Funding you earn now, next payment 09:00 UTC+0.0197%/8h= +21.6% APRpaid last 24h −0.003%
Price spread now: KuCoin against Kraken Futures+0.067%7-day average +0.021% · you sell dearer than you buy
Net, funding: paid 7d − costs−$62as in the Funding arb table
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$310.311% of the position
Funding, last 7 days−0.314%−$31 on $10k
+Price spread, last 4 days (all we have)−0.143%−$14 · spread now +0.067%, 7d avg +0.021%
=Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and KuCoin is 0.046% dearer against Kraken Futures than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.021%. Mind the row above: over the last 7 days funding on this pair cost −0.314%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_PAXGUSD | 4,308.6 | −0.0097 | get 0.0012% / 1h | 20m 03s | $1.2M | $2.0M | 20x |
| Short | KuCoin PAXGUSDTM | 4,311.5 | 0.0100 | get 0.0050% / 4h | 3h 20m | $28.7M | $5.4M | 30x |
Kraken Futures PF_PAXGUSD
KuCoin PAXGUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $41.34
- Price spread: +0.067% → +0.021%
- $4.62
- Slippage, 4 orders
- −$9.12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- $14.83
- Costs to cover
- 0.311%
- Break-even
- 4.5 days
Slippage from Kraken Futures: live order book, 3 min ago; KuCoin: live order book, 9 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 | 0.81 bp | 6.7 bp −$7 | 9.4 bp −$94 | 34.9 bp −$3,489 | doesn't fit |
| Sell KuCoin live order book, 9 min ago | 0.01 bp | 7.8 bp −$8 | 15.0 bp −$150 | doesn't fit | 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 | −0.0184% | 1h | 4,306.4 | −0.052% | $1.4M | $626K | 25x | as long as short |
| Hibachi PAXG/USDT-P | −0.0168% | 1h | 4,306.5 | −0.048% | $40K | $184K | 20x | as long as short |
| GRVT PAXG_USDT_Perp | −0.0152% | 4h | 4,302.1 | −0.151% | $1.5M | $1.9M | 10x | as long as short |
| dYdX PAXG-USD | −0.0097% | 1h | 4,306 | −0.061% | $100K | $12K | 5x | as long as short |
| Kraken Futures PF_PAXGUSDlong | −0.0097% | 1h | 4,308.6 | long leg | $1.2M | $2.0M | 20x | |
| Gate PAXG_USDT | 0.0000% | 8h | 4,310.6 | +0.046% | $15.6M | $4.0M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,304.2 | −0.103% | $2K | $3.2M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,312.4 | +0.088% | $7.9M | $546K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,310.6 | +0.046% | $905K | $834K | 75x | as long as short |
| MEXC PAXG_USDT | +0.0004% | 4h | 4,313 | +0.102% | $16.7M | $1.2M | 100x | as long as short |
Lighter PAXG
Hibachi PAXG/USDT-P
GRVT PAXG_USDT_Perp
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
MEXC PAXG_USDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance PAXGUSDT | +0.0006% | 4h | 4,310.9 | +0.054% | $80.2M | $81.2M | 75x | as long as short |
| Extended PAXG-USD | +0.0008% | 1h | 4,308.4 | −0.004% | $373K | $1.5M | 25x | as long as short |
| ApeX Omni PAXGUSDT | +0.0014% | 1h | 4,300.3 | −0.193% | $260K | $789K | 50x | as long as short |
| Bitget PAXGUSDT | +0.0014% | 4h | 4,310 | +0.032% | $9.5M | $16.1M | 50x | as long as short |
| Aster PAXGUSDT | +0.0022% | 4h | 4,310.5 | +0.043% | $902K | $37K | 50x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.898% | $1K | $151K | 30x | as long as short |
| Hyperliquid PAXG | +0.0073% | 1h | 4,307.4 | −0.028% | $21.1M | $2.7M | 10x | as long as short |
| Paradex PAXG-USD-PERP | +0.0084% | 8h | 4,305.9 | −0.062% | $81K | $4.4M | 50x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,308.4 | −0.005% | $1.0M | $303K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,310 | +0.032% | $14.9M | $4.4M | 75x | as long as short |
| KuCoin PAXGUSDTMshort | +0.0100% | 4h | 4,311.5 | +0.067% | $28.7M | $5.4M | 30x | |
| BingX PAXG-USDT | +0.0100% | 4h | 4,311.3 | +0.061% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,308.4 | −0.005% | $1.2M | $849K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,307.7 | −0.021% | $12.2M | $231K | — | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,307.4 | −0.028% | $553 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,306 | −0.061% | $1.5M | $78K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,307.6 | −0.023% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0232% | 1h | 4,309 | +0.008% | $932K | $1.0M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0856% | 1h | 4,317.9 | +0.215% | $29K | $23K | 10x | as long as short |
Binance PAXGUSDT
Extended PAXG-USD
ApeX Omni PAXGUSDT
Bitget PAXGUSDT
Aster PAXGUSDT
Injective PAXG/USDC PERP
Hyperliquid PAXG
Paradex PAXG-USD-PERP
Pacifica PAXG
Bybit PAXGUSDT
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
Orderly PERP_PAXG_USDC_mythos
Phemex PAXGUSDT
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD