Funding you earn now, next payment 07:00 UTC−0.0224%/8h= −24.5% APRpaid last 24h −0.080%
Price spread now: HTX against Coinbase International0.000%7-day average +0.055% · you buy dearer than you sell
Net, funding: paid 7d − costs−$86as in the Funding arb table
Net, price: spread back to 7d avg − costs−$55as in the Price arb table
costs, in and out, $10k−$490.491% of the position
Funding, last 7 days−0.369%−$37 on $10k
+Price spread, last 4 days (all we have)+0.040%+$4 · spread now 0.000%, 7d avg +0.055%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and HTX is 0.055% cheaper against Coinbase International than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.055%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International PAXG-PERP-INTX | 4,308 | 0.0224 | pay 0.0028% / 1h | 2m 14s | $946K | $1.0M | 50x |
| Short | HTX PAXG-USDT | 4,308 | 0 | get 0.0000% / 4h | 2m 14s | $903K | $802K | 75x |
Coinbase International PAXG-PERP-INTX
HTX PAXG-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX against Coinbase International. 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
- −$47.04
- Price spread: 0.000% → +0.055%
- −$5.51
- Slippage, 4 orders
- −$27.12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$101.67
- Costs to cover
- 0.491%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 1 min ago; HTX: live order book, 36 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 Coinbase International live order book, 1 min ago | 2.72 bp | 7.7 bp −$8 | 9.0 bp −$90 | doesn't fit | doesn't fit |
| Sell HTX live order book, 36 min ago | 1.02 bp | 13.1 bp −$13 | 15.9 bp −$159 | 19.1 bp −$1,908 | 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 | 4,299 | −0.210% | $1.4M | $608K | 25x | as long as short |
| Hibachi PAXG/USDT-P | −0.0160% | 1h | 4,303.3 | −0.111% | $42K | $171K | 20x | as long as short |
| GRVT PAXG_USDT_Perp | −0.0122% | 4h | 4,304.5 | −0.082% | $1.5M | $2.0M | 10x | as long as short |
| Kraken Futures PF_PAXGUSD | −0.0055% | 1h | 4,301 | −0.162% | $1.2M | $1.7M | 20x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,302.5 | −0.128% | $100K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,302.7 | −0.124% | $15.5M | $3.9M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,296.5 | −0.267% | $2K | $3.2M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,305.5 | −0.059% | $7.9M | $599K | 50x | as long as short |
| HTX PAXG-USDTshort | 0.0000% | 4h | 4,308 | 0.000% | $903K | $802K | 75x | |
| MEXC PAXG_USDT | +0.0022% | 4h | 4,307.1 | −0.021% | $16.6M | $1.2M | 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
MEXC PAXG_USDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance PAXGUSDT | +0.0023% | 4h | 4,301.1 | −0.161% | $80.0M | $78.4M | 75x | as long as short |
| Extended PAXG-USD | +0.0024% | 1h | 4,299.9 | −0.189% | $377K | $1.6M | 25x | as long as short |
| ApeX Omni PAXGUSDT | +0.0027% | 1h | 4,304 | −0.094% | $261K | $773K | 50x | as long as short |
| Aster PAXGUSDT | +0.0029% | 4h | 4,302.2 | −0.134% | $897K | $29K | 50x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.912% | $1K | $151K | 30x | as long as short |
| Bitget PAXGUSDT | +0.0038% | 4h | 4,300.6 | −0.173% | $9.4M | $16.0M | 50x | as long as short |
| Paradex PAXG-USD-PERP | +0.0097% | 8h | 4,300.9 | −0.165% | $85K | $4.1M | 50x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,301 | −0.163% | $20.7M | $2.4M | 10x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,303.1 | −0.115% | $1.0M | $302K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,301.8 | −0.144% | $14.9M | $4.0M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,302.7 | −0.124% | $28.5M | $5.3M | 30x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,301.9 | −0.141% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,301.5 | −0.152% | $1.2M | $844K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,303.7 | −0.101% | $12.2M | $219K | — | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,301.4 | −0.154% | $552 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,301 | −0.163% | $1.5M | $66K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,300.4 | −0.176% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTXlong | +0.0224% | 1h | 4,308 | long leg | $946K | $1.0M | 50x | |
| 01 Exchange PAXGUSD | +0.0904% | 1h | 4,312.2 | +0.097% | $29K | $23K | 10x | as long as short |
Binance PAXGUSDT
Extended PAXG-USD
ApeX Omni PAXGUSDT
Aster PAXGUSDT
Injective PAXG/USDC PERP
Bitget PAXGUSDT
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
01 Exchange PAXGUSD