Funding you earn now, next payment 03:00 UTC+0.0088%/8h= +9.6% APRpaid last 24h −0.020%
Price spread now: Kraken Futures against KuCoin+0.034%7-day average −0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs−$29as in the Funding arb table
Net, price: spread back to 7d avg − costs−$22as in the Price arb table
costs, in and out, $10k−$260.263% of the position
Funding, last 7 days−0.028%−$3 on $10k
+Price spread, last 3 days (all we have)−0.017%−$2 · spread now +0.034%, 7d avg −0.006%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Kraken Futures is 0.040% dearer against KuCoin than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.006%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin XAUTUSDTM | 4,344.8 | 0.0100 | pay 0.0050% / 4h | 1h 47m | $11.3M | $2.9M | 75x |
| Short | Kraken Futures PF_XAUTUSD | 4,346.3 | 0.0188 | get 0.0023% / 1h | 47m 55s | $5.7M | $4.5M | 50x |
KuCoin XAUTUSDTM
Kraken Futures PF_XAUTUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against KuCoin. 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
- $18.38
- Price spread: +0.034% → −0.006%
- $3.99
- Slippage, 4 orders
- −$4.29
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$3.92
- Costs to cover
- 0.263%
- Break-even
- 8.5 days
Slippage from KuCoin: live order book, 6 min ago; Kraken Futures: live order book, 1 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 KuCoin live order book, 6 min ago | 0.01 bp | 7.9 bp −$8 | 15.4 bp −$154 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 1 min ago | 0.23 bp | 5.7 bp −$6 | 7.2 bp −$72 | 16.2 bp −$1,619 | doesn't fit |
XAUT on 19 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 | −0.0283% | 1h | 4,346.1 | +0.029% | $56K | $30K | 20x | as long as short |
| Bitget XAUTUSDT | −0.0042% | 4h | 4,343.7 | −0.025% | $25.9M | $15.3M | 75x | as long as short |
| Gate XAUT_USDT | 0.0000% | 8h | 4,345.8 | +0.023% | $130.1M | $8.1M | 100x | as long as short |
| Injective XAUT/USDC PERP | +0.0033% | 1h | 4,349.8 | +0.115% | $8K | $149K | 30x | as long as short |
| MEXC XAUT_USDT | +0.0040% | 4h | 4,343.6 | −0.028% | $349.1M | $277.4M | 1000x | as long as short |
| Bybit XAUTUSDT | +0.0041% | 4h | 4,343.4 | −0.032% | $120.3M | $27.6M | 75x | as long as short |
| SoDEX XAUT-USD | +0.0050% | 1h | 4,343.9 | −0.021% | $10.1M | $2.0M | 25x | as long as short |
| Variational Omni XAUT | +0.0061% | 4h | 4,343.6 | −0.028% | $33.0M | $3.5M | — | as long as short |
| Extended XAUT-USD | +0.0080% | 1h | 4,342.9 | −0.043% | $272K | $213K | 25x | as long as short |
| Binance XAUTUSDT | +0.0084% | 4h | 4,344 | −0.018% | $35.1M | $46.7M | 75x | as long as short |
Aftermath Perps XAUTUSD
Bitget XAUTUSDT
Gate XAUT_USDT
Injective XAUT/USDC PERP
MEXC XAUT_USDT
Bybit XAUTUSDT
SoDEX XAUT-USD
Variational Omni XAUT
Extended XAUT-USD
Binance XAUTUSDTShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX XAUT-USDT | +0.0092% | 4h | 4,344.3 | −0.013% | — | $17.8M | — | as long as short |
| Nado XAUT-PERP | +0.0100% | 1h | 4,343 | −0.041% | $4.2M | $1.0M | 10x | as long as short |
| KuCoin XAUTUSDTMlong | +0.0100% | 4h | 4,344.8 | long leg | $11.3M | $2.9M | 75x | |
| GRVT XAUT_USDT_Perp | +0.0100% | 4h | 4,345 | +0.005% | $295 | $109K | 10x | as long as short |
| Orderly PERP_XAUT_USDC_mythos | +0.0100% | 4h | 4,343.1 | −0.039% | $267 | $17K | 10x | as long as short |
| Derive XAUT-PERP | +0.0100% | 1h | 4,345 | +0.005% | $1.9M | $271K | 10x | as long as short |
| SunX XAUT-USDT | +0.0100% | 4h | 4,348.6 | +0.086% | $2K | $3.5M | 20x | as long as short |
| HTX XAUT-USDT | +0.0100% | 4h | 4,343.7 | −0.026% | $1.8M | $243K | 75x | as long as short |
| Kraken Futures PF_XAUTUSDshort | +0.0188% | 1h | 4,346.3 | +0.034% | $5.7M | $4.5M | 50x |
BingX XAUT-USDT
Nado XAUT-PERP
GRVT XAUT_USDT_Perp
Orderly PERP_XAUT_USDC_mythos
Derive XAUT-PERP
SunX XAUT-USDT
HTX XAUT-USDT