Funding you earn now, next payment 09:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.038%
Price spread now: Phemex against dYdX−0.100%7-day average −0.056% · you buy dearer than you sell
Net, funding: paid 7d − costs−$216as in the Funding arb table
Net, price: spread back to 7d avg − costs−$245as in the Price arb table
costs, in and out, $10k−$2412.410% of the position
Funding, last 7 days+0.255%+$25 on $10k
+Price spread, last 4 days (all we have)+0.155%+$16 · spread now −0.100%, 7d avg −0.056%
=Funding pays, the price is against you. Phemex is 0.045% cheaper against dYdX than usual: you would sell low and buy high (spread −0.100% now, against its 7-day average of −0.056%). If the spread goes back, that is −$4 on $10k: about 36 hours of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | dYdX PAXG-USD | 4,310.3 | 0 | get 0.0000% / 1h | 47m 35s | $101K | $12K | 5x |
| Short | Phemex PAXGUSDT | 4,306 | 0.0100 | get 0.0050% / 4h | 3h 47m | $1.5M | $66K | 50x |
dYdX PAXG-USD
Phemex PAXGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- $21
- Price spread: −0.100% → −0.056%
- −$4.47
- Slippage, 4 orders
- −$219.03
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$224.5
- Costs to cover
- 2.410%
- Break-even
- 81.8 days
Slippage from dYdX: live order book, 51 min ago; Phemex: live order book, 5 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, 51 min ago | 89.55 bp | 94.6 bp −$95 | 94.6 bp −$946 | 96.4 bp −$9,644 | 638.6 bp −$319.3K |
| Sell Phemex live order book, 5 min ago | 5.81 bp | 26.1 bp −$26 | 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 | −0.0208% | 1h | 4,307.5 | −0.066% | $1.4M | $608K | 25x | as long as short |
| GRVT PAXG_USDT_Perp | −0.0190% | 4h | 4,306.8 | −0.082% | $1.5M | $1.9M | 10x | as long as short |
| Hibachi PAXG/USDT-P | −0.0168% | 1h | 4,309.9 | −0.009% | $42K | $172K | 20x | as long as short |
| Kraken Futures PF_PAXGUSD | −0.0097% | 1h | 4,310.5 | +0.004% | $1.2M | $1.7M | 20x | as long as short |
| dYdX PAXG-USDlong | 0.0000% | 1h | 4,310.3 | long leg | $101K | $12K | 5x | |
| Gate PAXG_USDT | 0.0000% | 8h | 4,311.8 | +0.034% | $15.6M | $3.8M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,305.5 | −0.111% | $2K | $3.2M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,313.4 | +0.072% | $7.9M | $599K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,313.5 | +0.073% | $904K | $809K | 75x | as long as short |
| MEXC PAXG_USDT | +0.0020% | 4h | 4,315.6 | +0.123% | $16.6M | $1.1M | 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 PAXGUSDT | +0.0021% | 4h | 4,309.4 | −0.022% | $80.2M | $79.6M | 75x | as long as short |
| Extended PAXG-USD | +0.0024% | 1h | 4,308.2 | −0.049% | $377K | $1.6M | 25x | as long as short |
| Aster PAXGUSDT | +0.0030% | 4h | 4,309.3 | −0.023% | $900K | $32K | 50x | as long as short |
| Bitget PAXGUSDT | +0.0032% | 4h | 4,309.7 | −0.015% | $9.4M | $16.0M | 50x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.858% | $1K | $151K | 30x | as long as short |
| Paradex PAXG-USD-PERP | +0.0096% | 8h | 4,309.3 | −0.023% | $85K | $4.1M | 50x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,309.6 | −0.017% | $21.0M | $2.5M | 10x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,310.7 | +0.010% | $1.0M | $304K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,309.8 | −0.012% | $14.8M | $4.3M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,311.2 | +0.021% | $28.7M | $5.4M | 30x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,310.7 | +0.009% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,309.3 | −0.023% | $1.2M | $857K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,310.3 | 0.000% | $12.2M | $230K | — | as long as short |
| ApeX Omni PAXGUSDT | +0.0100% | 1h | 4,306.4 | −0.092% | $261K | $770K | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,310 | −0.007% | $553 | — | 10x | as long as short |
| Phemex PAXGUSDTshort | +0.0100% | 4h | 4,306 | −0.100% | $1.5M | $66K | 50x | |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,308.9 | −0.032% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0232% | 1h | 4,309.1 | −0.028% | $937K | $1.0M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0816% | 1h | 4,320.1 | +0.227% | $29K | $23K | 10x | as long as short |
Binance PAXGUSDT
Extended PAXG-USD
Aster PAXGUSDT
Bitget PAXGUSDT
Injective PAXG/USDC PERP
Paradex PAXG-USD-PERP
Hyperliquid PAXG
Pacifica PAXG
Bybit PAXGUSDT
KuCoin PAXGUSDTM
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
ApeX Omni PAXGUSDT
Orderly PERP_PAXG_USDC_mythos
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD