data as of
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Funding arb /

PAXG

all PAXG markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding spread now, next payment 15:00 UTC+0.0044%/8h
next payment, per $10,000+$0.05paid, last 24h+0.009%paid, last 7 days+0.328%to open and close $10k−$26
Long on BackpackShort on Kraken Futures
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBackpack PAXG_USDC_PERP4,336.20.0100pay 0.0013% / 1h40m 50s$1.1M$816K50x
ShortKraken Futures PF_PAXGUSD4,334.70.0144get 0.0018% / 1h40m 50s$1.3M$994K20x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$9.23
Slippage, 4 orders
−$5.81
Fee Backpack: 5 bp × 2 orders
−$10
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$16.58
Break-even
19.6 days
Slippage from Backpack: live order book, 5 min ago; Kraken Futures: live order book, 4 min ago.

Price risk

price view
Price gap now
−0.035%
Avg gap 7d
+0.006%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Backpack live order book, 5 min ago0.01 bp5.7 bp −$67.0 bp −$70215.7 bp −$21.6Kdoesn't fit
Sell Kraken Futures live order book, 4 min ago0.69 bp7.9 bp −$817.7 bp −$17742.6 bp −$4,256doesn't fit

PAXG on 28 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
ApeX Omni PAXGUSDT−0.0008%1h$262K$790K50xas long as short
dYdX PAXG-USD0.0000%1h$101K$19K5xas long as short
Gate PAXG_USDT0.0000%8h$15.9M$4.2M100xas long as short
SunX PAXG-USDT0.0000%4h$2K$3.9M20xas long as short
Deribit PAXG_USDC-PERPETUAL0.0000%1h$7.9M$831K50xas long as short
HTX PAXG-USDT0.0000%4h$913K$565K75xas long as short
Hibachi PAXG/USDT-P+0.0016%1h$44K$139K20xas long as short
Injective PAXG/USDC PERP+0.0033%1h$1K$88K30xas long as short
Lighter PAXG+0.0080%1h$1.4M$693K25xas long as short
Hyperliquid PAXG+0.0090%1h$20.2M$1.6M10xas long as short
Show all 28 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Paradex PAXG-USD-PERP+0.0100%8h$84K$2.5M50xas long as short
Aster PAXGUSDT+0.0100%4h$904K$71K50xas long as short
Pacifica PAXG+0.0100%1h$1.0M$429K10xas long as short
Binance PAXGUSDT+0.0100%4h$79.1M$61.8M75xas long as short
Bybit PAXGUSDT+0.0100%4h$15.0M$3.1M75xas long as short
MEXC PAXG_USDT+0.0100%4h$16.1M$1.2M100xas long as short
KuCoin PAXGUSDTM+0.0100%4h$26.9M$4.7M30xas long as short
Bitget PAXGUSDT+0.0100%4h$9.1M$11.5M50xas long as short
BingX PAXG-USDT+0.0100%4h—$6.7M—as long as short
Backpack PAXG_USDC_PERPlong+0.0100%1h$1.1M$816K50x
Variational Omni PAXG+0.0100%4h$12.4M$70K—as long as short
Orderly PERP_PAXG_USDC_mythos+0.0100%4h$556—10xas long as short
Phemex PAXGUSDT+0.0100%4h$1.5M$34K50xas long as short
Extended PAXG-USD+0.0104%1h$375K$1.2M25xas long as short
Kraken Futures PF_PAXGUSDshort+0.0144%1h$1.3M$994K20x
Reya PAXGRUSDPERP+0.0189%1h$20K—100xas long as short
Coinbase International PAXG-PERP-INTX+0.0240%1h$948K$1.0M50xas long as short
01 Exchange PAXGUSD+0.0568%1h$15K$7K10xas long as short