Funding you earn now, next payment 08:00 UTC+0.0287%/8h= +31.5% APRpaid last 24h +0.015%
Price spread now: Kraken Futures against Bitget+0.056%7-day average +0.033% · you sell dearer than you buy
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$250.255% of the position
Funding, last 7 days+0.051%+$5 on $10k
+Price spread, last 4 days (all we have)−0.013%−$1 · spread now +0.056%, 7d avg +0.033%
=Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Kraken Futures is 0.023% dearer against Bitget than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.033%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.051% in total (about 2.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget XAUTUSDT | 4,302.5 | −0.0058 | get 0.0029% / 4h | 3h 59m | $27.4M | $20.3M | 75x |
| Short | Kraken Futures PF_XAUTUSD | 4,305 | 0.0229 | get 0.0029% / 1h | 59m 45s | $5.8M | $5.3M | 50x |
Bitget XAUTUSDT
Kraken Futures PF_XAUTUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Bitget. 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
- $60.34
- Price spread: +0.056% → +0.033%
- $2.32
- Slippage, 4 orders
- −$3.48
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $37.18
- Costs to cover
- 0.255%
- Break-even
- 2.7 days
Slippage from Bitget: live order book, 4 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 Bitget live order book, 4 min ago | 0.01 bp | 6.2 bp −$6 | 7.1 bp −$71 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 4 min ago | 0.12 bp | 5.8 bp −$6 | 7.6 bp −$76 | 16.6 bp −$1,660 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps XAUTUSD | −0.0229% | 1h | 4,305.2 | +0.061% | $55K | $11K | 20x | as long as short |
| Bitget XAUTUSDTlong | −0.0058% | 4h | 4,302.5 | long leg | $27.4M | $20.3M | 75x | |
| Gate XAUT_USDT | 0.0000% | 8h | 4,306 | +0.081% | $130.6M | $9.3M | 100x | as long as short |
| Injective XAUT/USDC PERP | +0.0033% | 1h | 4,349.8 | +1.099% | $8K | $149K | 30x | as long as short |
| SoDEX XAUT-USD | +0.0050% | 1h | 4,301.6 | −0.022% | $10.1M | $2.1M | 25x | as long as short |
| Variational Omni XAUT | +0.0080% | 4h | 4,302.1 | −0.011% | $32.7M | $3.4M | — | as long as short |
| Nado XAUT-PERP | +0.0100% | 1h | 4,302.6 | +0.002% | $4.1M | $957K | 10x | as long as short |
| Binance XAUTUSDT | +0.0100% | 4h | 4,303.8 | +0.030% | $35.7M | $47.6M | 75x | as long as short |
| Bybit XAUTUSDT | +0.0100% | 4h | 4,304 | +0.034% | $118.4M | $31.5M | 75x | as long as short |
| MEXC XAUT_USDT | +0.0100% | 4h | 4,304.2 | +0.039% | $369.8M | $290.1M | 1000x | as long as short |
Aftermath Perps XAUTUSD
Gate XAUT_USDT
Injective XAUT/USDC PERP
SoDEX XAUT-USD
Variational Omni XAUT
Nado XAUT-PERP
Binance XAUTUSDT
Bybit XAUTUSDT
MEXC XAUT_USDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin XAUTUSDTM | +0.0100% | 4h | 4,306.3 | +0.087% | $12.0M | $3.3M | 75x | as long as short |
| BingX XAUT-USDT | +0.0100% | 4h | 4,304.3 | +0.042% | — | $19.6M | — | as long as short |
| GRVT XAUT_USDT_Perp | +0.0100% | 4h | 4,305.2 | +0.062% | $586 | $111K | 10x | as long as short |
| Orderly PERP_XAUT_USDC_mythos | +0.0100% | 4h | 4,303.1 | +0.013% | $264 | $17K | 10x | as long as short |
| Derive XAUT-PERP | +0.0100% | 1h | 4,303 | +0.012% | $1.8M | $350K | 10x | as long as short |
| SunX XAUT-USDT | +0.0100% | 4h | 4,307.1 | +0.106% | $2K | $3.0M | 20x | as long as short |
| HTX XAUT-USDT | +0.0100% | 4h | 4,302 | −0.012% | $1.8M | $204K | 75x | as long as short |
| Extended XAUT-USD | +0.0104% | 1h | 4,302.8 | +0.005% | $267K | $196K | 25x | as long as short |
| Kraken Futures PF_XAUTUSDshort | +0.0229% | 1h | 4,305 | +0.056% | $5.8M | $5.3M | 50x | |
| BloFin XAUT-USDT | +0.0340% | 4h | 4,305.1 | +0.060% | $2.3M | $1.6M | 75x | as long as short |
KuCoin XAUTUSDTM
BingX XAUT-USDT
GRVT XAUT_USDT_Perp
Orderly PERP_XAUT_USDC_mythos
Derive XAUT-PERP
SunX XAUT-USDT
HTX XAUT-USDT
Extended XAUT-USD
BloFin XAUT-USDT