Funding you earn now, next payment 12:00 UTC+0.0008%/8h= +0.9% APRnext payment +$0.04 per $10,000 · paid last 24h 0.000%
Price spread now: Phemex against BingX−0.057%7-day average −0.069% · you buy dearer than you sell
Net, funding: paid 7d − costs−$61as in the Funding arb table
Net, price: spread back to 7d avg − costs−$60as in the Price arb table
costs, in and out, $10k−$610.609% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)+0.005%+$1 · spread now −0.057%, 7d avg −0.069%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX PAXG-USDT | 4,304.5 | 0.0092 | pay 0.0046% / 4h | 3h 56m | — | $6.8M | — |
| Short | Phemex PAXGUSDT | 4,302 | 0.0100 | get 0.0050% / 4h | 3h 56m | $1.5M | $66K | 50x |
BingX PAXG-USDT
Phemex PAXGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- $1.68
- Price spread: −0.057% → −0.069%
- $1.11
- Slippage, 4 orders
- −$38.93
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$58.14
- Costs to cover
- 0.609%
- Break-even
- 249.2 days
Slippage from BingX: live order book, 11 min ago; Phemex: live order book, 2 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, 11 min ago | 0.07 bp | 5.2 bp −$5 | 6.0 bp −$60 | 11.3 bp −$1,127 | 32.5 bp −$16.2K |
| Sell Phemex live order book, 2 min ago | 5.81 bp | 21.1 bp −$21 | doesn't fit | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| GRVT PAXG_USDT_Perp | −0.0326% | 4h | 4,301.6 | −0.066% | $1.5M | $1.9M | 10x | as long as short |
| Lighter PAXG | −0.0304% | 1h | 4,302.2 | −0.053% | $1.4M | $605K | 25x | as long as short |
| Hibachi PAXG/USDT-P | −0.0160% | 1h | 4,304.8 | +0.008% | $41K | $171K | 20x | as long as short |
| Kraken Futures PF_PAXGUSD | −0.0097% | 1h | 4,303.7 | −0.017% | $1.2M | $1.7M | 20x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,306 | +0.035% | $100K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,306 | +0.036% | $15.6M | $3.7M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,299.3 | −0.119% | $2K | $3.2M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,307.3 | +0.067% | $7.9M | $599K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,311 | +0.152% | $904K | $803K | 75x | as long as short |
| ApeX Omni PAXGUSDT | +0.0015% | 1h | 4,300.7 | −0.088% | $260K | $771K | 50x | as long as short |
GRVT PAXG_USDT_Perp
Lighter PAXG
Hibachi PAXG/USDT-P
Kraken Futures PF_PAXGUSD
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
ApeX Omni PAXGUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended PAXG-USD | +0.0016% | 1h | 4,301.6 | −0.066% | $377K | $1.6M | 25x | as long as short |
| MEXC PAXG_USDT | +0.0018% | 4h | 4,309.5 | +0.116% | $16.6M | $1.1M | 100x | as long as short |
| Binance PAXGUSDT | +0.0019% | 4h | 4,304.2 | −0.007% | $80.2M | $79.3M | 75x | as long as short |
| Aster PAXGUSDT | +0.0028% | 4h | 4,303.4 | −0.025% | $898K | $32K | 50x | as long as short |
| Bitget PAXGUSDT | +0.0030% | 4h | 4,303.4 | −0.024% | $9.4M | $16.0M | 50x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.995% | $1K | $151K | 30x | as long as short |
| Bybit PAXGUSDT | +0.0044% | 4h | 4,303.7 | −0.018% | $14.9M | $4.2M | 75x | as long as short |
| Hyperliquid PAXG | +0.0059% | 1h | 4,303.1 | −0.032% | $20.9M | $2.5M | 10x | as long as short |
| BingX PAXG-USDTlong | +0.0092% | 4h | 4,304.5 | long leg | — | $6.8M | — | |
| Paradex PAXG-USD-PERP | +0.0095% | 8h | 4,303.6 | −0.020% | $85K | $4.1M | 50x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,305.8 | +0.031% | $1.0M | $304K | 10x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,305.6 | +0.027% | $28.5M | $5.3M | 30x | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,304 | −0.010% | $1.2M | $856K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,301.5 | −0.070% | $12.2M | $230K | — | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,303.4 | −0.025% | $552 | — | 10x | as long as short |
| Phemex PAXGUSDTshort | +0.0100% | 4h | 4,302 | −0.057% | $1.5M | $66K | 50x | |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,302.4 | −0.048% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0232% | 1h | 4,307.2 | +0.064% | $938K | $1.0M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0848% | 1h | 4,314.8 | +0.240% | $29K | $23K | 10x | as long as short |
Extended PAXG-USD
MEXC PAXG_USDT
Binance PAXGUSDT
Aster PAXGUSDT
Bitget PAXGUSDT
Injective PAXG/USDC PERP
Bybit PAXGUSDT
Hyperliquid PAXG
Paradex PAXG-USD-PERP
Pacifica PAXG
KuCoin PAXGUSDTM
Backpack PAXG_USDC_PERP
Variational Omni PAXG
Orderly PERP_PAXG_USDC_mythos
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD