Funding you earn now, next payment 01:00 UTC−0.0014%/8h= −1.5% APRnext payment −$0.02 per $10,000 · paid last 24h +0.023%
Price spread now: Extended against Kraken Futures−0.089%7-day average −0.052% · you buy dearer than you sell
Net, funding: paid 7d − costs−$18as in the Funding arb table
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$160.159% of the position
Funding, last 7 days−0.021%−$2 on $10k
+Price spread, last 3 days (all we have)+0.013%+$1 · spread now −0.089%, 7d avg −0.052%
=Together, before fees−0.008%+ Points / potential airdropExtended: Active · farm board−$1 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Extended is 0.037% cheaper against Kraken Futures than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.052%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_XAUTUSD | 4,361.5 | 0.0118 | pay 0.0015% / 1h | 37m 26s | $5.3M | $4.0M | 50x |
| Short | Extended XAUT-USD | 4,357.7 | 0.0104 | get 0.0013% / 1h | 37m 26s | $274K | $231K | 25x |
Kraken Futures PF_XAUTUSD
Extended XAUT-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- −$2.96
- Price spread: −0.089% → −0.052%
- −$3.69
- Slippage, 4 orders
- −$0.89
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$22.55
- Costs to cover
- 0.159%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 1 min ago; Extended: live order book, 35 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, 1 min ago | 0.12 bp | 5.1 bp −$5 | 8.6 bp −$86 | 18.0 bp −$1,799 | doesn't fit |
| Sell Extended live order book, 35 min ago | 0.12 bp | 2.8 bp −$3 | 6.6 bp −$66 | doesn't fit | 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 | −0.0190% | 1h | 4,359.4 | −0.050% | $56K | $31K | 20x | as long as short |
| Bitget XAUTUSDT | −0.0058% | 4h | 4,357.3 | −0.098% | $25.9M | $15.3M | 75x | as long as short |
| Gate XAUT_USDT | 0.0000% | 8h | 4,360 | −0.035% | $131.3M | $8.1M | 100x | as long as short |
| Injective XAUT/USDC PERP | +0.0033% | 1h | 4,349.8 | −0.269% | $8K | $149K | 30x | as long as short |
| SoDEX XAUT-USD | +0.0050% | 1h | 4,360.5 | −0.024% | $10.2M | $2.0M | 25x | as long as short |
| Variational Omni XAUT | +0.0097% | 4h | 4,360.2 | −0.031% | $33.3M | $3.4M | — | as long as short |
| Nado XAUT-PERP | +0.0100% | 1h | 4,358 | −0.081% | $4.2M | $1.0M | 10x | as long as short |
| Binance XAUTUSDT | +0.0100% | 4h | 4,358 | −0.082% | $35.5M | $46.8M | 75x | as long as short |
| Bybit XAUTUSDT | +0.0100% | 4h | 4,358.2 | −0.077% | $121.0M | $27.8M | 75x | as long as short |
| MEXC XAUT_USDT | +0.0100% | 4h | 4,357.9 | −0.084% | $338.9M | $280.3M | 1000x | as long as short |
Aftermath Perps XAUTUSD
Bitget XAUTUSDT
Gate XAUT_USDT
Injective XAUT/USDC PERP
SoDEX XAUT-USD
Variational Omni XAUT
Nado XAUT-PERP
Binance XAUTUSDT
Bybit XAUTUSDT
MEXC XAUT_USDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin XAUTUSDTM | +0.0100% | 4h | 4,360.3 | −0.028% | $11.4M | $2.9M | 75x | as long as short |
| BingX XAUT-USDT | +0.0100% | 4h | 4,358.8 | −0.063% | — | $17.9M | — | as long as short |
| GRVT XAUT_USDT_Perp | +0.0100% | 4h | 4,358.8 | −0.063% | $554 | $115K | 10x | as long as short |
| Orderly PERP_XAUT_USDC_mythos | +0.0100% | 4h | 4,359.5 | −0.047% | $268 | $17K | 10x | as long as short |
| Derive XAUT-PERP | +0.0100% | 1h | 4,361 | −0.012% | $1.9M | $245K | 10x | as long as short |
| SunX XAUT-USDT | +0.0100% | 4h | 4,364 | +0.056% | $2K | $3.7M | 20x | as long as short |
| HTX XAUT-USDT | +0.0100% | 4h | 4,357 | −0.104% | $1.9M | $231K | 75x | as long as short |
| Extended XAUT-USDshort | +0.0104% | 1h | 4,357.7 | −0.089% | $274K | $231K | 25x | |
| Kraken Futures PF_XAUTUSDlong | +0.0118% | 1h | 4,361.5 | long leg | $5.3M | $4.0M | 50x | |
| BloFin XAUT-USDT | +0.0340% | 4h | 4,360 | −0.035% | $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
BloFin XAUT-USDT