Funding you earn now, next payment 10:00 UTC+0.0097%/8h= +10.6% APRnext payment +$0.12 per $10,000 · paid last 24h +0.036%
Price spread now: Kraken Futures against dYdX+0.077%85s7-day average +0.017% · you sell dearer than you buy
Net, funding: paid 7d − costs+$6as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$500.504% of the position
Funding, last 7 days+0.566%+$57 on $10k
+Price spread, last 4 days (all we have)+0.020%+$2 · spread now +0.077%, 7d avg +0.017%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Kraken Futures is 0.060% dearer against dYdX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.017%. The two prices were read 85 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | dYdX PAXG-USD | 4,313.5 | −0.0012 | get 0.0001% / 1h | 17m 10s | $115K | $15K | 5x |
| Short | Kraken Futures PF_PAXGUSD | 4,316.8 | 0.0085 | get 0.0011% / 1h | 17m 10s | $1.2M | $2.1M | 20x |
dYdX PAXG-USD
Kraken Futures PF_PAXGUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against dYdX. 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
- $20.29
- Price spread: +0.077% → +0.017%
- $6
- Slippage, 4 orders
- −$30.37
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$24.08
- Costs to cover
- 0.504%
- Break-even
- 15.3 days
Slippage from dYdX: live order book, 34 min ago; Kraken Futures: 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 dYdX live order book, 34 min ago | 8.11 bp | 22.1 bp −$22 | 129.1 bp −$1,291 | 190.5 bp −$19.1K | 716.6 bp −$358.3K |
| Sell Kraken Futures live order book, 4 min ago | 0.46 bp | 8.1 bp −$8 | 14.4 bp −$144 | 41.5 bp −$4,146 | doesn't fit |
PAXG on 29 exchanges
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-USDlong | −0.0012% | 1h | 4,313.5 | long leg | $115K | $15K | 5x | |
| Gate PAXG_USDT | 0.0000% | 8h | 4,318.3 | +0.112% | $15.6M | $4.0M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,313 | −0.012% | $2K | $2.9M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,320.2 | +0.155% | $7.9M | $211K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,320 | +0.150% | $909K | $809K | 75x | as long as short |
| Lighter PAXG | +0.0024% | 1h | 4,314.6 | +0.026% | $1.4M | $501K | 25x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.784% | $1K | $151K | 30x | as long as short |
| GRVT PAXG_USDT_Perp | +0.0060% | 4h | 4,316.5 | +0.071% | $1.5M | $1.9M | 10x | as long as short |
| MEXC PAXG_USDT | +0.0078% | 4h | 4,321.3 | +0.180% | $16.6M | $1.3M | 100x | as long as short |
| Bitget PAXGUSDT | +0.0078% | 4h | 4,316.8 | +0.076% | $9.2M | $16.7M | 50x | as long as short |
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Lighter PAXG
Injective PAXG/USDC PERP
GRVT PAXG_USDT_Perp
MEXC PAXG_USDT
Bitget PAXGUSDTShow all 29 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended PAXG-USD | +0.0080% | 1h | 4,314.7 | +0.029% | $374K | $1.5M | 25x | as long as short |
| Binance PAXGUSDT | +0.0081% | 4h | 4,316.6 | +0.071% | $80.1M | $80.1M | 75x | as long as short |
| Kraken Futures PF_PAXGUSDshort | +0.0085% | 1h | 4,316.8 | +0.077% | $1.2M | $2.1M | 20x | |
| Aster PAXGUSDT | +0.0097% | 4h | 4,316 | +0.057% | $903K | $41K | 50x | as long as short |
| Paradex PAXG-USD-PERP | +0.0098% | 8h | 4,315.1 | +0.038% | $80K | $4.3M | 50x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,316 | +0.058% | $21.2M | $2.5M | 10x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,319.1 | +0.130% | $1.0M | $314K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,316 | +0.058% | $14.9M | $4.6M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,318.9 | +0.125% | $28.8M | $5.7M | 30x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,318.4 | +0.114% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,316.8 | +0.077% | $1.2M | $866K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,314.3 | +0.018% | $12.2M | $298K | — | as long as short |
| ApeX Omni PAXGUSDT | +0.0100% | 1h | 4,314.8 | +0.031% | $261K | $801K | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,316 | +0.058% | $554 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,315 | +0.035% | $1.5M | $81K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,315.2 | +0.040% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0232% | 1h | 4,324.2 | +0.247% | $932K | $1.0M | 50x | as long as short |
| Hibachi PAXG/USDT-P | +0.0312% | 1h | 4,316.4 | +0.068% | $43K | $181K | 20x | as long as short |
| 01 Exchange PAXGUSD | +0.1064% | 1h | 4,327.7 | +0.329% | $29K | $24K | 10x | as long as short |
Extended PAXG-USD
Binance PAXGUSDT
Aster PAXGUSDT
Paradex PAXG-USD-PERP
Hyperliquid PAXG
Pacifica PAXG
Bybit PAXGUSDT
KuCoin PAXGUSDTM
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
ApeX Omni PAXGUSDT
Orderly PERP_PAXG_USDC_mythos
Phemex PAXGUSDT
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
Hibachi PAXG/USDT-P
01 Exchange PAXGUSD