Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%
Price spread now: Phemex against Deribit−0.092%7-day average −0.108% · you buy dearer than you sell
Net, funding: paid 7d − costs−$47as in the Funding arb table
Net, price: spread back to 7d avg − costs−$67as in the Price arb table
costs, in and out, $10k−$680.683% of the position
Funding, last 7 days+0.210%+$21 on $10k
+Price spread, last 4 days (all we have)−0.014%−$1 · spread now −0.092%, 7d avg −0.108%
=The price spread sits at its 7-day average of −0.108%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit PAXG_USDC-PERPETUAL | 4,327 | 0 | get 0.0000% / 1h | 39m 34s | $7.9M | $659K | 50x |
| Short | Phemex PAXGUSDT | 4,323 | 0.0100 | get 0.0050% / 4h | 39m 34s | $1.5M | $52K | 50x |
Deribit PAXG_USDC-PERPETUAL
Phemex PAXGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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: −0.092% → −0.108%
- $1.59
- Slippage, 4 orders
- −$49.31
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$45.72
- Costs to cover
- 0.683%
- Break-even
- 22.2 days
Slippage from Deribit: live order book, 5 min ago; Phemex: 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 Deribit live order book, 5 min ago | 3.39 bp | 10.9 bp −$11 | 16.7 bp −$167 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 3 min ago | 5.79 bp | 25.3 bp −$25 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter PAXG | −0.0176% | 1h | 4,319.9 | −0.163% | $1.4M | $482K | 25x | as long as short |
| GRVT PAXG_USDT_Perp | −0.0104% | 4h | 4,323.3 | −0.085% | $1.5M | $2.0M | 10x | as long as short |
| Hibachi PAXG/USDT-P | −0.0088% | 1h | 4,321.5 | −0.127% | $41K | $168K | 20x | as long as short |
| Kraken Futures PF_PAXGUSD | −0.0055% | 1h | 4,323.7 | −0.075% | $1.2M | $1.9M | 20x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,321.4 | −0.128% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,323.4 | −0.083% | $15.6M | $3.6M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,320.1 | −0.160% | $2K | $3.2M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUALlong | 0.0000% | 1h | 4,327 | long leg | $7.9M | $659K | 50x | |
| HTX PAXG-USDT | 0.0000% | 4h | 4,325.6 | −0.031% | $903K | $783K | 75x | as long as short |
| Extended PAXG-USD | +0.0008% | 1h | 4,321.2 | −0.134% | $376K | $1.6M | 25x | as long as short |
Lighter PAXG
GRVT PAXG_USDT_Perp
Hibachi PAXG/USDT-P
Kraken Futures PF_PAXGUSD
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
HTX PAXG-USDT
Extended PAXG-USDShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC PAXG_USDT | +0.0010% | 4h | 4,328.2 | +0.027% | $16.7M | $1.0M | 100x | as long as short |
| Binance PAXGUSDT | +0.0012% | 4h | 4,321 | −0.137% | $79.7M | $74.0M | 75x | as long as short |
| Aster PAXGUSDT | +0.0021% | 4h | 4,321.9 | −0.118% | $902K | $29K | 50x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.470% | $1K | $151K | 30x | as long as short |
| Bitget PAXGUSDT | +0.0078% | 4h | 4,322 | −0.116% | $9.4M | $15.9M | 50x | as long as short |
| ApeX Omni PAXGUSDT | +0.0081% | 1h | 4,322.3 | −0.108% | $262K | $775K | 50x | as long as short |
| Paradex PAXG-USD-PERP | +0.0098% | 8h | 4,320.7 | −0.145% | $85K | $3.4M | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,321.8 | −0.120% | $555 | — | 10x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,322.6 | −0.102% | $20.8M | $2.4M | 10x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,323.7 | −0.076% | $1.0M | $303K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,322.2 | −0.110% | $14.9M | $4.0M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,324.9 | −0.049% | $28.7M | $5.3M | 30x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,322.6 | −0.101% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,323.6 | −0.079% | $1.3M | $818K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,322.2 | −0.110% | $12.3M | $223K | — | as long as short |
| Phemex PAXGUSDTshort | +0.0100% | 4h | 4,323 | −0.092% | $1.5M | $52K | 50x | |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,322.6 | −0.102% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0224% | 1h | 4,322.2 | −0.111% | $949K | $1.0M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0896% | 1h | 4,333.1 | +0.142% | $29K | $23K | 10x | as long as short |
MEXC PAXG_USDT
Binance PAXGUSDT
Aster PAXGUSDT
Injective PAXG/USDC PERP
Bitget PAXGUSDT
ApeX Omni PAXGUSDT
Paradex PAXG-USD-PERP
Orderly PERP_PAXG_USDC_mythos
Hyperliquid PAXG
Pacifica PAXG
Bybit PAXGUSDT
KuCoin PAXGUSDTM
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD