Funding you earn now, next payment 06:00 UTC−0.0125%/8h= −13.7% APRpaid last 24h −0.026%
Price spread now: Kraken Futures against BloFin−0.047%57s7-day average −0.073% · you buy dearer than you sell
Net, funding: paid 7d − costs−$48as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$310.310% of the position
Funding, last 7 days−0.166%−$17 on $10k
+Price spread, last 4 days (all we have)−0.036%−$4 · spread now −0.047%, 7d avg −0.073%
=The price spread pays, funding is against you. Kraken Futures is 0.026% dearer against BloFin than usual: you sell high and buy low (spread −0.047% now, against its 7-day average of −0.073%): +$3 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 17 hours. The two prices were read 57 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 | BloFin XAU-USDT | 4,349.2 | 0.0371 | pay 0.0186% / 4h | 2h 46m | $15.8M | $4.4M | 100x |
| Short | Kraken Futures PF_XAUUSD | 4,347.2 | 0.0246 | get 0.0031% / 1h | 46m 22s | $591K | $128K | 25x |
BloFin XAU-USDT
Kraken Futures PF_XAUUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against BloFin. 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
- −$26.22
- Price spread: −0.047% → −0.073%
- $2.59
- Slippage, 4 orders
- −$9.02
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$54.64
- Costs to cover
- 0.310%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 3 min ago; Kraken Futures: live order book, 2 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 BloFin live order book, 3 min ago | 0.01 bp | 6.9 bp −$7 | 7.2 bp −$72 | 7.8 bp −$783 | doesn't fit |
| Sell Kraken Futures live order book, 2 min ago | 2.90 bp | 9.4 bp −$9 | 17.2 bp −$172 | doesn't fit | doesn't fit |
XAU on 39 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 | |
|---|---|---|---|---|---|---|---|---|
| Bluefin GOLD-PERP | −0.0052% | 1h | 4,344.4 | −0.111% | $25K | $14K | 20x | as long as short |
| SunX XAU-USDT | 0.0000% | 4h | 4,354.9 | +0.130% | $93K | $8.5M | 20x | as long as short |
| gTrade (Gains Network) XAU/USD | L +0.0002% / S −0.0003% | 1h | 4,346.3 | −0.069% | $272K | — | 250x | as long as short |
| Hotstuff GOLD-PERP | +0.0024% | 1h | 4,346.8 | −0.056% | $33K | — | 25x | as long as short |
| Extended XAU-USD | +0.0032% | 1h | 4,346.2 | −0.071% | $13.2M | $37.3M | 25x | as long as short |
| Injective XAU/USDC PERP | +0.0033% | 1h | 4,350.4 | +0.027% | $619 | $54 | 52x | as long as short |
| StandX XAU-USD | +0.0040% | 1h | 4,351.5 | +0.052% | $3.8M | $4.5M | 40x | as long as short |
| QFEX GOLD-USD | +0.0044% | 1h | 4,348.9 | −0.008% | $5.5M | $2.1M | 20x | as long as short |
| Vest GC-PERP | +0.0046% | 1h | 4,383.2 | +0.781% | — | $1.0M | 25x | as long as short |
| tradeXYZ xyz:GOLD | +0.0050% | 1h | 4,346.5 | −0.063% | $293.7M | $49.5M | 25x | as long as short |
Bluefin GOLD-PERP
SunX XAU-USDT
gTrade (Gains Network) XAU/USD
Hotstuff GOLD-PERP
Extended XAU-USD
Injective XAU/USDC PERP
StandX XAU-USD
QFEX GOLD-USD
Vest GC-PERP
tradeXYZ xyz:GOLDShow all 39 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps XAU-USD.P | +0.0050% | 1h | 4,347.3 | −0.045% | $15.1M | $56.7M | 25x | as long as short |
| RISEx XAU/USDC | +0.0054% | 1h | 4,350.8 | +0.036% | $3.7M | $12.6M | 25x | as long as short |
