Funding you earn now, next payment 08:00 UTC+0.0396%/8h= +43.4% APRnext payment +$1.98 per $10,000 · paid last 24h +0.009%
Price spread now: Phemex against GRVT−0.066%77s7-day average −0.054% · you buy dearer than you sell
Net, funding: paid 7d − costs−$61as 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−$630.627% of the position
Funding, last 7 days+0.016%+$2 on $10k
+Price spread, last 4 days (all we have)+0.046%+$5 · spread now −0.066%, 7d avg −0.054%
=Together, before fees+0.062%+ Points / potential airdropGRVT: Active · farm board+$6 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.054%, so right now this pair is about funding alone: +$12 a day on $10k at the current rate. The two prices were read 77 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.016% in total (about 0.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.98 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT PAXG_USDT_Perp | 4,334.9 | −0.0296 | get 0.0148% / 4h | 3h 54m | $1.5M | $1.9M | 10x |
| Short | Phemex PAXGUSDT | 4,332 | 0.0100 | get 0.0050% / 4h | 3h 54m | $1.5M | $39K | 50x |
GRVT PAXG_USDT_Perp
Phemex PAXGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- $83.16
- Price spread: −0.066% → −0.054%
- −$1.25
- Slippage, 4 orders
- −$41.67
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- $19.24
- Costs to cover
- 0.627%
- Break-even
- 5.4 days
Slippage from GRVT: live order book, 4 min ago; Phemex: live order book, 4 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, 4 min ago | 0.01 bp | 5.7 bp −$6 | 7.0 bp −$70 | 2012.7 bp −$201.3K | doesn't fit |
| Sell Phemex live order book, 4 min ago | 5.77 bp | 24.3 bp −$24 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| GRVT PAXG_USDT_Perplong | −0.0296% | 4h | 4,334.9 | long leg | $1.5M | $1.9M | 10x | |
| ApeX Omni PAXGUSDT | −0.0248% | 1h | 4,334.4 | −0.011% | $262K | $788K | 50x | as long as short |
| Lighter PAXG | −0.0176% | 1h | 4,332.8 | −0.049% | $1.4M | $362K | 25x | as long as short |
| Hibachi PAXG/USDT-P | −0.0144% | 1h | 4,333.6 | −0.028% | $42K | $155K | 20x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,338.4 | +0.080% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,336.1 | +0.028% | $15.6M | $3.3M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,328.8 | −0.140% | $2K | $3.6M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,337.6 | +0.063% | $7.9M | $868K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,342.1 | +0.167% | $904K | $684K | 75x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.287% | $1K | $151K | 30x | as long as short |
ApeX Omni PAXGUSDT
Lighter PAXG
Hibachi PAXG/USDT-P
dYdX PAXG-USD
Gate PAXG_USDT
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_PAXGUSD | +0.0065% | 1h | 4,334.4 | −0.011% | $1.3M | $1.4M | 20x | as long as short |
| Extended PAXG-USD | +0.0080% | 1h | 4,332.7 | −0.051% | $378K | $1.4M | 25x | as long as short |
| Binance PAXGUSDT | +0.0081% | 4h | 4,333.9 | −0.023% | $80.0M | $71.2M | 75x | as long as short |
| MEXC PAXG_USDT | +0.0084% | 4h | 4,337.4 | +0.059% | $16.1M | $1.0M | 100x | as long as short |
| Paradex PAXG-USD-PERP | +0.0100% | 8h | 4,334.4 | −0.011% | $81K | $3.7M | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,334.6 | −0.006% | $556 | — | 10x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,334.3 | −0.013% | $20.7M | $2.3M | 10x | as long as short |
| Aster PAXGUSDT | +0.0100% | 4h | 4,333.5 | −0.031% | $904K | $27K | 50x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,336.3 | +0.032% | $1.0M | $338K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,334.8 | −0.001% | $14.9M | $3.9M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,337.4 | +0.058% | $28.6M | $5.3M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,334.8 | −0.001% | $9.7M | $15.1M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,335 | +0.003% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,334.9 | −0.001% | $1.3M | $801K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,334.1 | −0.018% | $12.3M | $227K | — | as long as short |
| Phemex PAXGUSDTshort | +0.0100% | 4h | 4,332 | −0.066% | $1.5M | $39K | 50x | |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,333.6 | −0.030% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0296% | 1h | 4,341 | +0.142% | $988K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0992% | 1h | 4,344.8 | +0.229% | $29K | $23K | 10x | as long as short |
Kraken Futures PF_PAXGUSD
Extended PAXG-USD
Binance PAXGUSDT
MEXC PAXG_USDT
Paradex PAXG-USD-PERP
Orderly PERP_PAXG_USDC_mythos
Hyperliquid PAXG
Aster PAXGUSDT
Pacifica PAXG
Bybit PAXGUSDT
KuCoin PAXGUSDTM
Bitget PAXGUSDT
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD