Funding you earn now, next payment 12:00 UTC−0.0021%/8h= −2.3% APRnext payment −$0.11 per $10,000 · paid last 24h −0.026%
Price spread now: HTX against Binance+0.181%53s7-day average +0.161% · you sell dearer than you buy
Net, funding: paid 7d − costs−$47as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$440.443% of the position
Funding, last 7 days−0.027%−$3 on $10k
+Price spread, last 4 days (all we have)+0.130%+$13 · spread now +0.181%, 7d avg +0.161%
=The price spread pays, funding is against you. HTX is 0.020% dearer against Binance than usual: you sell high and buy low (spread +0.181% now, against its 7-day average of +0.161%): +$2 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.2 days. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance PAXGUSDT | 4,328 | 0.0021 | pay 0.0011% / 4h | 3h 01m | $80.3M | $82.0M | 75x |
| Short | HTX PAXG-USDT | 4,335.9 | 0 | get 0.0000% / 4h | 3h 01m | $910K | $819K | 75x |
Binance PAXGUSDT
HTX PAXG-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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
- −$4.48
- Price spread: +0.181% → +0.161%
- $2.02
- Slippage, 4 orders
- −$22.32
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$46.78
- Costs to cover
- 0.443%
- Break-even
- never at this rate
Slippage from Binance: live order book, 11 min ago; HTX: live order book, 32 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, 11 min ago | 0.01 bp | 5.0 bp −$5 | 5.4 bp −$54 | 9.5 bp −$952 | doesn't fit |
| Sell HTX live order book, 32 min ago | 1.00 bp | 17.8 bp −$18 | 21.2 bp −$212 | 24.5 bp −$2,448 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX PAXG-USD | −0.0248% | 1h | 4,332.2 | +0.097% | $115K | $15K | 5x | as long as short |
| Lighter PAXG | −0.0136% | 1h | 4,329.4 | +0.033% | $1.4M | $636K | 25x | as long as short |
| Kraken Futures PF_PAXGUSD | −0.0096% | 1h | 4,329.2 | +0.027% | $1.2M | $2.1M | 20x | as long as short |
| GRVT PAXG_USDT_Perp | −0.0078% | 4h | 4,331.9 | +0.090% | $1.5M | $2.0M | 10x | as long as short |
| Hibachi PAXG/USDT-P | −0.0024% | 1h | 4,333.5 | +0.128% | $43K | $189K | 20x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,330.6 | +0.060% | $15.7M | $4.1M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,324.4 | −0.082% | $2K | $3.1M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,332.2 | +0.096% | $7.9M | $428K | 50x | as long as short |
| HTX PAXG-USDTshort | 0.0000% | 4h | 4,335.9 | +0.181% | $910K | $819K | 75x | |
| MEXC PAXG_USDT | +0.0018% | 4h | 4,333.7 | +0.130% | $16.7M | $1.2M | 100x | as long as short |
dYdX PAXG-USD
Lighter PAXG
Kraken Futures PF_PAXGUSD
GRVT PAXG_USDT_Perp
Hibachi PAXG/USDT-P
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
MEXC PAXG_USDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget PAXGUSDT | +0.0020% | 4h | 4,327.7 | −0.007% | $9.2M | $16.3M | 50x | as long as short |
| Binance PAXGUSDTlong | +0.0021% | 4h | 4,328 | long leg | $80.3M | $82.0M | 75x | |
| Extended PAXG-USD | +0.0024% | 1h | 4,326.8 | −0.028% | $375K | $1.5M | 25x | as long as short |
| ApeX Omni PAXGUSDT | +0.0030% | 1h | 4,330.4 | +0.055% | $262K | $806K | 50x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.446% | $1K | $151K | 30x | as long as short |
| Aster PAXGUSDT | +0.0037% | 4h | 4,329.8 | +0.042% | $906K | $38K | 50x | as long as short |
| Hyperliquid PAXG | +0.0076% | 1h | 4,328.2 | +0.004% | $21.3M | $2.6M | 10x | as long as short |
| Paradex PAXG-USD-PERP | +0.0086% | 8h | 4,329.9 | +0.043% | $80K | $4.4M | 50x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,332.3 | +0.099% | $1.0M | $308K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,328.4 | +0.009% | $15.0M | $4.6M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,332.9 | +0.113% | $28.9M | $5.5M | 30x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,330.2 | +0.050% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,332.1 | +0.094% | $1.2M | $857K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,331.7 | +0.086% | $12.2M | $291K | — | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,327.9 | −0.003% | $555 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,326 | −0.046% | $1.5M | $80K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,327.2 | −0.018% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0232% | 1h | 4,332.1 | +0.094% | $934K | $1.0M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.1288% | 1h | 4,387.3 | +1.370% | $29K | $24K | 10x | as long as short |
Bitget PAXGUSDT
Extended PAXG-USD
ApeX Omni PAXGUSDT
Injective PAXG/USDC PERP
Aster PAXGUSDT
Hyperliquid PAXG
Paradex PAXG-USD-PERP
Pacifica PAXG
Bybit PAXGUSDT
KuCoin PAXGUSDTM
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
Orderly PERP_PAXG_USDC_mythos
Phemex PAXGUSDT
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD