarket Perps GOLD-USDshort	+0.0222%	1h	4,304.8	+0.049%	$4.3M	$1.8M	20x
Kraken Futures PF_XAUUSD	+0.0229%	1h	4,301.8	−0.021%	$572K	$138K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0258%	8h	4,304.1	+0.033%	$172.2M	$313.9M	100x	as long as short
BloFin XAU-USDT	+0.0373%	4h	4,307.1	+0.101%	$16.6M	$4.9M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0464% / S −0.0311%	1h	4,304.2	+0.034%	$253K	—	111x	as long as short
Phemex XAUUSDT	+0.0504%	4h	4,309	+0.146%	$2.2M	$950K	100x	as long as short
HTX XAU-USDT	+0.0550%	4h	4,311.2	+0.197%	$3.2M	$6.2M	75x	as long as short
RISEx XAU/USDC	+0.0643%	1h	4,304.3	+0.036%	$4.5M	$13.1M	25x	as long as short