Funding you earn now, next payment 06:00 UTC+0.0068%/8h= +7.4% APRpaid last 24h −0.003%
Price spread now: Kraken Futures against Binance+0.024%7-day average +0.023% · you sell dearer than you buy
Net, funding: paid 7d − costs−$22as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$250.246% of the position
Funding, last 7 days+0.028%+$3 on $10k
+Price spread, last 4 days (all we have)+0.036%+$4 · spread now +0.024%, 7d avg +0.023%
=The price spread sits at its 7-day average of +0.023%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance XAUTUSDT | 4,332.8 | 0.0100 | pay 0.0050% / 4h | 2h 06m | $35.3M | $46.8M | 75x |
| Short | Kraken Futures PF_XAUTUSD | 4,333.8 | 0.0168 | get 0.0021% / 1h | 6m 17s | $5.7M | $4.8M | 50x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Binance. 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
- $14.19
- Price spread: +0.024% → +0.023%
- $0.08
- Slippage, 4 orders
- −$4.65
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$10.38
- Costs to cover
- 0.246%
- Break-even
- 12.1 days
Slippage from Binance: live order book, 6 min ago; Kraken Futures: 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 Binance live order book, 6 min ago | 0.01 bp | 6.2 bp −$6 | 8.1 bp −$81 | 19.5 bp −$1,949 | doesn't fit |
| Sell Kraken Futures live order book, 3 min ago | 0.92 bp | 6.4 bp −$6 | 7.7 bp −$77 | 15.5 bp −$1,549 | 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 | 4,330.4 | −0.056% | $56K | $29K | 20x | as long as short |
| Bitget XAUTUSDT | −0.0034% | 4h | 4,331.6 | −0.027% | $25.5M | $16.7M | 75x | as long as short |
| Bybit XAUTUSDT | −0.0003% | 4h | 4,332 | −0.018% | $118.5M | $29.9M | 75x | as long as short |
| Gate XAUT_USDT | 0.0000% | 8h | 4,334.6 | +0.042% | $130.3M | $8.6M | 100x | as long as short |
| MEXC XAUT_USDT | 0.0000% | 4h | 4,332.2 | −0.014% | $358.1M | $286.5M | 1000x | as long as short |
| Variational Omni XAUT | +0.0020% | 4h | 4,327.1 | −0.132% | $33.0M | $3.4M | — | as long as short |
| Injective XAUT/USDC PERP | +0.0033% | 1h | 4,349.8 | +0.392% | $8K | $149K | 30x | as long as short |
| BloFin XAUT-USDT | +0.0048% | 4h | 4,331.2 | −0.037% | $2.3M | $1.6M | 75x | as long as short |
| SoDEX XAUT-USD | +0.0050% | 1h | 4,331.5 | −0.030% | $10.1M | $2.0M | 25x | as long as short |
| Nado XAUT-PERP | +0.0100% | 1h | 4,332.3 | −0.011% | $4.2M | $915K | 10x | as long as short |
Show all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance XAUTUSDTlong | +0.0100% | 4h | 4,332.8 | long leg | $35.3M | $46.8M | 75x | |
| KuCoin XAUTUSDTM | +0.0100% | 4h | 4,334.1 | +0.029% | $11.7M | $3.0M | 75x | as long as short |
| BingX XAUT-USDT | +0.0100% | 4h | 4,332.7 | −0.002% | — | $18.9M | — | as long as short |
| GRVT XAUT_USDT_Perp | +0.0100% | 4h | 4,330.1 | −0.062% | $407 | $111K | 10x | as long as short |
| Orderly PERP_XAUT_USDC_mythos | +0.0100% | 4h | 4,333.5 | +0.016% | $266 | $17K | 10x | as long as short |
| Derive XAUT-PERP | +0.0100% | 1h | 4,332.7 | −0.002% | $1.8M | $363K | 10x | as long as short |
| SunX XAUT-USDT | +0.0100% | 4h | 4,338.2 | +0.124% | $2K | $3.2M | 20x | as long as short |
| HTX XAUT-USDT | +0.0100% | 4h | 4,330.5 | −0.053% | $1.8M | $246K | 75x | as long as short |
| Extended XAUT-USD | +0.0104% | 1h | 4,331.4 | −0.032% | $267K | $214K | 25x | as long as short |
| Kraken Futures PF_XAUTUSDshort | +0.0168% | 1h | 4,333.8 | +0.024% | $5.7M | $4.8M | 50x |
Binance XAUTUSDT
Kraken Futures PF_XAUTUSD
Aftermath Perps XAUTUSD
Bitget XAUTUSDT
Bybit XAUTUSDT
Gate XAUT_USDT
MEXC XAUT_USDT
Variational Omni XAUT
Injective XAUT/USDC PERP
BloFin XAUT-USDT
SoDEX XAUT-USD
KuCoin XAUTUSDTM
BingX XAUT-USDT
GRVT XAUT_USDT_Perp
Derive XAUT-PERP
SunX XAUT-USDT
HTX XAUT-USDT
Extended XAUT-USD