Funding you earn now, next payment 06:00 UTC−0.0789%/8h= −86.5% APRpaid last 24h −0.232%
Price spread now: Binance against 01 Exchange−0.306%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 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
Both sides work against this trade now: funding costs −$24 a day on $10k at the current rate, and Binance is 0.306% cheaper against 01 Exchange than usual: you would sell low and buy high (−$31 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 | 01 Exchange PAXGUSD | 4,330 | 0.0816 | pay 0.0102% / 1h | 21m 11s | $29K | $24K | 10x |
| Short | Binance PAXGUSDT | 4,316.8 | 0.0027 | get 0.0013% / 4h | 2h 21m | $79.5M | $73.9M | 75x |
01 Exchange PAXGUSD
Binance PAXGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against 01 Exchange. 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
- −$165.8
- Price spread: −0.306% → 0.000%
- −$30.58
- Slippage, 4 orders
- no order book: not counted
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$213.37
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: 01 Exchange: no order-book sample; Binance: live order book, 6 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 01 Exchange no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 6 min ago | 0.01 bp | 5.0 bp −$5 | 5.2 bp −$52 | 9.0 bp −$898 | doesn't fit |
01 Exchange: 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 | |
|---|---|---|---|---|---|---|---|---|
| Hibachi PAXG/USDT-P | −0.0160% | 1h | 4,320.9 | −0.209% | $40K | $165K | 20x | as long as short |
| Lighter PAXG | −0.0152% | 1h | 4,315.4 | −0.337% | $1.4M | $388K | 25x | as long as short |
| Kraken Futures PF_PAXGUSD | −0.0102% | 1h | 4,317.3 | −0.293% | $1.2M | $1.9M | 20x | as long as short |
| ApeX Omni PAXGUSDT | −0.0039% | 1h | 4,315.7 | −0.330% | $261K | $783K | 50x | as long as short |
| GRVT PAXG_USDT_Perp | −0.0032% | 4h | 4,319.2 | −0.250% | $1.5M | $1.9M | 10x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,321.1 | −0.206% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,318.4 | −0.268% | $15.6M | $3.7M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,313.3 | −0.387% | $2K | $3.5M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,321.3 | −0.202% | $7.9M | $839K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,320.4 | −0.221% | $900K | $730K | 75x | as long as short |
Hibachi PAXG/USDT-P
Lighter PAXG
Kraken Futures PF_PAXGUSD
ApeX Omni PAXGUSDT
GRVT PAXG_USDT_Perp
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended PAXG-USD | +0.0024% | 1h | 4,316.4 | −0.314% | $377K | $1.4M | 25x | as long as short |
| MEXC PAXG_USDT | +0.0026% | 4h | 4,319.6 | −0.240% | $16.4M | $1.1M | 100x | as long as short |
| Binance PAXGUSDTshort | +0.0027% | 4h | 4,316.8 | −0.306% | $79.5M | $73.9M | 75x | |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.400% | $1K | $151K | 30x | as long as short |
| Aster PAXGUSDT | +0.0053% | 4h | 4,320 | −0.231% | $901K | $27K | 50x | as long as short |
| Hyperliquid PAXG | +0.0077% | 1h | 4,316.8 | −0.305% | $20.7M | $2.4M | 10x | as long as short |
| Paradex PAXG-USD-PERP | +0.0097% | 8h | 4,319.1 | −0.251% | $81K | $3.3M | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,318.1 | −0.275% | $554 | — | 10x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,320.6 | −0.217% | $1.0M | $349K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,318.8 | −0.259% | $14.9M | $4.0M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,319.8 | −0.235% | $28.4M | $5.3M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,316.4 | −0.314% | $9.6M | $15.8M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,317.3 | −0.293% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,317.6 | −0.286% | $1.3M | $814K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,326.4 | −0.082% | $12.3M | $222K | — | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,314 | −0.370% | $1.5M | $41K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,317.3 | −0.293% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0248% | 1h | 4,321.3 | −0.200% | $950K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSDlong | +0.0816% | 1h | 4,330 | long leg | $29K | $24K | 10x |
Extended PAXG-USD
MEXC PAXG_USDT
Injective PAXG/USDC PERP
Aster PAXGUSDT
Hyperliquid PAXG
Paradex PAXG-USD-PERP
Orderly PERP_PAXG_USDC_mythos
Pacifica PAXG
Bybit PAXGUSDT
KuCoin PAXGUSDTM
Bitget PAXGUSDT
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
Phemex PAXGUSDT
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX