Funding you earn now, next payment 09:00 UTC−0.0047%/8h= −5.1% APRnext payment −$0.06 per $10,000 · paid last 24h −0.049%
Price spread now: gTrade (Gains Network) against Polymarket Perps−0.022%7-day average −0.073% · 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−$1,326as in the Price arb table
costs, in and out, $10k−$1,33113.307% of the position
Funding, last 4 days (all we have)−0.087%−$9 on $10k
+Price spread, last 4 days (all we have)+0.060%+$6 · spread now −0.022%, 7d avg −0.073%
=The price spread pays, funding is against you. gTrade (Gains Network) is 0.052% dearer against Polymarket Perps than usual: you sell high and buy low (spread −0.022% now, against its 7-day average of −0.073%): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.7 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps GOLD-USD | 4,304.5 | 0.0050 | pay 0.0006% / 1h | 35m 15s | $4.3M | $1.8M | 20x |
| Short | gTrade (Gains Network) XAU/USD | 4,303.6 | L +0.0002% / S −0.0003% | get 0.0000% / 1h | 35m 15s | $278K | — | 250x |
Polymarket Perps GOLD-USD
gTrade (Gains Network) XAU/USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
gTrade (Gains Network) 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$9.8
- Price spread: −0.022% → −0.073%
- $5.16
- Slippage, 4 orders
- −$1,315.69
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee gTrade (Gains Network): 3.5 bp × 2 orders
- −$7
- Net
- −$1,335.33
- Costs to cover
- 13.307%
- Break-even
- never at this rate
Slippage from Polymarket Perps: live order book, 4 min ago; gTrade (Gains Network): virtual book (oracle venue), 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 | 166.20 bp | 230.6 bp −$231 | doesn't fit | doesn't fit | doesn't fit |
| Sell gTrade (Gains Network) virtual book (oracle venue), 29 min ago | 130.01 bp | 133.5 bp −$134 | 243.0 bp −$2,430 | 1975.4 bp −$197.5K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff GOLD-PERP | −0.0032% | 1h | 4,305.5 | +0.023% | $32K | — | 25x | as long as short |
| SunX XAU-USDT | 0.0000% | 4h | 4,311.4 | +0.160% | $92K | $6.8M | 20x | as long as short |
| gTrade (Gains Network) XAU/USDshort | L +0.0002% / S −0.0003% | 1h | 4,303.6 | −0.022% | $278K | — | 250x | |
| GRVT XAU_USDT_Perp | +0.0012% | 4h | 4,308 | +0.082% | $1.4M | $3.0M | 25x | as long as short |
| Injective XAU/USDC PERP | +0.0033% | 1h | 4,350.4 | +1.067% | $619 | $54 | 52x | as long as short |
| StandX XAU-USD | +0.0040% | 1h | 4,306.8 | +0.053% | $3.8M | $4.5M | 40x | as long as short |
| Vest GC-PERP | +0.0046% | 1h | 4,338.7 | +0.795% | — | $1.0M | 25x | as long as short |
| QFEX GOLD-USD | +0.0046% | 1h | 4,306.3 | +0.042% | $6.6M | $3.1M | 20x | as long as short |
| tradeXYZ xyz:GOLD | +0.0050% | 1h | 4,304.1 | −0.009% | $290.9M | $53.9M | 25x | as long as short |
| Polymarket Perps GOLD-USDlong | +0.0050% | 1h | 4,304.5 | long leg | $4.3M | $1.8M | 20x |
Hotstuff GOLD-PERP
SunX XAU-USDT
GRVT XAU_USDT_Perp
Injective XAU/USDC PERP
StandX XAU-USD
Vest GC-PERP
QFEX GOLD-USD
tradeXYZ xyz:GOLDShow all 39 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps XAU-USD.P | +0.0050% | 1h | 4,303.5 | −0.023% | $15.0M | $55.8M | 25x | as long as short |
| Aster XAUUSD1 | +0.0052% | 4h | 4,308.3 | +0.088% | $73.4M | $271.9M | 20x | as long as short |
