Funding you earn now, next payment 08:00 UTC+0.0078%/8h= +8.5% APRnext payment +$0.39 per $10,000 · paid last 24h 0.000%
Price spread now: KuCoin against MEXC−0.127%7-day average −0.034% · you buy dearer than you sell
Net, funding: paid 7d − costs−$17as in the Funding arb table
Net, price: spread back to 7d avg − costs−$32as in the Price arb table
costs, in and out, $10k−$220.224% of the position
Funding, last 7 days+0.059%+$6 on $10k
+Price spread, last 7 days+0.139%+$14 · spread now −0.127%, 7d avg −0.034%
=Funding pays, the price is against you. KuCoin is 0.093% cheaper against MEXC than usual: you would sell low and buy high (spread −0.127% now, against its 7-day average of −0.034%). If the spread goes back, that is −$9 on $10k: about 4.0 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.059% in total) that is about 11 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC PAXG_USDT | 4,318.5 | 0.0022 | pay 0.0011% / 4h | 16m 31s | $16.6M | $1.1M | 100x |
| Short | KuCoin PAXGUSDTM | 4,313 | 0.0100 | get 0.0050% / 4h | 16m 31s | $28.6M | $5.3M | 30x |
MEXC PAXG_USDT
KuCoin PAXGUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against MEXC. 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
- $16.38
- Price spread: −0.127% → −0.034%
- −$9.27
- Slippage, 4 orders
- −$6.44
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$15.34
- Costs to cover
- 0.224%
- Break-even
- 13.6 days
Slippage from MEXC: live order book, 2 min ago; KuCoin: live order book, 2 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 MEXC live order book, 2 min ago | 0.69 bp | 3.4 bp −$3 | 19.9 bp −$199 | 58.8 bp −$5,879 | 137.1 bp −$68.5K |
| Sell KuCoin live order book, 2 min ago | 0.64 bp | 7.7 bp −$8 | 14.2 bp −$142 | 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 | −0.0192% | 1h | 4,309.3 | −0.214% | $1.4M | $496K | 25x | as long as short |
| Hibachi PAXG/USDT-P | −0.0144% | 1h | 4,312.7 | −0.135% | $42K | $170K | 20x | as long as short |
| GRVT PAXG_USDT_Perp | −0.0110% | 4h | 4,313.2 | −0.124% | $1.5M | $2.0M | 10x | as long as short |
| Kraken Futures PF_PAXGUSD | −0.0055% | 1h | 4,311.6 | −0.159% | $1.2M | $1.7M | 20x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,313.4 | −0.119% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,313.2 | −0.123% | $15.6M | $3.7M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,308.3 | −0.236% | $2K | $3.2M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,316.2 | −0.053% | $7.9M | $659K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,315.7 | −0.064% | $902K | $794K | 75x | as long as short |
| MEXC PAXG_USDTlong | +0.0022% | 4h | 4,318.5 | long leg | $16.6M | $1.1M | 100x |
Lighter PAXG
Hibachi PAXG/USDT-P
GRVT PAXG_USDT_Perp
Kraken Futures PF_PAXGUSD
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance PAXGUSDT | +0.0023% | 4h | 4,311 | −0.173% | $79.6M | $75.9M | 75x | as long as short |
| Extended PAXG-USD | +0.0024% | 1h | 4,310.1 | −0.194% | $376K | $1.5M | 25x | as long as short |
| Aster PAXGUSDT | +0.0028% | 4h | 4,311.6 | −0.160% | $899K | $30K | 50x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.667% | $1K | $151K | 30x | as long as short |
| ApeX Omni PAXGUSDT | +0.0041% | 1h | 4,312.8 | −0.133% | $261K | $774K | 50x | as long as short |
| Bitget PAXGUSDT | +0.0056% | 4h | 4,310.6 | −0.183% | $9.5M | $15.9M | 50x | as long as short |
| Paradex PAXG-USD-PERP | +0.0097% | 8h | 4,311.2 | −0.170% | $85K | $3.7M | 50x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,311.2 | −0.169% | $20.7M | $2.3M | 10x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,313 | −0.128% | $1.0M | $302K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,311.2 | −0.169% | $14.9M | $4.0M | 75x | as long as short |
| KuCoin PAXGUSDTMshort | +0.0100% | 4h | 4,313 | −0.127% | $28.6M | $5.3M | 30x | |
| BingX PAXG-USDT | +0.0100% | 4h | 4,312.3 | −0.144% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,311.6 | −0.160% | $1.3M | $839K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,312.7 | −0.135% | $12.2M | $218K | — | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,311.3 | −0.167% | $553 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,312 | −0.151% | $1.5M | $53K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,310.8 | −0.178% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0224% | 1h | 4,316.2 | −0.054% | $953K | $1.0M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0928% | 1h | 4,322.3 | +0.088% | $29K | $23K | 10x | as long as short |
Binance PAXGUSDT
Extended PAXG-USD
Aster PAXGUSDT
Injective PAXG/USDC PERP
ApeX Omni PAXGUSDT
Bitget 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
Phemex PAXGUSDT
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD