Funding you earn now, next payment 08:00 UTC+0.0072%/8h= +7.9% APRnext payment +$0.36 per $10,000 · paid last 24h −0.005%
Price spread now: Bitget against MEXC−0.106%7-day average −0.079% · you buy dearer than you sell
Net, funding: paid 7d − costs−$22as in the Funding arb table
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$240.243% of the position
Funding, last 7 days+0.021%+$2 on $10k
+Price spread, last 7 days+0.076%+$8 · spread now −0.106%, 7d avg −0.079%
=Funding pays, the price is against you. Bitget is 0.027% cheaper against MEXC than usual: you would sell low and buy high (spread −0.106% now, against its 7-day average of −0.079%). If the spread goes back, that is −$3 on $10k: about 30 hours of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.021% in total) that is about 9.2 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC PAXG_USDT | 4,326.8 | 0.0008 | pay 0.0004% / 4h | 41m 35s | $16.7M | $1.0M | 100x |
| Short | Bitget PAXGUSDT | 4,322.2 | 0.0080 | get 0.0040% / 4h | 41m 35s | $9.4M | $15.9M | 50x |
MEXC PAXG_USDT
Bitget PAXGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- $15.12
- Price spread: −0.106% → −0.079%
- −$2.74
- Slippage, 4 orders
- −$8.3
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$11.92
- Costs to cover
- 0.243%
- Break-even
- 12.5 days
Slippage from MEXC: live order book, 2 min ago; Bitget: 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 MEXC live order book, 2 min ago | 2.03 bp | 5.1 bp −$5 | 33.7 bp −$337 | 62.3 bp −$6,225 | 137.9 bp −$68.9K |
| Sell Bitget live order book, 2 min ago | 0.01 bp | 7.7 bp −$8 | 9.8 bp −$98 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter PAXG | −0.0176% | 1h | 4,320.4 | −0.148% | $1.4M | $482K | 25x | as long as short |
| GRVT PAXG_USDT_Perp | −0.0102% | 4h | 4,319.3 | −0.175% | $1.5M | $2.0M | 10x | as long as short |
| Hibachi PAXG/USDT-P | −0.0088% | 1h | 4,320.9 | −0.137% | $41K | $168K | 20x | as long as short |
| Kraken Futures PF_PAXGUSD | −0.0055% | 1h | 4,322.1 | −0.110% | $1.2M | $1.9M | 20x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,321.4 | −0.125% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,324.2 | −0.061% | $15.6M | $3.6M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,318.5 | −0.192% | $2K | $3.2M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,325.5 | −0.030% | $7.9M | $659K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,324.3 | −0.058% | $903K | $783K | 75x | as long as short |
| Extended PAXG-USD | +0.0008% | 1h | 4,320.9 | −0.138% | $376K | $1.6M | 25x | as long as short |
Lighter PAXG
GRVT PAXG_USDT_Perp
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_USDTlong | +0.0008% | 4h | 4,326.8 | long leg | $16.7M | $1.0M | 100x | |
| Binance PAXGUSDT | +0.0010% | 4h | 4,322.3 | −0.104% | $79.8M | $74.1M | 75x | as long as short |
| Aster PAXGUSDT | +0.0021% | 4h | 4,321.8 | −0.116% | $902K | $29K | 50x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.473% | $1K | $151K | 30x | as long as short |
| ApeX Omni PAXGUSDT | +0.0062% | 1h | 4,317.7 | −0.211% | $261K | $775K | 50x | as long as short |
| Bitget PAXGUSDTshort | +0.0080% | 4h | 4,322.2 | −0.106% | $9.4M | $15.9M | 50x | |
| Paradex PAXG-USD-PERP | +0.0098% | 8h | 4,321.4 | −0.125% | $85K | $3.4M | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,321.4 | −0.125% | $554 | — | 10x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,322.6 | −0.098% | $20.8M | $2.4M | 10x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,324.2 | −0.061% | $1.0M | $305K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,322.9 | −0.092% | $14.9M | $4.0M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,324.1 | −0.063% | $28.7M | $5.3M | 30x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,322.7 | −0.096% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,322.4 | −0.102% | $1.3M | $818K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,320 | −0.158% | $12.3M | $223K | — | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,319 | −0.181% | $1.5M | $52K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,320.9 | −0.136% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0224% | 1h | 4,322.2 | −0.108% | $949K | $1.0M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0888% | 1h | 4,333.1 | +0.145% | $29K | $23K | 10x | as long as short |
Binance PAXGUSDT
Aster PAXGUSDT
Injective PAXG/USDC PERP
ApeX Omni 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