Funding you earn now, next payment 09:00 UTC−0.0018%/8h= −1.9% APRpaid last 24h −0.034%
Price spread now: dYdX against Binance−0.115%7-day average +0.019% · you buy dearer than you sell
Net, funding: paid 7d − costs−$218as in the Funding arb table
Net, price: spread back to 7d avg − costs−$213as in the Price arb table
costs, in and out, $10k−$1991.991% of the position
Funding, last 7 days−0.193%−$19 on $10k
+Price spread, last 4 days (all we have)+0.133%+$13 · spread now −0.115%, 7d avg +0.019%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and dYdX is 0.134% cheaper against Binance than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of +0.019%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance PAXGUSDT | 4,310.9 | 0.0018 | pay 0.0009% / 4h | 3h 51m | $80.3M | $79.5M | 75x |
| Short | dYdX PAXG-USD | 4,306 | 0 | get 0.0000% / 1h | 51m 07s | $100K | $12K | 5x |
Binance PAXGUSDT
dYdX PAXG-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX 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
- −$3.71
- Price spread: −0.115% → +0.019%
- −$13.42
- Slippage, 4 orders
- −$179.13
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$216.26
- Costs to cover
- 1.991%
- Break-even
- never at this rate
Slippage from Binance: live order book, 6 min ago; dYdX: live order book, 48 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, 6 min ago | 0.01 bp | 5.0 bp −$5 | 5.7 bp −$57 | 10.0 bp −$1,004 | doesn't fit |
| Sell dYdX live order book, 48 min ago | 89.55 bp | 94.6 bp −$95 | 140.9 bp −$1,409 | 236.9 bp −$23.7K | 698.1 bp −$349.0K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter PAXG | −0.0208% | 1h | 4,309.3 | −0.039% | $1.4M | $607K | 25x | as long as short |
| GRVT PAXG_USDT_Perp | −0.0190% | 4h | 4,306.8 | −0.096% | $1.5M | $1.9M | 10x | as long as short |
| Hibachi PAXG/USDT-P | −0.0160% | 1h | 4,306.4 | −0.105% | $41K | $171K | 20x | as long as short |
| Kraken Futures PF_PAXGUSD | −0.0097% | 1h | 4,312.6 | +0.038% | $1.2M | $1.7M | 20x | as long as short |
| dYdX PAXG-USDshort | 0.0000% | 1h | 4,306 | −0.115% | $100K | $12K | 5x | |
| Gate PAXG_USDT | 0.0000% | 8h | 4,312 | +0.025% | $15.6M | $3.8M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,306.9 | −0.093% | $2K | $3.2M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,315 | +0.095% | $7.9M | $599K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,311.4 | +0.010% | $904K | $809K | 75x | as long as short |
| Extended PAXG-USD | +0.0016% | 1h | 4,309.7 | −0.029% | $377K | $1.6M | 25x | as long as short |
Lighter PAXG
GRVT PAXG_USDT_Perp
Hibachi PAXG/USDT-P
Kraken Futures PF_PAXGUSD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Extended PAXG-USDShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC PAXG_USDT | +0.0016% | 4h | 4,314.9 | +0.091% | $16.6M | $1.1M | 100x | as long as short |
| Binance PAXGUSDTlong | +0.0018% | 4h | 4,310.9 | long leg | $80.3M | $79.5M | 75x | |
| Aster PAXGUSDT | +0.0026% | 4h | 4,310.5 | −0.010% | $900K | $32K | 50x | as long as short |
| Bitget PAXGUSDT | +0.0030% | 4h | 4,311.3 | +0.009% | $9.4M | $16.0M | 50x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.844% | $1K | $151K | 30x | as long as short |
| Paradex PAXG-USD-PERP | +0.0095% | 8h | 4,307.8 | −0.072% | $85K | $4.1M | 50x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,311.1 | +0.004% | $21.0M | $2.5M | 10x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,308.9 | −0.047% | $1.0M | $304K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,310.8 | −0.003% | $14.8M | $4.3M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,312.4 | +0.034% | $28.6M | $5.3M | 30x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,311 | +0.002% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,311 | +0.001% | $1.2M | $857K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,302.4 | −0.197% | $12.2M | $230K | — | as long as short |
| ApeX Omni PAXGUSDT | +0.0100% | 1h | 4,306.4 | −0.106% | $261K | $770K | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,310 | −0.022% | $553 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,308 | −0.068% | $1.5M | $66K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,309.5 | −0.034% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0232% | 1h | 4,309.1 | −0.042% | $937K | $1.0M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0808% | 1h | 4,318.4 | +0.173% | $29K | $23K | 10x | as long as short |
MEXC PAXG_USDT
Aster PAXGUSDT
Bitget PAXGUSDT
Injective PAXG/USDC PERP
Paradex PAXG-USD-PERP
Hyperliquid PAXG
Pacifica PAXG
Bybit PAXGUSDT
KuCoin PAXGUSDTM
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
ApeX Omni PAXGUSDT
Orderly PERP_PAXG_USDC_mythos
Phemex PAXGUSDT
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD