Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.50 per $10,000 · paid last 24h −0.030%
Price spread now: SunX against Phemex−0.069%7-day average −0.054% · you buy dearer than you sell
Net, funding: paid 7d − costs−$139as in the Funding arb table
Net, price: spread back to 7d avg − costs−$120as in the Price arb table
costs, in and out, $10k−$1181.184% of the position
Funding, last 7 days−0.210%−$21 on $10k
+Price spread, last 4 days (all we have)+0.010%+$1 · spread now −0.069%, 7d avg −0.054%
=The price spread sits at its 7-day average of −0.054%, 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 | Phemex PAXGUSDT | 4,333 | 0.0100 | pay 0.0050% / 4h | 3h 43m | $1.5M | $39K | 50x |
| Short | SunX PAXG-USDT | 4,330 | 0 | get 0.0000% / 4h | 3h 43m | $2K | $3.6M | 20x |
Phemex PAXGUSDT
SunX PAXG-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX against Phemex. 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: −0.069% → −0.054%
- −$1.52
- Slippage, 4 orders
- −$98.44
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$140.96
- Costs to cover
- 1.184%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 4 min ago; SunX: 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 Phemex live order book, 4 min ago | 5.77 bp | 26.9 bp −$27 | doesn't fit | doesn't fit | doesn't fit |
| Sell SunX live order book, 4 min ago | 21.55 bp | 25.5 bp −$26 | 55.1 bp −$551 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hibachi PAXG/USDT-P | −0.0168% | 1h | 4,335.8 | +0.064% | $42K | $154K | 20x | as long as short |
| Lighter PAXG | −0.0160% | 1h | 4,333.7 | +0.015% | $1.4M | $362K | 25x | as long as short |
| GRVT PAXG_USDT_Perp | −0.0144% | 4h | 4,333.7 | +0.016% | $1.5M | $1.9M | 10x | as long as short |
| ApeX Omni PAXGUSDT | −0.0086% | 1h | 4,335.3 | +0.054% | $262K | $787K | 50x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,334.8 | +0.041% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,337.3 | +0.099% | $15.6M | $3.4M | 100x | as long as short |
| SunX PAXG-USDTshort | 0.0000% | 4h | 4,330 | −0.069% | $2K | $3.6M | 20x | |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,338.6 | +0.130% | $7.9M | $868K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,339.9 | +0.158% | $903K | $684K | 75x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.330% | $1K | $151K | 30x | as long as short |
Hibachi PAXG/USDT-P
Lighter PAXG
GRVT PAXG_USDT_Perp
ApeX Omni PAXGUSDT
dYdX PAXG-USD
Gate PAXG_USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Injective PAXG/USDC PERPShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance PAXGUSDT | +0.0060% | 4h | 4,334.9 | +0.043% | $80.0M | $71.2M | 75x | as long as short |
| MEXC PAXG_USDT | +0.0062% | 4h | 4,337.5 | +0.104% | $16.1M | $1.0M | 100x | as long as short |
| Extended PAXG-USD | +0.0064% | 1h | 4,333.6 | +0.014% | $378K | $1.4M | 25x | as long as short |
| Kraken Futures PF_PAXGUSD | +0.0065% | 1h | 4,335.9 | +0.067% | $1.3M | $1.4M | 20x | as long as short |
| Paradex PAXG-USD-PERP | +0.0100% | 8h | 4,335.1 | +0.048% | $81K | $3.7M | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,334.7 | +0.039% | $556 | — | 10x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,335.6 | +0.060% | $20.7M | $2.4M | 10x | as long as short |
| Aster PAXGUSDT | +0.0100% | 4h | 4,335.7 | +0.062% | $905K | $27K | 50x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,337.2 | +0.097% | $1.0M | $338K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,335.8 | +0.065% | $14.9M | $3.8M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,337.4 | +0.102% | $28.6M | $5.3M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,335.7 | +0.061% | $9.7M | $15.2M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,336 | +0.070% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,335.9 | +0.066% | $1.3M | $800K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,336 | +0.069% | $12.3M | $227K | — | as long as short |
| Phemex PAXGUSDTlong | +0.0100% | 4h | 4,333 | long leg | $1.5M | $39K | 50x | |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,335.5 | +0.058% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0296% | 1h | 4,336.7 | +0.085% | $987K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.1016% | 1h | 4,346.7 | +0.316% | $29K | $23K | 10x | as long as short |
Binance PAXGUSDT
MEXC PAXG_USDT
Extended PAXG-USD
Kraken Futures PF_PAXGUSD
Paradex PAXG-USD-PERP
Orderly PERP_PAXG_USDC_mythos
Hyperliquid PAXG
Aster PAXGUSDT
Pacifica PAXG
Bybit PAXGUSDT
KuCoin PAXGUSDTM
Bitget PAXGUSDT
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD