Funding you earn now, next payment 00:00 UTC−0.0005%/8h= −0.5% APRpaid last 24h +0.022%
Price spread now: Binance against Kraken Futures−0.044%7-day average −0.023% · you buy dearer than you sell
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$220.220% of the position
Funding, last 7 days−0.025%−$2 on $10k
+Price spread, last 3 days (all we have)−0.015%−$2 · spread now −0.044%, 7d avg −0.023%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.021% cheaper against Kraken Futures than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.023%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_XAUTUSD | 4,364.4 | 0.0105 | pay 0.0013% / 1h | 49m 13s | $5.3M | $3.6M | 50x |
| Short | Binance XAUTUSDT | 4,362.5 | 0.0100 | get 0.0050% / 4h | 49m 13s | $35.5M | $46.1M | 75x |
Kraken Futures PF_XAUTUSD
Binance XAUTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Kraken Futures. 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
- −$0.97
- Price spread: −0.044% → −0.023%
- −$2.08
- Slippage, 4 orders
- −$2.04
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$25.09
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 5 min ago; Binance: live order book, 8 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 Kraken Futures live order book, 5 min ago | 0.34 bp | 6.6 bp −$7 | 7.9 bp −$79 | 17.9 bp −$1,792 | doesn't fit |
| Sell Binance live order book, 8 min ago | 0.01 bp | 5.1 bp −$5 | 6.5 bp −$65 | 15.5 bp −$1,553 | 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 | −0.0191% | 1h | 4,362.9 | −0.034% | $56K | $32K | 20x | as long as short |
| Bitget XAUTUSDT | −0.0152% | 4h | 4,362.2 | −0.051% | $26.2M | $14.9M | 75x | as long as short |
| Injective XAUT/USDC PERP | −0.0055% | 1h | 4,349.8 | −0.335% | $8K | $149K | 30x | as long as short |
| Gate XAUT_USDT | 0.0000% | 8h | 4,363.3 | −0.025% | $131.9M | $7.9M | 100x | as long as short |
| MEXC XAUT_USDT | +0.0046% | 4h | 4,362.1 | −0.053% | $342.3M | $276.1M | 1000x | as long as short |
| Bybit XAUTUSDT | +0.0046% | 4h | 4,362 | −0.055% | $120.9M | $27.2M | 75x | as long as short |
| SoDEX XAUT-USD | +0.0050% | 1h | 4,364.2 | −0.005% | $10.2M | $2.0M | 25x | as long as short |
| Variational Omni XAUT | +0.0055% | 4h | 4,361.1 | −0.075% | $33.3M | $3.3M | — | as long as short |
| Nado XAUT-PERP | +0.0100% | 1h | 4,362.1 | −0.054% | $4.2M | $991K | 10x | as long as short |
| Binance XAUTUSDTshort | +0.0100% | 4h | 4,362.5 | −0.044% | $35.5M | $46.1M | 75x |
Aftermath Perps XAUTUSD
Bitget XAUTUSDT
Injective XAUT/USDC PERP
Gate XAUT_USDT
MEXC XAUT_USDT
Bybit XAUTUSDT
SoDEX XAUT-USD
Variational Omni XAUT
Nado XAUT-PERPShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin XAUTUSDTM | +0.0100% | 4h | 4,364.4 | 0.000% | $11.4M | $3.0M | 75x | as long as short |
| BingX XAUT-USDT | +0.0100% | 4h | 4,362.6 | −0.041% | — | $17.9M | — | as long as short |
| GRVT XAUT_USDT_Perp | +0.0100% | 4h | 4,362.2 | −0.049% | $925 | $111K | 10x | as long as short |
| Orderly PERP_XAUT_USDC_mythos | +0.0100% | 4h | 4,362.7 | −0.039% | $268 | $17K | 10x | as long as short |
| Derive XAUT-PERP | +0.0100% | 1h | 4,364.4 | 0.000% | $1.9M | $180K | 10x | as long as short |
| SunX XAUT-USDT | +0.0100% | 4h | 4,368.4 | +0.092% | $2K | $3.7M | 20x | as long as short |
| HTX XAUT-USDT | +0.0100% | 4h | 4,360.9 | −0.081% | $1.9M | $231K | 75x | as long as short |
| Extended XAUT-USD | +0.0104% | 1h | 4,361.6 | −0.064% | $272K | $231K | 25x | as long as short |
| Kraken Futures PF_XAUTUSDlong | +0.0105% | 1h | 4,364.4 | long leg | $5.3M | $3.6M | 50x | |
| BloFin XAUT-USDT | +0.0185% | 4h | 4,362.2 | −0.050% | $2.3M | $1.7M | 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