Funding you earn now, next payment 09:00 UTC+0.0937%/8h= +102.6% APRnext payment +$1.17 per $10,000 · paid last 24h +0.232%
Price spread now: 01 Exchange against Kraken Futures+0.252%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$28 a day on $10k at the current rate, and 01 Exchange is 0.252% dearer against Kraken Futures than usual: you sell high and buy low: +$25 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_PAXGUSD | 4,303.6 | −0.0097 | get 0.0012% / 1h | 32m 44s | $1.2M | $1.7M | 20x |
| Short | 01 Exchange PAXGUSD | 4,314.5 | 0.0840 | get 0.0105% / 1h | 32m 44s | $29K | $23K | 10x |
Kraken Futures PF_PAXGUSD
01 Exchange PAXGUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
01 Exchange 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
- $196.76
- Price spread: +0.252% → 0.000%
- $25.25
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Net
- $205.01
- Costs to cover
- 0.170%
- Break-even
- from the start
Slippage unknown: Kraken Futures: live order book, 6 min ago; 01 Exchange: 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, 6 min ago | 0.70 bp | 7.3 bp −$7 | 10.0 bp −$100 | 35.4 bp −$3,542 | doesn't fit |
| Sell 01 Exchange no order-book sample | — | — | — | — | — |
01 Exchange: 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter PAXG | −0.0176% | 1h | 4,301.3 | −0.054% | $1.4M | $618K | 25x | as long as short |
| Hibachi PAXG/USDT-P | −0.0176% | 1h | 4,304 | +0.009% | $42K | $172K | 20x | as long as short |
| GRVT PAXG_USDT_Perp | −0.0144% | 4h | 4,304.1 | +0.011% | $1.5M | $1.9M | 10x | as long as short |
| Kraken Futures PF_PAXGUSDlong | −0.0097% | 1h | 4,303.6 | long leg | $1.2M | $1.7M | 20x | |
| dYdX PAXG-USD | −0.0013% | 1h | 4,306.3 | +0.061% | $100K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,305 | +0.032% | $15.6M | $3.8M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,298.3 | −0.124% | $2K | $3.2M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,306.7 | +0.071% | $7.9M | $599K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,308.1 | +0.103% | $904K | $819K | 75x | as long as short |
| MEXC PAXG_USDT | +0.0012% | 4h | 4,309.9 | +0.147% | $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
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 | +0.0012% | 4h | 4,303.3 | −0.007% | $80.1M | $80.0M | 75x | as long as short |
| Extended PAXG-USD | +0.0016% | 1h | 4,301 | −0.060% | $374K | $1.5M | 25x | as long as short |
| Bitget PAXGUSDT | +0.0026% | 4h | 4,302.6 | −0.023% | $9.4M | $15.7M | 50x | as long as short |
| Aster PAXGUSDT | +0.0026% | 4h | 4,303.4 | −0.005% | $899K | $34K | 50x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +1.015% | $1K | $151K | 30x | as long as short |
| ApeX Omni PAXGUSDT | +0.0075% | 1h | 4,303 | −0.016% | $261K | $772K | 50x | as long as short |
| Paradex PAXG-USD-PERP | +0.0097% | 8h | 4,301.8 | −0.042% | $81K | $4.4M | 50x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,302.5 | −0.026% | $21.0M | $2.6M | 10x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,304.1 | +0.011% | $1.0M | $304K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,303.7 | +0.002% | $14.8M | $4.3M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,304.2 | +0.014% | $28.6M | $5.4M | 30x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,303.5 | −0.003% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,302.5 | −0.026% | $1.2M | $859K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,302.4 | −0.028% | $12.2M | $230K | — | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,302.6 | −0.024% | $552 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,303 | −0.015% | $1.5M | $67K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,302.2 | −0.032% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0232% | 1h | 4,309.3 | +0.131% | $933K | $1.0M | 50x | as long as short |
| 01 Exchange PAXGUSDshort | +0.0840% | 1h | 4,314.5 | +0.252% | $29K | $23K | 10x |
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