Funding you earn now, next payment 12:00 UTC+0.0260%/8h= +28.5% APRnext payment +$1.30 per $10,000 · paid last 24h −0.009%
Price spread now: SunX against GRVT−0.083%7-day average −0.107% · you buy dearer than you sell
Net, funding: paid 7d − costs−$92as in the Funding arb table
Net, price: spread back to 7d avg − costs−$72as in the Price arb table
costs, in and out, $10k−$750.745% of the position
Funding, last 7 days−0.179%−$18 on $10k
+Price spread, last 4 days (all we have)−0.025%−$3 · spread now −0.083%, 7d avg −0.107%
=Together, before fees−0.204%+ Points / potential airdropGRVT: Active · farm board−$20 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and SunX is 0.024% dearer against GRVT than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.107%. Mind the row above: over the last 7 days funding on this pair cost −0.179%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.179% in total (about -9.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.30 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 | 4,305.8 | −0.0260 | get 0.0130% / 4h | 3h 52m | $1.5M | $1.9M | 10x |
| Short | SunX PAXG-USDT | 4,302.2 | 0 | get 0.0000% / 4h | 3h 52m | $2K | $3.2M | 20x |
GRVT PAXG_USDT_Perp
SunX PAXG-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- $54.6
- Price spread: −0.083% → −0.107%
- $2.44
- Slippage, 4 orders
- −$57.54
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$17.51
- Costs to cover
- 0.745%
- Break-even
- 9.2 days
Slippage from GRVT: live order book, 1 min ago; SunX: live order book, 5 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, 1 min ago | 0.01 bp | 6.2 bp −$6 | 9.0 bp −$90 | 2387.2 bp −$238.7K | doesn't fit |
| Sell SunX live order book, 5 min ago | 21.54 bp | 25.5 bp −$26 | 55.2 bp −$552 | 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 | −0.0260% | 4h | 4,305.8 | long leg | $1.5M | $1.9M | 10x | |
| Lighter PAXG | −0.0256% | 1h | 4,304.4 | −0.033% | $1.4M | $607K | 25x | as long as short |
| Hibachi PAXG/USDT-P | −0.0160% | 1h | 4,303.8 | −0.046% | $41K | $171K | 20x | as long as short |
| Kraken Futures PF_PAXGUSD | −0.0097% | 1h | 4,307.8 | +0.046% | $1.2M | $1.7M | 20x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,306 | +0.004% | $100K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,308.5 | +0.063% | $15.6M | $3.8M | 100x | as long as short |
| SunX PAXG-USDTshort | 0.0000% | 4h | 4,302.2 | −0.083% | $2K | $3.2M | 20x | |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,310.7 | +0.114% | $7.9M | $599K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,310.4 | +0.108% | $903K | $804K | 75x | as long as short |
| Extended PAXG-USD | +0.0016% | 1h | 4,305.3 | −0.012% | $377K | $1.6M | 25x | as long as short |
Lighter PAXG
Hibachi PAXG/USDT-P
Kraken Futures PF_PAXGUSD
dYdX PAXG-USD
Gate 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_USDT | +0.0016% | 4h | 4,313.2 | +0.172% | $16.6M | $1.1M | 100x | as long as short |
| Binance PAXGUSDT | +0.0018% | 4h | 4,306.5 | +0.016% | $80.2M | $79.5M | 75x | as long as short |
| Aster PAXGUSDT | +0.0027% | 4h | 4,306.3 | +0.013% | $898K | $32K | 50x | as long as short |
| Bitget PAXGUSDT | +0.0030% | 4h | 4,306.3 | +0.011% | $9.4M | $16.0M | 50x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.964% | $1K | $151K | 30x | as long as short |
| BingX PAXG-USDT | +0.0092% | 4h | 4,308.2 | +0.055% | — | $6.8M | — | as long as short |
| Paradex PAXG-USD-PERP | +0.0095% | 8h | 4,306.1 | +0.007% | $85K | $4.1M | 50x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,306.8 | +0.023% | $21.0M | $2.5M | 10x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,308.4 | +0.060% | $1.0M | $304K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,306.9 | +0.025% | $14.8M | $4.3M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,308.3 | +0.058% | $28.5M | $5.4M | 30x | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,306.8 | +0.024% | $1.2M | $856K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,302.4 | −0.078% | $12.2M | $230K | — | as long as short |
| ApeX Omni PAXGUSDT | +0.0100% | 1h | 4,302.3 | −0.080% | $261K | $769K | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,306 | +0.005% | $553 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,305 | −0.018% | $1.5M | $66K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,306.1 | +0.006% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0232% | 1h | 4,309.1 | +0.077% | $937K | $1.0M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0816% | 1h | 4,317.2 | +0.265% | $29K | $23K | 10x | as long as short |
MEXC PAXG_USDT
Binance PAXGUSDT
Aster PAXGUSDT
Bitget PAXGUSDT
Injective PAXG/USDC PERP
BingX PAXG-USDT
Paradex PAXG-USD-PERP
Hyperliquid PAXG
Pacifica PAXG
Bybit PAXGUSDT
KuCoin PAXGUSDTM
Backpack PAXG_USDC_PERP
Variational Omni PAXG
ApeX Omni PAXGUSDT
Orderly PERP_PAXG_USDC_mythos
Phemex PAXGUSDT
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD