PAXG

Alert

Funding spread now, next payment 18:00 UTC−0.0339%/8h

next payment, per $10,000−$0.42paid, last 24h−0.199%paid, last 3 days+0.180%to open and closeno order book

Long on 01 Exchange Short on Kraken Futures

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange PAXGUSD	4,345	0.0408	pay 0.0051% / 1h	30m 54s	$15K	$3K	10x
Short	Kraken Futures PF_PAXGUSD	4,341	0.0069	get 0.0009% / 1h	30m 54s	$1.3M	$1.1M	20x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee 01 ExchangebpFee Kraken FuturesbpOrdersRate

Funding earned: −$71.16
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$88.16
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; Kraken Futures: live order book, 4 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.093%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy 01 Exchange no order-book sample	—	—	—	—	—
Sell Kraken Futures live order book, 4 min ago	0.69 bp	7.3 bp −$7	15.5 bp −$155	40.3 bp −$4,034	doesn't fit

01 Exchange: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

PAXG on 28 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Hibachi PAXG/USDT-P	−0.0448%	1h	$41K	$150K	20x	as long as short
dYdX PAXG-USD	0.0000%	1h	$101K	$19K	5x	as long as short
Gate PAXG_USDT	0.0000%	8h	$15.8M	$4.4M	100x	as long as short
SunX PAXG-USDT	0.0000%	4h	$2K	$4.2M	20x	as long as short
Deribit PAXG_USDC-PERPETUAL	0.0000%	1h	$7.9M	$833K	50x	as long as short
HTX PAXG-USDT	0.0000%	4h	$909K	$647K	75x	as long as short
Injective PAXG/USDC PERP	+0.0033%	1h	$1K	$97K	30x	as long as short
Kraken Futures PF_PAXGUSDshort	+0.0069%	1h	$1.3M	$1.1M	20x
Lighter PAXG	+0.0080%	1h	$1.4M	$705K	25x	as long as short
Paradex PAXG-USD-PERP	+0.0100%	8h	$84K	$3.8M	50x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Hyperliquid PAXG	+0.0100%	1h	$20.3M	$1.7M	10x	as long as short
Aster PAXGUSDT	+0.0100%	4h	$904K	$71K	50x	as long as short
Pacifica PAXG	+0.0100%	1h	$1.0M	$392K	10x	as long as short
Binance PAXGUSDT	+0.0100%	4h	$79.4M	$67.9M	75x	as long as short
Bybit PAXGUSDT	+0.0100%	4h	$15.0M	$3.6M	75x	as long as short
MEXC PAXG_USDT	+0.0100%	4h	$15.9M	$1.3M	100x	as long as short
KuCoin PAXGUSDTM	+0.0100%	4h	$26.7M	$5.0M	30x	as long as short
Bitget PAXGUSDT	+0.0100%	4h	$9.2M	$13.2M	50x	as long as short
BingX PAXG-USDT	+0.0100%	4h	—	$6.8M	—	as long as short
Backpack PAXG_USDC_PERP	+0.0100%	1h	$1.1M	$1.1M	50x	as long as short
Variational Omni PAXG	+0.0100%	4h	$12.5M	$85K	—	as long as short
ApeX Omni PAXGUSDT	+0.0100%	1h	$262K	$791K	50x	as long as short
Orderly PERP_PAXG_USDC_mythos	+0.0100%	4h	$557	—	10x	as long as short
Phemex PAXGUSDT	+0.0100%	4h	$1.5M	$36K	50x	as long as short
Extended PAXG-USD	+0.0104%	1h	$376K	$1.2M	25x	as long as short
Reya PAXGRUSDPERP	+0.0189%	1h	$21K	—	100x	as long as short
Coinbase International PAXG-PERP-INTX	+0.0296%	1h	$969K	$1.1M	50x	as long as short
01 Exchange PAXGUSDlong	+0.0408%	1h	$15K	$3K	10x