Funding you earn now, next payment 05:00 UTC+0.0038%/8h= +4.2% APRpaid last 24h +0.006%
Price spread now: Kraken Futures against MEXC+0.024%7-day average +0.031% · you sell dearer than you buy
Net, funding: paid 7d − costs−$13as in the Funding arb table
Net, price: spread back to 7d avg − costs−$19as in the Price arb table
costs, in and out, $10k−$180.180% of the position
Funding, last 7 days+0.053%+$5 on $10k
+Price spread, last 4 days (all we have)+0.021%+$2 · spread now +0.024%, 7d avg +0.031%
=The price spread sits at its 7-day average of +0.031%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC XAUT_USDT | 4,339.5 | 0.0100 | pay 0.0050% / 4h | 3h 44m | $389.9M | $270.5M | 1000x |
| Short | Kraken Futures PF_XAUTUSD | 4,340.6 | 0.0138 | get 0.0017% / 1h | 44m 07s | $5.7M | $4.4M | 50x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against MEXC. 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
- $7.96
- Price spread: +0.024% → +0.031%
- −$0.67
- Slippage, 4 orders
- −$3.99
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$10.7
- Costs to cover
- 0.180%
- Break-even
- 16.4 days
Slippage from MEXC: live order book, 5 min ago; Kraken Futures: live order book, 5 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 MEXC live order book, 5 min ago | 0.35 bp | 2.3 bp −$2 | 2.4 bp −$24 | 4.8 bp −$482 | 17.9 bp −$8,970 |
| Sell Kraken Futures live order book, 5 min ago | 0.58 bp | 7.5 bp −$8 | 8.6 bp −$86 | 15.6 bp −$1,558 | 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 | −0.0359% | 1h | 4,338.3 | −0.027% | $56K | $29K | 20x | as long as short |
| Bitget XAUTUSDT | −0.0044% | 4h | 4,338.8 | −0.016% | $25.8M | $15.4M | 75x | as long as short |
| Gate XAUT_USDT | 0.0000% | 8h | 4,340.4 | +0.021% | $130.2M | $8.1M | 100x | as long as short |
| Variational Omni XAUT | +0.0008% | 4h | 4,338.9 | −0.014% | $33.0M | $3.5M | — | as long as short |
| Injective XAUT/USDC PERP | +0.0033% | 1h | 4,349.8 | +0.237% | $8K | $149K | 30x | as long as short |
| SoDEX XAUT-USD | +0.0050% | 1h | 4,338.2 | −0.030% | $10.1M | $2.0M | 25x | as long as short |
| Binance XAUTUSDT | +0.0055% | 4h | 4,338.2 | −0.030% | $35.1M | $45.2M | 75x | as long as short |
| Extended XAUT-USD | +0.0056% | 1h | 4,337.6 | −0.044% | $272K | $215K | 25x | as long as short |
| Nado XAUT-PERP | +0.0100% | 1h | 4,339.4 | −0.003% | $4.2M | $911K | 10x | as long as short |
| Bybit XAUTUSDT | +0.0100% | 4h | 4,339.3 | −0.005% | $120.1M | $27.9M | 75x | as long as short |
Show all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC XAUT_USDTlong | +0.0100% | 4h | 4,339.5 | long leg | $389.9M | $270.5M | 1000x | |
| KuCoin XAUTUSDTM | +0.0100% | 4h | 4,340.6 | +0.026% | $11.5M | $2.9M | 75x | as long as short |
| BingX XAUT-USDT | +0.0100% | 4h | 4,339.3 | −0.005% | — | $17.7M | — | as long as short |
| GRVT XAUT_USDT_Perp | +0.0100% | 4h | 4,338.1 | −0.033% | $807 | $106K | 10x | as long as short |
| Orderly PERP_XAUT_USDC_mythos | +0.0100% | 4h | 4,338.8 | −0.016% | $267 | $17K | 10x | as long as short |
| Derive XAUT-PERP | +0.0100% | 1h | 4,339.2 | −0.006% | $1.8M | $299K | 10x | as long as short |
| SunX XAUT-USDT | +0.0100% | 4h | 4,345.8 | +0.144% | $3K | $3.3M | 20x | as long as short |
| HTX XAUT-USDT | +0.0100% | 4h | 4,338.6 | −0.022% | $1.8M | $227K | 75x | as long as short |
| Kraken Futures PF_XAUTUSDshort | +0.0138% | 1h | 4,340.6 | +0.024% | $5.7M | $4.4M | 50x | |
| BloFin XAUT-USDT | +0.0340% | 4h | 4,338.7 | −0.018% | $2.3M | $1.6M | 75x | as long as short |
MEXC XAUT_USDT
Kraken Futures PF_XAUTUSD
Aftermath Perps XAUTUSD
Bitget XAUTUSDT
Gate XAUT_USDT
Variational Omni XAUT
Injective XAUT/USDC PERP
SoDEX XAUT-USD
Binance XAUTUSDT
Extended XAUT-USD
Bybit XAUTUSDT
KuCoin XAUTUSDTM
BingX XAUT-USDT
GRVT XAUT_USDT_Perp
Derive XAUT-PERP
SunX XAUT-USDT
HTX XAUT-USDT
BloFin XAUT-USDT