Funding you earn now, next payment 02:00 UTC−0.0281%/8h= −30.7% APRpaid last 24h +0.032%
Price spread now: Kraken Futures against HTX−0.176%7-day average −0.115% · you buy dearer than you sell
Net, funding: paid 7d − costs−$15as in the Funding arb table
Net, price: spread back to 7d avg − costs−$40as in the Price arb table
costs, in and out, $10k−$340.337% of the position
Funding, last 7 days+0.188%+$19 on $10k
+Price spread, last 3 days (all we have)+0.082%+$8 · spread now −0.176%, 7d avg −0.115%
=Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Kraken Futures is 0.060% cheaper against HTX than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.115%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.188%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.188% in total (about 9.8% a year). A funding rate is set anew for every payment. 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 | HTX XAU-USDT | 4,365.9 | 0.0549 | pay 0.0275% / 4h | 2h 56m | $2.9M | $3.9M | 75x |
| Short | Kraken Futures PF_XAUUSD | 4,358.2 | 0.0269 | get 0.0034% / 1h | 56m 23s | $594K | $141K | 25x |
HTX XAU-USDT
Kraken Futures PF_XAUUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against HTX. 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
- −$58.95
- Price spread: −0.176% → −0.115%
- −$6.02
- Slippage, 4 orders
- −$11.68
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$98.65
- Costs to cover
- 0.337%
- Break-even
- never at this rate
Slippage from HTX: live order book, 3 min ago; Kraken Futures: live order book, 12 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 HTX live order book, 3 min ago | 0.01 bp | 9.6 bp −$10 | 13.9 bp −$139 | 25.6 bp −$2,558 | doesn't fit |
| Sell Kraken Futures live order book, 12 min ago | 1.57 bp | 9.0 bp −$9 | 17.3 bp −$173 | doesn't fit | doesn't fit |
XAU on 39 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 | |
|---|---|---|---|---|---|---|---|---|
| Bluefin GOLD-PERP | −0.0350% | 1h | 4,353.5 | −0.283% | $26K | $22K | 20x | as long as short |
| Aster XAUUSD1 | 0.0000% | 4h | 4,363.9 | −0.046% | $68.5M | $252.2M | 20x | as long as short |
| Gate XAU_USDT | 0.0000% | 4h | 4,364.9 | −0.024% | $264.0M | $401.1M | 100x | as long as short |
| Kalshi KXGOLDPERP | 0.0000% | 24h | 4,358.5 | −0.169% | $4.1M | $36.5M | 15x | as long as short |
| SunX XAU-USDT | 0.0000% | 4h | 4,365.8 | −0.001% | $93K | $10.0M | 20x | as long as short |
| gTrade (Gains Network) XAU/USD | L +0.0002% / S −0.0003% | 1h | 4,358.2 | −0.176% | $269K | — | 250x | as long as short |
| Hotstuff GOLD-PERP | +0.0016% | 1h | 4,357.3 | −0.197% | $33K | — | 25x | as long as short |
| Extended XAU-USD | +0.0032% | 1h | 4,360.3 | −0.129% | $13.5M | $43.4M | 25x | as long as short |
| Injective XAU/USDC PERP | +0.0033% | 1h | 4,350.4 | −0.355% | $619 | $54 | 52x | as long as short |
| Variational Omni XAU | +0.0040% | 4h | 4,362 | −0.090% | $48.4M | $28.5M | — | as long as short |
Bluefin GOLD-PERP
Aster XAUUSD1
Gate XAU_USDT
Kalshi KXGOLDPERP
SunX XAU-USDT
gTrade (Gains Network) XAU/USD
Hotstuff GOLD-PERP
Extended XAU-USD
Injective XAU/USDC PERP
Variational Omni XAUShow all 39 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| StandX XAU-USD | +0.0040% | 1h | 4,362 | −0.089% | $3.8M | $4.7M | 40x | as long as short |
| Vest GC-PERP | +0.0046% | 1h | 4,396.2 | +0.694% | — | $1.0M | 25x | as long as short |
| Lighter XAU | +0.0048% | 1h | 4,362.4 | −0.080% | $20.6M | $43.2M | 25x | as long as short |
| tradeXYZ xyz:GOLD | +0.0050% | 1h | 4,358.7 | −0.165% | $294.2M | $51.8M | 25x | as long as short |
| Ondo Perps XAU-USD.P | +0.0050% | 1h | 4,360.6 | −0.120% | $14.9M | $57.3M | 25x | as long as short |
| QFEX GOLD-USD | +0.0051% | 1h | 4,363.8 | −0.048% | $5.6M | $1.9M | 20x | as long as short |
| Polymarket Perps GOLD-USD | +0.0053% | 1h | 4,361.4 | −0.103% | $4.3M | $1.8M | 20x | as long as short |
| Phoenix GOLD | +0.0055% | 1h | 4,358.9 | −0.160% | $48K | $64K | 25x | as long as short |
| Lighter RH XAU | +0.0056% | 1h | 4,364.8 | −0.025% | $20.2M | $40.6M | 25x | as long as short |
| MEXC XAU_USDT | +0.0062% | 4h | 4,362.7 | −0.074% | $374.2M | $319.0M | 1000x | as long as short |
| edgeX XAUUSDC | +0.0062% | 4h | 4,356.3 | −0.219% | $30.3M | $60.0M | 50x | as long as short |
| Binance XAUUSDT | +0.0064% | 4h | 4,362.6 | −0.076% | $411.6M | $2.11B | 100x | as long as short |
| Coinbase International GOLD-PERP-INTX | +0.0072% | 1h | 4,356.9 | −0.206% | $2.0M | $5.0M | 25x | as long as short |
| Paradex XAU-USD-PERP | +0.0088% | 8h | 4,363.2 | −0.062% | $19K | $5K | 5x | as long as short |
| Deribit GOLD_USDC-PERPETUAL | +0.0094% | 1h | 4,358.7 | −0.165% | $235K | $659K | 25x | as long as short |
| Aevo XAU-PERP | +0.0096% | 1h | 4,360.4 | −0.125% | $161K | $87 | 10x | as long as short |
| Pacifica XAU | +0.0100% | 1h | 4,360.6 | −0.121% | $1.4M | $1.2M | 10x | as long as short |
| ApeX Omni XAUUSDT | +0.0100% | 1h | 4,358.5 | −0.170% | $275K | $204K | 50x | as long as short |
| Bitget XAUUSDT | +0.0116% | 4h | 4,363.2 | −0.062% | $69.5M | $111.2M | 100x | as long as short |
| RISEx XAU/USDC | +0.0135% | 1h | 4,363.8 | −0.048% | $3.4M | $12.4M | 25x | as long as short |
| GRVT XAU_USDT_Perp | +0.0154% | 4h | 4,362.8 | −0.071% | $1.4M | $3.1M | 25x | as long as short |
| Bullet GOLD-USD | +0.0182% | 1h | 4,362.5 | −0.078% | $59K | $83K | 10x | as long as short |
| Bybit XAUUSDT | +0.0203% | 4h | 4,364.2 | −0.040% | $83.6M | $144.8M | 150x | as long as short |
| OKX XAU-USDT-SWAP | +0.0217% | 8h | 4,364.4 | −0.034% | $164.3M | $286.6M | 100x | as long as short |
| BloFin XAU-USDT | +0.0255% | 4h | 4,362.8 | −0.072% | $15.4M | $4.6M | 100x | as long as short |
| Kraken Futures PF_XAUUSDshort | +0.0269% | 1h | 4,358.2 | −0.176% | $594K | $141K | 25x | |
| Phemex XAUUSDT | +0.0317% | 4h | 4,365.3 | −0.014% | $2.2M | $1.1M | 100x | as long as short |
| GMX GOLD/USD [ETH-USDC] | L +0.0395% / S −0.0199% | 1h | 4,362.2 | −0.085% | $254K | — | 111x | as long as short |
| HTX XAU-USDTlong | +0.0549% | 4h | 4,365.9 | long leg | $2.9M | $3.9M | 75x |
StandX XAU-USD
Vest GC-PERP
Lighter XAU
tradeXYZ xyz:GOLD
Ondo Perps XAU-USD.P
QFEX GOLD-USD
Polymarket Perps GOLD-USD
Phoenix GOLD
Lighter RH XAU
MEXC XAU_USDT
edgeX XAUUSDC
Binance XAUUSDT
Coinbase International GOLD-PERP-INTX
Paradex XAU-USD-PERP
Deribit GOLD_USDC-PERPETUAL
Aevo XAU-PERP
Pacifica XAU
ApeX Omni XAUUSDT
Bitget XAUUSDT
RISEx XAU/USDC
GRVT XAU_USDT_Perp
Bullet GOLD-USD
Bybit XAUUSDT
OKX XAU-USDT-SWAP
BloFin XAU-USDT
Phemex XAUUSDT
GMX GOLD/USD [ETH-USDC]