Funding you earn now, next payment 09:00 UTC+0.0130%/8h= +14.2% APRnext payment +$0.16 per $10,000 · paid last 24h −0.029%
Price spread now: Injective against Kraken Futures+0.320%63s7-day average +0.084% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.415%−$41 on $10k
+Price spread, last 4 days (all we have)−0.292%−$29 · spread now +0.320%, 7d avg +0.084%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Injective is 0.236% dearer against Kraken Futures than usual: you sell high and buy low: +$24 more if the spread goes back to its 7-day average of +0.084%. Mind the row above: over the last 7 days funding on this pair cost −0.415%, so the current rate has only just turned in your favour. The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_PAXGUSD | 4,333.4 | −0.0096 | get 0.0012% / 1h | 2m 09s | $1.2M | $2.1M | 20x |
| Short | Injective PAXG/USDC PERP | 4,347.3 | 0.0033 | get 0.0004% / 1h | 2m 09s | $1K | $151K | 30x |
Kraken Futures PF_PAXGUSD
Injective PAXG/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- $27.22
- Price spread: +0.320% → +0.084%
- $23.6
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $40.8
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Kraken Futures: live order book, 1 min ago; Injective: no order-book sample. Net counts fees only.
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 | 0.69 bp | 9.2 bp −$9 | 15.6 bp −$156 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.028% | $115K | $15K | 5x | as long as short |
| Lighter PAXG | −0.0136% | 1h | 4,330.2 | −0.074% | $1.4M | $636K | 25x | as long as short |
| Kraken Futures PF_PAXGUSDlong | −0.0096% | 1h | 4,333.4 | long leg | $1.2M | $2.1M | 20x | |
| GRVT PAXG_USDT_Perp | −0.0078% | 4h | 4,331.9 | −0.035% | $1.5M | $2.0M | 10x | as long as short |
| Hibachi PAXG/USDT-P | −0.0040% | 1h | 4,332.5 | −0.021% | $47K | $186K | 20x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,334.9 | +0.034% | $15.7M | $4.1M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,328.4 | −0.116% | $2K | $3.1M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,336.4 | +0.068% | $7.9M | $428K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,335.9 | +0.056% | $910K | $819K | 75x | as long as short |
| Extended PAXG-USD | +0.0016% | 1h | 4,331 | −0.055% | $375K | $1.5M | 25x | as long as short |
dYdX PAXG-USD
Lighter PAXG
GRVT PAXG_USDT_Perp
Hibachi PAXG/USDT-P
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
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 | +0.051% | $16.7M | $1.2M | 100x | as long as short |
| Binance PAXGUSDT | +0.0018% | 4h | 4,331.9 | −0.035% | $80.3M | $81.9M | 75x | as long as short |
| Bitget PAXGUSDT | +0.0020% | 4h | 4,332.4 | −0.024% | $9.2M | $16.4M | 50x | as long as short |
| ApeX Omni PAXGUSDT | +0.0030% | 1h | 4,330.4 | −0.070% | $262K | $806K | 50x | as long as short |
| Injective PAXG/USDC PERPshort | +0.0033% | 1h | 4,347.3 | +0.320% | $1K | $151K | 30x | |
| Aster PAXGUSDT | +0.0035% | 4h | 4,332.8 | −0.014% | $907K | $38K | 50x | as long as short |
| Hyperliquid PAXG | +0.0076% | 1h | 4,332.1 | −0.030% | $21.3M | $2.6M | 10x | as long as short |
| Paradex PAXG-USD-PERP | +0.0086% | 8h | 4,331.4 | −0.047% | $80K | $4.4M | 50x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,334.2 | +0.018% | $1.0M | $308K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,331.9 | −0.034% | $15.0M | $4.6M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,334.9 | +0.035% | $28.9M | $5.5M | 30x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,332.9 | −0.011% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,332.4 | −0.023% | $1.2M | $857K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,331.7 | −0.039% | $12.2M | $291K | — | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,332.2 | −0.028% | $556 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,326 | −0.171% | $1.5M | $80K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,330.9 | −0.058% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0232% | 1h | 4,334 | +0.013% | $935K | $1.0M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.1232% | 1h | 4,388.8 | +1.278% | $29K | $24K | 10x | as long as short |
MEXC PAXG_USDT
Binance PAXGUSDT
Bitget PAXGUSDT
ApeX Omni PAXGUSDT
Aster PAXGUSDT
Hyperliquid PAXG
Paradex PAXG-USD-PERP
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