Funding you earn now, next payment 08:00 UTC−0.0155%/8h= −17.0% APRpaid last 24h +0.003%
Price spread now: Kraken Futures against Bybit−0.003%7-day average +0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs+$3as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$290.285% of the position
Funding, last 7 days+0.317%+$32 on $10k
+Price spread, last 4 days (all we have)+0.034%+$3 · spread now −0.003%, 7d avg +0.007%
=The price spread sits at its 7-day average of +0.007%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.317%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit PAXGUSDT | 4,303.5 | 0.0100 | pay 0.0050% / 4h | 3m 44s | $15.0M | $4.0M | 75x |
| Short | Kraken Futures PF_PAXGUSD | 4,303.4 | −0.0055 | pay 0.0007% / 1h | 3m 44s | $1.2M | $1.7M | 20x |
Bybit PAXGUSDT
Kraken Futures PF_PAXGUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Bybit. 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
- −$32.65
- Price spread: −0.003% → +0.007%
- −$1
- Slippage, 4 orders
- −$7.54
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$62.18
- Costs to cover
- 0.285%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 5 min ago; 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 Bybit live order book, 5 min ago | 0.12 bp | 6.7 bp −$7 | 8.4 bp −$84 | 26.8 bp −$2,679 | doesn't fit |
| Sell Kraken Futures live order book, 5 min ago | 0.12 bp | 7.7 bp −$8 | 16.4 bp −$164 | 44.5 bp −$4,453 | 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 | 4,301.2 | −0.054% | $1.4M | $556K | 25x | as long as short |
| Hibachi PAXG/USDT-P | −0.0160% | 1h | 4,304.3 | +0.019% | $42K | $171K | 20x | as long as short |
| GRVT PAXG_USDT_Perp | −0.0122% | 4h | 4,304.5 | +0.023% | $1.5M | $2.0M | 10x | as long as short |
| Kraken Futures PF_PAXGUSDshort | −0.0055% | 1h | 4,303.4 | −0.003% | $1.2M | $1.7M | 20x | |
| dYdX PAXG-USD | 0.0000% | 1h | 4,306 | +0.057% | $100K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,304.6 | +0.026% | $15.5M | $3.9M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,299.2 | −0.100% | $2K | $3.2M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,307.2 | +0.086% | $7.9M | $599K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,309.2 | +0.133% | $904K | $802K | 75x | as long as short |
| MEXC PAXG_USDT | +0.0022% | 4h | 4,308.9 | +0.125% | $16.6M | $1.1M | 100x | as long as short |
Lighter PAXG
Hibachi PAXG/USDT-P
GRVT PAXG_USDT_Perp
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
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 | −0.011% | $80.0M | $77.6M | 75x | as long as short |
| Extended PAXG-USD | +0.0024% | 1h | 4,301.9 | −0.038% | $376K | $1.5M | 25x | as long as short |
| ApeX Omni PAXGUSDT | +0.0027% | 1h | 4,304 | +0.012% | $261K | $773K | 50x | as long as short |
| Aster PAXGUSDT | +0.0029% | 4h | 4,305.1 | +0.037% | $898K | $29K | 50x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +1.018% | $1K | $151K | 30x | as long as short |
| Bitget PAXGUSDT | +0.0038% | 4h | 4,303.2 | −0.008% | $9.5M | $16.0M | 50x | as long as short |
| Paradex PAXG-USD-PERP | +0.0097% | 8h | 4,303.1 | −0.009% | $85K | $4.1M | 50x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,302.5 | −0.023% | $20.7M | $2.4M | 10x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,304.8 | +0.030% | $1.0M | $302K | 10x | as long as short |
| Bybit PAXGUSDTlong | +0.0100% | 4h | 4,303.5 | long leg | $15.0M | $4.0M | 75x | |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,304.7 | +0.029% | $28.5M | $5.3M | 30x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,304.7 | +0.029% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,303.5 | −0.001% | $1.3M | $833K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,303.7 | +0.004% | $12.2M | $219K | — | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,303.3 | −0.005% | $552 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,304 | +0.012% | $1.5M | $65K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,302.9 | −0.014% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0224% | 1h | 4,308 | +0.105% | $946K | $1.0M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0912% | 1h | 4,314.6 | +0.258% | $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
KuCoin PAXGUSDTM
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