Funding you earn now, next payment 12:00 UTC−0.0024%/8h= −2.6% APRnext payment −$0.12 per $10,000 · paid last 24h −0.004%
Price spread now: MEXC against Phemex+0.153%7-day average +0.174% · 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−$63as in the Price arb table
costs, in and out, $10k−$610.608% of the position
Funding, last 7 days−0.062%−$6 on $10k
+Price spread, last 4 days (all we have)−0.049%−$5 · spread now +0.153%, 7d avg +0.174%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and MEXC is 0.020% cheaper against Phemex than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.174%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex PAXGUSDT | 4,315 | 0.0100 | pay 0.0050% / 4h | 2h 18m | $1.5M | $81K | 50x |
| Short | MEXC PAXG_USDT | 4,321.6 | 0.0076 | get 0.0038% / 4h | 2h 18m | $16.6M | $1.3M | 100x |
Phemex PAXGUSDT
MEXC PAXG_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$5.04
- Price spread: +0.153% → +0.174%
- −$2.05
- Slippage, 4 orders
- −$44.78
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$67.87
- Costs to cover
- 0.608%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 3 min ago; MEXC: 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 Phemex live order book, 3 min ago | 5.80 bp | 26.8 bp −$27 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 4 min ago | 1.94 bp | 4.6 bp −$5 | 15.8 bp −$158 | 50.5 bp −$5,046 | 95.3 bp −$47.6K |
PAXG on 29 exchanges
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 | −0.0012% | 1h | 4,313.5 | −0.035% | $115K | $15K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,318.7 | +0.086% | $15.6M | $4.0M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,312.6 | −0.055% | $2K | $2.9M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,320.3 | +0.123% | $7.9M | $211K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,318.9 | +0.090% | $908K | $809K | 75x | as long as short |
| Lighter PAXG | +0.0024% | 1h | 4,315.4 | +0.010% | $1.4M | $501K | 25x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.749% | $1K | $151K | 30x | as long as short |
| GRVT PAXG_USDT_Perp | +0.0064% | 4h | 4,314 | −0.023% | $1.5M | $1.9M | 10x | as long as short |
| MEXC PAXG_USDTshort | +0.0076% | 4h | 4,321.6 | +0.153% | $16.6M | $1.3M | 100x | |
| Bitget PAXGUSDT | +0.0076% | 4h | 4,318.1 | +0.072% | $9.2M | $16.7M | 50x | as long as short |
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Lighter PAXG
Injective PAXG/USDC PERP
GRVT PAXG_USDT_Perp
Bitget PAXGUSDTShow all 29 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance PAXGUSDT | +0.0079% | 4h | 4,317.2 | +0.051% | $80.1M | $80.1M | 75x | as long as short |
| Extended PAXG-USD | +0.0080% | 1h | 4,314.8 | −0.005% | $374K | $1.5M | 25x | as long as short |
| Kraken Futures PF_PAXGUSD | +0.0085% | 1h | 4,318.4 | +0.079% | $1.2M | $2.1M | 20x | as long as short |
| Aster PAXGUSDT | +0.0096% | 4h | 4,317.4 | +0.056% | $904K | $41K | 50x | as long as short |
| Paradex PAXG-USD-PERP | +0.0098% | 8h | 4,314.2 | −0.019% | $80K | $4.3M | 50x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,316.5 | +0.035% | $21.2M | $2.5M | 10x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,317 | +0.047% | $1.0M | $314K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,317.6 | +0.061% | $14.9M | $4.7M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,319.6 | +0.105% | $28.8M | $5.7M | 30x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,318.7 | +0.086% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,316.9 | +0.043% | $1.2M | $866K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,314.3 | −0.017% | $12.2M | $298K | — | as long as short |
| ApeX Omni PAXGUSDT | +0.0100% | 1h | 4,314.8 | −0.004% | $261K | $801K | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,316 | +0.023% | $554 | — | 10x | as long as short |
| Phemex PAXGUSDTlong | +0.0100% | 4h | 4,315 | long leg | $1.5M | $81K | 50x | |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,314.7 | −0.006% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0232% | 1h | 4,324.2 | +0.212% | $932K | $1.0M | 50x | as long as short |
| Hibachi PAXG/USDT-P | +0.0312% | 1h | 4,316.5 | +0.035% | $43K | $181K | 20x | as long as short |
| 01 Exchange PAXGUSD | +0.1072% | 1h | 4,325.9 | +0.253% | $29K | $24K | 10x | as long as short |
Binance PAXGUSDT
Extended PAXG-USD
Kraken Futures PF_PAXGUSD
Aster PAXGUSDT
Paradex PAXG-USD-PERP
Hyperliquid PAXG
Pacifica PAXG
Bybit PAXGUSDT
KuCoin PAXGUSDTM
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
ApeX Omni PAXGUSDT
Orderly PERP_PAXG_USDC_mythos
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
Hibachi PAXG/USDT-P
01 Exchange PAXGUSD