Funding you earn now, next payment 12:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.50 per $10,000 · paid last 24h +0.030%
Price spread now: KuCoin against HTX−0.032%7-day average −0.104% · you buy dearer than you sell
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$500.497% of the position
Funding, last 7 days+0.089%+$9 on $10k
+Price spread, last 4 days (all we have)−0.195%−$20 · spread now −0.032%, 7d avg −0.104%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.072% dearer against HTX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.104%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX PAXG-USDT | 4,335.9 | 0 | get 0.0000% / 4h | 3h 02m | $910K | $819K | 75x |
| Short | KuCoin PAXGUSDTM | 4,334.5 | 0.0100 | get 0.0050% / 4h | 3h 02m | $28.9M | $5.5M | 30x |
HTX PAXG-USDT
KuCoin PAXGUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $21
- Price spread: −0.032% → −0.104%
- $7.22
- Slippage, 4 orders
- −$25.74
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$21.51
- Costs to cover
- 0.497%
- Break-even
- 14.2 days
Slippage from HTX: live order book, 32 min ago; KuCoin: live order book, 7 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, 32 min ago | 1.00 bp | 16.4 bp −$16 | 19.1 bp −$191 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 7 min ago | 0.21 bp | 7.7 bp −$8 | 15.4 bp −$154 | 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 | −0.0248% | 1h | 4,332.2 | −0.084% | $115K | $15K | 5x | as long as short |
| Lighter PAXG | −0.0136% | 1h | 4,330.2 | −0.130% | $1.4M | $636K | 25x | as long as short |
| Kraken Futures PF_PAXGUSD | −0.0096% | 1h | 4,333.4 | −0.056% | $1.2M | $2.1M | 20x | as long as short |
| GRVT PAXG_USDT_Perp | −0.0078% | 4h | 4,331.9 | −0.091% | $1.5M | $2.0M | 10x | as long as short |
| Hibachi PAXG/USDT-P | −0.0040% | 1h | 4,332.5 | −0.077% | $47K | $186K | 20x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,334.4 | −0.034% | $15.7M | $4.1M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,328.4 | −0.173% | $2K | $3.1M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,336.4 | +0.012% | $7.9M | $428K | 50x | as long as short |
| HTX PAXG-USDTlong | 0.0000% | 4h | 4,335.9 | long leg | $910K | $819K | 75x | |
| Extended PAXG-USD | +0.0016% | 1h | 4,331 | −0.112% | $375K | $1.5M | 25x | as long as short |
dYdX PAXG-USD
Lighter PAXG
Kraken Futures PF_PAXGUSD
GRVT PAXG_USDT_Perp
Hibachi PAXG/USDT-P
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
Extended PAXG-USDShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC PAXG_USDT | +0.0016% | 4h | 4,335.6 | −0.006% | $16.7M | $1.2M | 100x | as long as short |
| Binance PAXGUSDT | +0.0018% | 4h | 4,331.9 | −0.092% | $80.3M | $81.9M | 75x | as long as short |
| Bitget PAXGUSDT | +0.0020% | 4h | 4,332 | −0.089% | $9.2M | $16.4M | 50x | as long as short |
| ApeX Omni PAXGUSDT | +0.0030% | 1h | 4,330.4 | −0.126% | $262K | $806K | 50x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.264% | $1K | $151K | 30x | as long as short |
| Aster PAXGUSDT | +0.0035% | 4h | 4,332.8 | −0.070% | $907K | $38K | 50x | as long as short |
| Hyperliquid PAXG | +0.0076% | 1h | 4,331.5 | −0.101% | $21.3M | $2.6M | 10x | as long as short |
| Paradex PAXG-USD-PERP | +0.0086% | 8h | 4,331.4 | −0.104% | $80K | $4.4M | 50x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,334.2 | −0.039% | $1.0M | $308K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,331.9 | −0.091% | $15.0M | $4.6M | 75x | as long as short |
| KuCoin PAXGUSDTMshort | +0.0100% | 4h | 4,334.5 | −0.032% | $28.9M | $5.5M | 30x | |
| BingX PAXG-USDT | +0.0100% | 4h | 4,332.9 | −0.068% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,332.1 | −0.087% | $1.2M | $857K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,331.7 | −0.095% | $12.2M | $291K | — | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,332.2 | −0.084% | $556 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,326 | −0.227% | $1.5M | $80K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,330.9 | −0.114% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0232% | 1h | 4,334 | −0.043% | $935K | $1.0M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.1232% | 1h | 4,388.8 | +1.221% | $29K | $24K | 10x | as long as short |
MEXC PAXG_USDT
Binance PAXGUSDT
Bitget PAXGUSDT
ApeX Omni PAXGUSDT
Injective PAXG/USDC PERP
Aster PAXGUSDT
Hyperliquid PAXG
Paradex PAXG-USD-PERP
Pacifica PAXG
Bybit PAXGUSDT
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