Funding you earn now, next payment 03:00 UTC−0.0173%/8h= −19.0% APRpaid last 24h −0.024%
Price spread now: HTX against Kraken Futures+0.129%7-day average +0.128% · you sell dearer than you buy
Net, funding: paid 7d − costs−$90as in the Funding arb table
Net, price: spread back to 7d avg − costs−$49as in the Price arb table
costs, in and out, $10k−$490.491% of the position
Funding, last 7 days−0.413%−$41 on $10k
+Price spread, last 3 days (all we have)−0.023%−$2 · spread now +0.129%, 7d avg +0.128%
=The price spread sits at its 7-day average of +0.128%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_PAXGUSD | 4,342 | 0.0173 | pay 0.0022% / 1h | 50m 25s | $1.3M | $1.4M | 20x |
| Short | HTX PAXG-USDT | 4,347.7 | 0 | get 0.0000% / 4h | 1h 50m | $904K | $653K | 75x |
Kraken Futures PF_PAXGUSD
HTX PAXG-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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
- −$36.38
- Price spread: +0.129% → +0.128%
- $0.13
- Slippage, 4 orders
- −$27.05
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$85.31
- Costs to cover
- 0.491%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 3 min ago; HTX: live order book, 13 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, 3 min ago | 0.34 bp | 6.2 bp −$6 | 9.8 bp −$98 | 36.7 bp −$3,667 | doesn't fit |
| Sell HTX live order book, 13 min ago | 1.15 bp | 11.9 bp −$12 | 14.7 bp −$147 | 18.4 bp −$1,844 | 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 | 4,344.3 | +0.051% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,343 | +0.022% | $15.7M | $3.4M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,335 | −0.162% | $2K | $3.7M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,344.8 | +0.062% | $7.9M | $868K | 50x | as long as short |
| HTX PAXG-USDTshort | 0.0000% | 4h | 4,347.7 | +0.129% | $904K | $653K | 75x | |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.121% | $1K | $151K | 30x | as long as short |
| GRVT PAXG_USDT_Perp | +0.0070% | 4h | 4,346.6 | +0.105% | $1.5M | $1.9M | 10x | as long as short |
| Hibachi PAXG/USDT-P | +0.0080% | 1h | 4,340.9 | −0.026% | $42K | $154K | 20x | as long as short |
| Lighter PAXG | +0.0096% | 1h | 4,340.6 | −0.033% | $1.4M | $305K | 25x | as long as short |
| Paradex PAXG-USD-PERP | +0.0100% | 8h | 4,340.6 | −0.033% | $80K | $3.7M | 50x | as long as short |
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
Injective PAXG/USDC PERP
GRVT PAXG_USDT_Perp
Hibachi PAXG/USDT-P
Lighter PAXG
Paradex PAXG-USD-PERPShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid PAXG | +0.0100% | 1h | 4,341.4 | −0.015% | $20.7M | $2.2M | 10x | as long as short |
| Aster PAXGUSDT | +0.0100% | 4h | 4,343.4 | +0.031% | $906K | $30K | 50x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,342.3 | +0.007% | $1.0M | $340K | 10x | as long as short |
| Binance PAXGUSDT | +0.0100% | 4h | 4,340.4 | −0.037% | $80.0M | $70.6M | 75x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,342.3 | +0.006% | $14.9M | $3.8M | 75x | as long as short |
| MEXC PAXG_USDT | +0.0100% | 4h | 4,341.7 | −0.008% | $16.1M | $1.1M | 100x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,343.8 | +0.039% | $28.6M | $5.3M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,340.9 | −0.026% | $9.6M | $15.0M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,341.6 | −0.010% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,342.4 | +0.008% | $1.3M | $804K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,341 | −0.024% | $12.4M | $104K | — | as long as short |
| ApeX Omni PAXGUSDT | +0.0100% | 1h | 4,344.3 | +0.052% | $263K | $791K | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,341.1 | −0.022% | $557 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,340 | −0.047% | $1.5M | $39K | 50x | as long as short |
| Extended PAXG-USD | +0.0104% | 1h | 4,339.4 | −0.061% | $382K | $1.4M | 25x | as long as short |
| Kraken Futures PF_PAXGUSDlong | +0.0173% | 1h | 4,342 | long leg | $1.3M | $1.4M | 20x | |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,340.5 | −0.037% | $21K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0320% | 1h | 4,349.7 | +0.176% | $971K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.1008% | 1h | 4,351.5 | +0.218% | $29K | $23K | 10x | as long as short |
Hyperliquid PAXG
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
ApeX Omni PAXGUSDT
Orderly PERP_PAXG_USDC_mythos
Phemex PAXGUSDT
Extended PAXG-USD
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD