Funding you earn now, next payment 11:00 UTC−0.0187%/8h= −20.5% APRpaid last 24h −0.033%
Price spread now: HTX against Kraken Futures+0.087%7-day average +0.123% · you sell dearer than you buy
Net, funding: paid 7d − costs−$89as in the Funding arb table
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$490.493% of the position
Funding, last 7 days−0.401%−$40 on $10k
+Price spread, last 4 days (all we have)−0.004%$0 · spread now +0.087%, 7d avg +0.123%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and HTX is 0.036% cheaper against Kraken Futures than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.123%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_PAXGUSD | 4,331.9 | 0.0187 | pay 0.0023% / 1h | 44m 10s | $1.2M | $2.1M | 20x |
| Short | HTX PAXG-USDT | 4,335.7 | 0 | get 0.0000% / 4h | 1h 44m | $913K | $824K | 75x |
Kraken Futures PF_PAXGUSD
HTX PAXG-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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
- −$39.26
- Price spread: +0.087% → +0.123%
- −$3.63
- Slippage, 4 orders
- −$27.33
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$92.22
- Costs to cover
- 0.493%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 2 min ago; HTX: 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 Kraken Futures live order book, 2 min ago | 0.58 bp | 6.6 bp −$7 | 14.0 bp −$140 | 38.4 bp −$3,838 | doesn't fit |
| Sell HTX live order book, 3 min ago | 2.24 bp | 16.8 bp −$17 | 19.7 bp −$197 | 23.8 bp −$2,375 | 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 | −0.0724% | 1h | 4,332.7 | +0.019% | $117K | $16K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,332.7 | +0.018% | $15.7M | $4.0M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,326.2 | −0.132% | $2K | $2.8M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,335.3 | +0.077% | $7.9M | $180K | 50x | as long as short |
| HTX PAXG-USDTshort | 0.0000% | 4h | 4,335.7 | +0.087% | $913K | $824K | 75x | |
| Lighter PAXG | +0.0024% | 1h | 4,329.4 | −0.059% | $1.4M | $499K | 25x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.355% | $1K | $151K | 30x | as long as short |
| Paradex PAXG-USD-PERP | +0.0098% | 8h | 4,328.8 | −0.073% | $80K | $4.2M | 50x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,330.9 | −0.023% | $21.3M | $2.5M | 10x | as long as short |
| Aster PAXGUSDT | +0.0100% | 4h | 4,332.3 | +0.010% | $907K | $41K | 50x | as long as short |
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
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 | 4,331.9 | +0.001% | $1.0M | $306K | 10x | as long as short |
| Binance PAXGUSDT | +0.0100% | 4h | 4,331.4 | −0.013% | $80.2M | $81.6M | 75x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,331.3 | −0.015% | $14.9M | $4.7M | 75x | as long as short |
| MEXC PAXG_USDT | +0.0100% | 4h | 4,334.8 | +0.066% | $16.6M | $1.2M | 100x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,333.6 | +0.038% | $28.8M | $5.9M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,331.2 | −0.016% | $9.2M | $16.8M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,331.6 | −0.008% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,331.1 | −0.019% | $1.2M | $872K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,329.6 | −0.052% | $12.2M | $278K | — | as long as short |
| GRVT PAXG_USDT_Perp | +0.0100% | 4h | 4,332.8 | +0.021% | $1.5M | $1.9M | 10x | as long as short |
| ApeX Omni PAXGUSDT | +0.0100% | 1h | 4,330.7 | −0.028% | $262K | $798K | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,329.7 | −0.051% | $556 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,326 | −0.137% | $1.5M | $82K | 50x | as long as short |
| Extended PAXG-USD | +0.0104% | 1h | 4,329.8 | −0.049% | $373K | $1.5M | 25x | as long as short |
| Kraken Futures PF_PAXGUSDlong | +0.0187% | 1h | 4,331.9 | long leg | $1.2M | $2.1M | 20x | |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,329.3 | −0.061% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0264% | 1h | 4,337.6 | +0.131% | $928K | $1.1M | 50x | as long as short |
| Hibachi PAXG/USDT-P | +0.0328% | 1h | 4,330.8 | −0.025% | $43K | $181K | 20x | as long as short |
| 01 Exchange PAXGUSD | +0.0968% | 1h | 4,340.9 | +0.207% | $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