Funding you earn now, next payment 05:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%
Price spread now: Backpack against Gate−0.046%7-day average −0.045% · 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−$31as in the Price arb table
costs, in and out, $10k−$310.309% of the position
Funding, last 7 days+0.169%+$17 on $10k
+Price spread, last 7 days−0.006%−$1 · spread now −0.046%, 7d avg −0.045%
=The price spread sits at its 7-day average of −0.045%, 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 | Gate PAXG_USDT | 4,337 | 0 | get 0.0000% / 8h | 3h 33m | $15.6M | $3.4M | 100x |
| Short | Backpack PAXG_USDC_PERP | 4,335 | 0.0100 | get 0.0013% / 1h | 33m 15s | $1.3M | $800K | 50x |
Gate PAXG_USDT
Backpack PAXG_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Gate. 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: −0.046% → −0.045%
- −$0.13
- Slippage, 4 orders
- −$5.87
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$10
- Costs to cover
- 0.309%
- Break-even
- 10.3 days
Slippage from Gate: live order book, 5 min ago; Backpack: 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 Gate live order book, 5 min ago | 0.46 bp | 9.0 bp −$9 | 11.8 bp −$118 | 24.3 bp −$2,430 | 60.0 bp −$30.0K |
| Sell Backpack live order book, 1 min ago | 0.01 bp | 5.4 bp −$5 | 7.6 bp −$76 | 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 | −0.0168% | 1h | 4,333.2 | −0.087% | $1.4M | $368K | 25x | as long as short |
| Hibachi PAXG/USDT-P | −0.0168% | 1h | 4,335.2 | −0.041% | $42K | $154K | 20x | as long as short |
| GRVT PAXG_USDT_Perp | −0.0112% | 4h | 4,334.8 | −0.050% | $1.5M | $1.9M | 10x | as long as short |
| ApeX Omni PAXGUSDT | −0.0088% | 1h | 4,335.8 | −0.027% | $262K | $786K | 50x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,334.8 | −0.051% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDTlong | 0.0000% | 8h | 4,337 | long leg | $15.6M | $3.4M | 100x | |
| SunX PAXG-USDT | 0.0000% | 4h | 4,329.5 | −0.173% | $2K | $3.6M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,338 | +0.023% | $7.9M | $868K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,342.6 | +0.128% | $903K | $688K | 75x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.237% | $1K | $151K | 30x | as long as short |
Lighter PAXG
Hibachi PAXG/USDT-P
GRVT PAXG_USDT_Perp
ApeX Omni PAXGUSDT
dYdX PAXG-USD
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Injective PAXG/USDC PERPShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance PAXGUSDT | +0.0045% | 4h | 4,334.6 | −0.056% | $79.9M | $70.9M | 75x | as long as short |
| MEXC PAXG_USDT | +0.0046% | 4h | 4,337.5 | +0.011% | $16.1M | $1.0M | 100x | as long as short |
| Extended PAXG-USD | +0.0048% | 1h | 4,333.3 | −0.086% | $378K | $1.4M | 25x | as long as short |
| Kraken Futures PF_PAXGUSD | +0.0065% | 1h | 4,335.2 | −0.042% | $1.3M | $1.4M | 20x | as long as short |
| Paradex PAXG-USD-PERP | +0.0100% | 8h | 4,334.7 | −0.054% | $81K | $3.6M | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,334.6 | −0.055% | $556 | — | 10x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,334.7 | −0.053% | $20.7M | $2.3M | 10x | as long as short |
| Aster PAXGUSDT | +0.0100% | 4h | 4,334.3 | −0.062% | $904K | $27K | 50x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,336.6 | −0.009% | $1.0M | $342K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,335.5 | −0.035% | $14.9M | $3.8M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,337.3 | +0.007% | $28.6M | $5.3M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,335.1 | −0.045% | $9.7M | $15.2M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,335.9 | −0.025% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERPshort | +0.0100% | 1h | 4,335 | −0.046% | $1.3M | $800K | 50x | |
| Variational Omni PAXG | +0.0100% | 4h | 4,336.3 | −0.016% | $12.3M | $227K | — | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,334 | −0.069% | $1.5M | $38K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,334.4 | −0.060% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0296% | 1h | 4,339.5 | +0.058% | $987K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0976% | 1h | 4,345.5 | +0.196% | $29K | $24K | 10x | as long as short |
Binance PAXGUSDT
MEXC PAXG_USDT
Extended PAXG-USD
Kraken Futures PF_PAXGUSD
Paradex PAXG-USD-PERP
Orderly PERP_PAXG_USDC_mythos
Hyperliquid PAXG
Aster PAXGUSDT
Pacifica PAXG
Bybit PAXGUSDT
KuCoin PAXGUSDTM
Bitget PAXGUSDT
BingX PAXG-USDT
Variational Omni PAXG
Phemex PAXGUSDT
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD