Funding you earn now, next payment 23:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%
Price spread now: Deribit against Bybit+0.047%7-day average +0.039% · you sell dearer than you buy
Net, funding: paid 7d − costs−$51as in the Funding arb table
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$300.297% of the position
Funding, last 7 days−0.210%−$21 on $10k
+Price spread, last 3 days (all we have)+0.021%+$2 · spread now +0.047%, 7d avg +0.039%
=The price spread sits at its 7-day average of +0.039%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit PAXGUSDT | 4,357.8 | 0.0100 | pay 0.0050% / 4h | 1h 04m | $15.2M | $3.6M | 75x |
| Short | Deribit PAXG_USDC-PERPETUAL | 4,359.9 | 0 | get 0.0000% / 1h | 4m 42s | $7.9M | $866K | 50x |
Bybit PAXGUSDT
Deribit PAXG_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Bybit. 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: +0.047% → +0.039%
- $0.78
- Slippage, 4 orders
- −$11.75
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$49.96
- Costs to cover
- 0.297%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 9 min ago; Deribit: 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 Bybit live order book, 9 min ago | 0.12 bp | 7.7 bp −$8 | 10.9 bp −$109 | 26.9 bp −$2,695 | doesn't fit |
| Sell Deribit live order book, 4 min ago | 3.61 bp | 7.1 bp −$7 | 14.2 bp −$142 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX PAXG-USD | 0.0000% | 1h | 4,354.3 | −0.081% | $102K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,358.8 | +0.023% | $15.8M | $3.6M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,351.2 | −0.152% | $2K | $3.9M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUALshort | 0.0000% | 1h | 4,359.9 | +0.047% | $7.9M | $866K | 50x | |
| HTX PAXG-USDT | 0.0000% | 4h | 4,358.8 | +0.024% | $911K | $634K | 75x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | −0.241% | $1K | $151K | 30x | as long as short |
| Kraken Futures PF_PAXGUSD | +0.0080% | 1h | 4,358.5 | +0.016% | $1.3M | $1.4M | 20x | as long as short |
| Lighter PAXG | +0.0096% | 1h | 4,356.2 | −0.038% | $1.4M | $274K | 25x | as long as short |
| Paradex PAXG-USD-PERP | +0.0100% | 8h | 4,356.9 | −0.020% | $80K | $3.7M | 50x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,357.1 | −0.015% | $20.4M | $1.8M | 10x | as long as short |
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
HTX PAXG-USDT
Injective PAXG/USDC PERP
Kraken Futures PF_PAXGUSD
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 | 4,356.9 | −0.020% | $909K | $29K | 50x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,358.1 | +0.007% | $1.0M | $344K | 10x | as long as short |
| Binance PAXGUSDT | +0.0100% | 4h | 4,357.7 | −0.003% | $80.3M | $67.3M | 75x | as long as short |
| Bybit PAXGUSDTlong | +0.0100% | 4h | 4,357.8 | long leg | $15.2M | $3.6M | 75x | |
| MEXC PAXG_USDT | +0.0100% | 4h | 4,353.5 | −0.099% | $16.0M | $1.3M | 100x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,358.2 | +0.009% | $26.9M | $5.2M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,357.3 | −0.011% | $9.2M | $13.3M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,356.8 | −0.022% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,357.1 | −0.016% | $1.4M | $954K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,356.4 | −0.033% | $12.5M | $104K | — | as long as short |
| GRVT PAXG_USDT_Perp | +0.0100% | 4h | 4,355.3 | −0.057% | $1.5M | $1.9M | 10x | as long as short |
| ApeX Omni PAXGUSDT | +0.0100% | 1h | 4,354.7 | −0.070% | $263K | $797K | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,355.3 | −0.057% | $559 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,352 | −0.133% | $1.5M | $38K | 50x | as long as short |
| Extended PAXG-USD | +0.0104% | 1h | 4,356.1 | −0.038% | $378K | $1.2M | 25x | as long as short |
| Hibachi PAXG/USDT-P | +0.0112% | 1h | 4,356.6 | −0.028% | $48K | $139K | 20x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,356.3 | −0.034% | $21K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0320% | 1h | 4,357.4 | −0.010% | $976K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.1272% | 1h | 4,367 | +0.211% | $29K | $22K | 10x | as long as short |
Aster PAXGUSDT
Pacifica PAXG
Binance PAXGUSDT
MEXC PAXG_USDT
KuCoin PAXGUSDTM
Bitget PAXGUSDT
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
GRVT PAXG_USDT_Perp
ApeX Omni PAXGUSDT
Orderly PERP_PAXG_USDC_mythos
Phemex PAXGUSDT
Extended PAXG-USD
Hibachi PAXG/USDT-P
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD