Funding you earn now, next payment 09:00 UTC+0.0097%/8h= +10.6% APRpaid last 24h −0.033%
Price spread now: SunX against Kraken Futures−0.146%7-day average −0.126% · you buy dearer than you sell
Net, funding: paid 7d − costs−$132as in the Funding arb table
Net, price: spread back to 7d avg − costs−$82as in the Price arb table
costs, in and out, $10k−$800.796% of the position
Funding, last 7 days−0.524%−$52 on $10k
+Price spread, last 4 days (all we have)+0.020%+$2 · spread now −0.146%, 7d avg −0.126%
=The price spread sits at its 7-day average of −0.126%, 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 −0.524%, 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 | 4,301.2 | −0.0097 | get 0.0012% / 1h | 29m 49s | $1.2M | $1.8M | 20x |
| Short | SunX PAXG-USDT | 4,295 | 0 | get 0.0000% / 4h | 3h 29m | $2K | $3.2M | 20x |
Kraken Futures PF_PAXGUSD
SunX PAXG-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- $20.37
- Price spread: −0.146% → −0.126%
- −$1.96
- Slippage, 4 orders
- −$61.64
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$61.23
- Costs to cover
- 0.796%
- Break-even
- 28.0 days
Slippage from Kraken Futures: live order book, 4 min ago; SunX: live order book, 8 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 | 0.47 bp | 7.5 bp −$7 | 12.1 bp −$121 | 36.6 bp −$3,665 | doesn't fit |
| Sell SunX live order book, 8 min ago | 21.54 bp | 25.5 bp −$26 | 55.1 bp −$551 | 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 | −0.0184% | 1h | 4,297.7 | −0.083% | $1.4M | $620K | 25x | as long as short |
| Hibachi PAXG/USDT-P | −0.0176% | 1h | 4,302.9 | +0.037% | $42K | $175K | 20x | as long as short |
| GRVT PAXG_USDT_Perp | −0.0144% | 4h | 4,304.1 | +0.067% | $1.5M | $1.9M | 10x | as long as short |
| Kraken Futures PF_PAXGUSDlong | −0.0097% | 1h | 4,301.2 | long leg | $1.2M | $1.8M | 20x | |
| dYdX PAXG-USD | −0.0012% | 1h | 4,302.6 | +0.030% | $100K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,302.9 | +0.038% | $15.6M | $3.8M | 100x | as long as short |
| SunX PAXG-USDTshort | 0.0000% | 4h | 4,295 | −0.146% | $2K | $3.2M | 20x | |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,303.3 | +0.048% | $7.9M | $600K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,307.7 | +0.149% | $905K | $822K | 75x | as long as short |
| MEXC PAXG_USDT | +0.0012% | 4h | 4,308.9 | +0.179% | $16.8M | $1.2M | 100x | as long as short |
Lighter PAXG
Hibachi PAXG/USDT-P
GRVT PAXG_USDT_Perp
dYdX PAXG-USD
Gate 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 | 4,301.4 | +0.004% | $80.1M | $80.2M | 75x | as long as short |
| Extended PAXG-USD | +0.0016% | 1h | 4,300.1 | −0.027% | $373K | $1.5M | 25x | as long as short |
| Bitget PAXGUSDT | +0.0026% | 4h | 4,302.2 | +0.022% | $9.4M | $15.7M | 50x | as long as short |
| Aster PAXGUSDT | +0.0028% | 4h | 4,301.3 | +0.001% | $898K | $36K | 50x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +1.071% | $1K | $151K | 30x | as long as short |
| ApeX Omni PAXGUSDT | +0.0061% | 1h | 4,301.7 | +0.011% | $261K | $772K | 50x | as long as short |
| Paradex PAXG-USD-PERP | +0.0096% | 8h | 4,298.9 | −0.055% | $81K | $4.4M | 50x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,300.2 | −0.024% | $21.0M | $2.6M | 10x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,302.3 | +0.024% | $1.0M | $304K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,302.2 | +0.022% | $14.8M | $4.3M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,302.7 | +0.035% | $28.6M | $5.4M | 30x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,302.4 | +0.026% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,300.9 | −0.007% | $1.2M | $859K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,301.7 | +0.011% | $12.2M | $230K | — | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,299.3 | −0.045% | $552 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,301 | −0.006% | $1.5M | $67K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,298.5 | −0.063% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0232% | 1h | 4,309.3 | +0.187% | $933K | $1.0M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0840% | 1h | 4,310.7 | +0.220% | $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