Funding you earn now, next payment 11:00 UTC−0.0104%/8h= −11.4% APRnext payment −$0.13 per $10,000 · paid last 24h −0.026%
Price spread now: Deribit against Extended+0.117%7-day average +0.101% · you sell dearer than you buy
Net, funding: paid 7d − costs−$36as in the Funding arb table
Net, price: spread back to 7d avg − costs−$19as in the Price arb table
costs, in and out, $10k−$210.207% of the position
Funding, last 7 days−0.154%−$15 on $10k
+Price spread, last 4 days (all we have)+0.015%+$2 · spread now +0.117%, 7d avg +0.101%
=Together, before fees−0.139%+ Points / potential airdropExtended: Active · farm board−$14 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.101%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended PAXG-USD | 4,331.5 | 0.0104 | pay 0.0013% / 1h | 48m 31s | $374K | $1.5M | 25x |
| Short | Deribit PAXG_USDC-PERPETUAL | 4,336.6 | 0 | get 0.0000% / 1h | 48m 31s | $7.9M | $180K | 50x |
Extended PAXG-USD
Deribit PAXG_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Extended. 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
- −$21.84
- Price spread: +0.117% → +0.101%
- $1.6
- Slippage, 4 orders
- −$8.74
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$40.98
- Costs to cover
- 0.207%
- Break-even
- never at this rate
Slippage from Extended: live order book, 3 min ago; Deribit: live order book, 4 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 Extended live order book, 3 min ago | 0.12 bp | 2.7 bp −$3 | 4.1 bp −$41 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 4 min ago | 3.50 bp | 7.0 bp −$7 | 14.1 bp −$141 | doesn't fit | doesn't fit |
PAXG on 29 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX PAXG-USD | −0.0836% | 1h | 4,332.7 | +0.029% | $117K | $16K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,335.1 | +0.083% | $15.7M | $4.0M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,328.7 | −0.064% | $2K | $2.8M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUALshort | 0.0000% | 1h | 4,336.6 | +0.117% | $7.9M | $180K | 50x | |
| HTX PAXG-USDT | 0.0000% | 4h | 4,338.8 | +0.169% | $913K | $824K | 75x | as long as short |
| Lighter PAXG | +0.0032% | 1h | 4,331.3 | −0.005% | $1.4M | $499K | 25x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.365% | $1K | $151K | 30x | as long as short |
| Paradex PAXG-USD-PERP | +0.0098% | 8h | 4,331.3 | −0.004% | $80K | $4.3M | 50x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,333.4 | +0.044% | $21.3M | $2.5M | 10x | as long as short |
| Aster PAXGUSDT | +0.0100% | 4h | 4,333.7 | +0.052% | $907K | $41K | 50x | as long as short |
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
HTX PAXG-USDT
Lighter PAXG
Injective PAXG/USDC PERP
Paradex PAXG-USD-PERP
Hyperliquid PAXG
Aster PAXGUSDTShow all 29 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica PAXG | +0.0100% | 1h | 4,333.9 | +0.056% | $1.0M | $306K | 10x | as long as short |
| Binance PAXGUSDT | +0.0100% | 4h | 4,332.9 | +0.033% | $80.3M | $81.7M | 75x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,333.1 | +0.037% | $14.9M | $4.7M | 75x | as long as short |
| MEXC PAXG_USDT | +0.0100% | 4h | 4,336.5 | +0.116% | $16.6M | $1.2M | 100x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,336 | +0.105% | $28.9M | $5.9M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,333.7 | +0.051% | $9.2M | $16.8M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,333.4 | +0.043% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,333.2 | +0.039% | $1.2M | $872K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,333.6 | +0.050% | $12.2M | $279K | — | as long as short |
| GRVT PAXG_USDT_Perp | +0.0100% | 4h | 4,333.3 | +0.043% | $1.5M | $1.9M | 10x | as long as short |
| ApeX Omni PAXGUSDT | +0.0100% | 1h | 4,333.6 | +0.050% | $262K | $798K | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,332.3 | +0.019% | $556 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,329 | −0.057% | $1.5M | $82K | 50x | as long as short |
| Extended PAXG-USDlong | +0.0104% | 1h | 4,331.5 | long leg | $374K | $1.5M | 25x | |
| Kraken Futures PF_PAXGUSD | +0.0187% | 1h | 4,334 | +0.058% | $1.2M | $2.1M | 20x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,333.6 | +0.050% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0264% | 1h | 4,337.3 | +0.133% | $928K | $1.1M | 50x | as long as short |
| Hibachi PAXG/USDT-P | +0.0320% | 1h | 4,334.6 | +0.072% | $43K | $181K | 20x | as long as short |
| 01 Exchange PAXGUSD | +0.0960% | 1h | 4,343.4 | +0.275% | $29K | $23K | 10x | as long as short |
Pacifica PAXG
Binance PAXGUSDT
Bybit PAXGUSDT
MEXC PAXG_USDT
KuCoin PAXGUSDTM
Bitget PAXGUSDT
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
GRVT PAXG_USDT_Perp
ApeX Omni PAXGUSDT
Orderly PERP_PAXG_USDC_mythos
Phemex PAXGUSDT
Kraken Futures PF_PAXGUSD
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
Hibachi PAXG/USDT-P
01 Exchange PAXGUSD