Funding you earn now, next payment 01:00 UTC+0.0111%/8h= +12.2% APRnext payment +$0.14 per $10,000 · paid last 24h 0.000%
Price spread now: Kraken Futures against Lighter+0.048%7-day average +0.037% · you sell dearer than you buy
Net, funding: paid 7d − costs+$17as in the Funding arb table
Net, price: spread back to 7d avg − costs−$17as in the Price arb table
costs, in and out, $10k−$180.179% of the position
Funding, last 7 days+0.351%+$35 on $10k
+Price spread, last 3 days (all we have)+0.046%+$5 · spread now +0.048%, 7d avg +0.037%
=Together, before fees+0.397%+ Points / potential airdropLighter: Season 3 · farm board+$40 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.037%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter PAXG | 4,366.6 | 0.0096 | pay 0.0012% / 1h | 54m 24s | $1.4M | $264K | 25x |
| Short | Kraken Futures PF_PAXGUSD | 4,368.7 | 0.0207 | get 0.0026% / 1h | 54m 24s | $1.3M | $1.5M | 20x |
Lighter PAXG
Kraken Futures PF_PAXGUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Lighter. 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
- $23.41
- Price spread: +0.048% → +0.037%
- $1.08
- Slippage, 4 orders
- −$7.95
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $6.54
- Costs to cover
- 0.179%
- Break-even
- 5.0 days
Slippage from Lighter: live order book, 12 min ago; Kraken Futures: 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 Lighter live order book, 12 min ago | 1.23 bp | 1.3 bp −$1 | 3.2 bp −$32 | 18.3 bp −$1,829 | doesn't fit |
| Sell Kraken Futures live order book, 4 min ago | 0.34 bp | 7.0 bp −$7 | 12.2 bp −$122 | 40.0 bp −$3,996 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX PAXG-USD | 0.0000% | 1h | 4,367.1 | +0.011% | $102K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,369.2 | +0.059% | $15.8M | $3.4M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,362.9 | −0.085% | $2K | $3.9M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,371.2 | +0.104% | $8.0M | $871K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,369.7 | +0.071% | $912K | $657K | 75x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | −0.442% | $1K | $151K | 30x | as long as short |
| Lighter PAXGlong | +0.0096% | 1h | 4,366.6 | long leg | $1.4M | $264K | 25x | |
| Paradex PAXG-USD-PERP | +0.0100% | 8h | 4,366.6 | 0.000% | $81K | $3.7M | 50x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,366.4 | −0.005% | $20.5M | $1.9M | 10x | as long as short |
| Aster PAXGUSDT | +0.0100% | 4h | 4,367.5 | +0.020% | $911K | $30K | 50x | as long as short |
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Injective PAXG/USDC PERP
Paradex PAXG-USD-PERP
Hyperliquid PAXG
Aster PAXGUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica PAXG | +0.0100% | 1h | 4,368 | +0.032% | $1.0M | $365K | 10x | as long as short |
| Binance PAXGUSDT | +0.0100% | 4h | 4,366.8 | +0.003% | $80.3M | $70.7M | 75x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,367.9 | +0.030% | $15.1M | $3.7M | 75x | as long as short |
| MEXC PAXG_USDT | +0.0100% | 4h | 4,365.1 | −0.035% | $16.2M | $1.1M | 100x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,369.3 | +0.062% | $28.5M | $5.6M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,367.4 | +0.017% | $9.7M | $15.4M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,367.1 | +0.011% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,368.8 | +0.050% | $1.4M | $973K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,369.4 | +0.063% | $12.5M | $104K | — | as long as short |
| GRVT PAXG_USDT_Perp | +0.0100% | 4h | 4,369.6 | +0.068% | $1.6M | $2.0M | 10x | as long as short |
| ApeX Omni PAXGUSDT | +0.0100% | 1h | 4,367.7 | +0.025% | $264K | $793K | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,368 | +0.032% | $560 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,364 | −0.060% | $1.5M | $38K | 50x | as long as short |
| Extended PAXG-USD | +0.0104% | 1h | 4,366.2 | −0.010% | $379K | $1.2M | 25x | as long as short |
| Hibachi PAXG/USDT-P | +0.0136% | 1h | 4,367.4 | +0.017% | $42K | $155K | 20x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,367 | +0.009% | $21K | — | 100x | as long as short |
| Kraken Futures PF_PAXGUSDshort | +0.0207% | 1h | 4,368.7 | +0.048% | $1.3M | $1.5M | 20x | |
| Coinbase International PAXG-PERP-INTX | +0.0304% | 1h | 4,370.1 | +0.080% | $977K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.1048% | 1h | 4,377.3 | +0.245% | $29K | $23K | 10x | as long as short |
Pacifica PAXG
Binance PAXGUSDT
Bybit PAXGUSDT
MEXC PAXG_USDT
KuCoin PAXGUSDTM
Bitget PAXGUSDT
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
GRVT PAXG_USDT_Perp
ApeX Omni PAXGUSDT
Orderly PERP_PAXG_USDC_mythos
Phemex PAXGUSDT
Extended PAXG-USD
Hibachi PAXG/USDT-P
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD