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 14:00 UTC−0.0101%/8h
next payment, per $10,000−$0.13paid, last 24h−0.011%paid, last 7 days−0.376%to open and close $10k−$24
Long on Kraken FuturesShort on Hyperliquid
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_PAXGUSD4,361.40.0201pay 0.0025% / 1h31m 10s$1.3M$1.0M20x
ShortHyperliquid PAXG4,361.10.0100get 0.0013% / 1h31m 10s$20.4M$1.5M10x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
−$21.16
Slippage, 4 orders
−$5.29
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$45.45
Break-even
never at this rate
Slippage from Kraken Futures: live order book, 4 min ago; Hyperliquid: live order book, 3 min ago.

Price risk

price view
Price gap now
−0.008%
Avg gap 7d
−0.018%
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 Kraken Futures live order book, 4 min ago0.57 bp8.2 bp −$813.2 bp −$13238.6 bp −$3,856doesn't fit
Sell Hyperliquid live order book, 3 min ago0.12 bp5.3 bp −$57.4 bp −$74doesn't fitdoesn't fit

PAXG on 28 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
dYdX PAXG-USD0.0000%1h$102K$18K5xas long as short
Gate PAXG_USDT0.0000%8h$16.0M$3.8M100xas long as short
SunX PAXG-USDT0.0000%4h$2K$3.4M20xas long as short
Deribit PAXG_USDC-PERPETUAL0.0000%1h$7.9M$814K50xas long as short
HTX PAXG-USDT0.0000%4h$918K$517K75xas long as short
Injective PAXG/USDC PERP+0.0033%1h$1K$117K30xas long as short
Lighter PAXG+0.0096%1h$1.4M$678K25xas long as short
Paradex PAXG-USD-PERP+0.0100%8h$85K$2.2M50xas long as short
Hyperliquid PAXGshort+0.0100%1h$20.4M$1.5M10x
Aster PAXGUSDT+0.0100%4h$902K$63K50xas long as short
Show all 28 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Pacifica PAXG+0.0100%1h$1.0M$399K10xas long as short
Binance PAXGUSDT+0.0100%4h$78.8M$55.1M75xas long as short
Bybit PAXGUSDT+0.0100%4h$15.2M$2.7M75xas long as short
MEXC PAXG_USDT+0.0100%4h$16.3M$1.1M100xas long as short
KuCoin PAXGUSDTM+0.0100%4h$27.6M$4.4M30xas long as short
Bitget PAXGUSDT+0.0100%4h$9.1M$10.2M50xas long as short
BingX PAXG-USDT+0.0100%4h—$6.7M—as long as short
Backpack PAXG_USDC_PERP+0.0100%1h$1.1M$749K50xas long as short
Variational Omni PAXG+0.0100%4h$12.5M$71K—as long as short
ApeX Omni PAXGUSDT+0.0100%1h$264K$790K50xas long as short
Orderly PERP_PAXG_USDC_mythos+0.0100%4h$560—10xas long as short
Phemex PAXGUSDT+0.0100%4h$1.5M$24K50xas long as short
Extended PAXG-USD+0.0104%1h$378K$1.2M25xas long as short
Reya PAXGRUSDPERP+0.0189%1h$21K—100xas long as short
Kraken Futures PF_PAXGUSDlong+0.0201%1h$1.3M$1.0M20x
Coinbase International PAXG-PERP-INTX+0.0256%1h$981K$459K50xas long as short
Hibachi PAXG/USDT-P+0.0320%1h$44K$139K20xas long as short
01 Exchange PAXGUSD+0.0816%1h$15K$8K10xas long as short