Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.50 per $10,000 · paid last 24h −0.028%
Price spread now: HTX against KuCoin+0.074%7-day average +0.104% · you sell dearer than you buy
Net, funding: paid 7d − costs−$59as in the Funding arb table
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$500.504% of the position
Funding, last 7 days−0.083%−$8 on $10k
+Price spread, last 4 days (all we have)+0.028%+$3 · spread now +0.074%, 7d avg +0.104%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and HTX is 0.030% cheaper against KuCoin than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.104%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin PAXGUSDTM | 4,305.1 | 0.0100 | pay 0.0050% / 4h | 3m 20s | $28.5M | $5.3M | 30x |
| Short | HTX PAXG-USDT | 4,308.3 | 0 | get 0.0000% / 4h | 3m 20s | $903K | $802K | 75x |
KuCoin PAXGUSDTM
HTX PAXG-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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: +0.074% → +0.104%
- −$2.97
- Slippage, 4 orders
- −$26.43
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$74.4
- Costs to cover
- 0.504%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 6 min ago; HTX: live order book, 35 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, 6 min ago | 0.08 bp | 9.2 bp −$9 | 23.9 bp −$239 | doesn't fit | doesn't fit |
| Sell HTX live order book, 35 min ago | 1.02 bp | 13.1 bp −$13 | 15.9 bp −$159 | 19.1 bp −$1,908 | 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 | −0.0192% | 1h | 4,301.6 | −0.081% | $1.4M | $557K | 25x | as long as short |
| Hibachi PAXG/USDT-P | −0.0160% | 1h | 4,303.3 | −0.043% | $42K | $171K | 20x | as long as short |
| GRVT PAXG_USDT_Perp | −0.0122% | 4h | 4,304.5 | −0.014% | $1.5M | $2.0M | 10x | as long as short |
| Kraken Futures PF_PAXGUSD | −0.0055% | 1h | 4,303.7 | −0.033% | $1.2M | $1.7M | 20x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,306 | +0.020% | $100K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,305.2 | +0.002% | $15.6M | $3.9M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,299.9 | −0.122% | $2K | $3.2M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,308.1 | +0.069% | $7.9M | $599K | 50x | as long as short |
| HTX PAXG-USDTshort | 0.0000% | 4h | 4,308.3 | +0.074% | $903K | $802K | 75x | |
| MEXC PAXG_USDT | +0.0022% | 4h | 4,309.4 | +0.100% | $16.6M | $1.1M | 100x | as long as short |
Lighter PAXG
Hibachi PAXG/USDT-P
GRVT PAXG_USDT_Perp
Kraken Futures PF_PAXGUSD
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
MEXC PAXG_USDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance PAXGUSDT | +0.0022% | 4h | 4,303.7 | −0.033% | $80.0M | $77.6M | 75x | as long as short |
| Extended PAXG-USD | +0.0024% | 1h | 4,302.6 | −0.059% | $376K | $1.5M | 25x | as long as short |
| ApeX Omni PAXGUSDT | +0.0027% | 1h | 4,304 | −0.026% | $261K | $773K | 50x | as long as short |
| Aster PAXGUSDT | +0.0029% | 4h | 4,303.9 | −0.028% | $898K | $29K | 50x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.980% | $1K | $151K | 30x | as long as short |
| Bitget PAXGUSDT | +0.0038% | 4h | 4,303.3 | −0.042% | $9.5M | $16.0M | 50x | as long as short |
| Paradex PAXG-USD-PERP | +0.0097% | 8h | 4,303.1 | −0.047% | $85K | $4.1M | 50x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,303.5 | −0.038% | $20.7M | $2.4M | 10x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,304.8 | −0.007% | $1.0M | $302K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,304.2 | −0.022% | $15.0M | $4.0M | 75x | as long as short |
| KuCoin PAXGUSDTMlong | +0.0100% | 4h | 4,305.1 | long leg | $28.5M | $5.3M | 30x | |
| BingX PAXG-USDT | +0.0100% | 4h | 4,305 | −0.004% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,303.5 | −0.038% | $1.3M | $833K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,303.7 | −0.034% | $12.2M | $219K | — | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,303.8 | −0.031% | $552 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,304 | −0.026% | $1.5M | $65K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,303.4 | −0.041% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0224% | 1h | 4,308 | +0.068% | $946K | $1.0M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0912% | 1h | 4,314.6 | +0.220% | $29K | $23K | 10x | as long as short |
Binance PAXGUSDT
Extended PAXG-USD
ApeX Omni PAXGUSDT
Aster PAXGUSDT
Injective PAXG/USDC PERP
Bitget PAXGUSDT
Paradex PAXG-USD-PERP
Hyperliquid PAXG
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