Funding you earn now, next payment 07:00 UTC−0.0044%/8h= −4.9% APRpaid last 24h +0.030%
Price spread now: Kraken Futures against HTX−0.069%7-day average −0.125% · you buy dearer than you sell
Net, funding: paid 7d − costs−$10as in the Funding arb table
Net, price: spread back to 7d avg − costs−$45as in the Price arb table
costs, in and out, $10k−$510.508% of the position
Funding, last 7 days+0.404%+$40 on $10k
+Price spread, last 4 days (all we have)−0.034%−$3 · spread now −0.069%, 7d avg −0.125%
=The price spread pays, funding is against you. Kraken Futures is 0.056% dearer against HTX than usual: you sell high and buy low (spread −0.069% now, against its 7-day average of −0.125%): +$6 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.2 days. Mind the row above: over the last 7 days funding on this pair paid +0.404%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX PAXG-USDT | 4,322.9 | 0 | get 0.0000% / 4h | 1h 44m | $905K | $767K | 75x |
| Short | Kraken Futures PF_PAXGUSD | 4,319.9 | −0.0044 | pay 0.0006% / 1h | 44m 07s | $1.2M | $1.9M | 20x |
HTX PAXG-USDT
Kraken Futures PF_PAXGUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against HTX. 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
- −$9.31
- Price spread: −0.069% → −0.125%
- $5.59
- Slippage, 4 orders
- −$28.78
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$54.5
- Costs to cover
- 0.508%
- Break-even
- never at this rate
Slippage from HTX: live order book, 65 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 HTX live order book, 65 min ago | 1.64 bp | 24.6 bp −$25 | 26.7 bp −$267 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 4 min ago | 0.46 bp | 7.0 bp −$7 | 12.5 bp −$125 | 36.8 bp −$3,675 | 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 | −0.0208% | 1h | 4,316.9 | −0.139% | $1.4M | $465K | 25x | as long as short |
| Hibachi PAXG/USDT-P | −0.0168% | 1h | 4,319.6 | −0.076% | $46K | $169K | 20x | as long as short |
| GRVT PAXG_USDT_Perp | −0.0104% | 4h | 4,315.2 | −0.179% | $1.5M | $2.0M | 10x | as long as short |
| ApeX Omni PAXGUSDT | −0.0053% | 1h | 4,314.9 | −0.186% | $261K | $771K | 50x | as long as short |
| Kraken Futures PF_PAXGUSDshort | −0.0044% | 1h | 4,319.9 | −0.069% | $1.2M | $1.9M | 20x | |
| Extended PAXG-USD | −0.0008% | 1h | 4,317.8 | −0.119% | $378K | $994K | 25x | as long as short |
| Binance PAXGUSDT | −0.0006% | 4h | 4,319 | −0.090% | $79.5M | $74.9M | 75x | as long as short |
| MEXC PAXG_USDT | −0.0004% | 4h | 4,322.6 | −0.006% | $16.5M | $1.0M | 100x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,317.9 | −0.116% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,321 | −0.043% | $15.6M | $3.8M | 100x | as long as short |
Lighter PAXG
Hibachi PAXG/USDT-P
GRVT PAXG_USDT_Perp
ApeX Omni PAXGUSDT
Extended PAXG-USD
Binance PAXGUSDT
MEXC PAXG_USDT
dYdX PAXG-USD
Gate PAXG_USDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX PAXG-USDT | 0.0000% | 4h | 4,314.9 | −0.184% | $2K | $3.4M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,322.9 | 0.000% | $7.9M | $851K | 50x | as long as short |
| HTX PAXG-USDTlong | 0.0000% | 4h | 4,322.9 | long leg | $905K | $767K | 75x | |
| Aster PAXGUSDT | +0.0015% | 4h | 4,320 | −0.067% | $901K | $27K | 50x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.565% | $1K | $151K | 30x | as long as short |
| Paradex PAXG-USD-PERP | +0.0097% | 8h | 4,318.8 | −0.093% | $85K | $3.2M | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,318.1 | −0.111% | $554 | — | 10x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,319 | −0.090% | $20.7M | $2.4M | 10x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,320.2 | −0.061% | $1.0M | $317K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,319.3 | −0.083% | $14.9M | $4.1M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,321.2 | −0.039% | $28.6M | $5.3M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,318 | −0.112% | $9.4M | $16.6M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,319.9 | −0.068% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,319.2 | −0.084% | $1.3M | $814K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,316.5 | −0.148% | $12.2M | $221K | — | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,317 | −0.136% | $1.5M | $52K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,318.2 | −0.107% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0232% | 1h | 4,321.3 | −0.036% | $973K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0792% | 1h | 4,329.3 | +0.149% | $29K | $23K | 10x | as long as short |
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
Aster PAXGUSDT
Injective PAXG/USDC PERP
Paradex PAXG-USD-PERP
Orderly PERP_PAXG_USDC_mythos
Hyperliquid PAXG
Pacifica PAXG
Bybit PAXGUSDT
KuCoin PAXGUSDTM
Bitget PAXGUSDT
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
Phemex PAXGUSDT
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD