Funding you earn now, next payment 12:00 UTC−0.0164%/8h= −17.9% APRpaid last 24h −0.004%
Price spread now: BingX against Kraken Futures+0.036%7-day average −0.004% · you sell dearer than you buy
Net, funding: paid 7d − costs−$56as in the Funding arb table
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$250.248% of the position
Funding, last 7 days−0.315%−$31 on $10k
+Price spread, last 4 days (all we have)−0.119%−$12 · spread now +0.036%, 7d avg −0.004%
=The price spread pays, funding is against you. BingX is 0.040% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.036% now, against its 7-day average of −0.004%): +$4 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 20 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_PAXGUSD | 4,313.4 | 0.0264 | pay 0.0033% / 1h | 50m 09s | $1.2M | $2.1M | 20x |
| Short | BingX PAXG-USDT | 4,314.9 | 0.0100 | get 0.0050% / 4h | 50m 09s | — | $6.8M | — |
Kraken Futures PF_PAXGUSD
BingX PAXG-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Kraken Futures. 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
- −$34.34
- Price spread: +0.036% → −0.004%
- $3.99
- Slippage, 4 orders
- −$4.76
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$55.11
- Costs to cover
- 0.248%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 1 min ago; BingX: live order book, just now.
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 Kraken Futures live order book, 1 min ago | 0.35 bp | 6.2 bp −$6 | 13.0 bp −$130 | 39.3 bp −$3,932 | doesn't fit |
| Sell BingX live order book, just now | 0.12 bp | 5.1 bp −$5 | 5.5 bp −$55 | 10.8 bp −$1,076 | 35.9 bp −$18.0K |
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 | −0.0104% | 1h | 4,311.6 | −0.041% | $1.4M | $495K | 25x | as long as short |
| dYdX PAXG-USD | −0.0003% | 1h | 4,316.5 | +0.073% | $116K | $16K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,315.4 | +0.047% | $15.6M | $3.9M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,309.5 | −0.090% | $2K | $2.6M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,317.7 | +0.101% | $7.9M | $204K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,319.7 | +0.147% | $910K | $825K | 75x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.787% | $1K | $151K | 30x | as long as short |
| ApeX Omni PAXGUSDT | +0.0047% | 1h | 4,318.9 | +0.129% | $261K | $798K | 50x | as long as short |
| Paradex PAXG-USD-PERP | +0.0099% | 8h | 4,314.5 | +0.027% | $80K | $4.2M | 50x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,313.1 | −0.006% | $21.3M | $2.5M | 10x | as long as short |
Lighter PAXG
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Injective PAXG/USDC PERP
ApeX Omni PAXGUSDT
Paradex PAXG-USD-PERP
Hyperliquid PAXGShow all 29 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster PAXGUSDT | +0.0100% | 4h | 4,314 | +0.014% | $901K | $44K | 50x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,317.4 | +0.093% | $1.0M | $330K | 10x | as long as short |
| Binance PAXGUSDT | +0.0100% | 4h | 4,313 | −0.008% | $80.1M | $80.3M | 75x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,314.1 | +0.016% | $14.8M | $4.8M | 75x | as long as short |
| MEXC PAXG_USDT | +0.0100% | 4h | 4,322.7 | +0.217% | $16.5M | $1.2M | 100x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,315.3 | +0.046% | $28.8M | $6.0M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,314.3 | +0.022% | $9.2M | $16.9M | 50x | as long as short |
| BingX PAXG-USDTshort | +0.0100% | 4h | 4,314.9 | +0.036% | — | $6.8M | — | |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,313.2 | −0.004% | $1.2M | $861K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,315.9 | +0.059% | $12.2M | $278K | — | as long as short |
| GRVT PAXG_USDT_Perp | +0.0100% | 4h | 4,319.8 | +0.148% | $1.5M | $2.0M | 10x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,316.1 | +0.063% | $554 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,312 | −0.032% | $1.5M | $82K | 50x | as long as short |
| Extended PAXG-USD | +0.0104% | 1h | 4,312.6 | −0.018% | $376K | $1.9M | 25x | as long as short |
| Hibachi PAXG/USDT-P | +0.0176% | 1h | 4,318 | +0.107% | $45K | $178K | 20x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,316.6 | +0.074% | $20K | — | 100x | as long as short |
| Kraken Futures PF_PAXGUSDlong | +0.0264% | 1h | 4,313.4 | long leg | $1.2M | $2.1M | 20x | |
| Coinbase International PAXG-PERP-INTX | +0.0280% | 1h | 4,331.7 | +0.425% | $933K | $1.0M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0976% | 1h | 4,327.5 | +0.328% | $29K | $23K | 10x | as long as short |
Aster PAXGUSDT
Pacifica PAXG
Binance PAXGUSDT
Bybit PAXGUSDT
MEXC PAXG_USDT
KuCoin PAXGUSDTM
Bitget PAXGUSDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
GRVT PAXG_USDT_Perp
Orderly PERP_PAXG_USDC_mythos
Phemex PAXGUSDT
Extended PAXG-USD
Hibachi PAXG/USDT-P
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD