Funding you earn now, next payment 07:00 UTC−0.0044%/8h= −4.9% APRpaid last 24h +0.030%
Price spread now: Kraken Futures against HTX−0.052%7-day average −0.125% · you buy dearer than you sell
Net, funding: paid 7d − costs−$10as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$500.502% of the position
Funding, last 7 days+0.404%+$40 on $10k
+Price spread, last 4 days (all we have)−0.051%−$5 · spread now −0.052%, 7d avg −0.125%
=The price spread pays, funding is against you. Kraken Futures is 0.073% dearer against HTX than usual: you sell high and buy low (spread −0.052% now, against its 7-day average of −0.125%): +$7 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 5.5 days. Mind the row above: over the last 7 days funding on this pair paid +0.404%, 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 | HTX PAXG-USDT | 4,321.1 | 0 | get 0.0000% / 4h | 1h 32m | $904K | $771K | 75x |
| Short | Kraken Futures PF_PAXGUSD | 4,318.9 | −0.0044 | pay 0.0006% / 1h | 32m 14s | $1.2M | $1.9M | 20x |
HTX PAXG-USDT
Kraken Futures PF_PAXGUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against HTX. 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
- −$9.32
- Price spread: −0.052% → −0.125%
- $7.34
- Slippage, 4 orders
- −$28.18
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$52.16
- Costs to cover
- 0.502%
- Break-even
- never at this rate
Slippage from HTX: live order book, 11 min ago; Kraken Futures: live order book, 1 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 HTX live order book, 11 min ago | 1.41 bp | 21.3 bp −$21 | 23.3 bp −$233 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 1 min ago | 0.58 bp | 7.7 bp −$8 | 12.6 bp −$126 | 46.3 bp −$4,632 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter PAXG | −0.0184% | 1h | 4,315.5 | −0.129% | $1.4M | $465K | 25x | as long as short |
| Hibachi PAXG/USDT-P | −0.0160% | 1h | 4,318 | −0.072% | $44K | $168K | 20x | as long as short |
| GRVT PAXG_USDT_Perp | −0.0120% | 4h | 4,316.8 | −0.100% | $1.5M | $2.0M | 10x | as long as short |
| Kraken Futures PF_PAXGUSDshort | −0.0044% | 1h | 4,318.9 | −0.052% | $1.2M | $1.9M | 20x | |
| ApeX Omni PAXGUSDT | −0.0034% | 1h | 4,315.6 | −0.128% | $261K | $771K | 50x | as long as short |
| Extended PAXG-USD | −0.0008% | 1h | 4,316.2 | −0.113% | $378K | $625K | 25x | as long as short |
| MEXC PAXG_USDT | −0.0006% | 4h | 4,322.7 | +0.037% | $16.5M | $1.0M | 100x | as long as short |
| Binance PAXGUSDT | −0.0005% | 4h | 4,317.4 | −0.086% | $79.6M | $74.8M | 75x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,317.9 | −0.074% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,319.7 | −0.032% | $15.6M | $3.8M | 100x | as long as short |
Lighter PAXG
Hibachi PAXG/USDT-P
GRVT PAXG_USDT_Perp
ApeX Omni PAXGUSDT
Extended PAXG-USD
MEXC PAXG_USDT
Binance PAXGUSDT
dYdX PAXG-USD
Gate PAXG_USDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX PAXG-USDT | 0.0000% | 4h | 4,313.6 | −0.174% | $2K | $3.4M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,321.7 | +0.015% | $7.9M | $850K | 50x | as long as short |
| HTX PAXG-USDTlong | 0.0000% | 4h | 4,321.1 | long leg | $904K | $771K | 75x | |
| Aster PAXGUSDT | +0.0013% | 4h | 4,319.2 | −0.043% | $901K | $27K | 50x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.607% | $1K | $151K | 30x | as long as short |
| Paradex PAXG-USD-PERP | +0.0098% | 8h | 4,317.7 | −0.078% | $85K | $3.3M | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,316.2 | −0.113% | $554 | — | 10x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,317.8 | −0.076% | $20.7M | $2.4M | 10x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,319.3 | −0.042% | $1.0M | $316K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,317.9 | −0.073% | $14.9M | $4.0M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,320.1 | −0.024% | $28.6M | $5.3M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,317.5 | −0.083% | $9.4M | $16.4M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,318.3 | −0.065% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,317.9 | −0.073% | $1.3M | $814K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,317 | −0.095% | $12.2M | $221K | — | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,316 | −0.118% | $1.5M | $52K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,316.8 | −0.100% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0232% | 1h | 4,318.1 | −0.070% | $972K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0792% | 1h | 4,328.3 | +0.167% | $29K | $23K | 10x | as long as short |
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
Aster PAXGUSDT
Injective PAXG/USDC PERP
Paradex PAXG-USD-PERP
Orderly PERP_PAXG_USDC_mythos
Hyperliquid PAXG
Pacifica PAXG
Bybit PAXGUSDT
KuCoin PAXGUSDTM
Bitget PAXGUSDT
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
Phemex PAXGUSDT
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD