Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.006%
Price spread now: Aster against Phemex+0.096%7-day average +0.060% · you sell dearer than you buy
Net, funding: paid 7d − costs−$67as in the Funding arb table
Net, price: spread back to 7d avg − costs−$60as in the Price arb table
costs, in and out, $10k−$630.634% of the position
Funding, last 7 days−0.031%−$3 on $10k
+Price spread, last 3 days (all we have)−0.081%−$8 · spread now +0.096%, 7d avg +0.060%
=Together, before fees−0.112%+ Points / potential airdropAster: Stage 5 · farm board−$11 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: Aster is 0.036% dearer against Phemex than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.060%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex PAXGUSDT | 4,333 | 0.0100 | pay 0.0050% / 4h | 2h 30m | $1.5M | $38K | 50x |
| Short | Aster PAXGUSDT | 4,337.1 | 0.0100 | get 0.0050% / 4h | 2h 30m | $906K | $76K | 50x |
Phemex PAXGUSDT
Aster PAXGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Phemex. 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: +0.096% → +0.060%
- $3.6
- Slippage, 4 orders
- −$43.43
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$59.84
- Costs to cover
- 0.634%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 2 min ago; Aster: live order book, 57 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 Phemex live order book, 2 min ago | 5.77 bp | 24.8 bp −$25 | doesn't fit | doesn't fit | doesn't fit |
| Sell Aster live order book, 57 min ago | 0.66 bp | 4.7 bp −$5 | 5.1 bp −$51 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective PAXG/USDC PERP | −0.0101% | 1h | 4,337 | +0.092% | $1K | $121K | 30x | as long as short |
| Hibachi PAXG/USDT-P | −0.0032% | 1h | 4,337.6 | +0.106% | $41K | $156K | 20x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,339.9 | +0.159% | $101K | $18K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,339.6 | +0.152% | $15.7M | $4.2M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,334.3 | +0.030% | $2K | $4.1M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,341.3 | +0.191% | $7.9M | $837K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,342.5 | +0.220% | $907K | $657K | 75x | as long as short |
| Lighter PAXG | +0.0096% | 1h | 4,335.9 | +0.067% | $1.4M | $520K | 25x | as long as short |
| Paradex PAXG-USD-PERP | +0.0100% | 8h | 4,336.7 | +0.085% | $80K | $3.7M | 50x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,337.1 | +0.095% | $20.3M | $1.9M | 10x | as long as short |
Injective PAXG/USDC PERP
Hibachi PAXG/USDT-P
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
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 PAXGUSDTshort | +0.0100% | 4h | 4,337.1 | +0.096% | $906K | $76K | 50x | |
| Pacifica PAXG | +0.0100% | 1h | 4,338.1 | +0.119% | $1.0M | $352K | 10x | as long as short |
| Binance PAXGUSDT | +0.0100% | 4h | 4,336.9 | +0.089% | $79.9M | $70.0M | 75x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,337.3 | +0.099% | $14.8M | $3.7M | 75x | as long as short |
| MEXC PAXG_USDT | +0.0100% | 4h | 4,338.1 | +0.118% | $15.9M | $1.2M | 100x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,339.5 | +0.149% | $26.7M | $5.4M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,338 | +0.115% | $9.2M | $14.2M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,338 | +0.115% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,338.4 | +0.123% | $1.4M | $1.3M | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,336.4 | +0.078% | $12.4M | $114K | — | as long as short |
| GRVT PAXG_USDT_Perp | +0.0100% | 4h | 4,337.1 | +0.094% | $1.5M | $2.1M | 10x | as long as short |
| ApeX Omni PAXGUSDT | +0.0100% | 1h | 4,336.7 | +0.085% | $262K | $796K | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,337.2 | +0.097% | $557 | — | 10x | as long as short |
| Phemex PAXGUSDTlong | +0.0100% | 4h | 4,333 | long leg | $1.5M | $38K | 50x | |
| Extended PAXG-USD | +0.0104% | 1h | 4,336.3 | +0.076% | $377K | $1.2M | 25x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,337.3 | +0.098% | $21K | — | 100x | as long as short |
| Kraken Futures PF_PAXGUSD | +0.0224% | 1h | 4,338.2 | +0.120% | $1.3M | $1.5M | 20x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0320% | 1h | 4,343 | +0.230% | $998K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.1408% | 1h | 4,354.8 | +0.503% | $29K | $21K | 10x | as long as short |
Pacifica PAXG
Binance PAXGUSDT
Bybit PAXGUSDT
MEXC PAXG_USDT
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