XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0152%/8h= −16.7% APRnext payment −$0.19 per $10,000 · paid last 24h −0.016%

Price spread now: Coinbase International against Polymarket Perps−0.108%7-day average −0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs+$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$210.214% of the position

Long on Polymarket Perps Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.413%+$41 on $10k

Price spread, last 4 days (all we have)+0.119%+$12 · spread now −0.108%, 7d avg −0.033%

Together, before fees+0.531%+$53 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Coinbase International is 0.075% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.033%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.413%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps GOLD-USD	4,344	0.0208	pay 0.0026% / 1h	13m 52s	$4.3M	$2.0M	20x
Short	Coinbase International GOLD-PERP-INTX	4,339.3	0.0056	get 0.0007% / 1h	13m 52s	$2.1M	$4.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.108%Rate

Funding earned: −$31.97
Price spread: −0.108% → −0.033%: −$7.48
Slippage, 4 orders: −$3.44
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$60.9
Costs to cover: 0.214%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 5 min ago; Coinbase International: live order book, 5 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, 5 min ago	0.12 bp	4.1 bp −$4	4.2 bp −$42	6.1 bp −$606	doesn't fit
Sell Coinbase International live order book, 5 min ago	0.12 bp	5.3 bp −$5	6.3 bp −$63	doesn't fit	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	4,348.6	+0.106%	$92K	$8.6M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,340.3	−0.086%	$272K	—	250x	as long as short
RISEx XAU/USDC	+0.0005%	1h	4,344.7	+0.016%	$3.8M	$12.5M	25x	as long as short
Bluefin GOLD-PERP	+0.0007%	1h	4,337.5	−0.151%	$25K	$14K	20x	as long as short
Extended XAU-USD	+0.0032%	1h	4,340.4	−0.083%	$13.3M	$37.2M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.148%	$619	$54	52x	as long as short
Hotstuff GOLD-PERP	+0.0040%	1h	4,340.6	−0.078%	$33K	—	25x	as long as short
StandX XAU-USD	+0.0040%	1h	4,345.1	+0.025%	$3.8M	$4.5M	40x	as long as short
Bybit XAUUSDT	+0.0041%	4h	4,345.4	+0.032%	$79.9M	$152.1M	150x	as long as short
QFEX GOLD-USD	+0.0042%	1h	4,344	0.000%	$5.6M	$2.1M	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest GC-PERP	+0.0046%	1h	4,376.9	+0.757%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,341.2	−0.064%	$293.7M	$49.2M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,341.6	−0.055%	$15.0M	$56.9M	25x	as long as short
Kalshi KXGOLDPERP	+0.0051%	24h	4,341.9	−0.048%	$4.3M	$37.4M	15x	as long as short
Lighter XAU	+0.0056%	1h	4,343.4	−0.013%	$20.7M	$34.7M	25x	as long as short
Coinbase International GOLD-PERP-INTXshort	+0.0056%	1h	4,339.3	−0.108%	$2.1M	$4.7M	25x
Paradex XAU-USD-PERP	+0.0062%	8h	4,343.9	−0.001%	$19K	$5K	5x	as long as short
Gate XAU_USDT	+0.0076%	4h	4,345.7	+0.039%	$268.3M	$418.4M	100x	as long as short
Lighter RH XAU	+0.0080%	1h	4,345.8	+0.042%	$20.2M	$40.1M	25x	as long as short
Aster XAUUSD1	+0.0095%	4h	4,346	+0.046%	$71.5M	$331.7M	20x	as long as short
Pacifica XAU	+0.0100%	1h	4,340.4	−0.082%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,340.8	−0.073%	$274K	$203K	50x	as long as short
Variational Omni XAU	+0.0107%	4h	4,343.1	−0.022%	$48.4M	$27.5M	—	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,343.5	−0.011%	$161K	$87	10x	as long as short
MEXC XAU_USDT	+0.0118%	4h	4,344.4	+0.010%	$371.6M	$320.9M	1000x	as long as short
Binance XAUUSDT	+0.0120%	4h	4,344.5	+0.010%	$418.7M	$2.09B	100x	as long as short
Phoenix GOLD	+0.0136%	1h	4,340.9	−0.071%	$47K	$77K	25x	as long as short
edgeX XAUUSDC	+0.0136%	4h	4,340.1	−0.090%	$30.2M	$58.3M	50x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0165%	1h	4,343	−0.023%	$205K	$825K	25x	as long as short
GRVT XAU_USDT_Perp	+0.0172%	4h	4,344.3	+0.007%	$1.4M	$2.9M	25x	as long as short
Phemex XAUUSDT	+0.0182%	4h	4,347	+0.070%	$2.2M	$967K	100x	as long as short
Polymarket Perps GOLD-USDlong	+0.0208%	1h	4,344	long leg	$4.3M	$2.0M	20x
Bullet GOLD-USD	+0.0210%	1h	4,344.5	+0.012%	$59K	$82K	10x	as long as short
Kraken Futures PF_XAUUSD	+0.0259%	1h	4,341	−0.069%	$592K	$132K	25x	as long as short
Bitget XAUUSDT	+0.0270%	4h	4,345	+0.023%	$71.1M	$109.3M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0327%	8h	4,345.4	+0.032%	$167.2M	$282.7M	100x	as long as short
BloFin XAU-USDT	+0.0359%	4h	4,344.1	+0.002%	$15.7M	$4.4M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0428% / S −0.0252%	1h	4,344.4	+0.010%	$250K	—	111x	as long as short
HTX XAU-USDT	+0.0488%	4h	4,346.8	+0.064%	$2.8M	$4.6M	75x	as long as short