Funding you earn now, next payment 04:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%
Price spread now: Gate against BingX+0.013%7-day average +0.054% · you sell dearer than you buy
Net, funding: paid 7d − costs−$48as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$310.308% of the position
Funding, last 7 days−0.169%−$17 on $10k
+Price spread, last 7 days+0.045%+$5 · spread now +0.013%, 7d avg +0.054%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Gate is 0.041% cheaper against BingX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.054%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX PAXG-USDT | 4,347.2 | 0.0100 | pay 0.0050% / 4h | 3h 18m | — | $6.8M | — |
| Short | Gate PAXG_USDT | 4,347.8 | 0 | get 0.0000% / 8h | 7h 18m | $15.7M | $3.5M | 100x |
BingX PAXG-USDT
Gate PAXG_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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: +0.013% → +0.054%
- −$4.06
- Slippage, 4 orders
- −$5.78
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$55.83
- Costs to cover
- 0.308%
- Break-even
- never at this rate
Slippage from BingX: live order book, 5 min ago; Gate: 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 BingX live order book, 5 min ago | 0.28 bp | 5.3 bp −$5 | 5.8 bp −$58 | 9.1 bp −$913 | 23.4 bp −$11.7K |
| Sell Gate live order book, 1 min ago | 0.81 bp | 10.9 bp −$11 | 15.6 bp −$156 | 28.6 bp −$2,856 | 60.7 bp −$30.3K |
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 | 4,347 | −0.006% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDTshort | 0.0000% | 8h | 4,347.8 | +0.013% | $15.7M | $3.5M | 100x | |
| SunX PAXG-USDT | 0.0000% | 4h | 4,341.2 | −0.138% | $2K | $3.9M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,350.1 | +0.066% | $7.9M | $875K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,352.1 | +0.113% | $904K | $645K | 75x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.002% | $1K | $151K | 30x | as long as short |
| GRVT PAXG_USDT_Perp | +0.0052% | 4h | 4,351.1 | +0.089% | $1.5M | $2.0M | 10x | as long as short |
| Lighter PAXG | +0.0096% | 1h | 4,345.3 | −0.045% | $1.4M | $270K | 25x | as long as short |
| Paradex PAXG-USD-PERP | +0.0100% | 8h | 4,345.2 | −0.046% | $80K | $3.7M | 50x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,346.3 | −0.021% | $20.7M | $2.1M | 10x | as long as short |
dYdX PAXG-USD
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 | 4,346.7 | −0.013% | $907K | $29K | 50x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,347.3 | +0.001% | $1.0M | $366K | 10x | as long as short |
| Binance PAXGUSDT | +0.0100% | 4h | 4,346.9 | −0.008% | $80.2M | $70.9M | 75x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,347.9 | +0.016% | $15.1M | $3.6M | 75x | as long as short |
| MEXC PAXG_USDT | +0.0100% | 4h | 4,349.8 | +0.058% | $16.2M | $1.2M | 100x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,348.2 | +0.022% | $28.4M | $5.5M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,349 | +0.042% | $9.6M | $15.1M | 50x | as long as short |
| BingX PAXG-USDTlong | +0.0100% | 4h | 4,347.2 | long leg | — | $6.8M | — | |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,347.3 | +0.003% | $1.4M | $844K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,351.7 | +0.104% | $12.5M | $104K | — | as long as short |
| ApeX Omni PAXGUSDT | +0.0100% | 1h | 4,350.9 | +0.085% | $263K | $786K | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,345.6 | −0.037% | $558 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,345 | −0.051% | $1.5M | $39K | 50x | as long as short |
| Extended PAXG-USD | +0.0104% | 1h | 4,346.1 | −0.026% | $382K | $1.4M | 25x | as long as short |
| Hibachi PAXG/USDT-P | +0.0168% | 1h | 4,350.8 | +0.083% | $42K | $146K | 20x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,345.8 | −0.033% | $21K | — | 100x | as long as short |
| Kraken Futures PF_PAXGUSD | +0.0209% | 1h | 4,346.9 | −0.007% | $1.3M | $1.4M | 20x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0304% | 1h | 4,349.6 | +0.055% | $972K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0992% | 1h | 4,356.1 | +0.204% | $29K | $23K | 10x | as long as short |
Aster PAXGUSDT
Pacifica PAXG
Binance PAXGUSDT
Bybit PAXGUSDT
MEXC PAXG_USDT
KuCoin PAXGUSDTM
Bitget PAXGUSDT
Backpack PAXG_USDC_PERP
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