Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.001%
Price spread now: Orderly against Phemex−0.037%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Orderly is 0.037% cheaper against Phemex than usual: you would sell low and buy high, −$4 on $10k if it goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex PAXGUSDT | 4,319 | 0.0100 | pay 0.0050% / 4h | 50m 38s | $1.5M | $82K | 50x |
| Short | Orderly PERP_PAXG_USDC_mythos | 4,317.4 | 0.0100 | get 0.0050% / 4h | 50m 38s | $554 | — | 10x |
Phemex PAXGUSDT
Orderly PERP_PAXG_USDC_mythosFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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: −0.037% → 0.000%
- −$3.7
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$21.7
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Phemex: live order book, 5 min ago; Orderly: no order-book sample. Net counts fees only.
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, 5 min ago | 1.16 bp | 22.1 bp −$22 | doesn't fit | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter PAXG | −0.0048% | 1h | 4,314.5 | −0.103% | $1.4M | $495K | 25x | as long as short |
| dYdX PAXG-USD | −0.0003% | 1h | 4,316.5 | −0.057% | $116K | $16K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,318.8 | −0.005% | $15.6M | $3.9M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,313.1 | −0.138% | $2K | $2.6M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,321 | +0.045% | $7.9M | $203K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,319.9 | +0.022% | $910K | $825K | 75x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.655% | $1K | $151K | 30x | as long as short |
| ApeX Omni PAXGUSDT | +0.0047% | 1h | 4,318.9 | −0.001% | $261K | $798K | 50x | as long as short |
| Paradex PAXG-USD-PERP | +0.0099% | 8h | 4,314.5 | −0.103% | $80K | $4.2M | 50x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,316.2 | −0.065% | $21.3M | $2.5M | 10x | as long as short |
Lighter PAXG
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Injective PAXG/USDC PERP
ApeX Omni PAXGUSDT
Paradex PAXG-USD-PERP
Hyperliquid PAXGShow all 29 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster PAXGUSDT | +0.0100% | 4h | 4,318.8 | −0.004% | $902K | $42K | 50x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,317.4 | −0.037% | $1.0M | $330K | 10x | as long as short |
| Binance PAXGUSDT | +0.0100% | 4h | 4,317.6 | −0.032% | $80.2M | $80.0M | 75x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,316.9 | −0.048% | $14.8M | $4.8M | 75x | as long as short |
| MEXC PAXG_USDT | +0.0100% | 4h | 4,325.3 | +0.147% | $16.5M | $1.2M | 100x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,318.7 | −0.008% | $28.8M | $6.0M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,316.5 | −0.058% | $9.2M | $16.7M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,318.2 | −0.018% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,318.1 | −0.022% | $1.2M | $859K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,315.9 | −0.072% | $12.2M | $278K | — | as long as short |
| GRVT PAXG_USDT_Perp | +0.0100% | 4h | 4,319.8 | +0.018% | $1.5M | $2.0M | 10x | as long as short |
| Orderly PERP_PAXG_USDC_mythosshort | +0.0100% | 4h | 4,317.4 | −0.037% | $554 | — | 10x | |
| Phemex PAXGUSDTlong | +0.0100% | 4h | 4,319 | long leg | $1.5M | $82K | 50x | |
| Extended PAXG-USD | +0.0104% | 1h | 4,315 | −0.092% | $374K | $1.9M | 25x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,317.3 | −0.040% | $20K | — | 100x | as long as short |
| Hibachi PAXG/USDT-P | +0.0192% | 1h | 4,319 | 0.000% | $45K | $178K | 20x | as long as short |
| Kraken Futures PF_PAXGUSD | +0.0263% | 1h | 4,317.9 | −0.024% | $1.2M | $2.1M | 20x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0280% | 1h | 4,331.7 | +0.294% | $933K | $1.0M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0976% | 1h | 4,327.5 | +0.197% | $29K | $23K | 10x | as long as short |
Aster PAXGUSDT
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
Extended PAXG-USD
Reya PAXGRUSDPERP
Hibachi PAXG/USDT-P
Kraken Futures PF_PAXGUSD
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD