Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0092%/8h= +10.1% APRpaid last 24h +0.032%

Price spread now: Polymarket Perps against Gate−0.045%7-day average −0.106% · you buy dearer than you sell

Net, funding: paid 7d − costs−$16as in the Funding arb table

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$240.239% of the position

Long on Gate Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.083%+$8 on $10k

Price spread, last 7 days−0.068%−$7 · spread now −0.045%, 7d avg −0.106%

Together, before fees+0.015%+$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Polymarket Perps is 0.062% dearer against Gate than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.106%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XAU_USDT	4,351.7	0.0076	pay 0.0038% / 4h	2h 47m	$271.8M	$397.3M	100x
Short	Polymarket Perps GOLD-USD	4,349.8	0.0168	get 0.0021% / 1h	47m 00s	$4.3M	$2.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Gate. 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 GatebpFee Polymarket PerpsbpOrdersPrice spread, now −0.045%Rate

Funding earned: $19.35
Price spread: −0.045% → −0.106%: $6.17
Slippage, 4 orders: −$0.89
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: $1.64
Costs to cover: 0.239%
Break-even: 6.4 days

Slippage from Gate: live order book, 2 min ago; Polymarket Perps: live order book, 7 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 Gate live order book, 2 min ago	0.01 bp	7.5 bp −$8	8.6 bp −$86	12.6 bp −$1,257	14.2 bp −$7,104
Sell Polymarket Perps live order book, 7 min ago	0.12 bp	4.7 bp −$5	5.1 bp −$51	5.9 bp −$588	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	−0.0057%	1h	4,344.6	−0.165%	$25K	$14K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,354.3	+0.060%	$93K	$8.5M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,346.6	−0.118%	$272K	—	250x	as long as short
Hotstuff GOLD-PERP	+0.0024%	1h	4,346.7	−0.116%	$33K	—	25x	as long as short
Extended XAU-USD	+0.0032%	1h	4,346.6	−0.118%	$13.2M	$37.3M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.030%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,351.5	−0.006%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0044%	1h	4,348.9	−0.065%	$5.5M	$2.1M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,383.3	+0.725%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,346.9	−0.111%	$293.7M	$49.5M	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	4,346.7	−0.115%	$15.1M	$56.7M	25x	as long as short
RISEx XAU/USDC	+0.0054%	1h	4,350.8	−0.022%	$3.7M	$12.6M	25x	as long as short
Kalshi KXGOLDPERP	+0.0054%	24h	4,349	−0.063%	$4.2M	$39.3M	15x	as long as short
Lighter XAU	+0.0056%	1h	4,349.5	−0.052%	$20.7M	$30.4M	25x	as long as short
Bybit XAUUSDT	+0.0066%	4h	4,351.5	−0.005%	$80.2M	$151.7M	150x	as long as short
Paradex XAU-USD-PERP	+0.0070%	8h	4,350.4	−0.032%	$19K	$5K	5x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,346.9	−0.111%	$2.1M	$4.7M	25x	as long as short
Gate XAU_USDTlong	+0.0076%	4h	4,351.7	long leg	$271.8M	$397.3M	100x
Pacifica XAU	+0.0100%	1h	4,346.4	−0.122%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,346.9	−0.111%	$277K	$204K	50x	as long as short
Lighter RH XAU	+0.0104%	1h	4,351.9	+0.005%	$20.1M	$38.1M	25x	as long as short
Aster XAUUSD1	+0.0107%	4h	4,352.4	+0.015%	$71.6M	$331.2M	20x	as long as short
Variational Omni XAU	+0.0108%	4h	4,349.5	−0.052%	$48.5M	$27.6M	—	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,349.8	−0.044%	$161K	$87	10x	as long as short
MEXC XAU_USDT	+0.0118%	4h	4,350.4	−0.030%	$370.4M	$317.9M	1000x	as long as short
Binance XAUUSDT	+0.0119%	4h	4,350.4	−0.031%	$419.5M	$2.09B	100x	as long as short
GRVT XAU_USDT_Perp	+0.0124%	4h	4,350	−0.039%	$1.4M	$2.9M	25x	as long as short
Phoenix GOLD	+0.0127%	1h	4,347.7	−0.093%	$47K	$77K	25x	as long as short
edgeX XAUUSDC	+0.0132%	4h	4,345.7	−0.139%	$30.2M	$58.1M	50x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0141%	1h	4,349.3	−0.056%	$203K	$822K	25x	as long as short
Bullet GOLD-USD	+0.0157%	1h	4,350.2	−0.035%	$59K	$82K	10x	as long as short
Polymarket Perps GOLD-USDshort	+0.0168%	1h	4,349.8	−0.045%	$4.3M	$2.0M	20x
Phemex XAUUSDT	+0.0205%	4h	4,352.9	+0.027%	$2.2M	$967K	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0246%	1h	4,347.4	−0.101%	$591K	$128K	25x	as long as short
HTX XAU-USDT	+0.0275%	4h	4,352.4	+0.014%	$2.8M	$4.6M	75x	as long as short
Bitget XAUUSDT	+0.0280%	4h	4,350.9	−0.020%	$71.5M	$108.0M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0336%	8h	4,351.5	−0.006%	$168.1M	$282.2M	100x	as long as short
BloFin XAU-USDT	+0.0371%	4h	4,349.2	−0.057%	$15.8M	$4.4M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0427% / S −0.0252%	1h	4,350.2	−0.036%	$251K	—	111x	as long as short