Funding you earn now, next payment 08:00 UTC+0.0055%/8h= +6.1% APRnext payment +$0.07 per $10,000 · paid last 24h −0.041%
Price spread now: dYdX against Kraken Futures+0.034%7-day average −0.018% · you sell dearer than you buy
Net, funding: paid 7d − costs−$264as in the Funding arb table
Net, price: spread back to 7d avg − costs−$201as in the Price arb table
costs, in and out, $10k−$2062.063% of the position
Funding, last 7 days−0.572%−$57 on $10k
+Price spread, last 4 days (all we have)−0.093%−$9 · spread now +0.034%, 7d avg −0.018%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and dYdX is 0.052% dearer against Kraken Futures than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.018%. Mind the row above: over the last 7 days funding on this pair cost −0.572%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_PAXGUSD | 4,301 | −0.0055 | get 0.0007% / 1h | 2m 01s | $1.2M | $1.7M | 20x |
| Short | dYdX PAXG-USD | 4,302.5 | 0 | get 0.0000% / 1h | 2m 01s | $100K | $12K | 5x |
Kraken Futures PF_PAXGUSD
dYdX PAXG-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX against Kraken Futures. 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
- $11.65
- Price spread: +0.034% → −0.018%
- $5.2
- Slippage, 4 orders
- −$186.32
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$189.47
- Costs to cover
- 2.063%
- Break-even
- 120.8 days
Slippage from Kraken Futures: live order book, 1 min ago; dYdX: live order book, 37 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 Kraken Futures live order book, 1 min ago | 0.93 bp | 7.7 bp −$8 | 12.0 bp −$120 | 37.9 bp −$3,788 | doesn't fit |
| Sell dYdX live order book, 37 min ago | 89.55 bp | 94.6 bp −$95 | 140.9 bp −$1,409 | 236.9 bp −$23.7K | 698.1 bp −$349.0K |
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 | 4,299 | −0.047% | $1.4M | $608K | 25x | as long as short |
| Hibachi PAXG/USDT-P | −0.0160% | 1h | 4,303.3 | +0.052% | $42K | $171K | 20x | as long as short |
| GRVT PAXG_USDT_Perp | −0.0122% | 4h | 4,304.5 | +0.081% | $1.5M | $2.0M | 10x | as long as short |
| Kraken Futures PF_PAXGUSDlong | −0.0055% | 1h | 4,301 | long leg | $1.2M | $1.7M | 20x | |
| dYdX PAXG-USDshort | 0.0000% | 1h | 4,302.5 | +0.034% | $100K | $12K | 5x | |
| Gate PAXG_USDT | 0.0000% | 8h | 4,302.6 | +0.037% | $15.5M | $3.9M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,296.5 | −0.105% | $2K | $3.2M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,305.5 | +0.103% | $7.9M | $599K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,308 | +0.163% | $903K | $802K | 75x | as long as short |
| MEXC PAXG_USDT | +0.0022% | 4h | 4,307.1 | +0.142% | $16.6M | $1.2M | 100x | as long as short |
Lighter PAXG
Hibachi PAXG/USDT-P
GRVT PAXG_USDT_Perp
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 | +0.0023% | 4h | 4,301 | 0.000% | $80.0M | $78.4M | 75x | as long as short |
| Extended PAXG-USD | +0.0024% | 1h | 4,299.9 | −0.026% | $377K | $1.6M | 25x | as long as short |
| ApeX Omni PAXGUSDT | +0.0027% | 1h | 4,304 | +0.069% | $261K | $773K | 50x | as long as short |
| Aster PAXGUSDT | +0.0029% | 4h | 4,302.2 | +0.028% | $897K | $29K | 50x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +1.076% | $1K | $151K | 30x | as long as short |
| Bitget PAXGUSDT | +0.0038% | 4h | 4,300.5 | −0.013% | $9.4M | $16.0M | 50x | as long as short |
| Paradex PAXG-USD-PERP | +0.0097% | 8h | 4,300.9 | −0.003% | $85K | $4.1M | 50x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,300.7 | −0.008% | $20.7M | $2.4M | 10x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,303.1 | +0.048% | $1.0M | $302K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,301.8 | +0.018% | $14.9M | $4.0M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,302.7 | +0.038% | $28.5M | $5.3M | 30x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,301.9 | +0.021% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,301.5 | +0.011% | $1.2M | $844K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,303.7 | +0.061% | $12.2M | $219K | — | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,301.4 | +0.009% | $552 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,301 | −0.001% | $1.5M | $66K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,300.4 | −0.014% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0224% | 1h | 4,308 | +0.163% | $946K | $1.0M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0904% | 1h | 4,312.2 | +0.260% | $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
Bybit PAXGUSDT
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