Funding you earn now, next payment 22:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.021%
Price spread now: Bitget against Deribit−0.086%7-day average −0.054% · you buy dearer than you sell
Net, funding: paid 7d − costs−$18as in the Funding arb table
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$350.348% of the position
Funding, last 7 days+0.173%+$17 on $10k
+Price spread, last 3 days (all we have)−0.025%−$3 · spread now −0.086%, 7d avg −0.054%
=Funding pays, the price is against you. Bitget is 0.032% cheaper against Deribit than usual: you would sell low and buy high (spread −0.086% now, against its 7-day average of −0.054%). If the spread goes back, that is −$3 on $10k: about 25 hours of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit PAXG_USDC-PERPETUAL | 4,342 | 0 | get 0.0000% / 1h | 0m 09s | $7.9M | $865K | 50x |
| Short | Bitget PAXGUSDT | 4,338.3 | 0.0100 | get 0.0050% / 4h | 2h 00m | $9.2M | $14.3M | 50x |
Deribit PAXG_USDC-PERPETUAL
Bitget PAXGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Deribit. 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: −0.086% → −0.054%
- −$3.19
- Slippage, 4 orders
- −$15.83
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$17.01
- Costs to cover
- 0.348%
- Break-even
- 12.7 days
Slippage from Deribit: live order book, 4 min ago; Bitget: live order book, 3 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 Deribit live order book, 4 min ago | 1.74 bp | 9.1 bp −$9 | 15.3 bp −$153 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 3 min ago | 0.01 bp | 9.1 bp −$9 | 14.2 bp −$142 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective PAXG/USDC PERP | −0.0101% | 1h | 4,337 | −0.114% | $1K | $121K | 30x | as long as short |
| Hibachi PAXG/USDT-P | −0.0072% | 1h | 4,335.5 | −0.149% | $47K | $156K | 20x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,336.4 | −0.129% | $101K | $18K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,339.5 | −0.057% | $15.7M | $4.3M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,333.9 | −0.187% | $2K | $4.1M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUALlong | 0.0000% | 1h | 4,342 | long leg | $7.9M | $865K | 50x | |
| HTX PAXG-USDT | 0.0000% | 4h | 4,341.9 | −0.002% | $907K | $661K | 75x | as long as short |
| Lighter PAXG | +0.0096% | 1h | 4,337 | −0.115% | $1.4M | $521K | 25x | as long as short |
| Paradex PAXG-USD-PERP | +0.0100% | 8h | 4,336.4 | −0.127% | $80K | $3.7M | 50x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,338.4 | −0.082% | $20.3M | $2.0M | 10x | as long as short |
Injective PAXG/USDC PERP
Hibachi PAXG/USDT-P
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
HTX PAXG-USDT
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 | 4,337.9 | −0.095% | $906K | $75K | 50x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,337.3 | −0.106% | $1.0M | $371K | 10x | as long as short |
| Binance PAXGUSDT | +0.0100% | 4h | 4,338 | −0.092% | $79.9M | $70.6M | 75x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,339.3 | −0.062% | $15.2M | $3.9M | 75x | as long as short |
| MEXC PAXG_USDT | +0.0100% | 4h | 4,340 | −0.046% | $15.9M | $1.2M | 100x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,339.9 | −0.048% | $26.8M | $5.5M | 30x | as long as short |
| Bitget PAXGUSDTshort | +0.0100% | 4h | 4,338.3 | −0.086% | $9.2M | $14.3M | 50x | |
| BingX PAXG-USDT | +0.0100% | 4h | 4,338.4 | −0.082% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,339.6 | −0.054% | $1.4M | $1.3M | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,337.1 | −0.113% | $12.4M | $114K | — | as long as short |
| GRVT PAXG_USDT_Perp | +0.0100% | 4h | 4,334 | −0.183% | $1.5M | $2.0M | 10x | as long as short |
| ApeX Omni PAXGUSDT | +0.0100% | 1h | 4,333.4 | −0.197% | $262K | $799K | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,338 | −0.091% | $557 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,336 | −0.137% | $1.5M | $40K | 50x | as long as short |
| Extended PAXG-USD | +0.0104% | 1h | 4,337.4 | −0.105% | $377K | $1.2M | 25x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,338.5 | −0.081% | $21K | — | 100x | as long as short |
| Kraken Futures PF_PAXGUSD | +0.0224% | 1h | 4,338.6 | −0.078% | $1.3M | $1.5M | 20x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0320% | 1h | 4,339.7 | −0.053% | $976K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.1456% | 1h | 4,353 | +0.254% | $29K | $21K | 10x | as long as short |
Aster PAXGUSDT
Pacifica PAXG
Binance PAXGUSDT
Bybit PAXGUSDT
MEXC PAXG_USDT
KuCoin PAXGUSDTM
BingX PAXG-USDT
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