Funding you earn now, next payment 22:00 UTC−0.1400%/8h= −153.3% APRnext payment −$1.75 per $10,000 · paid last 24h −0.236%
Price spread now: Deribit against 01 Exchange−0.315%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
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$42 a day on $10k at the current rate, and Deribit is 0.315% 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 | 4,355.5 | 0.1400 | pay 0.0175% / 1h | 27m 47s | $29K | $21K | 10x |
| Short | Deribit PAXG_USDC-PERPETUAL | 4,341.8 | 0 | get 0.0000% / 1h | 27m 47s | $7.9M | $837K | 50x |
01 Exchange PAXGUSD
Deribit PAXG_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$294
- Price spread: −0.315% → 0.000%
- −$31.47
- Slippage, 4 orders
- no order book: not counted
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$339.47
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: 01 Exchange: no order-book sample; Deribit: 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 01 Exchange no order-book sample | — | — | — | — | — |
| Sell Deribit live order book, 1 min ago | 1.69 bp | 7.7 bp −$8 | 12.4 bp −$124 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective PAXG/USDC PERP | −0.0101% | 1h | 4,337 | −0.425% | $1K | $121K | 30x | as long as short |
| Hibachi PAXG/USDT-P | −0.0032% | 1h | 4,337.8 | −0.407% | $41K | $156K | 20x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,339.9 | −0.358% | $101K | $18K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,339.8 | −0.360% | $15.7M | $4.2M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,334.8 | −0.475% | $2K | $4.1M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUALshort | 0.0000% | 1h | 4,341.8 | −0.315% | $7.9M | $837K | 50x | |
| HTX PAXG-USDT | 0.0000% | 4h | 4,342.8 | −0.291% | $907K | $657K | 75x | as long as short |
| Lighter PAXG | +0.0096% | 1h | 4,336.8 | −0.429% | $1.4M | $520K | 25x | as long as short |
| Paradex PAXG-USD-PERP | +0.0100% | 8h | 4,337.5 | −0.413% | $80K | $3.7M | 50x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,338.1 | −0.399% | $20.3M | $1.9M | 10x | as long as short |
Injective PAXG/USDC PERP
Hibachi PAXG/USDT-P
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
HTX PAXG-USDT
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 | 4,338.6 | −0.388% | $906K | $76K | 50x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,339.1 | −0.378% | $1.0M | $351K | 10x | as long as short |
| Binance PAXGUSDT | +0.0100% | 4h | 4,337.6 | −0.412% | $79.9M | $70.1M | 75x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,338.2 | −0.397% | $14.8M | $3.7M | 75x | as long as short |
| MEXC PAXG_USDT | +0.0100% | 4h | 4,339.1 | −0.377% | $15.9M | $1.2M | 100x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,340.3 | −0.350% | $26.7M | $5.4M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,338.2 | −0.397% | $9.2M | $14.2M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,338.2 | −0.397% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,339.4 | −0.370% | $1.4M | $1.3M | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,337.1 | −0.423% | $12.4M | $114K | — | as long as short |
| GRVT PAXG_USDT_Perp | +0.0100% | 4h | 4,337.4 | −0.416% | $1.5M | $2.0M | 10x | as long as short |
| ApeX Omni PAXGUSDT | +0.0100% | 1h | 4,335.6 | −0.456% | $262K | $797K | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,338 | −0.402% | $557 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,335 | −0.471% | $1.5M | $38K | 50x | as long as short |
| Extended PAXG-USD | +0.0104% | 1h | 4,337.2 | −0.419% | $377K | $1.2M | 25x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,338.1 | −0.400% | $21K | — | 100x | as long as short |
| Kraken Futures PF_PAXGUSD | +0.0224% | 1h | 4,338.3 | −0.395% | $1.3M | $1.5M | 20x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0320% | 1h | 4,343 | −0.288% | $998K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSDlong | +0.1400% | 1h | 4,355.5 | long leg | $29K | $21K | 10x |
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
ApeX Omni PAXGUSDT
Orderly PERP_PAXG_USDC_mythos
Phemex PAXGUSDT
Extended PAXG-USD
Reya PAXGRUSDPERP
Kraken Futures PF_PAXGUSD
Coinbase International PAXG-PERP-INTX