Funding you earn now, next payment 06:00 UTC−0.0840%/8h= −92.0% APRnext payment −$1.05 per $10,000 · paid last 24h −0.233%
Price spread now: Extended against 01 Exchange−0.287%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$25 a day on $10k at the current rate, and Extended is 0.287% cheaper against 01 Exchange than usual: you would sell low and buy high (−$29 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | 01 Exchange PAXGUSD | 4,335.2 | 0.0856 | pay 0.0107% / 1h | 1m 24s | $29K | $24K | 10x |
| Short | Extended PAXG-USD | 4,322.7 | 0.0016 | get 0.0002% / 1h | 1m 24s | $376K | $1.4M | 25x |
01 Exchange PAXGUSD
Extended PAXG-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against 01 Exchange. 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
- −$176.4
- Price spread: −0.287% → 0.000%
- −$28.72
- Slippage, 4 orders
- no order book: not counted
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$217.12
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: 01 Exchange: no order-book sample; Extended: live order book, 2 min ago. Net counts fees only.
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 01 Exchange no order-book sample | — | — | — | — | — |
| Sell Extended live order book, 2 min ago | 0.12 bp | 2.7 bp −$3 | 4.1 bp −$41 | doesn't fit | doesn't fit |
01 Exchange: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0136% | 1h | 4,322.3 | −0.298% | $1.4M | $392K | 25x | as long as short |
| Hibachi PAXG/USDT-P | −0.0112% | 1h | 4,324.6 | −0.244% | $42K | $165K | 20x | as long as short |
| Kraken Futures PF_PAXGUSD | −0.0102% | 1h | 4,324.4 | −0.249% | $1.2M | $1.9M | 20x | as long as short |
| GRVT PAXG_USDT_Perp | −0.0074% | 4h | 4,323.9 | −0.260% | $1.5M | $2.0M | 10x | as long as short |
| ApeX Omni PAXGUSDT | −0.0007% | 1h | 4,327.7 | −0.174% | $262K | $783K | 50x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,325.2 | −0.230% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,326.1 | −0.210% | $15.6M | $3.8M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,320.6 | −0.336% | $1K | $3.4M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,328 | −0.165% | $7.9M | $835K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,330.5 | −0.108% | $902K | $746K | 75x | as long as short |
Lighter PAXG
Hibachi PAXG/USDT-P
Kraken Futures PF_PAXGUSD
GRVT PAXG_USDT_Perp
ApeX Omni PAXGUSDT
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance PAXGUSDT | +0.0010% | 4h | 4,323.6 | −0.268% | $79.7M | $74.3M | 75x | as long as short |
| MEXC PAXG_USDT | +0.0012% | 4h | 4,326 | −0.213% | $16.5M | $1.1M | 100x | as long as short |
| Extended PAXG-USDshort | +0.0016% | 1h | 4,322.7 | −0.287% | $376K | $1.4M | 25x | |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.279% | $1K | $151K | 30x | as long as short |
| Aster PAXGUSDT | +0.0037% | 4h | 4,326.1 | −0.210% | $903K | $27K | 50x | as long as short |
| Paradex PAXG-USD-PERP | +0.0097% | 8h | 4,324.3 | −0.252% | $81K | $3.2M | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,323.6 | −0.268% | $555 | — | 10x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,323.6 | −0.268% | $20.8M | $2.4M | 10x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,326.2 | −0.208% | $1.0M | $336K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,325 | −0.235% | $14.9M | $4.0M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,326 | −0.212% | $28.5M | $5.3M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,323.5 | −0.270% | $9.3M | $16.1M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,325.2 | −0.231% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,324.5 | −0.247% | $1.3M | $811K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,330 | −0.120% | $12.3M | $221K | — | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,321 | −0.328% | $1.5M | $46K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,323.3 | −0.275% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0248% | 1h | 4,333.5 | −0.040% | $978K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSDlong | +0.0856% | 1h | 4,335.2 | long leg | $29K | $24K | 10x |
Binance PAXGUSDT
MEXC PAXG_USDT
Injective PAXG/USDC PERP
Aster PAXGUSDT
Paradex PAXG-USD-PERP
Orderly PERP_PAXG_USDC_mythos
Hyperliquid PAXG
Pacifica PAXG
Bybit PAXGUSDT
KuCoin PAXGUSDTM
Bitget PAXGUSDT
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
Phemex PAXGUSDT
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX