Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.50 per $10,000 · paid last 24h +0.005%
Price spread now: MEXC against Bitget+0.142%7-day average +0.078% · you sell dearer than you buy
Net, funding: paid 7d − costs−$30as in the Funding arb table
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$280.277% of the position
Funding, last 7 days−0.021%−$2 on $10k
+Price spread, last 7 days−0.120%−$12 · spread now +0.142%, 7d avg +0.078%
=The price spread pays, funding is against you. MEXC is 0.064% dearer against Bitget than usual: you sell high and buy low (spread +0.142% now, against its 7-day average of +0.078%): +$6 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.1 days. At the pace of the last 7 days (−0.021% in total) that is about 21 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget PAXGUSDT | 4,316.8 | 0.0094 | pay 0.0047% / 4h | 1h 02m | $9.4M | $16.4M | 50x |
| Short | MEXC PAXG_USDT | 4,322.9 | −0.0006 | pay 0.0003% / 4h | 1h 02m | $16.6M | $1.1M | 100x |
Bitget PAXGUSDT
MEXC PAXG_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Bitget. 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: +0.142% → +0.078%
- $6.35
- Slippage, 4 orders
- −$11.74
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$42.39
- Costs to cover
- 0.277%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 2 min ago; MEXC: live order book, 2 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 Bitget live order book, 2 min ago | 0.01 bp | 9.0 bp −$9 | 11.1 bp −$111 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 2 min ago | 0.01 bp | 8.3 bp −$8 | 23.0 bp −$230 | 54.6 bp −$5,461 | 115.4 bp −$57.7K |
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 | −0.0176% | 1h | 4,315.7 | −0.024% | $1.4M | $482K | 25x | as long as short |
| GRVT PAXG_USDT_Perp | −0.0106% | 4h | 4,317.1 | +0.009% | $1.5M | $2.0M | 10x | as long as short |
| Hibachi PAXG/USDT-P | −0.0096% | 1h | 4,316.4 | −0.009% | $42K | $168K | 20x | as long as short |
| Kraken Futures PF_PAXGUSD | −0.0044% | 1h | 4,318 | +0.028% | $1.2M | $1.9M | 20x | as long as short |
| Extended PAXG-USD | −0.0008% | 1h | 4,316.7 | −0.002% | $378K | $625K | 25x | as long as short |
| Binance PAXGUSDT | −0.0006% | 4h | 4,317.2 | +0.011% | $79.6M | $75.2M | 75x | as long as short |
| MEXC PAXG_USDTshort | −0.0006% | 4h | 4,322.9 | +0.142% | $16.6M | $1.1M | 100x | |
| dYdX PAXG-USD | 0.0000% | 1h | 4,317.9 | +0.026% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,318.6 | +0.043% | $15.6M | $3.8M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,314 | −0.063% | $2K | $3.3M | 20x | as long as short |
Lighter PAXG
GRVT PAXG_USDT_Perp
Hibachi PAXG/USDT-P
Kraken Futures PF_PAXGUSD
Extended PAXG-USD
Binance PAXGUSDT
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,321.9 | +0.120% | $7.9M | $846K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,320.1 | +0.077% | $902K | $775K | 75x | as long as short |
| Aster PAXGUSDT | +0.0009% | 4h | 4,319.3 | +0.058% | $901K | $27K | 50x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.707% | $1K | $151K | 30x | as long as short |
| ApeX Omni PAXGUSDT | +0.0044% | 1h | 4,317.2 | +0.010% | $261K | $772K | 50x | as long as short |
| Bitget PAXGUSDTlong | +0.0094% | 4h | 4,316.8 | long leg | $9.4M | $16.4M | 50x | |
| Paradex PAXG-USD-PERP | +0.0098% | 8h | 4,316.8 | 0.000% | $85K | $3.3M | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,317.1 | +0.008% | $554 | — | 10x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,316.7 | −0.001% | $20.8M | $2.4M | 10x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,318.7 | +0.045% | $1.0M | $316K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,317.8 | +0.024% | $14.9M | $4.0M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,319.5 | +0.063% | $28.6M | $5.3M | 30x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,318.1 | +0.030% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,317.1 | +0.007% | $1.3M | $826K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,317.7 | +0.022% | $12.3M | $223K | — | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,316 | −0.018% | $1.5M | $52K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,317.1 | +0.007% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0232% | 1h | 4,322.2 | +0.125% | $949K | $1.0M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0832% | 1h | 4,328.3 | +0.267% | $29K | $23K | 10x | as long as short |
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Aster PAXGUSDT
Injective PAXG/USDC PERP
ApeX Omni PAXGUSDT
Paradex PAXG-USD-PERP
Orderly PERP_PAXG_USDC_mythos
Hyperliquid PAXG
Pacifica PAXG
Bybit PAXGUSDT
KuCoin PAXGUSDTM
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
Phemex PAXGUSDT
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD