Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: BingX against Phemex+0.091%7-day average +0.068% · 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−$65as in the Price arb table
costs, in and out, $10k−$670.670% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)−0.125%−$13 · spread now +0.091%, 7d avg +0.068%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.023% dearer against Phemex than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.068%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex PAXGUSDT | 4,339 | 0.0100 | pay 0.0050% / 4h | 1h 37m | $1.5M | $39K | 50x |
| Short | BingX PAXG-USDT | 4,343 | 0.0100 | get 0.0050% / 4h | 1h 37m | — | $6.8M | — |
Phemex PAXGUSDT
BingX PAXG-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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: +0.091% → +0.068%
- $2.32
- Slippage, 4 orders
- −$45.04
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$64.72
- Costs to cover
- 0.670%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 1 min ago; BingX: live order book, just now.
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, 1 min ago | 5.76 bp | 30.9 bp −$31 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, just now | 0.15 bp | 5.2 bp −$5 | 5.4 bp −$54 | 8.7 bp −$874 | 24.5 bp −$12.2K |
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 | 4,340.8 | +0.041% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,344 | +0.115% | $15.6M | $3.5M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,337.9 | −0.026% | $2K | $3.7M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,345.6 | +0.151% | $7.9M | $868K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,346.9 | +0.183% | $904K | $656K | 75x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.191% | $1K | $151K | 30x | as long as short |
| GRVT PAXG_USDT_Perp | +0.0048% | 4h | 4,341.5 | +0.058% | $1.5M | $1.9M | 10x | as long as short |
| Hibachi PAXG/USDT-P | +0.0048% | 1h | 4,342.1 | +0.072% | $42K | $154K | 20x | as long as short |
| ApeX Omni PAXGUSDT | +0.0066% | 1h | 4,340.7 | +0.039% | $263K | $789K | 50x | as long as short |
| Lighter PAXG | +0.0096% | 1h | 4,341.4 | +0.054% | $1.4M | $340K | 25x | as long as short |
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Injective PAXG/USDC PERP
GRVT PAXG_USDT_Perp
Hibachi PAXG/USDT-P
ApeX Omni PAXGUSDT
Lighter PAXGShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex PAXG-USD-PERP | +0.0100% | 8h | 4,340.7 | +0.040% | $80K | $3.7M | 50x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,343.4 | +0.101% | $20.8M | $2.3M | 10x | as long as short |
| Aster PAXGUSDT | +0.0100% | 4h | 4,342.1 | +0.073% | $906K | $30K | 50x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,342.2 | +0.074% | $1.0M | $340K | 10x | as long as short |
| Binance PAXGUSDT | +0.0100% | 4h | 4,342.8 | +0.087% | $80.1M | $70.6M | 75x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,343.3 | +0.099% | $15.0M | $3.8M | 75x | as long as short |
| MEXC PAXG_USDT | +0.0100% | 4h | 4,342.4 | +0.078% | $16.1M | $1.1M | 100x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,345 | +0.138% | $28.6M | $5.3M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,343.2 | +0.097% | $9.6M | $14.9M | 50x | as long as short |
| BingX PAXG-USDTshort | +0.0100% | 4h | 4,343 | +0.091% | — | $6.8M | — | |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,343.8 | +0.112% | $1.3M | $802K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,338.4 | −0.014% | $12.4M | $104K | — | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,340.5 | +0.035% | $557 | — | 10x | as long as short |
| Phemex PAXGUSDTlong | +0.0100% | 4h | 4,339 | long leg | $1.5M | $39K | 50x | |
| Extended PAXG-USD | +0.0104% | 1h | 4,340.9 | +0.044% | $382K | $1.4M | 25x | as long as short |
| Kraken Futures PF_PAXGUSD | +0.0173% | 1h | 4,343.6 | +0.105% | $1.3M | $1.4M | 20x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,342.6 | +0.082% | $21K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0320% | 1h | 4,349.7 | +0.246% | $971K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.1000% | 1h | 4,351.8 | +0.295% | $29K | $23K | 10x | as long as short |
Paradex PAXG-USD-PERP
Hyperliquid PAXG
Aster PAXGUSDT
Pacifica PAXG
Binance PAXGUSDT
Bybit PAXGUSDT
MEXC PAXG_USDT
KuCoin PAXGUSDTM
Bitget PAXGUSDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
Orderly PERP_PAXG_USDC_mythos
Extended PAXG-USD
Kraken Futures PF_PAXGUSD
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD