Settings8H · net · $10k
Funding arb · Price arb /

XAU

RWAall XAU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0103%/8h= −11.3% APRnext payment $0.13 per $10,000 · paid last 24h −0.031%
Price spread now: StandX against Polymarket Perps+0.132%7-day average +0.092% · you sell dearer than you buy
Net, funding: paid 7d − costs−$25as in the Funding arb table
Net, price: spread back to 7d avg − costs−$18as in the Price arb table
costs, in and out, $10k−$220.223% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.027%−$3 on $10k
Price spread, last 7 days−0.047%−$5 · spread now +0.132%, 7d avg +0.092%
Together, before fees−0.073%+ Points / potential airdropStandX: Active · farm board−$7 on $10k · with fees, hour by hour
The price spread pays, funding is against you. StandX is 0.040% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.132% now, against its 7-day average of +0.092%): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 31 hours. At the pace of the last 7 days (−0.027% in total) that is about 11 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps GOLD-USD4,307.40.0221pay 0.0028% / 1h6m 48s$4.3M$1.8M20x
ShortStandX XAU-USD4,313.10.0118get 0.0015% / 1h6m 48s$3.8M$4.5M40x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

StandX 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

Funding earned
−$21.72
Price spread: +0.132% → +0.092%
$4.02
Slippage, 4 orders
−$6.34
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee StandX: 4 bp × 2 orders
−$8
Net
−$40.05
Costs to cover
0.223%
Break-even
never at this rate
Slippage from Polymarket Perps: live order book, 2 min ago; StandX: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Polymarket Perps live order book, 2 min ago0.12 bp4.6 bp −$54.9 bp −$496.0 bp −$597doesn't fit
Sell StandX live order book, 2 min ago0.12 bp9.5 bp −$1010.5 bp −$10510.7 bp −$1,07112.5 bp −$6,231

XAU on 39 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX XAU-USDT0.0000%4h4,312.3+0.114%$92K$7.0M20xas long as short
gTrade (Gains Network) XAU/USDL +0.0002% / S −0.0003%1h4,304−0.080%$268K250xas long as short
Injective XAU/USDC PERP+0.0033%1h4,350.4+0.999%$619$5452xas long as short
QFEX GOLD-USD+0.0045%1h4,307.1−0.007%$5.7M$2.7M20xas long as short
Vest GC-PERP+0.0046%1h4,340.1+0.759%$1.0M25xas long as short
tradeXYZ xyz:GOLD+0.0050%1h4,304.2−0.074%$290.0M$52.5M25xas long as short
Ondo Perps XAU-USD.P+0.0050%1h4,304.1−0.077%$15.0M$55.3M25xas long as short
Aster XAUUSD1+0.0057%4h4,309.2+0.041%$72.8M$271.9M20xas long as short
Paradex XAU-USD-PERP+0.0062%8h4,307.7+0.006%$2K$14K5xas long as short
Bluefin GOLD-PERP+0.0068%1h4,303.1−0.099%$25K$1K20xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit XAUUSDT+0.0071%4h4,308.6+0.028%$77.3M$155.4M150xas long as short
Lighter XAU+0.0072%1h4,306.9−0.013%$20.2M$30.2M25xas long as short
Coinbase International GOLD-PERP-INTX+0.0072%1h4,304.3−0.072%$2.0M$5.1M25xas long as short
Phoenix GOLD+0.0096%1h4,313.9+0.151%$42K$79K25xas long as short
Kalshi KXGOLDPERP+0.0099%24h4,309.5+0.049%$3.6M$45.3M15xas long as short
Variational Omni XAU+0.0100%4h4,316.5+0.210%$47.1M$29.0Mas long as short
Pacifica XAU+0.0100%1h4,304.3−0.072%$1.4M$1.2M10xas long as short
ApeX Omni XAUUSDT+0.0100%1h4,313.5+0.142%$272K$209K50xas long as short
Lighter RH XAU+0.0104%1h4,309.9+0.058%$19.9M$40.2M25xas long as short
Extended XAU-USD+0.0104%1h4,303.8−0.083%$13.2M$36.6M25xas long as short
MEXC XAU_USDT+0.0108%4h4,307.8+0.010%$366.8M$340.5M1000xas long as short
Binance XAUUSDT+0.0110%4h4,308.5+0.025%$429.1M$2.16B100xas long as short
GRVT XAU_USDT_Perp+0.0112%4h4,316.1+0.201%$1.4M$3.0M25xas long as short
Aevo XAU-PERP+0.0112%1h4,307.2−0.005%$160K$8710xas long as short
Gate XAU_USDT+0.0116%4h4,309.4+0.046%$284.7M$430.2M100xas long as short
StandX XAU-USDshort+0.0118%1h4,313.1+0.132%$3.8M$4.5M40x
Hotstuff GOLD-PERP+0.0120%1h4,303.9−0.081%$32K25xas long as short
edgeX XAUUSDC+0.0127%4h4,313.1+0.133%$30.0M$59.8M50xas long as short
Bitget XAUUSDT+0.0190%4h4,307.9+0.012%$70.4M$121.4M100xas long as short
Bullet GOLD-USD+0.0199%1h4,307.5+0.002%$59K$81K10xas long as short
Polymarket Perps GOLD-USDlong+0.0221%1h4,307.4long leg$4.3M$1.8M20x
Kraken Futures PF_XAUUSD+0.0229%1h4,305−0.055%$573K$138K25xas long as short
Deribit GOLD_USDC-PERPETUAL+0.0238%1h4,307.3−0.002%$136K$864K25xas long as short
OKX XAU-USDT-SWAP+0.0264%8h4,308.1+0.016%$175.2M$304.9M100xas long as short
BloFin XAU-USDT+0.0371%4h4,308.4+0.023%$16.5M$5.0M100xas long as short
Phemex XAUUSDT+0.0455%4h4,312.2+0.111%$2.2M$949K100xas long as short
GMX GOLD/USD [ETH-USDC]L +0.0464% / S −0.0311%1h4,307.9+0.011%$253K111xas long as short
HTX XAU-USDT+0.0540%4h4,314.3+0.159%$3.2M$6.1M75xas long as short
RISEx XAU/USDC+0.0643%1h4,307.4−0.001%$4.5M$13.1M25xas long as short