Funding you earn now, next payment 07:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%
Price spread now: SoDEX against KuCoin−0.050%7-day average +0.018% · 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−$31as in the Price arb table
costs, in and out, $10k−$240.240% of the position
Funding, last 3 days (all we have)−0.051%−$5 on $10k
+Price spread, last 4 days (all we have)+0.146%+$15 · spread now −0.050%, 7d avg +0.018%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and SoDEX is 0.068% cheaper against KuCoin than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.018%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin XAUTUSDTM | 4,321.5 | 0.0100 | pay 0.0050% / 4h | 1h 00m | $11.7M | $3.1M | 75x |
| Short | SoDEX XAUT-USD | 4,319.4 | 0.0050 | get 0.0006% / 1h | 0m 08s | $10.1M | $2.1M | 25x |
KuCoin XAUTUSDTM
SoDEX XAUT-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX against KuCoin. 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
- −$10.5
- Price spread: −0.050% → +0.018%
- −$6.79
- Slippage, 4 orders
- −$4
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$41.29
- Costs to cover
- 0.240%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 8 min ago; SoDEX: 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 KuCoin live order book, 8 min ago | 0.22 bp | 8.1 bp −$8 | 14.5 bp −$145 | doesn't fit | doesn't fit |
| Sell SoDEX live order book, 4 min ago | 0.12 bp | 4.1 bp −$4 | 5.1 bp −$51 | 42.9 bp −$4,291 | 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 | −0.0229% | 1h | 4,319.4 | −0.050% | $55K | $11K | 20x | as long as short |
| Bitget XAUTUSDT | −0.0018% | 4h | 4,320 | −0.036% | $25.4M | $17.0M | 75x | as long as short |
| Gate XAUT_USDT | 0.0000% | 8h | 4,321.5 | −0.001% | $130.8M | $8.9M | 100x | as long as short |
| Injective XAUT/USDC PERP | +0.0033% | 1h | 4,349.8 | +0.654% | $8K | $149K | 30x | as long as short |
| Variational Omni XAUT | +0.0036% | 4h | 4,318 | −0.082% | $32.9M | $3.3M | — | as long as short |
| MEXC XAUT_USDT | +0.0048% | 4h | 4,319.5 | −0.047% | $362.9M | $283.3M | 1000x | as long as short |
| Bybit XAUTUSDT | +0.0050% | 4h | 4,319.3 | −0.052% | $119.2M | $30.9M | 75x | as long as short |
| SoDEX XAUT-USDshort | +0.0050% | 1h | 4,319.4 | −0.050% | $10.1M | $2.1M | 25x | |
| Nado XAUT-PERP | +0.0100% | 1h | 4,319.4 | −0.051% | $4.2M | $936K | 10x | as long as short |
| Binance XAUTUSDT | +0.0100% | 4h | 4,320.1 | −0.033% | $35.5M | $47.3M | 75x | as long as short |
Aftermath Perps XAUTUSD
Bitget XAUTUSDT
Gate XAUT_USDT
Injective XAUT/USDC PERP
Variational Omni XAUT
MEXC XAUT_USDT
Bybit XAUTUSDT
Nado XAUT-PERP
Binance XAUTUSDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin XAUTUSDTMlong | +0.0100% | 4h | 4,321.5 | long leg | $11.7M | $3.1M | 75x | |
| BingX XAUT-USDT | +0.0100% | 4h | 4,319.8 | −0.041% | — | $18.9M | — | as long as short |
| GRVT XAUT_USDT_Perp | +0.0100% | 4h | 4,319.3 | −0.052% | $687 | $110K | 10x | as long as short |
| Orderly PERP_XAUT_USDC_mythos | +0.0100% | 4h | 4,319.9 | −0.038% | $265 | $17K | 10x | as long as short |
| Derive XAUT-PERP | +0.0100% | 1h | 4,319.4 | −0.050% | $1.8M | $378K | 10x | as long as short |
| SunX XAUT-USDT | +0.0100% | 4h | 4,326.4 | +0.113% | $2K | $3.1M | 20x | as long as short |
| HTX XAUT-USDT | +0.0100% | 4h | 4,317 | −0.106% | $1.8M | $251K | 75x | as long as short |
| Extended XAUT-USD | +0.0104% | 1h | 4,318.9 | −0.061% | $267K | $214K | 25x | as long as short |
| BloFin XAUT-USDT | +0.0202% | 4h | 4,318.5 | −0.070% | $2.3M | $1.6M | 75x | as long as short |
| Kraken Futures PF_XAUTUSD | +0.0230% | 1h | 4,322.5 | +0.022% | $5.9M | $5.2M | 50x | as long as short |
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
Kraken Futures PF_XAUTUSD