Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: KuCoin against Backpack+0.062%7-day average +0.018% · you sell dearer than you buy
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$280.277% of the position
Funding, last 7 days+0.001%$0 on $10k
+Price spread, last 7 days−0.096%−$10 · spread now +0.062%, 7d avg +0.018%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.044% dearer against Backpack than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.018%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack PAXG_USDC_PERP | 4,322.7 | 0.0100 | pay 0.0013% / 1h | 17m 22s | $1.3M | $814K | 50x |
| Short | KuCoin PAXGUSDTM | 4,325.4 | 0.0100 | get 0.0050% / 4h | 2h 17m | $28.5M | $5.3M | 30x |
Backpack PAXG_USDC_PERP
KuCoin PAXGUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Backpack. 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
- $0
- Price spread: +0.062% → +0.018%
- $4.37
- Slippage, 4 orders
- −$5.71
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$23.34
- Costs to cover
- 0.277%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 2 min ago; KuCoin: live order book, 2 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 Backpack live order book, 2 min ago | 0.01 bp | 5.5 bp −$6 | 6.7 bp −$67 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 2 min ago | 0.49 bp | 7.2 bp −$7 | 13.4 bp −$134 | doesn't fit | doesn't fit |
PAXG on 29 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 | |
|---|---|---|---|---|---|---|---|---|
| Hibachi PAXG/USDT-P | −0.0152% | 1h | 4,322.1 | −0.015% | $42K | $167K | 20x | as long as short |
| Lighter PAXG | −0.0144% | 1h | 4,320.5 | −0.051% | $1.4M | $389K | 25x | as long as short |
| Kraken Futures PF_PAXGUSD | −0.0102% | 1h | 4,323.6 | +0.020% | $1.2M | $1.9M | 20x | as long as short |
| GRVT PAXG_USDT_Perp | −0.0048% | 4h | 4,320.9 | −0.042% | $1.5M | $2.0M | 10x | as long as short |
| ApeX Omni PAXGUSDT | −0.0028% | 1h | 4,319 | −0.087% | $261K | $784K | 50x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,321.1 | −0.037% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,323.9 | +0.028% | $15.6M | $3.7M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,319.2 | −0.082% | $2K | $3.5M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,327 | +0.098% | $7.9M | $839K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,325.1 | +0.055% | $902K | $735K | 75x | as long as short |
Hibachi PAXG/USDT-P
Lighter PAXG
Kraken Futures PF_PAXGUSD
GRVT PAXG_USDT_Perp
ApeX Omni PAXGUSDT
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC PAXG_USDT | +0.0020% | 4h | 4,324.7 | +0.046% | $16.4M | $1.1M | 100x | as long as short |
| Binance PAXGUSDT | +0.0021% | 4h | 4,323.2 | +0.012% | $79.7M | $74.2M | 75x | as long as short |
| Extended PAXG-USD | +0.0024% | 1h | 4,321.8 | −0.021% | $377K | $1.4M | 25x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.569% | $1K | $151K | 30x | as long as short |
| Aster PAXGUSDT | +0.0049% | 4h | 4,322.7 | +0.001% | $902K | $27K | 50x | as long as short |
| Hyperliquid PAXG | +0.0088% | 1h | 4,323 | +0.007% | $20.7M | $2.4M | 10x | as long as short |
| Paradex PAXG-USD-PERP | +0.0097% | 8h | 4,323.4 | +0.016% | $81K | $3.3M | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,322.3 | −0.009% | $555 | — | 10x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,322.8 | +0.003% | $1.0M | $348K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,323.7 | +0.023% | $14.9M | $4.0M | 75x | as long as short |
| KuCoin PAXGUSDTMshort | +0.0100% | 4h | 4,325.4 | +0.062% | $28.5M | $5.3M | 30x | |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,323.2 | +0.012% | $9.3M | $16.0M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,322.4 | −0.008% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERPlong | +0.0100% | 1h | 4,322.7 | long leg | $1.3M | $814K | 50x | |
| Variational Omni PAXG | +0.0100% | 4h | 4,317.2 | −0.128% | $12.3M | $222K | — | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,321 | −0.040% | $1.5M | $45K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,322.3 | −0.010% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0248% | 1h | 4,323.1 | +0.009% | $951K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0816% | 1h | 4,333.9 | +0.259% | $29K | $24K | 10x | as long as short |
MEXC PAXG_USDT
Binance PAXGUSDT
Extended PAXG-USD
Injective PAXG/USDC PERP
Aster PAXGUSDT
Hyperliquid PAXG
Paradex PAXG-USD-PERP
Orderly PERP_PAXG_USDC_mythos
Pacifica PAXG
Bybit PAXGUSDT
Bitget PAXGUSDT
BingX PAXG-USDT
Variational Omni PAXG
Phemex PAXGUSDT
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD