Funding you earn now, next payment 08:00 UTC+0.0001%/8h= +0.1% APRpaid last 24h 0.000%
Price spread now: Phemex against Paradex+0.035%7-day average −0.030% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$57as in the Price arb table
costs, in and out, $10k−$630.635% of the position
Funding, last 4 days (all we have)+0.005%+$1 on $10k
+Price spread, last 4 days (all we have)−0.062%−$6 · spread now +0.035%, 7d avg −0.030%
=Together, before fees−0.057%+ Points / potential airdropParadex: Active · farm board−$6 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.064% dearer against Paradex than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.030%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex PAXG-USD-PERP | 4,328.5 | 0.0099 | pay 0.0099% / 8h | 2h 33m | $80K | $3.4M | 50x |
| Short | Phemex PAXGUSDT | 4,330 | 0.0100 | get 0.0050% / 4h | 2h 33m | $1.5M | $33K | 50x |
Paradex PAXG-USD-PERP
Phemex PAXGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Paradex. 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
- $0.24
- Price spread: +0.035% → −0.030%
- $6.45
- Slippage, 4 orders
- −$47.48
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$56.79
- Costs to cover
- 0.635%
- Break-even
- 1675.7 days
Slippage from Paradex: live order book, just now; Phemex: live order book, 4 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 Paradex live order book, just now | 1.59 bp | 3.6 bp −$4 | 108.0 bp −$1,080 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 4 min ago | 5.77 bp | 26.9 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 | |
|---|---|---|---|---|---|---|---|---|
| Hibachi PAXG/USDT-P | −0.0168% | 1h | 4,331.4 | +0.067% | $42K | $162K | 20x | as long as short |
| Lighter PAXG | −0.0112% | 1h | 4,327 | −0.034% | $1.4M | $385K | 25x | as long as short |
| Kraken Futures PF_PAXGUSD | −0.0101% | 1h | 4,329.1 | +0.014% | $1.2M | $1.5M | 20x | as long as short |
| ApeX Omni PAXGUSDT | −0.0022% | 1h | 4,333.1 | +0.107% | $262K | $782K | 50x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,330 | +0.035% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,330.3 | +0.042% | $15.6M | $3.5M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,324.5 | −0.092% | $2K | $3.5M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,332.8 | +0.100% | $7.9M | $843K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,335.7 | +0.167% | $905K | $702K | 75x | as long as short |
| GRVT PAXG_USDT_Perp | +0.0024% | 4h | 4,333.1 | +0.107% | $1.5M | $1.9M | 10x | as long as short |
Hibachi PAXG/USDT-P
Lighter PAXG
Kraken Futures PF_PAXGUSD
ApeX Omni PAXGUSDT
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
GRVT PAXG_USDT_PerpShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.434% | $1K | $151K | 30x | as long as short |
| MEXC PAXG_USDT | +0.0038% | 4h | 4,331.8 | +0.077% | $16.1M | $1.0M | 100x | as long as short |
| Binance PAXGUSDT | +0.0040% | 4h | 4,328 | −0.011% | $79.7M | $71.3M | 75x | as long as short |
| Extended PAXG-USD | +0.0040% | 1h | 4,326.8 | −0.039% | $379K | $1.4M | 25x | as long as short |
| Hyperliquid PAXG | +0.0069% | 1h | 4,328.2 | −0.007% | $20.7M | $2.3M | 10x | as long as short |
| Aster PAXGUSDT | +0.0070% | 4h | 4,330 | +0.035% | $903K | $26K | 50x | as long as short |
| Paradex PAXG-USD-PERPlong | +0.0099% | 8h | 4,328.5 | long leg | $80K | $3.4M | 50x | |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,329 | +0.012% | $555 | — | 10x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,330.5 | +0.046% | $1.0M | $348K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,329.1 | +0.015% | $14.9M | $3.9M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,331.2 | +0.062% | $28.5M | $5.3M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,327.9 | −0.015% | $9.7M | $15.3M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,329 | +0.010% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,328.9 | +0.010% | $1.3M | $798K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,329.7 | +0.027% | $12.3M | $222K | — | as long as short |
| Phemex PAXGUSDTshort | +0.0100% | 4h | 4,330 | +0.035% | $1.5M | $33K | 50x | |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,328.6 | +0.003% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0248% | 1h | 4,331.2 | +0.063% | $953K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0784% | 1h | 4,340 | +0.266% | $29K | $24K | 10x | as long as short |
Injective PAXG/USDC PERP
MEXC PAXG_USDT
Binance PAXGUSDT
Extended PAXG-USD
Hyperliquid PAXG
Aster PAXGUSDT
Orderly PERP_PAXG_USDC_mythos
Pacifica PAXG
Bybit PAXGUSDT
KuCoin PAXGUSDTM
Bitget PAXGUSDT
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD