XAUT

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0035%/8h= +3.8% APRpaid last 24h −0.006%

Price spread now: Bybit against Kraken Futures−0.038%7-day average −0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$240.244% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days−0.042%−$4 on $10k

Price spread, last 4 days (all we have)−0.119%−$12 · spread now −0.038%, 7d avg −0.025%

Together, before fees−0.160%−$16 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.025%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_XAUTUSD	4,358.9	0.0065	pay 0.0008% / 1h	9m 19s	$5.7M	$5.0M	50x
Short	Bybit XAUTUSDT	4,357.2	0.0100	get 0.0050% / 4h	3h 09m	$119.0M	$41.4M	75x

Funding history

latest

Range statsloading…

Bybit against Kraken Futures. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Position, each leg$Hold fordaysFee Kraken FuturesbpFee BybitbpOrdersPrice spread, now −0.038%Rate

Slippage from Kraken Futures: live order book, 3 min ago; Bybit: live order book, 3 min ago.

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, 3 min ago	0.23 bp	7.2 bp −$7	9.4 bp −$94	18.1 bp −$1,808	doesn't fit
Sell Bybit live order book, 3 min ago	0.12 bp	5.8 bp −$6	7.0 bp −$70	14.3 bp −$1,430	doesn't fit

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	−0.0186%	1h	4,356.7	−0.049%	$56K	$1K	20x	as long as short
Bitget XAUTUSDT	−0.0038%	4h	4,356.6	−0.052%	$24.1M	$21.9M	75x	as long as short
Gate XAUT_USDT	0.0000%	8h	4,358	−0.020%	$127.8M	$12.2M	100x	as long as short
Injective XAUT/USDC PERP	+0.0033%	1h	4,353.9	−0.114%	$8K	$144K	30x	as long as short
SoDEX XAUT-USD	+0.0050%	1h	4,358.9	+0.001%	$10.2M	$2.0M	25x	as long as short
Kraken Futures PF_XAUTUSDlong	+0.0065%	1h	4,358.9	long leg	$5.7M	$5.0M	50x
Derive XAUT-PERP	+0.0088%	1h	4,354.1	−0.110%	$2.0M	$822K	10x	as long as short
Nado XAUT-PERP	+0.0100%	1h	4,356.2	−0.061%	$4.2M	$793K	10x	as long as short
Binance XAUTUSDT	+0.0100%	4h	4,356.8	−0.048%	$37.4M	$44.5M	75x	as long as short
Bybit XAUTUSDTshort	+0.0100%	4h	4,357.2	−0.038%	$119.0M	$41.4M	75x

Show all 20 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC XAUT_USDT	+0.0100%	4h	4,356.9	−0.045%	$385.3M	$302.9M	1000x	as long as short
KuCoin XAUTUSDTM	+0.0100%	4h	4,358.1	−0.018%	$12.3M	$3.5M	75x	as long as short
BingX XAUT-USDT	+0.0100%	4h	4,356.4	−0.056%	—	$16.3M	—	as long as short
Variational Omni XAUT	+0.0100%	4h	4,356.6	−0.052%	$33.6M	$2.7M	—	as long as short
GRVT XAUT_USDT_Perp	+0.0100%	4h	4,356.2	−0.062%	$802	$106K	10x	as long as short
Orderly PERP_XAUT_USDC_mythos	+0.0100%	4h	4,357.8	−0.025%	$268	—	10x	as long as short
SunX XAUT-USDT	+0.0100%	4h	4,362.5	+0.082%	$3K	$1.1M	20x	as long as short
HTX XAUT-USDT	+0.0100%	4h	4,355	−0.089%	$1.8M	$193K	75x	as long as short
Extended XAUT-USD	+0.0104%	1h	4,356.8	−0.048%	$281K	$168K	25x	as long as short
BloFin XAUT-USDT	+0.0340%	4h	4,356.2	−0.061%	$2.4M	$3.1M	75x	as long as short