Funding you earn now, next payment 11:00 UTC+0.0104%/8h= +11.4% APRnext payment +$0.13 per $10,000 · paid last 24h +0.022%
Price spread now: Kraken Futures against Injective−0.344%7-day average −0.114% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.113%+$11 on $10k
+Price spread, last 4 days (all we have)+0.144%+$14 · spread now −0.344%, 7d avg −0.114%
=Funding pays, the price is against you. Kraken Futures is 0.231% cheaper against Injective than usual: you would sell low and buy high (spread −0.344% now, against its 7-day average of −0.114%). If the spread goes back, that is −$23 on $10k: about 7.4 days of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective XAUT/USDC PERP | 4,349.8 | 0.0033 | pay 0.0004% / 1h | 46m 59s | $8K | $149K | 30x |
| Short | Kraken Futures PF_XAUTUSD | 4,334.8 | 0.0138 | get 0.0017% / 1h | 46m 59s | $6.0M | $5.9M | 50x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Injective. 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
- $21.89
- Price spread: −0.344% → −0.114%
- −$23.07
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$11.2
- Costs to cover
- 0.100%
- Break-even
- 10.6 days
Slippage unknown: Injective: no order-book sample; Kraken Futures: live order book, 5 min ago. Net counts fees only.
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 Injective no order-book sample | — | — | — | — | — |
| Sell Kraken Futures live order book, 5 min ago | 0.69 bp | 6.5 bp −$6 | 9.1 bp −$91 | 18.9 bp −$1,892 | doesn't fit |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
XAUT on 19 exchanges
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 | −0.0148% | 1h | 4,336.2 | −0.313% | $56K | $11K | 20x | as long as short |
| Bitget XAUTUSDT | −0.0138% | 4h | 4,333.3 | −0.380% | $24.4M | $25.4M | 75x | as long as short |
| Gate XAUT_USDT | 0.0000% | 8h | 4,336.2 | −0.313% | $130.4M | $10.7M | 100x | as long as short |
| Injective XAUT/USDC PERPlong | +0.0033% | 1h | 4,349.8 | long leg | $8K | $149K | 30x | |
| SoDEX XAUT-USD | +0.0050% | 1h | 4,332.8 | −0.391% | $10.1M | $2.2M | 25x | as long as short |
| Extended XAUT-USD | +0.0096% | 1h | 4,332.9 | −0.389% | $274K | $215K | 25x | as long as short |
| Binance XAUTUSDT | +0.0097% | 4h | 4,334.3 | −0.355% | $36.1M | $49.9M | 75x | as long as short |
| Nado XAUT-PERP | +0.0100% | 1h | 4,334.6 | −0.348% | $4.2M | $908K | 10x | as long as short |
| Bybit XAUTUSDT | +0.0100% | 4h | 4,334.3 | −0.356% | $119.2M | $36.8M | 75x | as long as short |
| MEXC XAUT_USDT | +0.0100% | 4h | 4,334.2 | −0.359% | $372.4M | $302.9M | 1000x | as long as short |
Show all 19 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin XAUTUSDTM | +0.0100% | 4h | 4,336.1 | −0.316% | $12.2M | $3.9M | 75x | as long as short |
| BingX XAUT-USDT | +0.0100% | 4h | 4,334.9 | −0.344% | — | $20.9M | — | as long as short |
| Variational Omni XAUT | +0.0100% | 4h | 4,335.4 | −0.330% | $33.1M | $3.4M | — | as long as short |
| GRVT XAUT_USDT_Perp | +0.0100% | 4h | 4,335.5 | −0.329% | $915 | $108K | 10x | as long as short |
| Orderly PERP_XAUT_USDC_mythos | +0.0100% | 4h | 4,333.9 | −0.366% | $266 | $17K | 10x | as long as short |
| SunX XAUT-USDT | +0.0100% | 4h | 4,339.2 | −0.243% | $2K | $2.7M | 20x | as long as short |
| HTX XAUT-USDT | +0.0100% | 4h | 4,333.1 | −0.384% | $1.8M | $196K | 75x | as long as short |
| Kraken Futures PF_XAUTUSDshort | +0.0138% | 1h | 4,334.8 | −0.344% | $6.0M | $5.9M | 50x | |
| BloFin XAUT-USDT | +0.0340% | 4h | 4,333.9 | −0.366% | $2.3M | $734K | 75x | as long as short |
Injective XAUT/USDC PERP
Kraken Futures PF_XAUTUSD
Aftermath Perps XAUTUSD
Bitget XAUTUSDT
Gate XAUT_USDT
SoDEX XAUT-USD
Extended XAUT-USD
Binance XAUTUSDT
Bybit XAUTUSDT
MEXC XAUT_USDT
KuCoin XAUTUSDTM
BingX XAUT-USDT
Variational Omni XAUT
GRVT XAUT_USDT_Perp
SunX XAUT-USDT
HTX XAUT-USDT
BloFin XAUT-USDT