Funding you earn now, next payment 04:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.50 per $10,000 · paid last 24h +0.027%
Price spread now: Binance against SunX+0.066%7-day average +0.089% · you sell dearer than you buy
Net, funding: paid 7d − costs−$59as in the Funding arb table
Net, price: spread back to 7d avg − costs−$76as in the Price arb table
costs, in and out, $10k−$740.740% of the position
Funding, last 7 days+0.153%+$15 on $10k
+Price spread, last 3 days (all we have)+0.017%+$2 · spread now +0.066%, 7d avg +0.089%
=Funding pays, the price is against you. Binance is 0.023% cheaper against SunX than usual: you would sell low and buy high (spread +0.066% now, against its 7-day average of +0.089%). If the spread goes back, that is −$2 on $10k: about 18 hours of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SunX PAXG-USDT | 4,346.9 | 0 | get 0.0000% / 4h | 3h 12m | $2K | $3.9M | 20x |
| Short | Binance PAXGUSDT | 4,349.8 | 0.0100 | get 0.0050% / 4h | 3h 12m | $80.2M | $71.0M | 75x |
SunX PAXG-USDT
Binance PAXGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against SunX. 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: +0.066% → +0.089%
- −$2.27
- Slippage, 4 orders
- −$55.99
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$55.26
- Costs to cover
- 0.740%
- Break-even
- 25.4 days
Slippage from SunX: live order book, 5 min ago; Binance: live order book, 15 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 SunX live order book, 5 min ago | 21.55 bp | 38.3 bp −$38 | 67.5 bp −$675 | doesn't fit | doesn't fit |
| Sell Binance live order book, 15 min ago | 0.01 bp | 5.1 bp −$5 | 6.2 bp −$62 | 10.2 bp −$1,024 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX PAXG-USD | 0.0000% | 1h | 4,350.8 | +0.090% | $102K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,351.6 | +0.109% | $15.7M | $3.5M | 100x | as long as short |
| SunX PAXG-USDTlong | 0.0000% | 4h | 4,346.9 | long leg | $2K | $3.9M | 20x | |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,354.5 | +0.176% | $7.9M | $875K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,356.6 | +0.224% | $905K | $647K | 75x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.010% | $1K | $151K | 30x | as long as short |
| GRVT PAXG_USDT_Perp | +0.0046% | 4h | 4,350.9 | +0.092% | $1.5M | $2.0M | 10x | as long as short |
| Lighter PAXG | +0.0096% | 1h | 4,349.8 | +0.067% | $1.4M | $270K | 25x | as long as short |
| Paradex PAXG-USD-PERP | +0.0100% | 8h | 4,350.5 | +0.084% | $80K | $3.7M | 50x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,350.3 | +0.079% | $20.7M | $2.1M | 10x | as long as short |
dYdX PAXG-USD
Gate PAXG_USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Injective PAXG/USDC PERP
GRVT PAXG_USDT_Perp
Lighter PAXG
Paradex PAXG-USD-PERP
Hyperliquid PAXGShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster PAXGUSDT | +0.0100% | 4h | 4,351.6 | +0.109% | $908K | $29K | 50x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,352.6 | +0.131% | $1.0M | $366K | 10x | as long as short |
| Binance PAXGUSDTshort | +0.0100% | 4h | 4,349.8 | +0.066% | $80.2M | $71.0M | 75x | |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,351.2 | +0.099% | $15.1M | $3.6M | 75x | as long as short |
| MEXC PAXG_USDT | +0.0100% | 4h | 4,349.8 | +0.067% | $16.2M | $1.2M | 100x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,352.1 | +0.121% | $28.4M | $5.5M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,350 | +0.071% | $9.6M | $15.1M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,351.2 | +0.099% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,351.4 | +0.103% | $1.4M | $844K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,348.3 | +0.032% | $12.5M | $104K | — | as long as short |
| ApeX Omni PAXGUSDT | +0.0100% | 1h | 4,349.8 | +0.068% | $263K | $786K | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,350.6 | +0.086% | $558 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,351 | +0.095% | $1.5M | $39K | 50x | as long as short |
| Extended PAXG-USD | +0.0104% | 1h | 4,348.8 | +0.044% | $382K | $1.4M | 25x | as long as short |
| Hibachi PAXG/USDT-P | +0.0152% | 1h | 4,349.7 | +0.065% | $42K | $146K | 20x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,350.8 | +0.091% | $21K | — | 100x | as long as short |
| Kraken Futures PF_PAXGUSD | +0.0208% | 1h | 4,351.9 | +0.116% | $1.3M | $1.4M | 20x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0304% | 1h | 4,349.6 | +0.063% | $972K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0984% | 1h | 4,361.9 | +0.346% | $29K | $23K | 10x | as long as short |
Aster PAXGUSDT
Pacifica PAXG
Bybit PAXGUSDT
MEXC PAXG_USDT
KuCoin PAXGUSDTM
Bitget PAXGUSDT
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
ApeX Omni PAXGUSDT
Orderly PERP_PAXG_USDC_mythos
Phemex PAXGUSDT
Extended PAXG-USD
Hibachi PAXG/USDT-P
Reya PAXGRUSDPERP
Kraken Futures PF_PAXGUSD
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD