Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.021%
Price spread now: Gate against Bitget+0.041%7-day average +0.069% · you sell dearer than you buy
Net, funding: paid 7d − costs−$55as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$410.413% of the position
Funding, last 7 days−0.132%−$13 on $10k
+Price spread, last 7 days+0.013%+$1 · spread now +0.041%, 7d avg +0.069%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Gate is 0.028% cheaper against Bitget than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.069%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget PAXGUSDT | 4,344.1 | 0.0100 | pay 0.0050% / 4h | 1h 54m | $9.2M | $13.4M | 50x |
| Short | Gate PAXG_USDT | 4,345.9 | 0 | get 0.0000% / 8h | 1h 54m | $15.8M | $3.6M | 100x |
Bitget PAXGUSDT
Gate PAXG_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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: +0.041% → +0.069%
- −$2.76
- Slippage, 4 orders
- −$14.34
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$65.1
- Costs to cover
- 0.413%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 4 min ago; Gate: live order book, 4 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 | 9.1 bp −$9 | 12.9 bp −$129 | doesn't fit | doesn't fit |
| Sell Gate live order book, 4 min ago | 1.04 bp | 10.9 bp −$11 | 16.3 bp −$163 | 29.6 bp −$2,963 | 62.2 bp −$31.1K |
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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX PAXG-USD | 0.0000% | 1h | 4,340 | −0.094% | $101K | $13K | 5x | as long as short |
| Gate PAXG_USDTshort | 0.0000% | 8h | 4,345.9 | +0.041% | $15.8M | $3.6M | 100x | |
| SunX PAXG-USDT | 0.0000% | 4h | 4,338.7 | −0.125% | $2K | $4.0M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,346.7 | +0.059% | $7.9M | $865K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,345.9 | +0.041% | $909K | $657K | 75x | as long as short |
| Hibachi PAXG/USDT-P | +0.0008% | 1h | 4,343.5 | −0.015% | $47K | $150K | 20x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,337 | −0.164% | $1K | $121K | 30x | as long as short |
| Kraken Futures PF_PAXGUSD | +0.0080% | 1h | 4,345.2 | +0.024% | $1.3M | $1.5M | 20x | as long as short |
| Lighter PAXG | +0.0096% | 1h | 4,342.8 | −0.030% | $1.4M | $273K | 25x | as long as short |
| Paradex PAXG-USD-PERP | +0.0100% | 8h | 4,342.7 | −0.033% | $80K | $3.7M | 50x | as long as short |
dYdX PAXG-USD
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Hibachi PAXG/USDT-P
Injective PAXG/USDC PERP
Kraken Futures PF_PAXGUSD
Lighter PAXG
Paradex PAXG-USD-PERPShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid PAXG | +0.0100% | 1h | 4,344.1 | 0.000% | $20.3M | $1.8M | 10x | as long as short |
| Aster PAXGUSDT | +0.0100% | 4h | 4,344.3 | +0.003% | $907K | $74K | 50x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,343.7 | −0.010% | $1.0M | $373K | 10x | as long as short |
| Binance PAXGUSDT | +0.0100% | 4h | 4,343.8 | −0.007% | $80.0M | $68.6M | 75x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,344.8 | +0.016% | $15.2M | $3.7M | 75x | as long as short |
| MEXC PAXG_USDT | +0.0100% | 4h | 4,342.4 | −0.041% | $15.9M | $1.2M | 100x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,346 | +0.043% | $26.8M | $5.5M | 30x | as long as short |
| Bitget PAXGUSDTlong | +0.0100% | 4h | 4,344.1 | long leg | $9.2M | $13.4M | 50x | |
| BingX PAXG-USDT | +0.0100% | 4h | 4,344.3 | +0.003% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,344.9 | +0.017% | $1.4M | $956K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,343.3 | −0.019% | $12.5M | $114K | — | as long as short |
| GRVT PAXG_USDT_Perp | +0.0100% | 4h | 4,343.4 | −0.017% | $1.5M | $2.1M | 10x | as long as short |
| ApeX Omni PAXGUSDT | +0.0100% | 1h | 4,342.7 | −0.033% | $263K | $798K | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,342.5 | −0.037% | $557 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,340 | −0.095% | $1.5M | $38K | 50x | as long as short |
| Extended PAXG-USD | +0.0104% | 1h | 4,342.9 | −0.029% | $377K | $1.2M | 25x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,343 | −0.027% | $21K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0320% | 1h | 4,347.6 | +0.080% | $976K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.1448% | 1h | 4,360 | +0.366% | $29K | $21K | 10x | as long as short |
Hyperliquid PAXG
Aster PAXGUSDT
Pacifica PAXG
Binance PAXGUSDT
Bybit PAXGUSDT
MEXC PAXG_USDT
KuCoin PAXGUSDTM
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
GRVT PAXG_USDT_Perp
ApeX Omni PAXGUSDT
Orderly PERP_PAXG_USDC_mythos
Phemex PAXGUSDT
Extended PAXG-USD
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD