XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0139%/8h= +15.2% APRnext payment +$0.17 per $10,000 · paid last 24h +0.011%

Price spread now: GMX against Polymarket Perps+0.017%7-day average +0.075% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Polymarket Perps Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.072%+$7 on $10k

Price spread, last 3 days (all we have)+0.085%+$9 · spread now +0.017%, 7d avg +0.075%

Together, before fees+0.157%+$16 on $10k · with fees, hour by hour

Funding pays, the price is against you. GMX is 0.059% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread +0.017% now, against its 7-day average of +0.075%). If the spread goes back, that is −$6 on $10k: about 34 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps GOLD-USD	4,356.4	0.0060	pay 0.0008% / 1h	35m 35s	$4.3M	$1.9M	20x
Short	GMX GOLD/USD [ETH-USDC]	4,357.1	L +0.0394% / S −0.0199%	get 0.0025% / 1h	35m 35s	$253K	—	111x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now +0.017%Rate

Funding earned: $29.16
Price spread: +0.017% → +0.075%: −$5.88
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: $3.28
Costs to cover: 0.200%
Break-even: 6.2 days

Slippage unknown: Polymarket Perps: live order book, 3 min ago; GMX: no order-book sample. Net counts fees only.

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, 3 min ago	1.15 bp	5.3 bp −$5	5.4 bp −$54	5.8 bp −$581	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Bluefin GOLD-PERP	−0.0317%	1h	4,349.8	−0.151%	$25K	$14K	20x	as long as short
Hotstuff GOLD-PERP	0.0000%	1h	4,356.8	+0.009%	$33K	—	25x	as long as short
Gate XAU_USDT	0.0000%	4h	4,361.8	+0.125%	$263.2M	$408.5M	100x	as long as short
Kalshi KXGOLDPERP	0.0000%	24h	4,354.2	−0.051%	$4.1M	$36.6M	15x	as long as short
SunX XAU-USDT	0.0000%	4h	4,361.3	+0.112%	$93K	$9.7M	20x	as long as short
Aster XAUUSD1	+0.0001%	4h	4,360.4	+0.092%	$70.2M	$292.9M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,353.5	−0.066%	$270K	—	250x	as long as short
Extended XAU-USD	+0.0032%	1h	4,356.2	−0.003%	$13.6M	$43.0M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	−0.137%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,358.4	+0.046%	$3.8M	$4.7M	40x	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	4,390.7	+0.787%	—	$1.0M	25x	as long as short
Lighter XAU	+0.0048%	1h	4,359.3	+0.067%	$20.7M	$43.5M	25x	as long as short
Lighter RH XAU	+0.0048%	1h	4,361.2	+0.110%	$20.1M	$40.8M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,356.4	0.000%	$294.2M	$48.4M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,357.4	+0.023%	$14.9M	$57.9M	25x	as long as short
QFEX GOLD-USD	+0.0051%	1h	4,358.5	+0.048%	$5.6M	$1.9M	20x	as long as short
Polymarket Perps GOLD-USDlong	+0.0060%	1h	4,356.4	long leg	$4.3M	$1.9M	20x
Variational Omni XAU	+0.0069%	4h	4,356.5	+0.003%	$48.3M	$28.4M	—	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,354.6	−0.041%	$2.0M	$5.0M	25x	as long as short
Paradex XAU-USD-PERP	+0.0083%	8h	4,359.8	+0.078%	$19K	$5K	5x	as long as short
edgeX XAUUSDC	+0.0084%	4h	4,350.2	−0.142%	$30.3M	$60.6M	50x	as long as short
MEXC XAU_USDT	+0.0086%	4h	4,360.2	+0.086%	$374.0M	$322.4M	1000x	as long as short
Binance XAUUSDT	+0.0087%	4h	4,360.1	+0.085%	$409.8M	$2.10B	100x	as long as short
Pacifica XAU	+0.0100%	1h	4,356.2	−0.004%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,352.6	−0.088%	$275K	$204K	50x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,356.4	−0.001%	$161K	$87	10x	as long as short
Phoenix GOLD	+0.0121%	1h	4,355.1	−0.030%	$48K	$64K	25x	as long as short
RISEx XAU/USDC	+0.0135%	1h	4,360.3	+0.089%	$3.4M	$12.4M	25x	as long as short
GRVT XAU_USDT_Perp	+0.0136%	4h	4,357.5	+0.025%	$1.4M	$2.9M	25x	as long as short
Bitget XAUUSDT	+0.0154%	4h	4,360.9	+0.103%	$69.3M	$109.7M	100x	as long as short
Bullet GOLD-USD	+0.0156%	1h	4,357.4	+0.023%	$59K	$83K	10x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0186%	1h	4,356.3	−0.002%	$234K	$661K	25x	as long as short
Bybit XAUUSDT	+0.0193%	4h	4,360.9	+0.104%	$84.2M	$143.7M	150x	as long as short
OKX XAU-USDT-SWAP	+0.0227%	8h	4,361.5	+0.117%	$165.1M	$284.2M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0269%	1h	4,354.9	−0.035%	$594K	$141K	25x	as long as short
BloFin XAU-USDT	+0.0286%	4h	4,364.8	+0.193%	$15.5M	$4.6M	100x	as long as short
Phemex XAUUSDT	+0.0381%	4h	4,361.1	+0.108%	$2.2M	$1.1M	100x	as long as short
GMX GOLD/USD [ETH-USDC]short	L +0.0394% / S −0.0199%	1h	4,357.1	+0.017%	$253K	—	111x
HTX XAU-USDT	+0.0523%	4h	4,362.7	+0.144%	$2.9M	$3.9M	75x	as long as short