Funding you earn now, next payment 06:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.033%
Price spread now: dYdX against Bitget+0.002%53s7-day average +0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$68as 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−$460.460% of the position
Funding, last 7 days−0.218%−$22 on $10k
+Price spread, last 4 days (all we have)+0.021%+$2 · spread now +0.002%, 7d avg +0.005%
=The price spread sits at its 7-day average of +0.005%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. 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 | Bitget PAXGUSDT | 4,321 | 0.0100 | pay 0.0050% / 4h | 2h 19m | $9.3M | $16.0M | 50x |
| Short | dYdX PAXG-USD | 4,321.1 | 0 | get 0.0000% / 1h | 19m 55s | $101K | $12K | 5x |
Bitget PAXGUSDT
dYdX PAXG-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX against Bitget. 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: +0.002% → +0.005%
- −$0.26
- Slippage, 4 orders
- −$23.96
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$67.22
- Costs to cover
- 0.460%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 4 min ago; dYdX: live order book, 29 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 Bitget live order book, 4 min ago | 0.01 bp | 6.9 bp −$7 | 7.0 bp −$70 | doesn't fit | doesn't fit |
| Sell dYdX live order book, 29 min ago | 10.36 bp | 15.4 bp −$15 | 95.6 bp −$956 | 165.8 bp −$16.6K | 867.4 bp −$433.7K |
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 | −0.0160% | 1h | 4,320.9 | −0.002% | $40K | $165K | 20x | as long as short |
| Lighter PAXG | −0.0152% | 1h | 4,318.2 | −0.065% | $1.4M | $389K | 25x | as long as short |
| Kraken Futures PF_PAXGUSD | −0.0102% | 1h | 4,321 | 0.000% | $1.2M | $1.9M | 20x | as long as short |
| ApeX Omni PAXGUSDT | −0.0039% | 1h | 4,315.7 | −0.122% | $261K | $783K | 50x | as long as short |
| GRVT PAXG_USDT_Perp | −0.0032% | 4h | 4,319.2 | −0.042% | $1.5M | $1.9M | 10x | as long as short |
| dYdX PAXG-USDshort | 0.0000% | 1h | 4,321.1 | +0.002% | $101K | $12K | 5x | |
| Gate PAXG_USDT | 0.0000% | 8h | 4,321.5 | +0.012% | $15.6M | $3.7M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,316.5 | −0.104% | $2K | $3.5M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,324.2 | +0.074% | $7.9M | $839K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,322.3 | +0.030% | $901K | $735K | 75x | as long as short |
Hibachi PAXG/USDT-P
Lighter PAXG
Kraken Futures PF_PAXGUSD
ApeX Omni PAXGUSDT
GRVT PAXG_USDT_Perp
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended PAXG-USD | +0.0024% | 1h | 4,319.6 | −0.033% | $377K | $1.4M | 25x | as long as short |
| Binance PAXGUSDT | +0.0024% | 4h | 4,321.3 | +0.007% | $79.6M | $74.0M | 75x | as long as short |
| MEXC PAXG_USDT | +0.0026% | 4h | 4,322.7 | +0.039% | $16.4M | $1.1M | 100x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.609% | $1K | $151K | 30x | as long as short |
| Aster PAXGUSDT | +0.0053% | 4h | 4,320 | −0.023% | $901K | $27K | 50x | as long as short |
| Hyperliquid PAXG | +0.0080% | 1h | 4,320.5 | −0.012% | $20.7M | $2.4M | 10x | as long as short |
| Paradex PAXG-USD-PERP | +0.0097% | 8h | 4,318.5 | −0.059% | $81K | $3.3M | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,318.4 | −0.060% | $554 | — | 10x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,319.1 | −0.043% | $1.0M | $349K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,321.6 | +0.014% | $14.9M | $4.0M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,322.7 | +0.039% | $28.5M | $5.3M | 30x | as long as short |
| Bitget PAXGUSDTlong | +0.0100% | 4h | 4,321 | long leg | $9.3M | $16.0M | 50x | |
| BingX PAXG-USDT | +0.0100% | 4h | 4,320.9 | −0.002% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,321 | 0.000% | $1.3M | $814K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,317.2 | −0.088% | $12.3M | $222K | — | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,320 | −0.023% | $1.5M | $45K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,318.4 | −0.061% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0248% | 1h | 4,321.3 | +0.008% | $950K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0816% | 1h | 4,388.9 | +1.571% | $29K | $24K | 10x | as long as short |
Extended PAXG-USD
Binance PAXGUSDT
MEXC PAXG_USDT
Injective PAXG/USDC PERP
Aster PAXGUSDT
Hyperliquid PAXG
Paradex PAXG-USD-PERP
Orderly PERP_PAXG_USDC_mythos
Pacifica PAXG
Bybit PAXGUSDT
KuCoin PAXGUSDTM
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
Phemex PAXGUSDT
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD