Funding you earn now, next payment 11:00 UTC−0.0960%/8h= −105.1% APRnext payment −$1.20 per $10,000 · paid last 24h −0.035%
Price spread now: dYdX against Pacifica−0.033%7-day average −0.017% · you buy dearer than you sell
Net, funding: paid 7d − costs−$70as in the Funding arb table
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$450.451% of the position
Funding, last 7 days−0.254%−$25 on $10k
+Price spread, last 4 days (all we have)+0.023%+$2 · spread now −0.033%, 7d avg −0.017%
=Together, before fees−0.231%+ Points / potential airdropPacifica: Active · farm board−$23 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.017%, so right now this pair is about funding alone: −$29 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.254% in total (about -13.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.20 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica PAXG | 4,334.2 | 0.0100 | pay 0.0013% / 1h | 49m 08s | $1.0M | $306K | 10x |
| Short | dYdX PAXG-USD | 4,332.7 | −0.0860 | pay 0.0107% / 1h | 49m 08s | $117K | $16K | 5x |
Pacifica PAXG
dYdX PAXG-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX 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
- −$201.56
- Price spread: −0.033% → −0.017%
- −$1.6
- Slippage, 4 orders
- −$27.06
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$248.22
- Costs to cover
- 0.451%
- Break-even
- never at this rate
Slippage from Pacifica: live order book, 3 min ago; dYdX: live order book, 62 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, 3 min ago | 0.46 bp | 5.0 bp −$5 | doesn't fit | doesn't fit | doesn't fit |
| Sell dYdX live order book, 62 min ago | 8.11 bp | 13.1 bp −$13 | 55.6 bp −$556 | 151.0 bp −$15.1K | 858.7 bp −$429.3K |
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-USDshort | −0.0860% | 1h | 4,332.7 | −0.033% | $117K | $16K | 5x | |
| Gate PAXG_USDT | 0.0000% | 8h | 4,335.2 | +0.024% | $15.7M | $4.0M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,328.7 | −0.125% | $2K | $2.8M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,336.6 | +0.056% | $7.9M | $180K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,338.8 | +0.108% | $913K | $824K | 75x | as long as short |
| Lighter PAXG | +0.0032% | 1h | 4,331.4 | −0.064% | $1.4M | $499K | 25x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.303% | $1K | $151K | 30x | as long as short |
| Paradex PAXG-USD-PERP | +0.0098% | 8h | 4,330.8 | −0.077% | $80K | $4.3M | 50x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,332.6 | −0.036% | $21.3M | $2.5M | 10x | as long as short |
| Aster PAXGUSDT | +0.0100% | 4h | 4,333.8 | −0.009% | $907K | $41K | 50x | as long as short |
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
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 PAXGlong | +0.0100% | 1h | 4,334.2 | long leg | $1.0M | $306K | 10x | |
| Binance PAXGUSDT | +0.0100% | 4h | 4,332.9 | −0.028% | $80.3M | $81.7M | 75x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,332.8 | −0.031% | $14.9M | $4.7M | 75x | as long as short |
| MEXC PAXG_USDT | +0.0100% | 4h | 4,336.2 | +0.048% | $16.6M | $1.2M | 100x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,336.3 | +0.050% | $28.9M | $5.9M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,332.8 | −0.031% | $9.2M | $16.8M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,333.6 | −0.013% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,333.2 | −0.022% | $1.2M | $872K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,333.6 | −0.012% | $12.2M | $279K | — | as long as short |
| GRVT PAXG_USDT_Perp | +0.0100% | 4h | 4,333.3 | −0.019% | $1.5M | $1.9M | 10x | as long as short |
| ApeX Omni PAXGUSDT | +0.0100% | 1h | 4,333.6 | −0.012% | $262K | $798K | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,332.3 | −0.043% | $556 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,329 | −0.119% | $1.5M | $82K | 50x | as long as short |
| Extended PAXG-USD | +0.0104% | 1h | 4,331.6 | −0.060% | $374K | $1.5M | 25x | as long as short |
| Kraken Futures PF_PAXGUSD | +0.0187% | 1h | 4,334 | −0.003% | $1.2M | $2.1M | 20x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,333.6 | −0.012% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0264% | 1h | 4,337.3 | +0.072% | $928K | $1.1M | 50x | as long as short |
| Hibachi PAXG/USDT-P | +0.0320% | 1h | 4,335.4 | +0.030% | $43K | $181K | 20x | as long as short |
| 01 Exchange PAXGUSD | +0.0952% | 1h | 4,343 | +0.204% | $29K | $23K | 10x | as long as short |
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
Extended PAXG-USD
Kraken Futures PF_PAXGUSD
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
Hibachi PAXG/USDT-P
01 Exchange PAXGUSD