Funding you earn now, next payment 08:00 UTC−0.0038%/8h= −4.1% APRnext payment −$0.19 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against KuCoin−0.074%7-day average −0.053% · you buy dearer than you sell
Net, funding: paid 7d − costs−$33as in the Funding arb table
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$270.274% of the position
Funding, last 7 days−0.058%−$6 on $10k
+Price spread, last 7 days+0.024%+$2 · spread now −0.074%, 7d avg −0.053%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Binance is 0.020% cheaper against KuCoin than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.053%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin PAXGUSDTM | 4,338.1 | 0.0100 | pay 0.0050% / 4h | 3h 43m | $28.6M | $5.3M | 30x |
| Short | Binance PAXGUSDT | 4,334.9 | 0.0062 | get 0.0031% / 4h | 3h 43m | $80.0M | $71.2M | 75x |
KuCoin PAXGUSDTM
Binance PAXGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against KuCoin. 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
- −$7.89
- Price spread: −0.074% → −0.053%
- −$2.04
- Slippage, 4 orders
- −$5.37
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$37.29
- Costs to cover
- 0.274%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 5 min ago; Binance: live order book, 14 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 KuCoin live order book, 5 min ago | 0.55 bp | 9.1 bp −$9 | 24.6 bp −$246 | doesn't fit | doesn't fit |
| Sell Binance live order book, 14 min ago | 0.01 bp | 5.0 bp −$5 | 6.5 bp −$65 | 10.5 bp −$1,052 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hibachi PAXG/USDT-P | −0.0168% | 1h | 4,335.8 | −0.053% | $42K | $154K | 20x | as long as short |
| Lighter PAXG | −0.0160% | 1h | 4,334 | −0.095% | $1.4M | $362K | 25x | as long as short |
| GRVT PAXG_USDT_Perp | −0.0144% | 4h | 4,333.7 | −0.101% | $1.5M | $1.9M | 10x | as long as short |
| ApeX Omni PAXGUSDT | −0.0086% | 1h | 4,335.3 | −0.063% | $262K | $787K | 50x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,334.8 | −0.076% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,337.3 | −0.018% | $15.6M | $3.4M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,330 | −0.186% | $2K | $3.6M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,338.6 | +0.013% | $7.9M | $868K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,339.9 | +0.041% | $903K | $684K | 75x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.213% | $1K | $151K | 30x | as long as short |
Hibachi PAXG/USDT-P
Lighter PAXG
GRVT PAXG_USDT_Perp
ApeX Omni PAXGUSDT
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Injective PAXG/USDC PERPShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance PAXGUSDTshort | +0.0062% | 4h | 4,334.9 | −0.074% | $80.0M | $71.2M | 75x | |
| Extended PAXG-USD | +0.0064% | 1h | 4,333.6 | −0.103% | $378K | $1.4M | 25x | as long as short |
| MEXC PAXG_USDT | +0.0064% | 4h | 4,337.5 | −0.014% | $16.1M | $1.0M | 100x | as long as short |
| Kraken Futures PF_PAXGUSD | +0.0065% | 1h | 4,335.9 | −0.050% | $1.3M | $1.4M | 20x | as long as short |
| Paradex PAXG-USD-PERP | +0.0100% | 8h | 4,335.8 | −0.053% | $81K | $3.7M | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,334.7 | −0.078% | $556 | — | 10x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,335.6 | −0.057% | $20.7M | $2.4M | 10x | as long as short |
| Aster PAXGUSDT | +0.0100% | 4h | 4,335.7 | −0.055% | $905K | $27K | 50x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,337.7 | −0.009% | $1.0M | $338K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,336.3 | −0.041% | $14.9M | $3.8M | 75x | as long as short |
| KuCoin PAXGUSDTMlong | +0.0100% | 4h | 4,338.1 | long leg | $28.6M | $5.3M | 30x | |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,335.6 | −0.056% | $9.7M | $15.2M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,336 | −0.047% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,335.9 | −0.050% | $1.3M | $800K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,336 | −0.048% | $12.3M | $227K | — | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,333 | −0.117% | $1.5M | $39K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,335.5 | −0.059% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0296% | 1h | 4,336.7 | −0.032% | $987K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.1016% | 1h | 4,346.7 | +0.199% | $29K | $23K | 10x | as long as short |
Extended PAXG-USD
MEXC PAXG_USDT
Kraken Futures PF_PAXGUSD
Paradex PAXG-USD-PERP
Orderly PERP_PAXG_USDC_mythos
Hyperliquid PAXG
Aster PAXGUSDT
Pacifica PAXG
Bybit PAXGUSDT
Bitget PAXGUSDT
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
Phemex PAXGUSDT
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD