Funding you earn now, next payment 09:00 UTC−0.0228%/8h= −25.0% APRnext payment −$0.29 per $10,000 · paid last 24h −0.046%
Price spread now: ApeX Omni against Kraken Futures−0.007%75s7-day average +0.025% · you buy dearer than you sell
Net, funding: paid 7d − costs−$67as 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−$510.512% of the position
Funding, last 7 days−0.155%−$15 on $10k
+Price spread, last 4 days (all we have)−0.154%−$15 · spread now −0.007%, 7d avg +0.025%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and ApeX Omni is 0.032% 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 +0.025%). Swap the legs. The two prices were read 75 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 -0.155% in total (about -8.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.29 per $10,000. 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_XAUUSD | 4,305.5 | 0.0328 | pay 0.0041% / 1h | 34m 15s | $573K | $138K | 25x |
| Short | ApeX Omni XAUUSDT | 4,305.2 | 0.0100 | get 0.0013% / 1h | 34m 15s | $275K | $218K | 50x |
Kraken Futures PF_XAUUSD
ApeX Omni XAUUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni 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
- −$47.91
- Price spread: −0.007% → +0.025%
- −$3.18
- Slippage, 4 orders
- −$31.17
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$102.26
- Costs to cover
- 0.512%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 64 min ago; ApeX Omni: live order book, 63 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, 64 min ago | 2.53 bp | 8.4 bp −$8 | 12.4 bp −$124 | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 63 min ago | 5.20 bp | 16.4 bp −$16 | 29.3 bp −$293 | 40.5 bp −$4,051 | doesn't fit |
XAU on 39 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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff GOLD-PERP | −0.0032% | 1h | 4,305.5 | 0.000% | $32K | — | 25x | as long as short |
| SunX XAU-USDT | 0.0000% | 4h | 4,311.7 | +0.145% | $92K | $6.8M | 20x | as long as short |
| gTrade (Gains Network) XAU/USD | L +0.0002% / S −0.0003% | 1h | 4,303.6 | −0.045% | $278K | — | 250x | as long as short |
| GRVT XAU_USDT_Perp | +0.0012% | 4h | 4,308 | +0.060% | $1.4M | $3.0M | 25x | as long as short |
| Injective XAU/USDC PERP | +0.0033% | 1h | 4,350.4 | +1.044% | $619 | $54 | 52x | as long as short |
| StandX XAU-USD | +0.0040% | 1h | 4,306.8 | +0.031% | $3.8M | $4.5M | 40x | as long as short |
| Vest GC-PERP | +0.0046% | 1h | 4,338.7 | +0.772% | — | $1.0M | 25x | as long as short |
| QFEX GOLD-USD | +0.0046% | 1h | 4,306 | +0.012% | $6.6M | $3.1M | 20x | as long as short |
| tradeXYZ xyz:GOLD | +0.0050% | 1h | 4,304.5 | −0.023% | $291.0M | $53.9M | 25x | as long as short |
| Polymarket Perps GOLD-USD | +0.0050% | 1h | 4,304.2 | −0.030% | $4.3M | $1.8M | 20x | as long as short |
Hotstuff GOLD-PERP
SunX XAU-USDT
gTrade (Gains Network) XAU/USD
GRVT XAU_USDT_Perp
Injective XAU/USDC PERP
StandX XAU-USD
Vest GC-PERP
QFEX GOLD-USD
tradeXYZ xyz:GOLD
Polymarket Perps GOLD-USDShow all 39 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps XAU-USD.P | +0.0050% | 1h | 4,302.7 | −0.064% | $15.0M | $55.8M | 25x | as long as short |
