Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0024%/8h= +2.6% APRpaid last 24h −0.019%

Price spread now: Kalshi against StandX+0.021%7-day average −0.118% · you sell dearer than you buy

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$13as in the Price arb table

costs, in and out, $10k−$270.272% of the position

Long on StandX Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.134%−$13 on $10k

Price spread, last 7 days−0.138%−$14 · spread now +0.021%, 7d avg −0.118%

Together, before fees−0.272%+ Points / potential airdropStandX: Active · farm board−$27 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Kalshi is 0.138% dearer against StandX than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of −0.118%. Mind the row above: over the last 7 days funding on this pair cost −0.134%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	StandX XAU-USD	4,333.7	0.0040	pay 0.0005% / 1h	7m 32s	$3.8M	$4.5M	40x
Short	Kalshi KXGOLDPERP	4,334.6	0.0064	get 0.0191% / 24h	8h 07m	$4.0M	$42.2M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against StandX. 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 StandXbpFee KalshibpOrdersPrice spread, now +0.021%Rate

Funding earned: $4.97
Price spread: +0.021% → −0.118%: $13.84
Slippage, 4 orders: −$9.18
Fee StandX: 4 bp × 2 orders: −$8
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$8.37
Costs to cover: 0.272%
Break-even: 18.8 days

Slippage from StandX: live order book, 2 min ago; Kalshi: live order book, 2 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 StandX live order book, 2 min ago	0.12 bp	4.8 bp −$5	5.3 bp −$53	6.8 bp −$677	8.2 bp −$4,086
Sell Kalshi live order book, 2 min ago	0.12 bp	6.7 bp −$7	7.4 bp −$74	12.8 bp −$1,279	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	−0.0054%	1h	4,327.4	−0.146%	$25K	$14K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,338.2	+0.103%	$92K	$8.1M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,330.6	−0.072%	$271K	—	250x	as long as short
Bybit XAUUSDT	+0.0006%	4h	4,337.3	+0.082%	$78.5M	$156.5M	150x	as long as short
Extended XAU-USD	+0.0032%	1h	4,332.5	−0.028%	$13.1M	$36.7M	25x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.386%	$619	$54	52x	as long as short
StandX XAU-USDlong	+0.0040%	1h	4,333.7	long leg	$3.8M	$4.5M	40x
QFEX GOLD-USD	+0.0044%	1h	4,334.2	+0.012%	$5.5M	$2.1M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,366.9	+0.766%	—	$1.0M	25x	as long as short
Lighter XAU	+0.0048%	1h	4,335.2	+0.036%	$20.4M	$31.8M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:GOLD	+0.0050%	1h	4,333	−0.016%	$292.2M	$51.6M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,332.1	−0.036%	$15.0M	$56.5M	25x	as long as short
RISEx XAU/USDC	+0.0054%	1h	4,337.2	+0.081%	$3.8M	$12.5M	25x	as long as short
Kalshi KXGOLDPERPshort	+0.0064%	24h	4,334.6	+0.021%	$4.0M	$42.2M	15x
Gate XAU_USDT	+0.0064%	4h	4,337.4	+0.086%	$271.4M	$417.7M	100x	as long as short
Paradex XAU-USD-PERP	+0.0071%	8h	4,336.2	+0.058%	$19K	$5K	5x	as long as short
Lighter RH XAU	+0.0072%	1h	4,337.9	+0.096%	$19.9M	$39.0M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,330	−0.085%	$2.0M	$4.8M	25x	as long as short
Aster XAUUSD1	+0.0096%	4h	4,337.4	+0.086%	$72.3M	$330.0M	20x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0096%	1h	4,332.1	−0.037%	$195K	$826K	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,333.1	−0.014%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,330	−0.085%	$273K	$208K	50x	as long as short
Variational Omni XAU	+0.0101%	4h	4,331.5	−0.051%	$46.8M	$28.6M	—	as long as short
GRVT XAU_USDT_Perp	+0.0104%	4h	4,333.5	−0.006%	$1.4M	$3.0M	25x	as long as short
MEXC XAU_USDT	+0.0110%	4h	4,335.9	+0.052%	$364.2M	$331.0M	1000x	as long as short
Binance XAUUSDT	+0.0111%	4h	4,336.3	+0.059%	$415.0M	$2.12B	100x	as long as short
Aevo XAU-PERP	+0.0112%	1h	4,333.1	−0.013%	$160K	$87	10x	as long as short
edgeX XAUUSDC	+0.0126%	4h	4,327.8	−0.136%	$30.1M	$60.3M	50x	as long as short
Phoenix GOLD	+0.0127%	1h	4,326.6	−0.164%	$47K	$77K	25x	as long as short
Hotstuff GOLD-PERP	+0.0152%	1h	4,331	−0.062%	$32K	—	25x	as long as short
Bullet GOLD-USD	+0.0160%	1h	4,334.3	+0.013%	$58K	$82K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0176%	1h	4,334.4	+0.016%	$4.2M	$2.0M	20x	as long as short
HTX XAU-USDT	+0.0230%	4h	4,336.6	+0.066%	$2.8M	$5.0M	75x	as long as short
Kraken Futures PF_XAUUSD	+0.0247%	1h	4,330.8	−0.067%	$590K	$130K	25x	as long as short
Bitget XAUUSDT	+0.0252%	4h	4,335.7	+0.046%	$68.1M	$118.9M	100x	as long as short
OKX XAU-USDT-SWAP	+0.0329%	8h	4,336.5	+0.065%	$170.6M	$297.3M	100x	as long as short
BloFin XAU-USDT	+0.0357%	4h	4,333.3	−0.008%	$16.0M	$4.5M	100x	as long as short
Phemex XAUUSDT	+0.0376%	4h	4,335.2	+0.034%	$2.2M	$962K	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0460% / S −0.0303%	1h	4,334.2	+0.011%	$253K	—	111x	as long as short