| Kalshi KXGOLDPERP | +0.0054% | 24h | 4,349.3 | +0.001% | $4.2M | $39.4M | 15x | as long as short |
| Lighter XAU | +0.0056% | 1h | 4,349 | −0.006% | $20.7M | $30.4M | 25x | as long as short |
| Bybit XAUUSDT | +0.0067% | 4h | 4,351.2 | +0.044% | $80.2M | $151.7M | 150x | as long as short |
| Paradex XAU-USD-PERP | +0.0070% | 8h | 4,350.6 | +0.032% | $19K | $5K | 5x | as long as short |
| Coinbase International GOLD-PERP-INTX | +0.0072% | 1h | 4,348.6 | −0.015% | $2.1M | $4.7M | 25x | as long as short |
| Gate XAU_USDT | +0.0074% | 4h | 4,351.7 | +0.057% | $271.8M | $397.4M | 100x | as long as short |
| Pacifica XAU | +0.0100% | 1h | 4,346.9 | −0.054% | $1.4M | $1.2M | 10x | as long as short |
| ApeX Omni XAUUSDT | +0.0100% | 1h | 4,346.9 | −0.053% | $277K | $204K | 50x | as long as short |
| Lighter RH XAU | +0.0104% | 1h | 4,351.9 | +0.062% | $20.1M | $38.1M | 25x | as long as short |
| Aster XAUUSD1 | +0.0106% | 4h | 4,352.4 | +0.072% | $71.6M | $331.2M | 20x | as long as short |
| Variational Omni XAU | +0.0108% | 4h | 4,349.5 | +0.005% | $48.5M | $27.6M | — | as long as short |
| Aevo XAU-PERP | +0.0112% | 1h | 4,349.5 | +0.006% | $161K | $87 | 10x | as long as short |
| MEXC XAU_USDT | +0.0118% | 4h | 4,350.1 | +0.020% | $370.3M | $317.9M | 1000x | as long as short |
| Binance XAUUSDT | +0.0118% | 4h | 4,350.1 | +0.021% | $418.8M | $2.09B | 100x | as long as short |
| GRVT XAU_USDT_Perp | +0.0124% | 4h | 4,350 | +0.018% | $1.4M | $2.9M | 25x | as long as short |
| Phoenix GOLD | +0.0127% | 1h | 4,347.7 | −0.035% | $47K | $77K | 25x | as long as short |
| edgeX XAUUSDC | +0.0132% | 4h | 4,345.7 | −0.081% | $30.2M | $58.1M | 50x | as long as short |
| Deribit GOLD_USDC-PERPETUAL | +0.0141% | 1h | 4,348.6 | −0.015% | $203K | $822K | 25x | as long as short |
| Bullet GOLD-USD | +0.0158% | 1h | 4,350.1 | +0.021% | $59K | $82K | 10x | as long as short |
| Polymarket Perps GOLD-USD | +0.0167% | 1h | 4,350 | +0.017% | $4.3M | $2.0M | 20x | as long as short |
| Phemex XAUUSDT | +0.0200% | 4h | 4,352.9 | +0.083% | $2.2M | $967K | 100x | as long as short |
| Kraken Futures PF_XAUUSDshort | +0.0246% | 1h | 4,347.2 | −0.047% | $591K | $128K | 25x | |
| HTX XAU-USDT | +0.0266% | 4h | 4,352.4 | +0.072% | $2.8M | $4.6M | 75x | as long as short |
| Bitget XAUUSDT | +0.0278% | 4h | 4,350.5 | +0.029% | $71.5M | $107.9M | 100x | as long as short |
| OKX XAU-USDT-SWAP | +0.0335% | 8h | 4,351.4 | +0.050% | $168.1M | $282.0M | 100x | as long as short |
| BloFin XAU-USDTlong | +0.0371% | 4h | 4,349.2 | long leg | $15.8M | $4.4M | 100x | |
| GMX GOLD/USD [ETH-USDC] | L +0.0428% / S −0.0252% | 1h | 4,350.1 | +0.021% | $251K | — | 111x | as long as short |
Ondo Perps XAU-USD.P
RISEx XAU/USDC
Kalshi KXGOLDPERP
Lighter XAU
Bybit XAUUSDT
Paradex XAU-USD-PERP
Coinbase International GOLD-PERP-INTX
Gate XAU_USDT
Pacifica XAU
ApeX Omni XAUUSDT
Lighter RH XAU
Aster XAUUSD1
Variational Omni XAU
Aevo XAU-PERP
MEXC XAU_USDT
Binance XAUUSDT
GRVT XAU_USDT_Perp
Phoenix GOLD
edgeX XAUUSDC
Deribit GOLD_USDC-PERPETUAL
Bullet GOLD-USD
Polymarket Perps GOLD-USD
Phemex XAUUSDT
HTX XAU-USDT
Bitget XAUUSDT
OKX XAU-USDT-SWAP
GMX GOLD/USD [ETH-USDC]