Funding you earn now, next payment 07:00 UTC+0.0197%/8h= +21.6% APRnext payment +$0.25 per $10,000 · paid last 24h +0.012%
Price spread now: Kraken Futures against Injective−0.672%63s7-day average −0.090% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.105%+$10 on $10k
+Price spread, last 4 days (all we have)+0.473%+$47 · spread now −0.672%, 7d avg −0.090%
=Funding pays, the price is against you. Kraken Futures is 0.581% cheaper against Injective than usual: you would sell low and buy high (spread −0.672% now, against its 7-day average of −0.090%). If the spread goes back, that is −$58 on $10k: about 9.8 days of funding at the current rate (+$6 a day). At the pace of the last 7 days (+0.105% in total) that is about 39 days. The two prices were read 63 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 0.105% in total (about 5.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.25 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 | Injective XAUT/USDC PERP | 4,349.8 | 0.0033 | pay 0.0004% / 1h | 22m 21s | $8K | $149K | 30x |
| Short | Kraken Futures PF_XAUTUSD | 4,320.6 | 0.0230 | get 0.0029% / 1h | 22m 21s | $5.7M | $4.9M | 50x |
Injective XAUT/USDC PERP
Kraken Futures PF_XAUTUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Injective. 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
- $41.35
- Price spread: −0.672% → −0.090%
- −$58.12
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$26.8
- Costs to cover
- 0.100%
- Break-even
- 11.5 days
Slippage unknown: Injective: no order-book sample; Kraken Futures: live order book, 2 min ago. Net counts fees only.
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 Injective no order-book sample | — | — | — | — | — |
| Sell Kraken Futures live order book, 2 min ago | 0.81 bp | 6.9 bp −$7 | 8.7 bp −$87 | 15.5 bp −$1,550 | doesn't fit |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0234% | 1h | 4,319.6 | −0.695% | $55K | $11K | 20x | as long as short |
| Bitget XAUTUSDT | −0.0030% | 4h | 4,318.6 | −0.718% | $25.5M | $17.0M | 75x | as long as short |
| Gate XAUT_USDT | 0.0000% | 8h | 4,320.7 | −0.669% | $130.4M | $8.7M | 100x | as long as short |
| Variational Omni XAUT | +0.0024% | 4h | 4,318.6 | −0.717% | $32.9M | $3.3M | — | as long as short |
| MEXC XAUT_USDT | +0.0030% | 4h | 4,319.2 | −0.703% | $361.5M | $281.1M | 1000x | as long as short |
| Injective XAUT/USDC PERPlong | +0.0033% | 1h | 4,349.8 | long leg | $8K | $149K | 30x | |
| Bybit XAUTUSDT | +0.0036% | 4h | 4,318.9 | −0.710% | $119.2M | $30.9M | 75x | as long as short |
| SoDEX XAUT-USD | +0.0050% | 1h | 4,317.8 | −0.736% | $10.1M | $2.1M | 25x | as long as short |
| Nado XAUT-PERP | +0.0100% | 1h | 4,319.6 | −0.695% | $4.2M | $938K | 10x | as long as short |
| Binance XAUTUSDT | +0.0100% | 4h | 4,319.1 | −0.706% | $35.4M | $47.5M | 75x | as long as short |
Aftermath Perps XAUTUSD
Bitget XAUTUSDT
Gate XAUT_USDT
Variational Omni XAUT
MEXC XAUT_USDT
Bybit XAUTUSDT
SoDEX XAUT-USD
Nado XAUT-PERP
Binance XAUTUSDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin XAUTUSDTM | +0.0100% | 4h | 4,321 | −0.662% | $11.6M | $3.1M | 75x | as long as short |
| BingX XAUT-USDT | +0.0100% | 4h | 4,319.3 | −0.701% | — | $18.9M | — | as long as short |
| GRVT XAUT_USDT_Perp | +0.0100% | 4h | 4,319.4 | −0.698% | $834 | $111K | 10x | as long as short |
| Orderly PERP_XAUT_USDC_mythos | +0.0100% | 4h | 4,319.1 | −0.706% | $265 | $17K | 10x | as long as short |
| Derive XAUT-PERP | +0.0100% | 1h | 4,320 | −0.686% | $1.8M | $367K | 10x | as long as short |
| SunX XAUT-USDT | +0.0100% | 4h | 4,323.8 | −0.599% | $3K | $3.2M | 20x | as long as short |
| HTX XAUT-USDT | +0.0100% | 4h | 4,317.3 | −0.747% | $1.8M | $251K | 75x | as long as short |
| Extended XAUT-USD | +0.0104% | 1h | 4,318 | −0.732% | $267K | $214K | 25x | as long as short |
| BloFin XAUT-USDT | +0.0128% | 4h | 4,319.1 | −0.706% | $2.3M | $1.6M | 75x | as long as short |
| Kraken Futures PF_XAUTUSDshort | +0.0230% | 1h | 4,320.6 | −0.672% | $5.7M | $4.9M | 50x |
KuCoin XAUTUSDTM
BingX XAUT-USDT
GRVT XAUT_USDT_Perp
Orderly PERP_XAUT_USDC_mythos
Derive XAUT-PERP
SunX XAUT-USDT
HTX XAUT-USDT
Extended XAUT-USD
BloFin XAUT-USDT