Funding you earn now, next payment 05:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.038%
Price spread now: KuCoin against dYdX+0.090%7-day average +0.038% · 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−$42as in the Price arb table
costs, in and out, $10k−$470.470% of the position
Funding, last 7 days+0.256%+$26 on $10k
+Price spread, last 4 days (all we have)−0.077%−$8 · spread now +0.090%, 7d avg +0.038%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.052% dearer against dYdX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.038%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | dYdX PAXG-USD | 4,334.8 | 0 | get 0.0000% / 1h | 22m 42s | $101K | $12K | 5x |
| Short | KuCoin PAXGUSDTM | 4,338.7 | 0.0100 | get 0.0050% / 4h | 3h 22m | $28.6M | $5.3M | 30x |
dYdX PAXG-USD
KuCoin PAXGUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $21
- Price spread: +0.090% → +0.038%
- $5.17
- Slippage, 4 orders
- −$25.01
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$20.84
- Costs to cover
- 0.470%
- Break-even
- 13.9 days
Slippage from dYdX: live order book, 31 min ago; KuCoin: live order book, 6 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, 31 min ago | 10.39 bp | 15.4 bp −$15 | 30.2 bp −$302 | 165.0 bp −$16.5K | 477.2 bp −$238.6K |
| Sell KuCoin live order book, 6 min ago | 0.22 bp | 8.4 bp −$8 | 14.4 bp −$144 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hibachi PAXG/USDT-P | −0.0160% | 1h | 4,334.7 | −0.002% | $42K | $154K | 20x | as long as short |
| Lighter PAXG | −0.0152% | 1h | 4,335.4 | +0.014% | $1.4M | $368K | 25x | as long as short |
| GRVT PAXG_USDT_Perp | −0.0080% | 4h | 4,334.5 | −0.005% | $1.5M | $1.9M | 10x | as long as short |
| ApeX Omni PAXGUSDT | −0.0068% | 1h | 4,334.5 | −0.007% | $262K | $786K | 50x | as long as short |
| dYdX PAXG-USDlong | 0.0000% | 1h | 4,334.8 | long leg | $101K | $12K | 5x | |
| Gate PAXG_USDT | 0.0000% | 8h | 4,338.3 | +0.081% | $15.6M | $3.4M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,331.3 | −0.081% | $2K | $3.5M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,339.3 | +0.104% | $7.9M | $843K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,342.8 | +0.185% | $903K | $689K | 75x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.289% | $1K | $151K | 30x | as long as short |
Hibachi PAXG/USDT-P
Lighter PAXG
GRVT PAXG_USDT_Perp
ApeX Omni PAXGUSDT
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Injective PAXG/USDC PERPShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC PAXG_USDT | +0.0036% | 4h | 4,338.6 | +0.089% | $16.1M | $1.0M | 100x | as long as short |
| Binance PAXGUSDT | +0.0036% | 4h | 4,336.5 | +0.039% | $79.9M | $70.5M | 75x | as long as short |
| Extended PAXG-USD | +0.0040% | 1h | 4,334.7 | −0.003% | $379K | $1.5M | 25x | as long as short |
| Kraken Futures PF_PAXGUSD | +0.0065% | 1h | 4,336.7 | +0.044% | $1.3M | $1.4M | 20x | as long as short |
| Aster PAXGUSDT | +0.0093% | 4h | 4,335.7 | +0.022% | $905K | $27K | 50x | as long as short |
| Paradex PAXG-USD-PERP | +0.0100% | 8h | 4,336.9 | +0.048% | $81K | $3.6M | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,335.4 | +0.014% | $556 | — | 10x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,336.8 | +0.047% | $20.8M | $2.3M | 10x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,338.2 | +0.079% | $1.0M | $343K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,337 | +0.052% | $14.9M | $3.8M | 75x | as long as short |
| KuCoin PAXGUSDTMshort | +0.0100% | 4h | 4,338.7 | +0.090% | $28.6M | $5.3M | 30x | |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,337.2 | +0.057% | $9.7M | $15.2M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,336.9 | +0.048% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,337.1 | +0.053% | $1.3M | $799K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,334 | −0.017% | $12.3M | $227K | — | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,332 | −0.064% | $1.5M | $38K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,335.6 | +0.020% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0296% | 1h | 4,339.1 | +0.100% | $956K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0920% | 1h | 4,346.1 | +0.261% | $29K | $24K | 10x | as long as short |
MEXC PAXG_USDT
Binance PAXGUSDT
Extended PAXG-USD
Kraken Futures PF_PAXGUSD
Aster 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