XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0145%/8h= +15.9% APRpaid last 24h −0.001%

Price spread now: Kalshi against gTrade (Gains Network)+0.102%7-day average +0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$273as in the Price arb table

costs, in and out, $10k−$2792.787% of the position

Long on gTrade (Gains Network)Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.015%−$1 on $10k

Price spread, last 4 days (all we have)−0.168%−$17 · spread now +0.102%, 7d avg +0.043%

Together, before fees−0.183%−$18 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Kalshi is 0.058% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.043%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) XAU/USD	4,316.2	L +0.0002% / S −0.0003%	pay 0.0000% / 1h	44m 05s	$308K	—	250x
Short	Kalshi KXGOLDPERP	4,320.6	0.0147	get 0.0442% / 24h	2h 44m	$3.5M	$52.0M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee KalshibpOrdersPrice spread, now +0.102%Rate

Funding earned: $30.45
Price spread: +0.102% → +0.043%: $5.83
Slippage, 4 orders: −$261.75
Fee gTrade (Gains Network): 3.5 bp × 2 orders: −$7
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$242.47
Costs to cover: 2.787%
Break-even: 62.7 days

Slippage from gTrade (Gains Network): virtual book (oracle exchange), 63 min ago; Kalshi: 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 gTrade (Gains Network) virtual book (oracle exchange), 63 min ago	130.00 bp	133.5 bp −$134	196.7 bp −$1,967	1352.9 bp −$135.3K	5907.8 bp −$2.95M
Sell Kalshi live order book, 3 min ago	0.12 bp	6.1 bp −$6	7.7 bp −$77	12.8 bp −$1,276	doesn't fit

XAU on 39 exchanges

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
Coinbase International GOLD-PERP-INTX	−0.0032%	1h	4,315.5	−0.016%	$2.1M	$5.1M	25x	as long as short
SunX XAU-USDT	0.0000%	4h	4,323.8	+0.177%	$92K	$5.5M	20x	as long as short
gTrade (Gains Network) XAU/USDlong	L +0.0002% / S −0.0003%	1h	4,316.2	long leg	$308K	—	250x
Hotstuff GOLD-PERP	+0.0024%	1h	4,319.6	+0.079%	$35K	$3K	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.793%	$619	$54	52x	as long as short
Aster XAUUSD1	+0.0038%	4h	4,320.9	+0.109%	$71.1M	$277.6M	20x	as long as short
StandX XAU-USD	+0.0040%	1h	4,318.1	+0.044%	$3.8M	$4.6M	40x	as long as short
QFEX GOLD-USD	+0.0042%	1h	4,318.1	+0.044%	$6.6M	$3.3M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,352.4	+0.838%	—	$1.0M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,316.1	−0.003%	$15.2M	$59.2M	25x	as long as short

Show all 39 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:GOLD	+0.0055%	1h	4,316.7	+0.011%	$291.7M	$46.1M	25x	as long as short
Paradex XAU-USD-PERP	+0.0057%	8h	4,318.8	+0.060%	$2K	$13K	5x	as long as short
RISEx XAU/USDC	+0.0062%	1h	4,319.8	+0.084%	$4.7M	$13.4M	25x	as long as short
Variational Omni XAU	+0.0067%	4h	4,315.6	−0.014%	$47.1M	$27.9M	—	as long as short
Lighter XAU	+0.0072%	1h	4,319	+0.064%	$20.0M	$30.4M	25x	as long as short
MEXC XAU_USDT	+0.0078%	4h	4,319.4	+0.074%	$349.8M	$354.1M	1000x	as long as short
Binance XAUUSDT	+0.0080%	4h	4,319.8	+0.084%	$443.2M	$2.45B	100x	as long as short
Gate XAU_USDT	+0.0084%	4h	4,322	+0.133%	$304.2M	$437.0M	100x	as long as short
GRVT XAU_USDT_Perp	+0.0090%	4h	4,316.4	+0.004%	$1.4M	$3.1M	25x	as long as short
edgeX XAUUSDC	+0.0098%	4h	4,313	−0.075%	$30.1M	$67.0M	50x	as long as short
Pacifica XAU	+0.0100%	1h	4,316.2	0.000%	$1.4M	$1.5M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,312.3	−0.091%	$286K	$228K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,313.4	−0.064%	$25K	$1K	20x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,317.6	+0.032%	$160K	$87	10x	as long as short
Phoenix GOLD	+0.0124%	1h	4,315.8	−0.009%	$43K	$71K	25x	as long as short
Lighter RH XAU	+0.0128%	1h	4,321.2	+0.115%	$19.5M	$39.4M	25x	as long as short
Kalshi KXGOLDPERPshort	+0.0147%	24h	4,320.6	+0.102%	$3.5M	$52.0M	15x
Bybit XAUUSDT	+0.0166%	4h	4,321.4	+0.119%	$85.1M	$169.6M	150x	as long as short
Phemex XAUUSDT	+0.0196%	4h	4,320.2	+0.093%	$2.2M	$733K	100x	as long as short
Kraken Futures PF_XAUUSD	+0.0198%	1h	4,317.5	+0.029%	$581K	$166K	25x	as long as short
Bitget XAUUSDT	+0.0202%	4h	4,319.4	+0.073%	$73.1M	$142.0M	100x	as long as short
Extended XAU-USD	+0.0208%	1h	4,316	−0.005%	$12.6M	$34.4M	25x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0213%	1h	4,318.4	+0.051%	$135K	$661K	25x	as long as short
Bullet GOLD-USD	+0.0220%	1h	4,320.2	+0.091%	$59K	$77K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0220%	1h	4,319.7	+0.081%	$4.3M	$1.7M	20x	as long as short
OKX XAU-USDT-SWAP	+0.0224%	8h	4,320.6	+0.102%	$171.3M	$365.5M	100x	as long as short
BloFin XAU-USDT	+0.0319%	4h	4,319.2	+0.069%	$16.5M	$5.3M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0424% / S −0.0257%	1h	4,320.2	+0.093%	$252K	—	111x	as long as short
HTX XAU-USDT	+0.1017%	4h	4,326.3	+0.234%	$3.2M	$7.1M	75x	as long as short