PAXG

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0140%/8h= −15.3% APRnext payment −$0.17 per $10,000 · paid last 24h −0.029%

Price spread now: Injective against Kraken Futures+0.004%63s7-day average +0.055% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.424%−$42 on $10k

Price spread, last 4 days (all we have)+0.025%+$2 · spread now +0.004%, 7d avg +0.055%

Together, before fees−0.399%−$40 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Injective is 0.052% cheaper against Kraken Futures than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.055%). Swap the legs. The two prices were read 63 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	Kraken Futures PF_PAXGUSD	4,347.1	0.0173	pay 0.0022% / 1h	27m 30s	$1.3M	$1.4M	20x
Short	Injective PAXG/USDC PERP	4,347.3	0.0033	get 0.0004% / 1h	27m 30s	$1K	$151K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee InjectivebpOrdersPrice spread, now +0.004%Rate

Funding earned: −$29.34
Price spread: +0.004% → +0.055%: −$5.17
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$44.53
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 1 min ago; Injective: no order-book sample. Net counts fees only.

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	0.46 bp	6.9 bp −$7	11.6 bp −$116	36.9 bp −$3,688	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	4,344.4	−0.064%	$101K	$12K	5x	as long as short
Gate PAXG_USDT	0.0000%	8h	4,349.7	+0.059%	$15.6M	$3.5M	100x	as long as short
SunX PAXG-USDT	0.0000%	4h	4,342.9	−0.098%	$2K	$3.7M	20x	as long as short
Deribit PAXG_USDC-PERPETUAL	0.0000%	1h	4,349.1	+0.046%	$7.9M	$868K	50x	as long as short
HTX PAXG-USDT	0.0000%	4h	4,349.5	+0.055%	$906K	$653K	75x	as long as short
Hibachi PAXG/USDT-P	+0.0024%	1h	4,345.7	−0.033%	$41K	$156K	20x	as long as short
Injective PAXG/USDC PERPshort	+0.0033%	1h	4,347.3	+0.004%	$1K	$151K	30x
GRVT PAXG_USDT_Perp	+0.0070%	4h	4,345.3	−0.042%	$1.5M	$1.9M	10x	as long as short
Lighter PAXG	+0.0096%	1h	4,345.5	−0.037%	$1.4M	$349K	25x	as long as short
Paradex PAXG-USD-PERP	+0.0100%	8h	4,346.3	−0.020%	$80K	$3.7M	50x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid PAXG	+0.0100%	1h	4,347.9	+0.017%	$20.8M	$2.4M	10x	as long as short
Aster PAXGUSDT	+0.0100%	4h	4,346.6	−0.012%	$907K	$30K	50x	as long as short
Pacifica PAXG	+0.0100%	1h	4,347.4	+0.006%	$1.0M	$340K	10x	as long as short
Binance PAXGUSDT	+0.0100%	4h	4,347.8	+0.015%	$80.2M	$70.5M	75x	as long as short
Bybit PAXGUSDT	+0.0100%	4h	4,348.4	+0.029%	$15.0M	$3.8M	75x	as long as short
MEXC PAXG_USDT	+0.0100%	4h	4,347.7	+0.012%	$16.2M	$1.1M	100x	as long as short
KuCoin PAXGUSDTM	+0.0100%	4h	4,349.6	+0.055%	$28.6M	$5.3M	30x	as long as short
Bitget PAXGUSDT	+0.0100%	4h	4,348.5	+0.032%	$9.6M	$14.9M	50x	as long as short
BingX PAXG-USDT	+0.0100%	4h	4,347.3	+0.004%	—	$6.8M	—	as long as short
Backpack PAXG_USDC_PERP	+0.0100%	1h	4,346.9	−0.006%	$1.3M	$801K	50x	as long as short
Variational Omni PAXG	+0.0100%	4h	4,345.5	−0.039%	$12.5M	$99K	—	as long as short
ApeX Omni PAXGUSDT	+0.0100%	1h	4,345.8	−0.032%	$263K	$790K	50x	as long as short
Orderly PERP_PAXG_USDC_mythos	+0.0100%	4h	4,345.1	−0.047%	$558	—	10x	as long as short
Phemex PAXGUSDT	+0.0100%	4h	4,347	−0.003%	$1.5M	$39K	50x	as long as short
Extended PAXG-USD	+0.0104%	1h	4,345.4	−0.039%	$382K	$1.4M	25x	as long as short
Kraken Futures PF_PAXGUSDlong	+0.0173%	1h	4,347.1	long leg	$1.3M	$1.4M	20x
Reya PAXGRUSDPERP	+0.0189%	1h	4,347.6	+0.010%	$21K	—	100x	as long as short
Coinbase International PAXG-PERP-INTX	+0.0320%	1h	4,349.7	+0.058%	$971K	$1.1M	50x	as long as short
01 Exchange PAXGUSD	+0.0984%	1h	4,356.7	+0.220%	$29K	$23K	10x	as long as short