Funding you earn now, next payment 00:00 UTC+0.0185%/8h= +20.3% APRpaid last 24h +0.007%
Price spread now: Kraken Futures against MEXC+0.063%7-day average −0.107% · you sell dearer than you buy
Net, funding: paid 7d − costs+$14as in the Funding arb table
Net, price: spread back to 7d avg − costs−$8as in the Price arb table
costs, in and out, $10k−$250.252% of the position
Funding, last 7 days+0.396%+$40 on $10k
+Price spread, last 3 days (all we have)−0.085%−$9 · spread now +0.063%, 7d avg −0.107%
=Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Kraken Futures is 0.170% dearer against MEXC than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of −0.107%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC PAXG_USDT | 4,361.2 | 0.0100 | pay 0.0050% / 4h | 13m 04s | $16.1M | $1.2M | 100x |
| Short | Kraken Futures PF_PAXGUSD | 4,363.9 | 0.0285 | get 0.0036% / 1h | 13m 04s | $1.3M | $1.4M | 20x |
MEXC PAXG_USDT
Kraken Futures PF_PAXGUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against MEXC. 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
- $38.93
- Price spread: +0.063% → −0.107%
- $16.97
- Slippage, 4 orders
- −$11.19
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $30.71
- Costs to cover
- 0.252%
- Break-even
- 1.5 days
Slippage from MEXC: live order book, just now; Kraken Futures: live order book, 5 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 MEXC live order book, just now | 0.57 bp | 6.3 bp −$6 | 22.7 bp −$227 | 68.0 bp −$6,800 | 146.6 bp −$73.3K |
| Sell Kraken Futures live order book, 5 min ago | 0.57 bp | 6.9 bp −$7 | 13.3 bp −$133 | 39.4 bp −$3,935 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective PAXG/USDC PERP | −0.0007% | 1h | 4,347.3 | −0.318% | $1K | $151K | 30x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,362.4 | +0.028% | $102K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,365.1 | +0.090% | $15.8M | $3.6M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,360.1 | −0.024% | $2K | $3.9M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,366.5 | +0.122% | $7.9M | $866K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,365.9 | +0.108% | $912K | $645K | 75x | as long as short |
| Lighter PAXG | +0.0096% | 1h | 4,362.1 | +0.022% | $1.4M | $272K | 25x | as long as short |
| Paradex PAXG-USD-PERP | +0.0100% | 8h | 4,362.9 | +0.041% | $81K | $3.7M | 50x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,362.8 | +0.037% | $20.5M | $1.9M | 10x | as long as short |
| Aster PAXGUSDT | +0.0100% | 4h | 4,364.1 | +0.066% | $910K | $30K | 50x | as long as short |
Injective PAXG/USDC PERP
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Lighter PAXG
Paradex PAXG-USD-PERP
Hyperliquid PAXG
Aster PAXGUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica PAXG | +0.0100% | 1h | 4,364.3 | +0.072% | $1.0M | $354K | 10x | as long as short |
| Binance PAXGUSDT | +0.0100% | 4h | 4,362.5 | +0.030% | $80.0M | $69.6M | 75x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,364.5 | +0.077% | $15.2M | $3.6M | 75x | as long as short |
| MEXC PAXG_USDTlong | +0.0100% | 4h | 4,361.2 | long leg | $16.1M | $1.2M | 100x | |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,365.5 | +0.100% | $27.4M | $5.4M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,363.3 | +0.048% | $9.7M | $14.8M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,363.5 | +0.053% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,363.9 | +0.061% | $1.4M | $972K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,363.3 | +0.049% | $12.5M | $104K | — | as long as short |
| GRVT PAXG_USDT_Perp | +0.0100% | 4h | 4,363.1 | +0.045% | $1.5M | $2.0M | 10x | as long as short |
| ApeX Omni PAXGUSDT | +0.0100% | 1h | 4,362 | +0.019% | $264K | $794K | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,363.1 | +0.044% | $560 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,360 | −0.027% | $1.5M | $38K | 50x | as long as short |
| Extended PAXG-USD | +0.0104% | 1h | 4,362.7 | +0.034% | $378K | $1.2M | 25x | as long as short |
| Hibachi PAXG/USDT-P | +0.0152% | 1h | 4,364.3 | +0.072% | $48K | $143K | 20x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,363.1 | +0.045% | $21K | — | 100x | as long as short |
| Kraken Futures PF_PAXGUSDshort | +0.0285% | 1h | 4,363.9 | +0.063% | $1.3M | $1.4M | 20x | |
| Coinbase International PAXG-PERP-INTX | +0.0296% | 1h | 4,367.2 | +0.137% | $976K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0968% | 1h | 4,373.5 | +0.282% | $29K | $23K | 10x | as long as short |
Pacifica PAXG
Binance PAXGUSDT
Bybit PAXGUSDT
KuCoin PAXGUSDTM
Bitget PAXGUSDT
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
GRVT PAXG_USDT_Perp
ApeX Omni PAXGUSDT
Orderly PERP_PAXG_USDC_mythos
Phemex PAXGUSDT
Extended PAXG-USD
Hibachi PAXG/USDT-P
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD