Funding you earn now, next payment 11:00 UTC+0.0187%/8h= +20.5% APRnext payment +$0.23 per $10,000 · paid last 24h +0.033%
Price spread now: Kraken Futures against Deribit−0.065%7-day average −0.036% · you buy dearer than you sell
Net, funding: paid 7d − costs+$21as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$310.313% of the position
Funding, last 7 days+0.522%+$52 on $10k
+Price spread, last 4 days (all we have)+0.071%+$7 · spread now −0.065%, 7d avg −0.036%
=Funding pays, the price is against you. Kraken Futures is 0.029% cheaper against Deribit than usual: you would sell low and buy high (spread −0.065% now, against its 7-day average of −0.036%). If the spread goes back, that is −$3 on $10k: about 12 hours of funding at the current rate (+$6 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit PAXG_USDC-PERPETUAL | 4,336 | 0 | get 0.0000% / 1h | 46m 37s | $7.9M | $180K | 50x |
| Short | Kraken Futures PF_PAXGUSD | 4,333.2 | 0.0187 | get 0.0023% / 1h | 46m 37s | $1.2M | $2.1M | 20x |
Deribit PAXG_USDC-PERPETUAL
Kraken Futures PF_PAXGUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Deribit. 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
- $39.25
- Price spread: −0.065% → −0.036%
- −$2.85
- Slippage, 4 orders
- −$14.27
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $5.13
- Costs to cover
- 0.313%
- Break-even
- 6.1 days
Slippage from Deribit: live order book, 6 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 Deribit live order book, 6 min ago | 3.50 bp | 8.4 bp −$8 | 15.0 bp −$150 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 5 min ago | 0.58 bp | 7.0 bp −$7 | 12.6 bp −$126 | 38.2 bp −$3,825 | doesn't fit |
PAXG on 29 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX PAXG-USD | −0.0836% | 1h | 4,332.7 | −0.077% | $117K | $16K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,333.7 | −0.054% | $15.7M | $4.0M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,329 | −0.162% | $1K | $2.8M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUALlong | 0.0000% | 1h | 4,336 | long leg | $7.9M | $180K | 50x | |
| HTX PAXG-USDT | 0.0000% | 4h | 4,335.5 | −0.013% | $913K | $825K | 75x | as long as short |
| Lighter PAXG | +0.0024% | 1h | 4,330.4 | −0.131% | $1.4M | $499K | 25x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.260% | $1K | $151K | 30x | as long as short |
| Paradex PAXG-USD-PERP | +0.0098% | 8h | 4,330.2 | −0.135% | $80K | $4.2M | 50x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,331.9 | −0.096% | $21.3M | $2.5M | 10x | as long as short |
| Aster PAXGUSDT | +0.0100% | 4h | 4,333.7 | −0.055% | $907K | $41K | 50x | as long as short |
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
HTX PAXG-USDT
Lighter PAXG
Injective PAXG/USDC PERP
Paradex PAXG-USD-PERP
Hyperliquid PAXG
Aster PAXGUSDTShow all 29 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica PAXG | +0.0100% | 1h | 4,333.6 | −0.056% | $1.0M | $306K | 10x | as long as short |
| Binance PAXGUSDT | +0.0100% | 4h | 4,332.3 | −0.087% | $80.3M | $81.6M | 75x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,332.3 | −0.086% | $14.9M | $4.7M | 75x | as long as short |
| MEXC PAXG_USDT | +0.0100% | 4h | 4,336.4 | +0.009% | $16.6M | $1.2M | 100x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,335.5 | −0.012% | $28.9M | $5.9M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,331.7 | −0.100% | $9.2M | $16.8M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,332.6 | −0.079% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,332.9 | −0.072% | $1.2M | $872K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,333.6 | −0.055% | $12.2M | $279K | — | as long as short |
| GRVT PAXG_USDT_Perp | +0.0100% | 4h | 4,333.2 | −0.067% | $1.5M | $1.9M | 10x | as long as short |
| ApeX Omni PAXGUSDT | +0.0100% | 1h | 4,333.6 | −0.056% | $262K | $798K | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,332.3 | −0.086% | $556 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,329 | −0.163% | $1.5M | $82K | 50x | as long as short |
| Extended PAXG-USD | +0.0104% | 1h | 4,330.9 | −0.119% | $374K | $1.5M | 25x | as long as short |
| Kraken Futures PF_PAXGUSDshort | +0.0187% | 1h | 4,333.2 | −0.065% | $1.2M | $2.1M | 20x | |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,331 | −0.117% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0264% | 1h | 4,337.6 | +0.036% | $928K | $1.1M | 50x | as long as short |
| Hibachi PAXG/USDT-P | +0.0328% | 1h | 4,335.5 | −0.014% | $43K | $181K | 20x | as long as short |
| 01 Exchange PAXGUSD | +0.0976% | 1h | 4,344.7 | +0.200% | $29K | $23K | 10x | as long as short |
Pacifica PAXG
Binance PAXGUSDT
Bybit PAXGUSDT
MEXC PAXG_USDT
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
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
Hibachi PAXG/USDT-P
01 Exchange PAXGUSD