Funding you earn now, next payment 04:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.50 per $10,000 · paid last 24h −0.030%
Price spread now: SunX against BingX−0.106%7-day average −0.122% · you buy dearer than you sell
Net, funding: paid 7d − costs−$96as in the Funding arb table
Net, price: spread back to 7d avg − costs−$74as in the Price arb table
costs, in and out, $10k−$750.751% of the position
Funding, last 7 days−0.210%−$21 on $10k
+Price spread, last 4 days (all we have)+0.029%+$3 · spread now −0.106%, 7d avg −0.122%
=The price spread sits at its 7-day average of −0.122%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX PAXG-USDT | 4,341.5 | 0.0100 | pay 0.0050% / 4h | 40m 07s | — | $6.8M | — |
| Short | SunX PAXG-USDT | 4,336.9 | 0 | get 0.0000% / 4h | 40m 07s | $1K | $3.6M | 20x |
BingX PAXG-USDT
SunX PAXG-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- −$21
- Price spread: −0.106% → −0.122%
- $1.6
- Slippage, 4 orders
- −$57.12
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$94.52
- Costs to cover
- 0.751%
- Break-even
- never at this rate
Slippage from BingX: live order book, 13 min ago; SunX: live order book, 8 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, 13 min ago | 0.38 bp | 5.9 bp −$6 | 6.4 bp −$64 | 11.5 bp −$1,149 | 35.1 bp −$17.5K |
| Sell SunX live order book, 8 min ago | 21.53 bp | 25.5 bp −$26 | 55.2 bp −$552 | 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 | −0.0120% | 1h | 4,341.2 | −0.008% | $42K | $159K | 20x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,341.9 | +0.008% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,342.4 | +0.020% | $15.6M | $3.3M | 100x | as long as short |
| SunX PAXG-USDTshort | 0.0000% | 4h | 4,336.9 | −0.106% | $1K | $3.6M | 20x | |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,343.4 | +0.042% | $7.9M | $868K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,343.8 | +0.053% | $904K | $671K | 75x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.133% | $1K | $151K | 30x | as long as short |
| Lighter PAXG | +0.0072% | 1h | 4,339.1 | −0.056% | $1.4M | $347K | 25x | as long as short |
| Paradex PAXG-USD-PERP | +0.0100% | 8h | 4,341.5 | 0.000% | $81K | $3.7M | 50x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,340.8 | −0.017% | $20.8M | $2.4M | 10x | as long as short |
Hibachi PAXG/USDT-P
dYdX PAXG-USD
Gate PAXG_USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Injective PAXG/USDC PERP
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 | 4,342.2 | +0.016% | $906K | $30K | 50x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,342.2 | +0.016% | $1.0M | $339K | 10x | as long as short |
| Binance PAXGUSDT | +0.0100% | 4h | 4,339.7 | −0.042% | $80.2M | $70.5M | 75x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,341.5 | −0.001% | $14.9M | $3.8M | 75x | as long as short |
| MEXC PAXG_USDT | +0.0100% | 4h | 4,341.6 | +0.002% | $16.1M | $1.1M | 100x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,343.5 | +0.045% | $28.6M | $5.4M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,340.7 | −0.018% | $9.7M | $14.8M | 50x | as long as short |
| BingX PAXG-USDTlong | +0.0100% | 4h | 4,341.5 | long leg | — | $6.8M | — | |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,340.7 | −0.019% | $1.3M | $801K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,340.7 | −0.018% | $12.4M | $97K | — | as long as short |
| GRVT PAXG_USDT_Perp | +0.0100% | 4h | 4,341.5 | −0.001% | $1.5M | $1.9M | 10x | as long as short |
| ApeX Omni PAXGUSDT | +0.0100% | 1h | 4,340.5 | −0.025% | $262K | $788K | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,339.8 | −0.040% | $557 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,339 | −0.058% | $1.5M | $39K | 50x | as long as short |
| Extended PAXG-USD | +0.0104% | 1h | 4,339.2 | −0.054% | $379K | $1.4M | 25x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,339.9 | −0.038% | $21K | — | 100x | as long as short |
| Kraken Futures PF_PAXGUSD | +0.0210% | 1h | 4,341.2 | −0.009% | $1.3M | $1.4M | 20x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0320% | 1h | 4,345.7 | +0.095% | $968K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0896% | 1h | 4,352.1 | +0.243% | $29K | $23K | 10x | as long as short |
Aster PAXGUSDT
Pacifica PAXG
Binance PAXGUSDT
Bybit PAXGUSDT
MEXC PAXG_USDT
KuCoin PAXGUSDTM
Bitget PAXGUSDT
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
01 Exchange PAXGUSD