Funding you earn now, next payment 04:00 UTC−0.0189%/8h= −20.6% APRnext payment −$0.24 per $10,000 · paid last 24h −0.009%
Price spread now: Injective against Kraken Futures+0.077%63s7-day average +0.083% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.104%−$10 on $10k
+Price spread, last 4 days (all we have)+0.125%+$13 · spread now +0.077%, 7d avg +0.083%
=The price spread sits at its 7-day average of +0.083%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate. 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 -0.104% in total (about -5.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.24 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 | Kraken Futures PF_XAUTUSD | 4,346.4 | 0.0222 | pay 0.0028% / 1h | 39m 45s | $5.7M | $4.5M | 50x |
| Short | Injective XAUT/USDC PERP | 4,349.8 | 0.0033 | get 0.0004% / 1h | 39m 45s | $8K | $149K | 30x |
Kraken Futures PF_XAUTUSD
Injective XAUT/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$39.59
- Price spread: +0.077% → +0.083%
- −$0.59
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$50.2
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: live order book, 4 min ago; Injective: no order-book sample. 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 Kraken Futures live order book, 4 min ago | 0.34 bp | 5.3 bp −$5 | 7.6 bp −$76 | 18.5 bp −$1,850 | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
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 | −0.0335% | 1h | 4,344.7 | −0.040% | $56K | $29K | 20x | as long as short |
| MEXC XAUT_USDT | −0.0048% | 4h | 4,344.2 | −0.051% | $355.2M | $273.1M | 1000x | as long as short |
| Bybit XAUTUSDT | −0.0047% | 4h | 4,344.6 | −0.042% | $120.0M | $28.0M | 75x | as long as short |
| Bitget XAUTUSDT | −0.0042% | 4h | 4,343.8 | −0.062% | $26.0M | $15.2M | 75x | as long as short |
| Variational Omni XAUT | −0.0033% | 4h | 4,344.7 | −0.039% | $33.1M | $3.5M | — | as long as short |
| Gate XAUT_USDT | 0.0000% | 8h | 4,345.7 | −0.017% | $130.6M | $8.1M | 100x | as long as short |
| Injective XAUT/USDC PERPshort | +0.0033% | 1h | 4,349.8 | +0.077% | $8K | $149K | 30x | |
| Binance XAUTUSDT | +0.0043% | 4h | 4,344.4 | −0.048% | $35.1M | $45.5M | 75x | as long as short |
| BingX XAUT-USDT | +0.0046% | 4h | 4,344.5 | −0.044% | — | $17.8M | — | as long as short |
| Extended XAUT-USD | +0.0048% | 1h | 4,343 | −0.079% | $272K | $213K | 25x | as long as short |
Aftermath Perps XAUTUSD
MEXC XAUT_USDT
Bybit XAUTUSDT
Bitget XAUTUSDT
Variational Omni XAUT
Gate XAUT_USDT
Binance XAUTUSDT
BingX XAUT-USDT
Extended XAUT-USDShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX XAUT-USD | +0.0050% | 1h | 4,343.9 | −0.058% | $10.1M | $2.0M | 25x | as long as short |
| BloFin XAUT-USDT | +0.0098% | 4h | 4,345.5 | −0.022% | $2.3M | $1.6M | 75x | as long as short |
| Nado XAUT-PERP | +0.0100% | 1h | 4,344.6 | −0.042% | $4.2M | $983K | 10x | as long as short |
| KuCoin XAUTUSDTM | +0.0100% | 4h | 4,346.1 | −0.008% | $11.5M | $2.9M | 75x | as long as short |
| GRVT XAUT_USDT_Perp | +0.0100% | 4h | 4,345 | −0.034% | $982 | $107K | 10x | as long as short |
| Orderly PERP_XAUT_USDC_mythos | +0.0100% | 4h | 4,343.9 | −0.058% | $267 | $17K | 10x | as long as short |
| Derive XAUT-PERP | +0.0100% | 1h | 4,345.2 | −0.029% | $1.8M | $295K | 10x | as long as short |
| SunX XAUT-USDT | +0.0100% | 4h | 4,349.9 | +0.080% | $3K | $3.4M | 20x | as long as short |
| HTX XAUT-USDT | +0.0100% | 4h | 4,341.2 | −0.121% | $1.8M | $229K | 75x | as long as short |
| Kraken Futures PF_XAUTUSDlong | +0.0222% | 1h | 4,346.4 | long leg | $5.7M | $4.5M | 50x |
SoDEX XAUT-USD
BloFin XAUT-USDT
Nado XAUT-PERP
KuCoin XAUTUSDTM
GRVT XAUT_USDT_Perp
Orderly PERP_XAUT_USDC_mythos
Derive XAUT-PERP
SunX XAUT-USDT
HTX XAUT-USDT