Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.006%
Price spread now: Aster against Backpack−0.018%7-day average −0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs−$23as in the Funding arb table
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$200.201% of the position
Funding, last 7 days−0.031%−$3 on $10k
+Price spread, last 4 days (all we have)+0.010%+$1 · spread now −0.018%, 7d avg −0.010%
=Together, before fees−0.021%+ Points / potential airdropAster: Stage 5 · farm board−$2 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack PAXG_USDC_PERP | 4,364.1 | 0.0100 | pay 0.0013% / 1h | 11m 42s | $1.4M | $972K | 50x |
| Short | Aster PAXGUSDT | 4,363.3 | 0.0100 | get 0.0050% / 4h | 11m 42s | $910K | $30K | 50x |
Backpack PAXG_USDC_PERP
Aster PAXGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Backpack. 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: −0.018% → −0.010%
- −$0.83
- Slippage, 4 orders
- −$2.15
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$20.97
- Costs to cover
- 0.201%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 2 min ago; Aster: live order book, 1 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 Backpack live order book, 2 min ago | 0.01 bp | 5.3 bp −$5 | 6.2 bp −$62 | 57.4 bp −$5,743 | doesn't fit |
| Sell Aster live order book, 1 min ago | 0.01 bp | 5.2 bp −$5 | 9.6 bp −$96 | 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 | −0.385% | $1K | $151K | 30x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,362.4 | −0.039% | $102K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,364.8 | +0.016% | $15.8M | $3.6M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,359.1 | −0.115% | $2K | $3.9M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,366.2 | +0.047% | $7.9M | $866K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,365.5 | +0.031% | $912K | $645K | 75x | as long as short |
| Lighter PAXG | +0.0096% | 1h | 4,361.8 | −0.052% | $1.4M | $272K | 25x | as long as short |
| Paradex PAXG-USD-PERP | +0.0100% | 8h | 4,362.3 | −0.042% | $81K | $3.7M | 50x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,362.6 | −0.035% | $20.5M | $1.9M | 10x | as long as short |
| Aster PAXGUSDTshort | +0.0100% | 4h | 4,363.3 | −0.018% | $910K | $30K | 50x |
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 PAXGShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica PAXG | +0.0100% | 1h | 4,364.1 | +0.001% | $1.0M | $354K | 10x | as long as short |
| Binance PAXGUSDT | +0.0100% | 4h | 4,362.5 | −0.036% | $80.0M | $69.6M | 75x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,363.7 | −0.009% | $15.2M | $3.6M | 75x | as long as short |
| MEXC PAXG_USDT | +0.0100% | 4h | 4,360.9 | −0.072% | $16.1M | $1.2M | 100x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,364.9 | +0.018% | $27.3M | $5.4M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,363.5 | −0.015% | $9.6M | $14.8M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,363.1 | −0.024% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERPlong | +0.0100% | 1h | 4,364.1 | long leg | $1.4M | $972K | 50x | |
| Variational Omni PAXG | +0.0100% | 4h | 4,363.3 | −0.018% | $12.5M | $104K | — | as long as short |
| GRVT PAXG_USDT_Perp | +0.0100% | 4h | 4,363.1 | −0.022% | $1.5M | $2.0M | 10x | as long as short |
| ApeX Omni PAXGUSDT | +0.0100% | 1h | 4,362 | −0.047% | $264K | $794K | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,362.7 | −0.032% | $560 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,359 | −0.117% | $1.5M | $38K | 50x | as long as short |
| Extended PAXG-USD | +0.0104% | 1h | 4,361.6 | −0.057% | $378K | $1.2M | 25x | as long as short |
| Hibachi PAXG/USDT-P | +0.0152% | 1h | 4,364.3 | +0.005% | $48K | $143K | 20x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,362.7 | −0.033% | $21K | — | 100x | as long as short |
| Kraken Futures PF_PAXGUSD | +0.0285% | 1h | 4,363.8 | −0.007% | $1.3M | $1.4M | 20x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0296% | 1h | 4,367.2 | +0.070% | $976K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0968% | 1h | 4,373.3 | +0.211% | $29K | $23K | 10x | as long as short |
Pacifica PAXG
Binance PAXGUSDT
Bybit PAXGUSDT
MEXC PAXG_USDT
KuCoin PAXGUSDTM
Bitget PAXGUSDT
BingX PAXG-USDT
Variational Omni PAXG
GRVT PAXG_USDT_Perp
ApeX Omni PAXGUSDT
Orderly PERP_PAXG_USDC_mythos
Phemex PAXGUSDT
Extended PAXG-USD
Hibachi PAXG/USDT-P
Reya PAXGRUSDPERP
Kraken Futures PF_PAXGUSD
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD