Funding you earn now, next payment 23:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.021%
Price spread now: MEXC against Deribit−0.152%7-day average +0.079% · you buy dearer than you sell
Net, funding: paid 7d − costs−$14as in the Funding arb table
Net, price: spread back to 7d avg − costs−$52as in the Price arb table
costs, in and out, $10k−$290.291% of the position
Funding, last 7 days+0.152%+$15 on $10k
+Price spread, last 3 days (all we have)+0.163%+$16 · spread now −0.152%, 7d avg +0.079%
=Funding pays, the price is against you. MEXC is 0.231% cheaper against Deribit than usual: you would sell low and buy high (spread −0.152% now, against its 7-day average of +0.079%). If the spread goes back, that is −$23 on $10k: about 7.7 days of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit PAXG_USDC-PERPETUAL | 4,351.6 | 0 | get 0.0000% / 1h | 27m 31s | $7.9M | $865K | 50x |
| Short | MEXC PAXG_USDT | 4,345.1 | 0.0100 | get 0.0050% / 4h | 1h 27m | $16.0M | $1.2M | 100x |
Deribit PAXG_USDC-PERPETUAL
MEXC PAXG_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $21
- Price spread: −0.152% → +0.079%
- −$23.06
- Slippage, 4 orders
- −$18.06
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$31.13
- Costs to cover
- 0.291%
- Break-even
- 17.4 days
Slippage from Deribit: live order book, 2 min ago; MEXC: live order book, 1 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, 2 min ago | 1.78 bp | 7.6 bp −$8 | 14.3 bp −$143 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 1 min ago | 0.01 bp | 2.4 bp −$2 | 5.7 bp −$57 | 35.7 bp −$3,573 | 118.5 bp −$59.3K |
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 | 4,347.3 | −0.101% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,349.6 | −0.047% | $15.8M | $3.6M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,342.1 | −0.220% | $2K | $4.0M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUALlong | 0.0000% | 1h | 4,351.6 | long leg | $7.9M | $865K | 50x | |
| HTX PAXG-USDT | 0.0000% | 4h | 4,350.4 | −0.029% | $909K | $652K | 75x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,337 | −0.337% | $1K | $121K | 30x | as long as short |
| Hibachi PAXG/USDT-P | +0.0072% | 1h | 4,348 | −0.084% | $47K | $139K | 20x | as long as short |
| Kraken Futures PF_PAXGUSD | +0.0080% | 1h | 4,349.2 | −0.057% | $1.3M | $1.4M | 20x | as long as short |
| Lighter PAXG | +0.0096% | 1h | 4,346.6 | −0.116% | $1.4M | $273K | 25x | as long as short |
| Paradex PAXG-USD-PERP | +0.0100% | 8h | 4,347.2 | −0.102% | $80K | $3.7M | 50x | as long as short |
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
HTX PAXG-USDT
Injective PAXG/USDC PERP
Hibachi PAXG/USDT-P
Kraken Futures PF_PAXGUSD
Lighter PAXG
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 | 4,347.9 | −0.086% | $20.3M | $1.9M | 10x | as long as short |
| Aster PAXGUSDT | +0.0100% | 4h | 4,348 | −0.083% | $907K | $27K | 50x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,348.6 | −0.070% | $1.0M | $348K | 10x | as long as short |
| Binance PAXGUSDT | +0.0100% | 4h | 4,347.7 | −0.091% | $80.1M | $67.3M | 75x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,348.4 | −0.076% | $15.2M | $3.5M | 75x | as long as short |
| MEXC PAXG_USDTshort | +0.0100% | 4h | 4,345.1 | −0.152% | $16.0M | $1.2M | 100x | |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,349.6 | −0.047% | $26.8M | $5.2M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,347.4 | −0.098% | $9.3M | $13.3M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,347.5 | −0.095% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,348.3 | −0.077% | $1.4M | $954K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,346.3 | −0.123% | $12.5M | $114K | — | as long as short |
| GRVT PAXG_USDT_Perp | +0.0100% | 4h | 4,348.1 | −0.082% | $1.5M | $2.0M | 10x | as long as short |
| ApeX Omni PAXGUSDT | +0.0100% | 1h | 4,347.4 | −0.098% | $263K | $797K | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,347 | −0.107% | $558 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,345 | −0.153% | $1.5M | $38K | 50x | as long as short |
| Extended PAXG-USD | +0.0104% | 1h | 4,346.9 | −0.109% | $378K | $1.2M | 25x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,347.3 | −0.100% | $21K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0320% | 1h | 4,351.8 | +0.004% | $975K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.1440% | 1h | 4,364.6 | +0.298% | $29K | $21K | 10x | as long as short |
Hyperliquid PAXG
Aster PAXGUSDT
Pacifica PAXG
Binance PAXGUSDT
Bybit PAXGUSDT
KuCoin PAXGUSDTM
Bitget PAXGUSDT
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
GRVT PAXG_USDT_Perp
ApeX Omni PAXGUSDT
Orderly PERP_PAXG_USDC_mythos
Phemex PAXGUSDT
Extended PAXG-USD
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD