Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.50 per $10,000 · paid last 24h −0.023%
Price spread now: HTX against Bitget+0.183%7-day average +0.147% · you sell dearer than you buy
Net, funding: paid 7d − costs−$57as in the Funding arb table
Net, price: spread back to 7d avg − costs−$49as in the Price arb table
costs, in and out, $10k−$520.523% of the position
Funding, last 7 days−0.046%−$5 on $10k
+Price spread, last 4 days (all we have)−0.010%−$1 · spread now +0.183%, 7d avg +0.147%
=The price spread pays, funding is against you. HTX is 0.036% dearer against Bitget than usual: you sell high and buy low (spread +0.183% now, against its 7-day average of +0.147%): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 28 hours. At the pace of the last 7 days (−0.046% in total) that is about 5.5 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget PAXGUSDT | 4,333.2 | 0.0100 | pay 0.0050% / 4h | 2h 36m | $9.7M | $15.3M | 50x |
| Short | HTX PAXG-USDT | 4,341.1 | 0 | get 0.0000% / 4h | 2h 36m | $904K | $699K | 75x |
Bitget PAXGUSDT
HTX PAXG-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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: +0.183% → +0.147%
- $3.56
- Slippage, 4 orders
- −$28.35
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$69.79
- Costs to cover
- 0.523%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 2 min ago; HTX: live order book, 12 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, 2 min ago | 0.23 bp | 6.3 bp −$6 | 6.3 bp −$63 | doesn't fit | doesn't fit |
| Sell HTX live order book, 12 min ago | 1.64 bp | 12.3 bp −$12 | 14.3 bp −$143 | 17.5 bp −$1,754 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hibachi PAXG/USDT-P | −0.0168% | 1h | 4,334.2 | +0.024% | $44K | $160K | 20x | as long as short |
| Kraken Futures PF_PAXGUSD | −0.0101% | 1h | 4,334.1 | +0.021% | $1.2M | $1.5M | 20x | as long as short |
| Lighter PAXG | −0.0096% | 1h | 4,331.9 | −0.031% | $1.4M | $379K | 25x | as long as short |
| ApeX Omni PAXGUSDT | −0.0025% | 1h | 4,335 | +0.042% | $262K | $782K | 50x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,338 | +0.111% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,334.6 | +0.032% | $15.6M | $3.4M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,330 | −0.074% | $1K | $3.4M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,337.5 | +0.100% | $7.9M | $843K | 50x | as long as short |
| HTX PAXG-USDTshort | 0.0000% | 4h | 4,341.1 | +0.183% | $904K | $699K | 75x | |
| GRVT PAXG_USDT_Perp | +0.0028% | 4h | 4,336.6 | +0.078% | $1.5M | $1.9M | 10x | as long as short |
Hibachi PAXG/USDT-P
Kraken Futures PF_PAXGUSD
Lighter PAXG
ApeX Omni PAXGUSDT
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
GRVT PAXG_USDT_PerpShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.325% | $1K | $151K | 30x | as long as short |
| Extended PAXG-USD | +0.0040% | 1h | 4,331.6 | −0.037% | $379K | $1.4M | 25x | as long as short |
| Binance PAXGUSDT | +0.0042% | 4h | 4,332.6 | −0.013% | $80.1M | $70.7M | 75x | as long as short |
| MEXC PAXG_USDT | +0.0042% | 4h | 4,335.5 | +0.052% | $16.1M | $1.0M | 100x | as long as short |
| Hyperliquid PAXG | +0.0069% | 1h | 4,333.4 | +0.005% | $20.7M | $2.3M | 10x | as long as short |
| Aster PAXGUSDT | +0.0073% | 4h | 4,335.3 | +0.048% | $904K | $26K | 50x | as long as short |
| Paradex PAXG-USD-PERP | +0.0099% | 8h | 4,333.3 | +0.001% | $81K | $3.4M | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,334.7 | +0.035% | $556 | — | 10x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,335.1 | +0.044% | $1.0M | $348K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,334.1 | +0.021% | $14.9M | $3.9M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,335.7 | +0.058% | $28.5M | $5.3M | 30x | as long as short |
| Bitget PAXGUSDTlong | +0.0100% | 4h | 4,333.2 | long leg | $9.7M | $15.3M | 50x | |
| BingX PAXG-USDT | +0.0100% | 4h | 4,333.2 | +0.001% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,333.3 | +0.003% | $1.3M | $798K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,342.2 | +0.208% | $12.3M | $222K | — | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,330 | −0.074% | $1.5M | $33K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,333.5 | +0.006% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0248% | 1h | 4,347.5 | +0.331% | $956K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0784% | 1h | 4,345.5 | +0.284% | $29K | $24K | 10x | as long as short |
Injective PAXG/USDC PERP
Extended PAXG-USD
Binance PAXGUSDT
MEXC PAXG_USDT
Hyperliquid PAXG
Aster PAXGUSDT
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