Funding you earn now, next payment 08:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.030%
Price spread now: MEXC against Gate−0.006%7-day average +0.009% · 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−$300.299% of the position
Funding, last 7 days+0.111%+$11 on $10k
+Price spread, last 7 days−0.068%−$7 · spread now −0.006%, 7d avg +0.009%
=The price spread sits at its 7-day average of +0.009%, so right now this pair is about funding alone: +$1 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 | 4,342.9 | 0 | get 0.0000% / 8h | 2h 56m | $15.6M | $3.3M | 100x |
| Short | MEXC PAXG_USDT | 4,342.7 | 0.0032 | get 0.0016% / 4h | 2h 56m | $16.2M | $1.0M | 100x |
Gate PAXG_USDT
MEXC PAXG_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $6.72
- Price spread: −0.006% → +0.009%
- −$1.49
- Slippage, 4 orders
- −$10.9
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$24.67
- Costs to cover
- 0.299%
- Break-even
- 32.7 days
Slippage from Gate: live order book, 2 min ago; MEXC: live order book, 2 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 | 0.12 bp | 9.6 bp −$10 | 12.8 bp −$128 | 24.5 bp −$2,447 | 58.3 bp −$29.2K |
| Sell MEXC live order book, 2 min ago | 1.85 bp | 4.4 bp −$4 | 13.6 bp −$136 | 45.1 bp −$4,513 | 110.6 bp −$55.3K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Hibachi PAXG/USDT-P | −0.0208% | 1h | 4,340.9 | −0.046% | $46K | $158K | 20x | as long as short |
| Lighter PAXG | −0.0104% | 1h | 4,339.6 | −0.075% | $1.4M | $365K | 25x | as long as short |
| Kraken Futures PF_PAXGUSD | −0.0101% | 1h | 4,342.1 | −0.018% | $1.3M | $1.5M | 20x | as long as short |
| ApeX Omni PAXGUSDT | −0.0037% | 1h | 4,338.9 | −0.091% | $262K | $786K | 50x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,338.3 | −0.105% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDTlong | 0.0000% | 8h | 4,342.9 | long leg | $15.6M | $3.3M | 100x | |
| SunX PAXG-USDT | 0.0000% | 4h | 4,337.3 | −0.128% | $2K | $3.5M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,344.7 | +0.042% | $7.9M | $843K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,342 | −0.020% | $904K | $692K | 75x | as long as short |
| GRVT PAXG_USDT_Perp | +0.0002% | 4h | 4,339.9 | −0.068% | $1.5M | $1.9M | 10x | as long as short |
Hibachi PAXG/USDT-P
Lighter PAXG
Kraken Futures PF_PAXGUSD
ApeX Omni PAXGUSDT
dYdX PAXG-USD
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
GRVT PAXG_USDT_PerpShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended PAXG-USD | +0.0032% | 1h | 4,339.7 | −0.074% | $379K | $1.4M | 25x | as long as short |
| MEXC PAXG_USDTshort | +0.0032% | 4h | 4,342.7 | −0.006% | $16.2M | $1.0M | 100x | |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.101% | $1K | $151K | 30x | as long as short |
| Binance PAXGUSDT | +0.0034% | 4h | 4,341 | −0.044% | $80.1M | $70.4M | 75x | as long as short |
| Aster PAXGUSDT | +0.0073% | 4h | 4,340.4 | −0.057% | $905K | $26K | 50x | as long as short |
| Hyperliquid PAXG | +0.0081% | 1h | 4,341 | −0.044% | $20.8M | $2.3M | 10x | as long as short |
| Paradex PAXG-USD-PERP | +0.0099% | 8h | 4,341 | −0.043% | $81K | $3.4M | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,339.2 | −0.085% | $557 | — | 10x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,342.1 | −0.018% | $1.0M | $343K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,341.5 | −0.033% | $14.9M | $3.8M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,344 | +0.024% | $28.6M | $5.2M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,341.5 | −0.033% | $9.7M | $15.2M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,341.3 | −0.037% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,341.3 | −0.036% | $1.3M | $798K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,339.2 | −0.085% | $12.3M | $222K | — | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,338 | −0.113% | $1.5M | $39K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,340.7 | −0.051% | $21K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0248% | 1h | 4,342.3 | −0.013% | $955K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0752% | 1h | 4,350.6 | +0.177% | $29K | $24K | 10x | as long as short |
Extended PAXG-USD
Injective PAXG/USDC PERP
Binance PAXGUSDT
Aster PAXGUSDT
Hyperliquid PAXG
Paradex PAXG-USD-PERP
Orderly PERP_PAXG_USDC_mythos
Pacifica PAXG
Bybit PAXGUSDT
KuCoin PAXGUSDTM
Bitget PAXGUSDT
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
Phemex PAXGUSDT
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD