Funding you earn now, next payment 09:00 UTC+0.0274%/8h= +30.0% APRpaid last 24h +0.034%
Price spread now: Binance against dYdX+0.025%7-day average −0.019% · you sell dearer than you buy
Net, funding: paid 7d − costs−$23as in the Funding arb table
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$420.423% of the position
Funding, last 7 days+0.193%+$19 on $10k
+Price spread, last 4 days (all we have)−0.026%−$3 · spread now +0.025%, 7d avg −0.019%
=Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Binance is 0.045% dearer against dYdX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.019%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | dYdX PAXG-USD | 4,318 | −0.0269 | get 0.0034% / 1h | 11m 29s | $114K | $14K | 5x |
| Short | Binance PAXGUSDT | 4,319.1 | 0.0006 | get 0.0003% / 4h | 3h 11m | $80.4M | $81.2M | 75x |
dYdX PAXG-USD
Binance PAXGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against dYdX. 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
- $57.62
- Price spread: +0.025% → −0.019%
- $4.46
- Slippage, 4 orders
- −$22.34
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $19.74
- Costs to cover
- 0.423%
- Break-even
- 4.6 days
Slippage from dYdX: live order book, 22 min ago; Binance: live order book, 16 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 dYdX live order book, 22 min ago | 10.47 bp | 16.8 bp −$17 | 45.3 bp −$453 | 178.2 bp −$17.8K | 855.2 bp −$427.6K |
| Sell Binance live order book, 16 min ago | 0.01 bp | 5.0 bp −$5 | 5.4 bp −$54 | 9.8 bp −$978 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX PAXG-USDlong | −0.0269% | 1h | 4,318 | long leg | $114K | $14K | 5x | |
| Lighter PAXG | −0.0168% | 1h | 4,318.2 | +0.003% | $1.4M | $631K | 25x | as long as short |
| GRVT PAXG_USDT_Perp | −0.0134% | 4h | 4,318.4 | +0.008% | $1.5M | $1.9M | 10x | as long as short |
| Hibachi PAXG/USDT-P | −0.0112% | 1h | 4,319.8 | +0.041% | $47K | $190K | 20x | as long as short |
| Kraken Futures PF_PAXGUSD | −0.0097% | 1h | 4,320.1 | +0.048% | $1.2M | $2.0M | 20x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,321 | +0.069% | $15.7M | $4.0M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,313.8 | −0.097% | $2K | $3.1M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,323.5 | +0.127% | $7.9M | $438K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,322.5 | +0.104% | $907K | $839K | 75x | as long as short |
| MEXC PAXG_USDT | +0.0004% | 4h | 4,325.7 | +0.176% | $16.8M | $1.2M | 100x | as long as short |
Lighter PAXG
GRVT PAXG_USDT_Perp
Hibachi PAXG/USDT-P
Kraken Futures PF_PAXGUSD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
MEXC PAXG_USDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance PAXGUSDTshort | +0.0006% | 4h | 4,319.1 | +0.025% | $80.4M | $81.2M | 75x | |
| Extended PAXG-USD | +0.0008% | 1h | 4,318.2 | +0.003% | $375K | $1.5M | 25x | as long as short |
| Bitget PAXGUSDT | +0.0008% | 4h | 4,318.4 | +0.009% | $9.3M | $16.1M | 50x | as long as short |
| ApeX Omni PAXGUSDT | +0.0016% | 1h | 4,314.8 | −0.075% | $261K | $785K | 50x | as long as short |
| Aster PAXGUSDT | +0.0022% | 4h | 4,319.2 | +0.026% | $904K | $37K | 50x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.678% | $1K | $151K | 30x | as long as short |
| Hyperliquid PAXG | +0.0062% | 1h | 4,318.9 | +0.020% | $21.2M | $2.7M | 10x | as long as short |
| Paradex PAXG-USD-PERP | +0.0083% | 8h | 4,318.7 | +0.015% | $81K | $4.4M | 50x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,321.1 | +0.071% | $1.0M | $305K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,319.6 | +0.036% | $15.0M | $4.5M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,321.4 | +0.079% | $28.8M | $5.4M | 30x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,320.5 | +0.057% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,320.2 | +0.050% | $1.2M | $851K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,320 | +0.046% | $12.3M | $231K | — | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,318 | −0.001% | $554 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,319 | +0.022% | $1.5M | $79K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,316.9 | −0.026% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0232% | 1h | 4,325.7 | +0.177% | $934K | $1.0M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0872% | 1h | 4,382 | +1.481% | $29K | $23K | 10x | as long as short |
Extended PAXG-USD
Bitget PAXGUSDT
ApeX Omni PAXGUSDT
Aster PAXGUSDT
Injective PAXG/USDC PERP
Hyperliquid PAXG
Paradex PAXG-USD-PERP
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