Funding you earn now, next payment 03:00 UTC−0.0087%/8h= −9.6% APRpaid last 24h +0.020%
Price spread now: KuCoin against Kraken Futures−0.029%7-day average +0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$23as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$260.263% of the position
Funding, last 7 days+0.028%+$3 on $10k
+Price spread, last 3 days (all we have)+0.012%+$1 · spread now −0.029%, 7d avg +0.006%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and KuCoin is 0.034% cheaper against Kraken Futures than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.006%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_XAUTUSD | 4,348 | 0.0187 | pay 0.0023% / 1h | 50m 51s | $5.7M | $4.5M | 50x |
| Short | KuCoin XAUTUSDTM | 4,346.7 | 0.0100 | get 0.0050% / 4h | 1h 50m | $11.3M | $2.9M | 75x |
Kraken Futures PF_XAUTUSD
KuCoin XAUTUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$18.37
- Price spread: −0.029% → +0.006%
- −$3.43
- Slippage, 4 orders
- −$4.27
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$48.07
- Costs to cover
- 0.263%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 3 min ago; KuCoin: 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, 3 min ago | 0.12 bp | 5.1 bp −$5 | 8.3 bp −$83 | 16.9 bp −$1,693 | doesn't fit |
| Sell KuCoin live order book, 3 min ago | 0.01 bp | 7.4 bp −$7 | 13.1 bp −$131 | doesn't fit | doesn't fit |
XAUT on 19 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 | −0.0287% | 1h | 4,346.7 | −0.029% | $56K | $30K | 20x | as long as short |
| Bitget XAUTUSDT | −0.0040% | 4h | 4,345.2 | −0.064% | $25.9M | $15.3M | 75x | as long as short |
| Gate XAUT_USDT | 0.0000% | 8h | 4,347 | −0.022% | $130.1M | $8.1M | 100x | as long as short |
| Injective XAUT/USDC PERP | +0.0033% | 1h | 4,349.8 | +0.042% | $8K | $149K | 30x | as long as short |
| Bybit XAUTUSDT | +0.0050% | 4h | 4,344.9 | −0.070% | $120.3M | $27.6M | 75x | as long as short |
| SoDEX XAUT-USD | +0.0050% | 1h | 4,345.1 | −0.066% | $10.1M | $2.0M | 25x | as long as short |
| MEXC XAUT_USDT | +0.0052% | 4h | 4,344.8 | −0.073% | $346.8M | $276.8M | 1000x | as long as short |
| Variational Omni XAUT | +0.0061% | 4h | 4,343.6 | −0.100% | $33.0M | $3.5M | — | as long as short |
| Extended XAUT-USD | +0.0088% | 1h | 4,344.2 | −0.086% | $272K | $213K | 25x | as long as short |
| Binance XAUTUSDT | +0.0089% | 4h | 4,345.5 | −0.056% | $35.2M | $46.7M | 75x | as long as short |
Aftermath Perps XAUTUSD
Bitget XAUTUSDT
Gate XAUT_USDT
Injective XAUT/USDC PERP
Bybit XAUTUSDT
SoDEX XAUT-USD
MEXC XAUT_USDT
Variational Omni XAUT
Extended XAUT-USD
Binance XAUTUSDTShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX XAUT-USDT | +0.0095% | 4h | 4,345.3 | −0.062% | — | $17.8M | — | as long as short |
| Nado XAUT-PERP | +0.0100% | 1h | 4,343.9 | −0.094% | $4.2M | $1.0M | 10x | as long as short |
| KuCoin XAUTUSDTMshort | +0.0100% | 4h | 4,346.7 | −0.029% | $11.3M | $2.9M | 75x | |
| GRVT XAUT_USDT_Perp | +0.0100% | 4h | 4,348.7 | +0.017% | $313 | $109K | 10x | as long as short |
| Orderly PERP_XAUT_USDC_mythos | +0.0100% | 4h | 4,343.8 | −0.096% | $267 | $17K | 10x | as long as short |
| Derive XAUT-PERP | +0.0100% | 1h | 4,345.9 | −0.048% | $1.9M | $271K | 10x | as long as short |
| SunX XAUT-USDT | +0.0100% | 4h | 4,349.7 | +0.039% | $3K | $3.5M | 20x | as long as short |
| HTX XAUT-USDT | +0.0100% | 4h | 4,343.7 | −0.099% | $1.8M | $243K | 75x | as long as short |
| Kraken Futures PF_XAUTUSDlong | +0.0187% | 1h | 4,348 | long leg | $5.7M | $4.5M | 50x |
BingX XAUT-USDT
Nado XAUT-PERP
GRVT XAUT_USDT_Perp
Orderly PERP_XAUT_USDC_mythos
Derive XAUT-PERP
SunX XAUT-USDT
HTX XAUT-USDT