Funding you earn now, next payment 09:00 UTC+0.0105%/8h= +11.5% APRnext payment +$0.13 per $10,000 · paid last 24h −0.007%
Price spread now: Extended against Kraken Futures−0.058%7-day average −0.066% · you buy dearer than you sell
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$210.215% of the position
Funding, last 7 days−0.370%−$37 on $10k
+Price spread, last 4 days (all we have)−0.128%−$13 · spread now −0.058%, 7d avg −0.066%
=Together, before fees−0.498%+ Points / potential airdropExtended: Active · farm board−$50 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.066%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.370%, 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 | 4,305.3 | −0.0097 | get 0.0012% / 1h | 38m 46s | $1.2M | $1.7M | 20x |
| Short | Extended PAXG-USD | 4,302.8 | 0.0008 | get 0.0001% / 1h | 38m 46s | $374K | $1.6M | 25x |
Kraken Futures PF_PAXGUSD
Extended PAXG-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $22.03
- Price spread: −0.058% → −0.066%
- $0.78
- Slippage, 4 orders
- −$6.46
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- $1.36
- Costs to cover
- 0.215%
- Break-even
- 6.6 days
Slippage from Kraken Futures: live order book, 5 min ago; Extended: live order book, 5 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, 5 min ago | 0.58 bp | 6.9 bp −$7 | 12.3 bp −$123 | 37.0 bp −$3,703 | doesn't fit |
| Sell Extended live order book, 5 min ago | 0.12 bp | 2.7 bp −$3 | 4.1 bp −$41 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter PAXG | −0.0200% | 1h | 4,302.1 | −0.073% | $1.4M | $612K | 25x | as long as short |
| GRVT PAXG_USDT_Perp | −0.0182% | 4h | 4,302.2 | −0.072% | $1.5M | $1.9M | 10x | as long as short |
| Hibachi PAXG/USDT-P | −0.0176% | 1h | 4,303.9 | −0.031% | $42K | $172K | 20x | as long as short |
| Kraken Futures PF_PAXGUSDlong | −0.0097% | 1h | 4,305.3 | long leg | $1.2M | $1.7M | 20x | |
| dYdX PAXG-USD | 0.0000% | 1h | 4,306.2 | +0.022% | $100K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,306.2 | +0.021% | $15.6M | $3.8M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,300.2 | −0.119% | $2K | $3.2M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,308.4 | +0.071% | $7.9M | $599K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,308.8 | +0.082% | $904K | $818K | 75x | as long as short |
| Extended PAXG-USDshort | +0.0008% | 1h | 4,302.8 | −0.058% | $374K | $1.6M | 25x |
Lighter PAXG
GRVT PAXG_USDT_Perp
Hibachi PAXG/USDT-P
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC PAXG_USDT | +0.0010% | 4h | 4,311.9 | +0.154% | $16.8M | $1.2M | 100x | as long as short |
| Binance PAXGUSDT | +0.0012% | 4h | 4,304.2 | −0.025% | $80.1M | $79.8M | 75x | as long as short |
| Aster PAXGUSDT | +0.0024% | 4h | 4,303.8 | −0.034% | $899K | $33K | 50x | as long as short |
| Bitget PAXGUSDT | +0.0026% | 4h | 4,303.1 | −0.051% | $9.4M | $15.6M | 50x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.976% | $1K | $151K | 30x | as long as short |
| ApeX Omni PAXGUSDT | +0.0080% | 1h | 4,302.8 | −0.058% | $261K | $772K | 50x | as long as short |
| Paradex PAXG-USD-PERP | +0.0096% | 8h | 4,303.3 | −0.046% | $81K | $4.3M | 50x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,303.2 | −0.048% | $21.0M | $2.6M | 10x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,306.2 | +0.022% | $1.0M | $304K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,304.4 | −0.021% | $14.8M | $4.3M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,305.4 | +0.003% | $28.7M | $5.4M | 30x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,304.7 | −0.014% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,304.4 | −0.021% | $1.2M | $855K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,302.7 | −0.059% | $12.2M | $230K | — | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,303.7 | −0.037% | $552 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,304 | −0.030% | $1.5M | $67K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,303.7 | −0.037% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0232% | 1h | 4,309 | +0.086% | $934K | $1.0M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0816% | 1h | 4,315.2 | +0.230% | $29K | $23K | 10x | as long as short |
MEXC PAXG_USDT
Binance PAXGUSDT
Aster PAXGUSDT
Bitget 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