Funding arb · Price arb / RWA

XAU

RWAAll XAU markets →

LONGKalshi▾Phemex −0.1121%Deribit −0.1075%Kalshi −0.0422%Injective −0.0220%Aster 0.0000%Binance 0.0000%Bybit 0.0000%RISEx 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 +0.0010%Lighter +0.0032%Lighter RH +0.0032%Extended +0.0032%StandX +0.0040%Vest Markets +0.0046%Popdex +0.0048%Paradex +0.0050%tradeXYZ +0.0050%Polymarket Perps +0.0050%Ondo Perps +0.0050%BingX +0.0074%OKX +0.0078%Aevo +0.0080%Pacifica +0.0100%ApeX Omni +0.0100%Reya +0.0100%Orderly +0.0100%Bluefin +0.0100%TxFlow +0.0100%Avantis +0.0126%Bullet +0.0129%Phoenix +0.0136%HTX +0.0237%BloFin +0.0240%GMX +0.0494%Kraken Futures +0.0566%

⇄⇅

SHORTAZAZverse▾Kraken Futures +0.0566%BloFin +0.0240%HTX +0.0237%GMX −0.0150%Phoenix +0.0136%Bullet +0.0129%Pacifica +0.0100%ApeX Omni +0.0100%Reya +0.0100%Orderly +0.0100%Bluefin +0.0100%TxFlow +0.0100%Aevo +0.0080%OKX +0.0078%BingX +0.0074%AZverse +0.0073%Ondo Perps +0.0050%tradeXYZ +0.0050%Polymarket Perps +0.0050%Paradex +0.0050%Popdex +0.0048%Vest Markets +0.0046%StandX +0.0040%Lighter +0.0032%Lighter RH +0.0032%Extended +0.0032%edgeX +0.0010%Aster 0.0000%Binance 0.0000%Bybit 0.0000%RISEx 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%Deribit −0.1075%Phemex −0.1121%

Backtest 30d☆

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	KalshiKXGOLDPERP	3,993.4	−0.0422	get 0.1267% / 24h	9h 38m	$7.1M	$11.9M	15x	Long Kalshi
SHORT	AZAZversegold_usdt	3,999.7	+0.0073	get 0.0009% / 1h	38m 00s	$1.5M	$142K	—	Short AZverse

Price gap+0.159%

Funding gap+0.0495% /8h

Both sides work: funding pays +$15 a day on $10k, and the gap is 0.035% above its 7d average: +$3 more if it goes back.

The current funding rate is far above what this pair has been paying: over the last 16 hours it paid −0.007% in total, about −0.0032%/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+0.159%

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

KalshiAZverse

XAU on 43 exchanges

lowest funding first

Before you open

1 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 + —

  Kalshi 15x, AZverse —. Keep about 2× this so a sharp move doesn’t liquidate one leg.
• !
  Watch: Payment intervals differ24h / 1h

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

  Long Kalshi · 24h+$12.67

  Short AZverse · 1h+$2.20

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

  Next 24h at the current rates, on $10k a leg: +$14.86Long Kalshi: 1 payment, +$12.67; short AZverse: 24 payments, +$2.20.
• ✓
  OK: Entry gap works for you+0.159% vs +0.124%

  You short the dearer leg. If the gap goes back to average, the short gains.
• i
  Note: Short leg is thinner$1.5M vs $7.1M OI

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

  Neither exchange runs points right now.
• !
  Watch: KYCKalshi Yes · AZverse No

  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−0.0032%/8h × 21 periods−$6.71

Price spread+0.159% → +0.124% (7d avg)+$3.50

Slippage, 4 ordersno data for AZverse—

Fee Kalshi bp × 2 orders−$0.48

Fee AZverse bp × 2 orders−$12.00

Net, fees only · 7 days · $10k−$15.70

Costs to cover0.125%Break-evennever at this rate

Slippage: Kalshi: live order book, 2 min ago; AZverse: no order-book sample

Cost to enter

taker + slippage from mid, one side

Leg½ spr$10k$100k$1M$5M

BUY · LONGKalshi0.382.1 bp−$22.5 bp−$257.3 bp−$729doesn’t fit

SELL · SHORTAZverse—————

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 ↗