Funding you earn now, next payment 05:00 UTC−0.0288%/8h= −31.6% APRpaid last 24h −0.007%
Price spread now: Kraken Futures against HTX−0.144%7-day average −0.119% · you buy dearer than you sell
Net, funding: paid 7d − costs−$10as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$290.289% of the position
Funding, last 7 days+0.194%+$19 on $10k
+Price spread, last 4 days (all we have)+0.033%+$3 · spread now −0.144%, 7d avg −0.119%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Kraken Futures is 0.025% cheaper against HTX than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.119%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.194%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.194% in total (about 10.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX XAU-USDT | 4,348.2 | 0.0547 | pay 0.0274% / 4h | 3h 19m | $2.8M | $4.6M | 75x |
| Short | Kraken Futures PF_XAUUSD | 4,341.9 | 0.0259 | get 0.0032% / 1h | 19m 27s | $592K | $132K | 25x |
HTX XAU-USDT
Kraken Futures PF_XAUUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against HTX. 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
- −$60.51
- Price spread: −0.144% → −0.119%
- −$2.48
- Slippage, 4 orders
- −$6.92
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$91.91
- Costs to cover
- 0.289%
- Break-even
- never at this rate
Slippage from HTX: live order book, 4 min ago; Kraken Futures: live order book, 34 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 HTX live order book, 4 min ago | 0.01 bp | 6.0 bp −$6 | 9.2 bp −$92 | 18.0 bp −$1,800 | doesn't fit |
| Sell Kraken Futures live order book, 34 min ago | 2.36 bp | 8.5 bp −$8 | 16.5 bp −$165 | 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 | |
|---|---|---|---|---|---|---|---|---|
| SunX XAU-USDT | 0.0000% | 4h | 4,349.4 | +0.027% | $92K | $8.6M | 20x | as long as short |
| gTrade (Gains Network) XAU/USD | L +0.0002% / S −0.0003% | 1h | 4,340.5 | −0.177% | $272K | — | 250x | as long as short |
| RISEx XAU/USDC | +0.0005% | 1h | 4,345.1 | −0.071% | $3.9M | $12.4M | 25x | as long as short |
| Bluefin GOLD-PERP | +0.0015% | 1h | 4,338.3 | −0.228% | $25K | $14K | 20x | as long as short |
| Extended XAU-USD | +0.0032% | 1h | 4,340.9 | −0.167% | $13.3M | $37.2M | 25x | as long as short |
| Bybit XAUUSDT | +0.0033% | 4h | 4,345.4 | −0.065% | $79.9M | $152.2M | 150x | as long as short |
| Injective XAU/USDC PERP | +0.0033% | 1h | 4,350.4 | +0.051% | $619 | $54 | 52x | as long as short |
| StandX XAU-USD | +0.0040% | 1h | 4,344.6 | −0.083% | $3.8M | $4.5M | 40x | as long as short |
| QFEX GOLD-USD | +0.0042% | 1h | 4,344.2 | −0.092% | $5.6M | $2.1M | 20x | as long as short |
| Vest GC-PERP | +0.0046% | 1h | 4,377.4 | +0.672% | — | $1.0M | 25x | as long as short |
SunX XAU-USDT
gTrade (Gains Network) XAU/USD
RISEx XAU/USDC
Bluefin GOLD-PERP
Extended XAU-USD
Bybit XAUUSDT
Injective XAU/USDC PERP
StandX XAU-USD
QFEX GOLD-USD
Vest GC-PERPShow all 39 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:GOLD | +0.0050% | 1h | 4,341.2 | −0.161% | $293.7M | $49.2M | 25x | as long as short |
| Ondo Perps XAU-USD.P | +0.0050% | 1h | 4,341.9 | −0.144% | $15.0M | $56.9M | 25x | as long as short |
| Kalshi KXGOLDPERP | +0.0051% | 24h | 4,342.1 | −0.140% | $4.3M | $37.5M | 15x | as long as short |
| Lighter XAU | +0.0056% | 1h | 4,343.9 | −0.098% | $20.7M | $34.7M | 25x | as long as short |
| Coinbase International GOLD-PERP-INTX | +0.0056% | 1h | 4,341.4 | −0.156% | $2.1M | $4.8M | 25x | as long as short |
| Paradex XAU-USD-PERP | +0.0060% | 8h | 4,344.7 | −0.081% | $19K | $5K | 5x | as long as short |
| Lighter RH XAU | +0.0072% | 1h | 4,346.5 | −0.039% | $20.2M | $40.0M | 25x | as long as short |
| Gate XAU_USDT | +0.0090% | 4h | 4,346.2 | −0.046% | $268.7M | $417.6M | 100x | as long as short |
| Aster XAUUSD1 | +0.0092% | 4h | 4,346.2 | −0.046% | $71.5M | $331.8M | 20x | as long as short |
| Pacifica XAU | +0.0100% | 1h | 4,341.1 | −0.163% | $1.4M | $1.1M | 10x | as long as short |
| ApeX Omni XAUUSDT | +0.0100% | 1h | 4,340.8 | −0.169% | $274K | $203K | 50x | as long as short |
| Hotstuff GOLD-PERP | +0.0104% | 1h | 4,340.9 | −0.168% | $33K | — | 25x | as long as short |
| Variational Omni XAU | +0.0104% | 4h | 4,343.9 | −0.098% | $48.3M | $27.5M | — | as long as short |
| Aevo XAU-PERP | +0.0112% | 1h | 4,343.8 | −0.102% | $161K | $87 | 10x | as long as short |
| MEXC XAU_USDT | +0.0118% | 4h | 4,344.8 | −0.078% | $371.7M | $320.5M | 1000x | as long as short |
| Binance XAUUSDT | +0.0119% | 4h | 4,344.8 | −0.078% | $418.5M | $2.09B | 100x | as long as short |
| edgeX XAUUSDC | +0.0129% | 4h | 4,340.2 | −0.184% | $30.2M | $58.2M | 50x | as long as short |
| Phoenix GOLD | +0.0136% | 1h | 4,340.5 | −0.177% | $47K | $77K | 25x | as long as short |
| Phemex XAUUSDT | +0.0165% | 4h | 4,347.7 | −0.012% | $2.2M | $967K | 100x | as long as short |
| GRVT XAU_USDT_Perp | +0.0182% | 4h | 4,344.6 | −0.083% | $1.4M | $2.9M | 25x | as long as short |
| Bullet GOLD-USD | +0.0211% | 1h | 4,344.8 | −0.078% | $59K | $82K | 10x | as long as short |
| Polymarket Perps GOLD-USD | +0.0213% | 1h | 4,344.6 | −0.083% | $4.3M | $2.0M | 20x | as long as short |
| Deribit GOLD_USDC-PERPETUAL | +0.0234% | 1h | 4,343.2 | −0.115% | $205K | $826K | 25x | as long as short |
| Kraken Futures PF_XAUUSDshort | +0.0259% | 1h | 4,341.9 | −0.144% | $592K | $132K | 25x | |
| Bitget XAUUSDT | +0.0266% | 4h | 4,345.2 | −0.070% | $71.0M | $109.2M | 100x | as long as short |
| OKX XAU-USDT-SWAP | +0.0326% | 8h | 4,345.5 | −0.062% | $167.2M | $282.3M | 100x | as long as short |
| BloFin XAU-USDT | +0.0358% | 4h | 4,341.8 | −0.147% | $15.7M | $4.4M | 100x | as long as short |
| GMX GOLD/USD [ETH-USDC] | L +0.0427% / S −0.0252% | 1h | 4,344.8 | −0.078% | $250K | — | 111x | as long as short |
| HTX XAU-USDTlong | +0.0547% | 4h | 4,348.2 | long leg | $2.8M | $4.6M | 75x |
tradeXYZ xyz:GOLD
Ondo Perps XAU-USD.P
Kalshi KXGOLDPERP
Lighter XAU
Coinbase International GOLD-PERP-INTX
Paradex XAU-USD-PERP
Lighter RH XAU
Gate XAU_USDT
Aster XAUUSD1
Pacifica XAU
ApeX Omni XAUUSDT
Hotstuff GOLD-PERP
Variational Omni XAU
Aevo XAU-PERP
MEXC XAU_USDT
Binance XAUUSDT
edgeX XAUUSDC
Phoenix GOLD
Phemex XAUUSDT
GRVT XAU_USDT_Perp
Bullet GOLD-USD
Polymarket Perps GOLD-USD
Deribit GOLD_USDC-PERPETUAL
Bitget XAUUSDT
OKX XAU-USDT-SWAP
BloFin XAU-USDT
GMX GOLD/USD [ETH-USDC]