Funding you earn now, next payment 06:00 UTC−0.0076%/8h= −8.3% APRpaid last 24h +0.005%
Price spread now: BingX against Kraken Futures−0.034%7-day average −0.020% · you buy dearer than you sell
Net, funding: paid 7d − costs−$21as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$230.232% of the position
Funding, last 7 days+0.025%+$2 on $10k
+Price spread, last 4 days (all we have)−0.010%−$1 · spread now −0.034%, 7d avg −0.020%
=The price spread sits at its 7-day average of −0.020%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_XAUTUSD | 4,334.8 | 0.0168 | pay 0.0021% / 1h | 36m 06s | $5.6M | $4.6M | 50x |
| Short | BingX XAUT-USDT | 4,333.4 | 0.0092 | get 0.0046% / 4h | 2h 36m | — | $17.7M | — |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- −$15.86
- Price spread: −0.034% → −0.020%
- −$1.36
- Slippage, 4 orders
- −$3.23
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$40.46
- Costs to cover
- 0.232%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 3 min ago; BingX: live order book, 2 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, 3 min ago | 0.12 bp | 5.3 bp −$5 | 7.6 bp −$76 | 17.0 bp −$1,696 | doesn't fit |
| Sell BingX live order book, 2 min ago | 0.14 bp | 5.5 bp −$6 | 7.5 bp −$75 | 12.7 bp −$1,271 | 35.1 bp −$17.6K |
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 | −0.0319% | 1h | 4,341.3 | +0.148% | $56K | $29K | 20x | as long as short |
| Bitget XAUTUSDT | −0.0036% | 4h | 4,333 | −0.043% | $25.9M | $16.2M | 75x | as long as short |
| Gate XAUT_USDT | 0.0000% | 8h | 4,335.1 | +0.006% | $130.1M | $8.1M | 100x | as long as short |
| Injective XAUT/USDC PERP | +0.0033% | 1h | 4,349.8 | +0.345% | $8K | $149K | 30x | as long as short |
| Variational Omni XAUT | +0.0046% | 4h | 4,345.2 | +0.240% | $33.1M | $3.4M | — | as long as short |
| SoDEX XAUT-USD | +0.0050% | 1h | 4,331.4 | −0.079% | $10.1M | $2.0M | 25x | as long as short |
| Bybit XAUTUSDT | +0.0083% | 4h | 4,333.1 | −0.040% | $120.3M | $27.9M | 75x | as long as short |
| MEXC XAUT_USDT | +0.0084% | 4h | 4,333 | −0.042% | $389.4M | $270.5M | 1000x | as long as short |
| Extended XAUT-USD | +0.0088% | 1h | 4,331.5 | −0.077% | $268K | $214K | 25x | as long as short |
| Binance XAUTUSDT | +0.0091% | 4h | 4,333.4 | −0.033% | $35.2M | $45.4M | 75x | as long as short |
Show all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX XAUT-USDTshort | +0.0092% | 4h | 4,333.4 | −0.034% | — | $17.7M | — | |
| Nado XAUT-PERP | +0.0100% | 1h | 4,335.7 | +0.019% | $4.2M | $888K | 10x | as long as short |
| KuCoin XAUTUSDTM | +0.0100% | 4h | 4,335 | +0.004% | $11.5M | $2.9M | 75x | as long as short |
| GRVT XAUT_USDT_Perp | +0.0100% | 4h | 4,339.7 | +0.112% | $1K | $105K | 10x | as long as short |
| Orderly PERP_XAUT_USDC_mythos | +0.0100% | 4h | 4,332.8 | −0.047% | $266 | $17K | 10x | as long as short |
| Derive XAUT-PERP | +0.0100% | 1h | 4,333.6 | −0.028% | $1.8M | $304K | 10x | as long as short |
| SunX XAUT-USDT | +0.0100% | 4h | 4,338.1 | +0.074% | $3K | $3.2M | 20x | as long as short |
| HTX XAUT-USDT | +0.0100% | 4h | 4,334.7 | −0.003% | $1.8M | $236K | 75x | as long as short |
| Kraken Futures PF_XAUTUSDlong | +0.0168% | 1h | 4,334.8 | long leg | $5.6M | $4.6M | 50x | |
| BloFin XAUT-USDT | +0.0326% | 4h | 4,336.2 | +0.031% | $2.3M | $1.6M | 75x | as long as short |
Kraken Futures PF_XAUTUSD
BingX XAUT-USDT
Aftermath Perps XAUTUSD
Bitget XAUTUSDT
Gate XAUT_USDT
Injective XAUT/USDC PERP
Variational Omni XAUT
SoDEX XAUT-USD
Bybit XAUTUSDT
MEXC XAUT_USDT
Extended XAUT-USD
Binance XAUTUSDT
KuCoin XAUTUSDTM
GRVT XAUT_USDT_Perp
Derive XAUT-PERP
SunX XAUT-USDT
HTX XAUT-USDT
BloFin XAUT-USDT