Funding you earn now, next payment 09:00 UTC−0.0123%/8h= −13.5% APRpaid last 24h −0.038%
Price spread now: dYdX against KuCoin−0.153%47s7-day average −0.038% · you buy dearer than you sell
Net, funding: paid 7d − costs−$74as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$490.488% of the position
Funding, last 7 days−0.256%−$26 on $10k
+Price spread, last 4 days (all we have)+0.207%+$21 · spread now −0.153%, 7d avg −0.038%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and dYdX is 0.115% cheaper against KuCoin than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.038%). Swap the legs. The two prices were read 47 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 | KuCoin PAXGUSDTM | 4,308.1 | 0.0100 | pay 0.0050% / 4h | 3h 21m | $28.7M | $5.4M | 30x |
| Short | dYdX PAXG-USD | 4,301.5 | −0.0023 | pay 0.0003% / 1h | 21m 56s | $100K | $12K | 5x |
KuCoin PAXGUSDTM
dYdX PAXG-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX 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
- −$25.84
- Price spread: −0.153% → −0.038%
- −$11.53
- Slippage, 4 orders
- −$26.77
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$86.14
- Costs to cover
- 0.488%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 7 min ago; dYdX: live order book, 12 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, 7 min ago | 0.01 bp | 8.7 bp −$9 | 23.4 bp −$234 | doesn't fit | doesn't fit |
| Sell dYdX live order book, 12 min ago | 10.47 bp | 15.5 bp −$15 | 33.9 bp −$339 | 153.1 bp −$15.3K | 720.2 bp −$360.1K |
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 | 4,303.6 | −0.104% | $1.4M | $626K | 25x | as long as short |
| Hibachi PAXG/USDT-P | −0.0176% | 1h | 4,302.4 | −0.133% | $40K | $184K | 20x | as long as short |
| GRVT PAXG_USDT_Perp | −0.0154% | 4h | 4,295.1 | −0.302% | $1.5M | $1.9M | 10x | as long as short |
| Kraken Futures PF_PAXGUSD | −0.0097% | 1h | 4,306.5 | −0.037% | $1.2M | $2.0M | 20x | as long as short |
| dYdX PAXG-USDshort | −0.0023% | 1h | 4,301.5 | −0.153% | $100K | $12K | 5x | |
| Gate PAXG_USDT | 0.0000% | 8h | 4,307.6 | −0.011% | $15.6M | $4.0M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,301 | −0.163% | $2K | $3.2M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,309.3 | +0.029% | $7.9M | $613K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,308.3 | +0.004% | $905K | $834K | 75x | as long as short |
| Binance PAXGUSDT | +0.0006% | 4h | 4,306.7 | −0.033% | $80.1M | $81.1M | 75x | as long as short |
Lighter PAXG
Hibachi PAXG/USDT-P
GRVT PAXG_USDT_Perp
Kraken Futures PF_PAXGUSD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Binance PAXGUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC PAXG_USDT | +0.0006% | 4h | 4,313 | +0.114% | $16.7M | $1.2M | 100x | as long as short |
| Extended PAXG-USD | +0.0008% | 1h | 4,305.5 | −0.060% | $373K | $1.5M | 25x | as long as short |
| Bitget PAXGUSDT | +0.0016% | 4h | 4,306.5 | −0.037% | $9.5M | $16.1M | 50x | as long as short |
| Aster PAXGUSDT | +0.0022% | 4h | 4,306.7 | −0.033% | $901K | $37K | 50x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.911% | $1K | $151K | 30x | as long as short |
| ApeX Omni PAXGUSDT | +0.0036% | 1h | 4,296.7 | −0.264% | $260K | $772K | 50x | as long as short |
| Hyperliquid PAXG | +0.0080% | 1h | 4,304.7 | −0.078% | $21.1M | $2.7M | 10x | as long as short |
| Paradex PAXG-USD-PERP | +0.0085% | 8h | 4,304.6 | −0.080% | $81K | $4.4M | 50x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,306 | −0.048% | $1.0M | $303K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,306.7 | −0.032% | $14.8M | $4.4M | 75x | as long as short |
| KuCoin PAXGUSDTMlong | +0.0100% | 4h | 4,308.1 | long leg | $28.7M | $5.4M | 30x | |
| BingX PAXG-USDT | +0.0100% | 4h | 4,306.4 | −0.040% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,305.7 | −0.054% | $1.2M | $850K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,292.5 | −0.361% | $12.2M | $231K | — | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,304.5 | −0.083% | $552 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,306 | −0.048% | $1.5M | $78K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,304.6 | −0.081% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0232% | 1h | 4,309 | +0.021% | $932K | $1.0M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0856% | 1h | 4,314.8 | +0.156% | $29K | $23K | 10x | as long as short |
MEXC PAXG_USDT
Extended PAXG-USD
Bitget PAXGUSDT
Aster PAXGUSDT
Injective PAXG/USDC PERP
ApeX Omni PAXGUSDT
Hyperliquid PAXG
Paradex PAXG-USD-PERP
Pacifica PAXG
Bybit PAXGUSDT
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