Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0056%/8h= +6.1% APRpaid last 24h +0.044%

Price spread now: HTX against Polymarket Perps+0.072%7-day average +0.117% · you sell dearer than you buy

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$250.253% of the position

Long on Polymarket Perps Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.021%+$2 on $10k

Price spread, last 4 days (all we have)+0.052%+$5 · spread now +0.072%, 7d avg +0.117%

Together, before fees+0.072%+$7 on $10k · with fees, hour by hour

Funding pays, the price is against you. HTX is 0.045% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread +0.072% now, against its 7-day average of +0.117%). If the spread goes back, that is −$5 on $10k: about 2.7 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.021% in total) that is about 15 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps GOLD-USD	4,333.6	0.0177	pay 0.0022% / 1h	10m 05s	$4.2M	$2.0M	20x
Short	HTX XAU-USDT	4,336.7	0.0232	get 0.0116% / 4h	2h 10m	$2.8M	$5.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.072%Rate

Funding earned: $11.69
Price spread: +0.072% → +0.117%: −$4.55
Slippage, 4 orders: −$5.33
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$18.19
Costs to cover: 0.253%
Break-even: 17.9 days

Slippage from Polymarket Perps: live order book, 4 min ago; HTX: live order book, 4 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	0.12 bp	4.1 bp −$4	4.2 bp −$42	5.1 bp −$506	doesn't fit
Sell HTX live order book, 4 min ago	0.70 bp	7.8 bp −$8	10.6 bp −$106	14.1 bp −$1,408	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
Bluefin GOLD-PERP	−0.0049%	1h	4,326.7	−0.160%	$25K	$14K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,337.6	+0.093%	$92K	$8.1M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,329.9	−0.087%	$271K	—	250x	as long as short
Bybit XAUUSDT	+0.0006%	4h	4,335.9	+0.054%	$78.4M	$156.7M	150x	as long as short
Extended XAU-USD	+0.0032%	1h	4,329.9	−0.086%	$13.1M	$36.8M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.388%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,333	−0.014%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0044%	1h	4,332.7	−0.021%	$5.4M	$2.1M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,365.6	+0.738%	—	$1.0M	25x	as long as short
Lighter XAU	+0.0048%	1h	4,334.5	+0.020%	$20.4M	$31.8M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:GOLD	+0.0050%	1h	4,331.4	−0.051%	$292.1M	$51.8M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,329.9	−0.084%	$15.0M	$56.5M	25x	as long as short
RISEx XAU/USDC	+0.0054%	1h	4,334.8	+0.027%	$3.8M	$12.5M	25x	as long as short
Kalshi KXGOLDPERP	+0.0063%	24h	4,334.7	+0.025%	$4.0M	$42.2M	15x	as long as short
Gate XAU_USDT	+0.0068%	4h	4,336	+0.055%	$271.9M	$416.7M	100x	as long as short
Lighter RH XAU	+0.0072%	1h	4,336.3	+0.063%	$19.9M	$38.9M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,330.9	−0.062%	$2.0M	$4.8M	25x	as long as short
Paradex XAU-USD-PERP	+0.0072%	8h	4,333.3	−0.007%	$19K	$5K	5x	as long as short
Aster XAUUSD1	+0.0099%	4h	4,336.5	+0.066%	$72.3M	$330.7M	20x	as long as short
Pacifica XAU	+0.0100%	1h	4,329.6	−0.092%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,324.2	−0.218%	$272K	$208K	50x	as long as short
Variational Omni XAU	+0.0101%	4h	4,331.5	−0.049%	$46.8M	$28.6M	—	as long as short
GRVT XAU_USDT_Perp	+0.0102%	4h	4,325.7	−0.183%	$1.4M	$3.0M	25x	as long as short
Hotstuff GOLD-PERP	+0.0104%	1h	4,329.6	−0.092%	$32K	—	25x	as long as short
MEXC XAU_USDT	+0.0110%	4h	4,334.9	+0.030%	$365.0M	$330.5M	1000x	as long as short
Binance XAUUSDT	+0.0112%	4h	4,335.1	+0.035%	$414.9M	$2.12B	100x	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,333.8	+0.006%	$160K	$87	10x	as long as short
Phoenix GOLD	+0.0127%	1h	4,326.6	−0.162%	$47K	$77K	25x	as long as short
edgeX XAUUSDC	+0.0128%	4h	4,322.8	−0.249%	$30.1M	$60.2M	50x	as long as short
Bullet GOLD-USD	+0.0160%	1h	4,333.7	+0.002%	$58K	$82K	10x	as long as short
Polymarket Perps GOLD-USDlong	+0.0177%	1h	4,333.6	long leg	$4.2M	$2.0M	20x
HTX XAU-USDTshort	+0.0232%	4h	4,336.7	+0.072%	$2.8M	$5.0M	75x
Kraken Futures PF_XAUUSD	+0.0247%	1h	4,331.5	−0.049%	$590K	$130K	25x	as long as short
Bitget XAUUSDT	+0.0256%	4h	4,334.9	+0.030%	$68.1M	$118.9M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0258%	1h	4,334.2	+0.014%	$195K	$826K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0332%	8h	4,335.1	+0.035%	$170.8M	$297.0M	100x	as long as short
BloFin XAU-USDT	+0.0359%	4h	4,333.3	−0.006%	$16.0M	$4.5M	100x	as long as short
Phemex XAUUSDT	+0.0387%	4h	4,335.2	+0.038%	$2.2M	$962K	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0460% / S −0.0302%	1h	4,334	+0.009%	$253K	—	111x	as long as short