Funding you earn now, next payment 09:00 UTC+0.0084%/8h= +9.3% APRnext payment +$0.11 per $10,000 · paid last 24h −0.041%
Price spread now: dYdX against Kraken Futures+0.050%7-day average −0.017% · you sell dearer than you buy
Net, funding: paid 7d − costs−$105as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$480.481% of the position
Funding, last 7 days−0.569%−$57 on $10k
+Price spread, last 4 days (all we have)−0.180%−$18 · spread now +0.050%, 7d avg −0.017%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and dYdX is 0.068% dearer against Kraken Futures than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.017%. Mind the row above: over the last 7 days funding on this pair cost −0.569%, 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 | 4,304.1 | −0.0097 | get 0.0012% / 1h | 30m 41s | $1.2M | $1.7M | 20x |
| Short | dYdX PAXG-USD | 4,306.3 | −0.0012 | pay 0.0002% / 1h | 30m 41s | $100K | $12K | 5x |
Kraken Futures PF_PAXGUSD
dYdX PAXG-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX 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
- $17.74
- Price spread: +0.050% → −0.017%
- $6.76
- Slippage, 4 orders
- −$28.13
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$23.63
- Costs to cover
- 0.481%
- Break-even
- 16.3 days
Slippage from Kraken Futures: live order book, 3 min ago; dYdX: live order book, 3 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, 3 min ago | 0.47 bp | 7.5 bp −$7 | 12.1 bp −$121 | 36.6 bp −$3,665 | doesn't fit |
| Sell dYdX live order book, 3 min ago | 10.47 bp | 15.5 bp −$15 | 33.9 bp −$339 | 153.1 bp −$15.3K | 720.2 bp −$360.1K |
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 | 4,298.5 | −0.129% | $1.4M | $620K | 25x | as long as short |
| Hibachi PAXG/USDT-P | −0.0176% | 1h | 4,303.3 | −0.018% | $41K | $174K | 20x | as long as short |
| GRVT PAXG_USDT_Perp | −0.0144% | 4h | 4,304.1 | +0.001% | $1.5M | $1.9M | 10x | as long as short |
| Kraken Futures PF_PAXGUSDlong | −0.0097% | 1h | 4,304.1 | long leg | $1.2M | $1.7M | 20x | |
| dYdX PAXG-USDshort | −0.0012% | 1h | 4,306.3 | +0.050% | $100K | $12K | 5x | |
| Gate PAXG_USDT | 0.0000% | 8h | 4,302.5 | −0.037% | $15.6M | $3.8M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,298.5 | −0.130% | $2K | $3.2M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,307.1 | +0.070% | $7.9M | $599K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,309.5 | +0.125% | $904K | $819K | 75x | as long as short |
| MEXC PAXG_USDT | +0.0012% | 4h | 4,308.9 | +0.111% | $16.8M | $1.2M | 100x | as long as short |
Lighter PAXG
Hibachi PAXG/USDT-P
GRVT PAXG_USDT_Perp
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
MEXC PAXG_USDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance PAXGUSDT | +0.0013% | 4h | 4,299.2 | −0.115% | $80.0M | $79.9M | 75x | as long as short |
| Extended PAXG-USD | +0.0016% | 1h | 4,299 | −0.117% | $374K | $1.5M | 25x | as long as short |
| Bitget PAXGUSDT | +0.0026% | 4h | 4,299.6 | −0.106% | $9.4M | $15.7M | 50x | as long as short |
| Aster PAXGUSDT | +0.0028% | 4h | 4,300 | −0.095% | $898K | $36K | 50x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +1.004% | $1K | $151K | 30x | as long as short |
| ApeX Omni PAXGUSDT | +0.0061% | 1h | 4,301.7 | −0.055% | $261K | $772K | 50x | as long as short |
| Paradex PAXG-USD-PERP | +0.0096% | 8h | 4,298.9 | −0.121% | $81K | $4.4M | 50x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,300.9 | −0.074% | $21.0M | $2.6M | 10x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,302.3 | −0.042% | $1.0M | $304K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,299.3 | −0.110% | $14.8M | $4.3M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,302.4 | −0.040% | $28.6M | $5.4M | 30x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,301.6 | −0.059% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,302.6 | −0.036% | $1.2M | $859K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,301.7 | −0.055% | $12.2M | $230K | — | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,302.6 | −0.035% | $552 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,304 | −0.002% | $1.5M | $67K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,301.8 | −0.053% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0232% | 1h | 4,309.3 | +0.121% | $933K | $1.0M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0840% | 1h | 4,310.7 | +0.154% | $29K | $23K | 10x | as long as short |
Binance PAXGUSDT
Extended PAXG-USD
Bitget PAXGUSDT
Aster PAXGUSDT
Injective PAXG/USDC PERP
ApeX Omni PAXGUSDT
Paradex PAXG-USD-PERP
Hyperliquid PAXG
Pacifica PAXG
Bybit PAXGUSDT
KuCoin PAXGUSDTM
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