Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: KuCoin against Backpack+0.085%7-day average +0.014% · you sell dearer than you buy
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$280.278% of the position
Funding, last 7 days+0.001%$0 on $10k
+Price spread, last 7 days−0.204%−$20 · spread now +0.085%, 7d avg +0.014%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.071% dearer against Backpack than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.014%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack PAXG_USDC_PERP | 4,317 | 0.0100 | pay 0.0013% / 1h | 45m 28s | $1.3M | $814K | 50x |
| Short | KuCoin PAXGUSDTM | 4,320.7 | 0.0100 | get 0.0050% / 4h | 1h 45m | $28.6M | $5.3M | 30x |
Backpack PAXG_USDC_PERP
KuCoin PAXGUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Backpack. 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
- $0
- Price spread: +0.085% → +0.014%
- $7.1
- Slippage, 4 orders
- −$5.79
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$20.68
- Costs to cover
- 0.278%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 4 min ago; KuCoin: live order book, 3 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 Backpack live order book, 4 min ago | 0.01 bp | 5.4 bp −$5 | 6.1 bp −$61 | 159.9 bp −$16.0K | doesn't fit |
| Sell KuCoin live order book, 3 min ago | 0.13 bp | 8.6 bp −$9 | 13.9 bp −$139 | doesn't fit | 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 | −0.0208% | 1h | 4,315.5 | −0.035% | $1.4M | $465K | 25x | as long as short |
| Hibachi PAXG/USDT-P | −0.0168% | 1h | 4,317.6 | +0.014% | $46K | $169K | 20x | as long as short |
| GRVT PAXG_USDT_Perp | −0.0104% | 4h | 4,315.2 | −0.042% | $1.5M | $2.0M | 10x | as long as short |
| ApeX Omni PAXGUSDT | −0.0053% | 1h | 4,314.9 | −0.049% | $261K | $771K | 50x | as long as short |
| Kraken Futures PF_PAXGUSD | −0.0044% | 1h | 4,317.2 | +0.006% | $1.2M | $1.9M | 20x | as long as short |
| Extended PAXG-USD | −0.0008% | 1h | 4,316.3 | −0.016% | $378K | $1.1M | 25x | as long as short |
| Binance PAXGUSDT | −0.0006% | 4h | 4,318.5 | +0.035% | $79.5M | $74.9M | 75x | as long as short |
| MEXC PAXG_USDT | −0.0004% | 4h | 4,322.6 | +0.131% | $16.5M | $1.0M | 100x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,317.9 | +0.021% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,318.8 | +0.042% | $15.6M | $3.8M | 100x | as long as short |
Lighter PAXG
Hibachi PAXG/USDT-P
GRVT PAXG_USDT_Perp
ApeX Omni PAXGUSDT
Kraken Futures PF_PAXGUSD
Extended PAXG-USD
Binance PAXGUSDT
MEXC PAXG_USDT
dYdX PAXG-USD
Gate PAXG_USDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX PAXG-USDT | 0.0000% | 4h | 4,312.7 | −0.099% | $2K | $3.4M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,320.7 | +0.086% | $7.9M | $851K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,322 | +0.117% | $904K | $767K | 75x | as long as short |
| Aster PAXGUSDT | +0.0016% | 4h | 4,320 | +0.070% | $901K | $27K | 50x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.703% | $1K | $151K | 30x | as long as short |
| Paradex PAXG-USD-PERP | +0.0097% | 8h | 4,317.3 | +0.007% | $87K | $3.2M | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,316.1 | −0.020% | $554 | — | 10x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,318.8 | +0.042% | $20.7M | $2.4M | 10x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,319.2 | +0.051% | $1.0M | $317K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,319.2 | +0.052% | $14.9M | $4.1M | 75x | as long as short |
| KuCoin PAXGUSDTMshort | +0.0100% | 4h | 4,320.7 | +0.085% | $28.6M | $5.3M | 30x | |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,317.8 | +0.019% | $9.4M | $16.6M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,319.1 | +0.049% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERPlong | +0.0100% | 1h | 4,317 | long leg | $1.3M | $814K | 50x | |
| Variational Omni PAXG | +0.0100% | 4h | 4,316.5 | −0.011% | $12.2M | $221K | — | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,316 | −0.022% | $1.5M | $52K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,317.9 | +0.023% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0232% | 1h | 4,319 | +0.047% | $975K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0800% | 1h | 4,329 | +0.279% | $29K | $23K | 10x | as long as short |
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Aster PAXGUSDT
Injective PAXG/USDC PERP
Paradex PAXG-USD-PERP
Orderly PERP_PAXG_USDC_mythos
Hyperliquid PAXG
Pacifica PAXG
Bybit PAXGUSDT
Bitget PAXGUSDT
BingX PAXG-USDT
Variational Omni PAXG
Phemex PAXGUSDT
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD