Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.009%
Price spread now: Phemex against Bitget−0.104%7-day average −0.047% · you buy dearer than you sell
Net, funding: paid 7d − costs−$66as in the Funding arb table
Net, price: spread back to 7d avg − costs−$75as in the Price arb table
costs, in and out, $10k−$700.696% of the position
Funding, last 7 days+0.037%+$4 on $10k
+Price spread, last 3 days (all we have)+0.082%+$8 · spread now −0.104%, 7d avg −0.047%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.056% cheaper against Bitget than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.047%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget PAXGUSDT | 4,354.5 | 0.0100 | pay 0.0050% / 4h | 1h 10m | $9.3M | $13.3M | 50x |
| Short | Phemex PAXGUSDT | 4,350 | 0.0100 | get 0.0050% / 4h | 1h 10m | $1.5M | $38K | 50x |
Bitget PAXGUSDT
Phemex PAXGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- $0
- Price spread: −0.104% → −0.047%
- −$5.64
- Slippage, 4 orders
- −$45.56
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$75.2
- Costs to cover
- 0.696%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 3 min ago; Phemex: live order book, 2 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, 3 min ago | 0.01 bp | 8.2 bp −$8 | 11.8 bp −$118 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 2 min ago | 5.75 bp | 27.1 bp −$27 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX PAXG-USD | 0.0000% | 1h | 4,350.7 | −0.087% | $102K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,356 | +0.034% | $15.8M | $3.6M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,347.2 | −0.169% | $2K | $3.9M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,355.9 | +0.031% | $7.9M | $866K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,354.2 | −0.007% | $910K | $645K | 75x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | −0.166% | $1K | $151K | 30x | as long as short |
| Kraken Futures PF_PAXGUSD | +0.0080% | 1h | 4,354.3 | −0.005% | $1.3M | $1.4M | 20x | as long as short |
| Lighter PAXG | +0.0096% | 1h | 4,353 | −0.034% | $1.4M | $273K | 25x | as long as short |
| Hibachi PAXG/USDT-P | +0.0096% | 1h | 4,350 | −0.104% | $47K | $139K | 20x | as long as short |
| Paradex PAXG-USD-PERP | +0.0100% | 8h | 4,353.5 | −0.023% | $80K | $3.7M | 50x | as long as short |
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Injective PAXG/USDC PERP
Kraken Futures PF_PAXGUSD
Lighter PAXG
Hibachi PAXG/USDT-P
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 | 4,354 | −0.012% | $20.4M | $1.8M | 10x | as long as short |
| Aster PAXGUSDT | +0.0100% | 4h | 4,353.5 | −0.023% | $908K | $27K | 50x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,354.5 | −0.001% | $1.0M | $344K | 10x | as long as short |
| Binance PAXGUSDT | +0.0100% | 4h | 4,354 | −0.012% | $80.1M | $67.2M | 75x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,354.9 | +0.009% | $15.2M | $3.6M | 75x | as long as short |
| MEXC PAXG_USDT | +0.0100% | 4h | 4,349.9 | −0.106% | $16.0M | $1.2M | 100x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,356.1 | +0.035% | $26.9M | $5.2M | 30x | as long as short |
| Bitget PAXGUSDTlong | +0.0100% | 4h | 4,354.5 | long leg | $9.3M | $13.3M | 50x | |
| BingX PAXG-USDT | +0.0100% | 4h | 4,354.1 | −0.011% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,353.3 | −0.028% | $1.4M | $954K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,348.2 | −0.145% | $12.5M | $114K | — | as long as short |
| GRVT PAXG_USDT_Perp | +0.0100% | 4h | 4,350.5 | −0.093% | $1.6M | $1.9M | 10x | as long as short |
| ApeX Omni PAXGUSDT | +0.0100% | 1h | 4,350 | −0.105% | $263K | $796K | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,351.1 | −0.079% | $558 | — | 10x | as long as short |
| Phemex PAXGUSDTshort | +0.0100% | 4h | 4,350 | −0.104% | $1.5M | $38K | 50x | |
| Extended PAXG-USD | +0.0104% | 1h | 4,353.1 | −0.033% | $378K | $1.2M | 25x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,352.6 | −0.044% | $21K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0320% | 1h | 4,351.8 | −0.062% | $975K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.1304% | 1h | 4,364.6 | +0.231% | $29K | $22K | 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
Extended PAXG-USD
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD