Funding you earn now, next payment 04:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%
Price spread now: Bybit against Gate−0.010%7-day average −0.057% · you buy dearer than you sell
Net, funding: paid 7d − costs−$19as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$360.359% of the position
Funding, last 7 days+0.169%+$17 on $10k
+Price spread, last 7 days−0.044%−$4 · spread now −0.010%, 7d avg −0.057%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Bybit is 0.048% dearer against Gate than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.057%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate PAXG_USDT | 4,344.6 | 0 | get 0.0000% / 8h | 6h 06m | $15.7M | $3.5M | 100x |
| Short | Bybit PAXGUSDT | 4,344.2 | 0.0100 | get 0.0050% / 4h | 2h 06m | $15.1M | $3.5M | 75x |
Gate PAXG_USDT
Bybit PAXGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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: −0.010% → −0.057%
- $4.76
- Slippage, 4 orders
- −$9.91
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$10.15
- Costs to cover
- 0.359%
- Break-even
- 10.4 days
Slippage from Gate: live order book, 2 min ago; Bybit: 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, 2 min ago | 0.81 bp | 9.7 bp −$10 | 12.7 bp −$127 | 24.9 bp −$2,487 | 61.3 bp −$30.6K |
| Sell Bybit live order book, 1 min ago | 0.12 bp | 8.8 bp −$9 | 14.0 bp −$140 | 30.3 bp −$3,028 | 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-USD | 0.0000% | 1h | 4,343.8 | −0.018% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDTlong | 0.0000% | 8h | 4,344.6 | long leg | $15.7M | $3.5M | 100x | |
| SunX PAXG-USDT | 0.0000% | 4h | 4,338.4 | −0.143% | $2K | $3.7M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,346.1 | +0.035% | $7.9M | $870K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,347.1 | +0.058% | $905K | $642K | 75x | as long as short |
| Hibachi PAXG/USDT-P | +0.0032% | 1h | 4,342 | −0.061% | $42K | $156K | 20x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.062% | $1K | $151K | 30x | as long as short |
| GRVT PAXG_USDT_Perp | +0.0054% | 4h | 4,341.3 | −0.075% | $1.5M | $1.9M | 10x | as long as short |
| Lighter PAXG | +0.0096% | 1h | 4,342.4 | −0.051% | $1.4M | $305K | 25x | as long as short |
| Paradex PAXG-USD-PERP | +0.0100% | 8h | 4,342.7 | −0.043% | $80K | $3.7M | 50x | as long as short |
dYdX PAXG-USD
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Hibachi PAXG/USDT-P
Injective PAXG/USDC PERP
GRVT PAXG_USDT_Perp
Lighter PAXG
Paradex PAXG-USD-PERPShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid PAXG | +0.0100% | 1h | 4,344.1 | −0.012% | $20.7M | $2.2M | 10x | as long as short |
| Aster PAXGUSDT | +0.0100% | 4h | 4,343 | −0.038% | $906K | $30K | 50x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,343.5 | −0.026% | $1.0M | $342K | 10x | as long as short |
| Binance PAXGUSDT | +0.0100% | 4h | 4,344 | −0.014% | $80.0M | $70.8M | 75x | as long as short |
| Bybit PAXGUSDTshort | +0.0100% | 4h | 4,344.2 | −0.010% | $15.1M | $3.5M | 75x | |
| MEXC PAXG_USDT | +0.0100% | 4h | 4,344.1 | −0.012% | $16.1M | $1.1M | 100x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,346 | +0.032% | $28.5M | $5.3M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,344.2 | −0.010% | $9.6M | $15.1M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,344.4 | −0.005% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,344 | −0.014% | $1.3M | $803K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,343.8 | −0.019% | $12.5M | $109K | — | as long as short |
| ApeX Omni PAXGUSDT | +0.0100% | 1h | 4,340.7 | −0.089% | $263K | $791K | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,342.6 | −0.046% | $557 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,342 | −0.060% | $1.5M | $39K | 50x | as long as short |
| Extended PAXG-USD | +0.0104% | 1h | 4,342.9 | −0.039% | $378K | $1.4M | 25x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,343.5 | −0.026% | $21K | — | 100x | as long as short |
| Kraken Futures PF_PAXGUSD | +0.0247% | 1h | 4,343.4 | −0.027% | $1.3M | $1.4M | 20x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0312% | 1h | 4,348.5 | +0.090% | $972K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.1000% | 1h | 4,352.9 | +0.191% | $29K | $23K | 10x | as long as short |
Hyperliquid PAXG
Aster PAXGUSDT
Pacifica PAXG
Binance PAXGUSDT
MEXC PAXG_USDT
KuCoin PAXGUSDTM
Bitget PAXGUSDT
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
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