Funding you earn now, next payment 05:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.038%
Price spread now: dYdX against MEXC−0.062%7-day average −0.117% · 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−$35as in the Price arb table
costs, in and out, $10k−$410.409% of the position
Funding, last 7 days−0.197%−$20 on $10k
+Price spread, last 4 days (all we have)−0.014%−$1 · spread now −0.062%, 7d avg −0.117%
=The price spread pays, funding is against you. dYdX is 0.055% dearer against MEXC than usual: you sell high and buy low (spread −0.062% now, against its 7-day average of −0.117%): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.5 days. At the pace of the last 7 days (−0.197% in total) that is about 47 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC PAXG_USDT | 4,337.5 | 0.0040 | pay 0.0020% / 4h | 3h 27m | $16.1M | $1.0M | 100x |
| Short | dYdX PAXG-USD | 4,334.8 | 0 | get 0.0000% / 1h | 27m 51s | $101K | $12K | 5x |
MEXC PAXG_USDT
dYdX PAXG-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX 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
- −$8.4
- Price spread: −0.062% → −0.117%
- $5.46
- Slippage, 4 orders
- −$26.88
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$43.82
- Costs to cover
- 0.409%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 1 min ago; dYdX: live order book, 26 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, 1 min ago | 0.12 bp | 2.9 bp −$3 | 18.5 bp −$185 | 60.4 bp −$6,045 | 137.3 bp −$68.7K |
| Sell dYdX live order book, 26 min ago | 10.39 bp | 15.4 bp −$15 | 34.1 bp −$341 | 157.0 bp −$15.7K | 500.1 bp −$250.0K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Hibachi PAXG/USDT-P | −0.0176% | 1h | 4,335.4 | −0.048% | $42K | $154K | 20x | as long as short |
| Lighter PAXG | −0.0160% | 1h | 4,333.3 | −0.096% | $1.4M | $368K | 25x | as long as short |
| GRVT PAXG_USDT_Perp | −0.0112% | 4h | 4,334.6 | −0.065% | $1.5M | $1.9M | 10x | as long as short |
| ApeX Omni PAXGUSDT | −0.0075% | 1h | 4,333.3 | −0.095% | $262K | $786K | 50x | as long as short |
| dYdX PAXG-USDshort | 0.0000% | 1h | 4,334.8 | −0.062% | $101K | $12K | 5x | |
| Gate PAXG_USDT | 0.0000% | 8h | 4,336.9 | −0.013% | $15.6M | $3.4M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,329.8 | −0.176% | $2K | $3.5M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,338.3 | +0.018% | $7.9M | $868K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,341.8 | +0.101% | $903K | $687K | 75x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.227% | $1K | $151K | 30x | as long as short |
Hibachi PAXG/USDT-P
Lighter PAXG
GRVT PAXG_USDT_Perp
ApeX Omni PAXGUSDT
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 | |
|---|---|---|---|---|---|---|---|---|
| Binance PAXGUSDT | +0.0040% | 4h | 4,334.7 | −0.064% | $79.9M | $70.7M | 75x | as long as short |
| Extended PAXG-USD | +0.0040% | 1h | 4,333.4 | −0.093% | $379K | $1.5M | 25x | as long as short |
| MEXC PAXG_USDTlong | +0.0040% | 4h | 4,337.5 | long leg | $16.1M | $1.0M | 100x | |
| Kraken Futures PF_PAXGUSD | +0.0065% | 1h | 4,335.1 | −0.055% | $1.3M | $1.4M | 20x | as long as short |
| Aster PAXGUSDT | +0.0099% | 4h | 4,334.3 | −0.073% | $904K | $27K | 50x | as long as short |
| Paradex PAXG-USD-PERP | +0.0100% | 8h | 4,334.5 | −0.068% | $81K | $3.6M | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,334.6 | −0.066% | $556 | — | 10x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,334.9 | −0.059% | $20.7M | $2.3M | 10x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,336.8 | −0.014% | $1.0M | $343K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,335.7 | −0.041% | $14.9M | $3.8M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,338 | +0.012% | $28.6M | $5.3M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,335.3 | −0.050% | $9.7M | $15.2M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,335.7 | −0.040% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,335.3 | −0.051% | $1.3M | $799K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,335 | −0.057% | $12.3M | $227K | — | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,332 | −0.126% | $1.5M | $38K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,334.2 | −0.074% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0296% | 1h | 4,339.5 | +0.048% | $987K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0944% | 1h | 4,345.9 | +0.195% | $29K | $24K | 10x | as long as short |
Binance PAXGUSDT
Extended PAXG-USD
Kraken Futures PF_PAXGUSD
Aster PAXGUSDT
Paradex PAXG-USD-PERP
Orderly PERP_PAXG_USDC_mythos
Hyperliquid PAXG
Pacifica PAXG
Bybit PAXGUSDT
KuCoin PAXGUSDTM
Bitget PAXGUSDT
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
Phemex PAXGUSDT
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD