Funding you earn now, next payment 00:00 UTC−0.0089%/8h= −9.8% APRpaid last 24h −0.027%
Price spread now: Phemex against Reya−0.032%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Phemex is 0.032% cheaper against Reya than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya PAXGRUSDPERP | 4,359.4 | 0.0189 | pay 0.0024% / 1h | 22m 03s | $21K | — | 100x |
| Short | Phemex PAXGUSDT | 4,358 | 0.0100 | get 0.0050% / 4h | 22m 03s | $1.5M | $38K | 50x |
Reya PAXGRUSDPERP
Phemex PAXGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Reya. 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
- −$18.79
- Price spread: −0.032% → 0.000%
- −$3.16
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$39.95
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Reya: no order-book sample; Phemex: live order book, 1 min ago. 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 Reya no order-book sample | — | — | — | — | — |
| Sell Phemex live order book, 1 min ago | 6.89 bp | 28.2 bp −$28 | doesn't fit | doesn't fit | doesn't fit |
Reya: 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 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 | −0.277% | $1K | $151K | 30x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,358.3 | −0.024% | $102K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,361 | +0.037% | $15.8M | $3.6M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,357 | −0.054% | $2K | $3.9M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,363.8 | +0.102% | $7.9M | $866K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,362.2 | +0.064% | $910K | $646K | 75x | as long as short |
| Lighter PAXG | +0.0096% | 1h | 4,359.1 | −0.008% | $1.4M | $270K | 25x | as long as short |
| Paradex PAXG-USD-PERP | +0.0100% | 8h | 4,358.5 | −0.021% | $81K | $3.7M | 50x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,360 | +0.014% | $20.5M | $1.9M | 10x | as long as short |
| Aster PAXGUSDT | +0.0100% | 4h | 4,359.9 | +0.013% | $909K | $30K | 50x | as long as short |
Injective PAXG/USDC PERP
dYdX PAXG-USD
Gate PAXG_USDT
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 | 4,358.6 | −0.017% | $1.0M | $339K | 10x | as long as short |
| Binance PAXGUSDT | +0.0100% | 4h | 4,360.5 | +0.025% | $80.1M | $69.3M | 75x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,361.1 | +0.040% | $15.2M | $3.6M | 75x | as long as short |
| MEXC PAXG_USDT | +0.0100% | 4h | 4,358.4 | −0.023% | $16.1M | $1.2M | 100x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,361.7 | +0.054% | $27.3M | $5.4M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,361.2 | +0.043% | $9.9M | $14.4M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,360.6 | +0.028% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,361.2 | +0.041% | $1.4M | $972K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,355.4 | −0.090% | $12.5M | $102K | — | as long as short |
| GRVT PAXG_USDT_Perp | +0.0100% | 4h | 4,355.2 | −0.095% | $1.5M | $2.0M | 10x | as long as short |
| ApeX Omni PAXGUSDT | +0.0100% | 1h | 4,354.9 | −0.102% | $263K | $796K | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,358.5 | −0.020% | $559 | — | 10x | as long as short |
| Phemex PAXGUSDTshort | +0.0100% | 4h | 4,358 | −0.032% | $1.5M | $38K | 50x | |
| Extended PAXG-USD | +0.0104% | 1h | 4,359.7 | +0.007% | $378K | $1.2M | 25x | as long as short |
| Hibachi PAXG/USDT-P | +0.0128% | 1h | 4,355.8 | −0.082% | $48K | $143K | 20x | as long as short |
| Reya PAXGRUSDPERPlong | +0.0189% | 1h | 4,359.4 | long leg | $21K | — | 100x | |
| Kraken Futures PF_PAXGUSD | +0.0286% | 1h | 4,361.5 | +0.049% | $1.3M | $1.4M | 20x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0296% | 1h | 4,361.7 | +0.053% | $976K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0976% | 1h | 4,368.8 | +0.216% | $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
Kraken Futures PF_PAXGUSD
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD