Funding you earn now, next payment 08:00 UTC+0.0047%/8h= +5.2% APRnext payment +$0.24 per $10,000 · paid last 24h 0.000%
Price spread now: Phemex against Aster0.000%7-day average −0.061% · you sell dearer than you buy
Net, funding: paid 7d − costs−$63as in the Funding arb table
Net, price: spread back to 7d avg − costs−$60as in the Price arb table
costs, in and out, $10k−$660.661% of the position
Funding, last 7 days+0.031%+$3 on $10k
+Price spread, last 4 days (all we have)−0.039%−$4 · spread now 0.000%, 7d avg −0.061%
=Together, before fees−0.008%+ Points / potential airdropAster: Stage 5 · farm board−$1 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Phemex is 0.061% dearer against Aster than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.061%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster PAXGUSDT | 4,320 | 0.0053 | pay 0.0026% / 4h | 2h 20m | $901K | $27K | 50x |
| Short | Phemex PAXGUSDT | 4,320 | 0.0100 | get 0.0050% / 4h | 2h 20m | $1.5M | $45K | 50x |
Aster PAXGUSDT
Phemex PAXGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- $9.91
- Price spread: 0.000% → −0.061%
- $6.11
- Slippage, 4 orders
- −$46.15
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$50.12
- Costs to cover
- 0.661%
- Break-even
- 42.4 days
Slippage from Aster: live order book, 28 min ago; Phemex: 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, 28 min ago | 0.05 bp | 4.3 bp −$4 | 7.5 bp −$75 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 3 min ago | 5.79 bp | 27.3 bp −$27 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hibachi PAXG/USDT-P | −0.0160% | 1h | 4,320.9 | +0.022% | $40K | $165K | 20x | as long as short |
| Lighter PAXG | −0.0152% | 1h | 4,318.2 | −0.041% | $1.4M | $389K | 25x | as long as short |
| Kraken Futures PF_PAXGUSD | −0.0102% | 1h | 4,321 | +0.024% | $1.2M | $1.9M | 20x | as long as short |
| ApeX Omni PAXGUSDT | −0.0039% | 1h | 4,315.7 | −0.099% | $261K | $783K | 50x | as long as short |
| GRVT PAXG_USDT_Perp | −0.0032% | 4h | 4,319.2 | −0.019% | $1.5M | $1.9M | 10x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,321.1 | +0.025% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,321.2 | +0.028% | $15.6M | $3.7M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,316.5 | −0.081% | $2K | $3.5M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,324.2 | +0.097% | $7.9M | $839K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,322.3 | +0.053% | $901K | $735K | 75x | as long as short |
Hibachi PAXG/USDT-P
Lighter PAXG
Kraken Futures PF_PAXGUSD
ApeX Omni PAXGUSDT
GRVT PAXG_USDT_Perp
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended PAXG-USD | +0.0024% | 1h | 4,318.5 | −0.034% | $377K | $1.4M | 25x | as long as short |
| Binance PAXGUSDT | +0.0024% | 4h | 4,320.7 | +0.016% | $79.5M | $74.0M | 75x | as long as short |
| MEXC PAXG_USDT | +0.0026% | 4h | 4,322 | +0.045% | $16.4M | $1.1M | 100x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.632% | $1K | $151K | 30x | as long as short |
| Aster PAXGUSDTlong | +0.0053% | 4h | 4,320 | long leg | $901K | $27K | 50x | |
| Hyperliquid PAXG | +0.0080% | 1h | 4,320.5 | +0.012% | $20.7M | $2.4M | 10x | as long as short |
| Paradex PAXG-USD-PERP | +0.0097% | 8h | 4,318.5 | −0.036% | $81K | $3.3M | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,318.4 | −0.037% | $554 | — | 10x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,319.1 | −0.020% | $1.0M | $349K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,321.2 | +0.028% | $14.9M | $4.0M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,322.1 | +0.048% | $28.5M | $5.3M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,320.6 | +0.014% | $9.3M | $16.0M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,320.6 | +0.014% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,321 | +0.023% | $1.3M | $814K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,317.2 | −0.065% | $12.3M | $222K | — | as long as short |
| Phemex PAXGUSDTshort | +0.0100% | 4h | 4,320 | 0.000% | $1.5M | $45K | 50x | |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,318.4 | −0.037% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0248% | 1h | 4,321.3 | +0.031% | $950K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0816% | 1h | 4,388.9 | +1.595% | $29K | $24K | 10x | as long as short |
Extended PAXG-USD
Binance PAXGUSDT
MEXC PAXG_USDT
Injective PAXG/USDC PERP
Hyperliquid PAXG
Paradex PAXG-USD-PERP
Orderly PERP_PAXG_USDC_mythos
Pacifica PAXG
Bybit PAXGUSDT
KuCoin PAXGUSDTM
Bitget PAXGUSDT
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD