Funding you earn now, next payment 20:00 UTC−0.0100%/8hpaid last 24h −0.028%
Price spread now: dYdX against MEXC−0.080%7-day average −0.130% · you buy dearer than you sell
Net, funding: paid 7d − costs−$214as in the Funding arb table
Net, price: spread back to 7d avg − costs−$190as in the Price arb table
costs, in and out, $10k−$1951.950% of the position
Funding, last 7 days−0.192%−$19 on $10k
+Price spread, last 3 days (all we have)−0.002%$0 · spread now −0.080%, 7d avg −0.130%
=The price spread pays, funding is against you. dYdX is 0.050% dearer against MEXC than usual: you sell high and buy low (spread −0.080% now, against its 7-day average of −0.130%): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 40 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC PAXG_USDT | 4,350.7 | 0.0100 | pay 0.0050% / 4h | 22m 23s | $15.9M | $1.3M | 100x |
| Short | dYdX PAXG-USD | 4,347.2 | 0 | get 0.0000% / 1h | 22m 23s | $101K | $18K | 5x |
MEXC PAXG_USDT
dYdX PAXG-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX against MEXC. 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: −0.080% → −0.130%
- $4.97
- Slippage, 4 orders
- −$180.96
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$210.99
- Costs to cover
- 1.950%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 1 min ago; dYdX: live order book, 10 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 MEXC live order book, 1 min ago | 1.32 bp | 5.2 bp −$5 | 24.8 bp −$248 | 64.0 bp −$6,397 | 121.4 bp −$60.7K |
| Sell dYdX live order book, 10 min ago | 42.74 bp | 138.2 bp −$138 | 140.0 bp −$1,400 | 141.4 bp −$14.1K | 349.4 bp −$174.7K |
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 | −0.0040% | 1h | 4,350.5 | −0.004% | $41K | $154K | 20x | as long as short |
| Kraken Futures PF_PAXGUSD | −0.0009% | 1h | 4,351.1 | +0.011% | $1.4M | $1.3M | 20x | as long as short |
| dYdX PAXG-USDshort | 0.0000% | 1h | 4,347.2 | −0.080% | $101K | $18K | 5x | |
| Gate PAXG_USDT | 0.0000% | 8h | 4,351.6 | +0.022% | $15.8M | $4.4M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,344.9 | −0.133% | $2K | $4.1M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,354.5 | +0.088% | $7.9M | $833K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,351.6 | +0.023% | $910K | $664K | 75x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,340 | −0.245% | $1K | $103K | 30x | as long as short |
| GRVT PAXG_USDT_Perp | +0.0056% | 4h | 4,349.3 | −0.031% | $1.5M | $2.1M | 10x | as long as short |
| Lighter PAXG | +0.0072% | 1h | 4,348.2 | −0.057% | $1.4M | $522K | 25x | as long as short |
Hibachi PAXG/USDT-P
Kraken Futures PF_PAXGUSD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Injective PAXG/USDC PERP
GRVT PAXG_USDT_Perp
Lighter PAXGShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex PAXG-USD-PERP | +0.0100% | 8h | 4,349.1 | −0.035% | $80K | $3.7M | 50x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,349.2 | −0.033% | $20.4M | $1.8M | 10x | as long as short |
| Aster PAXGUSDT | +0.0100% | 4h | 4,349.4 | −0.028% | $906K | $72K | 50x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,350.3 | −0.008% | $1.0M | $363K | 10x | as long as short |
| Binance PAXGUSDT | +0.0100% | 4h | 4,349.2 | −0.034% | $80.1M | $68.6M | 75x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,349.6 | −0.024% | $14.9M | $3.6M | 75x | as long as short |
| MEXC PAXG_USDTlong | +0.0100% | 4h | 4,350.7 | long leg | $15.9M | $1.3M | 100x | |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,351.2 | +0.012% | $26.9M | $5.2M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,348.7 | −0.044% | $9.2M | $13.6M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,349.6 | −0.024% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,350.5 | −0.004% | $1.4M | $1.3M | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,348.7 | −0.044% | $12.5M | $88K | — | as long as short |
| ApeX Omni PAXGUSDT | +0.0100% | 1h | 4,348.7 | −0.046% | $263K | $790K | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,348.2 | −0.056% | $558 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,345 | −0.130% | $1.5M | $38K | 50x | as long as short |
| Extended PAXG-USD | +0.0104% | 1h | 4,348.8 | −0.043% | $376K | $1.2M | 25x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,349.5 | −0.026% | $21K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0328% | 1h | 4,353.8 | +0.072% | $1.0M | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.1176% | 1h | 4,367.1 | +0.378% | $29K | $22K | 10x | as long as short |
Paradex PAXG-USD-PERP
Hyperliquid PAXG
Aster PAXGUSDT
Pacifica PAXG
Binance PAXGUSDT
Bybit PAXGUSDT
KuCoin PAXGUSDTM
Bitget PAXGUSDT
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
ApeX Omni PAXGUSDT
Orderly PERP_PAXG_USDC_mythos
Phemex PAXGUSDT
Extended PAXG-USD
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD