Funding you earn now, next payment 09:00 UTC−0.0107%/8h= −11.7% APRpaid last 24h +0.001%
Price spread now: gTrade (Gains Network) against Kalshi−0.180%71s7-day average −0.031% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$2802.801% of the position
Funding, last 4 days (all we have)+0.015%+$1 on $10k
+Price spread, last 4 days (all we have)+0.246%+$25 · spread now −0.180%, 7d avg −0.031%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.149% cheaper against Kalshi than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of −0.031%). Swap the legs. The two prices were read 71 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kalshi KXGOLDPERP | 4,311.3 | 0.0110 | pay 0.0330% / 24h | 5h 33m | $3.7M | $46.5M | 15x |
| Short | gTrade (Gains Network) XAU/USD | 4,303.6 | L +0.0002% / S −0.0003% | get 0.0000% / 1h | 33m 47s | $278K | — | 250x |
Kalshi KXGOLDPERP
gTrade (Gains Network) XAU/USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
gTrade (Gains Network) against Kalshi. 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
- −$22.37
- Price spread: −0.180% → −0.031%
- −$14.88
- Slippage, 4 orders
- −$263.07
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Fee gTrade (Gains Network): 3.5 bp × 2 orders
- −$7
- Net
- −$317.32
- Costs to cover
- 2.801%
- Break-even
- never at this rate
Slippage from Kalshi: live order book, 5 min ago; gTrade (Gains Network): virtual book (oracle venue), 30 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 Kalshi live order book, 5 min ago | 0.23 bp | 6.7 bp −$7 | 7.1 bp −$71 | 9.3 bp −$928 | doesn't fit |
| Sell gTrade (Gains Network) virtual book (oracle venue), 30 min ago | 130.01 bp | 133.5 bp −$134 | 243.0 bp −$2,430 | 1975.4 bp −$197.5K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff GOLD-PERP | −0.0032% | 1h | 4,305.5 | −0.135% | $32K | — | 25x | as long as short |
| SunX XAU-USDT | 0.0000% | 4h | 4,311.7 | +0.010% | $92K | $6.8M | 20x | as long as short |
| gTrade (Gains Network) XAU/USDshort | L +0.0002% / S −0.0003% | 1h | 4,303.6 | −0.180% | $278K | — | 250x | |
| GRVT XAU_USDT_Perp | +0.0012% | 4h | 4,308 | −0.075% | $1.4M | $3.0M | 25x | as long as short |
| Injective XAU/USDC PERP | +0.0033% | 1h | 4,350.4 | +0.907% | $619 | $54 | 52x | as long as short |
| StandX XAU-USD | +0.0040% | 1h | 4,306.8 | −0.104% | $3.8M | $4.5M | 40x | as long as short |
| Vest GC-PERP | +0.0046% | 1h | 4,338.7 | +0.636% | — | $1.0M | 25x | as long as short |
| QFEX GOLD-USD | +0.0046% | 1h | 4,306 | −0.123% | $6.6M | $3.1M | 20x | as long as short |
| tradeXYZ xyz:GOLD | +0.0050% | 1h | 4,302.9 | −0.195% | $290.9M | $54.0M | 25x | as long as short |
| Polymarket Perps GOLD-USD | +0.0050% | 1h | 4,304.2 | −0.165% | $4.3M | $1.8M | 20x | as long as short |
Hotstuff GOLD-PERP
SunX XAU-USDT
GRVT XAU_USDT_Perp
Injective XAU/USDC PERP
StandX XAU-USD
Vest GC-PERP
QFEX GOLD-USD
tradeXYZ xyz:GOLD
Polymarket Perps GOLD-USDShow all 39 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps XAU-USD.P | +0.0050% | 1h | 4,302.7 | −0.199% | $15.0M | $55.8M | 25x | as long as short |
| Aster XAUUSD1 | +0.0052% | 4h | 4,307.9 | −0.078% | $73.4M | $272.0M | 20x | as long as short |
| Coinbase International GOLD-PERP-INTX | +0.0056% | 1h | 4,305.8 | −0.128% | $2.0M | $5.1M | 25x | as long as short |
| Paradex XAU-USD-PERP | +0.0061% | 8h | 4,306.6 | −0.110% | $2K | $13K | 5x | as long as short |
| Extended XAU-USD | +0.0072% | 1h | 4,303.5 | −0.182% | $13.1M | $36.2M | 25x | as long as short |
| Lighter XAU | +0.0080% | 1h | 4,307.1 | −0.098% | $20.3M | $28.9M | 25x | as long as short |
| Variational Omni XAU | +0.0089% | 4h | 4,305.9 | −0.125% | $46.6M | $29.2M | — | as long as short |
| Phoenix GOLD | +0.0095% | 1h | 4,306.1 | −0.121% | $42K | $86K | 25x | as long as short |
| Pacifica XAU | +0.0100% | 1h | 4,303.3 | −0.185% | $1.4M | $1.2M | 10x | as long as short |
| ApeX Omni XAUUSDT | +0.0100% | 1h | 4,305.2 | −0.142% | $275K | $218K | 50x | as long as short |
| MEXC XAU_USDT | +0.0102% | 4h | 4,307.3 | −0.093% | $353.3M | $337.9M | 1000x | as long as short |
| Lighter RH XAU | +0.0104% | 1h | 4,309.8 | −0.036% | $19.8M | $39.9M | 25x | as long as short |
| Aevo XAU-PERP | +0.0104% | 1h | 4,306.4 | −0.113% | $159K | $87 | 10x | as long as short |
| Binance XAUUSDT | +0.0104% | 4h | 4,306.9 | −0.102% | $434.1M | $2.23B | 100x | as long as short |
| Kalshi KXGOLDPERPlong | +0.0110% | 24h | 4,311.3 | long leg | $3.7M | $46.5M | 15x | |
| edgeX XAUUSDC | +0.0111% | 4h | 4,306.8 | −0.105% | $30.0M | $61.5M | 50x | as long as short |
| Bybit XAUUSDT | +0.0119% | 4h | 4,307.1 | −0.098% | $77.4M | $157.7M | 150x | as long as short |
| RISEx XAU/USDC | +0.0126% | 1h | 4,306.7 | −0.106% | $4.4M | $13.1M | 25x | as long as short |
| Gate XAU_USDT | +0.0160% | 4h | 4,309.6 | −0.039% | $296.6M | $427.4M | 100x | as long as short |
| Bitget XAUUSDT | +0.0190% | 4h | 4,305.7 | −0.131% | $70.6M | $125.3M | 100x | as long as short |
| Bullet GOLD-USD | +0.0196% | 1h | 4,307.5 | −0.089% | $58K | $81K | 10x | as long as short |
| Deribit GOLD_USDC-PERPETUAL | +0.0238% | 1h | 4,307.7 | −0.084% | $134K | $846K | 25x | as long as short |
| OKX XAU-USDT-SWAP | +0.0249% | 8h | 4,306.6 | −0.109% | $171.4M | $330.3M | 100x | as long as short |
| Kraken Futures PF_XAUUSD | +0.0328% | 1h | 4,305.5 | −0.135% | $573K | $138K | 25x | as long as short |
| BloFin XAU-USDT | +0.0369% | 4h | 4,307.1 | −0.097% | $16.2M | $5.0M | 100x | as long as short |
| GMX GOLD/USD [ETH-USDC] | L +0.0467% / S −0.0314% | 1h | 4,307.9 | −0.079% | $255K | — | 111x | as long as short |
| Phemex XAUUSDT | +0.0486% | 4h | 4,311.9 | +0.014% | $2.2M | $956K | 100x | as long as short |
| HTX XAU-USDT | +0.1145% | 4h | 4,316 | +0.108% | $3.2M | $6.2M | 75x | as long as short |
| Bluefin GOLD-PERP | +0.4125% | 1h | 4,306.6 | −0.109% | $25K | $1K | 20x | as long as short |
Ondo Perps XAU-USD.P
Aster XAUUSD1
Coinbase International GOLD-PERP-INTX
Paradex XAU-USD-PERP
Extended XAU-USD
Lighter XAU
Variational Omni XAU
Phoenix GOLD
Pacifica XAU
ApeX Omni XAUUSDT
MEXC XAU_USDT
Lighter RH XAU
Aevo XAU-PERP
Binance XAUUSDT
edgeX XAUUSDC
Bybit XAUUSDT
RISEx XAU/USDC
Gate XAU_USDT
Bitget XAUUSDT
Bullet GOLD-USD
Deribit GOLD_USDC-PERPETUAL
OKX XAU-USDT-SWAP
Kraken Futures PF_XAUUSD
BloFin XAU-USDT
GMX GOLD/USD [ETH-USDC]
Phemex XAUUSDT
HTX XAU-USDT
Bluefin GOLD-PERP