Funding you earn now, next payment 01:00 UTC+0.0207%/8h= +22.7% APRpaid last 24h +0.030%
Price spread now: Kraken Futures against Gate+0.008%51s7-day average −0.037% · you sell dearer than you buy
Net, funding: paid 7d − costs+$18as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$330.330% of the position
Funding, last 7 days+0.509%+$51 on $10k
+Price spread, last 3 days (all we have)+0.015%+$1 · spread now +0.008%, 7d avg −0.037%
=Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Kraken Futures is 0.045% dearer against Gate than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.037%. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate PAXG_USDT | 4,368.3 | 0 | get 0.0000% / 8h | 7h 51m | $15.8M | $3.4M | 100x |
| Short | Kraken Futures PF_PAXGUSD | 4,368.6 | 0.0207 | get 0.0026% / 1h | 51m 28s | $1.3M | $1.5M | 20x |
Gate PAXG_USDT
Kraken Futures PF_PAXGUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Gate. 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
- $43.57
- Price spread: +0.008% → −0.037%
- $4.47
- Slippage, 4 orders
- −$8.03
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $15
- Costs to cover
- 0.330%
- Break-even
- 4.6 days
Slippage from Gate: live order book, 2 min ago; Kraken Futures: live order book, 2 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 Gate live order book, 2 min ago | 0.80 bp | 9.3 bp −$9 | 12.6 bp −$126 | 26.3 bp −$2,632 | 61.4 bp −$30.7K |
| Sell Kraken Futures live order book, 2 min ago | 0.69 bp | 6.2 bp −$6 | 12.6 bp −$126 | 39.5 bp −$3,954 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX PAXG-USD | 0.0000% | 1h | 4,367.1 | −0.028% | $102K | $12K | 5x | as long as short |
| Gate PAXG_USDTlong | 0.0000% | 8h | 4,368.3 | long leg | $15.8M | $3.4M | 100x | |
| SunX PAXG-USDT | 0.0000% | 4h | 4,363.1 | −0.119% | $2K | $3.9M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,371.3 | +0.069% | $8.0M | $871K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,369.5 | +0.028% | $912K | $656K | 75x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | −0.481% | $1K | $151K | 30x | as long as short |
| Lighter PAXG | +0.0096% | 1h | 4,366.6 | −0.040% | $1.4M | $267K | 25x | as long as short |
| Paradex PAXG-USD-PERP | +0.0100% | 8h | 4,366.8 | −0.035% | $81K | $3.7M | 50x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,365.8 | −0.057% | $20.7M | $2.1M | 10x | as long as short |
| Aster PAXGUSDT | +0.0100% | 4h | 4,367.8 | −0.012% | $911K | $30K | 50x | as long as short |
dYdX PAXG-USD
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Injective PAXG/USDC PERP
Lighter PAXG
Paradex PAXG-USD-PERP
Hyperliquid PAXG
Aster PAXGUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica PAXG | +0.0100% | 1h | 4,368.6 | +0.008% | $1.0M | $365K | 10x | as long as short |
| Binance PAXGUSDT | +0.0100% | 4h | 4,366.1 | −0.050% | $80.3M | $70.9M | 75x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,367.4 | −0.020% | $15.1M | $3.7M | 75x | as long as short |
| MEXC PAXG_USDT | +0.0100% | 4h | 4,364.4 | −0.090% | $16.2M | $1.1M | 100x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,368.5 | +0.005% | $28.5M | $5.6M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,367 | −0.029% | $9.7M | $15.4M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,366.8 | −0.035% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,368.3 | 0.000% | $1.4M | $973K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,367 | −0.030% | $12.5M | $104K | — | as long as short |
| GRVT PAXG_USDT_Perp | +0.0100% | 4h | 4,367.6 | −0.016% | $1.5M | $2.0M | 10x | as long as short |
| ApeX Omni PAXGUSDT | +0.0100% | 1h | 4,366.4 | −0.043% | $264K | $792K | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,365.8 | −0.057% | $560 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,363 | −0.121% | $1.5M | $39K | 50x | as long as short |
| Extended PAXG-USD | +0.0104% | 1h | 4,366.6 | −0.038% | $386K | $1.3M | 25x | as long as short |
| Hibachi PAXG/USDT-P | +0.0128% | 1h | 4,367.5 | −0.018% | $42K | $155K | 20x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,366.3 | −0.045% | $21K | — | 100x | as long as short |
| Kraken Futures PF_PAXGUSDshort | +0.0207% | 1h | 4,368.6 | +0.008% | $1.3M | $1.5M | 20x | |
| Coinbase International PAXG-PERP-INTX | +0.0304% | 1h | 4,371.6 | +0.075% | $977K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0984% | 1h | 4,397.3 | +0.664% | $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
Hibachi PAXG/USDT-P
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD