Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.046%
Price spread now: Kalshi against Bybit−0.079%7-day average −0.125% · you buy dearer than you sell
Net, funding: paid 7d − costs−$43as in the Funding arb table
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$240.243% of the position
Funding, last 7 days−0.184%−$18 on $10k
+Price spread, last 7 days−0.039%−$4 · spread now −0.079%, 7d avg −0.125%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Kalshi is 0.046% dearer against Bybit than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.125%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit XAUUSDT | 4,371.7 | 0 | get 0.0000% / 4h | 15m 12s | $82.8M | $142.6M | 150x |
| Short | Kalshi KXGOLDPERP | 4,368.2 | 0 | get 0.0000% / 24h | 14h 15m | $4.0M | $36.2M | 15x |
Bybit XAUUSDT
Kalshi KXGOLDPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kalshi against Bybit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0
- Price spread: −0.079% → −0.125%
- $4.55
- Slippage, 4 orders
- −$3.3
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Net
- −$19.75
- Costs to cover
- 0.243%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 4 min ago; Kalshi: 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 Bybit live order book, 4 min ago | 0.01 bp | 5.6 bp −$6 | 6.8 bp −$68 | 10.7 bp −$1,072 | 29.4 bp −$14.7K |
| Sell Kalshi live order book, 4 min ago | 0.11 bp | 7.3 bp −$7 | 7.5 bp −$75 | 9.6 bp −$959 | 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 | −0.0230% | 1h | 4,363.3 | −0.192% | $26K | $22K | 20x | as long as short |
| Hotstuff GOLD-PERP | −0.0008% | 1h | 4,366.9 | −0.109% | $33K | — | 25x | as long as short |
| Phoenix GOLD | −0.0004% | 1h | 4,370.3 | −0.031% | $48K | $65K | 25x | as long as short |
| Aster XAUUSD1 | 0.0000% | 4h | 4,371.3 | −0.010% | $71.9M | $224.8M | 20x | as long as short |
| Binance XAUUSDT | 0.0000% | 4h | 4,371 | −0.014% | $410.8M | $2.14B | 100x | as long as short |
| Bybit XAUUSDTlong | 0.0000% | 4h | 4,371.7 | long leg | $82.8M | $142.6M | 150x | |
| RISEx XAU/USDC | 0.0000% | 1h | 4,371 | −0.015% | $3.4M | $12.3M | 25x | as long as short |
| Gate XAU_USDT | 0.0000% | 4h | 4,371.3 | −0.009% | $267.4M | $417.7M | 100x | as long as short |
| MEXC XAU_USDT | 0.0000% | 4h | 4,370.9 | −0.017% | $376.1M | $324.1M | 1000x | as long as short |
| Bitget XAUUSDT | 0.0000% | 4h | 4,370.6 | −0.024% | $69.6M | $113.4M | 100x | as long as short |
Bluefin GOLD-PERP
Hotstuff GOLD-PERP
Phoenix GOLD
Aster XAUUSD1
Binance XAUUSDT
RISEx XAU/USDC
Gate XAU_USDT
MEXC XAU_USDT
Bitget XAUUSDTShow all 39 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni XAU | 0.0000% | 4h | 4,370.5 | −0.027% | $48.5M | $29.3M | — | as long as short |
| GRVT XAU_USDT_Perp | 0.0000% | 4h | 4,371 | −0.015% | $1.4M | $3.1M | 25x | as long as short |
| Kalshi KXGOLDPERPshort | 0.0000% | 24h | 4,368.2 | −0.079% | $4.0M | $36.2M | 15x | |
| SunX XAU-USDT | 0.0000% | 4h | 4,375 | +0.075% | $93K | $10.5M | 20x | as long as short |
| gTrade (Gains Network) XAU/USD | L +0.0002% / S −0.0003% | 1h | 4,366.5 | −0.118% | $268K | — | 250x | as long as short |
| edgeX XAUUSDC | +0.0009% | 4h | 4,365.9 | −0.133% | $30.4M | $59.4M | 50x | as long as short |
| QFEX GOLD-USD | +0.0032% | 1h | 4,370 | −0.038% | $5.4M | $1.9M | 20x | as long as short |
| Injective XAU/USDC PERP | +0.0033% | 1h | 4,350.4 | −0.486% | $619 | $54 | 52x | as long as short |
| Lighter XAU | +0.0040% | 1h | 4,370.3 | −0.032% | $20.8M | $44.9M | 25x | as long as short |
| StandX XAU-USD | +0.0040% | 1h | 4,371.8 | +0.003% | $3.8M | $4.7M | 40x | as long as short |
| Vest GC-PERP | +0.0046% | 1h | 4,404.8 | +0.758% | — | $1.0M | 25x | as long as short |
| tradeXYZ xyz:GOLD | +0.0050% | 1h | 4,366.6 | −0.116% | $294.2M | $52.5M | 25x | as long as short |
| Ondo Perps XAU-USD.P | +0.0050% | 1h | 4,367 | −0.108% | $14.7M | $57.0M | 25x | as long as short |
| Paradex XAU-USD-PERP | +0.0054% | 8h | 4,370.5 | −0.027% | $19K | $5K | 5x | as long as short |
| Lighter RH XAU | +0.0056% | 1h | 4,372.9 | +0.028% | $20.2M | $42.3M | 25x | as long as short |
| Extended XAU-USD | +0.0064% | 1h | 4,366.6 | −0.115% | $13.1M | $45.5M | 25x | as long as short |
| Aevo XAU-PERP | +0.0080% | 1h | 4,369.9 | −0.040% | $162K | $87 | 10x | as long as short |
| Pacifica XAU | +0.0100% | 1h | 4,367.4 | −0.098% | $1.4M | $1.2M | 10x | as long as short |
| ApeX Omni XAUUSDT | +0.0100% | 1h | 4,368.6 | −0.071% | $277K | $204K | 50x | as long as short |
| Polymarket Perps GOLD-USD | +0.0104% | 1h | 4,370 | −0.038% | $4.3M | $1.8M | 20x | as long as short |
| Bullet GOLD-USD | +0.0111% | 1h | 4,370.7 | −0.023% | $59K | $81K | 10x | as long as short |
| Coinbase International GOLD-PERP-INTX | +0.0152% | 1h | 4,367.2 | −0.102% | $2.0M | $5.1M | 25x | as long as short |
| OKX XAU-USDT-SWAP | +0.0162% | 8h | 4,371.3 | −0.008% | $158.6M | $274.4M | 100x | as long as short |
| HTX XAU-USDT | +0.0186% | 4h | 4,377 | +0.122% | $2.8M | $3.8M | 75x | as long as short |
| Kraken Futures PF_XAUUSD | +0.0219% | 1h | 4,368.1 | −0.082% | $603K | $137K | 25x | as long as short |
| BloFin XAU-USDT | +0.0240% | 4h | 4,370.9 | −0.018% | $14.8M | $4.5M | 100x | as long as short |
| Deribit GOLD_USDC-PERPETUAL | +0.0254% | 1h | 4,369.8 | −0.043% | $235K | $736K | 25x | as long as short |
| Phemex XAUUSDT | +0.0320% | 4h | 4,370.9 | −0.018% | $2.2M | $1.1M | 100x | as long as short |
| GMX GOLD/USD [ETH-USDC] | L +0.0389% / S −0.0197% | 1h | 4,370.7 | −0.023% | $252K | — | 111x | as long as short |
Variational Omni XAU
GRVT XAU_USDT_Perp
SunX XAU-USDT
gTrade (Gains Network) XAU/USD
edgeX XAUUSDC
QFEX GOLD-USD
Injective XAU/USDC PERP
Lighter XAU
StandX XAU-USD
Vest GC-PERP
tradeXYZ xyz:GOLD
Ondo Perps XAU-USD.P
Paradex XAU-USD-PERP
Lighter RH XAU
Extended XAU-USD
Aevo XAU-PERP
Pacifica XAU
ApeX Omni XAUUSDT
Polymarket Perps GOLD-USD
Bullet GOLD-USD
Coinbase International GOLD-PERP-INTX
OKX XAU-USDT-SWAP
HTX XAU-USDT
Kraken Futures PF_XAUUSD
BloFin XAU-USDT
Deribit GOLD_USDC-PERPETUAL
Phemex XAUUSDT
GMX GOLD/USD [ETH-USDC]