Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.003%
Price spread now: MEXC against Backpack−0.036%7-day average +0.060% · you buy dearer than you sell
Net, funding: paid 7d − costs−$26as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$200.201% of the position
Funding, last 7 days−0.058%−$6 on $10k
+Price spread, last 7 days+0.388%+$39 · spread now −0.036%, 7d avg +0.060%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.096% cheaper against Backpack than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.060%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack PAXG_USDC_PERP | 4,351.4 | 0.0100 | pay 0.0013% / 1h | 12m 54s | $1.4M | $844K | 50x |
| Short | MEXC PAXG_USDT | 4,349.8 | 0.0100 | get 0.0050% / 4h | 3h 12m | $16.2M | $1.2M | 100x |
Backpack PAXG_USDC_PERP
MEXC PAXG_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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: −0.036% → +0.060%
- −$9.56
- Slippage, 4 orders
- −$6.1
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$29.65
- Costs to cover
- 0.201%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 1 min ago; MEXC: 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, 1 min ago | 0.01 bp | 5.0 bp −$5 | 5.6 bp −$56 | 65.0 bp −$6,498 | doesn't fit |
| Sell MEXC live order book, 1 min ago | 1.22 bp | 5.1 bp −$5 | 10.5 bp −$105 | 43.7 bp −$4,367 | 131.9 bp −$66.0K |
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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX PAXG-USD | 0.0000% | 1h | 4,350.8 | −0.013% | $102K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,351.6 | +0.006% | $15.7M | $3.5M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,346.9 | −0.103% | $2K | $3.9M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,354.5 | +0.073% | $7.9M | $875K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,356.6 | +0.120% | $905K | $647K | 75x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | −0.093% | $1K | $151K | 30x | as long as short |
| GRVT PAXG_USDT_Perp | +0.0046% | 4h | 4,350.9 | −0.011% | $1.5M | $2.0M | 10x | as long as short |
| Lighter PAXG | +0.0096% | 1h | 4,349.8 | −0.036% | $1.4M | $270K | 25x | as long as short |
| Paradex PAXG-USD-PERP | +0.0100% | 8h | 4,350.5 | −0.019% | $80K | $3.7M | 50x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,350.3 | −0.024% | $20.7M | $2.1M | 10x | as long as short |
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Injective PAXG/USDC PERP
GRVT PAXG_USDT_Perp
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 | |
|---|---|---|---|---|---|---|---|---|
| Aster PAXGUSDT | +0.0100% | 4h | 4,351.6 | +0.006% | $908K | $29K | 50x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,352.6 | +0.028% | $1.0M | $366K | 10x | as long as short |
| Binance PAXGUSDT | +0.0100% | 4h | 4,349.8 | −0.037% | $80.2M | $71.0M | 75x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,351.2 | −0.004% | $15.1M | $3.6M | 75x | as long as short |
| MEXC PAXG_USDTshort | +0.0100% | 4h | 4,349.8 | −0.036% | $16.2M | $1.2M | 100x | |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,352.1 | +0.018% | $28.4M | $5.5M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,350 | −0.032% | $9.6M | $15.1M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,351.2 | −0.004% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERPlong | +0.0100% | 1h | 4,351.4 | long leg | $1.4M | $844K | 50x | |
| Variational Omni PAXG | +0.0100% | 4h | 4,348.3 | −0.071% | $12.5M | $104K | — | as long as short |
| ApeX Omni PAXGUSDT | +0.0100% | 1h | 4,349.8 | −0.035% | $263K | $786K | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,350.6 | −0.017% | $558 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,351 | −0.008% | $1.5M | $39K | 50x | as long as short |
| Extended PAXG-USD | +0.0104% | 1h | 4,348.8 | −0.059% | $382K | $1.4M | 25x | as long as short |
| Hibachi PAXG/USDT-P | +0.0152% | 1h | 4,349.7 | −0.038% | $42K | $146K | 20x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,350.8 | −0.012% | $21K | — | 100x | as long as short |
| Kraken Futures PF_PAXGUSD | +0.0208% | 1h | 4,351.9 | +0.013% | $1.3M | $1.4M | 20x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0304% | 1h | 4,349.6 | −0.040% | $972K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0984% | 1h | 4,361.9 | +0.242% | $29K | $23K | 10x | as long as short |
Aster PAXGUSDT
Pacifica PAXG
Binance PAXGUSDT
Bybit PAXGUSDT
KuCoin PAXGUSDTM
Bitget PAXGUSDT
BingX PAXG-USDT
Variational Omni PAXG
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