XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0201%/8h= +22.0% APRnext payment +$0.25 per $10,000 · paid last 24h +0.042%

Price spread now: Polymarket Perps against gTrade (Gains Network)+0.084%7-day average +0.071% · 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−$274as in the Price arb table

costs, in and out, $10k−$2762.756% of the position

Long on gTrade (Gains Network)Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.077%+$8 on $10k

Price spread, last 4 days (all we have)−0.123%−$12 · spread now +0.084%, 7d avg +0.071%

Together, before fees−0.046%−$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.071%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) XAU/USD	4,342.1	L +0.0002% / S −0.0003%	pay 0.0000% / 1h	4m 53s	$272K	—	250x
Short	Polymarket Perps GOLD-USD	4,345.8	0.0203	get 0.0025% / 1h	4m 53s	$4.2M	$2.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee Polymarket PerpsbpOrdersPrice spread, now +0.084%Rate

Funding earned: $42.22
Price spread: +0.084% → +0.071%: $1.36
Slippage, 4 orders: −$260.59
Fee gTrade (Gains Network): 3.5 bp × 2 orders: −$7
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$232.01
Costs to cover: 2.756%
Break-even: 45.5 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 14 min ago; Polymarket Perps: live order book, 4 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 gTrade (Gains Network) virtual book (oracle venue), 14 min ago	130.01 bp	133.5 bp −$134	196.7 bp −$1,967	1352.9 bp −$135.3K	5907.8 bp −$2.95M
Sell Polymarket Perps live order book, 4 min ago	0.12 bp	4.1 bp −$4	5.2 bp −$52	6.0 bp −$604	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
Bluefin GOLD-PERP	−0.0010%	1h	4,339.5	−0.061%	$25K	$14K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,350.6	+0.195%	$92K	$8.6M	20x	as long as short
gTrade (Gains Network) XAU/USDlong	L +0.0002% / S −0.0003%	1h	4,342.1	long leg	$272K	—	250x
RISEx XAU/USDC	+0.0005%	1h	4,346.6	+0.103%	$3.7M	$12.5M	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,342.4	+0.007%	$13.2M	$37.2M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.191%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,346.1	+0.091%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0042%	1h	4,345.1	+0.068%	$5.6M	$2.1M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,378.6	+0.840%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,342.7	+0.013%	$293.8M	$49.1M	25x	as long as short

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	4,342.9	+0.018%	$15.0M	$56.8M	25x	as long as short
Kalshi KXGOLDPERP	+0.0052%	24h	4,344.8	+0.061%	$4.2M	$39.3M	15x	as long as short
Bybit XAUUSDT	+0.0055%	4h	4,347.9	+0.133%	$80.1M	$152.0M	150x	as long as short
Lighter XAU	+0.0056%	1h	4,345.3	+0.072%	$20.7M	$34.8M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0056%	1h	4,341.7	−0.010%	$2.1M	$4.7M	25x	as long as short
Gate XAU_USDT	+0.0062%	4h	4,348.2	+0.139%	$268.4M	$419.1M	100x	as long as short
Paradex XAU-USD-PERP	+0.0067%	8h	4,345.7	+0.083%	$19K	$5K	5x	as long as short
Hotstuff GOLD-PERP	+0.0072%	1h	4,342.6	+0.011%	$33K	—	25x	as long as short
Lighter RH XAU	+0.0080%	1h	4,347.8	+0.130%	$20.2M	$40.2M	25x	as long as short
Aster XAUUSD1	+0.0098%	4h	4,346.5	+0.100%	$71.5M	$331.5M	20x	as long as short
Pacifica XAU	+0.0100%	1h	4,342.4	+0.006%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,341.7	−0.010%	$274K	$203K	50x	as long as short
Variational Omni XAU	+0.0105%	4h	4,345.4	+0.074%	$48.3M	$27.6M	—	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,345.1	+0.069%	$161K	$87	10x	as long as short
MEXC XAU_USDT	+0.0118%	4h	4,346.9	+0.109%	$370.4M	$321.8M	1000x	as long as short
Binance XAUUSDT	+0.0120%	4h	4,346.9	+0.109%	$418.9M	$2.09B	100x	as long as short
edgeX XAUUSDC	+0.0135%	4h	4,340	−0.048%	$30.2M	$57.9M	50x	as long as short
Phoenix GOLD	+0.0136%	1h	4,341.7	−0.010%	$47K	$77K	25x	as long as short
GRVT XAU_USDT_Perp	+0.0148%	4h	4,345.6	+0.080%	$1.4M	$2.9M	25x	as long as short
Phemex XAUUSDT	+0.0199%	4h	4,349.1	+0.160%	$2.2M	$967K	100x	as long as short
Polymarket Perps GOLD-USDshort	+0.0203%	1h	4,345.8	+0.084%	$4.2M	$2.0M	20x
Bullet GOLD-USD	+0.0206%	1h	4,346.2	+0.093%	$59K	$82K	10x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0211%	1h	4,344.4	+0.052%	$204K	$826K	25x	as long as short
Kraken Futures PF_XAUUSD	+0.0259%	1h	4,343	+0.020%	$590K	$135K	25x	as long as short
Bitget XAUUSDT	+0.0274%	4h	4,347	+0.112%	$71.1M	$108.8M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0330%	8h	4,347.9	+0.133%	$167.2M	$283.2M	100x	as long as short
BloFin XAU-USDT	+0.0360%	4h	4,346.2	+0.093%	$15.8M	$4.4M	100x	as long as short
HTX XAU-USDT	+0.0396%	4h	4,347.9	+0.133%	$2.8M	$4.6M	75x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0428% / S −0.0252%	1h	4,346.2	+0.093%	$250K	—	111x	as long as short