Funding you earn now, next payment 12:00 UTC−0.0012%/8h= −1.3% APRnext payment −$0.06 per $10,000 · paid last 24h −0.026%
Price spread now: HTX against MEXC−0.066%7-day average +0.025% · you buy dearer than you sell
Net, funding: paid 7d − costs−$46as in the Funding arb table
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$440.437% of the position
Funding, last 7 days−0.027%−$3 on $10k
+Price spread, last 4 days (all we have)+0.236%+$24 · spread now −0.066%, 7d avg +0.025%
=Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and HTX is 0.091% cheaper against MEXC than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.025%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC PAXG_USDT | 4,305.8 | 0.0012 | pay 0.0006% / 4h | 3h 28m | $16.7M | $1.2M | 100x |
| Short | HTX PAXG-USDT | 4,303 | 0 | get 0.0000% / 4h | 3h 28m | $904K | $822K | 75x |
MEXC PAXG_USDT
HTX PAXG-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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
- −$2.52
- Price spread: −0.066% → +0.025%
- −$9.06
- Slippage, 4 orders
- −$27.66
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$55.24
- Costs to cover
- 0.437%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 5 min ago; HTX: 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 MEXC live order book, 5 min ago | 0.36 bp | 3.0 bp −$3 | 11.6 bp −$116 | 57.6 bp −$5,765 | 124.4 bp −$62.2K |
| Sell HTX live order book, 5 min ago | 1.00 bp | 17.8 bp −$18 | 21.2 bp −$212 | 24.5 bp −$2,448 | 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 | −0.0184% | 1h | 4,294.5 | −0.262% | $1.4M | $620K | 25x | as long as short |
| Hibachi PAXG/USDT-P | −0.0176% | 1h | 4,299.4 | −0.149% | $42K | $175K | 20x | as long as short |
| GRVT PAXG_USDT_Perp | −0.0122% | 4h | 4,302.6 | −0.073% | $1.5M | $1.9M | 10x | as long as short |
| Kraken Futures PF_PAXGUSD | −0.0097% | 1h | 4,296.3 | −0.220% | $1.2M | $1.8M | 20x | as long as short |
| dYdX PAXG-USD | −0.0011% | 1h | 4,302.6 | −0.075% | $100K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,298.3 | −0.174% | $15.6M | $3.9M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,291.3 | −0.336% | $2K | $3.2M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,300.9 | −0.114% | $7.9M | $600K | 50x | as long as short |
| HTX PAXG-USDTshort | 0.0000% | 4h | 4,303 | −0.066% | $904K | $822K | 75x | |
| MEXC PAXG_USDTlong | +0.0012% | 4h | 4,305.8 | long leg | $16.7M | $1.2M | 100x |
Lighter PAXG
Hibachi PAXG/USDT-P
GRVT PAXG_USDT_Perp
Kraken Futures PF_PAXGUSD
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUALShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance PAXGUSDT | +0.0012% | 4h | 4,295.8 | −0.231% | $80.0M | $80.6M | 75x | as long as short |
| Extended PAXG-USD | +0.0016% | 1h | 4,294.2 | −0.268% | $373K | $1.5M | 25x | as long as short |
| Bitget PAXGUSDT | +0.0026% | 4h | 4,295.7 | −0.235% | $9.7M | $16.0M | 50x | as long as short |
| Aster PAXGUSDT | +0.0027% | 4h | 4,298.5 | −0.168% | $898K | $37K | 50x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.964% | $1K | $151K | 30x | as long as short |
| ApeX Omni PAXGUSDT | +0.0074% | 1h | 4,302.6 | −0.074% | $261K | $772K | 50x | as long as short |
| Paradex PAXG-USD-PERP | +0.0094% | 8h | 4,297.5 | −0.191% | $81K | $4.4M | 50x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,295.3 | −0.243% | $21.0M | $2.6M | 10x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,298.8 | −0.162% | $1.0M | $303K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,295.8 | −0.232% | $14.8M | $4.4M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,298.2 | −0.176% | $28.6M | $5.4M | 30x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,296.8 | −0.208% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,299.4 | −0.148% | $1.2M | $859K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,301.7 | −0.094% | $12.2M | $230K | — | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,295.9 | −0.229% | $551 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,297 | −0.204% | $1.5M | $68K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,294.8 | −0.255% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0232% | 1h | 4,300 | −0.134% | $932K | $1.0M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0840% | 1h | 4,307.2 | +0.033% | $29K | $23K | 10x | as long as short |
Binance PAXGUSDT
Extended PAXG-USD
Bitget PAXGUSDT
Aster PAXGUSDT
Injective PAXG/USDC PERP
ApeX Omni PAXGUSDT
Paradex PAXG-USD-PERP
Hyperliquid PAXG
Pacifica PAXG
Bybit PAXGUSDT
KuCoin PAXGUSDTM
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
Orderly PERP_PAXG_USDC_mythos
Phemex PAXGUSDT
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD