Funding you earn now, next payment 11:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.004%
Price spread now: MEXC against Backpack+0.081%7-day average +0.057% · you sell dearer than you buy
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$220.220% of the position
Funding, last 7 days−0.062%−$6 on $10k
+Price spread, last 7 days−0.164%−$16 · spread now +0.081%, 7d avg +0.057%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.025% dearer against Backpack than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.057%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack PAXG_USDC_PERP | 4,333 | 0.0100 | pay 0.0013% / 1h | 52m 58s | $1.2M | $872K | 50x |
| Short | MEXC PAXG_USDT | 4,336.6 | 0.0100 | get 0.0050% / 4h | 1h 52m | $16.6M | $1.2M | 100x |
Backpack PAXG_USDC_PERP
MEXC PAXG_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- Price spread: +0.081% → +0.057%
- $2.46
- Slippage, 4 orders
- −$7.98
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$19.52
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 4 min ago; MEXC: 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 Backpack live order book, 4 min ago | 0.01 bp | 5.0 bp −$5 | 6.0 bp −$60 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 4 min ago | 0.06 bp | 2.9 bp −$3 | 14.8 bp −$148 | 49.5 bp −$4,955 | 103.8 bp −$51.9K |
PAXG on 29 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX PAXG-USD | −0.0908% | 1h | 4,332.7 | −0.007% | $117K | $16K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,335 | +0.045% | $15.7M | $4.0M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,330.1 | −0.069% | $2K | $2.8M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,337.2 | +0.096% | $7.9M | $180K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,339 | +0.137% | $913K | $821K | 75x | as long as short |
| Lighter PAXG | +0.0032% | 1h | 4,331.8 | −0.030% | $1.4M | $498K | 25x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.329% | $1K | $151K | 30x | as long as short |
| Paradex PAXG-USD-PERP | +0.0098% | 8h | 4,332 | −0.023% | $80K | $4.3M | 50x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,333 | −0.001% | $21.3M | $2.5M | 10x | as long as short |
| Aster PAXGUSDT | +0.0100% | 4h | 4,334.2 | +0.026% | $907K | $41K | 50x | as long as short |
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Lighter PAXG
Injective PAXG/USDC PERP
Paradex PAXG-USD-PERP
Hyperliquid PAXG
Aster PAXGUSDTShow all 29 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica PAXG | +0.0100% | 1h | 4,335.5 | +0.058% | $1.0M | $303K | 10x | as long as short |
| Binance PAXGUSDT | +0.0100% | 4h | 4,332.9 | −0.004% | $80.2M | $81.7M | 75x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,333.2 | +0.003% | $14.9M | $4.7M | 75x | as long as short |
| MEXC PAXG_USDTshort | +0.0100% | 4h | 4,336.6 | +0.081% | $16.6M | $1.2M | 100x | |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,336.3 | +0.075% | $28.9M | $5.9M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,333 | −0.001% | $9.2M | $16.8M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,334.2 | +0.028% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERPlong | +0.0100% | 1h | 4,333 | long leg | $1.2M | $872K | 50x | |
| Variational Omni PAXG | +0.0100% | 4h | 4,332.7 | −0.007% | $12.2M | $279K | — | as long as short |
| GRVT PAXG_USDT_Perp | +0.0100% | 4h | 4,336.2 | +0.073% | $1.5M | $1.9M | 10x | as long as short |
| ApeX Omni PAXGUSDT | +0.0100% | 1h | 4,335 | +0.045% | $262K | $798K | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,331.6 | −0.033% | $556 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,329 | −0.093% | $1.5M | $81K | 50x | as long as short |
| Extended PAXG-USD | +0.0104% | 1h | 4,331.5 | −0.036% | $374K | $1.5M | 25x | as long as short |
| Kraken Futures PF_PAXGUSD | +0.0187% | 1h | 4,334.5 | +0.035% | $1.2M | $2.1M | 20x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,331.9 | −0.027% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0264% | 1h | 4,332.6 | −0.011% | $934K | $1.1M | 50x | as long as short |
| Hibachi PAXG/USDT-P | +0.0320% | 1h | 4,336.1 | +0.071% | $43K | $181K | 20x | as long as short |
| 01 Exchange PAXGUSD | +0.0952% | 1h | 4,344.4 | +0.262% | $29K | $23K | 10x | as long as short |
Pacifica PAXG
Binance PAXGUSDT
Bybit PAXGUSDT
KuCoin PAXGUSDTM
Bitget PAXGUSDT
BingX PAXG-USDT
Variational Omni PAXG
GRVT PAXG_USDT_Perp
ApeX Omni PAXGUSDT
Orderly PERP_PAXG_USDC_mythos
Phemex PAXGUSDT
Extended PAXG-USD
Kraken Futures PF_PAXGUSD
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
Hibachi PAXG/USDT-P
01 Exchange PAXGUSD