Funding you earn now, next payment 05:00 UTC+0.0088%/8h= +9.6% APRnext payment +$0.11 per $10,000 · paid last 24h 0.000%
Price spread now: Kraken Futures against SoDEX+0.049%7-day average −0.026% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$12as in the Price arb table
costs, in and out, $10k−$200.199% of the position
Funding, last 3 days (all we have)+0.020%+$2 on $10k
+Price spread, last 4 days (all we have)−0.110%−$11 · spread now +0.049%, 7d avg −0.026%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Kraken Futures is 0.074% dearer against SoDEX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.026%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX XAUT-USD | 4,338.6 | 0.0050 | pay 0.0006% / 1h | 48m 19s | $10.1M | $2.0M | 25x |
| Short | Kraken Futures PF_XAUTUSD | 4,340.7 | 0.0138 | get 0.0017% / 1h | 48m 19s | $5.7M | $4.4M | 50x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against SoDEX. 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
- $18.46
- Price spread: +0.049% → −0.026%
- $7.44
- Slippage, 4 orders
- −$1.92
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $5.98
- Costs to cover
- 0.199%
- Break-even
- 4.7 days
Slippage from SoDEX: live order book, 1 min ago; Kraken Futures: live order book, 6 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 SoDEX live order book, 1 min ago | 0.12 bp | 4.1 bp −$4 | 4.9 bp −$49 | 46.5 bp −$4,650 | doesn't fit |
| Sell Kraken Futures live order book, 6 min ago | 0.46 bp | 5.7 bp −$6 | 7.2 bp −$72 | 17.2 bp −$1,719 | 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 | −0.0350% | 1h | 4,338.1 | −0.011% | $56K | $29K | 20x | as long as short |
| Bitget XAUTUSDT | −0.0048% | 4h | 4,338.8 | +0.005% | $25.8M | $15.4M | 75x | as long as short |
| Variational Omni XAUT | −0.0005% | 4h | 4,337.4 | −0.028% | $33.0M | $3.5M | — | as long as short |
| Gate XAUT_USDT | 0.0000% | 8h | 4,339.9 | +0.030% | $130.2M | $8.1M | 100x | as long as short |
| Injective XAUT/USDC PERP | +0.0033% | 1h | 4,349.8 | +0.258% | $8K | $149K | 30x | as long as short |
| SoDEX XAUT-USDlong | +0.0050% | 1h | 4,338.6 | long leg | $10.1M | $2.0M | 25x | |
| Binance XAUTUSDT | +0.0053% | 4h | 4,338.5 | −0.002% | $35.1M | $45.2M | 75x | as long as short |
| Extended XAUT-USD | +0.0056% | 1h | 4,337.2 | −0.031% | $272K | $215K | 25x | as long as short |
| Nado XAUT-PERP | +0.0100% | 1h | 4,339 | +0.008% | $4.2M | $912K | 10x | as long as short |
| Bybit XAUTUSDT | +0.0100% | 4h | 4,338.9 | +0.007% | $120.1M | $27.9M | 75x | as long as short |
Show all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC XAUT_USDT | +0.0100% | 4h | 4,338.8 | +0.005% | $390.0M | $270.1M | 1000x | as long as short |
| KuCoin XAUTUSDTM | +0.0100% | 4h | 4,339.7 | +0.025% | $11.5M | $2.9M | 75x | as long as short |
| BingX XAUT-USDT | +0.0100% | 4h | 4,338.4 | −0.004% | — | $17.7M | — | as long as short |
| GRVT XAUT_USDT_Perp | +0.0100% | 4h | 4,337.8 | −0.017% | $807 | $106K | 10x | as long as short |
| Orderly PERP_XAUT_USDC_mythos | +0.0100% | 4h | 4,337.8 | −0.018% | $266 | $17K | 10x | as long as short |
| Derive XAUT-PERP | +0.0100% | 1h | 4,339.7 | +0.026% | $1.8M | $299K | 10x | as long as short |
| SunX XAUT-USDT | +0.0100% | 4h | 4,343.4 | +0.111% | $2K | $3.3M | 20x | as long as short |
| HTX XAUT-USDT | +0.0100% | 4h | 4,335.7 | −0.067% | $1.8M | $226K | 75x | as long as short |
| Kraken Futures PF_XAUTUSDshort | +0.0138% | 1h | 4,340.7 | +0.049% | $5.7M | $4.4M | 50x | |
| BloFin XAUT-USDT | +0.0340% | 4h | 4,337.2 | −0.032% | $2.3M | $1.6M | 75x | as long as short |
SoDEX XAUT-USD
Kraken Futures PF_XAUTUSD
Aftermath Perps XAUTUSD
Bitget XAUTUSDT
Variational Omni XAUT
Gate XAUT_USDT
Injective XAUT/USDC PERP
Binance XAUTUSDT
Extended XAUT-USD
Bybit XAUTUSDT
MEXC XAUT_USDT
KuCoin XAUTUSDTM
BingX XAUT-USDT
GRVT XAUT_USDT_Perp
Derive XAUT-PERP
SunX XAUT-USDT
HTX XAUT-USDT
BloFin XAUT-USDT