Funding you earn now, next payment 00:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.021%
Price spread now: Binance against Gate−0.055%7-day average −0.077% · you buy dearer than you sell
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$310.312% of the position
Funding, last 7 days+0.112%+$11 on $10k
+Price spread, last 7 days−0.006%−$1 · spread now −0.055%, 7d avg −0.077%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Binance is 0.023% dearer against Gate than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.077%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate PAXG_USDT | 4,340.2 | 0 | get 0.0000% / 8h | 2h 46m | $15.7M | $4.2M | 100x |
| Short | Binance PAXGUSDT | 4,337.8 | 0.0100 | get 0.0050% / 4h | 2h 46m | $79.9M | $70.1M | 75x |
Gate PAXG_USDT
Binance PAXGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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: −0.055% → −0.077%
- $2.26
- Slippage, 4 orders
- −$6.17
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$7.91
- Costs to cover
- 0.312%
- Break-even
- 9.6 days
Slippage from Gate: live order book, 2 min ago; Binance: live order book, 11 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, 2 min ago | 0.92 bp | 10.1 bp −$10 | 15.6 bp −$156 | 28.1 bp −$2,806 | 61.4 bp −$30.7K |
| Sell Binance live order book, 11 min ago | 0.01 bp | 5.0 bp −$5 | 5.2 bp −$52 | 12.1 bp −$1,214 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective PAXG/USDC PERP | −0.0101% | 1h | 4,337 | −0.074% | $1K | $121K | 30x | as long as short |
| Hibachi PAXG/USDT-P | −0.0024% | 1h | 4,338.8 | −0.033% | $41K | $156K | 20x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,339.9 | −0.007% | $101K | $18K | 5x | as long as short |
| Gate PAXG_USDTlong | 0.0000% | 8h | 4,340.2 | long leg | $15.7M | $4.2M | 100x | |
| SunX PAXG-USDT | 0.0000% | 4h | 4,335.2 | −0.116% | $2K | $4.1M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,342.5 | +0.053% | $7.9M | $837K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,342.2 | +0.046% | $906K | $660K | 75x | as long as short |
| Lighter PAXG | +0.0096% | 1h | 4,337 | −0.074% | $1.4M | $520K | 25x | as long as short |
| Paradex PAXG-USD-PERP | +0.0100% | 8h | 4,338.5 | −0.039% | $80K | $3.7M | 50x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,337.8 | −0.055% | $20.3M | $1.9M | 10x | as long as short |
Injective PAXG/USDC PERP
Hibachi PAXG/USDT-P
dYdX PAXG-USD
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Lighter PAXG
Paradex PAXG-USD-PERP
Hyperliquid PAXGShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster PAXGUSDT | +0.0100% | 4h | 4,338.5 | −0.038% | $906K | $76K | 50x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,339.4 | −0.019% | $1.0M | $354K | 10x | as long as short |
| Binance PAXGUSDTshort | +0.0100% | 4h | 4,337.8 | −0.055% | $79.9M | $70.1M | 75x | |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,338 | −0.050% | $14.8M | $3.7M | 75x | as long as short |
| MEXC PAXG_USDT | +0.0100% | 4h | 4,339.6 | −0.014% | $15.9M | $1.2M | 100x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,340 | −0.004% | $26.8M | $5.4M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,338.2 | −0.045% | $9.2M | $14.4M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,338.7 | −0.034% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,339.8 | −0.009% | $1.4M | $1.3M | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,339.1 | −0.026% | $12.4M | $114K | — | as long as short |
| GRVT PAXG_USDT_Perp | +0.0100% | 4h | 4,338.6 | −0.037% | $1.5M | $2.1M | 10x | as long as short |
| ApeX Omni PAXGUSDT | +0.0100% | 1h | 4,338.4 | −0.041% | $262K | $798K | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,338.4 | −0.041% | $557 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,336 | −0.097% | $1.5M | $38K | 50x | as long as short |
| Extended PAXG-USD | +0.0104% | 1h | 4,337.7 | −0.057% | $377K | $1.2M | 25x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,337.6 | −0.060% | $21K | — | 100x | as long as short |
| Kraken Futures PF_PAXGUSD | +0.0224% | 1h | 4,339.2 | −0.023% | $1.3M | $1.5M | 20x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0320% | 1h | 4,341.6 | +0.033% | $998K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.1416% | 1h | 4,355.5 | +0.353% | $29K | $21K | 10x | as long as short |
Aster PAXGUSDT
Pacifica PAXG
Bybit PAXGUSDT
MEXC PAXG_USDT
KuCoin PAXGUSDTM
Bitget PAXGUSDT
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
GRVT PAXG_USDT_Perp
ApeX Omni PAXGUSDT
Orderly PERP_PAXG_USDC_mythos
Phemex PAXGUSDT
Extended PAXG-USD
Reya PAXGRUSDPERP
Kraken Futures PF_PAXGUSD
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD