We study the dynamics of the kinetic wave equation associated to the three dimensional Schrödinger equation close to Rayleigh-Jeans equilibria. We first prove that the linearised operator generates a semigroup of contractions in . Considering the family of nonsingular Rayleigh-Jeans spectra, we prove that the linearised operator possesses a spectral gap, despite the non-compactness of the integral collisional operator, and thus obtain an exponential relaxation for the linear semigroup. We then prove bilinear and trilinear estimates in the relevant norm for the nonlinear terms and deduce global well-posedness and exponential relaxation for sufficiently small relative perturbations of Rayleigh-Jeans equilibria. To our knowledge, this is the first global strong well-posedness and asymptotic stability result near a nonzero thermodynamic equilibrium for the full spatially homogeneous four-wave kinetic equation associated with the cubic nonlinear Schrödinger equation.

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