Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Backpack against KuCoin−0.036%7-day average −0.025% · you buy dearer than you sell
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$270.273% of the position
Funding, last 7 days−0.001%$0 on $10k
+Price spread, last 7 days−0.154%−$15 · spread now −0.036%, 7d avg −0.025%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin PAXGUSDTM | 4,336.4 | 0.0100 | pay 0.0050% / 4h | 3h 55m | $28.6M | $5.3M | 30x |
| Short | Backpack PAXG_USDC_PERP | 4,334.9 | 0.0100 | get 0.0013% / 1h | 55m 02s | $1.3M | $801K | 50x |
KuCoin PAXGUSDTM
Backpack PAXG_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against KuCoin. 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
- $0
- Price spread: −0.036% → −0.025%
- −$1.02
- Slippage, 4 orders
- −$5.26
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$28.28
- Costs to cover
- 0.273%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 4 min ago; Backpack: live order book, 4 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 KuCoin live order book, 4 min ago | 0.46 bp | 8.4 bp −$8 | 26.7 bp −$267 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 4 min ago | 0.01 bp | 5.7 bp −$6 | 7.9 bp −$79 | 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 | |
|---|---|---|---|---|---|---|---|---|
| GRVT PAXG_USDT_Perp | −0.0296% | 4h | 4,334.9 | −0.035% | $1.5M | $1.9M | 10x | as long as short |
| ApeX Omni PAXGUSDT | −0.0248% | 1h | 4,334.4 | −0.046% | $262K | $788K | 50x | as long as short |
| Lighter PAXG | −0.0168% | 1h | 4,332.2 | −0.097% | $1.4M | $362K | 25x | as long as short |
| Hibachi PAXG/USDT-P | −0.0144% | 1h | 4,334.9 | −0.035% | $42K | $155K | 20x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,338.4 | +0.045% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,335.9 | −0.011% | $15.6M | $3.3M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,327.8 | −0.198% | $2K | $3.6M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,336.9 | +0.013% | $7.9M | $868K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,341.3 | +0.113% | $903K | $684K | 75x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.252% | $1K | $151K | 30x | as long as short |
GRVT PAXG_USDT_Perp
ApeX Omni PAXGUSDT
Lighter PAXG
Hibachi PAXG/USDT-P
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Injective PAXG/USDC PERPShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_PAXGUSD | +0.0065% | 1h | 4,334.1 | −0.054% | $1.3M | $1.4M | 20x | as long as short |
| Binance PAXGUSDT | +0.0085% | 4h | 4,334.1 | −0.054% | $80.0M | $71.2M | 75x | as long as short |
| Extended PAXG-USD | +0.0088% | 1h | 4,332.8 | −0.082% | $378K | $1.4M | 25x | as long as short |
| MEXC PAXG_USDT | +0.0088% | 4h | 4,337.4 | +0.024% | $16.1M | $1.0M | 100x | as long as short |
| Paradex PAXG-USD-PERP | +0.0100% | 8h | 4,333.6 | −0.065% | $81K | $3.7M | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,334.6 | −0.041% | $556 | — | 10x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,334.6 | −0.041% | $20.7M | $2.4M | 10x | as long as short |
| Aster PAXGUSDT | +0.0100% | 4h | 4,333.1 | −0.076% | $904K | $27K | 50x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,335.5 | −0.021% | $1.0M | $338K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,334.9 | −0.034% | $14.9M | $3.9M | 75x | as long as short |
| KuCoin PAXGUSDTMlong | +0.0100% | 4h | 4,336.4 | long leg | $28.6M | $5.3M | 30x | |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,335.4 | −0.023% | $9.7M | $15.1M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,335 | −0.032% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERPshort | +0.0100% | 1h | 4,334.9 | −0.036% | $1.3M | $801K | 50x | |
| Variational Omni PAXG | +0.0100% | 4h | 4,334.1 | −0.053% | $12.3M | $227K | — | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,332 | −0.101% | $1.5M | $40K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,333.1 | −0.075% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0296% | 1h | 4,341 | +0.107% | $988K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.1008% | 1h | 4,344 | +0.175% | $29K | $23K | 10x | as long as short |
Kraken Futures PF_PAXGUSD
Binance PAXGUSDT
Extended PAXG-USD
MEXC PAXG_USDT
Paradex PAXG-USD-PERP
Orderly PERP_PAXG_USDC_mythos
Hyperliquid PAXG
Aster PAXGUSDT
Pacifica PAXG
Bybit PAXGUSDT
Bitget PAXGUSDT
BingX PAXG-USDT
Variational Omni PAXG
Phemex PAXGUSDT
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD