Funding you earn now, next payment 01:00 UTC+0.0018%/8h= +2.0% APRpaid last 24h −0.022%
Price spread now: Kraken Futures against BingX+0.038%7-day average +0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$240.244% of the position
Funding, last 7 days−0.033%−$3 on $10k
+Price spread, last 3 days (all we have)+0.002%$0 · spread now +0.038%, 7d avg +0.020%
=The price spread sits at its 7-day average of +0.020%, 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 | BingX XAUT-USDT | 4,357.3 | 0.0100 | pay 0.0050% / 4h | 3h 04m | — | $17.9M | — |
| Short | Kraken Futures PF_XAUTUSD | 4,358.9 | 0.0118 | get 0.0015% / 1h | 4m 46s | $5.3M | $4.0M | 50x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against BingX. 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
- $3.82
- Price spread: +0.038% → +0.020%
- $1.77
- Slippage, 4 orders
- −$4.36
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$18.78
- Costs to cover
- 0.244%
- Break-even
- 41.4 days
Slippage from BingX: live order book, 3 min ago; Kraken Futures: 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 BingX live order book, 3 min ago | 0.08 bp | 5.3 bp −$5 | 6.2 bp −$62 | 9.8 bp −$976 | 39.8 bp −$19.9K |
| Sell Kraken Futures live order book, 4 min ago | 1.26 bp | 6.7 bp −$7 | 7.8 bp −$78 | 16.4 bp −$1,644 | 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 | −0.0264% | 1h | 4,356.4 | −0.021% | $56K | $30K | 20x | as long as short |
| Bitget XAUTUSDT | −0.0050% | 4h | 4,356.3 | −0.022% | $25.9M | $15.2M | 75x | as long as short |
| Gate XAUT_USDT | 0.0000% | 8h | 4,358.6 | +0.030% | $131.2M | $8.2M | 100x | as long as short |
| Injective XAUT/USDC PERP | +0.0033% | 1h | 4,349.8 | −0.172% | $8K | $149K | 30x | as long as short |
| SoDEX XAUT-USD | +0.0050% | 1h | 4,358.5 | +0.028% | $10.2M | $2.0M | 25x | as long as short |
| Nado XAUT-PERP | +0.0100% | 1h | 4,357.1 | −0.006% | $4.2M | $982K | 10x | as long as short |
| Binance XAUTUSDT | +0.0100% | 4h | 4,357.1 | −0.004% | $35.5M | $46.7M | 75x | as long as short |
| Bybit XAUTUSDT | +0.0100% | 4h | 4,356.6 | −0.015% | $120.9M | $27.7M | 75x | as long as short |
| MEXC XAUT_USDT | +0.0100% | 4h | 4,356.7 | −0.014% | $336.0M | $284.8M | 1000x | as long as short |
| KuCoin XAUTUSDTM | +0.0100% | 4h | 4,359.3 | +0.046% | $11.4M | $2.9M | 75x | as long as short |
Show all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX XAUT-USDTlong | +0.0100% | 4h | 4,357.3 | long leg | — | $17.9M | — | |
| Variational Omni XAUT | +0.0100% | 4h | 4,356 | −0.029% | $33.1M | $3.5M | — | as long as short |
| GRVT XAUT_USDT_Perp | +0.0100% | 4h | 4,356 | −0.030% | $366 | $114K | 10x | as long as short |
| Orderly PERP_XAUT_USDC_mythos | +0.0100% | 4h | 4,357.1 | −0.004% | $268 | $17K | 10x | as long as short |
| Derive XAUT-PERP | +0.0100% | 1h | 4,358.3 | +0.022% | $1.9M | $221K | 10x | as long as short |
| SunX XAUT-USDT | +0.0100% | 4h | 4,363.2 | +0.136% | $2K | $3.6M | 20x | as long as short |
| HTX XAUT-USDT | +0.0100% | 4h | 4,354.3 | −0.069% | $1.8M | $231K | 75x | as long as short |
| Extended XAUT-USD | +0.0104% | 1h | 4,355.6 | −0.038% | $272K | $231K | 25x | as long as short |
| Kraken Futures PF_XAUTUSDshort | +0.0118% | 1h | 4,358.9 | +0.038% | $5.3M | $4.0M | 50x | |
| BloFin XAUT-USDT | +0.0340% | 4h | 4,356.2 | −0.025% | $2.3M | $1.6M | 75x | as long as short |
BingX XAUT-USDT
Kraken Futures PF_XAUTUSD
Aftermath Perps XAUTUSD
Bitget XAUTUSDT
Gate XAUT_USDT
Injective XAUT/USDC PERP
SoDEX XAUT-USD
Binance XAUTUSDT
Bybit XAUTUSDT
MEXC XAUT_USDT
KuCoin XAUTUSDTM
Variational Omni XAUT
GRVT XAUT_USDT_Perp
Derive XAUT-PERP
SunX XAUT-USDT
HTX XAUT-USDT
Extended XAUT-USD
BloFin XAUT-USDT