Funding you earn now, next payment 08:00 UTC+0.0112%/8h= +12.3% APRnext payment +$0.56 per $10,000 · paid last 24h +0.012%
Price spread now: MEXC against GRVT+0.207%82s7-day average +0.067% · you sell dearer than you buy
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$200.202% of the position
Funding, last 7 days−0.038%−$4 on $10k
+Price spread, last 7 days−0.193%−$19 · spread now +0.207%, 7d avg +0.067%
=Together, before fees−0.231%+ Points / potential airdropGRVT: Active · farm board−$23 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and MEXC is 0.140% dearer against GRVT than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of +0.067%. The two prices were read 82 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT PAXG_USDT_Perp | 4,319.3 | −0.0102 | get 0.0051% / 4h | 40m 12s | $1.5M | $2.0M | 10x |
| Short | MEXC PAXG_USDT | 4,328.2 | 0.0010 | get 0.0005% / 4h | 40m 12s | $16.7M | $1.0M | 100x |
GRVT PAXG_USDT_Perp
MEXC PAXG_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against GRVT. 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
- $23.52
- Price spread: +0.207% → +0.067%
- $14.04
- Slippage, 4 orders
- −$7.24
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- $17.32
- Costs to cover
- 0.202%
- Break-even
- 1.8 days
Slippage from GRVT: live order book, 3 min ago; MEXC: live order book, 3 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 GRVT live order book, 3 min ago | 0.01 bp | 6.0 bp −$6 | 9.7 bp −$97 | 7943.0 bp −$794.3K | doesn't fit |
| Sell MEXC live order book, 3 min ago | 2.03 bp | 4.7 bp −$5 | 19.3 bp −$193 | 49.6 bp −$4,958 | 127.7 bp −$63.8K |
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 | 4,321.1 | +0.042% | $1.4M | $482K | 25x | as long as short |
| GRVT PAXG_USDT_Perplong | −0.0102% | 4h | 4,319.3 | long leg | $1.5M | $2.0M | 10x | |
| Hibachi PAXG/USDT-P | −0.0088% | 1h | 4,321.5 | +0.051% | $41K | $168K | 20x | as long as short |
| Kraken Futures PF_PAXGUSD | −0.0055% | 1h | 4,323.7 | +0.103% | $1.2M | $1.9M | 20x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,321.4 | +0.051% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,325.1 | +0.135% | $15.6M | $3.6M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,320.1 | +0.019% | $2K | $3.2M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,327 | +0.179% | $7.9M | $659K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,325.6 | +0.148% | $903K | $783K | 75x | as long as short |
| Extended PAXG-USD | +0.0008% | 1h | 4,321.9 | +0.060% | $376K | $1.6M | 25x | as long as short |
Lighter PAXG
Hibachi PAXG/USDT-P
Kraken Futures PF_PAXGUSD
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Extended PAXG-USDShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC PAXG_USDTshort | +0.0010% | 4h | 4,328.2 | +0.207% | $16.7M | $1.0M | 100x | |
| Binance PAXGUSDT | +0.0011% | 4h | 4,323 | +0.087% | $79.8M | $74.1M | 75x | as long as short |
| Aster PAXGUSDT | +0.0021% | 4h | 4,322.5 | +0.075% | $902K | $29K | 50x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.649% | $1K | $151K | 30x | as long as short |
| ApeX Omni PAXGUSDT | +0.0062% | 1h | 4,317.7 | −0.036% | $261K | $775K | 50x | as long as short |
| Bitget PAXGUSDT | +0.0080% | 4h | 4,322.9 | +0.084% | $9.4M | $15.9M | 50x | as long as short |
| Paradex PAXG-USD-PERP | +0.0098% | 8h | 4,322.1 | +0.067% | $85K | $3.4M | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,321.8 | +0.059% | $555 | — | 10x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,323.5 | +0.098% | $20.8M | $2.4M | 10x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,324.7 | +0.126% | $1.0M | $305K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,323.6 | +0.101% | $14.9M | $4.0M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,324.9 | +0.131% | $28.7M | $5.3M | 30x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,323.5 | +0.099% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,323.6 | +0.100% | $1.3M | $818K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,322.2 | +0.068% | $12.3M | $223K | — | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,323 | +0.087% | $1.5M | $52K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,322.6 | +0.077% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0224% | 1h | 4,322.2 | +0.067% | $949K | $1.0M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0888% | 1h | 4,333.8 | +0.337% | $29K | $23K | 10x | as long as short |
Binance PAXGUSDT
Aster PAXGUSDT
Injective PAXG/USDC PERP
ApeX Omni PAXGUSDT
Bitget PAXGUSDT
Paradex PAXG-USD-PERP
Orderly PERP_PAXG_USDC_mythos
Hyperliquid PAXG
Pacifica PAXG
Bybit PAXGUSDT
KuCoin PAXGUSDTM
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
Phemex PAXGUSDT
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD