Funding you earn now, next payment 04:00 UTC+0.0002%/8h= +0.2% APRnext payment +$0.01 per $10,000 · paid last 24h +0.003%
Price spread now: Bybit against Binance+0.020%7-day average +0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs−$17as in the Funding arb table
Net, price: spread back to 7d avg − costs−$22as in the Price arb table
costs, in and out, $10k−$220.223% of the position
Funding, last 7 days+0.058%+$6 on $10k
+Price spread, last 7 days−0.014%−$1 · spread now +0.020%, 7d avg +0.020%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance PAXGUSDT | 4,338.7 | 0.0098 | pay 0.0049% / 4h | 0m 31s | $80.1M | $70.9M | 75x |
| Short | Bybit PAXGUSDT | 4,339.5 | 0.0100 | get 0.0050% / 4h | 0m 31s | $14.9M | $3.8M | 75x |
Binance PAXGUSDT
Bybit PAXGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Binance. 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
- $0.46
- Price spread: +0.020% → +0.020%
- $0.01
- Slippage, 4 orders
- −$1.3
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$21.83
- Costs to cover
- 0.223%
- Break-even
- 340.8 days
Slippage from Binance: live order book, 12 min ago; Bybit: 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 Binance live order book, 12 min ago | 0.01 bp | 5.0 bp −$5 | 5.5 bp −$55 | 10.0 bp −$1,004 | doesn't fit |
| Sell Bybit live order book, 3 min ago | 0.12 bp | 6.7 bp −$7 | 8.8 bp −$88 | 23.5 bp −$2,355 | 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 | +0.037% | $42K | $155K | 20x | as long as short |
| Lighter PAXG | −0.0048% | 1h | 4,337.7 | −0.022% | $1.4M | $359K | 25x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,342 | +0.077% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,341.6 | +0.068% | $15.6M | $3.4M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,333.8 | −0.111% | $2K | $3.6M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,342.7 | +0.094% | $7.9M | $868K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,344.8 | +0.142% | $904K | $685K | 75x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.199% | $1K | $151K | 30x | as long as short |
| GRVT PAXG_USDT_Perp | +0.0038% | 4h | 4,339.1 | +0.010% | $1.5M | $1.9M | 10x | as long as short |
| ApeX Omni PAXGUSDT | +0.0043% | 1h | 4,337 | −0.037% | $262K | $787K | 50x | as long as short |
Hibachi PAXG/USDT-P
Lighter PAXG
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
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 | |
|---|---|---|---|---|---|---|---|---|
| Binance PAXGUSDTlong | +0.0098% | 4h | 4,338.7 | long leg | $80.1M | $70.9M | 75x | |
| Paradex PAXG-USD-PERP | +0.0100% | 8h | 4,339.3 | +0.014% | $81K | $3.7M | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,339 | +0.008% | $557 | — | 10x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,339.4 | +0.017% | $20.8M | $2.4M | 10x | as long as short |
| Aster PAXGUSDT | +0.0100% | 4h | 4,340.9 | +0.052% | $906K | $26K | 50x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,341.1 | +0.055% | $1.0M | $340K | 10x | as long as short |
| Bybit PAXGUSDTshort | +0.0100% | 4h | 4,339.5 | +0.020% | $14.9M | $3.8M | 75x | |
| MEXC PAXG_USDT | +0.0100% | 4h | 4,341.2 | +0.059% | $16.1M | $1.1M | 100x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,342 | +0.078% | $28.6M | $5.4M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,339.6 | +0.021% | $9.7M | $15.0M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,339.9 | +0.028% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,339.8 | +0.025% | $1.3M | $799K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,339.2 | +0.012% | $12.3M | $227K | — | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,336 | −0.061% | $1.5M | $40K | 50x | as long as short |
| Extended PAXG-USD | +0.0104% | 1h | 4,337.4 | −0.029% | $378K | $1.4M | 25x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,338.8 | +0.003% | $21K | — | 100x | as long as short |
| Kraken Futures PF_PAXGUSD | +0.0210% | 1h | 4,340.1 | +0.033% | $1.3M | $1.4M | 20x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0320% | 1h | 4,341 | +0.054% | $988K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0888% | 1h | 4,351 | +0.285% | $29K | $23K | 10x | as long as short |
Paradex PAXG-USD-PERP
Orderly PERP_PAXG_USDC_mythos
Hyperliquid PAXG
Aster PAXGUSDT
Pacifica PAXG
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