Funding you earn now, next payment 04:00 UTC−0.0040%/8h= −4.4% APRnext payment −$0.20 per $10,000 · paid last 24h −0.019%
Price spread now: GRVT against MEXC−0.009%52s7-day average −0.063% · you buy dearer than you sell
Net, funding: paid 7d − costs−$18as 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−$210.207% of the position
Funding, last 7 days+0.028%+$3 on $10k
+Price spread, last 7 days+0.065%+$7 · spread now −0.009%, 7d avg −0.063%
=Together, before fees+0.094%+ Points / potential airdropGRVT: Active · farm board+$9 on $10k · with fees, hour by hour
The price spread pays, funding is against you. GRVT is 0.054% dearer against MEXC than usual: you sell high and buy low (spread −0.009% now, against its 7-day average of −0.063%): +$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. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC PAXG_USDT | 4,354 | 0.0100 | pay 0.0050% / 4h | 3h 06m | $16.2M | $1.2M | 100x |
| Short | GRVT PAXG_USDT_Perp | 4,353.6 | 0.0060 | get 0.0030% / 4h | 3h 06m | $1.5M | $2.0M | 10x |
MEXC PAXG_USDT
GRVT PAXG_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT 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: −0.009% → −0.063%
- $5.38
- Slippage, 4 orders
- −$7.71
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$23.73
- Costs to cover
- 0.207%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 2 min ago; GRVT: 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 | 1.69 bp | 6.2 bp −$6 | 24.9 bp −$249 | 67.0 bp −$6,695 | 142.1 bp −$71.1K |
| Sell GRVT live order book, 2 min ago | 0.01 bp | 4.5 bp −$5 | 5.5 bp −$55 | 14.6 bp −$1,456 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX PAXG-USD | 0.0000% | 1h | 4,354.3 | +0.007% | $102K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,355.9 | +0.044% | $15.7M | $3.5M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,350.4 | −0.083% | $2K | $3.9M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,357.5 | +0.081% | $7.9M | $873K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,356.9 | +0.068% | $906K | $645K | 75x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | −0.153% | $1K | $151K | 30x | as long as short |
| GRVT PAXG_USDT_Perpshort | +0.0060% | 4h | 4,353.6 | −0.009% | $1.5M | $2.0M | 10x | |
| Lighter PAXG | +0.0096% | 1h | 4,352.5 | −0.034% | $1.4M | $270K | 25x | as long as short |
| Paradex PAXG-USD-PERP | +0.0100% | 8h | 4,352.4 | −0.037% | $80K | $3.7M | 50x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,353.7 | −0.006% | $20.7M | $2.1M | 10x | as long as short |
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Injective PAXG/USDC PERP
Lighter PAXG
Paradex PAXG-USD-PERP
Hyperliquid PAXGShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster PAXGUSDT | +0.0100% | 4h | 4,354.2 | +0.005% | $908K | $29K | 50x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,354.8 | +0.019% | $1.0M | $368K | 10x | as long as short |
| Binance PAXGUSDT | +0.0100% | 4h | 4,353.5 | −0.012% | $80.3M | $70.8M | 75x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,355.5 | +0.035% | $15.1M | $3.6M | 75x | as long as short |
| MEXC PAXG_USDTlong | +0.0100% | 4h | 4,354 | long leg | $16.2M | $1.2M | 100x | |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,356.2 | +0.051% | $28.4M | $5.5M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,353.9 | −0.001% | $9.7M | $15.1M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,354.4 | +0.009% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,354.9 | +0.020% | $1.4M | $833K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,351.6 | −0.054% | $12.5M | $104K | — | as long as short |
| ApeX Omni PAXGUSDT | +0.0100% | 1h | 4,351.9 | −0.047% | $263K | $787K | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,353.7 | −0.006% | $559 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,354 | +0.001% | $1.5M | $39K | 50x | as long as short |
| Extended PAXG-USD | +0.0104% | 1h | 4,352.6 | −0.031% | $379K | $1.4M | 25x | as long as short |
| Hibachi PAXG/USDT-P | +0.0128% | 1h | 4,352.2 | −0.040% | $42K | $148K | 20x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,354.2 | +0.005% | $21K | — | 100x | as long as short |
| Kraken Futures PF_PAXGUSD | +0.0208% | 1h | 4,355.2 | +0.028% | $1.3M | $1.4M | 20x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0304% | 1h | 4,356.6 | +0.061% | $973K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0976% | 1h | 4,364 | +0.230% | $29K | $23K | 10x | as long as short |
Aster PAXGUSDT
Pacifica PAXG
Binance PAXGUSDT
Bybit PAXGUSDT
KuCoin PAXGUSDTM
Bitget PAXGUSDT
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
ApeX Omni PAXGUSDT
Orderly PERP_PAXG_USDC_mythos
Phemex PAXGUSDT
Extended PAXG-USD
Hibachi PAXG/USDT-P
Reya PAXGRUSDPERP
Kraken Futures PF_PAXGUSD
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD