Funding you earn now, next payment 22:00 UTC−0.0167%/8h= −18.3% APRpaid last 24h −0.018%
Price spread now: Kraken Futures against Binance+0.027%7-day average +0.022% · you sell dearer than you buy
Net, funding: paid 7d − costs−$23as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$260.259% of the position
Funding, last 7 days+0.028%+$3 on $10k
+Price spread, last 3 days (all we have)+0.064%+$6 · spread now +0.027%, 7d avg +0.022%
=The price spread sits at its 7-day average of +0.022%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance XAUTUSDT | 4,341.7 | 0.0070 | pay 0.0035% / 4h | 2h 20m | $35.2M | $45.5M | 75x |
| Short | Kraken Futures PF_XAUTUSD | 4,342.9 | −0.0097 | pay 0.0012% / 1h | 20m 18s | $5.3M | $3.4M | 50x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Binance. 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
- −$35.16
- Price spread: +0.027% → +0.022%
- $0.56
- Slippage, 4 orders
- −$5.88
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$60.48
- Costs to cover
- 0.259%
- Break-even
- never at this rate
Slippage from Binance: live order book, 7 min ago; Kraken Futures: live order book, 4 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 Binance live order book, 7 min ago | 0.01 bp | 5.1 bp −$5 | 8.4 bp −$84 | 22.7 bp −$2,269 | doesn't fit |
| Sell Kraken Futures live order book, 4 min ago | 1.96 bp | 8.8 bp −$9 | 11.1 bp −$111 | 23.6 bp −$2,357 | doesn't fit |
XAUT on 20 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget XAUTUSDT | −0.0228% | 4h | 4,339.5 | −0.051% | $26.4M | $15.1M | 75x | as long as short |
| Aftermath Perps XAUTUSD | −0.0203% | 1h | 4,341.5 | −0.004% | $56K | $33K | 20x | as long as short |
| Kraken Futures PF_XAUTUSDshort | −0.0097% | 1h | 4,342.9 | +0.027% | $5.3M | $3.4M | 50x | |
| Injective XAUT/USDC PERP | −0.0056% | 1h | 4,343.8 | +0.048% | $8K | $76K | 30x | as long as short |
| Gate XAUT_USDT | 0.0000% | 8h | 4,342.6 | +0.021% | $131.9M | $8.9M | 100x | as long as short |
| Variational Omni XAUT | +0.0040% | 4h | 4,340.9 | −0.018% | $33.1M | $3.3M | — | as long as short |
| SoDEX XAUT-USD | +0.0050% | 1h | 4,343.1 | +0.032% | $10.1M | $2.1M | 25x | as long as short |
| Binance XAUTUSDTlong | +0.0070% | 4h | 4,341.7 | long leg | $35.2M | $45.5M | 75x | |
| Extended XAUT-USD | +0.0072% | 1h | 4,341.1 | −0.013% | $272K | $217K | 25x | as long as short |
| Nado XAUT-PERP | +0.0100% | 1h | 4,341.2 | −0.012% | $4.2M | $915K | 10x | as long as short |
Show all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit XAUTUSDT | +0.0100% | 4h | 4,341.2 | −0.012% | $120.5M | $27.3M | 75x | as long as short |
| MEXC XAUT_USDT | +0.0100% | 4h | 4,341.4 | −0.007% | $349.0M | $276.2M | 1000x | as long as short |
| KuCoin XAUTUSDTM | +0.0100% | 4h | 4,342.5 | +0.018% | $11.5M | $3.1M | 75x | as long as short |
| BingX XAUT-USDT | +0.0100% | 4h | 4,341 | −0.016% | — | $17.7M | — | as long as short |
| GRVT XAUT_USDT_Perp | +0.0100% | 4h | 4,341.2 | −0.011% | $521 | $115K | 10x | as long as short |
| Orderly PERP_XAUT_USDC_mythos | +0.0100% | 4h | 4,341.3 | −0.009% | $267 | $17K | 10x | as long as short |
| Derive XAUT-PERP | +0.0100% | 1h | 4,342.4 | +0.016% | $1.8M | $175K | 10x | as long as short |
| SunX XAUT-USDT | +0.0100% | 4h | 4,347 | +0.122% | $2K | $3.8M | 20x | as long as short |
| HTX XAUT-USDT | +0.0100% | 4h | 4,339 | −0.063% | $1.8M | $230K | 75x | as long as short |
| BloFin XAUT-USDT | +0.0340% | 4h | 4,341.8 | +0.002% | $2.4M | $1.7M | 75x | as long as short |
Binance XAUTUSDT
Kraken Futures PF_XAUTUSD
Bitget XAUTUSDT
Aftermath Perps XAUTUSD
Injective XAUT/USDC PERP
Gate XAUT_USDT
Variational Omni XAUT
SoDEX XAUT-USD
Extended XAUT-USD
Bybit XAUTUSDT
MEXC XAUT_USDT
KuCoin XAUTUSDTM
BingX XAUT-USDT
GRVT XAUT_USDT_Perp
Derive XAUT-PERP
SunX XAUT-USDT
HTX XAUT-USDT
BloFin XAUT-USDT