| Aster XAUUSD1 | +0.0052% | 4h | 4,308.2 | +0.063% | $73.4M | $272.0M | 20x | as long as short |
| Coinbase International GOLD-PERP-INTX | +0.0056% | 1h | 4,305.8 | +0.007% | $2.0M | $5.1M | 25x | as long as short |
| Paradex XAU-USD-PERP | +0.0061% | 8h | 4,306.6 | +0.025% | $2K | $13K | 5x | as long as short |
| Extended XAU-USD | +0.0072% | 1h | 4,304.1 | −0.032% | $13.1M | $36.2M | 25x | as long as short |
| Lighter XAU | +0.0080% | 1h | 4,307.1 | +0.037% | $20.3M | $28.9M | 25x | as long as short |
| Variational Omni XAU | +0.0089% | 4h | 4,305.9 | +0.010% | $46.6M | $29.2M | — | as long as short |
| Phoenix GOLD | +0.0095% | 1h | 4,306.1 | +0.014% | $42K | $86K | 25x | as long as short |
| Pacifica XAU | +0.0100% | 1h | 4,303.3 | −0.050% | $1.4M | $1.2M | 10x | as long as short |
| ApeX Omni XAUUSDTshort | +0.0100% | 1h | 4,305.2 | −0.007% | $275K | $218K | 50x | |
| MEXC XAU_USDT | +0.0102% | 4h | 4,307.4 | +0.045% | $364.5M | $337.9M | 1000x | as long as short |
| Lighter RH XAU | +0.0104% | 1h | 4,309.8 | +0.099% | $19.8M | $39.9M | 25x | as long as short |
| Aevo XAU-PERP | +0.0104% | 1h | 4,306.4 | +0.022% | $159K | $87 | 10x | as long as short |
| Binance XAUUSDT | +0.0104% | 4h | 4,307.4 | +0.043% | $434.1M | $2.22B | 100x | as long as short |
| Kalshi KXGOLDPERP | +0.0110% | 24h | 4,311.3 | +0.135% | $3.7M | $46.5M | 15x | as long as short |
| edgeX XAUUSDC | +0.0111% | 4h | 4,306.8 | +0.030% | $30.0M | $61.5M | 50x | as long as short |
| Bybit XAUUSDT | +0.0119% | 4h | 4,308.2 | +0.062% | $77.4M | $157.6M | 150x | as long as short |
| RISEx XAU/USDC | +0.0126% | 1h | 4,306.7 | +0.029% | $4.4M | $13.1M | 25x | as long as short |
| Gate XAU_USDT | +0.0160% | 4h | 4,309.9 | +0.103% | $297.1M | $427.0M | 100x | as long as short |
| Bitget XAUUSDT | +0.0190% | 4h | 4,307.6 | +0.050% | $70.6M | $125.2M | 100x | as long as short |
| Bullet GOLD-USD | +0.0196% | 1h | 4,307.5 | +0.046% | $58K | $81K | 10x | as long as short |
| Deribit GOLD_USDC-PERPETUAL | +0.0238% | 1h | 4,307.7 | +0.052% | $134K | $846K | 25x | as long as short |
| OKX XAU-USDT-SWAP | +0.0249% | 8h | 4,308.4 | +0.068% | $171.4M | $330.3M | 100x | as long as short |
| Kraken Futures PF_XAUUSDlong | +0.0328% | 1h | 4,305.5 | long leg | $573K | $138K | 25x | |
| BloFin XAU-USDT | +0.0369% | 4h | 4,307.1 | +0.038% | $16.2M | $5.0M | 100x | as long as short |
| GMX GOLD/USD [ETH-USDC] | L +0.0467% / S −0.0314% | 1h | 4,307.9 | +0.056% | $255K | — | 111x | as long as short |
| Phemex XAUUSDT | +0.0486% | 4h | 4,311.9 | +0.149% | $2.2M | $956K | 100x | as long as short |
| HTX XAU-USDT | +0.1145% | 4h | 4,316 | +0.243% | $3.2M | $6.2M | 75x | as long as short |
| Bluefin GOLD-PERP | +0.4125% | 1h | 4,306.6 | +0.026% | $25K | $1K | 20x | as long as short |
Ondo Perps XAU-USD.P
Aster XAUUSD1
Coinbase International GOLD-PERP-INTX
Paradex XAU-USD-PERP
Extended XAU-USD
Lighter XAU
Variational Omni XAU
Phoenix GOLD
Pacifica XAU
MEXC XAU_USDT
Lighter RH XAU
Aevo XAU-PERP
Binance XAUUSDT
Kalshi KXGOLDPERP
edgeX XAUUSDC
Bybit XAUUSDT
RISEx XAU/USDC
Gate XAU_USDT
Bitget XAUUSDT
Bullet GOLD-USD
Deribit GOLD_USDC-PERPETUAL
OKX XAU-USDT-SWAP
BloFin XAU-USDT
GMX GOLD/USD [ETH-USDC]
Phemex XAUUSDT
HTX XAU-USDT
Bluefin GOLD-PERP