Funding you earn now, next payment 09:00 UTC−0.0120%/8h= −13.2% APRnext payment −$0.15 per $10,000 · paid last 24h +0.007%
Price spread now: Kraken Futures against Extended+0.048%7-day average +0.066% · you sell dearer than you buy
Net, funding: paid 7d − costs+$11as in the Funding arb table
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$260.255% of the position
Funding, last 7 days+0.370%+$37 on $10k
+Price spread, last 4 days (all we have)+0.138%+$14 · spread now +0.048%, 7d avg +0.066%
=Together, before fees+0.508%+ Points / potential airdropExtended: Active · farm board+$51 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.066%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.370%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended PAXG-USD | 4,327.1 | 0.0024 | pay 0.0003% / 1h | 0m 34s | $375K | $1.5M | 25x |
| Short | Kraken Futures PF_PAXGUSD | 4,329.2 | −0.0096 | pay 0.0012% / 1h | 0m 34s | $1.2M | $2.1M | 20x |
Extended PAXG-USD
Kraken Futures PF_PAXGUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Extended. 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
- −$25.28
- Price spread: +0.048% → +0.066%
- −$1.81
- Slippage, 4 orders
- −$10.54
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$52.64
- Costs to cover
- 0.255%
- Break-even
- never at this rate
Slippage from Extended: live order book, 3 min ago; Kraken Futures: 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 Extended live order book, 3 min ago | 0.12 bp | 2.7 bp −$3 | 4.1 bp −$41 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 3 min ago | 0.69 bp | 11.0 bp −$11 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX PAXG-USD | −0.0239% | 1h | 4,328.5 | +0.032% | $115K | $15K | 5x | as long as short |
| Lighter PAXG | −0.0136% | 1h | 4,325.9 | −0.029% | $1.4M | $637K | 25x | as long as short |
| Kraken Futures PF_PAXGUSDshort | −0.0096% | 1h | 4,329.2 | +0.048% | $1.2M | $2.1M | 20x | |
| GRVT PAXG_USDT_Perp | −0.0078% | 4h | 4,331.9 | +0.111% | $1.5M | $2.0M | 10x | as long as short |
| Hibachi PAXG/USDT-P | −0.0024% | 1h | 4,333.5 | +0.148% | $43K | $189K | 20x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,329.8 | +0.062% | $15.7M | $4.1M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,324.4 | −0.062% | $2K | $3.1M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,332.2 | +0.117% | $7.9M | $428K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,334.2 | +0.163% | $909K | $821K | 75x | as long as short |
| MEXC PAXG_USDT | +0.0020% | 4h | 4,333.5 | +0.148% | $16.7M | $1.2M | 100x | as long as short |
dYdX PAXG-USD
Lighter PAXG
GRVT PAXG_USDT_Perp
Hibachi PAXG/USDT-P
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
MEXC PAXG_USDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget PAXGUSDT | +0.0022% | 4h | 4,328.1 | +0.023% | $9.2M | $16.3M | 50x | as long as short |
| Binance PAXGUSDT | +0.0022% | 4h | 4,329.5 | +0.055% | $80.3M | $82.1M | 75x | as long as short |
| Extended PAXG-USDlong | +0.0024% | 1h | 4,327.1 | long leg | $375K | $1.5M | 25x | |
| ApeX Omni PAXGUSDT | +0.0030% | 1h | 4,330.4 | +0.076% | $262K | $806K | 50x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.467% | $1K | $151K | 30x | as long as short |
| Aster PAXGUSDT | +0.0039% | 4h | 4,329.5 | +0.056% | $906K | $38K | 50x | as long as short |
| Hyperliquid PAXG | +0.0076% | 1h | 4,326.3 | −0.019% | $21.2M | $2.6M | 10x | as long as short |
| Paradex PAXG-USD-PERP | +0.0086% | 8h | 4,326.7 | −0.010% | $80K | $4.4M | 50x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,328.1 | +0.022% | $1.0M | $308K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,329.5 | +0.055% | $15.0M | $4.6M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,329.5 | +0.054% | $28.8M | $5.5M | 30x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,328.7 | +0.036% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,327.9 | +0.018% | $1.2M | $857K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,326.8 | −0.006% | $12.2M | $291K | — | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,327.9 | +0.018% | $555 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,326 | −0.026% | $1.5M | $80K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,327.2 | +0.003% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0232% | 1h | 4,332.1 | +0.115% | $934K | $1.0M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.1344% | 1h | 4,387 | +1.384% | $29K | $24K | 10x | as long as short |
Bitget PAXGUSDT
Binance PAXGUSDT
ApeX Omni PAXGUSDT
Injective PAXG/USDC PERP
Aster PAXGUSDT
Hyperliquid PAXG
Paradex PAXG-USD-PERP
Pacifica PAXG
Bybit PAXGUSDT
KuCoin PAXGUSDTM
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
Orderly PERP_PAXG_USDC_mythos
Phemex PAXGUSDT
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD