Funding you earn now, next payment 09:00 UTC+0.0092%/8h= +10.1% APRpaid last 24h +0.004%
Price spread now: Bybit against Extended+0.007%7-day average +0.071% · you sell dearer than you buy
Net, funding: paid 7d − costs−$15as in the Funding arb table
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$200.202% of the position
Funding, last 7 days+0.056%+$6 on $10k
+Price spread, last 7 days+0.076%+$8 · spread now +0.007%, 7d avg +0.071%
=Together, before fees+0.132%+ Points / potential airdropExtended: Active · farm board+$13 on $10k · with fees, hour by hour
Funding pays, the price is against you. Bybit is 0.064% cheaper against Extended than usual: you would sell low and buy high (spread +0.007% now, against its 7-day average of +0.071%). If the spread goes back, that is −$6 on $10k: about 2.3 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.056% in total) that is about 8.1 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended PAXG-USD | 4,305.1 | 0.0008 | pay 0.0001% / 1h | 22m 42s | $373K | $1.5M | 25x |
| Short | Bybit PAXGUSDT | 4,305.4 | 0.0100 | get 0.0050% / 4h | 3h 22m | $14.8M | $4.4M | 75x |
Extended PAXG-USD
Bybit PAXGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Extended. 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
- $19.32
- Price spread: +0.007% → +0.071%
- −$6.41
- Slippage, 4 orders
- −$4.21
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$7.3
- Costs to cover
- 0.202%
- Break-even
- 9.6 days
Slippage from Extended: live order book, 1 min ago; Bybit: live order book, 6 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 Extended live order book, 1 min ago | 0.12 bp | 2.7 bp −$3 | 4.1 bp −$41 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 6 min ago | 0.12 bp | 7.4 bp −$7 | 11.3 bp −$113 | 24.7 bp −$2,472 | 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 | 4,303.2 | −0.045% | $1.4M | $626K | 25x | as long as short |
| Hibachi PAXG/USDT-P | −0.0176% | 1h | 4,300 | −0.117% | $40K | $184K | 20x | as long as short |
| GRVT PAXG_USDT_Perp | −0.0154% | 4h | 4,295.1 | −0.233% | $1.5M | $1.9M | 10x | as long as short |
| Kraken Futures PF_PAXGUSD | −0.0097% | 1h | 4,302.6 | −0.059% | $1.2M | $2.0M | 20x | as long as short |
| dYdX PAXG-USD | −0.0023% | 1h | 4,301.5 | −0.084% | $100K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,305.8 | +0.016% | $15.6M | $4.0M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,296.7 | −0.195% | $2K | $3.2M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,305.4 | +0.008% | $7.9M | $613K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,303.5 | −0.036% | $904K | $833K | 75x | as long as short |
| Binance PAXGUSDT | +0.0006% | 4h | 4,306 | +0.021% | $80.1M | $81.0M | 75x | as long as short |
Lighter PAXG
Hibachi PAXG/USDT-P
GRVT PAXG_USDT_Perp
Kraken Futures PF_PAXGUSD
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Binance PAXGUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC PAXG_USDT | +0.0006% | 4h | 4,312.1 | +0.163% | $16.7M | $1.2M | 100x | as long as short |
| Extended PAXG-USDlong | +0.0008% | 1h | 4,305.1 | long leg | $373K | $1.5M | 25x | |
| Bitget PAXGUSDT | +0.0016% | 4h | 4,305.1 | −0.001% | $9.5M | $16.1M | 50x | as long as short |
| Aster PAXGUSDT | +0.0022% | 4h | 4,305.3 | +0.005% | $901K | $37K | 50x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.980% | $1K | $151K | 30x | as long as short |
| ApeX Omni PAXGUSDT | +0.0036% | 1h | 4,296.7 | −0.195% | $260K | $772K | 50x | as long as short |
| Hyperliquid PAXG | +0.0083% | 1h | 4,303.7 | −0.032% | $21.1M | $2.7M | 10x | as long as short |
| Paradex PAXG-USD-PERP | +0.0085% | 8h | 4,304.6 | −0.011% | $81K | $4.4M | 50x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,306 | +0.021% | $1.0M | $303K | 10x | as long as short |
| Bybit PAXGUSDTshort | +0.0100% | 4h | 4,305.4 | +0.007% | $14.8M | $4.4M | 75x | |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,306.7 | +0.037% | $28.7M | $5.4M | 30x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,305.6 | +0.013% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,302.5 | −0.061% | $1.2M | $862K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,292.5 | −0.292% | $12.2M | $231K | — | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,300.2 | −0.114% | $552 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,300 | −0.118% | $1.5M | $78K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,299.9 | −0.120% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0232% | 1h | 4,303.9 | −0.028% | $931K | $1.0M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0856% | 1h | 4,311.2 | +0.142% | $29K | $23K | 10x | as long as short |
MEXC PAXG_USDT
Bitget PAXGUSDT
Aster PAXGUSDT
Injective PAXG/USDC PERP
ApeX Omni PAXGUSDT
Hyperliquid PAXG
Paradex PAXG-USD-PERP
Pacifica PAXG
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