data as of
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Funding arb /

PAXG

all PAXG markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding spread now, next payment 18:00 UTC−0.0031%/8h
paid, last 24h−0.003%paid, last 7 days+0.336%to open and close $10k−$66
Long on PhemexShort on Kraken Futures
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex PAXGUSDT4,3320.0100pay 0.0050% / 4h2h 25m$1.5M$36K50x
ShortKraken Futures PF_PAXGUSD4,337.20.0069get 0.0009% / 1h25m 43s$1.3M$1.1M20x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
−$6.46
Slippage, 4 orders
−$44.4
Fee Phemex: 6 bp × 2 orders
−$12
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$72.86
Break-even
never at this rate
Slippage from Phemex: live order book, 4 min ago; Kraken Futures: live order book, 4 min ago.

Price risk

price view
Price gap now
+0.120%
Avg gap 7d
+0.071%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Phemex live order book, 4 min ago5.76 bp25.2 bp −$25doesn't fitdoesn't fitdoesn't fit
Sell Kraken Futures live order book, 4 min ago0.92 bp7.5 bp −$815.2 bp −$15239.9 bp −$3,987doesn't fit

PAXG on 28 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Hibachi PAXG/USDT-P−0.0448%1h$41K$150K20xas long as short
dYdX PAXG-USD0.0000%1h$101K$19K5xas long as short
Gate PAXG_USDT0.0000%8h$15.7M$4.4M100xas long as short
SunX PAXG-USDT0.0000%4h$2K$4.2M20xas long as short
Deribit PAXG_USDC-PERPETUAL0.0000%1h$7.9M$833K50xas long as short
HTX PAXG-USDT0.0000%4h$908K$649K75xas long as short
Injective PAXG/USDC PERP+0.0033%1h$1K$97K30xas long as short
Kraken Futures PF_PAXGUSDshort+0.0069%1h$1.3M$1.1M20x
Lighter PAXG+0.0080%1h$1.4M$705K25xas long as short
Paradex PAXG-USD-PERP+0.0100%8h$84K$3.9M50xas long as short
Show all 28 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Hyperliquid PAXG+0.0100%1h$20.3M$1.8M10xas long as short
Aster PAXGUSDT+0.0100%4h$904K$71K50xas long as short
Pacifica PAXG+0.0100%1h$1.0M$392K10xas long as short
Binance PAXGUSDT+0.0100%4h$79.4M$68.0M75xas long as short
Bybit PAXGUSDT+0.0100%4h$15.0M$3.5M75xas long as short
MEXC PAXG_USDT+0.0100%4h$15.9M$1.3M100xas long as short
KuCoin PAXGUSDTM+0.0100%4h$26.8M$5.0M30xas long as short
Bitget PAXGUSDT+0.0100%4h$9.2M$13.2M50xas long as short
BingX PAXG-USDT+0.0100%4h—$6.8M—as long as short
Backpack PAXG_USDC_PERP+0.0100%1h$1.1M$1.1M50xas long as short
Variational Omni PAXG+0.0100%4h$12.5M$85K—as long as short
ApeX Omni PAXGUSDT+0.0100%1h$262K$789K50xas long as short
Orderly PERP_PAXG_USDC_mythos+0.0100%4h$556—10xas long as short
Phemex PAXGUSDTlong+0.0100%4h$1.5M$36K50x
Extended PAXG-USD+0.0104%1h$376K$1.2M25xas long as short
Reya PAXGRUSDPERP+0.0189%1h$21K—100xas long as short
Coinbase International PAXG-PERP-INTX+0.0296%1h$969K$1.1M50xas long as short
01 Exchange PAXGUSD+0.0408%1h$15K$3K10xas long as short