Funding you earn now, next payment 07:00 UTC+0.0130%/8h= +14.2% APRnext payment +$0.16 per $10,000 · paid last 24h −0.012%
Price spread now: Kraken Futures against Derive+0.037%7-day average −0.004% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.066%−$7 on $10k
+Price spread, last 4 days (all we have)−0.034%−$3 · spread now +0.037%, 7d avg −0.004%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Kraken Futures is 0.041% dearer against Derive than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.004%. Mind the row above: over the last 7 days funding on this pair cost −0.066%, 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 | Derive XAUT-PERP | 4,321.9 | 0.0100 | pay 0.0013% / 1h | 6m 38s | $1.8M | $378K | 10x |
| Short | Kraken Futures PF_XAUTUSD | 4,323.5 | 0.0230 | get 0.0029% / 1h | 6m 38s | $5.7M | $4.9M | 50x |
Derive XAUT-PERP
Kraken Futures PF_XAUTUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Derive. 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
- $27.31
- Price spread: +0.037% → −0.004%
- $4.12
- Slippage, 4 orders
- no order book: not counted
- Fee Derive: 3 bp × 2 orders
- −$6
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $15.43
- Costs to cover
- 0.160%
- Break-even
- 3.0 days
Slippage unknown: Derive: no order-book sample; Kraken Futures: live order book, 2 min ago. Net counts fees only.
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 Derive no order-book sample | — | — | — | — | — |
| Sell Kraken Futures live order book, 2 min ago | 0.35 bp | 6.7 bp −$7 | 7.9 bp −$79 | 13.9 bp −$1,388 | doesn't fit |
Derive: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0237% | 1h | 4,321.7 | −0.006% | $55K | $11K | 20x | as long as short |
| Bitget XAUTUSDT | −0.0018% | 4h | 4,320.6 | −0.030% | $25.4M | $17.0M | 75x | as long as short |
| Gate XAUT_USDT | 0.0000% | 8h | 4,322.5 | +0.014% | $130.6M | $8.8M | 100x | as long as short |
| Injective XAUT/USDC PERP | +0.0033% | 1h | 4,349.8 | +0.646% | $8K | $149K | 30x | as long as short |
| Variational Omni XAUT | +0.0040% | 4h | 4,320.4 | −0.036% | $33.0M | $3.3M | — | as long as short |
| MEXC XAUT_USDT | +0.0050% | 4h | 4,320.7 | −0.028% | $361.6M | $282.6M | 1000x | as long as short |
| SoDEX XAUT-USD | +0.0050% | 1h | 4,320.8 | −0.025% | $10.1M | $2.1M | 25x | as long as short |
| Bybit XAUTUSDT | +0.0052% | 4h | 4,320.6 | −0.030% | $119.3M | $30.8M | 75x | as long as short |
| Nado XAUT-PERP | +0.0100% | 1h | 4,321.5 | −0.008% | $4.2M | $936K | 10x | as long as short |
| Binance XAUTUSDT | +0.0100% | 4h | 4,321.1 | −0.019% | $35.4M | $47.3M | 75x | as long as short |
Aftermath Perps XAUTUSD
Bitget XAUTUSDT
Gate XAUT_USDT
Injective XAUT/USDC PERP
Variational Omni XAUT
MEXC XAUT_USDT
SoDEX XAUT-USD
Bybit XAUTUSDT
Nado XAUT-PERP
Binance XAUTUSDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin XAUTUSDTM | +0.0100% | 4h | 4,322.5 | +0.013% | $11.6M | $3.1M | 75x | as long as short |
| BingX XAUT-USDT | +0.0100% | 4h | 4,321.1 | −0.019% | — | $18.9M | — | as long as short |
| GRVT XAUT_USDT_Perp | +0.0100% | 4h | 4,321.6 | −0.007% | $687 | $110K | 10x | as long as short |
| Orderly PERP_XAUT_USDC_mythos | +0.0100% | 4h | 4,321.2 | −0.016% | $265 | $17K | 10x | as long as short |
| Derive XAUT-PERPlong | +0.0100% | 1h | 4,321.9 | long leg | $1.8M | $378K | 10x | |
| SunX XAUT-USDT | +0.0100% | 4h | 4,327.4 | +0.127% | $2K | $3.1M | 20x | as long as short |
| HTX XAUT-USDT | +0.0100% | 4h | 4,320.3 | −0.036% | $1.8M | $251K | 75x | as long as short |
| Extended XAUT-USD | +0.0104% | 1h | 4,319.8 | −0.049% | $267K | $214K | 25x | as long as short |
| BloFin XAUT-USDT | +0.0208% | 4h | 4,321.9 | 0.000% | $2.3M | $1.6M | 75x | as long as short |
| Kraken Futures PF_XAUTUSDshort | +0.0230% | 1h | 4,323.5 | +0.037% | $5.7M | $4.9M | 50x |
KuCoin XAUTUSDTM
BingX XAUT-USDT
GRVT XAUT_USDT_Perp
Orderly PERP_XAUT_USDC_mythos
SunX XAUT-USDT
HTX XAUT-USDT
Extended XAUT-USD
BloFin XAUT-USDT