Funding you earn now, next payment 04:00 UTC+0.0110%/8h= +12.1% APRpaid last 24h +0.007%
Price spread now: Kraken Futures against Binance+0.035%7-day average +0.038% · you sell dearer than you buy
Net, funding: paid 7d − costs+$14as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$250.250% of the position
Funding, last 7 days+0.393%+$39 on $10k
+Price spread, last 4 days (all we have)+0.067%+$7 · spread now +0.035%, 7d avg +0.038%
=The price spread sits at its 7-day average of +0.038%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance PAXGUSDT | 4,341.5 | 0.0100 | pay 0.0050% / 4h | 42m 32s | $80.2M | $70.4M | 75x |
| Short | Kraken Futures PF_PAXGUSD | 4,343 | 0.0210 | get 0.0026% / 1h | 42m 32s | $1.3M | $1.4M | 20x |
Binance PAXGUSDT
Kraken Futures PF_PAXGUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Binance. 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
- $23.11
- Price spread: +0.035% → +0.038%
- −$0.32
- Slippage, 4 orders
- −$4.99
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$2.19
- Costs to cover
- 0.250%
- Break-even
- 7.7 days
Slippage from Binance: live order book, 15 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 Binance live order book, 15 min ago | 0.01 bp | 5.1 bp −$5 | 6.4 bp −$64 | 10.3 bp −$1,031 | doesn't fit |
| Sell Kraken Futures live order book, 1 min ago | 0.69 bp | 8.3 bp −$8 | 14.4 bp −$144 | 46.1 bp −$4,612 | 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 | −0.0120% | 1h | 4,341.7 | +0.005% | $42K | $159K | 20x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,341.9 | +0.009% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,343.9 | +0.055% | $15.6M | $3.3M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,339.3 | −0.052% | $2K | $3.6M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,345.3 | +0.087% | $7.9M | $868K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,344.5 | +0.070% | $905K | $671K | 75x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.133% | $1K | $151K | 30x | as long as short |
| Lighter PAXG | +0.0088% | 1h | 4,341.1 | −0.011% | $1.4M | $347K | 25x | as long as short |
| Paradex PAXG-USD-PERP | +0.0100% | 8h | 4,342.1 | +0.013% | $81K | $3.7M | 50x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,342.8 | +0.030% | $20.8M | $2.4M | 10x | as long as short |
Hibachi PAXG/USDT-P
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Injective PAXG/USDC PERP
Lighter PAXG
Paradex PAXG-USD-PERP
Hyperliquid PAXGShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster PAXGUSDT | +0.0100% | 4h | 4,342.9 | +0.032% | $906K | $30K | 50x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,342.6 | +0.024% | $1.0M | $339K | 10x | as long as short |
| Binance PAXGUSDTlong | +0.0100% | 4h | 4,341.5 | long leg | $80.2M | $70.4M | 75x | |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,342.6 | +0.026% | $14.9M | $3.8M | 75x | as long as short |
| MEXC PAXG_USDT | +0.0100% | 4h | 4,342.9 | +0.032% | $16.1M | $1.1M | 100x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,345.4 | +0.090% | $28.6M | $5.4M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,343.1 | +0.037% | $9.7M | $14.8M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,342 | +0.011% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,342.7 | +0.028% | $1.3M | $801K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,339.2 | −0.052% | $12.4M | $97K | — | as long as short |
| GRVT PAXG_USDT_Perp | +0.0100% | 4h | 4,341.5 | 0.000% | $1.5M | $1.9M | 10x | as long as short |
| ApeX Omni PAXGUSDT | +0.0100% | 1h | 4,340.5 | −0.024% | $262K | $788K | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,341.2 | −0.007% | $557 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,339 | −0.058% | $1.5M | $39K | 50x | as long as short |
| Extended PAXG-USD | +0.0104% | 1h | 4,340.7 | −0.018% | $379K | $1.4M | 25x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,342.1 | +0.013% | $21K | — | 100x | as long as short |
| Kraken Futures PF_PAXGUSDshort | +0.0210% | 1h | 4,343 | +0.035% | $1.3M | $1.4M | 20x | |
| Coinbase International PAXG-PERP-INTX | +0.0320% | 1h | 4,345.7 | +0.096% | $968K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0904% | 1h | 4,352.6 | +0.255% | $29K | $23K | 10x | as long as short |
Aster PAXGUSDT
Pacifica PAXG
Bybit PAXGUSDT
MEXC PAXG_USDT
KuCoin PAXGUSDTM
Bitget PAXGUSDT
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
GRVT PAXG_USDT_Perp
ApeX Omni PAXGUSDT
Orderly PERP_PAXG_USDC_mythos
Phemex PAXGUSDT
Extended PAXG-USD
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD