XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0014%/8h= +1.6% APRnext payment +$0.02 per $10,000 · paid last 24h +0.028%

Price spread now: Deribit against Polymarket Perps−0.044%7-day average −0.045% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

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

Long on Polymarket Perps Short on Deribit

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)+0.002%$0 · spread now −0.044%, 7d avg −0.045%

Together, before fees+0.701%+$70 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.045%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps GOLD-USD	4,317.7	0.0222	pay 0.0028% / 1h	10m 05s	$4.3M	$1.8M	20x
Short	Deribit GOLD_USDC-PERPETUAL	4,315.8	0.0237	get 0.0030% / 1h	10m 05s	$160K	$877K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.044%Rate

Funding earned: $3.05
Price spread: −0.044% → −0.045%: $0.07
Slippage, 4 orders: −$7.28
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$19.16
Costs to cover: 0.223%
Break-even: 51.1 days

Slippage from Polymarket Perps: live order book, 4 min ago; Deribit: live order book, 29 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, 4 min ago	1.04 bp	5.0 bp −$5	5.2 bp −$52	6.0 bp −$602	doesn't fit
Sell Deribit live order book, 29 min ago	0.12 bp	8.4 bp −$8	9.4 bp −$94	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	4,320.5	+0.066%	$92K	$7.0M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,313	−0.110%	$269K	—	250x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.758%	$619	$54	52x	as long as short
QFEX GOLD-USD	+0.0045%	1h	4,315.8	−0.044%	$5.4M	$2.7M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,349.5	+0.737%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,312.5	−0.120%	$290.6M	$51.8M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,313.8	−0.090%	$15.0M	$55.4M	25x	as long as short
Bluefin GOLD-PERP	+0.0055%	1h	4,311	−0.154%	$25K	$1K	20x	as long as short
Aster XAUUSD1	+0.0058%	4h	4,316.7	−0.023%	$73.0M	$271.8M	20x	as long as short
Paradex XAU-USD-PERP	+0.0063%	8h	4,315.9	−0.041%	$2K	$14K	5x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit XAUUSDT	+0.0069%	4h	4,315.4	−0.054%	$77.8M	$153.7M	150x	as long as short
Lighter XAU	+0.0072%	1h	4,315.8	−0.045%	$20.3M	$30.1M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,312.8	−0.113%	$2.0M	$5.1M	25x	as long as short
StandX XAU-USD	+0.0096%	1h	4,319.8	+0.049%	$3.8M	$4.5M	40x	as long as short
Hotstuff GOLD-PERP	+0.0096%	1h	4,313	−0.109%	$32K	—	25x	as long as short
Phoenix GOLD	+0.0096%	1h	4,315.7	−0.046%	$42K	$79K	25x	as long as short
Kalshi KXGOLDPERP	+0.0098%	24h	4,318.2	+0.012%	$3.6M	$45.0M	15x	as long as short
Variational Omni XAU	+0.0100%	4h	4,316.5	−0.029%	$47.1M	$29.0M	—	as long as short
Pacifica XAU	+0.0100%	1h	4,313.4	−0.100%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,315.6	−0.050%	$272K	$209K	50x	as long as short
Lighter RH XAU	+0.0104%	1h	4,318.2	+0.012%	$19.9M	$40.1M	25x	as long as short
Extended XAU-USD	+0.0104%	1h	4,311.6	−0.141%	$13.2M	$36.7M	25x	as long as short
MEXC XAU_USDT	+0.0110%	4h	4,316.5	−0.029%	$363.2M	$336.1M	1000x	as long as short
Binance XAUUSDT	+0.0110%	4h	4,315.2	−0.057%	$429.4M	$2.14B	100x	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,316.4	−0.030%	$160K	$87	10x	as long as short
edgeX XAUUSDC	+0.0112%	4h	4,309.9	−0.180%	$30.0M	$60.5M	50x	as long as short
GRVT XAU_USDT_Perp	+0.0114%	4h	4,319.3	+0.038%	$1.4M	$3.0M	25x	as long as short
Gate XAU_USDT	+0.0116%	4h	4,317.7	0.000%	$287.7M	$427.8M	100x	as long as short
Bitget XAUUSDT	+0.0192%	4h	4,314.5	−0.073%	$70.5M	$120.1M	100x	as long as short
Bullet GOLD-USD	+0.0201%	1h	4,316.9	−0.019%	$59K	$81K	10x	as long as short
Polymarket Perps GOLD-USDlong	+0.0222%	1h	4,317.7	long leg	$4.3M	$1.8M	20x
Kraken Futures PF_XAUUSD	+0.0228%	1h	4,314.1	−0.082%	$574K	$138K	25x	as long as short
Deribit GOLD_USDC-PERPETUALshort	+0.0237%	1h	4,315.8	−0.044%	$160K	$877K	25x
OKX XAU-USDT-SWAP	+0.0266%	8h	4,315.2	−0.058%	$175.2M	$302.9M	100x	as long as short
BloFin XAU-USDT	+0.0351%	4h	4,317.1	−0.014%	$16.6M	$4.9M	100x	as long as short
Phemex XAUUSDT	+0.0414%	4h	4,319.3	+0.037%	$2.2M	$949K	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0466% / S −0.0312%	1h	4,316.5	−0.028%	$254K	—	111x	as long as short
HTX XAU-USDT	+0.0529%	4h	4,323.7	+0.139%	$3.2M	$6.0M	75x	as long as short
RISEx XAU/USDC	+0.0643%	1h	4,316.9	−0.018%	$4.5M	$13.2M	25x	as long as short