Funding you earn now, next payment 05:00 UTC+0.0202%/8h= +22.1% APRpaid last 24h +0.056%
Price spread now: BloFin against Kraken Futures−0.046%57s7-day average −0.025% · you buy dearer than you sell
Net, funding: paid 7d − costs+$17as 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−$240.243% of the position
Funding, last 7 days+0.416%+$42 on $10k
+Price spread, last 4 days (all we have)+0.047%+$5 · spread now −0.046%, 7d avg −0.025%
=Funding pays, the price is against you. BloFin is 0.021% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.046% now, against its 7-day average of −0.025%). If the spread goes back, that is −$2 on $10k: about 8 hours of funding at the current rate (+$6 a day). The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_XAUTUSD | 4,342.5 | 0.0138 | pay 0.0017% / 1h | 16m 15s | $5.7M | $4.4M | 50x |
| Short | BloFin XAUT-USDT | 4,340.5 | 0.0340 | get 0.0170% / 4h | 3h 16m | $2.3M | $1.6M | 75x |
Kraken Futures PF_XAUTUSD
BloFin XAUT-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $42.45
- Price spread: −0.046% → −0.025%
- −$2.11
- Slippage, 4 orders
- −$2.32
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $16.01
- Costs to cover
- 0.243%
- Break-even
- 4.4 days
Slippage from Kraken Futures: live order book, 3 min ago; BloFin: live order book, 7 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, 3 min ago | 0.34 bp | 6.3 bp −$6 | 8.2 bp −$82 | 17.7 bp −$1,770 | doesn't fit |
| Sell BloFin live order book, 7 min ago | 0.23 bp | 6.2 bp −$6 | 7.9 bp −$79 | 13.1 bp −$1,313 | 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 | −0.0332% | 1h | 4,340.5 | −0.046% | $56K | $29K | 20x | as long as short |
| Bitget XAUTUSDT | −0.0040% | 4h | 4,340.5 | −0.046% | $25.9M | $15.5M | 75x | as long as short |
| Gate XAUT_USDT | 0.0000% | 8h | 4,342.3 | −0.005% | $130.5M | $8.2M | 100x | as long as short |
| Injective XAUT/USDC PERP | +0.0033% | 1h | 4,349.8 | +0.168% | $8K | $149K | 30x | as long as short |
| Variational Omni XAUT | +0.0041% | 4h | 4,340.5 | −0.046% | $33.1M | $3.5M | — | as long as short |
| SoDEX XAUT-USD | +0.0050% | 1h | 4,340.3 | −0.051% | $10.1M | $2.0M | 25x | as long as short |
| Binance XAUTUSDT | +0.0069% | 4h | 4,341.4 | −0.026% | $35.2M | $45.3M | 75x | as long as short |
| Extended XAUT-USD | +0.0072% | 1h | 4,340.2 | −0.053% | $272K | $215K | 25x | as long as short |
| Nado XAUT-PERP | +0.0100% | 1h | 4,341 | −0.036% | $4.2M | $909K | 10x | as long as short |
| Bybit XAUTUSDT | +0.0100% | 4h | 4,341.2 | −0.030% | $120.4M | $27.9M | 75x | as long as short |
Aftermath Perps XAUTUSD
Bitget XAUTUSDT
Gate XAUT_USDT
Injective XAUT/USDC PERP
Variational Omni XAUT
SoDEX XAUT-USD
Binance XAUTUSDT
Extended XAUT-USD
Nado XAUT-PERP
Bybit XAUTUSDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC XAUT_USDT | +0.0100% | 4h | 4,341.2 | −0.030% | $392.4M | $271.7M | 1000x | as long as short |
| KuCoin XAUTUSDTM | +0.0100% | 4h | 4,342.7 | +0.004% | $11.5M | $2.9M | 75x | as long as short |
| BingX XAUT-USDT | +0.0100% | 4h | 4,341.2 | −0.031% | — | $17.7M | — | as long as short |
| GRVT XAUT_USDT_Perp | +0.0100% | 4h | 4,341 | −0.035% | $300 | $106K | 10x | as long as short |
| Orderly PERP_XAUT_USDC_mythos | +0.0100% | 4h | 4,340.7 | −0.041% | $267 | $17K | 10x | as long as short |
| Derive XAUT-PERP | +0.0100% | 1h | 4,341.4 | −0.025% | $1.8M | $304K | 10x | as long as short |
| SunX XAUT-USDT | +0.0100% | 4h | 4,347.1 | +0.107% | $2K | $3.3M | 20x | as long as short |
| HTX XAUT-USDT | +0.0100% | 4h | 4,335.9 | −0.153% | $1.8M | $236K | 75x | as long as short |
| Kraken Futures PF_XAUTUSDlong | +0.0138% | 1h | 4,342.5 | long leg | $5.7M | $4.4M | 50x | |
| BloFin XAUT-USDTshort | +0.0340% | 4h | 4,340.5 | −0.046% | $2.3M | $1.6M | 75x |
MEXC XAUT_USDT
KuCoin XAUTUSDTM
BingX XAUT-USDT
GRVT XAUT_USDT_Perp
Orderly PERP_XAUT_USDC_mythos
Derive XAUT-PERP
SunX XAUT-USDT
HTX XAUT-USDT