PAYP

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	BinancePAYPUSDT	15.530	0	0.0000% / 8h	4h 13m	$489K	$538K	20x	Long Binance
SHORT	MEXCPAYPSTOCK_USDT	15.520	0	0.0000% / 8h	4h 13m	$282K	$96K	50x	Short MEXC

Price gap−0.064%

Funding gap0.0000% /8h

Funding is ≈ 0 and the gap is at its 7d average: nothing to capture right now.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding$00.0000% /8h now · paid −0.002% over the last 7D

Price−$1spread −0.064% now, avg −0.052% → −0.012% if it goes back

Costs−$940.938% of $10k · taker + slippage, in and out

Result−$95−0.95%no pointsWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now−0.064%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

PAYP on 11 exchanges

lowest funding first

Before you open

1 ok · 3 to watch

Watch: Thin at this size34.3 / 13.5 bp
At $10k entering Binance costs 34.3 bp, fee and slippage, 2.5× MEXC’s.
Note: Margin at max leverage$500 + $200
Binance 20x, MEXC 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
OK: Same payment interval8h / 8h
Both legs pay at the same time.
Next 24h at the current rates, on $10k a leg: $0.00Long Binance: 3 payments, $0.00; short MEXC: 3 payments, $0.00.
Note: Gap at its usual level−0.064% vs −0.052%
The price leg adds little either way.
Watch: Short leg is thinner$282K vs $489K OI
MEXC sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCBinance Yes · MEXC Yes
Verified KYC to deposit or trade; futures accounts under 30 days old are capped at 20x.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0001%/8h × 21 periods−$0.24

Price spread−0.064% → −0.052% (7d avg)−$1.20

Slippage, 4 orderslive order books−$77.77

Fee Binance bp × 2 orders−$8.00

Fee MEXC bp × 2 orders−$8.00

Net · 7 days · $10k−$95.21

Costs to cover0.938%Break-evennever at this rate

Slippage: Binance: live order book, 12 min ago; MEXC: live order book, 23 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGBinance9.6634.3 bp−$34172.6 bp−$1,726doesn’t fitdoesn’t fit

SELL · SHORTMEXC3.2213.5 bp−$1467.4 bp−$674211.0 bp−$21.1Kdoesn’t fit

Closing costs about the same again.

PAYP news

posts that mention PAYP, from every exchangeSearch all news →

09-28 16:00	QFEX	Other	$PAYP - PayPay Corporation is now trading 24/7 on QFEX @QFEX on X ↗
09-28 14:22	QFEX	Listing	new market PAYP-USD ($PAYP) seen by our collector