Funding you earn now, next payment 00:00 UTC−0.0286%/8h= −31.3% APRpaid last 24h −0.028%
Price spread now: Gate against Kraken Futures+0.012%7-day average +0.037% · you sell dearer than you buy
Net, funding: paid 7d − costs−$85as in the Funding arb table
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$340.344% of the position
Funding, last 7 days−0.508%−$51 on $10k
+Price spread, last 3 days (all we have)−0.035%−$4 · spread now +0.012%, 7d avg +0.037%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Gate is 0.025% cheaper against Kraken Futures than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.037%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_PAXGUSD | 4,358.8 | 0.0286 | pay 0.0036% / 1h | 41m 31s | $1.3M | $1.4M | 20x |
| Short | Gate PAXG_USDT | 4,359.3 | 0 | get 0.0000% / 8h | 41m 31s | $15.8M | $3.6M | 100x |
Kraken Futures PF_PAXGUSD
Gate PAXG_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Kraken Futures. 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
- −$60
- Price spread: +0.012% → +0.037%
- −$2.46
- Slippage, 4 orders
- −$9.35
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$96.81
- Costs to cover
- 0.344%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 2 min ago; Gate: 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 Kraken Futures live order book, 2 min ago | 0.34 bp | 7.1 bp −$7 | 12.1 bp −$121 | 35.5 bp −$3,552 | doesn't fit |
| Sell Gate live order book, 2 min ago | 0.92 bp | 10.6 bp −$11 | 15.5 bp −$155 | 26.4 bp −$2,637 | 57.6 bp −$28.8K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Injective PAXG/USDC PERP | −0.0007% | 1h | 4,347.3 | −0.263% | $1K | $151K | 30x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,358.3 | −0.010% | $102K | $12K | 5x | as long as short |
| Gate PAXG_USDTshort | 0.0000% | 8h | 4,359.3 | +0.012% | $15.8M | $3.6M | 100x | |
| SunX PAXG-USDT | 0.0000% | 4h | 4,353.6 | −0.118% | $1K | $3.9M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,361.5 | +0.062% | $7.9M | $866K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,363.4 | +0.107% | $911K | $634K | 75x | as long as short |
| Lighter PAXG | +0.0096% | 1h | 4,356.9 | −0.042% | $1.4M | $270K | 25x | as long as short |
| ApeX Omni PAXGUSDT | +0.0097% | 1h | 4,354.4 | −0.101% | $263K | $796K | 50x | as long as short |
| Paradex PAXG-USD-PERP | +0.0100% | 8h | 4,357.5 | −0.030% | $80K | $3.7M | 50x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,358.2 | −0.013% | $20.4M | $1.8M | 10x | as long as short |
Injective PAXG/USDC PERP
dYdX PAXG-USD
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Lighter PAXG
ApeX Omni PAXGUSDT
Paradex PAXG-USD-PERP
Hyperliquid PAXGShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster PAXGUSDT | +0.0100% | 4h | 4,357.9 | −0.020% | $909K | $30K | 50x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,359.2 | +0.009% | $1.0M | $344K | 10x | as long as short |
| Binance PAXGUSDT | +0.0100% | 4h | 4,357.8 | −0.021% | $80.0M | $68.6M | 75x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,358.5 | −0.006% | $15.2M | $3.6M | 75x | as long as short |
| MEXC PAXG_USDT | +0.0100% | 4h | 4,356.6 | −0.049% | $16.1M | $1.2M | 100x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,360.1 | +0.030% | $27.0M | $5.3M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,358.7 | −0.001% | $9.9M | $14.0M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,358.3 | −0.010% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,358.5 | −0.007% | $1.4M | $971K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,357.9 | −0.020% | $12.5M | $104K | — | as long as short |
| GRVT PAXG_USDT_Perp | +0.0100% | 4h | 4,359.7 | +0.022% | $1.5M | $1.9M | 10x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,358.6 | −0.004% | $559 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,355 | −0.087% | $1.5M | $38K | 50x | as long as short |
| Extended PAXG-USD | +0.0104% | 1h | 4,357 | −0.040% | $378K | $1.2M | 25x | as long as short |
| Hibachi PAXG/USDT-P | +0.0152% | 1h | 4,357.5 | −0.029% | $48K | $141K | 20x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,359.4 | +0.015% | $21K | — | 100x | as long as short |
| Kraken Futures PF_PAXGUSDlong | +0.0286% | 1h | 4,358.8 | long leg | $1.3M | $1.4M | 20x | |
| Coinbase International PAXG-PERP-INTX | +0.0296% | 1h | 4,362.5 | +0.086% | $976K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0992% | 1h | 4,368.6 | +0.225% | $29K | $23K | 10x | as long as short |
Aster PAXGUSDT
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
Orderly PERP_PAXG_USDC_mythos
Phemex PAXGUSDT
Extended PAXG-USD
Hibachi PAXG/USDT-P
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD