Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0086%/8hnext payment −$0.11 per $10,000 · paid last 24h −0.017%

Price spread now: Extended against Polymarket Perps−0.096%7-day average −0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$140.141% of the position

Long on Polymarket Perps Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.043%−$4 on $10k

Price spread, last 7 days+0.092%+$9 · spread now −0.096%, 7d avg −0.010%

Together, before fees+0.049%+ Points / potential airdropExtended: Active · farm board+$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Extended is 0.087% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.010%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps GOLD-USD	4,356.8	0.0198	pay 0.0025% / 1h	23m 22s	$4.4M	$2.3M	20x
Short	Extended XAU-USD	4,352.6	0.0112	get 0.0014% / 1h	23m 22s	$13.2M	$51.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.096%Rate

Funding earned: −$17.98
Price spread: −0.096% → −0.010%: −$8.69
Slippage, 4 orders: −$1.13
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$40.79
Costs to cover: 0.141%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 5 min ago; Extended: 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	4.1 bp −$41	5.3 bp −$529	doesn't fit
Sell Extended live order book, 5 min ago	0.12 bp	2.6 bp −$3	3.3 bp −$33	6.9 bp −$695	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	4,360.3	+0.079%	$93K	$11.0M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,352.5	−0.100%	$267K	—	250x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.146%	$619	$54	52x	as long as short
Kalshi KXGOLDPERP	+0.0034%	24h	4,352.8	−0.092%	$4.2M	$30.9M	15x	as long as short
StandX XAU-USD	+0.0040%	1h	4,356.2	−0.014%	$3.8M	$4.4M	40x	as long as short
Vest GC-PERP	+0.0046%	1h	4,390.9	+0.783%	—	$995K	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,353.5	−0.076%	$294.1M	$51.5M	25x	as long as short
QFEX GOLD-USD	+0.0050%	1h	4,355.1	−0.039%	$5.5M	$1.8M	20x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,351.7	−0.118%	$14.9M	$51.2M	25x	as long as short
Gate XAU_USDT	+0.0068%	4h	4,358.1	+0.030%	$273.6M	$406.3M	100x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex XAU-USD-PERP	+0.0069%	8h	4,356.6	−0.006%	$19K	$6K	5x	as long as short
Lighter XAU	+0.0072%	1h	4,356.1	−0.017%	$20.8M	$46.2M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,353.6	−0.073%	$2.0M	$5.2M	25x	as long as short
RISEx XAU/USDC	+0.0100%	1h	4,356.4	−0.009%	$3.6M	$12.3M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,353.5	−0.076%	$1.4M	$1.3M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,352	−0.111%	$273K	$203K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,352.4	−0.101%	$26K	$21K	20x	as long as short
Hotstuff GOLD-PERP	+0.0104%	1h	4,353.6	−0.073%	$33K	—	25x	as long as short
Extended XAU-USDshort	+0.0112%	1h	4,352.6	−0.096%	$13.2M	$51.2M	25x
Aevo XAU-PERP	+0.0112%	1h	4,356	−0.019%	$161K	$87	10x	as long as short
Bullet GOLD-USD	+0.0113%	1h	4,356.1	−0.015%	$59K	$77K	10x	as long as short
Variational Omni XAU	+0.0134%	4h	4,355.3	−0.034%	$47.7M	$34.5M	—	as long as short
MEXC XAU_USDT	+0.0138%	4h	4,356	−0.018%	$379.2M	$334.4M	1000x	as long as short
Binance XAUUSDT	+0.0140%	4h	4,355.8	−0.023%	$415.3M	$2.07B	100x	as long as short
Aster XAUUSD1	+0.0148%	4h	4,356.2	−0.014%	$70.2M	$240.4M	20x	as long as short
Phoenix GOLD	+0.0151%	1h	4,353.7	−0.071%	$43K	$64K	25x	as long as short
GRVT XAU_USDT_Perp	+0.0156%	4h	4,356	−0.018%	$1.4M	$3.4M	25x	as long as short
edgeX XAUUSDC	+0.0156%	4h	4,352	−0.111%	$30.3M	$56.7M	50x	as long as short
Lighter RH XAU	+0.0160%	1h	4,358.9	+0.049%	$20.4M	$44.8M	25x	as long as short
Bybit XAUUSDT	+0.0172%	4h	4,356.9	+0.002%	$84.1M	$140.1M	150x	as long as short
Polymarket Perps GOLD-USDlong	+0.0198%	1h	4,356.8	long leg	$4.4M	$2.3M	20x
Deribit GOLD_USDC-PERPETUAL	+0.0232%	1h	4,354.8	−0.046%	$222K	$959K	25x	as long as short
Bitget XAUUSDT	+0.0268%	4h	4,355.9	−0.020%	$69.0M	$109.3M	100x	as long as short
HTX XAU-USDT	+0.0286%	4h	4,358.3	+0.035%	$2.8M	$3.6M	75x	as long as short
OKX XAU-USDT-SWAP	+0.0312%	8h	4,357.5	+0.016%	$158.1M	$268.9M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0328%	1h	4,354.2	−0.060%	$588K	$108K	25x	as long as short
Phemex XAUUSDT	+0.0339%	4h	4,358.8	+0.046%	$2.2M	$1.1M	100x	as long as short
BloFin XAU-USDT	+0.0380%	4h	4,356	−0.020%	$14.9M	$4.2M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0457% / S −0.0290%	1h	4,356.1	−0.017%	$251K	—	111x	as long as short