Funding you earn now, next payment 03:00 UTC−0.0221%/8h= −24.2% APRpaid last 24h −0.002%
Price spread now: Bitget against Kraken Futures−0.097%48s7-day average −0.033% · you buy dearer than you sell
Net, funding: paid 7d − costs−$30as 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−$260.262% of the position
Funding, last 7 days−0.041%−$4 on $10k
+Price spread, last 4 days (all we have)−0.061%−$6 · spread now −0.097%, 7d avg −0.033%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Bitget is 0.064% cheaper against Kraken Futures than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.033%). Swap the legs. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.041% in total (about -2.1% 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_XAUTUSD | 4,353.5 | 0.0187 | pay 0.0023% / 1h | 29m 25s | $5.7M | $4.5M | 50x |
| Short | Bitget XAUTUSDT | 4,349.3 | −0.0034 | pay 0.0017% / 4h | 1h 29m | $25.9M | $15.3M | 75x |
Kraken Futures PF_XAUTUSD
Bitget XAUTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$46.46
- Price spread: −0.097% → −0.033%
- −$6.37
- Slippage, 4 orders
- −$4.22
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$79.05
- Costs to cover
- 0.262%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 4 min ago; Bitget: live order book, 4 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, 4 min ago | 0.57 bp | 5.9 bp −$6 | 7.5 bp −$75 | 17.3 bp −$1,734 | doesn't fit |
| Sell Bitget live order book, 4 min ago | 0.01 bp | 6.8 bp −$7 | 10.7 bp −$107 | doesn't fit | 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 | −0.0304% | 1h | 4,348.9 | −0.105% | $56K | $29K | 20x | as long as short |
| Bitget XAUTUSDTshort | −0.0034% | 4h | 4,349.3 | −0.097% | $25.9M | $15.3M | 75x | |
| Bybit XAUTUSDT | −0.0017% | 4h | 4,348.7 | −0.109% | $120.2M | $27.8M | 75x | as long as short |
| MEXC XAUT_USDT | −0.0014% | 4h | 4,349 | −0.103% | $343.9M | $280.5M | 1000x | as long as short |
| Gate XAUT_USDT | 0.0000% | 8h | 4,351.3 | −0.051% | $130.4M | $8.2M | 100x | as long as short |
| Variational Omni XAUT | +0.0018% | 4h | 4,347.8 | −0.132% | $33.1M | $3.5M | — | as long as short |
| Injective XAUT/USDC PERP | +0.0033% | 1h | 4,349.8 | −0.085% | $8K | $149K | 30x | as long as short |
| SoDEX XAUT-USD | +0.0050% | 1h | 4,352 | −0.035% | $10.2M | $2.0M | 25x | as long as short |
| Extended XAUT-USD | +0.0072% | 1h | 4,348.8 | −0.107% | $272K | $213K | 25x | as long as short |
| Binance XAUTUSDT | +0.0076% | 4h | 4,349.4 | −0.095% | $35.2M | $45.7M | 75x | as long as short |
Aftermath Perps XAUTUSD
Bybit XAUTUSDT
MEXC XAUT_USDT
Gate XAUT_USDT
Variational Omni XAUT
Injective XAUT/USDC PERP
SoDEX XAUT-USD
Extended XAUT-USD
Binance XAUTUSDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX XAUT-USDT | +0.0078% | 4h | 4,349.4 | −0.094% | — | $17.8M | — | as long as short |
| Nado XAUT-PERP | +0.0100% | 1h | 4,349.1 | −0.100% | $4.2M | $1.0M | 10x | as long as short |
| KuCoin XAUTUSDTM | +0.0100% | 4h | 4,351.5 | −0.046% | $11.5M | $2.9M | 75x | as long as short |
| GRVT XAUT_USDT_Perp | +0.0100% | 4h | 4,349.4 | −0.094% | $731 | $109K | 10x | as long as short |
| Orderly PERP_XAUT_USDC_mythos | +0.0100% | 4h | 4,349.1 | −0.101% | $267 | $17K | 10x | as long as short |
| Derive XAUT-PERP | +0.0100% | 1h | 4,352.1 | −0.033% | $1.9M | $279K | 10x | as long as short |
| SunX XAUT-USDT | +0.0100% | 4h | 4,356.4 | +0.066% | $2K | $3.4M | 20x | as long as short |
| HTX XAUT-USDT | +0.0100% | 4h | 4,346.1 | −0.170% | $1.8M | $238K | 75x | as long as short |
| Kraken Futures PF_XAUTUSDlong | +0.0187% | 1h | 4,353.5 | long leg | $5.7M | $4.5M | 50x | |
| BloFin XAUT-USDT | +0.0190% | 4h | 4,348.7 | −0.110% | $2.3M | $1.6M | 75x | as long as short |
BingX XAUT-USDT
Nado XAUT-PERP
KuCoin XAUTUSDTM
GRVT XAUT_USDT_Perp
Orderly PERP_XAUT_USDC_mythos
Derive XAUT-PERP
SunX XAUT-USDT
HTX XAUT-USDT
BloFin XAUT-USDT