Funding you earn now, next payment 08:00 UTC−0.0155%/8h= −17.0% APRpaid last 24h +0.004%
Price spread now: Kraken Futures against Orderly+0.014%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$5 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_PAXG_USDC_mythos | 4,319.5 | 0.0100 | pay 0.0050% / 4h | 55m 16s | $554 | — | 10x |
| Short | Kraken Futures PF_PAXGUSD | 4,320.1 | −0.0055 | pay 0.0007% / 1h | 55m 16s | $1.2M | $1.9M | 20x |
Orderly PERP_PAXG_USDC_mythos
Kraken Futures PF_PAXGUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Orderly. 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
- −$32.6
- Price spread: +0.014% → 0.000%
- $1.38
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$47.22
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Kraken Futures: live order book, 3 min ago. 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Kraken Futures live order book, 3 min ago | 0.23 bp | 7.2 bp −$7 | 13.3 bp −$133 | 42.6 bp −$4,256 | doesn't fit |
Orderly: 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter PAXG | −0.0136% | 1h | 4,317.4 | −0.048% | $1.4M | $478K | 25x | as long as short |
| GRVT PAXG_USDT_Perp | −0.0104% | 4h | 4,320 | +0.013% | $1.5M | $2.0M | 10x | as long as short |
| Hibachi PAXG/USDT-P | −0.0072% | 1h | 4,318.6 | −0.020% | $42K | $165K | 20x | as long as short |
| Kraken Futures PF_PAXGUSDshort | −0.0055% | 1h | 4,320.1 | +0.014% | $1.2M | $1.9M | 20x | |
| ApeX Omni PAXGUSDT | −0.0018% | 1h | 4,318.5 | −0.023% | $261K | $773K | 50x | as long as short |
| Binance PAXGUSDT | 0.0000% | 4h | 4,319.7 | +0.004% | $79.7M | $74.6M | 75x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,317.9 | −0.038% | $101K | $12K | 5x | as long as short |
| Extended PAXG-USD | 0.0000% | 1h | 4,317.5 | −0.046% | $372K | $1.1M | 25x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,320.7 | +0.028% | $15.6M | $3.6M | 100x | as long as short |
| MEXC PAXG_USDT | 0.0000% | 4h | 4,323.8 | +0.099% | $16.6M | $1.0M | 100x | as long as short |
Lighter PAXG
GRVT PAXG_USDT_Perp
Hibachi PAXG/USDT-P
ApeX Omni PAXGUSDT
Binance PAXGUSDT
dYdX PAXG-USD
Extended PAXG-USD
Gate PAXG_USDT
MEXC PAXG_USDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX PAXG-USDT | 0.0000% | 4h | 4,315.6 | −0.091% | $2K | $3.3M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,323.7 | +0.097% | $7.9M | $686K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,322.8 | +0.076% | $903K | $775K | 75x | as long as short |
| Aster PAXGUSDT | +0.0014% | 4h | 4,319.9 | +0.010% | $901K | $27K | 50x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.644% | $1K | $151K | 30x | as long as short |
| Bitget PAXGUSDT | +0.0090% | 4h | 4,318.7 | −0.020% | $9.4M | $16.3M | 50x | as long as short |
| Paradex PAXG-USD-PERP | +0.0098% | 8h | 4,318.6 | −0.022% | $85K | $3.3M | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythoslong | +0.0100% | 4h | 4,319.5 | long leg | $554 | — | 10x | |
| Hyperliquid PAXG | +0.0100% | 1h | 4,319.2 | −0.007% | $20.8M | $2.4M | 10x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,320.7 | +0.028% | $1.0M | $306K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,320.1 | +0.014% | $14.9M | $4.0M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,321.2 | +0.038% | $28.6M | $5.3M | 30x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,320 | +0.010% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,319.5 | −0.001% | $1.3M | $821K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,318.9 | −0.015% | $12.3M | $223K | — | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,316 | −0.081% | $1.5M | $52K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,318.1 | −0.033% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0224% | 1h | 4,322.2 | +0.062% | $949K | $1.0M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0824% | 1h | 4,329.9 | +0.241% | $29K | $23K | 10x | as long as short |
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Aster PAXGUSDT
Injective PAXG/USDC PERP
Bitget PAXGUSDT
Paradex PAXG-USD-PERP
Hyperliquid PAXG
Pacifica PAXG
Bybit PAXGUSDT
KuCoin PAXGUSDTM
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
Phemex PAXGUSDT
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD