Funding you earn now, next payment 01:00 UTC−0.0018%/8h= −2.0% APRpaid last 24h +0.028%
Price spread now: SunX against Kraken Futures+0.109%7-day average +0.077% · you sell dearer than you buy
Net, funding: paid 7d − costs−$69as in the Funding arb table
Net, price: spread back to 7d avg − costs−$73as in the Price arb table
costs, in and out, $10k−$760.761% of the position
Funding, last 7 days+0.070%+$7 on $10k
+Price spread, last 3 days (all we have)−0.047%−$5 · spread now +0.109%, 7d avg +0.077%
=The price spread pays, funding is against you. SunX is 0.031% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.109% now, against its 7-day average of +0.077%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 5.7 days. Mind the row above: over the last 7 days funding on this pair paid +0.070%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_XAUTUSD | 4,356.7 | 0.0118 | pay 0.0015% / 1h | 24m 03s | $5.3M | $4.0M | 50x |
| Short | SunX XAUT-USDT | 4,361.4 | 0.0100 | get 0.0050% / 4h | 3h 24m | $3K | $3.7M | 20x |
Kraken Futures PF_XAUTUSD
SunX XAUT-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- −$3.83
- Price spread: +0.109% → +0.077%
- $3.14
- Slippage, 4 orders
- −$58.12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$76.81
- Costs to cover
- 0.761%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 5 min ago; SunX: live order book, 4 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, 5 min ago | 0.57 bp | 6.2 bp −$6 | 7.6 bp −$76 | 17.6 bp −$1,762 | doesn't fit |
| Sell SunX live order book, 4 min ago | 21.50 bp | 38.4 bp −$38 | 68.0 bp −$680 | 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 | −0.0213% | 1h | 4,357.6 | +0.020% | $56K | $31K | 20x | as long as short |
| Bitget XAUTUSDT | −0.0054% | 4h | 4,352.2 | −0.103% | $25.9M | $15.2M | 75x | as long as short |
| Gate XAUT_USDT | 0.0000% | 8h | 4,354.8 | −0.043% | $131.2M | $8.1M | 100x | as long as short |
| Injective XAUT/USDC PERP | +0.0033% | 1h | 4,349.8 | −0.158% | $8K | $149K | 30x | as long as short |
| SoDEX XAUT-USD | +0.0050% | 1h | 4,356.4 | −0.006% | $10.2M | $2.0M | 25x | as long as short |
| Variational Omni XAUT | +0.0100% | 4h | 4,354.6 | −0.047% | $33.2M | $3.5M | — | as long as short |
| Nado XAUT-PERP | +0.0100% | 1h | 4,355.3 | −0.032% | $4.2M | $1.0M | 10x | as long as short |
| Binance XAUTUSDT | +0.0100% | 4h | 4,353.3 | −0.077% | $35.4M | $46.7M | 75x | as long as short |
| Bybit XAUTUSDT | +0.0100% | 4h | 4,353.5 | −0.073% | $120.9M | $27.8M | 75x | as long as short |
| MEXC XAUT_USDT | +0.0100% | 4h | 4,353.8 | −0.066% | $338.0M | $281.3M | 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 | 4,356.6 | −0.002% | $11.4M | $2.9M | 75x | as long as short |
| BingX XAUT-USDT | +0.0100% | 4h | 4,353.7 | −0.069% | — | $17.9M | — | as long as short |
| GRVT XAUT_USDT_Perp | +0.0100% | 4h | 4,356.5 | −0.003% | $466 | $113K | 10x | as long as short |
| Orderly PERP_XAUT_USDC_mythos | +0.0100% | 4h | 4,355.7 | −0.022% | $268 | $17K | 10x | as long as short |
| Derive XAUT-PERP | +0.0100% | 1h | 4,356.9 | +0.005% | $1.9M | $220K | 10x | as long as short |
| SunX XAUT-USDTshort | +0.0100% | 4h | 4,361.4 | +0.109% | $3K | $3.7M | 20x | |
| HTX XAUT-USDT | +0.0100% | 4h | 4,354.2 | −0.057% | $1.8M | $231K | 75x | as long as short |
| Extended XAUT-USD | +0.0104% | 1h | 4,352.2 | −0.104% | $274K | $231K | 25x | as long as short |
| Kraken Futures PF_XAUTUSDlong | +0.0118% | 1h | 4,356.7 | long leg | $5.3M | $4.0M | 50x | |
| BloFin XAUT-USDT | +0.0340% | 4h | 4,355.7 | −0.022% | $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
HTX XAUT-USDT
Extended XAUT-USD
BloFin XAUT-USDT