Funding you earn now, next payment 03:00 UTC−0.0203%/8h= −22.3% APRpaid last 24h +0.005%
Price spread now: MEXC against Kraken Futures−0.054%7-day average −0.031% · you buy dearer than you sell
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$18as in the Price arb table
costs, in and out, $10k−$150.154% of the position
Funding, last 7 days−0.049%−$5 on $10k
+Price spread, last 4 days (all we have)−0.102%−$10 · spread now −0.054%, 7d avg −0.031%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and MEXC is 0.022% cheaper against Kraken Futures than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.031%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.049% in total (about -2.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_XAUTUSD | 4,347.7 | 0.0187 | pay 0.0023% / 1h | 9m 56s | $5.7M | $4.6M | 50x |
| Short | MEXC XAUT_USDT | 4,345.4 | −0.0016 | pay 0.0008% / 4h | 1h 09m | $351.8M | $283.1M | 1000x |
Kraken Futures PF_XAUTUSD
MEXC XAUT_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$42.73
- Price spread: −0.054% → −0.031%
- −$2.25
- Slippage, 4 orders
- −$1.36
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$60.34
- Costs to cover
- 0.154%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 4 min ago; MEXC: live order book, 4 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, 4 min ago | 0.34 bp | 5.3 bp −$5 | 7.0 bp −$70 | 17.7 bp −$1,770 | doesn't fit |
| Sell MEXC live order book, 4 min ago | 0.12 bp | 2.1 bp −$2 | 2.4 bp −$24 | 5.9 bp −$585 | 27.7 bp −$13.8K |
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 | −0.0332% | 1h | 4,347.4 | −0.007% | $56K | $29K | 20x | as long as short |
| Bitget XAUTUSDT | −0.0036% | 4h | 4,345.5 | −0.052% | $25.9M | $15.2M | 75x | as long as short |
| MEXC XAUT_USDTshort | −0.0016% | 4h | 4,345.4 | −0.054% | $351.8M | $283.1M | 1000x | |
| Bybit XAUTUSDT | −0.0014% | 4h | 4,345.7 | −0.047% | $120.2M | $27.9M | 75x | as long as short |
| Gate XAUT_USDT | 0.0000% | 8h | 4,347.4 | −0.008% | $130.3M | $8.2M | 100x | as long as short |
| Variational Omni XAUT | +0.0007% | 4h | 4,343.2 | −0.104% | $33.0M | $3.5M | — | as long as short |
| Injective XAUT/USDC PERP | +0.0033% | 1h | 4,349.8 | +0.048% | $8K | $149K | 30x | as long as short |
| SoDEX XAUT-USD | +0.0050% | 1h | 4,345.8 | −0.044% | $10.1M | $2.0M | 25x | as long as short |
| Binance XAUTUSDT | +0.0062% | 4h | 4,345.8 | −0.044% | $35.1M | $45.7M | 75x | as long as short |
| Extended XAUT-USD | +0.0064% | 1h | 4,344.7 | −0.069% | $272K | $213K | 25x | as long as short |
Aftermath Perps XAUTUSD
Bitget XAUTUSDT
Bybit XAUTUSDT
Gate XAUT_USDT
Variational Omni XAUT
Injective XAUT/USDC PERP
SoDEX XAUT-USD
Binance XAUTUSDT
Extended XAUT-USDShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX XAUT-USDT | +0.0066% | 4h | 4,345.7 | −0.047% | — | $17.8M | — | as long as short |
| Nado XAUT-PERP | +0.0100% | 1h | 4,345.7 | −0.048% | $4.2M | $1.0M | 10x | as long as short |
| KuCoin XAUTUSDTM | +0.0100% | 4h | 4,347.6 | −0.003% | $11.5M | $2.9M | 75x | as long as short |
| GRVT XAUT_USDT_Perp | +0.0100% | 4h | 4,347.2 | −0.012% | $604 | $109K | 10x | as long as short |
| Orderly PERP_XAUT_USDC_mythos | +0.0100% | 4h | 4,344.9 | −0.065% | $267 | $17K | 10x | as long as short |
| Derive XAUT-PERP | +0.0100% | 1h | 4,346.9 | −0.019% | $1.8M | $284K | 10x | as long as short |
| SunX XAUT-USDT | +0.0100% | 4h | 4,352 | +0.097% | $2K | $3.4M | 20x | as long as short |
| HTX XAUT-USDT | +0.0100% | 4h | 4,343.1 | −0.106% | $1.8M | $234K | 75x | as long as short |
| Kraken Futures PF_XAUTUSDlong | +0.0187% | 1h | 4,347.7 | long leg | $5.7M | $4.6M | 50x | |
| BloFin XAUT-USDT | +0.0222% | 4h | 4,344.6 | −0.072% | $2.3M | $1.6M | 75x | as long as short |
BingX XAUT-USDT
Nado XAUT-PERP
KuCoin XAUTUSDTM
GRVT XAUT_USDT_Perp
Orderly PERP_XAUT_USDC_mythos
Derive XAUT-PERP
SunX XAUT-USDT
HTX XAUT-USDT
BloFin XAUT-USDT