Funding you earn now, next payment 04:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.038%
Price spread now: dYdX against BingX−0.036%7-day average −0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs−$67as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$420.420% of the position
Funding, last 7 days−0.253%−$25 on $10k
+Price spread, last 4 days (all we have)+0.082%+$8 · spread now −0.036%, 7d avg −0.013%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and dYdX is 0.023% cheaper against BingX than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.013%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX PAXG-USDT | 4,339.3 | 0.0100 | pay 0.0050% / 4h | 46m 22s | — | $6.8M | — |
| Short | dYdX PAXG-USD | 4,337.7 | 0 | get 0.0000% / 1h | 46m 22s | $101K | $12K | 5x |
BingX PAXG-USDT
dYdX PAXG-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX against BingX. 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
- −$21
- Price spread: −0.036% → −0.013%
- −$2.27
- Slippage, 4 orders
- −$22.05
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$65.32
- Costs to cover
- 0.420%
- Break-even
- never at this rate
Slippage from BingX: live order book, 6 min ago; dYdX: live order book, 12 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 BingX live order book, 6 min ago | 0.38 bp | 5.9 bp −$6 | 6.4 bp −$64 | 11.5 bp −$1,149 | 35.1 bp −$17.5K |
| Sell dYdX live order book, 12 min ago | 10.37 bp | 15.4 bp −$15 | 33.1 bp −$331 | 174.4 bp −$17.4K | 1084.2 bp −$542.1K |
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 | 4,337.8 | −0.034% | $41K | $158K | 20x | as long as short |
| dYdX PAXG-USDshort | 0.0000% | 1h | 4,337.7 | −0.036% | $101K | $12K | 5x | |
| Gate PAXG_USDT | 0.0000% | 8h | 4,340.9 | +0.037% | $15.6M | $3.3M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,336.4 | −0.067% | $2K | $3.6M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,342.7 | +0.078% | $7.9M | $868K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,343.3 | +0.092% | $904K | $671K | 75x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.184% | $1K | $151K | 30x | as long as short |
| Lighter PAXG | +0.0088% | 1h | 4,338 | −0.029% | $1.4M | $347K | 25x | as long as short |
| GRVT PAXG_USDT_Perp | +0.0090% | 4h | 4,336.7 | −0.060% | $1.5M | $1.9M | 10x | as long as short |
| ApeX Omni PAXGUSDT | +0.0093% | 1h | 4,336.1 | −0.074% | $262K | $788K | 50x | as long as short |
Hibachi PAXG/USDT-P
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Injective PAXG/USDC PERP
Lighter PAXG
GRVT PAXG_USDT_Perp
ApeX Omni PAXGUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex PAXG-USD-PERP | +0.0100% | 8h | 4,339.6 | +0.006% | $81K | $3.7M | 50x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,340.2 | +0.021% | $20.7M | $2.4M | 10x | as long as short |
| Aster PAXGUSDT | +0.0100% | 4h | 4,339.6 | +0.007% | $905K | $30K | 50x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,339.9 | +0.015% | $1.0M | $339K | 10x | as long as short |
| Binance PAXGUSDT | +0.0100% | 4h | 4,339.3 | 0.000% | $80.2M | $70.4M | 75x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,340.1 | +0.018% | $14.9M | $3.8M | 75x | as long as short |
| MEXC PAXG_USDT | +0.0100% | 4h | 4,340.1 | +0.019% | $16.1M | $1.1M | 100x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,342.7 | +0.078% | $28.6M | $5.3M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,340.1 | +0.019% | $9.6M | $14.8M | 50x | as long as short |
| BingX PAXG-USDTlong | +0.0100% | 4h | 4,339.3 | long leg | — | $6.8M | — | |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,339.2 | −0.001% | $1.3M | $799K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,337.5 | −0.042% | $12.4M | $97K | — | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,338.9 | −0.009% | $557 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,338 | −0.030% | $1.5M | $39K | 50x | as long as short |
| Extended PAXG-USD | +0.0104% | 1h | 4,338.2 | −0.026% | $380K | $1.4M | 25x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,339.3 | 0.000% | $21K | — | 100x | as long as short |
| Kraken Futures PF_PAXGUSD | +0.0210% | 1h | 4,340.2 | +0.021% | $1.3M | $1.4M | 20x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0320% | 1h | 4,342.3 | +0.068% | $967K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0952% | 1h | 4,349.1 | +0.226% | $29K | $23K | 10x | as long as short |
Paradex PAXG-USD-PERP
Hyperliquid PAXG
Aster PAXGUSDT
Pacifica PAXG
Binance PAXGUSDT
Bybit PAXGUSDT
MEXC PAXG_USDT
KuCoin PAXGUSDTM
Bitget PAXGUSDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
Orderly PERP_PAXG_USDC_mythos
Phemex PAXGUSDT
Extended PAXG-USD
Reya PAXGRUSDPERP
Kraken Futures PF_PAXGUSD
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD