Funding you earn now, next payment 10:00 UTC+0.0087%/8h= +9.5% APRpaid last 24h +0.030%
Price spread now: Paradex against Deribit−0.156%7-day average −0.078% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$250.252% of the position
Funding, last 4 days (all we have)+0.120%+$12 on $10k
+Price spread, last 4 days (all we have)−0.008%−$1 · spread now −0.156%, 7d avg −0.078%
=Together, before fees+0.112%+ Points / potential airdropParadex: Active · farm board+$11 on $10k · with fees, hour by hour
Funding pays, the price is against you. Paradex is 0.078% cheaper against Deribit than usual: you would sell low and buy high (spread −0.156% now, against its 7-day average of −0.078%). If the spread goes back, that is −$8 on $10k: about 3.0 days 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 | 4,330 | 0 | get 0.0000% / 1h | 57m 30s | $7.9M | $428K | 50x |
| Short | Paradex PAXG-USD-PERP | 4,323.3 | 0.0087 | get 0.0087% / 8h | 6h 57m | $80K | $4.4M | 50x |
Deribit PAXG_USDC-PERPETUAL
Paradex PAXG-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paradex 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
- $18.26
- Price spread: −0.156% → −0.078%
- −$7.81
- Slippage, 4 orders
- −$14.15
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- −$14.7
- Costs to cover
- 0.252%
- Break-even
- 12.6 days
Slippage from Deribit: live order book, 2 min ago; Paradex: live order book, 2 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, 2 min ago | 3.95 bp | 8.1 bp −$8 | 14.9 bp −$149 | doesn't fit | doesn't fit |
| Sell Paradex live order book, 2 min ago | 2.28 bp | 4.3 bp −$4 | 98.3 bp −$983 | 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 | −0.0072% | 1h | 4,322.9 | −0.165% | $1.4M | $500K | 25x | as long as short |
| GRVT PAXG_USDT_Perp | −0.0056% | 4h | 4,328.1 | −0.044% | $1.5M | $2.0M | 10x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,328.5 | −0.036% | $115K | $15K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,326.8 | −0.075% | $15.7M | $3.9M | 100x | as long as short |
| Hibachi PAXG/USDT-P | 0.0000% | 1h | 4,326.6 | −0.080% | $41K | $190K | 20x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,322 | −0.186% | $2K | $3.1M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUALlong | 0.0000% | 1h | 4,330 | long leg | $7.9M | $428K | 50x | |
| HTX PAXG-USDT | 0.0000% | 4h | 4,333.2 | +0.073% | $910K | $822K | 75x | as long as short |
| Extended PAXG-USD | +0.0024% | 1h | 4,323.1 | −0.160% | $375K | $1.5M | 25x | as long as short |
| MEXC PAXG_USDT | +0.0024% | 4h | 4,330 | −0.001% | $16.6M | $1.3M | 100x | as long as short |
Lighter PAXG
GRVT PAXG_USDT_Perp
dYdX PAXG-USD
Gate PAXG_USDT
Hibachi PAXG/USDT-P
SunX PAXG-USDT
HTX PAXG-USDT
Extended PAXG-USD
MEXC PAXG_USDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget PAXGUSDT | +0.0024% | 4h | 4,323.9 | −0.141% | $9.2M | $16.3M | 50x | as long as short |
| Binance PAXGUSDT | +0.0027% | 4h | 4,324.7 | −0.123% | $80.1M | $82.2M | 75x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.399% | $1K | $151K | 30x | as long as short |
| ApeX Omni PAXGUSDT | +0.0040% | 1h | 4,328.1 | −0.044% | $262K | $805K | 50x | as long as short |
| Aster PAXGUSDT | +0.0044% | 4h | 4,325.9 | −0.094% | $905K | $38K | 50x | as long as short |
| Kraken Futures PF_PAXGUSD | +0.0085% | 1h | 4,326.7 | −0.078% | $1.2M | $2.1M | 20x | as long as short |
| Paradex PAXG-USD-PERPshort | +0.0087% | 8h | 4,323.3 | −0.156% | $80K | $4.4M | 50x | |
| Hyperliquid PAXG | +0.0100% | 1h | 4,324 | −0.139% | $21.2M | $2.6M | 10x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,326.4 | −0.084% | $1.0M | $309K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,324.6 | −0.125% | $15.0M | $4.6M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,327.2 | −0.065% | $28.8M | $5.5M | 30x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,325.9 | −0.094% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,325.3 | −0.109% | $1.2M | $860K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,326.8 | −0.073% | $12.2M | $291K | — | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,327.6 | −0.056% | $555 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,321 | −0.209% | $1.5M | $80K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,323.5 | −0.150% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0232% | 1h | 4,330.6 | +0.014% | $933K | $1.0M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.2816% | 1h | 4,335.5 | +0.126% | $29K | $24K | 10x | as long as short |
Bitget PAXGUSDT
Binance PAXGUSDT
Injective PAXG/USDC PERP
ApeX Omni PAXGUSDT
Aster PAXGUSDT
Kraken Futures PF_PAXGUSD
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