Funding you earn now, next payment 05:00 UTC−0.0248%/8h= −27.2% APRpaid last 24h −0.081%
Price spread now: HTX against Coinbase International−0.060%7-day average +0.059% · you buy dearer than you sell
Net, funding: paid 7d − costs−$86as in the Funding arb table
Net, price: spread back to 7d avg − costs−$61as in the Price arb table
costs, in and out, $10k−$490.489% of the position
Funding, last 7 days−0.368%−$37 on $10k
+Price spread, last 4 days (all we have)+0.090%+$9 · spread now −0.060%, 7d avg +0.059%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and HTX is 0.119% cheaper against Coinbase International than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.059%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International PAXG-PERP-INTX | 4,347.5 | 0.0248 | pay 0.0031% / 1h | 51m 06s | $956K | $1.1M | 50x |
| Short | HTX PAXG-USDT | 4,344.9 | 0 | get 0.0000% / 4h | 2h 51m | $905K | $691K | 75x |
Coinbase International PAXG-PERP-INTX
HTX PAXG-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX against Coinbase International. 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
- −$52.08
- Price spread: −0.060% → +0.059%
- −$11.94
- Slippage, 4 orders
- −$26.88
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$112.9
- Costs to cover
- 0.489%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 2 min ago; HTX: live order book, 63 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 Coinbase International live order book, 2 min ago | 1.68 bp | 6.7 bp −$7 | 8.4 bp −$84 | doesn't fit | doesn't fit |
| Sell HTX live order book, 63 min ago | 0.74 bp | 21.8 bp −$22 | 25.4 bp −$254 | 28.7 bp −$2,869 | 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 | −0.0200% | 1h | 4,343.5 | −0.092% | $46K | $158K | 20x | as long as short |
| Kraken Futures PF_PAXGUSD | −0.0101% | 1h | 4,344.4 | −0.072% | $1.3M | $1.5M | 20x | as long as short |
| Lighter PAXG | −0.0080% | 1h | 4,342.1 | −0.125% | $1.4M | $365K | 25x | as long as short |
| ApeX Omni PAXGUSDT | −0.0021% | 1h | 4,338.3 | −0.212% | $262K | $784K | 50x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,341.9 | −0.131% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,345.2 | −0.054% | $15.6M | $3.3M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,340.4 | −0.164% | $2K | $3.5M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,347.3 | −0.005% | $7.9M | $843K | 50x | as long as short |
| HTX PAXG-USDTshort | 0.0000% | 4h | 4,344.9 | −0.060% | $905K | $691K | 75x | |
| GRVT PAXG_USDT_Perp | +0.0008% | 4h | 4,340.6 | −0.159% | $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 | −0.006% | $1K | $151K | 30x | as long as short |
| MEXC PAXG_USDT | +0.0036% | 4h | 4,344.6 | −0.068% | $16.2M | $1.0M | 100x | as long as short |
| Binance PAXGUSDT | +0.0037% | 4h | 4,343.5 | −0.094% | $80.2M | $70.4M | 75x | as long as short |
| Extended PAXG-USD | +0.0040% | 1h | 4,342.2 | −0.122% | $379K | $1.4M | 25x | as long as short |
| Aster PAXGUSDT | +0.0076% | 4h | 4,343.4 | −0.095% | $906K | $26K | 50x | as long as short |
| Hyperliquid PAXG | +0.0092% | 1h | 4,343.5 | −0.093% | $20.8M | $2.3M | 10x | as long as short |
| Paradex PAXG-USD-PERP | +0.0099% | 8h | 4,343.3 | −0.098% | $81K | $3.4M | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,342.9 | −0.107% | $557 | — | 10x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,344.7 | −0.066% | $1.0M | $343K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,344.4 | −0.073% | $14.9M | $3.8M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,346.3 | −0.029% | $28.6M | $5.3M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,343.6 | −0.091% | $9.8M | $15.3M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,343.6 | −0.090% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,343.9 | −0.085% | $1.3M | $793K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,340.8 | −0.155% | $12.3M | $222K | — | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,339 | −0.196% | $1.5M | $39K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,343 | −0.104% | $21K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTXlong | +0.0248% | 1h | 4,347.5 | long leg | $956K | $1.1M | 50x | |
| 01 Exchange PAXGUSD | +0.0768% | 1h | 4,354.1 | +0.151% | $29K | $24K | 10x | as long as short |
Injective PAXG/USDC PERP
MEXC PAXG_USDT
Binance PAXGUSDT
Extended PAXG-USD
Aster PAXGUSDT
Hyperliquid PAXG
Paradex PAXG-USD-PERP
Orderly PERP_PAXG_USDC_mythos
Pacifica PAXG
Bybit PAXGUSDT
KuCoin PAXGUSDTM
Bitget PAXGUSDT
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
Phemex PAXGUSDT
Reya PAXGRUSDPERP
01 Exchange PAXGUSD