Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Phemex against BingX−0.048%7-day average −0.069% · you buy dearer than you sell
Net, funding: paid 7d − costs−$60as in the Funding arb table
Net, price: spread back to 7d avg − costs−$58as in the Price arb table
costs, in and out, $10k−$600.601% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)−0.005%$0 · spread now −0.048%, 7d avg −0.069%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.021% dearer against BingX than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.069%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX PAXG-USDT | 4,319.1 | 0.0100 | pay 0.0050% / 4h | 1h 45m | — | $6.8M | — |
| Short | Phemex PAXGUSDT | 4,317 | 0.0100 | get 0.0050% / 4h | 1h 45m | $1.5M | $52K | 50x |
BingX PAXG-USDT
Phemex PAXGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against BingX. 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: −0.048% → −0.069%
- $2.05
- Slippage, 4 orders
- −$38.11
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$58.05
- Costs to cover
- 0.601%
- Break-even
- never at this rate
Slippage from BingX: live order book, 7 min ago; Phemex: 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 BingX live order book, 7 min ago | 0.07 bp | 6.0 bp −$6 | 6.4 bp −$64 | 10.6 bp −$1,063 | 26.7 bp −$13.3K |
| Sell Phemex live order book, 3 min ago | 1.16 bp | 28.3 bp −$28 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter PAXG | −0.0208% | 1h | 4,316.6 | −0.058% | $1.4M | $465K | 25x | as long as short |
| Hibachi PAXG/USDT-P | −0.0168% | 1h | 4,317.6 | −0.034% | $46K | $169K | 20x | as long as short |
| GRVT PAXG_USDT_Perp | −0.0104% | 4h | 4,315.2 | −0.091% | $1.5M | $2.0M | 10x | as long as short |
| ApeX Omni PAXGUSDT | −0.0053% | 1h | 4,314.9 | −0.098% | $261K | $771K | 50x | as long as short |
| Kraken Futures PF_PAXGUSD | −0.0044% | 1h | 4,319.5 | +0.009% | $1.2M | $1.9M | 20x | as long as short |
| Extended PAXG-USD | −0.0008% | 1h | 4,317.4 | −0.039% | $378K | $1.1M | 25x | as long as short |
| Binance PAXGUSDT | −0.0006% | 4h | 4,318.5 | −0.013% | $79.5M | $74.9M | 75x | as long as short |
| MEXC PAXG_USDT | −0.0004% | 4h | 4,322.6 | +0.082% | $16.5M | $1.0M | 100x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,317.9 | −0.028% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,319.2 | +0.003% | $15.6M | $3.8M | 100x | as long as short |
Lighter PAXG
Hibachi PAXG/USDT-P
GRVT PAXG_USDT_Perp
ApeX Omni PAXGUSDT
Kraken Futures PF_PAXGUSD
Extended PAXG-USD
Binance PAXGUSDT
MEXC PAXG_USDT
dYdX PAXG-USD
Gate PAXG_USDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX PAXG-USDT | 0.0000% | 4h | 4,314.9 | −0.097% | $2K | $3.4M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,322.9 | +0.089% | $7.9M | $851K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,322.3 | +0.074% | $904K | $767K | 75x | as long as short |
| Aster PAXGUSDT | +0.0016% | 4h | 4,320 | +0.021% | $901K | $27K | 50x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.653% | $1K | $151K | 30x | as long as short |
| Paradex PAXG-USD-PERP | +0.0097% | 8h | 4,317.3 | −0.041% | $87K | $3.2M | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,317.9 | −0.027% | $554 | — | 10x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,318.8 | −0.007% | $20.7M | $2.4M | 10x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,319.2 | +0.002% | $1.0M | $317K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,319.1 | +0.001% | $14.9M | $4.1M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,320.7 | +0.037% | $28.6M | $5.3M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,318.2 | −0.020% | $9.4M | $16.6M | 50x | as long as short |
| BingX PAXG-USDTlong | +0.0100% | 4h | 4,319.1 | long leg | — | $6.8M | — | |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,317 | −0.049% | $1.3M | $814K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,316.5 | −0.060% | $12.2M | $221K | — | as long as short |
| Phemex PAXGUSDTshort | +0.0100% | 4h | 4,317 | −0.048% | $1.5M | $52K | 50x | |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,317.9 | −0.026% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0232% | 1h | 4,319 | −0.002% | $975K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0800% | 1h | 4,329 | +0.230% | $29K | $23K | 10x | as long as short |
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Aster PAXGUSDT
Injective PAXG/USDC PERP
Paradex PAXG-USD-PERP
Orderly PERP_PAXG_USDC_mythos
Hyperliquid PAXG
Pacifica PAXG
Bybit PAXGUSDT
KuCoin PAXGUSDTM
Bitget PAXGUSDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD