Funding you earn now, next payment 05:00 UTC−0.0038%/8h= −4.2% APRpaid last 24h +0.015%
Price spread now: KuCoin against Kraken Futures−0.028%7-day average +0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$270.272% of the position
Funding, last 7 days+0.033%+$3 on $10k
+Price spread, last 4 days (all we have)0.000%$0 · spread now −0.028%, 7d avg +0.005%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and KuCoin is 0.034% cheaper against Kraken Futures than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.005%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_XAUTUSD | 4,340.1 | 0.0138 | pay 0.0017% / 1h | 41m 33s | $5.7M | $4.4M | 50x |
| Short | KuCoin XAUTUSDTM | 4,338.9 | 0.0100 | get 0.0050% / 4h | 3h 41m | $11.5M | $2.9M | 75x |
Kraken Futures PF_XAUTUSD
KuCoin XAUTUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$7.97
- Price spread: −0.028% → +0.005%
- −$3.37
- Slippage, 4 orders
- −$5.17
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$38.51
- Costs to cover
- 0.272%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 2 min ago; KuCoin: live order book, 2 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, 2 min ago | 0.92 bp | 6.1 bp −$6 | 8.3 bp −$83 | 17.2 bp −$1,716 | doesn't fit |
| Sell KuCoin live order book, 2 min ago | 0.01 bp | 6.5 bp −$7 | 10.6 bp −$106 | doesn't fit | 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 | −0.0355% | 1h | 4,338.4 | −0.040% | $56K | $29K | 20x | as long as short |
| Bitget XAUTUSDT | −0.0044% | 4h | 4,336.7 | −0.078% | $25.8M | $15.4M | 75x | as long as short |
| Gate XAUT_USDT | 0.0000% | 8h | 4,338.8 | −0.030% | $130.2M | $8.1M | 100x | as long as short |
| Variational Omni XAUT | +0.0008% | 4h | 4,338.9 | −0.028% | $33.0M | $3.5M | — | as long as short |
| Injective XAUT/USDC PERP | +0.0033% | 1h | 4,349.8 | +0.223% | $8K | $149K | 30x | as long as short |
| SoDEX XAUT-USD | +0.0050% | 1h | 4,337.2 | −0.067% | $10.1M | $2.0M | 25x | as long as short |
| Binance XAUTUSDT | +0.0053% | 4h | 4,337 | −0.073% | $35.1M | $45.2M | 75x | as long as short |
| Extended XAUT-USD | +0.0056% | 1h | 4,335.3 | −0.110% | $272K | $215K | 25x | as long as short |
| Nado XAUT-PERP | +0.0100% | 1h | 4,338.5 | −0.038% | $4.2M | $911K | 10x | as long as short |
| Bybit XAUTUSDT | +0.0100% | 4h | 4,337.3 | −0.066% | $120.1M | $27.9M | 75x | as long as short |
Aftermath Perps XAUTUSD
Bitget XAUTUSDT
Gate XAUT_USDT
Variational Omni XAUT
Injective XAUT/USDC PERP
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 | 4,338.3 | −0.042% | $389.9M | $270.6M | 1000x | as long as short |
| KuCoin XAUTUSDTMshort | +0.0100% | 4h | 4,338.9 | −0.028% | $11.5M | $2.9M | 75x | |
| BingX XAUT-USDT | +0.0100% | 4h | 4,337.9 | −0.052% | — | $17.7M | — | as long as short |
| GRVT XAUT_USDT_Perp | +0.0100% | 4h | 4,339 | −0.026% | $807 | $106K | 10x | as long as short |
| Orderly PERP_XAUT_USDC_mythos | +0.0100% | 4h | 4,338.2 | −0.044% | $266 | $17K | 10x | as long as short |
| Derive XAUT-PERP | +0.0100% | 1h | 4,338.8 | −0.031% | $1.8M | $299K | 10x | as long as short |
| SunX XAUT-USDT | +0.0100% | 4h | 4,345.1 | +0.114% | $2K | $3.3M | 20x | as long as short |
| HTX XAUT-USDT | +0.0100% | 4h | 4,337.6 | −0.059% | $1.8M | $227K | 75x | as long as short |
| Kraken Futures PF_XAUTUSDlong | +0.0138% | 1h | 4,340.1 | long leg | $5.7M | $4.4M | 50x | |
| BloFin XAUT-USDT | +0.0340% | 4h | 4,339.1 | −0.024% | $2.3M | $1.6M | 75x | as long as short |
MEXC XAUT_USDT
BingX XAUT-USDT
GRVT XAUT_USDT_Perp
Orderly PERP_XAUT_USDC_mythos
Derive XAUT-PERP
SunX XAUT-USDT
HTX XAUT-USDT
BloFin XAUT-USDT