| Coinbase International GOLD-PERP-INTX | +0.0056% | 1h | 4,303.9 | −0.014% | $2.0M | $5.1M | 25x | as long as short |
| Paradex XAU-USD-PERP | +0.0061% | 8h | 4,306.2 | +0.041% | $2K | $13K | 5x | as long as short |
| Extended XAU-USD | +0.0064% | 1h | 4,303.2 | −0.030% | $13.1M | $36.2M | 25x | as long as short |
| Lighter XAU | +0.0080% | 1h | 4,306.2 | +0.040% | $20.3M | $28.9M | 25x | as long as short |
| Variational Omni XAU | +0.0089% | 4h | 4,305.9 | +0.032% | $46.6M | $29.2M | — | as long as short |
| Phoenix GOLD | +0.0095% | 1h | 4,306.1 | +0.037% | $42K | $86K | 25x | as long as short |
| Pacifica XAU | +0.0100% | 1h | 4,302.7 | −0.041% | $1.4M | $1.2M | 10x | as long as short |
| ApeX Omni XAUUSDT | +0.0100% | 1h | 4,305.2 | +0.016% | $275K | $218K | 50x | as long as short |
| MEXC XAU_USDT | +0.0102% | 4h | 4,307.2 | +0.063% | $361.8M | $337.4M | 1000x | as long as short |
| Binance XAUUSDT | +0.0103% | 4h | 4,307.4 | +0.067% | $434.2M | $2.22B | 100x | as long as short |
| Lighter RH XAU | +0.0104% | 1h | 4,308.9 | +0.103% | $19.8M | $39.9M | 25x | as long as short |
| Aevo XAU-PERP | +0.0104% | 1h | 4,306.2 | +0.039% | $159K | $87 | 10x | as long as short |
| Kalshi KXGOLDPERP | +0.0109% | 24h | 4,309.8 | +0.123% | $3.7M | $46.5M | 15x | as long as short |
| edgeX XAUUSDC | +0.0111% | 4h | 4,306.8 | +0.052% | $30.0M | $61.5M | 50x | as long as short |
| Bybit XAUUSDT | +0.0117% | 4h | 4,308.6 | +0.095% | $77.5M | $157.2M | 150x | as long as short |
| RISEx XAU/USDC | +0.0126% | 1h | 4,307.1 | +0.060% | $4.4M | $13.1M | 25x | as long as short |
| Gate XAU_USDT | +0.0160% | 4h | 4,310 | +0.128% | $296.8M | $426.5M | 100x | as long as short |
| Bitget XAUUSDT | +0.0190% | 4h | 4,307.5 | +0.070% | $70.4M | $124.5M | 100x | as long as short |
| Bullet GOLD-USD | +0.0195% | 1h | 4,307.2 | +0.062% | $58K | $81K | 10x | as long as short |
| Deribit GOLD_USDC-PERPETUAL | +0.0215% | 1h | 4,305.6 | +0.026% | $134K | $846K | 25x | as long as short |
| OKX XAU-USDT-SWAP | +0.0249% | 8h | 4,308.8 | +0.100% | $171.2M | $329.7M | 100x | as long as short |
| Kraken Futures PF_XAUUSD | +0.0328% | 1h | 4,305.2 | +0.015% | $573K | $138K | 25x | as long as short |
| BloFin XAU-USDT | +0.0369% | 4h | 4,307.1 | +0.061% | $16.2M | $5.0M | 100x | as long as short |
| GMX GOLD/USD [ETH-USDC] | L +0.0466% / S −0.0314% | 1h | 4,307.6 | +0.072% | $255K | — | 111x | as long as short |
| Phemex XAUUSDT | +0.0527% | 4h | 4,310 | +0.128% | $2.2M | $955K | 100x | as long as short |
| HTX XAU-USDT | +0.1118% | 4h | 4,315.8 | +0.263% | $3.2M | $6.2M | 75x | as long as short |
| Bluefin GOLD-PERP | +0.4311% | 1h | 4,303.3 | −0.028% | $25K | $1K | 20x | as long as short |
Ondo Perps XAU-USD.P
Aster XAUUSD1
Coinbase International GOLD-PERP-INTX
Paradex XAU-USD-PERP
Extended XAU-USD
Lighter XAU
Variational Omni XAU
Phoenix GOLD
Pacifica XAU
ApeX Omni XAUUSDT
MEXC XAU_USDT
Binance XAUUSDT
Lighter RH XAU
Aevo XAU-PERP
Kalshi KXGOLDPERP
edgeX XAUUSDC
Bybit XAUUSDT
RISEx XAU/USDC
Gate XAU_USDT
Bitget XAUUSDT
Bullet GOLD-USD
Deribit GOLD_USDC-PERPETUAL
OKX XAU-USDT-SWAP
Kraken Futures PF_XAUUSD
BloFin XAU-USDT
GMX GOLD/USD [ETH-USDC]
Phemex XAUUSDT
HTX XAU-USDT
Bluefin GOLD-PERP