Funding you earn now, next payment 12:00 UTC+0.0084%/8h= +9.2% APRnext payment +$0.42 per $10,000 · paid last 24h +0.004%
Price spread now: BingX against MEXC−0.066%7-day average −0.065% · you buy dearer than you sell
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$260.259% of the position
Funding, last 7 days+0.062%+$6 on $10k
+Price spread, last 7 days+0.049%+$5 · spread now −0.066%, 7d avg −0.065%
=The price spread sits at its 7-day average of −0.065%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC PAXG_USDT | 4,334.2 | 0.0016 | pay 0.0008% / 4h | 3h 03m | $16.7M | $1.2M | 100x |
| Short | BingX PAXG-USDT | 4,331.4 | 0.0100 | get 0.0050% / 4h | 3h 03m | — | $6.8M | — |
MEXC PAXG_USDT
BingX PAXG-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against MEXC. 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
- $17.64
- Price spread: −0.066% → −0.065%
- −$0.1
- Slippage, 4 orders
- −$11.92
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$8.38
- Costs to cover
- 0.259%
- Break-even
- 10.3 days
Slippage from MEXC: live order book, 5 min ago; BingX: live order book, 9 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 MEXC live order book, 5 min ago | 0.01 bp | 12.2 bp −$12 | 22.3 bp −$223 | 53.4 bp −$5,341 | 115.6 bp −$57.8K |
| Sell BingX live order book, 9 min ago | 0.15 bp | 5.2 bp −$5 | 5.3 bp −$53 | 9.1 bp −$915 | 29.3 bp −$14.7K |
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 | −0.0252% | 1h | 4,332.2 | −0.046% | $115K | $15K | 5x | as long as short |
| Lighter PAXG | −0.0144% | 1h | 4,329.4 | −0.110% | $1.4M | $634K | 25x | as long as short |
| Kraken Futures PF_PAXGUSD | −0.0096% | 1h | 4,332.3 | −0.043% | $1.2M | $2.1M | 20x | as long as short |
| GRVT PAXG_USDT_Perp | −0.0078% | 4h | 4,331.9 | −0.053% | $1.5M | $2.0M | 10x | as long as short |
| Hibachi PAXG/USDT-P | −0.0040% | 1h | 4,332.5 | −0.039% | $47K | $186K | 20x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,332.6 | −0.037% | $15.7M | $4.1M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,327.1 | −0.165% | $2K | $3.1M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,335.2 | +0.023% | $7.9M | $429K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,333.9 | −0.008% | $909K | $823K | 75x | as long as short |
| Extended PAXG-USD | +0.0016% | 1h | 4,330 | −0.097% | $375K | $1.5M | 25x | as long as short |
dYdX PAXG-USD
Lighter PAXG
Kraken Futures PF_PAXGUSD
GRVT PAXG_USDT_Perp
Hibachi PAXG/USDT-P
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_USDTlong | +0.0016% | 4h | 4,334.2 | long leg | $16.7M | $1.2M | 100x | |
| Binance PAXGUSDT | +0.0017% | 4h | 4,330.6 | −0.084% | $80.3M | $81.8M | 75x | as long as short |
| Bitget PAXGUSDT | +0.0018% | 4h | 4,330 | −0.096% | $9.3M | $16.4M | 50x | as long as short |
| ApeX Omni PAXGUSDT | +0.0030% | 1h | 4,330.4 | −0.088% | $262K | $806K | 50x | as long as short |
| Aster PAXGUSDT | +0.0033% | 4h | 4,330.5 | −0.085% | $906K | $38K | 50x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.302% | $1K | $151K | 30x | as long as short |
| Hyperliquid PAXG | +0.0074% | 1h | 4,330.1 | −0.095% | $21.3M | $2.6M | 10x | as long as short |
| Paradex PAXG-USD-PERP | +0.0085% | 8h | 4,329.8 | −0.102% | $80K | $4.4M | 50x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,332.3 | −0.044% | $1.0M | $308K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,330.3 | −0.091% | $15.0M | $4.6M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,333.4 | −0.020% | $28.9M | $5.5M | 30x | as long as short |
| BingX PAXG-USDTshort | +0.0100% | 4h | 4,331.4 | −0.066% | — | $6.8M | — | |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,330.7 | −0.081% | $1.2M | $857K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,331.7 | −0.057% | $12.2M | $291K | — | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,330.4 | −0.088% | $556 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,326 | −0.189% | $1.5M | $79K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,329.4 | −0.110% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0232% | 1h | 4,333.4 | −0.019% | $934K | $1.0M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.1184% | 1h | 4,387.7 | +1.234% | $29K | $24K | 10x | as long as short |
Binance PAXGUSDT
Bitget PAXGUSDT
ApeX Omni PAXGUSDT
Aster PAXGUSDT
Injective PAXG/USDC PERP
Hyperliquid PAXG
Paradex PAXG-USD-PERP
Pacifica PAXG
Bybit PAXGUSDT
KuCoin PAXGUSDTM
Backpack PAXG_USDC_PERP
Variational Omni PAXG
Orderly PERP_PAXG_USDC_mythos
Phemex PAXGUSDT
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD