Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0217%/8h= +23.8% APRpaid last 24h +0.057%

Price spread now: BloFin against Polymarket Perps−0.004%7-day average +0.067% · 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−$29as in the Price arb table

costs, in and out, $10k−$220.223% of the position

Long on Polymarket Perps Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.379%+$38 on $10k

Price spread, last 4 days (all we have)+0.150%+$15 · spread now −0.004%, 7d avg +0.067%

Together, before fees+0.529%+$53 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.071% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread −0.004% now, against its 7-day average of +0.067%). If the spread goes back, that is −$7 on $10k: about 26 hours of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps GOLD-USD	4,323.5	0.0136	pay 0.0017% / 1h	15m 14s	$4.3M	$1.7M	20x
Short	BloFin XAU-USDT	4,323.3	0.0353	get 0.0177% / 4h	2h 15m	$16.2M	$5.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Polymarket Perps. 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 Polymarket PerpsbpFee BloFinbpOrdersPrice spread, now −0.004%Rate

Funding earned: $45.66
Price spread: −0.004% → +0.067%: −$7.09
Slippage, 4 orders: −$2.32
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: $16.26
Costs to cover: 0.223%
Break-even: 4.5 days

Slippage from Polymarket Perps: live order book, 2 min ago; BloFin: 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 Polymarket Perps live order book, 2 min ago	0.93 bp	5.4 bp −$5	5.4 bp −$54	6.2 bp −$616	doesn't fit
Sell BloFin live order book, 7 min ago	0.01 bp	6.0 bp −$6	6.0 bp −$60	7.8 bp −$784	doesn't fit

XAU on 39 exchanges

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	4,327.7	+0.096%	$92K	$6.1M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,318.9	−0.107%	$274K	—	250x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0024%	1h	4,319.9	−0.083%	$2.0M	$5.1M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.623%	$619	$54	52x	as long as short
QFEX GOLD-USD	+0.0038%	1h	4,322.8	−0.016%	$6.7M	$3.2M	20x	as long as short
Hotstuff GOLD-PERP	+0.0040%	1h	4,320.9	−0.060%	$32K	—	25x	as long as short
StandX XAU-USD	+0.0040%	1h	4,323.1	−0.009%	$3.8M	$4.5M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,356.3	+0.759%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,320.4	−0.072%	$291.7M	$52.7M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,320.3	−0.074%	$15.0M	$57.5M	25x	as long as short

Show all 39 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex XAU-USD-PERP	+0.0055%	8h	4,323.4	−0.002%	$2K	$13K	5x	as long as short
RISEx XAU/USDC	+0.0056%	1h	4,324.5	+0.023%	$4.7M	$13.5M	25x	as long as short
Aster XAUUSD1	+0.0069%	4h	4,325.3	+0.042%	$73.6M	$274.4M	20x	as long as short
Phoenix GOLD	+0.0076%	1h	4,318.8	−0.109%	$43K	$72K	25x	as long as short
Gate XAU_USDT	+0.0086%	4h	4,325.4	+0.045%	$300.7M	$445.3M	100x	as long as short
Variational Omni XAU	+0.0090%	4h	4,322.8	−0.016%	$47.1M	$29.3M	—	as long as short
Lighter XAU	+0.0096%	1h	4,322.5	−0.022%	$20.2M	$30.0M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,319.7	−0.089%	$1.4M	$1.3M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,319.4	−0.096%	$283K	$223K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,317.9	−0.131%	$25K	$1K	20x	as long as short
MEXC XAU_USDT	+0.0112%	4h	4,323.3	−0.005%	$359.0M	$360.3M	1000x	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,322.6	−0.021%	$160K	$87	10x	as long as short
Binance XAUUSDT	+0.0113%	4h	4,323.3	−0.005%	$440.3M	$2.37B	100x	as long as short
GRVT XAU_USDT_Perp	+0.0114%	4h	4,321.4	−0.049%	$1.4M	$3.0M	25x	as long as short
Bybit XAUUSDT	+0.0116%	4h	4,324.4	+0.021%	$80.6M	$170.9M	150x	as long as short
edgeX XAUUSDC	+0.0118%	4h	4,316.6	−0.159%	$30.2M	$66.4M	50x	as long as short
Kalshi KXGOLDPERP	+0.0131%	24h	4,325	+0.035%	$3.5M	$49.7M	15x	as long as short
Polymarket Perps GOLD-USDlong	+0.0136%	1h	4,323.5	long leg	$4.3M	$1.7M	20x
Extended XAU-USD	+0.0144%	1h	4,319.4	−0.096%	$12.7M	$34.9M	25x	as long as short
Lighter RH XAU	+0.0152%	1h	4,325.4	+0.043%	$19.8M	$40.4M	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0167%	1h	4,321.4	−0.049%	$135K	$788K	25x	as long as short
Bullet GOLD-USD	+0.0200%	1h	4,323.5	0.000%	$59K	$76K	10x	as long as short
Bitget XAUUSDT	+0.0212%	4h	4,323.6	+0.001%	$74.0M	$134.2M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0244%	8h	4,324.7	+0.028%	$170.6M	$353.8M	100x	as long as short
BloFin XAU-USDTshort	+0.0353%	4h	4,323.3	−0.004%	$16.2M	$5.3M	100x
Kraken Futures PF_XAUUSD	+0.0412%	1h	4,320.3	−0.074%	$581K	$165K	25x	as long as short
Phemex XAUUSDT	+0.0415%	4h	4,325.5	+0.045%	$2.2M	$783K	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0458% / S −0.0306%	1h	4,324.1	+0.014%	$252K	—	111x	as long as short
HTX XAU-USDT	+0.1127%	4h	4,331.3	+0.181%	$3.2M	$7.0M	75x	as long as short