Funding you earn now, next payment 02:00 UTC+0.0196%/8h= +21.5% APRnext payment +$0.25 per $10,000 · paid last 24h −0.021%
Price spread now: Kraken Futures against Extended+0.093%7-day average +0.052% · you sell dearer than you buy
Net, funding: paid 7d − costs−$17as in the Funding arb table
Net, price: spread back to 7d avg − costs−$15as in the Price arb table
costs, in and out, $10k−$190.195% of the position
Funding, last 7 days+0.021%+$2 on $10k
+Price spread, last 3 days (all we have)−0.025%−$3 · spread now +0.093%, 7d avg +0.052%
=Together, before fees−0.004%+ Points / potential airdropExtended: Active · farm board$0 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Kraken Futures is 0.042% dearer against Extended than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.052%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.021% in total (about 1.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.25 per $10,000. 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 | Extended XAUT-USD | 4,350.2 | 0.0104 | pay 0.0013% / 1h | 38m 25s | $272K | $231K | 25x |
| Short | Kraken Futures PF_XAUTUSD | 4,354.2 | 0.0300 | get 0.0038% / 1h | 38m 25s | $5.3M | $4.1M | 50x |
Extended XAUT-USD
Kraken Futures PF_XAUTUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Extended. 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
- $41.26
- Price spread: +0.093% → +0.052%
- $4.17
- Slippage, 4 orders
- −$4.5
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $25.94
- Costs to cover
- 0.195%
- Break-even
- 2.6 days
Slippage from Extended: live order book, 29 min ago; Kraken Futures: live order book, 5 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 Extended live order book, 29 min ago | 0.12 bp | 2.8 bp −$3 | 6.6 bp −$66 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 5 min ago | 1.15 bp | 6.8 bp −$7 | 7.2 bp −$72 | 13.4 bp −$1,343 | 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 | −0.0271% | 1h | 4,352.2 | +0.046% | $56K | $30K | 20x | as long as short |
| Bitget XAUTUSDT | −0.0042% | 4h | 4,349.6 | −0.012% | $25.8M | $15.2M | 75x | as long as short |
| Gate XAUT_USDT | 0.0000% | 8h | 4,352.6 | +0.056% | $130.5M | $8.2M | 100x | as long as short |
| MEXC XAUT_USDT | +0.0002% | 4h | 4,349.6 | −0.013% | $331.7M | $282.4M | 1000x | as long as short |
| Bybit XAUTUSDT | +0.0006% | 4h | 4,349.8 | −0.008% | $120.6M | $27.8M | 75x | as long as short |
| Injective XAUT/USDC PERP | +0.0033% | 1h | 4,349.8 | −0.008% | $8K | $149K | 30x | as long as short |
| SoDEX XAUT-USD | +0.0050% | 1h | 4,354.1 | +0.091% | $10.2M | $2.0M | 25x | as long as short |
| Variational Omni XAUT | +0.0066% | 4h | 4,349.2 | −0.023% | $33.0M | $3.5M | — | as long as short |
| Nado XAUT-PERP | +0.0100% | 1h | 4,349.9 | −0.006% | $4.2M | $992K | 10x | as long as short |
| Binance XAUTUSDT | +0.0100% | 4h | 4,349 | −0.026% | $35.3M | $46.8M | 75x | as long as short |
Aftermath Perps XAUTUSD
Bitget XAUTUSDT
Gate XAUT_USDT
MEXC XAUT_USDT
Bybit XAUTUSDT
Injective XAUT/USDC PERP
SoDEX XAUT-USD
Variational Omni XAUT
Nado XAUT-PERP
Binance XAUTUSDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin XAUTUSDTM | +0.0100% | 4h | 4,352 | +0.042% | $11.4M | $2.9M | 75x | as long as short |
| BingX XAUT-USDT | +0.0100% | 4h | 4,349.9 | −0.006% | — | $17.8M | — | as long as short |
| GRVT XAUT_USDT_Perp | +0.0100% | 4h | 4,351.1 | +0.022% | $666 | $111K | 10x | as long as short |
| Orderly PERP_XAUT_USDC_mythos | +0.0100% | 4h | 4,351.4 | +0.028% | $267 | $17K | 10x | as long as short |
| Derive XAUT-PERP | +0.0100% | 1h | 4,353.7 | +0.081% | $1.9M | $252K | 10x | as long as short |
| SunX XAUT-USDT | +0.0100% | 4h | 4,357.2 | +0.162% | $3K | $3.6M | 20x | as long as short |
| HTX XAUT-USDT | +0.0100% | 4h | 4,349.7 | −0.011% | $1.9M | $242K | 75x | as long as short |
| Extended XAUT-USDlong | +0.0104% | 1h | 4,350.2 | long leg | $272K | $231K | 25x | |
| BloFin XAUT-USDT | +0.0141% | 4h | 4,358.5 | +0.192% | $2.3M | $1.6M | 75x | as long as short |
| Kraken Futures PF_XAUTUSDshort | +0.0300% | 1h | 4,354.2 | +0.093% | $5.3M | $4.1M | 50x |
KuCoin XAUTUSDTM
BingX XAUT-USDT
GRVT XAUT_USDT_Perp
Orderly PERP_XAUT_USDC_mythos
Derive XAUT-PERP
SunX XAUT-USDT
HTX XAUT-USDT
BloFin XAUT-USDT