Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Gate against Deribit−0.069%7-day average +0.003% · you buy dearer than you sell
Net, funding: paid 7d − costs−$33as in the Funding arb table
Net, price: spread back to 7d avg − costs−$45as in the Price arb table
costs, in and out, $10k−$370.374% of the position
Funding, last 7 days+0.041%+$4 on $10k
+Price spread, last 4 days (all we have)+0.058%+$6 · spread now −0.069%, 7d avg +0.003%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.072% cheaper against Deribit than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.003%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit PAXG_USDC-PERPETUAL | 4,305.5 | 0 | get 0.0000% / 1h | 1m 23s | $7.9M | $599K | 50x |
| Short | Gate PAXG_USDT | 4,302.5 | 0 | get 0.0000% / 8h | 1m 23s | $15.5M | $3.9M | 100x |
Deribit PAXG_USDC-PERPETUAL
Gate PAXG_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Deribit. 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: −0.069% → +0.003%
- −$7.19
- Slippage, 4 orders
- −$15.41
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$44.59
- Costs to cover
- 0.374%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 3 min ago; Gate: 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 Deribit live order book, 3 min ago | 3.26 bp | 10.8 bp −$11 | 16.4 bp −$164 | doesn't fit | doesn't fit |
| Sell Gate live order book, 2 min ago | 0.58 bp | 10.0 bp −$10 | 13.7 bp −$137 | 27.0 bp −$2,700 | 59.1 bp −$29.5K |
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 | 4,298.9 | −0.152% | $1.4M | $608K | 25x | as long as short |
| Hibachi PAXG/USDT-P | −0.0152% | 1h | 4,301.5 | −0.092% | $42K | $172K | 20x | as long as short |
| GRVT PAXG_USDT_Perp | −0.0126% | 4h | 4,303.3 | −0.051% | $1.5M | $1.9M | 10x | as long as short |
| Kraken Futures PF_PAXGUSD | −0.0055% | 1h | 4,301 | −0.103% | $1.2M | $1.7M | 20x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,302.5 | −0.069% | $100K | $12K | 5x | as long as short |
| Gate PAXG_USDTshort | 0.0000% | 8h | 4,302.5 | −0.069% | $15.5M | $3.9M | 100x | |
| SunX PAXG-USDT | 0.0000% | 4h | 4,296.5 | −0.208% | $2K | $3.2M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUALlong | 0.0000% | 1h | 4,305.5 | long leg | $7.9M | $599K | 50x | |
| HTX PAXG-USDT | 0.0000% | 4h | 4,308 | +0.059% | $903K | $802K | 75x | as long as short |
| MEXC PAXG_USDT | +0.0022% | 4h | 4,307.7 | +0.051% | $16.6M | $1.2M | 100x | as long as short |
Lighter PAXG
Hibachi PAXG/USDT-P
GRVT PAXG_USDT_Perp
Kraken Futures PF_PAXGUSD
dYdX PAXG-USD
SunX PAXG-USDT
HTX PAXG-USDT
MEXC PAXG_USDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance PAXGUSDT | +0.0023% | 4h | 4,301.5 | −0.092% | $80.0M | $78.4M | 75x | as long as short |
| Extended PAXG-USD | +0.0024% | 1h | 4,300.1 | −0.124% | $377K | $1.6M | 25x | as long as short |
| ApeX Omni PAXGUSDT | +0.0026% | 1h | 4,303.2 | −0.053% | $261K | $772K | 50x | as long as short |
| Aster PAXGUSDT | +0.0029% | 4h | 4,301.6 | −0.091% | $897K | $29K | 50x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.971% | $1K | $151K | 30x | as long as short |
| Bitget PAXGUSDT | +0.0036% | 4h | 4,301.2 | −0.100% | $9.5M | $16.0M | 50x | as long as short |
| Paradex PAXG-USD-PERP | +0.0097% | 8h | 4,301.5 | −0.093% | $85K | $4.1M | 50x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,301.5 | −0.092% | $20.7M | $2.4M | 10x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,302.4 | −0.071% | $1.0M | $302K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,302.3 | −0.074% | $14.9M | $4.0M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,303.4 | −0.048% | $28.5M | $5.4M | 30x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,301.9 | −0.082% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,301.5 | −0.093% | $1.2M | $844K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,303.7 | −0.042% | $12.2M | $219K | — | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,301.4 | −0.095% | $552 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,301 | −0.104% | $1.5M | $66K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,301.6 | −0.091% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0224% | 1h | 4,308 | +0.059% | $946K | $1.0M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0904% | 1h | 4,312.2 | +0.156% | $29K | $23K | 10x | as long as short |
Binance PAXGUSDT
Extended PAXG-USD
ApeX Omni PAXGUSDT
Aster PAXGUSDT
Injective PAXG/USDC PERP
Bitget PAXGUSDT
Paradex PAXG-USD-PERP
Hyperliquid PAXG
Pacifica PAXG
Bybit PAXGUSDT
KuCoin PAXGUSDTM
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
Orderly PERP_PAXG_USDC_mythos
Phemex PAXGUSDT
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD