Funding you earn now, next payment 04:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h −0.001%
Price spread now: Extended against Backpack−0.050%7-day average −0.079% · you buy dearer than you sell
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$12as in the Price arb table
costs, in and out, $10k−$150.154% of the position
Funding, last 7 days−0.051%−$5 on $10k
+Price spread, last 7 days+0.163%+$16 · spread now −0.050%, 7d avg −0.079%
=Together, before fees+0.112%+ Points / potential airdropExtended: Active · farm board+$11 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.029% dearer against Backpack than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.079%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack PAXG_USDC_PERP | 4,342 | 0.0100 | pay 0.0013% / 1h | 40m 27s | $1.3M | $801K | 50x |
| Short | Extended PAXG-USD | 4,339.8 | 0.0104 | get 0.0013% / 1h | 40m 27s | $379K | $1.4M | 25x |
Backpack PAXG_USDC_PERP
Extended PAXG-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Backpack. 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
- $0.84
- Price spread: −0.050% → −0.079%
- $2.95
- Slippage, 4 orders
- −$0.37
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$11.59
- Costs to cover
- 0.154%
- Break-even
- 103.6 days
Slippage from Backpack: live order book, 4 min ago; Extended: 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 Backpack live order book, 4 min ago | 0.01 bp | 5.0 bp −$5 | 6.1 bp −$61 | doesn't fit | doesn't fit |
| Sell Extended live order book, 3 min ago | 0.12 bp | 2.7 bp −$3 | 4.1 bp −$41 | 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 | −0.0120% | 1h | 4,341.2 | −0.019% | $42K | $159K | 20x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,341.9 | −0.002% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,343.3 | +0.030% | $15.6M | $3.3M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,338.4 | −0.084% | $2K | $3.6M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,344.7 | +0.062% | $7.9M | $868K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,344.7 | +0.063% | $905K | $671K | 75x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.123% | $1K | $151K | 30x | as long as short |
| Lighter PAXG | +0.0072% | 1h | 4,340 | −0.047% | $1.4M | $347K | 25x | as long as short |
| Paradex PAXG-USD-PERP | +0.0100% | 8h | 4,341.5 | −0.010% | $81K | $3.7M | 50x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,341 | −0.023% | $20.8M | $2.4M | 10x | as long as short |
Hibachi PAXG/USDT-P
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Injective PAXG/USDC PERP
Lighter PAXG
Paradex PAXG-USD-PERP
Hyperliquid PAXGShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster PAXGUSDT | +0.0100% | 4h | 4,342.4 | +0.009% | $906K | $30K | 50x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,342.2 | +0.005% | $1.0M | $339K | 10x | as long as short |
| Binance PAXGUSDT | +0.0100% | 4h | 4,340.8 | −0.026% | $80.2M | $70.4M | 75x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,341.5 | −0.011% | $14.9M | $3.8M | 75x | as long as short |
| MEXC PAXG_USDT | +0.0100% | 4h | 4,342.3 | +0.008% | $16.1M | $1.1M | 100x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,343.6 | +0.036% | $28.6M | $5.4M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,341.7 | −0.006% | $9.7M | $14.8M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,341.8 | −0.004% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERPlong | +0.0100% | 1h | 4,342 | long leg | $1.3M | $801K | 50x | |
| Variational Omni PAXG | +0.0100% | 4h | 4,340.7 | −0.028% | $12.4M | $97K | — | as long as short |
| GRVT PAXG_USDT_Perp | +0.0100% | 4h | 4,341.5 | −0.011% | $1.5M | $1.9M | 10x | as long as short |
| ApeX Omni PAXGUSDT | +0.0100% | 1h | 4,340.5 | −0.035% | $262K | $788K | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,340 | −0.046% | $557 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,339 | −0.069% | $1.5M | $39K | 50x | as long as short |
| Extended PAXG-USDshort | +0.0104% | 1h | 4,339.8 | −0.050% | $379K | $1.4M | 25x | |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,339.9 | −0.048% | $21K | — | 100x | as long as short |
| Kraken Futures PF_PAXGUSD | +0.0210% | 1h | 4,342.6 | +0.014% | $1.3M | $1.4M | 20x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0320% | 1h | 4,345.7 | +0.085% | $968K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0896% | 1h | 4,352.1 | +0.233% | $29K | $23K | 10x | as long as short |
Aster PAXGUSDT
Pacifica PAXG
Binance PAXGUSDT
Bybit PAXGUSDT
MEXC PAXG_USDT
KuCoin PAXGUSDTM
Bitget PAXGUSDT
BingX PAXG-USDT
Variational Omni PAXG
GRVT PAXG_USDT_Perp
ApeX Omni PAXGUSDT
Orderly PERP_PAXG_USDC_mythos
Phemex PAXGUSDT
Reya PAXGRUSDPERP
Kraken Futures PF_PAXGUSD
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD