Funding arb · Price arb /

PAXG

all PAXG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.021%

Price spread now: KuCoin against GRVT−0.063%98s7-day average +0.031% · you buy dearer than you sell

Net, funding: paid 7d − costs−$22as 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−$250.255% of the position

Long on GRVT Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.032%+$3 on $10k

Price spread, last 7 days+0.090%+$9 · spread now −0.063%, 7d avg +0.031%

Together, before fees+0.121%+ Points / potential airdropGRVT: Active · farm board+$12 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.095% cheaper against GRVT than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.031%. The two prices were read 98 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	GRVT PAXG_USDT_Perp	4,317.8	0.0100	pay 0.0050% / 4h	47m 53s	$1.5M	$2.0M	10x
Short	KuCoin PAXGUSDTM	4,315.1	0.0100	get 0.0050% / 4h	47m 53s	$28.8M	$6.0M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against GRVT. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GRVTbpFee KuCoinbpOrdersPrice spread, now −0.063%Rate

Funding earned: $0
Price spread: −0.063% → +0.031%: −$9.47
Slippage, 4 orders: −$4.46
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$34.92
Costs to cover: 0.255%
Break-even: never at this rate

Slippage from GRVT: live order book, 4 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 GRVT live order book, 4 min ago	0.01 bp	5.2 bp −$5	8.0 bp −$80	2585.8 bp −$258.6K	doesn't fit
Sell KuCoin live order book, 4 min ago	0.21 bp	7.2 bp −$7	15.8 bp −$158	doesn't fit	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
Lighter PAXG	−0.0072%	1h	4,313.3	−0.106%	$1.4M	$496K	25x	as long as short
dYdX PAXG-USD	−0.0002%	1h	4,312.9	−0.114%	$116K	$16K	5x	as long as short
Gate PAXG_USDT	0.0000%	8h	4,315.1	−0.063%	$15.6M	$3.9M	100x	as long as short
SunX PAXG-USDT	0.0000%	4h	4,309.5	−0.193%	$2K	$2.5M	20x	as long as short
Deribit PAXG_USDC-PERPETUAL	0.0000%	1h	4,317.4	−0.010%	$7.9M	$204K	50x	as long as short
HTX PAXG-USDT	0.0000%	4h	4,316.1	−0.041%	$909K	$831K	75x	as long as short
Injective PAXG/USDC PERP	+0.0033%	1h	4,347.3	+0.683%	$1K	$151K	30x	as long as short
ApeX Omni PAXGUSDT	+0.0098%	1h	4,318.7	+0.021%	$261K	$797K	50x	as long as short
Paradex PAXG-USD-PERP	+0.0099%	8h	4,313.1	−0.110%	$80K	$4.1M	50x	as long as short
Hyperliquid PAXG	+0.0100%	1h	4,313.9	−0.091%	$21.3M	$2.5M	10x	as long as short

Show all 29 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster PAXGUSDT	+0.0100%	4h	4,313.9	−0.090%	$901K	$46K	50x	as long as short
Pacifica PAXG	+0.0100%	1h	4,314.7	−0.072%	$1.0M	$330K	10x	as long as short
Binance PAXGUSDT	+0.0100%	4h	4,314.1	−0.087%	$80.1M	$80.4M	75x	as long as short
Bybit PAXGUSDT	+0.0100%	4h	4,313.8	−0.094%	$14.8M	$4.8M	75x	as long as short
MEXC PAXG_USDT	+0.0100%	4h	4,318.6	+0.019%	$16.4M	$1.2M	100x	as long as short
KuCoin PAXGUSDTMshort	+0.0100%	4h	4,315.1	−0.063%	$28.8M	$6.0M	30x
Bitget PAXGUSDT	+0.0100%	4h	4,314	−0.089%	$9.2M	$16.9M	50x	as long as short
BingX PAXG-USDT	+0.0100%	4h	4,314.1	−0.087%	—	$6.8M	—	as long as short
Backpack PAXG_USDC_PERP	+0.0100%	1h	4,313.9	−0.092%	$1.2M	$862K	50x	as long as short
Variational Omni PAXG	+0.0100%	4h	4,315.9	−0.045%	$12.2M	$278K	—	as long as short
GRVT PAXG_USDT_Perplong	+0.0100%	4h	4,317.8	long leg	$1.5M	$2.0M	10x
Orderly PERP_PAXG_USDC_mythos	+0.0100%	4h	4,312.1	−0.133%	$553	—	10x	as long as short
Phemex PAXGUSDT	+0.0100%	4h	4,313	−0.112%	$1.5M	$82K	50x	as long as short
Extended PAXG-USD	+0.0104%	1h	4,312.4	−0.126%	$375K	$2.1M	25x	as long as short
Hibachi PAXG/USDT-P	+0.0168%	1h	4,317.8	−0.002%	$45K	$178K	20x	as long as short
Reya PAXGRUSDPERP	+0.0189%	1h	4,311.2	−0.153%	$20K	—	100x	as long as short
Kraken Futures PF_PAXGUSD	+0.0264%	1h	4,313.7	−0.095%	$1.2M	$2.1M	20x	as long as short
Coinbase International PAXG-PERP-INTX	+0.0280%	1h	4,331.7	+0.321%	$933K	$1.0M	50x	as long as short
01 Exchange PAXGUSD	+0.0984%	1h	4,323.6	+0.134%	$29K	$24K	10x	as long as short