Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0131%/8h= −14.4% APRpaid last 24h −0.015%

Price spread now: edgeX against Polymarket Perps−0.040%7-day average −0.031% · you buy dearer than you sell

Net, funding: paid 7d − costs−$15as in the Funding arb table

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$200.198% of the position

Long on Polymarket Perps Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.051%+$5 on $10k

Price spread, last 7 days+0.076%+$8 · spread now −0.040%, 7d avg −0.031%

Together, before fees+0.127%+ Points / potential airdropedgeX: Active · farm board+$13 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.031%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.051%, 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	4,325.1	0.0220	pay 0.0028% / 1h	57m 30s	$4.3M	$1.7M	20x
Short	edgeX XAUUSDC	4,323.4	0.0089	get 0.0045% / 4h	57m 30s	$30.2M	$66.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.040%Rate

Funding earned: −$27.54
Price spread: −0.040% → −0.031%: −$0.82
Slippage, 4 orders: −$2.76
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$48.12
Costs to cover: 0.198%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 5 min ago; edgeX: 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	1.04 bp	5.0 bp −$5	5.0 bp −$50	5.9 bp −$589	doesn't fit
Sell edgeX live order book, 5 min ago	0.12 bp	4.8 bp −$5	5.0 bp −$50	8.2 bp −$822	39.2 bp −$19.6K

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
Hotstuff GOLD-PERP	−0.0096%	1h	4,321.9	−0.074%	$35K	$3K	25x	as long as short
Coinbase International GOLD-PERP-INTX	−0.0032%	1h	4,321.5	−0.083%	$2.1M	$5.0M	25x	as long as short
SunX XAU-USDT	0.0000%	4h	4,329.7	+0.107%	$92K	$5.6M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0002%	1h	4,321.6	−0.080%	$307K	—	250x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.585%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,326.5	+0.032%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0042%	1h	4,323.7	−0.032%	$6.7M	$3.3M	20x	as long as short
Aster XAUUSD1	+0.0042%	4h	4,326.1	+0.024%	$71.5M	$276.6M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,358.1	+0.763%	—	$1.0M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,320.7	−0.101%	$15.2M	$59.3M	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	4,323.6	−0.034%	$2K	$13K	5x	as long as short
RISEx XAU/USDC	+0.0062%	1h	4,324.5	−0.013%	$4.6M	$13.3M	25x	as long as short
Variational Omni XAU	+0.0066%	4h	4,327.9	+0.064%	$47.2M	$27.9M	—	as long as short
Gate XAU_USDT	+0.0068%	4h	4,326.4	+0.030%	$299.2M	$430.8M	100x	as long as short
Lighter XAU	+0.0080%	1h	4,323.1	−0.047%	$20.1M	$29.9M	25x	as long as short
MEXC XAU_USDT	+0.0080%	4h	4,324.7	−0.010%	$362.4M	$347.7M	1000x	as long as short
Binance XAUUSDT	+0.0081%	4h	4,324.9	−0.004%	$440.9M	$2.42B	100x	as long as short
edgeX XAUUSDCshort	+0.0089%	4h	4,323.4	−0.040%	$30.2M	$66.2M	50x
GRVT XAU_USDT_Perp	+0.0090%	4h	4,329.2	+0.096%	$1.4M	$3.1M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,321.9	−0.074%	$1.4M	$1.4M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,325.8	+0.015%	$287K	$227K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,321.5	−0.083%	$25K	$1K	20x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,324.5	−0.014%	$160K	$87	10x	as long as short
tradeXYZ xyz:GOLD	+0.0106%	1h	4,321.9	−0.074%	$292.0M	$51.9M	25x	as long as short
Phoenix GOLD	+0.0127%	1h	4,327.4	+0.053%	$43K	$71K	25x	as long as short
Lighter RH XAU	+0.0144%	1h	4,326.5	+0.032%	$19.5M	$38.9M	25x	as long as short
Kalshi KXGOLDPERP	+0.0145%	24h	4,326.6	+0.035%	$3.5M	$51.5M	15x	as long as short
Bybit XAUUSDT	+0.0154%	4h	4,326.2	+0.026%	$83.0M	$166.9M	150x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0190%	1h	4,323.7	−0.032%	$135K	$659K	25x	as long as short
Extended XAU-USD	+0.0192%	1h	4,320.1	−0.115%	$12.5M	$34.2M	25x	as long as short
Kraken Futures PF_XAUUSD	+0.0197%	1h	4,322.9	−0.050%	$582K	$166K	25x	as long as short
Bitget XAUUSDT	+0.0198%	4h	4,325.5	+0.008%	$73.0M	$140.3M	100x	as long as short
Phemex XAUUSDT	+0.0201%	4h	4,328.4	+0.076%	$2.3M	$733K	100x	as long as short
Polymarket Perps GOLD-USDlong	+0.0220%	1h	4,325.1	long leg	$4.3M	$1.7M	20x
Bullet GOLD-USD	+0.0225%	1h	4,325.9	+0.018%	$59K	$77K	10x	as long as short
OKX XAU-USDT-SWAP	+0.0226%	8h	4,325.4	+0.007%	$171.0M	$361.6M	100x	as long as short
BloFin XAU-USDT	+0.0322%	4h	4,327.3	+0.050%	$16.5M	$5.2M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0426% / S −0.0258%	1h	4,326	+0.020%	$253K	—	111x	as long as short
HTX XAU-USDT	+0.1028%	4h	4,332.5	+0.170%	$3.2M	$7.1M	75x	as long as short