Live as of 2026-11-02 17:40 (UTC+8). Highest venue: Kraken at 21.1% annualized.
Kraken pays shorts the most on XAUT right now at 21.1% annualized, while Bitget sits at -6.6%. The spread between venues is 27.6 percentage points, which matters: on a $1,000 position the difference between shorting Kraken and Bitget is about $23.04 a month at current rates.
| Exchange | Rate / period | Interval | Annualized | 24h volume | |
|---|---|---|---|---|---|
| Kraken | 0.0024% | 1h | 21.1% | $1.3M | Trade |
| Binance | 0.0018% | 4h | 4.0% | $27.2M | Trade |
| Gate | 0.0034% | 8h | 3.7% | $9.5M | Trade |
| Bitget | -0.0030% | 4h | -6.6% | $11.6M | Trade |
A funding arbitrage position buys the spot asset and shorts the perpetual on the same venue, so price moves cancel out and the funding payment becomes the return. Taker fees on both legs cost about 0.32% of notional round trip, so the current rate needs roughly 5.5 days to pay that back. If the rate does not hold that long, the trade loses money even while the funding prints positive. The 24 hour median across venues is 10.7% annualized and the best venue is now at 21.1%, so today's level is above its own recent average.
Over the last 24 hours the best annualized rate on XAUT ranged from 0.0% to 57.0%, with a median of 10.7% across 558 samples. That range matters more than the spot number: a rate that spikes for one hour and collapses the next does not pay for the round trip.
| Time (UTC+8) | Best annualized |
|---|---|
| 11-01 18:40 | 14.9% |
| 11-01 19:40 | 11.0% |
| 11-01 20:40 | 12.0% |
| 11-01 21:41 | 12.2% |
| 11-01 22:40 | 12.2% |
| 11-01 23:40 | 13.4% |
| 11-02 00:40 | 11.0% |
| 11-02 01:40 | 11.0% |
| 11-02 02:40 | 12.0% |
| 11-02 03:40 | 11.0% |
| 11-02 04:40 | 11.0% |
| 11-02 05:40 | 11.0% |
| 11-02 06:40 | 11.0% |
| 11-02 07:40 | 11.0% |
| 11-02 08:40 | 11.0% |
| 11-02 09:40 | 11.0% |
| 11-02 10:40 | 11.0% |
| 11-02 11:40 | 11.0% |
| 11-02 12:40 | 11.0% |
| 11-02 13:40 | 38.0% |
| 11-02 14:40 | 41.3% |
| 11-02 15:40 | 31.9% |
| 11-02 16:40 | 42.1% |
| 11-02 17:40 | 21.1% |
Rates come straight from each exchange's public API and are re-read every hour. Annualized figures multiply the per-period rate by the number of periods in a year, which is 8,760 for an hourly venue and 1,095 for an eight-hour one. Volume is 24 hour quote volume, so it reflects dollar turnover you can actually trade against. Contracts with less than $1M of turnover are excluded from the ranking because their rates are usually noise.
Kraken shows the highest XAUT perpetual funding at 21.1% annualized (0.0024% per 1 hours). Bitget shows the lowest at -6.6%.
On funding alone it is Kraken at 21.1% annualized. Check depth on your size first: 24 hour volume there is $1.3M.
At the current best rate the 0.32% round-trip fee is covered in roughly 5.5 days.
No. You still carry basis risk, exchange and custody risk, and the rate itself can flip sign.