Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%
Price spread now: Gate against Phemex+0.124%7-day average +0.110% · you sell dearer than you buy
Net, funding: paid 7d − costs−$93as in the Funding arb table
Net, price: spread back to 7d avg − costs−$75as in the Price arb table
costs, in and out, $10k−$760.764% of the position
Funding, last 7 days−0.169%−$17 on $10k
+Price spread, last 3 days (all we have)−0.036%−$4 · spread now +0.124%, 7d avg +0.110%
=The price spread sits at its 7-day average of +0.110%, so right now this pair is about funding alone: −$3 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 | 4,359 | 0.0100 | pay 0.0050% / 4h | 1m 51s | $1.5M | $38K | 50x |
| Short | Gate PAXG_USDT | 4,364.4 | 0 | get 0.0000% / 8h | 1m 51s | $15.8M | $3.7M | 100x |
Phemex PAXGUSDT
Gate PAXG_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$21
- Price spread: +0.124% → +0.110%
- $1.37
- Slippage, 4 orders
- −$49.42
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$96.05
- Costs to cover
- 0.764%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 1 min ago; Gate: live order book, 2 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, 1 min ago | 3.44 bp | 26.9 bp −$27 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 2 min ago | 0.80 bp | 11.0 bp −$11 | 13.8 bp −$138 | 25.8 bp −$2,581 | 59.8 bp −$29.9K |
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 | −0.0007% | 1h | 4,347.3 | −0.268% | $1K | $151K | 30x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,362.4 | +0.078% | $102K | $12K | 5x | as long as short |
| Gate PAXG_USDTshort | 0.0000% | 8h | 4,364.4 | +0.124% | $15.8M | $3.7M | 100x | |
| SunX PAXG-USDT | 0.0000% | 4h | 4,357.9 | −0.025% | $2K | $3.9M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,365.1 | +0.140% | $7.9M | $866K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,365.2 | +0.141% | $910K | $651K | 75x | as long as short |
| Lighter PAXG | +0.0096% | 1h | 4,360.9 | +0.044% | $1.4M | $272K | 25x | as long as short |
| Paradex PAXG-USD-PERP | +0.0100% | 8h | 4,361.4 | +0.056% | $81K | $3.7M | 50x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,361.7 | +0.062% | $20.5M | $1.9M | 10x | as long as short |
| Aster PAXGUSDT | +0.0100% | 4h | 4,364.4 | +0.125% | $910K | $30K | 50x | as long as short |
Injective PAXG/USDC PERP
dYdX PAXG-USD
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Lighter PAXG
Paradex PAXG-USD-PERP
Hyperliquid PAXG
Aster PAXGUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica PAXG | +0.0100% | 1h | 4,362.5 | +0.081% | $1.0M | $363K | 10x | as long as short |
| Binance PAXGUSDT | +0.0100% | 4h | 4,363.8 | +0.110% | $80.1M | $69.9M | 75x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,364.8 | +0.132% | $15.2M | $3.6M | 75x | as long as short |
| MEXC PAXG_USDT | +0.0100% | 4h | 4,361.4 | +0.055% | $16.2M | $1.2M | 100x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,365.9 | +0.158% | $28.5M | $5.6M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,365 | +0.138% | $9.6M | $15.0M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,364.2 | +0.120% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,362.9 | +0.090% | $1.4M | $972K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,362.5 | +0.079% | $12.5M | $104K | — | as long as short |
| GRVT PAXG_USDT_Perp | +0.0100% | 4h | 4,361.4 | +0.056% | $1.5M | $2.1M | 10x | as long as short |
| ApeX Omni PAXGUSDT | +0.0100% | 1h | 4,360.9 | +0.044% | $264K | $794K | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,361.7 | +0.062% | $560 | — | 10x | as long as short |
| Phemex PAXGUSDTlong | +0.0100% | 4h | 4,359 | long leg | $1.5M | $38K | 50x | |
| Extended PAXG-USD | +0.0104% | 1h | 4,362.9 | +0.090% | $379K | $1.2M | 25x | as long as short |
| Hibachi PAXG/USDT-P | +0.0152% | 1h | 4,362.4 | +0.078% | $42K | $149K | 20x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,362.9 | +0.090% | $21K | — | 100x | as long as short |
| Kraken Futures PF_PAXGUSD | +0.0285% | 1h | 4,362.8 | +0.088% | $1.3M | $1.5M | 20x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0296% | 1h | 4,367.6 | +0.198% | $976K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0960% | 1h | 4,373 | +0.321% | $29K | $23K | 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
Hibachi PAXG/USDT-P
Reya PAXGRUSDPERP
Kraken Futures PF_PAXGUSD
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD