Funding you earn now, next payment 09:00 UTC−0.0087%/8h= −9.6% APRpaid last 24h −0.004%
Price spread now: Binance against Pacifica−0.052%7-day average −0.031% · you buy dearer than you sell
Net, funding: paid 7d − costs−$26as in the Funding arb table
Net, price: spread back to 7d avg − costs−$22as in the Price arb table
costs, in and out, $10k−$200.196% of the position
Funding, last 7 days−0.061%−$6 on $10k
+Price spread, last 7 days+0.005%$0 · spread now −0.052%, 7d avg −0.031%
=Together, before fees−0.056%+ Points / potential airdropPacifica: Active · farm board−$6 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Binance is 0.021% cheaper against Pacifica than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.031%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica PAXG | 4,304.1 | 0.0100 | pay 0.0013% / 1h | 33m 41s | $1.0M | $304K | 10x |
| Short | Binance PAXGUSDT | 4,301.9 | 0.0013 | get 0.0006% / 4h | 3h 33m | $80.1M | $80.0M | 75x |
Pacifica PAXG
Binance PAXGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Pacifica. 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
- −$18.36
- Price spread: −0.052% → −0.031%
- −$2.12
- Slippage, 4 orders
- −$1.63
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$40.11
- Costs to cover
- 0.196%
- Break-even
- never at this rate
Slippage from Pacifica: live order book, 5 min ago; Binance: live order book, 9 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 Pacifica live order book, 5 min ago | 0.12 bp | 5.3 bp −$5 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 9 min ago | 0.01 bp | 5.0 bp −$5 | 5.6 bp −$56 | 10.0 bp −$999 | 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 | −0.0184% | 1h | 4,300.3 | −0.088% | $1.4M | $618K | 25x | as long as short |
| Hibachi PAXG/USDT-P | −0.0176% | 1h | 4,303.8 | −0.008% | $42K | $172K | 20x | as long as short |
| GRVT PAXG_USDT_Perp | −0.0166% | 4h | 4,304.3 | +0.006% | $1.5M | $1.9M | 10x | as long as short |
| Kraken Futures PF_PAXGUSD | −0.0097% | 1h | 4,305.7 | +0.037% | $1.2M | $1.7M | 20x | as long as short |
| dYdX PAXG-USD | −0.0010% | 1h | 4,306.3 | +0.050% | $100K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,304.5 | +0.009% | $15.6M | $3.8M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,301.4 | −0.063% | $2K | $3.2M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,309.1 | +0.116% | $7.9M | $599K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,311.5 | +0.171% | $905K | $818K | 75x | as long as short |
| MEXC PAXG_USDT | +0.0012% | 4h | 4,310 | +0.137% | $16.8M | $1.2M | 100x | as long as short |
Lighter PAXG
Hibachi PAXG/USDT-P
GRVT PAXG_USDT_Perp
Kraken Futures PF_PAXGUSD
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
MEXC PAXG_USDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance PAXGUSDTshort | +0.0013% | 4h | 4,301.9 | −0.052% | $80.1M | $80.0M | 75x | |
| Extended PAXG-USD | +0.0016% | 1h | 4,300.7 | −0.079% | $374K | $1.5M | 25x | as long as short |
| Bitget PAXGUSDT | +0.0026% | 4h | 4,302.1 | −0.046% | $9.4M | $15.7M | 50x | as long as short |
| Aster PAXGUSDT | +0.0027% | 4h | 4,303.4 | −0.017% | $899K | $34K | 50x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +1.004% | $1K | $151K | 30x | as long as short |
| ApeX Omni PAXGUSDT | +0.0075% | 1h | 4,303 | −0.026% | $261K | $772K | 50x | as long as short |
| Paradex PAXG-USD-PERP | +0.0097% | 8h | 4,301.8 | −0.053% | $81K | $4.4M | 50x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,300.9 | −0.074% | $21.0M | $2.6M | 10x | as long as short |
| Pacifica PAXGlong | +0.0100% | 1h | 4,304.1 | long leg | $1.0M | $304K | 10x | |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,304.1 | 0.000% | $14.8M | $4.3M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,304.3 | +0.004% | $28.6M | $5.4M | 30x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,303.4 | −0.016% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,303.7 | −0.010% | $1.2M | $858K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,302.4 | −0.039% | $12.2M | $230K | — | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,306 | +0.044% | $553 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,304 | −0.002% | $1.5M | $67K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,302.2 | −0.043% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0232% | 1h | 4,309.3 | +0.120% | $933K | $1.0M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0840% | 1h | 4,314.5 | +0.242% | $29K | $23K | 10x | as long as short |
Extended PAXG-USD
Bitget PAXGUSDT
Aster PAXGUSDT
Injective PAXG/USDC PERP
ApeX Omni PAXGUSDT
Paradex PAXG-USD-PERP
Hyperliquid 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