Funding you earn now, next payment 08:00 UTC−0.0098%/8h= −10.7% APRpaid last 24h −0.030%
Price spread now: Deribit against Paradex+0.093%7-day average +0.077% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$22as in the Price arb table
costs, in and out, $10k−$240.241% of the position
Funding, last 4 days (all we have)−0.110%−$11 on $10k
+Price spread, last 4 days (all we have)−0.010%−$1 · spread now +0.093%, 7d avg +0.077%
=Together, before fees−0.120%+ Points / potential airdropParadex: Active · farm board−$12 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.077%, 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 | Paradex PAXG-USD-PERP | 4,318.1 | 0.0098 | pay 0.0098% / 8h | 58m 01s | $85K | $3.3M | 50x |
| Short | Deribit PAXG_USDC-PERPETUAL | 4,322.1 | 0 | get 0.0000% / 1h | 58m 01s | $7.9M | $814K | 50x |
Paradex PAXG-USD-PERP
Deribit PAXG_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Paradex. 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
- −$20.61
- Price spread: +0.093% → +0.077%
- $1.61
- Slippage, 4 orders
- −$13.06
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$43.06
- Costs to cover
- 0.241%
- Break-even
- never at this rate
Slippage from Paradex: live order book, 1 min ago; Deribit: live order book, 1 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 Paradex live order book, 1 min ago | 2.29 bp | 4.3 bp −$4 | 97.9 bp −$979 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 1 min ago | 3.04 bp | 7.1 bp −$7 | 14.3 bp −$143 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter PAXG | −0.0184% | 1h | 4,315.9 | −0.051% | $1.4M | $478K | 25x | as long as short |
| GRVT PAXG_USDT_Perp | −0.0106% | 4h | 4,317.7 | −0.010% | $1.5M | $2.0M | 10x | as long as short |
| Hibachi PAXG/USDT-P | −0.0080% | 1h | 4,318 | −0.003% | $42K | $167K | 20x | as long as short |
| Kraken Futures PF_PAXGUSD | −0.0055% | 1h | 4,318.9 | +0.018% | $1.2M | $1.9M | 20x | as long as short |
| MEXC PAXG_USDT | −0.0004% | 4h | 4,322.8 | +0.108% | $16.6M | $1.0M | 100x | as long as short |
| Binance PAXGUSDT | −0.0003% | 4h | 4,318.7 | +0.014% | $79.7M | $75.1M | 75x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,317.9 | −0.006% | $101K | $12K | 5x | as long as short |
| Extended PAXG-USD | 0.0000% | 1h | 4,317.5 | −0.014% | $374K | $919K | 25x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,319.8 | +0.039% | $15.6M | $3.6M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,314.6 | −0.081% | $2K | $3.3M | 20x | as long as short |
Lighter PAXG
GRVT PAXG_USDT_Perp
Hibachi PAXG/USDT-P
Kraken Futures PF_PAXGUSD
MEXC PAXG_USDT
Binance PAXGUSDT
dYdX PAXG-USD
Extended PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit PAXG_USDC-PERPETUALshort | 0.0000% | 1h | 4,322.1 | +0.093% | $7.9M | $814K | 50x | |
| HTX PAXG-USDT | 0.0000% | 4h | 4,321.2 | +0.072% | $902K | $775K | 75x | as long as short |
| Aster PAXGUSDT | +0.0013% | 4h | 4,320 | +0.044% | $901K | $27K | 50x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.676% | $1K | $151K | 30x | as long as short |
| ApeX Omni PAXGUSDT | +0.0045% | 1h | 4,317.3 | −0.019% | $261K | $773K | 50x | as long as short |
| Bitget PAXGUSDT | +0.0094% | 4h | 4,317.7 | −0.009% | $9.4M | $16.4M | 50x | as long as short |
| Paradex PAXG-USD-PERPlong | +0.0098% | 8h | 4,318.1 | long leg | $85K | $3.3M | 50x | |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,318 | −0.003% | $554 | — | 10x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,318.8 | +0.016% | $20.8M | $2.4M | 10x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,319.2 | +0.024% | $1.0M | $306K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,318.8 | +0.016% | $14.9M | $4.0M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,320.4 | +0.053% | $28.6M | $5.3M | 30x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,318.8 | +0.016% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,318.7 | +0.013% | $1.3M | $826K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,316.8 | −0.031% | $12.3M | $223K | — | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,316 | −0.049% | $1.5M | $52K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,317.4 | −0.016% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0224% | 1h | 4,322.2 | +0.094% | $949K | $1.0M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0824% | 1h | 4,329 | +0.252% | $29K | $23K | 10x | as long as short |
HTX PAXG-USDT
Aster PAXGUSDT
Injective PAXG/USDC PERP
ApeX Omni PAXGUSDT
Bitget PAXGUSDT
Orderly PERP_PAXG_USDC_mythos
Hyperliquid PAXG
Pacifica PAXG
Bybit PAXGUSDT
KuCoin PAXGUSDTM
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
Phemex PAXGUSDT
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD