Funding arb · Price arb / RWA

XAU

RWAAll XAU markets →

LONGAZAZverse▾Deribit −0.0999%Phemex −0.0926%Injective −0.0220%Aster 0.0000%Binance 0.0000%Bybit 0.0000%QFEX 0.0000%Gate 0.0000%MEXC 0.0000%Bitget 0.0000%Variational Omni 0.0000%GRVT 0.0000%SunX 0.0000%edgeX +0.0004%Lighter +0.0032%Lighter RH +0.0032%Extended +0.0032%StandX +0.0040%RISEx +0.0042%Bluefin +0.0046%Vest Markets +0.0046%Popdex +0.0048%Paradex +0.0050%Polymarket Perps +0.0050%Ondo Perps +0.0050%AZverse +0.0067%Aevo +0.0080%tradeXYZ +0.0099%Pacifica +0.0100%ApeX Omni +0.0100%Reya +0.0100%Orderly +0.0100%TxFlow +0.0100%Bullet +0.0104%Avantis +0.0126%BingX +0.0134%OKX +0.0135%HTX +0.0166%Phoenix +0.0168%BloFin +0.0240%GMX +0.0494%Kraken Futures +0.0516%

⇄⇅

SHORTKalshi▾Kraken Futures +0.0516%BloFin +0.0240%Phoenix +0.0168%HTX +0.0166%GMX −0.0150%OKX +0.0135%BingX +0.0134%Bullet +0.0104%Pacifica +0.0100%ApeX Omni +0.0100%Reya +0.0100%Orderly +0.0100%TxFlow +0.0100%tradeXYZ +0.0099%Aevo +0.0080%Ondo Perps +0.0050%Polymarket Perps +0.0050%Paradex +0.0050%Popdex +0.0048%Vest Markets +0.0046%Bluefin +0.0046%RISEx +0.0042%StandX +0.0040%Lighter +0.0032%Lighter RH +0.0032%Extended +0.0032%edgeX +0.0004%Aster 0.0000%Binance 0.0000%Bybit 0.0000%QFEX 0.0000%Gate 0.0000%MEXC 0.0000%Bitget 0.0000%Variational Omni 0.0000%GRVT 0.0000%SunX 0.0000%Avantis +0.0023%Injective −0.0220%Kalshi −0.0396%Phemex −0.0926%Deribit −0.0999%

Backtest 30d☆

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	AZAZversegold_usdt	4,001.7	+0.0067	pay 0.0008% / 1h	45m 25s	$1.5M	$143K	—	Long AZverse
SHORT	KalshiKXGOLDPERP	3,996.2	−0.0396	pay 0.1189% / 24h	8h 45m	$7.2M	$11.8M	15x	Short Kalshi

Price gap−0.138%

Funding gap−0.0463% /8h

Funding costs $14 a day on $10k at the current rate. Swap the legs.

The current funding rate is far below what this pair has been paying: over the last 17 hours it paid +0.006% in total, about +0.0027%/8h on average.

Price and funding

Entry / ExitPrice spreadPricesFundingLeg ratesP&L

1m5m15m1h

1h · history

24H3D7D14D30D90D

Entry / Exit?

Price spread?

Prices?

Funding?per 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now−0.138%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D▾

share of time at each level

Funding on every exchange

/8h

24H3D7D14D30D90D

AZverseKalshi

XAU on 43 exchanges

lowest funding first

Before you open

0 ok · 2 to watch

• i
  Note: Order book unknown—

  No order-book sample for AZverse: its slippage is not counted.
• i
  Note: Margin at max leverage— + $655

  AZverse —, Kalshi 15x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
• !
  Watch: Payment intervals differ1h / 24h

  Payments land at different times. Close right after the slower leg pays.

  Long AZverse · 1h−$2.01

  Short Kalshi · 24h−$11.89

  now+6h+12h+18h+24h

  Next 24h at the current rates, on $10k a leg: −$13.89Long AZverse: 24 payments, −$2.01; short Kalshi: 1 payment, −$11.89.
• i
  Note: Gap at its usual level−0.138% vs −0.124%

  The price leg adds little either way.
• i
  Note: Long leg is thinner$1.5M vs $7.2M OI

  Both legs are deep; AZverse is the smaller one.
• i
  Note: No points program—

  Neither exchange runs points right now.
• !
  Watch: KYCAZverse No · Kalshi Yes

  A US-regulated exchange: full KYC (ID, address, SSN when asked) before any trade.

Profit calculator

both legs, in and out

Position, each leg

$10k$100k$1M

Hold for

1 day7 days30 days

Orders

takermaker

Price spread

to 7d avgclosesnot counted

Funding rate

range avgcurrent

Funding earned+0.0027%/8h × 21 periods+$5.63

Price spread−0.138% → −0.124% (7d avg)−$1.40

Slippage, 4 ordersno data for AZverse—

Fee AZverse bp × 2 orders−$12.00

Fee Kalshi bp × 2 orders−$0.48

Net, fees only · 7 days · $10k−$8.26

Costs to cover0.125%Break-even17.3 days

Slippage: AZverse: no order-book sample; Kalshi: live order book, 4 min ago

Cost to enter

taker + slippage from mid, one side

Leg½ spr$10k$100k$1M$5M

BUY · LONGAZverse—————

SELL · SHORTKalshi1.002.6 bp−$33.2 bp−$328.2 bp−$823doesn’t fit

Closing costs about the same again.
AZverse: no data.

Alert

FundingSpread

Tell me when it goes above%/8hNot more often than everymin

Create alert

FundingPrice spread

I'm in

XAU news

posts that mention XAU or Gold, from every exchangeSearch all news →

10-25 00:51	Phoenix	Other	crypto perps stock perps gold perps oil perps pre-IPO perps All on Solana. @PhoenixTrade on X ↗
10-24 13:02	Bulk	Other	3/ LEAGUE CASH Ranked Gold or higher??? You got paid! 12.5% of BULK's net revenue for the week has been distributed, pro-rata, to all Callenger League participants ranked Challenger down to Gold. The total awarded this week is $5147, this amount scales each week with exchange activity! @bulktrade on X ↗
10-24 09:20	Bitget	Other	Gold breaks out. Forex swings. Oil spikes. Live market prices. Virtual funds. Put your strategy to the test with Bitget CFD Demo. 👇 @bitget on X ↗
10-23 15:59	Kalshi	Other	JUST IN: Gold back below $4,000 @Kalshi on X ↗
10-23 12:59	Avantis	Other	More unique assets 🤝 increased liquidity. This is why we're accommodating the largest commodities and FX trades onchain. 10-15M single clip trades on $XAU, $EURUSD, and more are happening daily. Trade the untradeable 😤 @verantaxyz on X ↗
10-23 12:00	Bybit	Other	@Bybit_Learn Recap of market action yesterday (Thur, Oct 22): - Bitcoin -4%, biggest 1-day drop since June - S&P 500 -1.2%, biggest 1-day drop since July - Gold -2.8%, now set for biggest weekly drop since June ICYMI: @Bybit_Learn shared a warning since Tue, Oct 20: @Bybit_Official on X ↗