Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Phemex against KuCoin−0.015%7-day average −0.093% · you buy dearer than you sell
Net, funding: paid 7d − costs−$68as in the Funding arb table
Net, price: spread back to 7d avg − costs−$60as in the Price arb table
costs, in and out, $10k−$680.680% of the position
Funding, last 7 days−0.001%$0 on $10k
+Price spread, last 4 days (all we have)+0.016%+$2 · spread now −0.015%, 7d avg −0.093%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.079% dearer against KuCoin than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.093%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin PAXGUSDTM | 4,296.6 | 0.0100 | pay 0.0050% / 4h | 3h 25m | $28.6M | $5.4M | 30x |
| Short | Phemex PAXGUSDT | 4,296 | 0.0100 | get 0.0050% / 4h | 3h 25m | $1.5M | $78K | 50x |
KuCoin PAXGUSDTM
Phemex PAXGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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: −0.015% → −0.093%
- $7.86
- Slippage, 4 orders
- −$43.96
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$60.1
- Costs to cover
- 0.680%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 4 min ago; Phemex: 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, 4 min ago | 0.01 bp | 8.7 bp −$9 | 23.4 bp −$234 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 3 min ago | 6.99 bp | 23.8 bp −$24 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hibachi PAXG/USDT-P | −0.0184% | 1h | 4,298 | +0.032% | $40K | $183K | 20x | as long as short |
| Lighter PAXG | −0.0176% | 1h | 4,293.2 | −0.080% | $1.4M | $625K | 25x | as long as short |
| GRVT PAXG_USDT_Perp | −0.0130% | 4h | 4,298 | +0.033% | $1.5M | $1.9M | 10x | as long as short |
| Kraken Futures PF_PAXGUSD | −0.0097% | 1h | 4,295.3 | −0.031% | $1.2M | $2.0M | 20x | as long as short |
| dYdX PAXG-USD | −0.0010% | 1h | 4,297.8 | +0.027% | $100K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,296.4 | −0.006% | $15.6M | $3.9M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,290.1 | −0.152% | $2K | $3.2M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,298.7 | +0.048% | $7.9M | $613K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,300.7 | +0.095% | $905K | $827K | 75x | as long as short |
| Binance PAXGUSDT | +0.0007% | 4h | 4,295.5 | −0.028% | $79.9M | $81.1M | 75x | as long as short |
Hibachi PAXG/USDT-P
Lighter PAXG
GRVT PAXG_USDT_Perp
Kraken Futures PF_PAXGUSD
dYdX PAXG-USD
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 | |
|---|---|---|---|---|---|---|---|---|
| Extended PAXG-USD | +0.0008% | 1h | 4,294.2 | −0.057% | $373K | $1.5M | 25x | as long as short |
| MEXC PAXG_USDT | +0.0010% | 4h | 4,302 | +0.125% | $16.7M | $1.2M | 100x | as long as short |
| Bitget PAXGUSDT | +0.0020% | 4h | 4,296.2 | −0.010% | $9.5M | $16.1M | 50x | as long as short |
| Aster PAXGUSDT | +0.0024% | 4h | 4,297.2 | +0.013% | $899K | $37K | 50x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +1.179% | $1K | $151K | 30x | as long as short |
| ApeX Omni PAXGUSDT | +0.0036% | 1h | 4,296.7 | +0.001% | $260K | $772K | 50x | as long as short |
| Paradex PAXG-USD-PERP | +0.0088% | 8h | 4,293.1 | −0.083% | $81K | $4.4M | 50x | as long as short |
| Hyperliquid PAXG | +0.0092% | 1h | 4,294.9 | −0.040% | $21.0M | $2.6M | 10x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,295.7 | −0.022% | $1.0M | $303K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,294.1 | −0.059% | $14.8M | $4.4M | 75x | as long as short |
| KuCoin PAXGUSDTMlong | +0.0100% | 4h | 4,296.6 | long leg | $28.6M | $5.4M | 30x | |
| BingX PAXG-USDT | +0.0100% | 4h | 4,296.1 | −0.013% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,295.6 | −0.025% | $1.2M | $862K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,292.5 | −0.096% | $12.2M | $231K | — | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,293.5 | −0.073% | $551 | — | 10x | as long as short |
| Phemex PAXGUSDTshort | +0.0100% | 4h | 4,296 | −0.015% | $1.5M | $78K | 50x | |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,293.7 | −0.069% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0232% | 1h | 4,296.6 | −0.002% | $930K | $1.0M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0848% | 1h | 4,305.1 | +0.197% | $29K | $23K | 10x | as long as short |
Extended PAXG-USD
MEXC PAXG_USDT
Bitget PAXGUSDT
Aster PAXGUSDT
Injective PAXG/USDC PERP
ApeX Omni PAXGUSDT
Paradex PAXG-USD-PERP
Hyperliquid PAXG
Pacifica PAXG
Bybit PAXGUSDT
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
Orderly PERP_PAXG_USDC_mythos
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD