Funding you earn now, next payment 01:00 UTC+0.0014%/8h= +1.6% APRnext payment +$0.02 per $10,000 · paid last 24h −0.023%
Price spread now: Kraken Futures against Extended+0.089%7-day average +0.052% · you sell dearer than you buy
Net, funding: paid 7d − costs−$16as in the Funding arb table
Net, price: spread back to 7d avg − costs−$15as in the Price arb table
costs, in and out, $10k−$180.185% of the position
Funding, last 7 days+0.021%+$2 on $10k
+Price spread, last 3 days (all we have)−0.013%−$1 · spread now +0.089%, 7d avg +0.052%
=Together, before fees+0.008%+ Points / potential airdropExtended: Active · farm board+$1 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Kraken Futures is 0.037% dearer against Extended than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.052%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended XAUT-USD | 4,355.4 | 0.0104 | pay 0.0013% / 1h | 0m 54s | $272K | $231K | 25x |
| Short | Kraken Futures PF_XAUTUSD | 4,359.3 | 0.0118 | get 0.0015% / 1h | 0m 54s | $5.3M | $4.0M | 50x |
Extended XAUT-USD
Kraken Futures PF_XAUTUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Extended. 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
- $2.98
- Price spread: +0.089% → +0.052%
- $3.68
- Slippage, 4 orders
- −$3.45
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$11.79
- Costs to cover
- 0.185%
- Break-even
- 34.7 days
Slippage from Extended: 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 Extended live order book, 6 min ago | 0.12 bp | 2.8 bp −$3 | 6.6 bp −$66 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 3 min ago | 0.57 bp | 6.0 bp −$6 | 7.2 bp −$72 | 15.3 bp −$1,530 | 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 | −0.0274% | 1h | 4,357.5 | +0.049% | $56K | $30K | 20x | as long as short |
| Bitget XAUTUSDT | −0.0048% | 4h | 4,355.6 | +0.005% | $26.0M | $15.3M | 75x | as long as short |
| Gate XAUT_USDT | 0.0000% | 8h | 4,358.3 | +0.067% | $131.0M | $8.2M | 100x | as long as short |
| Injective XAUT/USDC PERP | +0.0033% | 1h | 4,349.8 | −0.129% | $8K | $149K | 30x | as long as short |
| SoDEX XAUT-USD | +0.0050% | 1h | 4,357.8 | +0.055% | $10.2M | $2.0M | 25x | as long as short |
| Variational Omni XAUT | +0.0099% | 4h | 4,355.4 | 0.000% | $33.1M | $3.5M | — | as long as short |
| Nado XAUT-PERP | +0.0100% | 1h | 4,356.2 | +0.018% | $4.2M | $981K | 10x | as long as short |
| Binance XAUTUSDT | +0.0100% | 4h | 4,356.3 | +0.020% | $35.4M | $46.7M | 75x | as long as short |
| Bybit XAUTUSDT | +0.0100% | 4h | 4,355.8 | +0.009% | $120.8M | $27.8M | 75x | as long as short |
| MEXC XAUT_USDT | +0.0100% | 4h | 4,356.4 | +0.023% | $335.7M | $285.0M | 1000x | as long as short |
Aftermath Perps XAUTUSD
Bitget XAUTUSDT
Gate XAUT_USDT
Injective XAUT/USDC PERP
SoDEX XAUT-USD
Variational Omni XAUT
Nado XAUT-PERP
Binance XAUTUSDT
Bybit XAUTUSDT
MEXC XAUT_USDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin XAUTUSDTM | +0.0100% | 4h | 4,358.9 | +0.080% | $11.4M | $2.9M | 75x | as long as short |
| BingX XAUT-USDT | +0.0100% | 4h | 4,356.7 | +0.029% | — | $17.9M | — | as long as short |
| GRVT XAUT_USDT_Perp | +0.0100% | 4h | 4,356.9 | +0.034% | $810 | $114K | 10x | as long as short |
| Orderly PERP_XAUT_USDC_mythos | +0.0100% | 4h | 4,357.4 | +0.046% | $268 | $17K | 10x | as long as short |
| Derive XAUT-PERP | +0.0100% | 1h | 4,358.5 | +0.070% | $1.9M | $221K | 10x | as long as short |
| SunX XAUT-USDT | +0.0100% | 4h | 4,362.8 | +0.169% | $2K | $3.6M | 20x | as long as short |
| HTX XAUT-USDT | +0.0100% | 4h | 4,354.3 | −0.025% | $1.8M | $231K | 75x | as long as short |
| Extended XAUT-USDlong | +0.0104% | 1h | 4,355.4 | long leg | $272K | $231K | 25x | |
| Kraken Futures PF_XAUTUSDshort | +0.0118% | 1h | 4,359.3 | +0.089% | $5.3M | $4.0M | 50x | |
| BloFin XAUT-USDT | +0.0340% | 4h | 4,355.8 | +0.009% | $2.3M | $1.6M | 75x | as long as short |
KuCoin XAUTUSDTM
BingX XAUT-USDT
GRVT XAUT_USDT_Perp
Orderly PERP_XAUT_USDC_mythos
Derive XAUT-PERP
SunX XAUT-USDT
HTX XAUT-USDT
BloFin XAUT-USDT