Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0068%/8h= +7.4% APRpaid last 24h −0.019%

Price spread now: MEXC against Polymarket Perps+0.090%7-day average +0.076% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,065as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,066as in the Price arb table

costs, in and out, $10k−$1,06810.677% of the position

Long on Polymarket Perps Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.030%+$3 on $10k

Price spread, last 7 days−0.017%−$2 · spread now +0.090%, 7d avg +0.076%

Together, before fees+0.013%+$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.076%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps GOLD-USD	4,307.9	0.0050	pay 0.0006% / 1h	20m 50s	$4.3M	$1.8M	20x
Short	MEXC XAU_USDT	4,311.8	0.0118	get 0.0059% / 4h	3h 20m	$360.3M	$347.5M	1000x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.090%Rate

Funding earned: $14.28
Price spread: +0.090% → +0.076%: $1.44
Slippage, 4 orders: −$1,055.74
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$1,052.02
Costs to cover: 10.677%
Break-even: 522.7 days

Slippage from Polymarket Perps: live order book, 3 min ago; MEXC: live order book, 3 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, 3 min ago	166.20 bp	230.6 bp −$231	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	0.04 bp	2.0 bp −$2	2.0 bp −$20	4.2 bp −$422	18.6 bp −$9,283

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	−0.0016%	1h	4,305.9	−0.046%	$32K	—	25x	as long as short
SunX XAU-USDT	0.0000%	4h	4,315.2	+0.169%	$92K	$6.7M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,305.5	−0.055%	$273K	—	250x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.987%	$619	$54	52x	as long as short
Vest GC-PERP	+0.0046%	1h	4,341.9	+0.789%	—	$1.0M	25x	as long as short
QFEX GOLD-USD	+0.0046%	1h	4,308.5	+0.014%	$6.6M	$3.1M	20x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,308.3	+0.009%	$291.0M	$54.5M	25x	as long as short
Polymarket Perps GOLD-USDlong	+0.0050%	1h	4,307.9	long leg	$4.3M	$1.8M	20x
Ondo Perps XAU-USD.P	+0.0050%	1h	4,306.4	−0.036%	$15.0M	$56.0M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0056%	1h	4,306.7	−0.028%	$2.0M	$5.1M	25x	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	+0.0062%	8h	4,308.9	+0.024%	$2K	$13K	5x	as long as short
Aster XAUUSD1	+0.0062%	4h	4,312.2	+0.101%	$73.6M	$271.5M	20x	as long as short
StandX XAU-USD	+0.0077%	1h	4,308.4	+0.012%	$3.8M	$4.5M	40x	as long as short
Lighter XAU	+0.0080%	1h	4,311.1	+0.075%	$20.2M	$29.6M	25x	as long as short
Phoenix GOLD	+0.0095%	1h	4,301.6	−0.146%	$42K	$86K	25x	as long as short
Extended XAU-USD	+0.0096%	1h	4,308.2	+0.006%	$13.0M	$36.1M	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,305.4	−0.058%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,301.8	−0.143%	$273K	$219K	50x	as long as short
Lighter RH XAU	+0.0104%	1h	4,313.4	+0.128%	$19.8M	$40.6M	25x	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,310.5	+0.060%	$160K	$87	10x	as long as short
Kalshi KXGOLDPERP	+0.0114%	24h	4,312.8	+0.114%	$3.6M	$47.1M	15x	as long as short
Variational Omni XAU	+0.0115%	4h	4,311.4	+0.082%	$46.9M	$29.9M	—	as long as short
edgeX XAUUSDC	+0.0117%	4h	4,300.7	−0.166%	$30.0M	$62.5M	50x	as long as short
MEXC XAU_USDTshort	+0.0118%	4h	4,311.8	+0.090%	$360.3M	$347.5M	1000x
Binance XAUUSDT	+0.0123%	4h	4,310.3	+0.056%	$437.2M	$2.27B	100x	as long as short
RISEx XAU/USDC	+0.0126%	1h	4,308.8	+0.020%	$4.5M	$13.4M	25x	as long as short
Bybit XAUUSDT	+0.0134%	4h	4,311.4	+0.081%	$79.7M	$161.2M	150x	as long as short
Gate XAU_USDT	+0.0178%	4h	4,312.4	+0.103%	$302.0M	$436.3M	100x	as long as short
GRVT XAU_USDT_Perp	+0.0188%	4h	4,306.4	−0.035%	$1.4M	$3.1M	25x	as long as short
Bullet GOLD-USD	+0.0198%	1h	4,311.3	+0.078%	$58K	$77K	10x	as long as short
Bitget XAUUSDT	+0.0200%	4h	4,310	+0.049%	$70.3M	$127.5M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0214%	1h	4,310.4	+0.058%	$133K	$831K	25x	as long as short
OKX XAU-USDT-SWAP	+0.0251%	8h	4,310.8	+0.067%	$170.6M	$341.6M	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0328%	1h	4,308.6	+0.016%	$573K	$139K	25x	as long as short
BloFin XAU-USDT	+0.0394%	4h	4,311.7	+0.089%	$16.4M	$5.2M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0465% / S −0.0313%	1h	4,311.9	+0.093%	$254K	—	111x	as long as short
Phemex XAUUSDT	+0.0512%	4h	4,312.6	+0.110%	$2.2M	$986K	100x	as long as short
HTX XAU-USDT	+0.1220%	4h	4,318.1	+0.237%	$3.2M	$6.8M	75x	as long as short
Bluefin GOLD-PERP	+0.2471%	1h	4,304.6	−0.076%	$25K	$1K	20x	as long as short