Funding you earn now, next payment 08:00 UTC−0.0042%/8h= −4.6% APRnext payment −$0.21 per $10,000 · paid last 24h +0.005%
Price spread now: Binance against Bitget+0.017%7-day average −0.009% · you sell dearer than you buy
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$250.252% of the position
Funding, last 7 days−0.021%−$2 on $10k
+Price spread, last 7 days−0.023%−$2 · spread now +0.017%, 7d avg −0.009%
=The price spread pays, funding is against you. Binance is 0.026% dearer against Bitget than usual: you sell high and buy low (spread +0.017% now, against its 7-day average of −0.009%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.1 days. At the pace of the last 7 days (−0.021% in total) that is about 8.9 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget PAXGUSDT | 4,311.5 | 0.0062 | pay 0.0031% / 4h | 19m 56s | $9.5M | $15.9M | 50x |
| Short | Binance PAXGUSDT | 4,312.2 | 0.0020 | get 0.0010% / 4h | 19m 56s | $79.4M | $75.8M | 75x |
Bitget PAXGUSDT
Binance PAXGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bitget. 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
- −$8.76
- Price spread: +0.017% → −0.009%
- $2.61
- Slippage, 4 orders
- −$3.16
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$31.31
- Costs to cover
- 0.252%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 4 min ago; Binance: 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 Bitget live order book, 4 min ago | 0.01 bp | 7.3 bp −$7 | 9.6 bp −$96 | doesn't fit | doesn't fit |
| Sell Binance live order book, 8 min ago | 0.01 bp | 5.0 bp −$5 | 6.1 bp −$61 | 10.6 bp −$1,059 | 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 | −0.0192% | 1h | 4,310.1 | −0.033% | $1.4M | $494K | 25x | as long as short |
| Hibachi PAXG/USDT-P | −0.0144% | 1h | 4,313.4 | +0.045% | $42K | $170K | 20x | as long as short |
| GRVT PAXG_USDT_Perp | −0.0106% | 4h | 4,310.8 | −0.016% | $1.5M | $2.0M | 10x | as long as short |
| Kraken Futures PF_PAXGUSD | −0.0055% | 1h | 4,313.4 | +0.044% | $1.2M | $1.8M | 20x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,313.4 | +0.043% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,314.6 | +0.072% | $15.6M | $3.7M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,310 | −0.035% | $2K | $3.2M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,317.2 | +0.133% | $7.9M | $659K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,315.6 | +0.095% | $902K | $794K | 75x | as long as short |
| MEXC PAXG_USDT | +0.0018% | 4h | 4,318 | +0.152% | $16.6M | $1.1M | 100x | as long as short |
Lighter PAXG
Hibachi PAXG/USDT-P
GRVT PAXG_USDT_Perp
Kraken Futures PF_PAXGUSD
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
MEXC PAXG_USDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance PAXGUSDTshort | +0.0020% | 4h | 4,312.2 | +0.017% | $79.4M | $75.8M | 75x | |
| Extended PAXG-USD | +0.0024% | 1h | 4,311 | −0.011% | $376K | $1.5M | 25x | as long as short |
| Aster PAXGUSDT | +0.0026% | 4h | 4,312.6 | +0.025% | $899K | $30K | 50x | as long as short |
| ApeX Omni PAXGUSDT | +0.0032% | 1h | 4,312.8 | +0.029% | $261K | $773K | 50x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.831% | $1K | $151K | 30x | as long as short |
| Bitget PAXGUSDTlong | +0.0062% | 4h | 4,311.5 | long leg | $9.5M | $15.9M | 50x | |
| Paradex PAXG-USD-PERP | +0.0097% | 8h | 4,312.2 | +0.016% | $87K | $3.6M | 50x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,311.8 | +0.007% | $20.7M | $2.3M | 10x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,314.4 | +0.067% | $1.0M | $302K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,313.1 | +0.038% | $14.9M | $4.0M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,313.9 | +0.057% | $28.6M | $5.3M | 30x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,313.2 | +0.039% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,312.3 | +0.018% | $1.3M | $840K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,312.7 | +0.028% | $12.2M | $218K | — | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,311.9 | +0.010% | $553 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,312 | +0.012% | $1.5M | $53K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,312.3 | +0.019% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0224% | 1h | 4,316.2 | +0.109% | $953K | $1.0M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0944% | 1h | 4,323.8 | +0.286% | $29K | $23K | 10x | as long as short |
Extended PAXG-USD
Aster PAXGUSDT
ApeX Omni PAXGUSDT
Injective PAXG/USDC PERP
Paradex PAXG-USD-PERP
Hyperliquid PAXG
Pacifica PAXG
Bybit PAXGUSDT
KuCoin PAXGUSDTM
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
Orderly PERP_PAXG_USDC_mythos
Phemex PAXGUSDT
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD