Funding you earn now, next payment 06:00 UTC+0.0173%/8h= +18.9% APRpaid last 24h +0.056%
Price spread now: BloFin against Kraken Futures−0.055%7-day average −0.025% · you buy dearer than you sell
Net, funding: paid 7d − costs+$16as in the Funding arb table
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$260.256% of the position
Funding, last 7 days+0.416%+$42 on $10k
+Price spread, last 4 days (all we have)+0.056%+$6 · spread now −0.055%, 7d avg −0.025%
=Funding pays, the price is against you. BloFin is 0.030% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.055% now, against its 7-day average of −0.025%). If the spread goes back, that is −$3 on $10k: about 14 hours of funding at the current rate (+$5 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_XAUTUSD | 4,348.6 | 0.0167 | pay 0.0021% / 1h | 50m 44s | $5.7M | $4.5M | 50x |
| Short | BloFin XAUT-USDT | 4,346.2 | 0.0340 | get 0.0170% / 4h | 2h 50m | $2.3M | $1.6M | 75x |
Kraken Futures PF_XAUTUSD
BloFin XAUT-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $36.33
- Price spread: −0.055% → −0.025%
- −$3.01
- Slippage, 4 orders
- −$3.57
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $7.75
- Costs to cover
- 0.256%
- Break-even
- 5.5 days
Slippage from Kraken Futures: live order book, 3 min ago; BloFin: 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 | 0.57 bp | 6.1 bp −$6 | 8.6 bp −$86 | 17.2 bp −$1,716 | doesn't fit |
| Sell BloFin live order book, 2 min ago | 0.23 bp | 7.0 bp −$7 | 8.3 bp −$83 | 12.8 bp −$1,276 | 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 | −0.0331% | 1h | 4,344.7 | −0.090% | $56K | $29K | 20x | as long as short |
| Bitget XAUTUSDT | −0.0034% | 4h | 4,346.5 | −0.048% | $25.9M | $15.4M | 75x | as long as short |
| Gate XAUT_USDT | 0.0000% | 8h | 4,347.9 | −0.016% | $130.6M | $8.0M | 100x | as long as short |
| Injective XAUT/USDC PERP | +0.0033% | 1h | 4,349.8 | +0.028% | $8K | $149K | 30x | as long as short |
| Variational Omni XAUT | +0.0049% | 4h | 4,345.7 | −0.067% | $33.1M | $3.4M | — | as long as short |
| SoDEX XAUT-USD | +0.0050% | 1h | 4,345.9 | −0.062% | $10.1M | $2.0M | 25x | as long as short |
| Binance XAUTUSDT | +0.0095% | 4h | 4,346.8 | −0.040% | $35.3M | $45.2M | 75x | as long as short |
| Extended XAUT-USD | +0.0096% | 1h | 4,345.6 | −0.068% | $268K | $214K | 25x | as long as short |
| Nado XAUT-PERP | +0.0100% | 1h | 4,346.5 | −0.047% | $4.2M | $912K | 10x | as long as short |
| Bybit XAUTUSDT | +0.0100% | 4h | 4,346.6 | −0.045% | $120.5M | $27.8M | 75x | as long as short |
Aftermath Perps XAUTUSD
Bitget XAUTUSDT
Gate XAUT_USDT
Injective XAUT/USDC PERP
Variational Omni XAUT
SoDEX XAUT-USD
Binance XAUTUSDT
Extended XAUT-USD
Nado XAUT-PERP
Bybit XAUTUSDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC XAUT_USDT | +0.0100% | 4h | 4,346.3 | −0.053% | $390.4M | $266.6M | 1000x | as long as short |
| KuCoin XAUTUSDTM | +0.0100% | 4h | 4,348.3 | −0.006% | $11.5M | $2.9M | 75x | as long as short |
| BingX XAUT-USDT | +0.0100% | 4h | 4,346.7 | −0.043% | — | $17.8M | — | as long as short |
| GRVT XAUT_USDT_Perp | +0.0100% | 4h | 4,343.3 | −0.122% | $300 | $105K | 10x | as long as short |
| Orderly PERP_XAUT_USDC_mythos | +0.0100% | 4h | 4,346.5 | −0.048% | $267 | $17K | 10x | as long as short |
| Derive XAUT-PERP | +0.0100% | 1h | 4,347.7 | −0.020% | $1.8M | $304K | 10x | as long as short |
| SunX XAUT-USDT | +0.0100% | 4h | 4,352.3 | +0.085% | $2K | $3.3M | 20x | as long as short |
| HTX XAUT-USDT | +0.0100% | 4h | 4,342.8 | −0.134% | $1.8M | $235K | 75x | as long as short |
| Kraken Futures PF_XAUTUSDlong | +0.0167% | 1h | 4,348.6 | long leg | $5.7M | $4.5M | 50x | |
| BloFin XAUT-USDTshort | +0.0340% | 4h | 4,346.2 | −0.055% | $2.3M | $1.6M | 75x |
MEXC XAUT_USDT
KuCoin XAUTUSDTM
BingX XAUT-USDT
GRVT XAUT_USDT_Perp
Orderly PERP_XAUT_USDC_mythos
Derive XAUT-PERP
SunX XAUT-USDT
HTX XAUT-USDT