Funding you earn now, next payment 05:00 UTC−0.0035%/8h= −3.8% APRpaid last 24h +0.004%
Price spread now: Kraken Futures against KuCoin−0.055%7-day average −0.019% · you buy dearer than you sell
Net, funding: paid 7d − costs+$2as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$320.316% of the position
Funding, last 7 days+0.332%+$33 on $10k
+Price spread, last 4 days (all we have)+0.095%+$10 · spread now −0.055%, 7d avg −0.019%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Kraken Futures is 0.036% cheaper against KuCoin than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.019%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.332%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin PAXGUSDTM | 4,341.9 | 0.0100 | pay 0.0050% / 4h | 3h 05m | $28.6M | $5.2M | 30x |
| Short | Kraken Futures PF_PAXGUSD | 4,339.5 | 0.0065 | get 0.0008% / 1h | 5m 41s | $1.3M | $1.4M | 20x |
KuCoin PAXGUSDTM
Kraken Futures PF_PAXGUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against KuCoin. 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
- −$7.31
- Price spread: −0.055% → −0.019%
- −$3.58
- Slippage, 4 orders
- −$9.6
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$42.48
- Costs to cover
- 0.316%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 8 min ago; Kraken Futures: 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 KuCoin live order book, 8 min ago | 0.39 bp | 8.6 bp −$9 | 25.7 bp −$257 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 3 min ago | 0.58 bp | 8.5 bp −$9 | 14.0 bp −$140 | 50.5 bp −$5,052 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hibachi PAXG/USDT-P | −0.0216% | 1h | 4,336.6 | −0.123% | $42K | $157K | 20x | as long as short |
| Lighter PAXG | −0.0152% | 1h | 4,337.6 | −0.099% | $1.4M | $368K | 25x | as long as short |
| ApeX Omni PAXGUSDT | −0.0031% | 1h | 4,335.5 | −0.147% | $262K | $786K | 50x | as long as short |
| GRVT PAXG_USDT_Perp | −0.0010% | 4h | 4,337.2 | −0.108% | $1.5M | $1.9M | 10x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,338.3 | −0.082% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,341.3 | −0.014% | $15.6M | $3.4M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,335.4 | −0.150% | $2K | $3.5M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,342.8 | +0.022% | $7.9M | $843K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,341.1 | −0.017% | $903K | $690K | 75x | as long as short |
| Extended PAXG-USD | +0.0032% | 1h | 4,337.6 | −0.098% | $379K | $1.4M | 25x | as long as short |
Hibachi PAXG/USDT-P
Lighter PAXG
ApeX Omni PAXGUSDT
GRVT PAXG_USDT_Perp
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Extended PAXG-USDShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC PAXG_USDT | +0.0032% | 4h | 4,340.8 | −0.025% | $16.1M | $1.0M | 100x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.125% | $1K | $151K | 30x | as long as short |
| Binance PAXGUSDT | +0.0034% | 4h | 4,338.8 | −0.070% | $80.0M | $70.4M | 75x | as long as short |
| Kraken Futures PF_PAXGUSDshort | +0.0065% | 1h | 4,339.5 | −0.055% | $1.3M | $1.4M | 20x | |
| Aster PAXGUSDT | +0.0080% | 4h | 4,338.5 | −0.078% | $905K | $27K | 50x | as long as short |
| Hyperliquid PAXG | +0.0097% | 1h | 4,338.9 | −0.069% | $20.8M | $2.3M | 10x | as long as short |
| Paradex PAXG-USD-PERP | +0.0099% | 8h | 4,339.3 | −0.060% | $81K | $3.4M | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,337.5 | −0.101% | $557 | — | 10x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,340.9 | −0.022% | $1.0M | $341K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,339.8 | −0.049% | $14.9M | $3.8M | 75x | as long as short |
| KuCoin PAXGUSDTMlong | +0.0100% | 4h | 4,341.9 | long leg | $28.6M | $5.2M | 30x | |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,339.5 | −0.055% | $9.7M | $15.2M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,339.5 | −0.056% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,339.5 | −0.056% | $1.3M | $799K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,338.7 | −0.074% | $12.3M | $222K | — | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,339 | −0.067% | $1.5M | $38K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,338.6 | −0.076% | $21K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0296% | 1h | 4,342.3 | +0.010% | $955K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0872% | 1h | 4,398.9 | +1.313% | $29K | $24K | 10x | as long as short |
MEXC PAXG_USDT
Injective PAXG/USDC PERP
Binance PAXGUSDT
Aster PAXGUSDT
Hyperliquid PAXG
Paradex PAXG-USD-PERP
Orderly PERP_PAXG_USDC_mythos
Pacifica PAXG
Bybit PAXGUSDT
Bitget PAXGUSDT
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
Phemex PAXGUSDT
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD