Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.003%
Price spread now: Phemex against MEXC+0.064%7-day average −0.177% · you sell dearer than you buy
Net, funding: paid 7d − costs−$60as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$650.654% of the position
Funding, last 7 days+0.058%+$6 on $10k
+Price spread, last 3 days (all we have)−0.201%−$20 · spread now +0.064%, 7d avg −0.177%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.241% dearer against MEXC than usual: you sell high and buy low, +$24 on $10k if it goes back to its 7-day average of −0.177%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC PAXG_USDT | 4,351.2 | 0.0100 | pay 0.0050% / 4h | 2h 48m | $16.2M | $1.1M | 100x |
| Short | Phemex PAXGUSDT | 4,354 | 0.0100 | get 0.0050% / 4h | 2h 48m | $1.5M | $39K | 50x |
MEXC PAXG_USDT
Phemex PAXGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- $0
- Price spread: +0.064% → −0.177%
- $24.11
- Slippage, 4 orders
- −$49.39
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$41.28
- Costs to cover
- 0.654%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 6 min ago; Phemex: 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, 6 min ago | 1.42 bp | 4.3 bp −$4 | 24.3 bp −$243 | 59.6 bp −$5,958 | 126.6 bp −$63.3K |
| Sell Phemex live order book, 5 min ago | 6.89 bp | 27.4 bp −$27 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX PAXG-USD | 0.0000% | 1h | 4,358.1 | +0.159% | $102K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,355.5 | +0.098% | $15.7M | $3.5M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,349.2 | −0.046% | $2K | $3.8M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,355.9 | +0.108% | $7.9M | $873K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,358.9 | +0.175% | $907K | $631K | 75x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | −0.090% | $1K | $151K | 30x | as long as short |
| Hibachi PAXG/USDT-P | +0.0072% | 1h | 4,356 | +0.109% | $42K | $160K | 20x | as long as short |
| Lighter PAXG | +0.0096% | 1h | 4,352.1 | +0.020% | $1.4M | $277K | 25x | as long as short |
| Paradex PAXG-USD-PERP | +0.0100% | 8h | 4,354.7 | +0.081% | $80K | $3.7M | 50x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,352.9 | +0.038% | $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
Hibachi PAXG/USDT-P
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 | 4,353.9 | +0.060% | $908K | $29K | 50x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,357.7 | +0.148% | $1.0M | $367K | 10x | as long as short |
| Binance PAXGUSDT | +0.0100% | 4h | 4,351.6 | +0.009% | $80.3M | $71.0M | 75x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,352.9 | +0.039% | $15.2M | $3.6M | 75x | as long as short |
| MEXC PAXG_USDTlong | +0.0100% | 4h | 4,351.2 | long leg | $16.2M | $1.1M | 100x | |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,353.9 | +0.061% | $28.4M | $5.4M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,351.8 | +0.013% | $9.7M | $15.1M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,353.3 | +0.048% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,353.5 | +0.053% | $1.4M | $806K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,358.7 | +0.171% | $12.5M | $104K | — | as long as short |
| GRVT PAXG_USDT_Perp | +0.0100% | 4h | 4,357.5 | +0.145% | $1.5M | $2.0M | 10x | as long as short |
| ApeX Omni PAXGUSDT | +0.0100% | 1h | 4,357 | +0.134% | $264K | $785K | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,353.2 | +0.045% | $559 | — | 10x | as long as short |
| Phemex PAXGUSDTshort | +0.0100% | 4h | 4,354 | +0.064% | $1.5M | $39K | 50x | |
| Extended PAXG-USD | +0.0104% | 1h | 4,350.6 | −0.015% | $379K | $1.4M | 25x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,352.7 | +0.034% | $21K | — | 100x | as long as short |
| Kraken Futures PF_PAXGUSD | +0.0247% | 1h | 4,353.2 | +0.045% | $1.3M | $1.4M | 20x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0312% | 1h | 4,359.1 | +0.182% | $973K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.1016% | 1h | 4,366.3 | +0.346% | $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
GRVT PAXG_USDT_Perp
ApeX Omni PAXGUSDT
Orderly PERP_PAXG_USDC_mythos
Extended PAXG-USD
Reya PAXGRUSDPERP
Kraken Futures PF_PAXGUSD
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD