Funding you earn now, next payment 03:00 UTC−0.0173%/8h= −19.0% APRpaid last 24h −0.034%
Price spread now: SunX against Kraken Futures−0.108%7-day average −0.128% · you buy dearer than you sell
Net, funding: paid 7d − costs−$133as in the Funding arb table
Net, price: spread back to 7d avg − costs−$76as in the Price arb table
costs, in and out, $10k−$780.777% of the position
Funding, last 7 days−0.548%−$55 on $10k
+Price spread, last 3 days (all we have)−0.054%−$5 · spread now −0.108%, 7d avg −0.128%
=The price spread pays, funding is against you. SunX is 0.021% dearer against Kraken Futures than usual: you sell high and buy low (spread −0.108% now, against its 7-day average of −0.128%): +$2 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 10 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_PAXGUSD | 4,344.3 | 0.0173 | pay 0.0022% / 1h | 52m 02s | $1.3M | $1.4M | 20x |
| Short | SunX PAXG-USDT | 4,339.6 | 0 | get 0.0000% / 4h | 1h 52m | $2K | $3.7M | 20x |
Kraken Futures PF_PAXGUSD
SunX PAXG-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- −$36.36
- Price spread: −0.108% → −0.128%
- $2.06
- Slippage, 4 orders
- −$59.75
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$112.05
- Costs to cover
- 0.777%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 1 min ago; SunX: live order book, 6 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 | 0.34 bp | 6.2 bp −$6 | 9.8 bp −$98 | 36.7 bp −$3,667 | doesn't fit |
| Sell SunX live order book, 6 min ago | 21.54 bp | 25.5 bp −$26 | 55.2 bp −$552 | doesn't fit | 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 | 4,347.9 | +0.085% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,345.8 | +0.036% | $15.7M | $3.4M | 100x | as long as short |
| SunX PAXG-USDTshort | 0.0000% | 4h | 4,339.6 | −0.108% | $2K | $3.7M | 20x | |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,346.9 | +0.060% | $7.9M | $868K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,348.4 | +0.094% | $905K | $647K | 75x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.070% | $1K | $151K | 30x | as long as short |
| GRVT PAXG_USDT_Perp | +0.0070% | 4h | 4,346.4 | +0.050% | $1.5M | $2.0M | 10x | as long as short |
| Hibachi PAXG/USDT-P | +0.0072% | 1h | 4,346.3 | +0.048% | $42K | $154K | 20x | as long as short |
| Lighter PAXG | +0.0096% | 1h | 4,342.8 | −0.033% | $1.4M | $304K | 25x | as long as short |
| Paradex PAXG-USD-PERP | +0.0100% | 8h | 4,344.5 | +0.006% | $80K | $3.7M | 50x | as long as short |
dYdX PAXG-USD
Gate PAXG_USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Injective PAXG/USDC PERP
GRVT PAXG_USDT_Perp
Hibachi PAXG/USDT-P
Lighter PAXG
Paradex PAXG-USD-PERPShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid PAXG | +0.0100% | 1h | 4,343.7 | −0.013% | $20.8M | $2.2M | 10x | as long as short |
| Aster PAXGUSDT | +0.0100% | 4h | 4,344 | −0.005% | $906K | $30K | 50x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,346.6 | +0.054% | $1.0M | $340K | 10x | as long as short |
| Binance PAXGUSDT | +0.0100% | 4h | 4,342 | −0.052% | $80.0M | $70.6M | 75x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,344.5 | +0.006% | $15.1M | $3.5M | 75x | as long as short |
| MEXC PAXG_USDT | +0.0100% | 4h | 4,344.8 | +0.013% | $16.1M | $1.1M | 100x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,345.8 | +0.035% | $28.6M | $5.3M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,343.3 | −0.023% | $9.6M | $15.0M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,344.1 | −0.003% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,342.9 | −0.031% | $1.3M | $803K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,345.6 | +0.032% | $12.5M | $104K | — | as long as short |
| ApeX Omni PAXGUSDT | +0.0100% | 1h | 4,344.7 | +0.009% | $263K | $792K | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,344.3 | +0.001% | $557 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,341 | −0.075% | $1.5M | $39K | 50x | as long as short |
| Extended PAXG-USD | +0.0104% | 1h | 4,342.1 | −0.050% | $382K | $1.4M | 25x | as long as short |
| Kraken Futures PF_PAXGUSDlong | +0.0173% | 1h | 4,344.3 | long leg | $1.3M | $1.4M | 20x | |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,344.7 | +0.011% | $21K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0320% | 1h | 4,349.7 | +0.125% | $971K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.1008% | 1h | 4,410.5 | +1.525% | $30K | $23K | 10x | as long as short |
Hyperliquid PAXG
Aster PAXGUSDT
Pacifica PAXG
Binance PAXGUSDT
Bybit PAXGUSDT
MEXC PAXG_USDT
KuCoin PAXGUSDTM
Bitget PAXGUSDT
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
ApeX Omni PAXGUSDT
Orderly PERP_PAXG_USDC_mythos
Phemex PAXGUSDT
Extended PAXG-USD
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD