Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Phemex against KuCoin−0.117%7-day average −0.090% · you buy dearer than you sell
Net, funding: paid 7d − costs−$69as in the Funding arb table
Net, price: spread back to 7d avg − costs−$72as in the Price arb table
costs, in and out, $10k−$690.689% of the position
Funding, last 7 days−0.001%$0 on $10k
+Price spread, last 3 days (all we have)+0.025%+$2 · spread now −0.117%, 7d avg −0.090%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.027% cheaper against KuCoin than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.090%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin PAXGUSDTM | 4,365.1 | 0.0100 | pay 0.0050% / 4h | 13m 57s | $27.3M | $5.4M | 30x |
| Short | Phemex PAXGUSDT | 4,360 | 0.0100 | get 0.0050% / 4h | 13m 57s | $1.5M | $38K | 50x |
KuCoin PAXGUSDTM
Phemex PAXGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- $0
- Price spread: −0.117% → −0.090%
- −$2.67
- Slippage, 4 orders
- −$44.88
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$71.54
- Costs to cover
- 0.689%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 5 min ago; Phemex: live order book, 4 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, 5 min ago | 0.45 bp | 8.5 bp −$8 | 18.9 bp −$189 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 4 min ago | 2.29 bp | 23.9 bp −$24 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective PAXG/USDC PERP | −0.0007% | 1h | 4,347.3 | −0.408% | $1K | $151K | 30x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,362.4 | −0.062% | $102K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,365.3 | +0.005% | $15.8M | $3.6M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,360.8 | −0.099% | $2K | $3.9M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,366.1 | +0.024% | $7.9M | $866K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,365.6 | +0.012% | $912K | $645K | 75x | as long as short |
| Lighter PAXG | +0.0096% | 1h | 4,362.1 | −0.069% | $1.4M | $272K | 25x | as long as short |
| Paradex PAXG-USD-PERP | +0.0100% | 8h | 4,363.6 | −0.034% | $81K | $3.7M | 50x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,362.9 | −0.050% | $20.5M | $1.9M | 10x | as long as short |
| Aster PAXGUSDT | +0.0100% | 4h | 4,364.1 | −0.022% | $910K | $30K | 50x | as long as short |
Injective PAXG/USDC PERP
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Lighter PAXG
Paradex PAXG-USD-PERP
Hyperliquid PAXG
Aster PAXGUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica PAXG | +0.0100% | 1h | 4,364.8 | −0.007% | $1.0M | $354K | 10x | as long as short |
| Binance PAXGUSDT | +0.0100% | 4h | 4,362.8 | −0.053% | $80.0M | $69.6M | 75x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,364.7 | −0.010% | $15.2M | $3.6M | 75x | as long as short |
| MEXC PAXG_USDT | +0.0100% | 4h | 4,361 | −0.094% | $16.1M | $1.2M | 100x | as long as short |
| KuCoin PAXGUSDTMlong | +0.0100% | 4h | 4,365.1 | long leg | $27.3M | $5.4M | 30x | |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,363.3 | −0.041% | $9.8M | $14.7M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,363.9 | −0.028% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,364 | −0.025% | $1.4M | $972K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,363.3 | −0.041% | $12.5M | $104K | — | as long as short |
| GRVT PAXG_USDT_Perp | +0.0100% | 4h | 4,363.1 | −0.045% | $1.5M | $2.0M | 10x | as long as short |
| ApeX Omni PAXGUSDT | +0.0100% | 1h | 4,361.1 | −0.093% | $264K | $795K | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,363.1 | −0.046% | $560 | — | 10x | as long as short |
| Phemex PAXGUSDTshort | +0.0100% | 4h | 4,360 | −0.117% | $1.5M | $38K | 50x | |
| Extended PAXG-USD | +0.0104% | 1h | 4,361.9 | −0.072% | $378K | $1.2M | 25x | as long as short |
| Hibachi PAXG/USDT-P | +0.0152% | 1h | 4,364.1 | −0.024% | $48K | $143K | 20x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,363.5 | −0.037% | $21K | — | 100x | as long as short |
| Kraken Futures PF_PAXGUSD | +0.0285% | 1h | 4,363.9 | −0.027% | $1.3M | $1.4M | 20x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0296% | 1h | 4,367.2 | +0.047% | $976K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0968% | 1h | 4,374.2 | +0.208% | $29K | $23K | 10x | as long as short |
Pacifica PAXG
Binance PAXGUSDT
Bybit PAXGUSDT
MEXC PAXG_USDT
Bitget PAXGUSDT
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
GRVT PAXG_USDT_Perp
ApeX Omni PAXGUSDT
Orderly PERP_PAXG_USDC_mythos
Extended PAXG-USD
Hibachi PAXG/USDT-P
Reya PAXGRUSDPERP
Kraken Futures PF_PAXGUSD
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD