commodity · GOLD-USD
Gold perpetual
A perpetual contract tracking Gold, listed on Polymarket Perps with up to 20x leverage and funding settled every hour. No expiry — you hold it until you close it or it closes you.
Mark price
$4,587.3
Used for margin, PnL and liquidation
Index price
$4,584.2
Mark is +0.068% from index
Funding / hour
+0.0020%
Longs pay shorts
Open interest
172.11 GOLD
Contracts currently open
Trading parameters
| Maximum leverageBefore risk tiers reduce it | 20x |
|---|---|
| Maintenance margin rateFlat, from 0.5 ÷ 20. Doesn't change with your leverage setting. | 2.50% |
| Liquidates at (long, max leverage)Adverse move on mark, from an entry at full leverage | 2.56% |
| Margin modesIsolated by default in the web app | Isolated or cross |
| Minimum orderNotional, not margin | $10 |
| Max market orderLimit orders up to $5M | $1M |
| Liquidation feeAdded to maker/taker on every fill while flagged | 0.50% |
| Funding intervalResting rate on non-crypto markets is +0.0006% an hour | 1 hour |
| Price precisionQuantity to 5 dp | 1 dp |
Leverage by position size
The leverage ceiling falls as the position grows, and the cap applies to your whole notional — not just the part above the threshold. Grow a position past a tier without lowering your leverage setting first and the order is rejected.
| Position notional | Max leverage | Margin required |
|---|---|---|
| $0 – $250K | 20x | 5.0% |
| $250K – $1M | 10x | 10.0% |
| $1M – $2.5M | 8x | 12.5% |
| $2.5M – $5M | 6x | 16.7% |
| $5M – $7.5M | 5x | 20.0% |
| $7.5M – $10M | 2x | 50.0% |
| $10M+ | 1x | 100.0% |
What funding has actually cost
Across the last 24 hourly settlements, GOLD-USD has averaged +0.0015% an hour. Held for a year at that rate, a long would pay 13.1% of notional — above the +0.0006% an hour resting rate.
Work out your risk on this market
Parameters from Polymarket’s public instruments endpoint, last synced 11 August 2026. Prices, funding and open interest refresh from the live API. Where our snapshot and their feed disagree, theirs is correct. All 39 markets →