Funding you earn now, next payment 08:00 UTC+0.0105%/8h= +11.4% APRnext payment +$0.52 per $10,000 · paid last 24h 0.000%
Price spread now: KuCoin against Binance+0.067%7-day average +0.053% · you sell dearer than you buy
Net, funding: paid 7d − costs−$21as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$270.272% of the position
Funding, last 7 days+0.058%+$6 on $10k
+Price spread, last 7 days−0.021%−$2 · spread now +0.067%, 7d avg +0.053%
=The price spread sits at its 7-day average of +0.053%, 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 | 4,317.6 | −0.0005 | get 0.0002% / 4h | 1h 05m | $79.6M | $75.0M | 75x |
| Short | KuCoin PAXGUSDTM | 4,320.5 | 0.0100 | get 0.0050% / 4h | 1h 05m | $28.6M | $5.3M | 30x |
Binance PAXGUSDT
KuCoin PAXGUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $21.95
- Price spread: +0.067% → +0.053%
- $1.37
- Slippage, 4 orders
- −$5.21
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$3.89
- Costs to cover
- 0.272%
- Break-even
- 8.2 days
Slippage from Binance: live order book, 7 min ago; KuCoin: live order book, 3 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, 7 min ago | 0.01 bp | 5.0 bp −$5 | 5.9 bp −$59 | 9.5 bp −$947 | doesn't fit |
| Sell KuCoin live order book, 3 min ago | 0.29 bp | 8.4 bp −$8 | 14.3 bp −$143 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter PAXG | −0.0176% | 1h | 4,315.7 | −0.044% | $1.4M | $468K | 25x | as long as short |
| GRVT PAXG_USDT_Perp | −0.0106% | 4h | 4,319.4 | +0.042% | $1.5M | $2.0M | 10x | as long as short |
| Hibachi PAXG/USDT-P | −0.0104% | 1h | 4,319 | +0.034% | $42K | $168K | 20x | as long as short |
| Kraken Futures PF_PAXGUSD | −0.0044% | 1h | 4,318.3 | +0.016% | $1.2M | $1.9M | 20x | as long as short |
| Extended PAXG-USD | −0.0008% | 1h | 4,316.6 | −0.023% | $378K | $625K | 25x | as long as short |
| Binance PAXGUSDTlong | −0.0005% | 4h | 4,317.6 | long leg | $79.6M | $75.0M | 75x | |
| MEXC PAXG_USDT | −0.0004% | 4h | 4,322.8 | +0.120% | $16.6M | $1.1M | 100x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,317.9 | +0.006% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,319.7 | +0.049% | $15.6M | $3.8M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,314 | −0.084% | $2K | $3.3M | 20x | as long as short |
Lighter PAXG
GRVT PAXG_USDT_Perp
Hibachi PAXG/USDT-P
Kraken Futures PF_PAXGUSD
Extended PAXG-USD
MEXC PAXG_USDT
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,322.2 | +0.107% | $7.9M | $850K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,321.2 | +0.084% | $902K | $776K | 75x | as long as short |
| Aster PAXGUSDT | +0.0011% | 4h | 4,319.9 | +0.054% | $901K | $27K | 50x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.688% | $1K | $151K | 30x | as long as short |
| ApeX Omni PAXGUSDT | +0.0043% | 1h | 4,318.5 | +0.020% | $261K | $773K | 50x | as long as short |
| Paradex PAXG-USD-PERP | +0.0098% | 8h | 4,318.5 | +0.021% | $85K | $3.3M | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,317.9 | +0.007% | $554 | — | 10x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,317.9 | +0.007% | $20.8M | $2.4M | 10x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,320.1 | +0.058% | $1.0M | $316K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,318 | +0.009% | $14.9M | $4.0M | 75x | as long as short |
| KuCoin PAXGUSDTMshort | +0.0100% | 4h | 4,320.5 | +0.067% | $28.6M | $5.3M | 30x | |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,317.7 | +0.001% | $9.4M | $16.5M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,319 | +0.033% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,318.2 | +0.013% | $1.3M | $826K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,317.7 | +0.002% | $12.3M | $223K | — | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,319 | +0.032% | $1.5M | $52K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,318.1 | +0.012% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0232% | 1h | 4,322.2 | +0.106% | $949K | $1.0M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0816% | 1h | 4,329 | +0.264% | $29K | $23K | 10x | as long as short |
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Aster PAXGUSDT
Injective PAXG/USDC PERP
ApeX Omni PAXGUSDT
Paradex PAXG-USD-PERP
Orderly PERP_PAXG_USDC_mythos
Hyperliquid PAXG
Pacifica PAXG
Bybit PAXGUSDT
Bitget PAXGUSDT
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
Phemex PAXGUSDT
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD