Funding you earn now, next payment 08:00 UTC+0.0124%/8h= +13.6% APRnext payment +$0.16 per $10,000 · paid last 24h −0.003%
Price spread now: Kraken Futures against Extended+0.092%7-day average +0.052% · you sell dearer than you buy
Net, funding: paid 7d − costs−$18as in the Funding arb table
Net, price: spread back to 7d avg − costs−$16as in the Price arb table
costs, in and out, $10k−$200.202% of the position
Funding, last 7 days+0.025%+$2 on $10k
+Price spread, last 4 days (all we have)−0.024%−$2 · spread now +0.092%, 7d avg +0.052%
=Together, before fees+0.001%+ Points / potential airdropExtended: Active · farm board$0 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Kraken Futures is 0.040% dearer against Extended than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.052%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended XAUT-USD | 4,323.1 | 0.0104 | pay 0.0013% / 1h | 39m 24s | $267K | $214K | 25x |
| Short | Kraken Futures PF_XAUTUSD | 4,327 | 0.0228 | get 0.0029% / 1h | 39m 24s | $5.9M | $5.3M | 50x |
Extended XAUT-USD
Kraken Futures PF_XAUTUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Extended. 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
- $26.07
- Price spread: +0.092% → +0.052%
- $3.96
- Slippage, 4 orders
- −$5.22
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $9.82
- Costs to cover
- 0.202%
- Break-even
- 4.4 days
Slippage from Extended: live order book, 63 min ago; Kraken Futures: 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 Extended live order book, 63 min ago | 0.12 bp | 2.8 bp −$3 | 5.4 bp −$54 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 5 min ago | 1.16 bp | 7.3 bp −$7 | 8.3 bp −$83 | 15.9 bp −$1,592 | 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 | −0.0234% | 1h | 4,323.4 | +0.008% | $55K | $11K | 20x | as long as short |
| Bitget XAUTUSDT | −0.0002% | 4h | 4,323.6 | +0.011% | $25.5M | $16.8M | 75x | as long as short |
| Gate XAUT_USDT | 0.0000% | 8h | 4,325.7 | +0.061% | $131.6M | $8.7M | 100x | as long as short |
| Injective XAUT/USDC PERP | +0.0033% | 1h | 4,349.8 | +0.618% | $8K | $149K | 30x | as long as short |
| SoDEX XAUT-USD | +0.0050% | 1h | 4,324.2 | +0.026% | $10.1M | $2.1M | 25x | as long as short |
| Variational Omni XAUT | +0.0056% | 4h | 4,323 | −0.001% | $32.9M | $3.4M | — | as long as short |
| Bybit XAUTUSDT | +0.0082% | 4h | 4,323.7 | +0.014% | $119.3M | $31.0M | 75x | as long as short |
| MEXC XAUT_USDT | +0.0082% | 4h | 4,323.7 | +0.015% | $361.1M | $277.3M | 1000x | as long as short |
| Nado XAUT-PERP | +0.0100% | 1h | 4,323.5 | +0.010% | $4.2M | $902K | 10x | as long as short |
| Binance XAUTUSDT | +0.0100% | 4h | 4,323.7 | +0.015% | $35.5M | $47.2M | 75x | as long as short |
Aftermath Perps XAUTUSD
Bitget XAUTUSDT
Gate XAUT_USDT
Injective XAUT/USDC PERP
SoDEX XAUT-USD
Variational Omni XAUT
Bybit XAUTUSDT
MEXC XAUT_USDT
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 | 4,325.8 | +0.064% | $11.7M | $3.1M | 75x | as long as short |
| BingX XAUT-USDT | +0.0100% | 4h | 4,324.7 | +0.038% | — | $18.9M | — | as long as short |
| GRVT XAUT_USDT_Perp | +0.0100% | 4h | 4,324.4 | +0.032% | $701 | $111K | 10x | as long as short |
| Orderly PERP_XAUT_USDC_mythos | +0.0100% | 4h | 4,324.8 | +0.040% | $266 | $17K | 10x | as long as short |
| Derive XAUT-PERP | +0.0100% | 1h | 4,325.8 | +0.063% | $1.8M | $362K | 10x | as long as short |
| SunX XAUT-USDT | +0.0100% | 4h | 4,330.9 | +0.182% | $3K | $3.1M | 20x | as long as short |
| HTX XAUT-USDT | +0.0100% | 4h | 4,322 | −0.026% | $1.8M | $250K | 75x | as long as short |
| Extended XAUT-USDlong | +0.0104% | 1h | 4,323.1 | long leg | $267K | $214K | 25x | |
| Kraken Futures PF_XAUTUSDshort | +0.0228% | 1h | 4,327 | +0.092% | $5.9M | $5.3M | 50x | |
| BloFin XAUT-USDT | +0.0325% | 4h | 4,323.7 | +0.015% | $2.3M | $1.5M | 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
BloFin XAUT-USDT