Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Phemex against BingX−0.074%7-day average −0.068% · you buy dearer than you sell
Net, funding: paid 7d − costs−$64as in the Funding arb table
Net, price: spread back to 7d avg − costs−$65as in the Price arb table
costs, in and out, $10k−$640.640% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)+0.026%+$3 · spread now −0.074%, 7d avg −0.068%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX PAXG-USDT | 4,330.2 | 0.0100 | pay 0.0050% / 4h | 2h 06m | — | $6.8M | — |
| Short | Phemex PAXGUSDT | 4,327 | 0.0100 | get 0.0050% / 4h | 2h 06m | $1.5M | $45K | 50x |
BingX PAXG-USDT
Phemex PAXGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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: −0.074% → −0.068%
- −$0.57
- Slippage, 4 orders
- −$42.01
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$64.58
- Costs to cover
- 0.640%
- Break-even
- never at this rate
Slippage from BingX: live order book, 16 min ago; Phemex: live order book, 1 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, 16 min ago | 0.20 bp | 5.4 bp −$5 | 7.4 bp −$74 | 11.1 bp −$1,108 | 36.8 bp −$18.4K |
| Sell Phemex live order book, 1 min ago | 5.78 bp | 26.6 bp −$27 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter PAXG | −0.0128% | 1h | 4,328.7 | −0.034% | $1.4M | $391K | 25x | as long as short |
| Hibachi PAXG/USDT-P | −0.0112% | 1h | 4,330.2 | 0.000% | $42K | $165K | 20x | as long as short |
| Kraken Futures PF_PAXGUSD | −0.0101% | 1h | 4,332 | +0.041% | $1.2M | $1.9M | 20x | as long as short |
| GRVT PAXG_USDT_Perp | −0.0060% | 4h | 4,327.9 | −0.053% | $1.5M | $2.0M | 10x | as long as short |
| ApeX Omni PAXGUSDT | −0.0010% | 1h | 4,327.5 | −0.064% | $262K | $784K | 50x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,328.9 | −0.030% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,331.6 | +0.032% | $15.6M | $3.8M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,327.4 | −0.064% | $2K | $3.4M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,334.6 | +0.101% | $7.9M | $835K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,333.1 | +0.067% | $903K | $743K | 75x | as long as short |
Lighter PAXG
Hibachi PAXG/USDT-P
Kraken Futures PF_PAXGUSD
GRVT PAXG_USDT_Perp
ApeX Omni PAXGUSDT
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 | +0.0016% | 1h | 4,329.2 | −0.022% | $376K | $1.4M | 25x | as long as short |
| MEXC PAXG_USDT | +0.0016% | 4h | 4,331.8 | +0.036% | $16.4M | $1.1M | 100x | as long as short |
| Binance PAXGUSDT | +0.0018% | 4h | 4,330.1 | −0.002% | $79.9M | $74.2M | 75x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.395% | $1K | $151K | 30x | as long as short |
| Aster PAXGUSDT | +0.0046% | 4h | 4,331 | +0.017% | $904K | $27K | 50x | as long as short |
| Paradex PAXG-USD-PERP | +0.0097% | 8h | 4,330.1 | −0.002% | $81K | $3.2M | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,330.7 | +0.012% | $556 | — | 10x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,330.4 | +0.005% | $20.8M | $2.4M | 10x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,332.1 | +0.043% | $1.0M | $336K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,331.1 | +0.020% | $14.9M | $4.0M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,332.8 | +0.060% | $28.5M | $5.3M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,329.6 | −0.014% | $9.4M | $16.1M | 50x | as long as short |
| BingX PAXG-USDTlong | +0.0100% | 4h | 4,330.2 | long leg | — | $6.8M | — | |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,330.7 | +0.012% | $1.3M | $810K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,325.9 | −0.099% | $12.3M | $222K | — | as long as short |
| Phemex PAXGUSDTshort | +0.0100% | 4h | 4,327 | −0.074% | $1.5M | $45K | 50x | |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,329.5 | −0.015% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0248% | 1h | 4,325.6 | −0.107% | $977K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0856% | 1h | 4,341.6 | +0.263% | $29K | $24K | 10x | as long as short |
Extended PAXG-USD
MEXC PAXG_USDT
Binance PAXGUSDT
Injective PAXG/USDC PERP
Aster PAXGUSDT
Paradex PAXG-USD-PERP
Orderly PERP_PAXG_USDC_mythos
Hyperliquid PAXG
Pacifica PAXG
Bybit PAXGUSDT
KuCoin PAXGUSDTM
Bitget PAXGUSDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD