Funding you earn now, next payment 04:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.027%
Price spread now: Deribit against Aster+0.042%7-day average +0.045% · you sell dearer than you buy
Net, funding: paid 7d − costs−$44as in the Funding arb table
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$270.266% of the position
Funding, last 7 days−0.179%−$18 on $10k
+Price spread, last 4 days (all we have)+0.051%+$5 · spread now +0.042%, 7d avg +0.045%
=Together, before fees−0.128%+ Points / potential airdropAster: Stage 5 · farm board−$13 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.045%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster PAXGUSDT | 4,340.9 | 0.0100 | pay 0.0050% / 4h | 1m 01s | $906K | $26K | 50x |
| Short | Deribit PAXG_USDC-PERPETUAL | 4,342.7 | 0 | get 0.0000% / 1h | 1m 01s | $7.9M | $868K | 50x |
Aster PAXGUSDT
Deribit PAXG_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Aster. 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
- −$21
- Price spread: +0.042% → +0.045%
- −$0.35
- Slippage, 4 orders
- −$11.59
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$47.93
- Costs to cover
- 0.266%
- Break-even
- never at this rate
Slippage from Aster: live order book, 57 min ago; Deribit: 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 Aster live order book, 57 min ago | 0.01 bp | 5.0 bp −$5 | 16.0 bp −$160 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 3 min ago | 3.43 bp | 7.1 bp −$7 | 13.3 bp −$133 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hibachi PAXG/USDT-P | −0.0128% | 1h | 4,340.2 | −0.015% | $42K | $155K | 20x | as long as short |
| Lighter PAXG | −0.0040% | 1h | 4,337.8 | −0.072% | $1.4M | $359K | 25x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,342 | +0.025% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,341.6 | +0.016% | $15.6M | $3.4M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,333.8 | −0.163% | $2K | $3.6M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUALshort | 0.0000% | 1h | 4,342.7 | +0.042% | $7.9M | $868K | 50x | |
| HTX PAXG-USDT | 0.0000% | 4h | 4,344.8 | +0.089% | $904K | $685K | 75x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.147% | $1K | $151K | 30x | as long as short |
| GRVT PAXG_USDT_Perp | +0.0038% | 4h | 4,339.1 | −0.042% | $1.5M | $1.9M | 10x | as long as short |
| ApeX Omni PAXGUSDT | +0.0043% | 1h | 4,337 | −0.089% | $262K | $787K | 50x | as long as short |
Hibachi PAXG/USDT-P
Lighter PAXG
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
HTX PAXG-USDT
Injective PAXG/USDC PERP
GRVT PAXG_USDT_Perp
ApeX Omni PAXGUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex PAXG-USD-PERP | +0.0100% | 8h | 4,340 | −0.022% | $81K | $3.7M | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,339 | −0.044% | $557 | — | 10x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,339.4 | −0.035% | $20.8M | $2.4M | 10x | as long as short |
| Aster PAXGUSDTlong | +0.0100% | 4h | 4,340.9 | long leg | $906K | $26K | 50x | |
| Pacifica PAXG | +0.0100% | 1h | 4,341.6 | +0.016% | $1.0M | $340K | 10x | as long as short |
| Binance PAXGUSDT | +0.0100% | 4h | 4,338.7 | −0.052% | $80.0M | $70.9M | 75x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,339.5 | −0.033% | $14.9M | $3.8M | 75x | as long as short |
| MEXC PAXG_USDT | +0.0100% | 4h | 4,341.2 | +0.007% | $16.1M | $1.1M | 100x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,342 | +0.026% | $28.6M | $5.4M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,339.6 | −0.029% | $9.7M | $15.0M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,339.9 | −0.023% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,339.8 | −0.027% | $1.3M | $799K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,339.2 | −0.040% | $12.3M | $227K | — | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,336 | −0.113% | $1.5M | $40K | 50x | as long as short |
| Extended PAXG-USD | +0.0104% | 1h | 4,337.4 | −0.081% | $378K | $1.4M | 25x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,338.8 | −0.049% | $21K | — | 100x | as long as short |
| Kraken Futures PF_PAXGUSD | +0.0210% | 1h | 4,340.1 | −0.019% | $1.3M | $1.4M | 20x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0320% | 1h | 4,341 | +0.002% | $988K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0888% | 1h | 4,350.8 | +0.228% | $29K | $23K | 10x | as long as short |
Paradex PAXG-USD-PERP
Orderly PERP_PAXG_USDC_mythos
Hyperliquid PAXG
Pacifica PAXG
Binance PAXGUSDT
Bybit PAXGUSDT
MEXC PAXG_USDT
KuCoin PAXGUSDTM
Bitget PAXGUSDT
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
Phemex PAXGUSDT
Extended PAXG-USD
Reya PAXGRUSDPERP
Kraken Futures PF_PAXGUSD
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD