Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.50 per $10,000 · paid last 24h −0.030%
Price spread now: SunX against Bybit−0.096%7-day average −0.120% · you buy dearer than you sell
Net, funding: paid 7d − costs−$100as in the Funding arb table
Net, price: spread back to 7d avg − costs−$76as in the Price arb table
costs, in and out, $10k−$790.788% of the position
Funding, last 7 days−0.210%−$21 on $10k
+Price spread, last 4 days (all we have)−0.008%−$1 · spread now −0.096%, 7d avg −0.120%
=The price spread pays, funding is against you. SunX is 0.024% dearer against Bybit than usual: you sell high and buy low (spread −0.096% now, against its 7-day average of −0.120%): +$2 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 20 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit PAXGUSDT | 4,342.1 | 0.0100 | pay 0.0050% / 4h | 2h 54m | $14.9M | $3.8M | 75x |
| Short | SunX PAXG-USDT | 4,337.9 | 0 | get 0.0000% / 4h | 2h 54m | $2K | $3.5M | 20x |
Bybit PAXGUSDT
SunX PAXG-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX against Bybit. 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: −0.096% → −0.120%
- $2.44
- Slippage, 4 orders
- −$59.8
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$97.36
- Costs to cover
- 0.788%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 4 min ago; SunX: live order book, 3 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 Bybit live order book, 4 min ago | 0.12 bp | 6.5 bp −$7 | 10.1 bp −$101 | 25.3 bp −$2,533 | doesn't fit |
| Sell SunX live order book, 3 min ago | 21.54 bp | 25.5 bp −$26 | 55.2 bp −$552 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hibachi PAXG/USDT-P | −0.0208% | 1h | 4,341.7 | −0.010% | $46K | $158K | 20x | as long as short |
| Lighter PAXG | −0.0112% | 1h | 4,339.1 | −0.070% | $1.4M | $365K | 25x | as long as short |
| Kraken Futures PF_PAXGUSD | −0.0101% | 1h | 4,341.3 | −0.019% | $1.3M | $1.5M | 20x | as long as short |
| ApeX Omni PAXGUSDT | −0.0033% | 1h | 4,339.6 | −0.057% | $262K | $785K | 50x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,341.9 | −0.006% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,342.4 | +0.007% | $15.6M | $3.3M | 100x | as long as short |
| SunX PAXG-USDTshort | 0.0000% | 4h | 4,337.9 | −0.096% | $2K | $3.5M | 20x | |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,344.3 | +0.051% | $7.9M | $843K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,342 | −0.002% | $905K | $691K | 75x | as long as short |
| GRVT PAXG_USDT_Perp | +0.0004% | 4h | 4,340.2 | −0.044% | $1.5M | $1.9M | 10x | as long as short |
Hibachi PAXG/USDT-P
Lighter PAXG
Kraken Futures PF_PAXGUSD
ApeX Omni PAXGUSDT
dYdX PAXG-USD
Gate PAXG_USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
GRVT PAXG_USDT_PerpShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended PAXG-USD | +0.0032% | 1h | 4,339.1 | −0.070% | $379K | $1.4M | 25x | as long as short |
| MEXC PAXG_USDT | +0.0032% | 4h | 4,342.2 | +0.003% | $16.2M | $1.0M | 100x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.120% | $1K | $151K | 30x | as long as short |
| Binance PAXGUSDT | +0.0035% | 4h | 4,341 | −0.026% | $80.1M | $70.4M | 75x | as long as short |
| Aster PAXGUSDT | +0.0073% | 4h | 4,339.5 | −0.060% | $905K | $26K | 50x | as long as short |
| Hyperliquid PAXG | +0.0085% | 1h | 4,340.7 | −0.032% | $20.8M | $2.3M | 10x | as long as short |
| Paradex PAXG-USD-PERP | +0.0099% | 8h | 4,341.3 | −0.018% | $81K | $3.4M | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,339.2 | −0.067% | $557 | — | 10x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,342 | −0.002% | $1.0M | $343K | 10x | as long as short |
| Bybit PAXGUSDTlong | +0.0100% | 4h | 4,342.1 | long leg | $14.9M | $3.8M | 75x | |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,343.4 | +0.029% | $28.6M | $5.2M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,340.9 | −0.029% | $9.7M | $15.2M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,341.2 | −0.020% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,340.6 | −0.034% | $1.3M | $798K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,340.8 | −0.030% | $12.3M | $222K | — | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,337 | −0.117% | $1.5M | $39K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,339.7 | −0.054% | $21K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0248% | 1h | 4,342.3 | +0.005% | $955K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0768% | 1h | 4,351.8 | +0.223% | $29K | $24K | 10x | as long as short |
Extended PAXG-USD
MEXC PAXG_USDT
Injective PAXG/USDC PERP
Binance PAXGUSDT
Aster PAXGUSDT
Hyperliquid PAXG
Paradex PAXG-USD-PERP
Orderly PERP_PAXG_USDC_mythos
Pacifica PAXG
KuCoin PAXGUSDTM
Bitget PAXGUSDT
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
Phemex PAXGUSDT
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD