Funding you earn now, next payment 05:00 UTC−0.0020%/8h= −2.2% APRpaid last 24h −0.001%
Price spread now: Extended against Phemex+0.014%7-day average +0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs−$62as in the Funding arb table
Net, price: spread back to 7d avg − costs−$57as in the Price arb table
costs, in and out, $10k−$570.573% of the position
Funding, last 7 days−0.051%−$5 on $10k
+Price spread, last 4 days (all we have)−0.063%−$6 · spread now +0.014%, 7d avg +0.006%
=Together, before fees−0.114%+ Points / potential airdropExtended: Active · farm board−$11 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.006%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex PAXGUSDT | 4,332 | 0.0100 | pay 0.0050% / 4h | 3h 53m | $1.5M | $39K | 50x |
| Short | Extended PAXG-USD | 4,332.6 | 0.0080 | get 0.0010% / 1h | 53m 44s | $378K | $1.4M | 25x |
Phemex PAXGUSDT
Extended PAXG-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- −$4.2
- Price spread: +0.014% → +0.006%
- $0.82
- Slippage, 4 orders
- −$40.32
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$60.71
- Costs to cover
- 0.573%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 4 min ago; Extended: 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 Phemex live order book, 4 min ago | 5.77 bp | 27.6 bp −$28 | doesn't fit | doesn't fit | doesn't fit |
| Sell Extended live order book, 5 min ago | 0.12 bp | 2.7 bp −$3 | 4.1 bp −$41 | 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 | |
|---|---|---|---|---|---|---|---|---|
| GRVT PAXG_USDT_Perp | −0.0296% | 4h | 4,334.9 | +0.066% | $1.5M | $1.9M | 10x | as long as short |
| ApeX Omni PAXGUSDT | −0.0248% | 1h | 4,334.4 | +0.055% | $262K | $788K | 50x | as long as short |
| Lighter PAXG | −0.0176% | 1h | 4,332 | 0.000% | $1.4M | $362K | 25x | as long as short |
| Hibachi PAXG/USDT-P | −0.0144% | 1h | 4,333.6 | +0.038% | $42K | $155K | 20x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,334.8 | +0.064% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,336.2 | +0.097% | $15.6M | $3.3M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,328.8 | −0.074% | $2K | $3.6M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,337.6 | +0.130% | $7.9M | $868K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,342.1 | +0.233% | $904K | $684K | 75x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.353% | $1K | $151K | 30x | as long as short |
GRVT PAXG_USDT_Perp
ApeX Omni PAXGUSDT
Lighter PAXG
Hibachi PAXG/USDT-P
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Injective PAXG/USDC PERPShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_PAXGUSD | +0.0065% | 1h | 4,334.4 | +0.055% | $1.3M | $1.4M | 20x | as long as short |
| Binance PAXGUSDT | +0.0078% | 4h | 4,333.2 | +0.028% | $79.9M | $71.1M | 75x | as long as short |
| Extended PAXG-USDshort | +0.0080% | 1h | 4,332.6 | +0.014% | $378K | $1.4M | 25x | |
| MEXC PAXG_USDT | +0.0084% | 4h | 4,337.4 | +0.124% | $16.1M | $1.0M | 100x | as long as short |
| Paradex PAXG-USD-PERP | +0.0100% | 8h | 4,334.4 | +0.056% | $81K | $3.7M | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,334.6 | +0.060% | $556 | — | 10x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,333.7 | +0.039% | $20.7M | $2.3M | 10x | as long as short |
| Aster PAXGUSDT | +0.0100% | 4h | 4,333.3 | +0.030% | $904K | $27K | 50x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,336.3 | +0.098% | $1.0M | $338K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,333.9 | +0.044% | $14.9M | $3.9M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,337.3 | +0.122% | $28.6M | $5.3M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,334.4 | +0.054% | $9.7M | $15.1M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,334.4 | +0.054% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,334.7 | +0.063% | $1.3M | $801K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,334.1 | +0.048% | $12.3M | $227K | — | as long as short |
| Phemex PAXGUSDTlong | +0.0100% | 4h | 4,332 | long leg | $1.5M | $39K | 50x | |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,333.6 | +0.036% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0296% | 1h | 4,341 | +0.208% | $988K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0992% | 1h | 4,344.8 | +0.295% | $29K | $23K | 10x | as long as short |
Kraken Futures PF_PAXGUSD
Binance PAXGUSDT
MEXC PAXG_USDT
Paradex PAXG-USD-PERP
Orderly PERP_PAXG_USDC_mythos
Hyperliquid PAXG
Aster PAXGUSDT
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