Funding you earn now, next payment 03:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%
Price spread now: Bitget against dYdX−0.026%7-day average −0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$32as in the Funding arb table
Net, price: spread back to 7d avg − costs−$55as in the Price arb table
costs, in and out, $10k−$530.532% of the position
Funding, last 7 days+0.215%+$21 on $10k
+Price spread, last 4 days (all we have)−0.087%−$9 · spread now −0.026%, 7d avg −0.005%
=Funding pays, the price is against you. Bitget is 0.021% cheaper against dYdX than usual: you would sell low and buy high (spread −0.026% now, against its 7-day average of −0.005%). If the spread goes back, that is −$2 on $10k: about 17 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 | dYdX PAXG-USD | 4,341.3 | 0 | get 0.0000% / 1h | 3m 40s | $101K | $12K | 5x |
| Short | Bitget PAXGUSDT | 4,340.2 | 0.0100 | get 0.0050% / 4h | 1h 03m | $9.6M | $14.9M | 50x |
dYdX PAXG-USD
Bitget PAXGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against dYdX. 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: −0.026% → −0.005%
- −$2.1
- Slippage, 4 orders
- −$31.25
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$34.35
- Costs to cover
- 0.532%
- Break-even
- 18.4 days
Slippage from dYdX: live order book, 60 min ago; Bitget: live order book, 5 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 dYdX live order book, 60 min ago | 13.82 bp | 18.8 bp −$19 | 33.8 bp −$338 | 233.1 bp −$23.3K | 1113.0 bp −$556.5K |
| Sell Bitget live order book, 5 min ago | 0.01 bp | 7.4 bp −$7 | 10.4 bp −$104 | 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 | −0.0088% | 1h | 4,339 | −0.054% | $41K | $158K | 20x | as long as short |
| dYdX PAXG-USDlong | 0.0000% | 1h | 4,341.3 | long leg | $101K | $12K | 5x | |
| Gate PAXG_USDT | 0.0000% | 8h | 4,340.8 | −0.012% | $15.6M | $3.5M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,333.4 | −0.182% | $2K | $3.7M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,340.9 | −0.009% | $7.9M | $868K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,345.1 | +0.087% | $905K | $668K | 75x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.138% | $1K | $151K | 30x | as long as short |
| GRVT PAXG_USDT_Perp | +0.0084% | 4h | 4,339 | −0.054% | $1.5M | $1.9M | 10x | as long as short |
| Lighter PAXG | +0.0096% | 1h | 4,338 | −0.076% | $1.4M | $351K | 25x | as long as short |
| Paradex PAXG-USD-PERP | +0.0100% | 8h | 4,338.8 | −0.057% | $80K | $3.7M | 50x | as long as short |
Hibachi PAXG/USDT-P
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Injective PAXG/USDC PERP
GRVT PAXG_USDT_Perp
Lighter PAXG
Paradex PAXG-USD-PERPShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid PAXG | +0.0100% | 1h | 4,339.7 | −0.037% | $20.7M | $2.3M | 10x | as long as short |
| Aster PAXGUSDT | +0.0100% | 4h | 4,339.7 | −0.037% | $905K | $30K | 50x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,339.5 | −0.042% | $1.0M | $339K | 10x | as long as short |
| Binance PAXGUSDT | +0.0100% | 4h | 4,339.4 | −0.043% | $80.1M | $70.6M | 75x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,340.4 | −0.021% | $14.9M | $3.8M | 75x | as long as short |
| MEXC PAXG_USDT | +0.0100% | 4h | 4,340.6 | −0.017% | $16.1M | $1.1M | 100x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,341.2 | −0.002% | $28.6M | $5.4M | 30x | as long as short |
| Bitget PAXGUSDTshort | +0.0100% | 4h | 4,340.2 | −0.026% | $9.6M | $14.9M | 50x | |
| BingX PAXG-USDT | +0.0100% | 4h | 4,339.8 | −0.034% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,338.2 | −0.072% | $1.3M | $801K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,339.2 | −0.048% | $12.4M | $99K | — | as long as short |
| ApeX Omni PAXGUSDT | +0.0100% | 1h | 4,338.9 | −0.055% | $262K | $789K | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,337.6 | −0.085% | $557 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,336 | −0.122% | $1.5M | $39K | 50x | as long as short |
| Extended PAXG-USD | +0.0104% | 1h | 4,337.8 | −0.081% | $380K | $1.4M | 25x | as long as short |
| Kraken Futures PF_PAXGUSD | +0.0173% | 1h | 4,338.3 | −0.069% | $1.3M | $1.4M | 20x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,337.8 | −0.081% | $21K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0320% | 1h | 4,353 | +0.269% | $972K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.1016% | 1h | 4,348.9 | +0.175% | $29K | $23K | 10x | as long as short |
Hyperliquid PAXG
Aster PAXGUSDT
Pacifica PAXG
Binance PAXGUSDT
Bybit PAXGUSDT
MEXC PAXG_USDT
KuCoin PAXGUSDTM
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
ApeX Omni PAXGUSDT
Orderly PERP_PAXG_USDC_mythos
Phemex PAXGUSDT
Extended PAXG-USD
Kraken Futures PF_PAXGUSD
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD