Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Backpack against BingX−0.014%7-day average +0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$22as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$220.217% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 7 days+0.024%+$2 · spread now −0.014%, 7d avg +0.008%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Backpack is 0.022% cheaper against BingX than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.008%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX PAXG-USDT | 4,335.7 | 0.0100 | pay 0.0050% / 4h | 3h 29m | — | $6.8M | — |
| Short | Backpack PAXG_USDC_PERP | 4,335.1 | 0.0100 | get 0.0013% / 1h | 29m 21s | $1.3M | $799K | 50x |
BingX PAXG-USDT
Backpack PAXG_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against BingX. 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
- $0
- Price spread: −0.014% → +0.008%
- −$2.21
- Slippage, 4 orders
- −$1.69
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$23.91
- Costs to cover
- 0.217%
- Break-even
- never at this rate
Slippage from BingX: live order book, 8 min ago; Backpack: live order book, 5 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 BingX live order book, 8 min ago | 0.12 bp | 5.8 bp −$6 | 7.8 bp −$78 | 10.3 bp −$1,032 | 34.2 bp −$17.1K |
| Sell Backpack live order book, 5 min ago | 0.01 bp | 5.4 bp −$5 | 7.6 bp −$76 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hibachi PAXG/USDT-P | −0.0176% | 1h | 4,335.2 | −0.011% | $42K | $154K | 20x | as long as short |
| Lighter PAXG | −0.0160% | 1h | 4,333.5 | −0.051% | $1.4M | $368K | 25x | as long as short |
| GRVT PAXG_USDT_Perp | −0.0112% | 4h | 4,334.6 | −0.025% | $1.5M | $1.9M | 10x | as long as short |
| ApeX Omni PAXGUSDT | −0.0075% | 1h | 4,333.3 | −0.055% | $262K | $786K | 50x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,334.8 | −0.022% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,336.7 | +0.023% | $15.6M | $3.4M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,329.4 | −0.146% | $1K | $3.6M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,338.3 | +0.059% | $7.9M | $868K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,341.1 | +0.123% | $903K | $687K | 75x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.267% | $1K | $151K | 30x | as long as short |
Hibachi PAXG/USDT-P
Lighter PAXG
GRVT PAXG_USDT_Perp
ApeX Omni PAXGUSDT
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Injective PAXG/USDC PERPShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended PAXG-USD | +0.0040% | 1h | 4,333.6 | −0.048% | $379K | $1.5M | 25x | as long as short |
| MEXC PAXG_USDT | +0.0040% | 4h | 4,337.5 | +0.042% | $16.1M | $1.0M | 100x | as long as short |
| Binance PAXGUSDT | +0.0042% | 4h | 4,334.9 | −0.018% | $79.9M | $70.7M | 75x | as long as short |
| Kraken Futures PF_PAXGUSD | +0.0065% | 1h | 4,335.1 | −0.014% | $1.3M | $1.4M | 20x | as long as short |
| Paradex PAXG-USD-PERP | +0.0100% | 8h | 4,335 | −0.016% | $81K | $3.6M | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,334.7 | −0.023% | $556 | — | 10x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,334.9 | −0.019% | $20.7M | $2.3M | 10x | as long as short |
| Aster PAXGUSDT | +0.0100% | 4h | 4,334.3 | −0.033% | $904K | $27K | 50x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,336.5 | +0.018% | $1.0M | $343K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,335.8 | +0.001% | $14.9M | $3.8M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,338 | +0.052% | $28.6M | $5.3M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,334.9 | −0.020% | $9.7M | $15.2M | 50x | as long as short |
| BingX PAXG-USDTlong | +0.0100% | 4h | 4,335.7 | long leg | — | $6.8M | — | |
| Backpack PAXG_USDC_PERPshort | +0.0100% | 1h | 4,335.1 | −0.014% | $1.3M | $799K | 50x | |
| Variational Omni PAXG | +0.0100% | 4h | 4,335 | −0.017% | $12.3M | $227K | — | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,332 | −0.086% | $1.5M | $38K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,334.4 | −0.031% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0296% | 1h | 4,339.5 | +0.088% | $987K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0952% | 1h | 4,345.9 | +0.235% | $29K | $24K | 10x | as long as short |
Extended PAXG-USD
MEXC PAXG_USDT
Binance PAXGUSDT
Kraken Futures PF_PAXGUSD
Paradex PAXG-USD-PERP
Orderly PERP_PAXG_USDC_mythos
Hyperliquid PAXG
Aster PAXGUSDT
Pacifica PAXG
Bybit PAXGUSDT
KuCoin PAXGUSDTM
Bitget PAXGUSDT
Variational Omni PAXG
Phemex PAXGUSDT
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD