Funding you earn now, next payment 06:00 UTC+0.0068%/8h= +7.4% APRpaid last 24h −0.013%
Price spread now: Kraken Futures against Orderly−0.065%55s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding pays, the price is against you. Kraken Futures is 0.065% cheaper against Orderly than usual: you would sell low and buy high (spread −0.065% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 3.2 days of funding at the current rate (+$2 a day). The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_XAUT_USDC_mythos | 4,327.8 | 0.0100 | pay 0.0050% / 4h | 2h 12m | $266 | $17K | 10x |
| Short | Kraken Futures PF_XAUTUSD | 4,325 | 0.0168 | get 0.0021% / 1h | 12m 24s | $5.7M | $4.8M | 50x |
Orderly PERP_XAUT_USDC_mythos
Kraken Futures PF_XAUTUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Orderly. 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
- $14.26
- Price spread: −0.065% → 0.000%
- −$6.53
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$8.27
- Costs to cover
- 0.160%
- Break-even
- 11.1 days
Slippage unknown: Orderly: no order-book sample; Kraken Futures: live order book, 1 min ago. Net counts fees only.
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 Orderly no order-book sample | — | — | — | — | — |
| Sell Kraken Futures live order book, 1 min ago | 1.04 bp | 6.5 bp −$6 | 7.2 bp −$72 | 16.4 bp −$1,639 | doesn't fit |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0315% | 1h | 4,325.7 | −0.050% | $56K | $29K | 20x | as long as short |
| Bitget XAUTUSDT | −0.0038% | 4h | 4,328.1 | +0.007% | $25.6M | $16.7M | 75x | as long as short |
| Gate XAUT_USDT | 0.0000% | 8h | 4,329.3 | +0.035% | $130.3M | $8.5M | 100x | as long as short |
| MEXC XAUT_USDT | +0.0012% | 4h | 4,327.1 | −0.016% | $358.8M | $285.5M | 1000x | as long as short |
| Bybit XAUTUSDT | +0.0013% | 4h | 4,327.5 | −0.007% | $118.4M | $29.9M | 75x | as long as short |
| Variational Omni XAUT | +0.0033% | 4h | 4,324.2 | −0.082% | $33.0M | $3.4M | — | as long as short |
| Injective XAUT/USDC PERP | +0.0033% | 1h | 4,349.8 | +0.508% | $8K | $149K | 30x | as long as short |
| SoDEX XAUT-USD | +0.0050% | 1h | 4,322 | −0.134% | $10.1M | $2.0M | 25x | as long as short |
| BloFin XAUT-USDT | +0.0052% | 4h | 4,323.8 | −0.092% | $2.3M | $1.6M | 75x | as long as short |
| BingX XAUT-USDT | +0.0098% | 4h | 4,327.8 | −0.001% | — | $18.9M | — | as long as short |
Aftermath Perps XAUTUSD
Bitget XAUTUSDT
Gate XAUT_USDT
MEXC XAUT_USDT
Bybit XAUTUSDT
Variational Omni XAUT
Injective XAUT/USDC PERP
SoDEX XAUT-USD
BloFin XAUT-USDT
BingX XAUT-USDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado XAUT-PERP | +0.0100% | 1h | 4,326.4 | −0.033% | $4.2M | $914K | 10x | as long as short |
| Binance XAUTUSDT | +0.0100% | 4h | 4,328.7 | +0.020% | $35.3M | $47.0M | 75x | as long as short |
| KuCoin XAUTUSDTM | +0.0100% | 4h | 4,328.7 | +0.020% | $11.7M | $3.0M | 75x | as long as short |
| GRVT XAUT_USDT_Perp | +0.0100% | 4h | 4,323.4 | −0.102% | $886 | $111K | 10x | as long as short |
| Orderly PERP_XAUT_USDC_mythoslong | +0.0100% | 4h | 4,327.8 | long leg | $266 | $17K | 10x | |
| Derive XAUT-PERP | +0.0100% | 1h | 4,328.7 | +0.021% | $1.8M | $305K | 10x | as long as short |
| SunX XAUT-USDT | +0.0100% | 4h | 4,329 | +0.028% | $2K | $3.3M | 20x | as long as short |
| HTX XAUT-USDT | +0.0100% | 4h | 4,321.8 | −0.138% | $1.8M | $245K | 75x | as long as short |
| Extended XAUT-USD | +0.0104% | 1h | 4,326.3 | −0.034% | $267K | $214K | 25x | as long as short |
| Kraken Futures PF_XAUTUSDshort | +0.0168% | 1h | 4,325 | −0.065% | $5.7M | $4.8M | 50x |
Nado XAUT-PERP
Binance XAUTUSDT
KuCoin XAUTUSDTM
GRVT XAUT_USDT_Perp
Derive XAUT-PERP
SunX XAUT-USDT
HTX XAUT-USDT
Extended XAUT-USD