Funding you earn now, next payment 05:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h −0.038%
Price spread now: dYdX against Pacifica+0.021%7-day average −0.016% · you sell dearer than you buy
Net, funding: paid 7d − costs−$65as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$400.398% of the position
Funding, last 7 days−0.252%−$25 on $10k
+Price spread, last 4 days (all we have)−0.026%−$3 · spread now +0.021%, 7d avg −0.016%
=Together, before fees−0.278%+ Points / potential airdropPacifica: Active · farm board−$28 on $10k · with fees, hour by hour
The price spread pays, funding is against you. dYdX is 0.037% dearer against Pacifica than usual: you sell high and buy low (spread +0.021% now, against its 7-day average of −0.016%): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 30 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica PAXG | 4,337.4 | 0.0100 | pay 0.0013% / 1h | 57m 44s | $1.0M | $338K | 10x |
| Short | dYdX PAXG-USD | 4,338.4 | 0 | get 0.0000% / 1h | 57m 44s | $101K | $12K | 5x |
Pacifica PAXG
dYdX PAXG-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX against Pacifica. 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
- −$21
- Price spread: +0.021% → −0.016%
- $3.69
- Slippage, 4 orders
- −$21.79
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$57.1
- Costs to cover
- 0.398%
- Break-even
- never at this rate
Slippage from Pacifica: live order book, 1 min ago; dYdX: live order book, 61 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 Pacifica live order book, 1 min ago | 0.12 bp | 4.7 bp −$5 | doesn't fit | doesn't fit | doesn't fit |
| Sell dYdX live order book, 61 min ago | 10.37 bp | 15.4 bp −$15 | 33.1 bp −$331 | 174.4 bp −$17.4K | 1084.2 bp −$542.1K |
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 | 4,334 | −0.079% | $1.4M | $359K | 25x | as long as short |
| Hibachi PAXG/USDT-P | −0.0136% | 1h | 4,338.8 | +0.031% | $42K | $155K | 20x | as long as short |
| dYdX PAXG-USDshort | 0.0000% | 1h | 4,338.4 | +0.021% | $101K | $12K | 5x | |
| Gate PAXG_USDT | 0.0000% | 8h | 4,338.5 | +0.025% | $15.6M | $3.3M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,331.6 | −0.134% | $2K | $3.6M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,340.5 | +0.071% | $7.9M | $868K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,342 | +0.105% | $903K | $684K | 75x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.227% | $1K | $151K | 30x | as long as short |
| GRVT PAXG_USDT_Perp | +0.0038% | 4h | 4,339.1 | +0.038% | $1.5M | $1.9M | 10x | as long as short |
| ApeX Omni PAXGUSDT | +0.0043% | 1h | 4,337 | −0.009% | $262K | $787K | 50x | as long as short |
Lighter PAXG
Hibachi PAXG/USDT-P
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Injective PAXG/USDC PERP
GRVT PAXG_USDT_Perp
ApeX Omni PAXGUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_PAXGUSD | +0.0065% | 1h | 4,337.5 | +0.002% | $1.3M | $1.4M | 20x | as long as short |
| Binance PAXGUSDT | +0.0089% | 4h | 4,334.7 | −0.064% | $80.0M | $71.0M | 75x | as long as short |
| MEXC PAXG_USDT | +0.0094% | 4h | 4,337.5 | +0.001% | $16.1M | $1.0M | 100x | as long as short |
| Extended PAXG-USD | +0.0096% | 1h | 4,334.7 | −0.062% | $378K | $1.4M | 25x | as long as short |
| Paradex PAXG-USD-PERP | +0.0100% | 8h | 4,335.4 | −0.048% | $81K | $3.7M | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,337.7 | +0.006% | $557 | — | 10x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,335.9 | −0.036% | $20.7M | $2.4M | 10x | as long as short |
| Aster PAXGUSDT | +0.0100% | 4h | 4,336.4 | −0.023% | $905K | $26K | 50x | as long as short |
| Pacifica PAXGlong | +0.0100% | 1h | 4,337.4 | long leg | $1.0M | $338K | 10x | |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,335.6 | −0.042% | $14.8M | $3.8M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,338.1 | +0.015% | $28.6M | $5.3M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,335.1 | −0.053% | $9.7M | $15.0M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,335.8 | −0.038% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,337 | −0.010% | $1.3M | $800K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,339.2 | +0.041% | $12.3M | $227K | — | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,333 | −0.102% | $1.5M | $40K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,336.8 | −0.015% | $21K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0296% | 1h | 4,341 | +0.082% | $988K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.1000% | 1h | 4,348.9 | +0.264% | $29K | $23K | 10x | as long as short |
Kraken Futures PF_PAXGUSD
Binance PAXGUSDT
MEXC PAXG_USDT
Extended PAXG-USD
Paradex PAXG-USD-PERP
Orderly PERP_PAXG_USDC_mythos
Hyperliquid PAXG
Aster PAXGUSDT
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