Funding you earn now, next payment 00:00 UTC−0.0201%/8h= −22.0% APRpaid last 24h −0.045%
Price spread now: edgeX against Kraken Futures−0.076%7-day average −0.097% · you buy dearer than you sell
Net, funding: paid 7d − costs−$38as in the Funding arb table
Net, price: spread back to 7d avg − costs−$22as in the Price arb table
costs, in and out, $10k−$240.240% of the position
Funding, last 7 days−0.136%−$14 on $10k
+Price spread, last 3 days (all we have)−0.096%−$10 · spread now −0.076%, 7d avg −0.097%
=Together, before fees−0.232%+ Points / potential airdropedgeX: Active · farm board−$23 on $10k · with fees, hour by hour
The price spread pays, funding is against you. edgeX is 0.021% dearer against Kraken Futures than usual: you sell high and buy low (spread −0.076% now, against its 7-day average of −0.097%): +$2 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 8 hours. At the pace of the last 7 days (−0.136% in total) that is about 26 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.136% in total (about -7.1% 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 | Kraken Futures PF_XAUUSD | 4,363.8 | 0.0220 | pay 0.0027% / 1h | 41m 18s | $602K | $138K | 25x |
| Short | edgeX XAUUSDC | 4,360.5 | 0.0019 | get 0.0009% / 4h | 41m 18s | $30.3M | $58.3M | 50x |
Kraken Futures PF_XAUUSD
edgeX XAUUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against Kraken Futures. 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
- −$42.14
- Price spread: −0.076% → −0.097%
- $2.1
- Slippage, 4 orders
- −$4.99
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$64.04
- Costs to cover
- 0.240%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 37 min ago; edgeX: live order book, 3 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 Kraken Futures live order book, 37 min ago | 1.66 bp | 7.5 bp −$7 | 15.4 bp −$154 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 3 min ago | 0.34 bp | 4.8 bp −$5 | 4.9 bp −$49 | 8.4 bp −$840 | 37.9 bp −$18.9K |
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 | −0.0290% | 1h | 4,360.6 | −0.074% | $26K | $21K | 20x | as long as short |
| Phoenix GOLD | −0.0004% | 1h | 4,363.3 | −0.013% | $48K | $65K | 25x | as long as short |
| Aster XAUUSD1 | 0.0000% | 4h | 4,366.8 | +0.068% | $71.6M | $228.0M | 20x | as long as short |
| Binance XAUUSDT | 0.0000% | 4h | 4,366.6 | +0.062% | $408.0M | $2.11B | 100x | as long as short |
| Bybit XAUUSDT | 0.0000% | 4h | 4,367.1 | +0.074% | $82.6M | $141.6M | 150x | as long as short |
| RISEx XAU/USDC | 0.0000% | 1h | 4,365.9 | +0.048% | $3.4M | $12.4M | 25x | as long as short |
| Gate XAU_USDT | 0.0000% | 4h | 4,367 | +0.072% | $268.1M | $408.0M | 100x | as long as short |
| MEXC XAU_USDT | 0.0000% | 4h | 4,366.7 | +0.066% | $377.3M | $321.4M | 1000x | as long as short |
| Bitget XAUUSDT | 0.0000% | 4h | 4,366.4 | +0.058% | $67.0M | $111.2M | 100x | as long as short |
| Variational Omni XAU | 0.0000% | 4h | 4,365.9 | +0.047% | $48.5M | $30.6M | — | as long as short |
Bluefin GOLD-PERP
Phoenix GOLD
Aster XAUUSD1
Binance XAUUSDT
Bybit XAUUSDT
RISEx XAU/USDC
Gate XAU_USDT
MEXC XAU_USDT
Bitget XAUUSDT
Variational Omni XAUShow all 39 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT XAU_USDT_Perp | 0.0000% | 4h | 4,367.2 | +0.077% | $1.4M | $3.1M | 25x | as long as short |
| Kalshi KXGOLDPERP | 0.0000% | 24h | 4,363.6 | −0.006% | $4.0M | $35.3M | 15x | as long as short |
| SunX XAU-USDT | 0.0000% | 4h | 4,371.2 | +0.169% | $93K | $10.6M | 20x | as long as short |
| gTrade (Gains Network) XAU/USD | L +0.0002% / S −0.0003% | 1h | 4,362.6 | −0.030% | $268K | — | 250x | as long as short |
| edgeX XAUUSDCshort | +0.0019% | 4h | 4,360.5 | −0.076% | $30.3M | $58.3M | 50x | |
| QFEX GOLD-USD | +0.0032% | 1h | 4,365.7 | +0.042% | $5.6M | $1.7M | 20x | as long as short |
| Lighter XAU | +0.0032% | 1h | 4,365.8 | +0.045% | $20.8M | $44.4M | 25x | as long as short |
| Lighter RH XAU | +0.0032% | 1h | 4,368.1 | +0.097% | $20.3M | $41.6M | 25x | as long as short |
| Extended XAU-USD | +0.0032% | 1h | 4,362.9 | −0.022% | $13.0M | $46.4M | 25x | as long as short |
| Injective XAU/USDC PERP | +0.0033% | 1h | 4,350.4 | −0.308% | $619 | $54 | 52x | as long as short |
| StandX XAU-USD | +0.0040% | 1h | 4,366.3 | +0.056% | $3.8M | $4.7M | 40x | as long as short |
| Bullet GOLD-USD | +0.0041% | 1h | 4,366.3 | +0.056% | $60K | $81K | 10x | as long as short |
| Vest GC-PERP | +0.0046% | 1h | 4,400.8 | +0.847% | — | $1.0M | 25x | as long as short |
| tradeXYZ xyz:GOLD | +0.0050% | 1h | 4,362.7 | −0.026% | $293.7M | $52.3M | 25x | as long as short |
| Paradex XAU-USD-PERP | +0.0050% | 8h | 4,365.9 | +0.048% | $19K | $6K | 5x | as long as short |
| Ondo Perps XAU-USD.P | +0.0050% | 1h | 4,362.8 | −0.025% | $14.5M | $56.1M | 25x | as long as short |
| Deribit GOLD_USDC-PERPETUAL | +0.0071% | 1h | 4,365 | +0.026% | $235K | $735K | 25x | as long as short |
| Polymarket Perps GOLD-USD | +0.0075% | 1h | 4,366 | +0.049% | $4.3M | $1.8M | 20x | as long as short |
| Aevo XAU-PERP | +0.0080% | 1h | 4,365.5 | +0.038% | $162K | $87 | 10x | as long as short |
| Hotstuff GOLD-PERP | +0.0096% | 1h | 4,363.1 | −0.017% | $33K | — | 25x | as long as short |
| Pacifica XAU | +0.0100% | 1h | 4,363.3 | −0.013% | $1.4M | $1.2M | 10x | as long as short |
| ApeX Omni XAUUSDT | +0.0100% | 1h | 4,361.3 | −0.058% | $277K | $204K | 50x | as long as short |
| HTX XAU-USDT | +0.0139% | 4h | 4,369.8 | +0.137% | $2.8M | $3.8M | 75x | as long as short |
| Coinbase International GOLD-PERP-INTX | +0.0152% | 1h | 4,364 | +0.003% | $2.0M | $5.1M | 25x | as long as short |
| OKX XAU-USDT-SWAP | +0.0154% | 8h | 4,367.2 | +0.077% | $157.9M | $271.3M | 100x | as long as short |
| Kraken Futures PF_XAUUSDlong | +0.0220% | 1h | 4,363.8 | long leg | $602K | $138K | 25x | |
| BloFin XAU-USDT | +0.0240% | 4h | 4,366.9 | +0.069% | $14.7M | $4.4M | 100x | as long as short |
| Phemex XAUUSDT | +0.0307% | 4h | 4,369.9 | +0.139% | $2.2M | $1.1M | 100x | as long as short |
| GMX GOLD/USD [ETH-USDC] | L +0.0388% / S −0.0197% | 1h | 4,366.3 | +0.056% | $252K | — | 111x | as long as short |
GRVT XAU_USDT_Perp
Kalshi KXGOLDPERP
SunX XAU-USDT
gTrade (Gains Network) XAU/USD
QFEX GOLD-USD
Lighter XAU
Lighter RH XAU
Extended XAU-USD
Injective XAU/USDC PERP
StandX XAU-USD
Bullet GOLD-USD
Vest GC-PERP
tradeXYZ xyz:GOLD
Paradex XAU-USD-PERP
Ondo Perps XAU-USD.P
Deribit GOLD_USDC-PERPETUAL
Polymarket Perps GOLD-USD
Aevo XAU-PERP
Hotstuff GOLD-PERP
Pacifica XAU
ApeX Omni XAUUSDT
HTX XAU-USDT
Coinbase International GOLD-PERP-INTX
OKX XAU-USDT-SWAP
BloFin XAU-USDT
Phemex XAUUSDT
GMX GOLD/USD [ETH-USDC]