Funding you earn now, next payment 05:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.038%
Price spread now: dYdX against KuCoin−0.063%7-day average −0.038% · you buy dearer than you sell
Net, funding: paid 7d − costs−$73as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$470.473% of the position
Funding, last 7 days−0.256%−$26 on $10k
+Price spread, last 4 days (all we have)+0.051%+$5 · spread now −0.063%, 7d avg −0.038%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and dYdX is 0.025% cheaper against KuCoin than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.038%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin PAXGUSDTM | 4,341.1 | 0.0100 | pay 0.0050% / 4h | 3h 03m | $28.6M | $5.3M | 30x |
| Short | dYdX PAXG-USD | 4,338.3 | 0 | get 0.0000% / 1h | 3m 44s | $101K | $12K | 5x |
KuCoin PAXGUSDTM
dYdX PAXG-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX 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
- −$21
- Price spread: −0.063% → −0.038%
- −$2.54
- Slippage, 4 orders
- −$25.3
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$70.83
- Costs to cover
- 0.473%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 10 min ago; dYdX: live order book, 50 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, 10 min ago | 0.39 bp | 8.6 bp −$9 | 25.7 bp −$257 | doesn't fit | doesn't fit |
| Sell dYdX live order book, 50 min ago | 10.39 bp | 15.4 bp −$15 | 34.1 bp −$341 | 157.0 bp −$15.7K | 500.1 bp −$250.0K |
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 | −0.0224% | 1h | 4,339.8 | −0.028% | $46K | $161K | 20x | as long as short |
| Lighter PAXG | −0.0144% | 1h | 4,336.8 | −0.099% | $1.4M | $368K | 25x | as long as short |
| ApeX Omni PAXGUSDT | −0.0030% | 1h | 4,336.2 | −0.112% | $262K | $785K | 50x | as long as short |
| GRVT PAXG_USDT_Perp | −0.0008% | 4h | 4,338.3 | −0.064% | $1.5M | $1.9M | 10x | as long as short |
| dYdX PAXG-USDshort | 0.0000% | 1h | 4,338.3 | −0.063% | $101K | $12K | 5x | |
| Gate PAXG_USDT | 0.0000% | 8h | 4,340.8 | −0.006% | $15.6M | $3.4M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,336.3 | −0.109% | $2K | $3.5M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,343.7 | +0.060% | $7.9M | $843K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,342.1 | +0.023% | $904K | $693K | 75x | as long as short |
| Extended PAXG-USD | +0.0032% | 1h | 4,336.7 | −0.100% | $379K | $1.4M | 25x | as long as short |
Hibachi PAXG/USDT-P
Lighter PAXG
ApeX Omni PAXGUSDT
GRVT PAXG_USDT_Perp
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Extended PAXG-USDShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC PAXG_USDT | +0.0032% | 4h | 4,340.4 | −0.015% | $16.1M | $1.0M | 100x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.144% | $1K | $151K | 30x | as long as short |
| Binance PAXGUSDT | +0.0034% | 4h | 4,337.7 | −0.078% | $80.0M | $70.5M | 75x | as long as short |
| Kraken Futures PF_PAXGUSD | +0.0065% | 1h | 4,340.9 | −0.004% | $1.3M | $1.5M | 20x | as long as short |
| Aster PAXGUSDT | +0.0078% | 4h | 4,338.7 | −0.054% | $905K | $26K | 50x | as long as short |
| Hyperliquid PAXG | +0.0095% | 1h | 4,337.9 | −0.073% | $20.8M | $2.3M | 10x | as long as short |
| Paradex PAXG-USD-PERP | +0.0099% | 8h | 4,338.5 | −0.060% | $81K | $3.4M | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,338.1 | −0.068% | $557 | — | 10x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,340.3 | −0.017% | $1.0M | $341K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,338.5 | −0.059% | $14.8M | $3.8M | 75x | as long as short |
| KuCoin PAXGUSDTMlong | +0.0100% | 4h | 4,341.1 | long leg | $28.6M | $5.3M | 30x | |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,338.7 | −0.056% | $9.7M | $15.2M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,339.2 | −0.043% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,340.4 | −0.015% | $1.3M | $799K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,338.7 | −0.055% | $12.3M | $222K | — | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,339 | −0.048% | $1.5M | $38K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,339.6 | −0.033% | $21K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0296% | 1h | 4,342.3 | +0.029% | $955K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0872% | 1h | 4,350.5 | +0.217% | $29K | $24K | 10x | as long as short |
MEXC PAXG_USDT
Injective PAXG/USDC PERP
Binance PAXGUSDT
Kraken Futures PF_PAXGUSD
Aster PAXGUSDT
Hyperliquid PAXG
Paradex PAXG-USD-PERP
Orderly PERP_PAXG_USDC_mythos
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