Funding you earn now, next payment 00:00 UTC−0.0005%/8h= −0.5% APRnext payment −$0.01 per $10,000 · paid last 24h +0.030%
Price spread now: Nado against Kraken Futures−0.055%7-day average −0.025% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$220.222% of the position
Funding, last 3 days (all we have)+0.033%+$3 on $10k
+Price spread, last 3 days (all we have)+0.019%+$2 · spread now −0.055%, 7d avg −0.025%
=Together, before fees+0.052%+ Points / potential airdropNado: Active · farm board+$5 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Nado is 0.030% cheaper against Kraken Futures than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.025%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_XAUTUSD | 4,361.3 | 0.0105 | pay 0.0013% / 1h | 25m 18s | $5.3M | $3.6M | 50x |
| Short | Nado XAUT-PERP | 4,358.9 | 0.0100 | get 0.0012% / 1h | 25m 18s | $4.2M | $994K | 10x |
Kraken Futures PF_XAUTUSD
Nado XAUT-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado 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
- −$0.99
- Price spread: −0.055% → −0.025%
- −$3.03
- Slippage, 4 orders
- −$5.19
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$26.21
- Costs to cover
- 0.222%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 4 min ago; Nado: 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 | 0.80 bp | 7.5 bp −$7 | 8.7 bp −$87 | 20.2 bp −$2,017 | doesn't fit |
| Sell Nado live order book, 4 min ago | 0.12 bp | 4.2 bp −$4 | 6.7 bp −$67 | 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 | −0.0150% | 1h | 4,359.1 | −0.050% | $56K | $32K | 20x | as long as short |
| Bitget XAUTUSDT | −0.0116% | 4h | 4,358.7 | −0.060% | $26.2M | $15.0M | 75x | as long as short |
| Injective XAUT/USDC PERP | −0.0055% | 1h | 4,349.8 | −0.263% | $8K | $149K | 30x | as long as short |
| Gate XAUT_USDT | 0.0000% | 8h | 4,361.1 | −0.004% | $131.7M | $8.0M | 100x | as long as short |
| MEXC XAUT_USDT | +0.0046% | 4h | 4,358.8 | −0.057% | $342.2M | $278.5M | 1000x | as long as short |
| Bybit XAUTUSDT | +0.0046% | 4h | 4,358.6 | −0.060% | $120.8M | $27.3M | 75x | as long as short |
| SoDEX XAUT-USD | +0.0050% | 1h | 4,360.4 | −0.020% | $10.2M | $2.0M | 25x | as long as short |
| Variational Omni XAUT | +0.0054% | 4h | 4,356.9 | −0.099% | $33.2M | $3.3M | — | as long as short |
| Nado XAUT-PERPshort | +0.0100% | 1h | 4,358.9 | −0.055% | $4.2M | $994K | 10x | |
| Binance XAUTUSDT | +0.0100% | 4h | 4,359.7 | −0.035% | $35.5M | $46.2M | 75x | as long as short |
Aftermath Perps XAUTUSD
Bitget XAUTUSDT
Injective XAUT/USDC PERP
Gate XAUT_USDT
MEXC XAUT_USDT
Bybit XAUTUSDT
SoDEX XAUT-USD
Variational Omni XAUT
Binance XAUTUSDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin XAUTUSDTM | +0.0100% | 4h | 4,361.4 | +0.003% | $11.4M | $2.9M | 75x | as long as short |
| BingX XAUT-USDT | +0.0100% | 4h | 4,359.2 | −0.048% | — | $17.9M | — | as long as short |
| GRVT XAUT_USDT_Perp | +0.0100% | 4h | 4,357.7 | −0.081% | $553 | $114K | 10x | as long as short |
| Orderly PERP_XAUT_USDC_mythos | +0.0100% | 4h | 4,359.6 | −0.038% | $268 | $17K | 10x | as long as short |
| Derive XAUT-PERP | +0.0100% | 1h | 4,361.1 | −0.004% | $1.9M | $209K | 10x | as long as short |
| SunX XAUT-USDT | +0.0100% | 4h | 4,366.5 | +0.119% | $3K | $3.7M | 20x | as long as short |
| HTX XAUT-USDT | +0.0100% | 4h | 4,356 | −0.121% | $1.9M | $232K | 75x | as long as short |
| Extended XAUT-USD | +0.0104% | 1h | 4,359.5 | −0.041% | $272K | $231K | 25x | as long as short |
| Kraken Futures PF_XAUTUSDlong | +0.0105% | 1h | 4,361.3 | long leg | $5.3M | $3.6M | 50x | |
| BloFin XAUT-USDT | +0.0184% | 4h | 4,357.5 | −0.086% | $1.7M | $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