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: BingX against SunX+0.100%7-day average +0.122% · you sell dearer than you buy
Net, funding: paid 7d − costs−$53as in the Funding arb table
Net, price: spread back to 7d avg − costs−$76as in the Price arb table
costs, in and out, $10k−$740.742% of the position
Funding, last 7 days+0.210%+$21 on $10k
+Price spread, last 4 days (all we have)+0.018%+$2 · spread now +0.100%, 7d avg +0.122%
=Funding pays, the price is against you. BingX is 0.021% cheaper against SunX than usual: you would sell low and buy high (spread +0.100% now, against its 7-day average of +0.122%). If the spread goes back, that is −$2 on $10k: about 17 hours of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SunX PAXG-USDT | 4,307.8 | 0 | get 0.0000% / 4h | 14m 07s | $2K | $3.2M | 20x |
| Short | BingX PAXG-USDT | 4,312.1 | 0.0100 | get 0.0050% / 4h | 14m 07s | — | $6.8M | — |
SunX PAXG-USDT
BingX PAXG-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against SunX. 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: +0.100% → +0.122%
- −$2.13
- Slippage, 4 orders
- −$56.19
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$55.33
- Costs to cover
- 0.742%
- Break-even
- 25.4 days
Slippage from SunX: live order book, 4 min ago; BingX: live order book, 3 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 SunX live order book, 4 min ago | 21.54 bp | 38.3 bp −$38 | 67.5 bp −$675 | doesn't fit | doesn't fit |
| Sell BingX live order book, 3 min ago | 0.07 bp | 5.1 bp −$5 | 7.2 bp −$72 | 11.5 bp −$1,152 | 37.1 bp −$18.5K |
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 | −0.0192% | 1h | 4,309.3 | +0.037% | $1.4M | $497K | 25x | as long as short |
| Hibachi PAXG/USDT-P | −0.0152% | 1h | 4,310.7 | +0.069% | $41K | $170K | 20x | as long as short |
| GRVT PAXG_USDT_Perp | −0.0110% | 4h | 4,313.2 | +0.126% | $1.5M | $2.0M | 10x | as long as short |
| Kraken Futures PF_PAXGUSD | −0.0055% | 1h | 4,311.3 | +0.082% | $1.2M | $1.7M | 20x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,313.4 | +0.130% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,312.9 | +0.120% | $15.5M | $3.7M | 100x | as long as short |
| SunX PAXG-USDTlong | 0.0000% | 4h | 4,307.8 | long leg | $2K | $3.2M | 20x | |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,316.4 | +0.202% | $7.9M | $594K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,314.1 | +0.146% | $902K | $796K | 75x | as long as short |
| MEXC PAXG_USDT | +0.0022% | 4h | 4,318.5 | +0.250% | $16.6M | $1.1M | 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
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 PAXGUSDT | +0.0023% | 4h | 4,311.6 | +0.088% | $79.6M | $75.9M | 75x | as long as short |
| Extended PAXG-USD | +0.0024% | 1h | 4,310.1 | +0.055% | $376K | $1.5M | 25x | as long as short |
| Aster PAXGUSDT | +0.0028% | 4h | 4,311.6 | +0.089% | $899K | $30K | 50x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.918% | $1K | $151K | 30x | as long as short |
| ApeX Omni PAXGUSDT | +0.0041% | 1h | 4,312.8 | +0.116% | $261K | $774K | 50x | as long as short |
| Bitget PAXGUSDT | +0.0054% | 4h | 4,310.7 | +0.069% | $9.5M | $15.9M | 50x | as long as short |
| Paradex PAXG-USD-PERP | +0.0097% | 8h | 4,311 | +0.077% | $85K | $3.8M | 50x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,311.5 | +0.086% | $20.7M | $2.3M | 10x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,313 | +0.121% | $1.0M | $302K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,311.5 | +0.087% | $14.9M | $4.0M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,312.9 | +0.119% | $28.6M | $5.3M | 30x | as long as short |
| BingX PAXG-USDTshort | +0.0100% | 4h | 4,312.1 | +0.100% | — | $6.8M | — | |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,312.2 | +0.103% | $1.3M | $834K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,310.3 | +0.059% | $12.2M | $218K | — | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,311.3 | +0.082% | $553 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,312 | +0.099% | $1.5M | $53K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,309.8 | +0.048% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0224% | 1h | 4,316.2 | +0.196% | $953K | $1.0M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0920% | 1h | 4,322.3 | +0.338% | $29K | $23K | 10x | as long as short |
Binance PAXGUSDT
Extended PAXG-USD
Aster PAXGUSDT
Injective PAXG/USDC PERP
ApeX Omni PAXGUSDT
Bitget PAXGUSDT
Paradex PAXG-USD-PERP
Hyperliquid PAXG
Pacifica PAXG
Bybit PAXGUSDT
KuCoin PAXGUSDTM
Backpack PAXG_USDC_PERP
Variational Omni PAXG
Orderly PERP_PAXG_USDC_mythos
Phemex PAXGUSDT
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD