Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.50 per $10,000 · paid last 24h −0.030%
Price spread now: SunX against BingX−0.166%7-day average −0.122% · you buy dearer than you sell
Net, funding: paid 7d − costs−$96as in the Funding arb table
Net, price: spread back to 7d avg − costs−$79as in the Price arb table
costs, in and out, $10k−$750.747% of the position
Funding, last 7 days−0.210%−$21 on $10k
+Price spread, last 4 days (all we have)+0.089%+$9 · spread now −0.166%, 7d avg −0.122%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and SunX is 0.044% cheaper against BingX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.122%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX PAXG-USDT | 4,335 | 0.0100 | pay 0.0050% / 4h | 3h 54m | — | $6.8M | — |
| Short | SunX PAXG-USDT | 4,327.8 | 0 | get 0.0000% / 4h | 3h 54m | $2K | $3.6M | 20x |
BingX PAXG-USDT
SunX PAXG-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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: −0.166% → −0.122%
- −$4.39
- Slippage, 4 orders
- −$56.65
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$100.04
- Costs to cover
- 0.747%
- Break-even
- never at this rate
Slippage from BingX: live order book, 8 min ago; SunX: live order book, 3 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, 8 min ago | 0.18 bp | 5.7 bp −$6 | 6.2 bp −$62 | 10.6 bp −$1,058 | 36.5 bp −$18.3K |
| Sell SunX live order book, 3 min ago | 21.54 bp | 25.5 bp −$26 | 55.2 bp −$552 | 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 | −0.0296% | 4h | 4,334.9 | −0.003% | $1.5M | $1.9M | 10x | as long as short |
| ApeX Omni PAXGUSDT | −0.0248% | 1h | 4,334.4 | −0.014% | $262K | $788K | 50x | as long as short |
| Lighter PAXG | −0.0168% | 1h | 4,332.9 | −0.049% | $1.4M | $362K | 25x | as long as short |
| Hibachi PAXG/USDT-P | −0.0144% | 1h | 4,334.9 | −0.003% | $42K | $155K | 20x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,338.4 | +0.078% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,336.1 | +0.026% | $15.6M | $3.3M | 100x | as long as short |
| SunX PAXG-USDTshort | 0.0000% | 4h | 4,327.8 | −0.166% | $2K | $3.6M | 20x | |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,336.9 | +0.045% | $7.9M | $868K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,341.3 | +0.146% | $903K | $684K | 75x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.284% | $1K | $151K | 30x | as long as short |
GRVT PAXG_USDT_Perp
ApeX Omni PAXGUSDT
Lighter PAXG
Hibachi PAXG/USDT-P
dYdX PAXG-USD
Gate PAXG_USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Injective PAXG/USDC PERPShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_PAXGUSD | +0.0065% | 1h | 4,334.1 | −0.022% | $1.3M | $1.4M | 20x | as long as short |
| Binance PAXGUSDT | +0.0081% | 4h | 4,334.3 | −0.016% | $80.0M | $71.2M | 75x | as long as short |
| MEXC PAXG_USDT | +0.0084% | 4h | 4,337.5 | +0.057% | $16.1M | $1.0M | 100x | as long as short |
| Extended PAXG-USD | +0.0088% | 1h | 4,333.1 | −0.043% | $378K | $1.4M | 25x | as long as short |
| Paradex PAXG-USD-PERP | +0.0100% | 8h | 4,334.4 | −0.013% | $81K | $3.7M | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,334.6 | −0.009% | $556 | — | 10x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,334.7 | −0.007% | $20.7M | $2.3M | 10x | as long as short |
| Aster PAXGUSDT | +0.0100% | 4h | 4,333.4 | −0.036% | $904K | $27K | 50x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,336.3 | +0.029% | $1.0M | $338K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,334.9 | −0.001% | $14.9M | $3.9M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,336.6 | +0.038% | $28.6M | $5.3M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,335.2 | +0.004% | $9.7M | $15.1M | 50x | as long as short |
| BingX PAXG-USDTlong | +0.0100% | 4h | 4,335 | long leg | — | $6.8M | — | |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,334.9 | −0.003% | $1.3M | $801K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,334.1 | −0.021% | $12.3M | $227K | — | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,332 | −0.069% | $1.5M | $40K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,333.1 | −0.043% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0296% | 1h | 4,341 | +0.139% | $988K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.1008% | 1h | 4,344 | +0.208% | $29K | $23K | 10x | as long as short |
Kraken Futures PF_PAXGUSD
Binance PAXGUSDT
MEXC PAXG_USDT
Extended PAXG-USD
Paradex PAXG-USD-PERP
Orderly PERP_PAXG_USDC_mythos
Hyperliquid PAXG
Aster PAXGUSDT
Pacifica PAXG
Bybit PAXGUSDT
KuCoin PAXGUSDTM
Bitget PAXGUSDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
Phemex PAXGUSDT
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD