Funding you earn now, next payment 09:00 UTC−0.0132%/8h= −14.5% APRpaid last 24h −0.053%
Price spread now: KuCoin against Coinbase International−0.064%7-day average −0.049% · you buy dearer than you sell
Net, funding: paid 7d − costs−$61as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$330.326% of the position
Funding, last 7 days−0.286%−$29 on $10k
+Price spread, last 4 days (all we have)−0.089%−$9 · spread now −0.064%, 7d avg −0.049%
=The price spread sits at its 7-day average of −0.049%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International PAXG-PERP-INTX | 4,330.6 | 0.0232 | pay 0.0029% / 1h | 57m 55s | $933K | $1.0M | 50x |
| Short | KuCoin PAXGUSDTM | 4,327.9 | 0.0100 | get 0.0050% / 4h | 2h 57m | $28.8M | $5.5M | 30x |
Coinbase International PAXG-PERP-INTX
KuCoin PAXGUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Coinbase International. 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
- −$27.72
- Price spread: −0.064% → −0.049%
- −$1.46
- Slippage, 4 orders
- −$10.57
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$61.76
- Costs to cover
- 0.326%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, just now; KuCoin: live order book, 11 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 Coinbase International live order book, just now | 3.34 bp | 8.6 bp −$9 | 10.6 bp −$106 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 11 min ago | 0.21 bp | 7.7 bp −$8 | 15.4 bp −$154 | 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 | −0.0088% | 1h | 4,324.1 | −0.151% | $1.4M | $500K | 25x | as long as short |
| GRVT PAXG_USDT_Perp | −0.0056% | 4h | 4,328.1 | −0.057% | $1.5M | $2.0M | 10x | as long as short |
| Hibachi PAXG/USDT-P | −0.0016% | 1h | 4,329.9 | −0.017% | $43K | $189K | 20x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,328.5 | −0.049% | $115K | $15K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,327 | −0.084% | $15.7M | $3.9M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,322 | −0.199% | $2K | $3.1M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,330 | −0.014% | $7.9M | $428K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,333.2 | +0.059% | $910K | $822K | 75x | as long as short |
| MEXC PAXG_USDT | +0.0022% | 4h | 4,331.5 | +0.020% | $16.6M | $1.2M | 100x | as long as short |
| Extended PAXG-USD | +0.0024% | 1h | 4,324 | −0.152% | $375K | $1.5M | 25x | as long as short |
Lighter PAXG
GRVT PAXG_USDT_Perp
Hibachi PAXG/USDT-P
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
MEXC PAXG_USDT
Extended PAXG-USDShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget PAXGUSDT | +0.0024% | 4h | 4,324.2 | −0.149% | $9.2M | $16.3M | 50x | as long as short |
| Binance PAXGUSDT | +0.0025% | 4h | 4,324.6 | −0.138% | $80.1M | $82.2M | 75x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.385% | $1K | $151K | 30x | as long as short |
| ApeX Omni PAXGUSDT | +0.0040% | 1h | 4,328.1 | −0.057% | $262K | $805K | 50x | as long as short |
| Aster PAXGUSDT | +0.0043% | 4h | 4,326.3 | −0.099% | $905K | $38K | 50x | as long as short |
| Kraken Futures PF_PAXGUSD | +0.0085% | 1h | 4,326.7 | −0.091% | $1.2M | $2.1M | 20x | as long as short |
| Paradex PAXG-USD-PERP | +0.0087% | 8h | 4,325.9 | −0.109% | $80K | $4.4M | 50x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,324.7 | −0.137% | $21.2M | $2.6M | 10x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,328.8 | −0.042% | $1.0M | $309K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,324.9 | −0.132% | $15.0M | $4.6M | 75x | as long as short |
| KuCoin PAXGUSDTMshort | +0.0100% | 4h | 4,327.9 | −0.064% | $28.8M | $5.5M | 30x | |
| BingX PAXG-USDT | +0.0100% | 4h | 4,326.2 | −0.102% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,325.3 | −0.123% | $1.2M | $860K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,326.8 | −0.087% | $12.2M | $291K | — | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,327.6 | −0.070% | $555 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,321 | −0.222% | $1.5M | $80K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,327.9 | −0.063% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTXlong | +0.0232% | 1h | 4,330.6 | long leg | $933K | $1.0M | 50x | |
| 01 Exchange PAXGUSD | +0.4368% | 1h | 4,338.8 | +0.189% | $29K | $24K | 10x | as long as short |
Bitget PAXGUSDT
Binance PAXGUSDT
Injective PAXG/USDC PERP
ApeX Omni PAXGUSDT
Aster PAXGUSDT
Kraken Futures PF_PAXGUSD
Paradex PAXG-USD-PERP
Hyperliquid PAXG
Pacifica PAXG
Bybit PAXGUSDT
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
Orderly PERP_PAXG_USDC_mythos
Phemex PAXGUSDT
Reya PAXGRUSDPERP
01 Exchange PAXGUSD