Funding you earn now, next payment 06:00 UTC+0.0202%/8h= +22.1% APRpaid last 24h −0.004%
Price spread now: KuCoin against Kraken Futures+0.042%7-day average +0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs−$64as in the Funding arb table
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$310.310% of the position
Funding, last 7 days−0.327%−$33 on $10k
+Price spread, last 4 days (all we have)−0.061%−$6 · spread now +0.042%, 7d avg +0.020%
=Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and KuCoin is 0.022% dearer against Kraken Futures than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.020%. Mind the row above: over the last 7 days funding on this pair cost −0.327%, 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 | 4,324.2 | −0.0102 | get 0.0013% / 1h | 2m 37s | $1.2M | $1.9M | 20x |
| Short | KuCoin PAXGUSDTM | 4,326 | 0.0100 | get 0.0050% / 4h | 2h 02m | $28.5M | $5.3M | 30x |
Kraken Futures PF_PAXGUSD
KuCoin PAXGUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $42.34
- Price spread: +0.042% → +0.020%
- $2.24
- Slippage, 4 orders
- −$9.04
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- $13.54
- Costs to cover
- 0.310%
- Break-even
- 4.8 days
Slippage from Kraken Futures: live order book, 1 min ago; KuCoin: live order book, 6 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, 1 min ago | 0.69 bp | 7.7 bp −$8 | 12.5 bp −$125 | 40.5 bp −$4,049 | doesn't fit |
| Sell KuCoin live order book, 6 min ago | 0.66 bp | 7.2 bp −$7 | 13.9 bp −$139 | 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 | −0.0136% | 1h | 4,322.6 | −0.037% | $1.4M | $392K | 25x | as long as short |
| Hibachi PAXG/USDT-P | −0.0112% | 1h | 4,326.4 | +0.052% | $42K | $165K | 20x | as long as short |
| Kraken Futures PF_PAXGUSDlong | −0.0102% | 1h | 4,324.2 | long leg | $1.2M | $1.9M | 20x | |
| GRVT PAXG_USDT_Perp | −0.0058% | 4h | 4,330.7 | +0.152% | $1.5M | $2.0M | 10x | as long as short |
| ApeX Omni PAXGUSDT | −0.0007% | 1h | 4,327.7 | +0.081% | $262K | $783K | 50x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,325.2 | +0.025% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,326.5 | +0.054% | $15.6M | $3.8M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,320.3 | −0.090% | $2K | $3.4M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,327.1 | +0.067% | $7.9M | $835K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,329.7 | +0.127% | $902K | $745K | 75x | as long as short |
Lighter PAXG
Hibachi PAXG/USDT-P
GRVT PAXG_USDT_Perp
ApeX Omni PAXGUSDT
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 | |
|---|---|---|---|---|---|---|---|---|
| Binance PAXGUSDT | +0.0012% | 4h | 4,324.1 | −0.001% | $79.7M | $74.3M | 75x | as long as short |
| MEXC PAXG_USDT | +0.0014% | 4h | 4,325.9 | +0.039% | $16.4M | $1.1M | 100x | as long as short |
| Extended PAXG-USD | +0.0016% | 1h | 4,322.7 | −0.035% | $376K | $1.4M | 25x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.535% | $1K | $151K | 30x | as long as short |
| Aster PAXGUSDT | +0.0037% | 4h | 4,326.5 | +0.055% | $903K | $27K | 50x | as long as short |
| Paradex PAXG-USD-PERP | +0.0097% | 8h | 4,324.5 | +0.008% | $81K | $3.2M | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,324.6 | +0.010% | $555 | — | 10x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,324.3 | +0.003% | $20.8M | $2.4M | 10x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,326.5 | +0.054% | $1.0M | $336K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,325 | +0.019% | $14.9M | $4.0M | 75x | as long as short |
| KuCoin PAXGUSDTMshort | +0.0100% | 4h | 4,326 | +0.042% | $28.5M | $5.3M | 30x | |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,323.5 | −0.015% | $9.3M | $16.1M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,325.9 | +0.039% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,323.7 | −0.012% | $1.3M | $811K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,330 | +0.134% | $12.3M | $221K | — | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,321 | −0.073% | $1.5M | $46K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,323.7 | −0.010% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0248% | 1h | 4,333.5 | +0.214% | $978K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0856% | 1h | 4,335.1 | +0.253% | $29K | $24K | 10x | as long as short |
Binance PAXGUSDT
MEXC PAXG_USDT
Extended PAXG-USD
Injective PAXG/USDC PERP
Aster PAXGUSDT
Paradex PAXG-USD-PERP
Orderly PERP_PAXG_USDC_mythos
Hyperliquid PAXG
Pacifica PAXG
Bybit PAXGUSDT
Bitget PAXGUSDT
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
Phemex PAXGUSDT
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD