PAXG

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0012%/8h= −1.3% APRnext payment −$0.06 per $10,000 · paid last 24h +0.005%

Price spread now: MEXC against Bitget+0.171%7-day average +0.079% · you sell dearer than you buy

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$15as in the Price arb table

costs, in and out, $10k−$240.242% of the position

Long on Bitget Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.021%−$2 on $10k

Price spread, last 7 days−0.141%−$14 · spread now +0.171%, 7d avg +0.079%

Together, before fees−0.161%−$16 on $10k · with fees, hour by hour

The price spread pays, funding is against you. MEXC is 0.092% dearer against Bitget than usual: you sell high and buy low (spread +0.171% now, against its 7-day average of +0.079%): +$9 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 26 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget PAXGUSDT	4,301.8	0.0034	pay 0.0017% / 4h	3h 59m	$9.5M	$16.0M	50x
Short	MEXC PAXG_USDT	4,309.2	0.0022	get 0.0011% / 4h	3h 59m	$16.6M	$1.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Bitget. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BitgetbpFee MEXCbpOrdersPrice spread, now +0.171%Rate

Funding earned: −$2.52
Price spread: +0.171% → +0.079%: $9.22
Slippage, 4 orders: −$8.25
Fee Bitget: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$17.55
Costs to cover: 0.242%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; MEXC: 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	6.9 bp −$7	7.5 bp −$75	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	2.08 bp	4.6 bp −$5	25.7 bp −$257	58.6 bp −$5,864	135.7 bp −$67.8K

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
Lighter PAXG	−0.0192%	1h	4,300.4	−0.034%	$1.4M	$609K	25x	as long as short
Hibachi PAXG/USDT-P	−0.0160%	1h	4,302.3	+0.011%	$40K	$174K	20x	as long as short
GRVT PAXG_USDT_Perp	−0.0126%	4h	4,303.3	+0.035%	$1.5M	$1.9M	10x	as long as short
Hyperliquid PAXG	−0.0066%	1h	4,301.9	+0.002%	$20.7M	$2.4M	10x	as long as short
Kraken Futures PF_PAXGUSD	−0.0055%	1h	4,302.3	+0.011%	$1.2M	$1.7M	20x	as long as short
dYdX PAXG-USD	0.0000%	1h	4,302.5	+0.016%	$100K	$12K	5x	as long as short
Gate PAXG_USDT	0.0000%	8h	4,304.5	+0.063%	$15.6M	$3.9M	100x	as long as short
SunX PAXG-USDT	0.0000%	4h	4,298.2	−0.084%	$2K	$3.2M	20x	as long as short
Deribit PAXG_USDC-PERPETUAL	0.0000%	1h	4,306.8	+0.116%	$7.9M	$599K	50x	as long as short
HTX PAXG-USDT	0.0000%	4h	4,308	+0.144%	$903K	$802K	75x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance PAXGUSDT	+0.0022%	4h	4,302.7	+0.021%	$80.1M	$78.6M	75x	as long as short
MEXC PAXG_USDTshort	+0.0022%	4h	4,309.2	+0.171%	$16.6M	$1.2M	100x
Extended PAXG-USD	+0.0024%	1h	4,302.1	+0.006%	$377K	$1.6M	25x	as long as short
ApeX Omni PAXGUSDT	+0.0026%	1h	4,303.2	+0.032%	$261K	$772K	50x	as long as short
Aster PAXGUSDT	+0.0029%	4h	4,303.4	+0.038%	$897K	$29K	50x	as long as short
Injective PAXG/USDC PERP	+0.0033%	1h	4,347.3	+1.058%	$1K	$151K	30x	as long as short
Bitget PAXGUSDTlong	+0.0034%	4h	4,301.8	long leg	$9.5M	$16.0M	50x
Paradex PAXG-USD-PERP	+0.0097%	8h	4,301.7	−0.003%	$85K	$4.1M	50x	as long as short
Pacifica PAXG	+0.0100%	1h	4,303.3	+0.034%	$1.0M	$302K	10x	as long as short
Bybit PAXGUSDT	+0.0100%	4h	4,303.2	+0.033%	$14.9M	$4.0M	75x	as long as short
KuCoin PAXGUSDTM	+0.0100%	4h	4,304.6	+0.065%	$28.5M	$5.4M	30x	as long as short
BingX PAXG-USDT	+0.0100%	4h	4,303	+0.029%	—	$6.8M	—	as long as short
Backpack PAXG_USDC_PERP	+0.0100%	1h	4,303.7	+0.045%	$1.2M	$844K	50x	as long as short
Variational Omni PAXG	+0.0100%	4h	4,301.5	−0.008%	$12.2M	$230K	—	as long as short
Orderly PERP_PAXG_USDC_mythos	+0.0100%	4h	4,301.6	−0.005%	$552	—	10x	as long as short
Phemex PAXGUSDT	+0.0100%	4h	4,301	−0.019%	$1.5M	$66K	50x	as long as short
Reya PAXGRUSDPERP	+0.0189%	1h	4,301.2	−0.015%	$20K	—	100x	as long as short
Coinbase International PAXG-PERP-INTX	+0.0224%	1h	4,305.9	+0.095%	$940K	$1.0M	50x	as long as short
01 Exchange PAXGUSD	+0.0904%	1h	4,312.3	+0.244%	$29K	$23K	10x	as long as short