Funding you earn now, next payment 05:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%
Price spread now: SoDEX against KuCoin−0.053%53s7-day average +0.021% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$220.219% of the position
Funding, last 3 days (all we have)−0.052%−$5 on $10k
+Price spread, last 4 days (all we have)+0.144%+$14 · spread now −0.053%, 7d avg +0.021%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and SoDEX is 0.074% cheaper against KuCoin than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.021%). Swap the legs. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin XAUTUSDTM | 4,344 | 0.0100 | pay 0.0050% / 4h | 3h 05m | $11.5M | $2.9M | 75x |
| Short | SoDEX XAUT-USD | 4,341.7 | 0.0050 | get 0.0006% / 1h | 5m 31s | $10.1M | $2.0M | 25x |
KuCoin XAUTUSDTM
SoDEX XAUT-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX against KuCoin. 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
- −$10.5
- Price spread: −0.053% → +0.021%
- −$7.4
- Slippage, 4 orders
- −$1.91
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$39.81
- Costs to cover
- 0.219%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 8 min ago; SoDEX: 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 KuCoin live order book, 8 min ago | 0.01 bp | 6.9 bp −$7 | 13.5 bp −$135 | doesn't fit | doesn't fit |
| Sell SoDEX live order book, 4 min ago | 0.12 bp | 4.1 bp −$4 | 5.0 bp −$50 | 44.1 bp −$4,410 | 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 | −0.0336% | 1h | 4,342.2 | −0.041% | $56K | $29K | 20x | as long as short |
| Bitget XAUTUSDT | −0.0038% | 4h | 4,342.2 | −0.042% | $25.9M | $15.5M | 75x | as long as short |
| Gate XAUT_USDT | 0.0000% | 8h | 4,344.1 | +0.002% | $130.6M | $8.2M | 100x | as long as short |
| Injective XAUT/USDC PERP | +0.0033% | 1h | 4,349.8 | +0.133% | $8K | $149K | 30x | as long as short |
| SoDEX XAUT-USDshort | +0.0050% | 1h | 4,341.7 | −0.053% | $10.1M | $2.0M | 25x | |
| Variational Omni XAUT | +0.0054% | 4h | 4,341.8 | −0.051% | $33.1M | $3.5M | — | as long as short |
| Extended XAUT-USD | +0.0080% | 1h | 4,342 | −0.047% | $272K | $215K | 25x | as long as short |
| Binance XAUTUSDT | +0.0081% | 4h | 4,343.2 | −0.019% | $35.3M | $45.3M | 75x | as long as short |
| Nado XAUT-PERP | +0.0100% | 1h | 4,342.5 | −0.034% | $4.2M | $909K | 10x | as long as short |
| Bybit XAUTUSDT | +0.0100% | 4h | 4,342.8 | −0.028% | $120.4M | $27.9M | 75x | as long as short |
Aftermath Perps XAUTUSD
Bitget XAUTUSDT
Gate XAUT_USDT
Injective XAUT/USDC PERP
Variational Omni XAUT
Extended XAUT-USD
Binance XAUTUSDT
Nado XAUT-PERP
Bybit XAUTUSDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC XAUT_USDT | +0.0100% | 4h | 4,342.7 | −0.030% | $392.5M | $272.0M | 1000x | as long as short |
| KuCoin XAUTUSDTMlong | +0.0100% | 4h | 4,344 | long leg | $11.5M | $2.9M | 75x | |
| BingX XAUT-USDT | +0.0100% | 4h | 4,342.8 | −0.029% | — | $17.7M | — | as long as short |
| GRVT XAUT_USDT_Perp | +0.0100% | 4h | 4,342.2 | −0.041% | $300 | $105K | 10x | as long as short |
| Orderly PERP_XAUT_USDC_mythos | +0.0100% | 4h | 4,342.9 | −0.026% | $267 | $17K | 10x | as long as short |
| Derive XAUT-PERP | +0.0100% | 1h | 4,343.6 | −0.009% | $1.8M | $304K | 10x | as long as short |
| SunX XAUT-USDT | +0.0100% | 4h | 4,348.5 | +0.103% | $3K | $3.3M | 20x | as long as short |
| HTX XAUT-USDT | +0.0100% | 4h | 4,340.1 | −0.090% | $1.8M | $236K | 75x | as long as short |
| Kraken Futures PF_XAUTUSD | +0.0138% | 1h | 4,344.5 | +0.012% | $5.7M | $4.4M | 50x | as long as short |
| BloFin XAUT-USDT | +0.0340% | 4h | 4,341.1 | −0.067% | $2.3M | $1.6M | 75x | as long as short |
MEXC XAUT_USDT
BingX XAUT-USDT
GRVT XAUT_USDT_Perp
Orderly PERP_XAUT_USDC_mythos
Derive XAUT-PERP
SunX XAUT-USDT
HTX XAUT-USDT
Kraken Futures PF_XAUTUSD
BloFin XAUT-USDT