Funding you earn now, next payment 06:00 UTC+0.0201%/8h= +22.0% APRpaid last 24h −0.004%
Price spread now: Bybit against Kraken Futures+0.012%7-day average −0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs−$63as in the Funding arb table
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$300.296% of the position
Funding, last 7 days−0.333%−$33 on $10k
+Price spread, last 4 days (all we have)−0.087%−$9 · spread now +0.012%, 7d avg −0.008%
=The price spread sits at its 7-day average of −0.008%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.333%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_PAXGUSD | 4,341.3 | −0.0101 | get 0.0013% / 1h | 54m 38s | $1.3M | $1.5M | 20x |
| Short | Bybit PAXGUSDT | 4,341.8 | 0.0100 | get 0.0050% / 4h | 2h 54m | $14.9M | $3.8M | 75x |
Kraken Futures PF_PAXGUSD
Bybit PAXGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $42.25
- Price spread: +0.012% → −0.008%
- $1.95
- Slippage, 4 orders
- −$8.64
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $14.57
- Costs to cover
- 0.296%
- Break-even
- 4.6 days
Slippage from Kraken Futures: live order book, 4 min ago; Bybit: 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 Kraken Futures live order book, 4 min ago | 0.58 bp | 6.3 bp −$6 | 8.6 bp −$86 | 36.1 bp −$3,611 | doesn't fit |
| Sell Bybit live order book, 4 min ago | 0.12 bp | 8.4 bp −$8 | 11.0 bp −$110 | 28.7 bp −$2,873 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hibachi PAXG/USDT-P | −0.0208% | 1h | 4,341.7 | +0.009% | $46K | $158K | 20x | as long as short |
| Lighter PAXG | −0.0112% | 1h | 4,339.1 | −0.051% | $1.4M | $365K | 25x | as long as short |
| Kraken Futures PF_PAXGUSDlong | −0.0101% | 1h | 4,341.3 | long leg | $1.3M | $1.5M | 20x | |
| ApeX Omni PAXGUSDT | −0.0033% | 1h | 4,339.6 | −0.038% | $262K | $785K | 50x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,341.9 | +0.013% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,342.9 | +0.037% | $15.6M | $3.3M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,337.9 | −0.077% | $2K | $3.5M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,344.3 | +0.070% | $7.9M | $843K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,342 | +0.017% | $905K | $691K | 75x | as long as short |
| GRVT PAXG_USDT_Perp | +0.0004% | 4h | 4,340.2 | −0.025% | $1.5M | $1.9M | 10x | as long as short |
Hibachi PAXG/USDT-P
Lighter PAXG
ApeX Omni PAXGUSDT
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
GRVT PAXG_USDT_PerpShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended PAXG-USD | +0.0032% | 1h | 4,339.8 | −0.034% | $379K | $1.4M | 25x | as long as short |
| MEXC PAXG_USDT | +0.0032% | 4h | 4,342.2 | +0.021% | $16.2M | $1.0M | 100x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.138% | $1K | $151K | 30x | as long as short |
| Binance PAXGUSDT | +0.0035% | 4h | 4,340.7 | −0.015% | $80.1M | $70.4M | 75x | as long as short |
| Aster PAXGUSDT | +0.0073% | 4h | 4,339.8 | −0.034% | $905K | $26K | 50x | as long as short |
| Hyperliquid PAXG | +0.0085% | 1h | 4,340.7 | −0.014% | $20.8M | $2.3M | 10x | as long as short |
| Paradex PAXG-USD-PERP | +0.0099% | 8h | 4,341.3 | +0.001% | $81K | $3.4M | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,339.2 | −0.048% | $557 | — | 10x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,342 | +0.016% | $1.0M | $343K | 10x | as long as short |
| Bybit PAXGUSDTshort | +0.0100% | 4h | 4,341.8 | +0.012% | $14.9M | $3.8M | 75x | |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,343.4 | +0.048% | $28.6M | $5.2M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,341.1 | −0.004% | $9.7M | $15.3M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,341.2 | −0.001% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,340.6 | −0.015% | $1.3M | $798K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,340.8 | −0.011% | $12.3M | $222K | — | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,337 | −0.099% | $1.5M | $39K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,340.1 | −0.027% | $21K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0248% | 1h | 4,342.3 | +0.024% | $955K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0776% | 1h | 4,351.9 | +0.244% | $29K | $24K | 10x | as long as short |
Extended PAXG-USD
MEXC PAXG_USDT
Injective PAXG/USDC PERP
Binance PAXGUSDT
Aster PAXGUSDT
Hyperliquid PAXG
Paradex PAXG-USD-PERP
Orderly PERP_PAXG_USDC_mythos
Pacifica PAXG
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