Funding you earn now, next payment 01:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%
Price spread now: KuCoin against Deribit−0.020%7-day average −0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs−$14as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$350.352% of the position
Funding, last 7 days+0.211%+$21 on $10k
+Price spread, last 3 days (all we have)−0.001%$0 · spread now −0.020%, 7d avg −0.014%
=The price spread sits at its 7-day average of −0.014%, 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 | Deribit PAXG_USDC-PERPETUAL | 4,371.2 | 0 | get 0.0000% / 1h | 54m 35s | $8.0M | $871K | 50x |
| Short | KuCoin PAXGUSDTM | 4,370.3 | 0.0100 | get 0.0050% / 4h | 3h 54m | $28.5M | $5.6M | 30x |
Deribit PAXG_USDC-PERPETUAL
KuCoin PAXGUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Deribit. 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
- Price spread: −0.020% → −0.014%
- −$0.61
- Slippage, 4 orders
- −$16.2
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$14.81
- Costs to cover
- 0.352%
- Break-even
- 11.9 days
Slippage from Deribit: live order book, 5 min ago; KuCoin: live order book, 4 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 Deribit live order book, 5 min ago | 3.58 bp | 8.6 bp −$9 | 33.7 bp −$337 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 4 min ago | 0.63 bp | 8.0 bp −$8 | 11.8 bp −$118 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX PAXG-USD | 0.0000% | 1h | 4,367.1 | −0.093% | $102K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,369.2 | −0.045% | $15.8M | $3.4M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,362.9 | −0.188% | $2K | $3.9M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUALlong | 0.0000% | 1h | 4,371.2 | long leg | $8.0M | $871K | 50x | |
| HTX PAXG-USDT | 0.0000% | 4h | 4,369.7 | −0.033% | $912K | $657K | 75x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | −0.546% | $1K | $151K | 30x | as long as short |
| Lighter PAXG | +0.0096% | 1h | 4,366.6 | −0.104% | $1.4M | $264K | 25x | as long as short |
| Paradex PAXG-USD-PERP | +0.0100% | 8h | 4,366.6 | −0.103% | $81K | $3.7M | 50x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,367.6 | −0.081% | $20.5M | $1.9M | 10x | as long as short |
| Aster PAXGUSDT | +0.0100% | 4h | 4,368.5 | −0.061% | $911K | $30K | 50x | as long as short |
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
HTX PAXG-USDT
Injective PAXG/USDC PERP
Lighter PAXG
Paradex PAXG-USD-PERP
Hyperliquid PAXG
Aster PAXGUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica PAXG | +0.0100% | 1h | 4,368 | −0.071% | $1.0M | $365K | 10x | as long as short |
| Binance PAXGUSDT | +0.0100% | 4h | 4,367.1 | −0.094% | $80.3M | $70.8M | 75x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,368.1 | −0.070% | $15.1M | $3.7M | 75x | as long as short |
| MEXC PAXG_USDT | +0.0100% | 4h | 4,365.3 | −0.135% | $16.2M | $1.1M | 100x | as long as short |
| KuCoin PAXGUSDTMshort | +0.0100% | 4h | 4,370.3 | −0.020% | $28.5M | $5.6M | 30x | |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,368 | −0.072% | $9.7M | $15.3M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,367.1 | −0.093% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,368.8 | −0.054% | $1.4M | $973K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,369.4 | −0.041% | $12.5M | $104K | — | as long as short |
| GRVT PAXG_USDT_Perp | +0.0100% | 4h | 4,369.6 | −0.036% | $1.6M | $2.0M | 10x | as long as short |
| ApeX Omni PAXGUSDT | +0.0100% | 1h | 4,367.7 | −0.079% | $264K | $793K | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,368 | −0.072% | $560 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,364 | −0.164% | $1.5M | $38K | 50x | as long as short |
| Extended PAXG-USD | +0.0104% | 1h | 4,366.2 | −0.114% | $379K | $1.2M | 25x | as long as short |
| Hibachi PAXG/USDT-P | +0.0136% | 1h | 4,367.4 | −0.086% | $42K | $155K | 20x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,368.3 | −0.065% | $21K | — | 100x | as long as short |
| Kraken Futures PF_PAXGUSD | +0.0207% | 1h | 4,368.7 | −0.056% | $1.3M | $1.5M | 20x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0304% | 1h | 4,370.1 | −0.024% | $977K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.1048% | 1h | 4,377.3 | +0.140% | $29K | $23K | 10x | as long as short |
Pacifica PAXG
Binance PAXGUSDT
Bybit PAXGUSDT
MEXC PAXG_USDT
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
Hibachi PAXG/USDT-P
Reya PAXGRUSDPERP
Kraken Futures PF_PAXGUSD
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD