Funding you earn now, next payment 00:00 UTC+0.0314%/8h= +34.4% APRnext payment +$1.57 per $10,000 · paid last 24h +0.017%
Price spread now: KuCoin against Bitget+0.066%7-day average +0.021% · 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−$24as in the Price arb table
costs, in and out, $10k−$290.288% of the position
Funding, last 7 days+0.054%+$5 on $10k
+Price spread, last 7 days−0.087%−$9 · spread now +0.066%, 7d avg +0.021%
=Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and KuCoin is 0.045% dearer against Bitget than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.021%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.054% in total (about 2.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.57 per $10,000. 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 | 4,348.7 | −0.0214 | get 0.0107% / 4h | 1h 33m | $26.2M | $14.7M | 75x |
| Short | KuCoin XAUTUSDTM | 4,351.5 | 0.0100 | get 0.0050% / 4h | 1h 33m | $11.5M | $2.9M | 75x |
Bitget XAUTUSDT
KuCoin XAUTUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $65.94
- Price spread: +0.066% → +0.021%
- $4.51
- Slippage, 4 orders
- −$4.79
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- $41.66
- Costs to cover
- 0.288%
- Break-even
- 2.6 days
Slippage from Bitget: live order book, 1 min ago; KuCoin: live order book, 5 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, 1 min ago | 0.01 bp | 7.3 bp −$7 | 10.2 bp −$102 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 5 min ago | 0.01 bp | 7.4 bp −$7 | doesn't fit | doesn't fit | 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 XAUTUSDTlong | −0.0214% | 4h | 4,348.7 | long leg | $26.2M | $14.7M | 75x | |
| Aftermath Perps XAUTUSD | −0.0202% | 1h | 4,351.1 | +0.056% | $56K | $33K | 20x | as long as short |
| Kraken Futures PF_XAUTUSD | −0.0105% | 1h | 4,351.6 | +0.068% | $5.3M | $3.5M | 50x | as long as short |
| Injective XAUT/USDC PERP | −0.0039% | 1h | 4,339.7 | −0.206% | $8K | $119K | 30x | as long as short |
| Gate XAUT_USDT | 0.0000% | 8h | 4,350.7 | +0.047% | $131.8M | $8.0M | 100x | as long as short |
| SoDEX XAUT-USD | +0.0050% | 1h | 4,351.2 | +0.059% | $10.2M | $2.0M | 25x | as long as short |
| Variational Omni XAUT | +0.0061% | 4h | 4,348.5 | −0.002% | $33.2M | $3.3M | — | as long as short |
| Bybit XAUTUSDT | +0.0065% | 4h | 4,348.6 | 0.000% | $120.6M | $27.0M | 75x | as long as short |
| MEXC XAUT_USDT | +0.0068% | 4h | 4,348.9 | +0.006% | $339.3M | $281.8M | 1000x | as long as short |
| Nado XAUT-PERP | +0.0100% | 1h | 4,348.6 | −0.001% | $4.2M | $976K | 10x | as long as short |
Aftermath Perps XAUTUSD
Kraken Futures PF_XAUTUSD
Injective XAUT/USDC PERP
Gate XAUT_USDT
SoDEX XAUT-USD
Variational Omni XAUT
Bybit XAUTUSDT
MEXC XAUT_USDT
Nado XAUT-PERPShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance XAUTUSDT | +0.0100% | 4h | 4,349.7 | +0.024% | $35.4M | $45.4M | 75x | as long as short |
| KuCoin XAUTUSDTMshort | +0.0100% | 4h | 4,351.5 | +0.066% | $11.5M | $2.9M | 75x | |
| BingX XAUT-USDT | +0.0100% | 4h | 4,349.3 | +0.015% | — | $17.8M | — | as long as short |
| GRVT XAUT_USDT_Perp | +0.0100% | 4h | 4,350.2 | +0.035% | $561 | $113K | 10x | as long as short |
| Orderly PERP_XAUT_USDC_mythos | +0.0100% | 4h | 4,350 | +0.031% | $267 | $17K | 10x | as long as short |
| Derive XAUT-PERP | +0.0100% | 1h | 4,350.7 | +0.047% | $1.8M | $175K | 10x | as long as short |
| SunX XAUT-USDT | +0.0100% | 4h | 4,353.9 | +0.121% | $3K | $3.7M | 20x | as long as short |
| HTX XAUT-USDT | +0.0100% | 4h | 4,347.1 | −0.035% | $1.8M | $230K | 75x | as long as short |
| Extended XAUT-USD | +0.0104% | 1h | 4,348.9 | +0.005% | $272K | $217K | 25x | as long as short |
| BloFin XAUT-USDT | +0.0258% | 4h | 4,349.1 | +0.010% | $2.3M | $1.7M | 75x | as long as short |
Binance XAUTUSDT
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