PAXG

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0206%/8h= −22.6% APRnext payment −$1.03 per $10,000 · paid last 24h −0.012%

Price spread now: GRVT against KuCoin+0.013%68s7-day average −0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$30as 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−$280.278% of the position

Long on KuCoin Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.020%−$2 on $10k

Price spread, last 7 days−0.043%−$4 · spread now +0.013%, 7d avg −0.030%

Together, before fees−0.063%+ Points / potential airdropGRVT: Active · farm board−$6 on $10k · with fees, hour by hour

The price spread pays, funding is against you. GRVT is 0.043% dearer against KuCoin than usual: you sell high and buy low (spread +0.013% now, against its 7-day average of −0.030%): +$4 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 17 hours. At the pace of the last 7 days (−0.020% in total) that is about 15 days. The two prices were read 68 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.020% in total (about -1.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.03 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin PAXGUSDTM	4,318.9	0.0100	pay 0.0050% / 4h	1h 04m	$28.6M	$5.3M	30x
Short	GRVT PAXG_USDT_Perp	4,319.4	−0.0106	pay 0.0053% / 4h	1h 04m	$1.5M	$2.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee KuCoinbpFee GRVTbpOrdersPrice spread, now +0.013%Rate

Funding earned: −$43.26
Price spread: +0.013% → −0.030%: $4.3
Slippage, 4 orders: −$6.75
Fee KuCoin: 6 bp × 2 orders: −$12
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$66.71
Costs to cover: 0.278%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; GRVT: live order book, 3 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, 5 min ago	0.29 bp	8.8 bp −$9	24.1 bp −$241	doesn't fit	doesn't fit
Sell GRVT live order book, 3 min ago	0.01 bp	4.5 bp −$5	5.1 bp −$51	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	−0.0176%	1h	4,314.8	−0.095%	$1.4M	$468K	25x	as long as short
GRVT PAXG_USDT_Perpshort	−0.0106%	4h	4,319.4	+0.013%	$1.5M	$2.0M	10x
Hibachi PAXG/USDT-P	−0.0104%	1h	4,318.5	−0.007%	$42K	$168K	20x	as long as short
Kraken Futures PF_PAXGUSD	−0.0044%	1h	4,317.5	−0.031%	$1.2M	$1.9M	20x	as long as short
Extended PAXG-USD	−0.0008%	1h	4,315.1	−0.087%	$378K	$625K	25x	as long as short
Binance PAXGUSDT	−0.0005%	4h	4,316.2	−0.063%	$79.6M	$75.0M	75x	as long as short
MEXC PAXG_USDT	−0.0004%	4h	4,322.8	+0.091%	$16.6M	$1.1M	100x	as long as short
dYdX PAXG-USD	0.0000%	1h	4,317.9	−0.023%	$101K	$12K	5x	as long as short
Gate PAXG_USDT	0.0000%	8h	4,318.6	−0.006%	$15.6M	$3.8M	100x	as long as short
SunX PAXG-USDT	0.0000%	4h	4,313.4	−0.127%	$2K	$3.3M	20x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit PAXG_USDC-PERPETUAL	0.0000%	1h	4,321.1	+0.052%	$7.9M	$846K	50x	as long as short
HTX PAXG-USDT	0.0000%	4h	4,321.3	+0.056%	$902K	$776K	75x	as long as short
Aster PAXGUSDT	+0.0010%	4h	4,318.6	−0.005%	$901K	$27K	50x	as long as short
Injective PAXG/USDC PERP	+0.0033%	1h	4,347.3	+0.659%	$1K	$151K	30x	as long as short
ApeX Omni PAXGUSDT	+0.0043%	1h	4,318.5	−0.009%	$261K	$773K	50x	as long as short
Paradex PAXG-USD-PERP	+0.0099%	8h	4,316.2	−0.062%	$85K	$3.3M	50x	as long as short
Orderly PERP_PAXG_USDC_mythos	+0.0100%	4h	4,317.3	−0.036%	$554	—	10x	as long as short
Hyperliquid PAXG	+0.0100%	1h	4,316.6	−0.052%	$20.8M	$2.4M	10x	as long as short
Pacifica PAXG	+0.0100%	1h	4,318.7	−0.004%	$1.0M	$316K	10x	as long as short
Bybit PAXGUSDT	+0.0100%	4h	4,317.2	−0.038%	$14.9M	$4.0M	75x	as long as short
KuCoin PAXGUSDTMlong	+0.0100%	4h	4,318.9	long leg	$28.6M	$5.3M	30x
Bitget PAXGUSDT	+0.0100%	4h	4,315.7	−0.074%	$9.4M	$16.5M	50x	as long as short
BingX PAXG-USDT	+0.0100%	4h	4,317.3	−0.035%	—	$6.8M	—	as long as short
Backpack PAXG_USDC_PERP	+0.0100%	1h	4,317.4	−0.034%	$1.3M	$826K	50x	as long as short
Variational Omni PAXG	+0.0100%	4h	4,317.7	−0.027%	$12.3M	$223K	—	as long as short
Phemex PAXGUSDT	+0.0100%	4h	4,318	−0.020%	$1.5M	$52K	50x	as long as short
Reya PAXGRUSDPERP	+0.0189%	1h	4,315.5	−0.078%	$20K	—	100x	as long as short
Coinbase International PAXG-PERP-INTX	+0.0232%	1h	4,322.2	+0.077%	$949K	$1.0M	50x	as long as short
01 Exchange PAXGUSD	+0.0816%	1h	4,327.3	+0.195%	$29K	$23K	10x	as long as short