Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%
Price spread now: Gate against Bybit+0.024%7-day average +0.059% · you sell dearer than you buy
Net, funding: paid 7d − costs−$57as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$400.398% of the position
Funding, last 7 days−0.169%−$17 on $10k
+Price spread, last 7 days+0.031%+$3 · spread now +0.024%, 7d avg +0.059%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Gate is 0.034% cheaper against Bybit than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.059%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit PAXGUSDT | 4,334.7 | 0.0100 | pay 0.0050% / 4h | 2h 03m | $15.1M | $3.9M | 75x |
| Short | Gate PAXG_USDT | 4,335.8 | 0 | get 0.0000% / 8h | 2h 03m | $15.7M | $4.3M | 100x |
Bybit PAXGUSDT
Gate PAXG_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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: +0.024% → +0.059%
- −$3.41
- Slippage, 4 orders
- −$13.81
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$64.22
- Costs to cover
- 0.398%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 5 min ago; Gate: live order book, 5 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, 5 min ago | 0.12 bp | 7.9 bp −$8 | 11.1 bp −$111 | 30.9 bp −$3,089 | doesn't fit |
| Sell Gate live order book, 5 min ago | 0.58 bp | 12.4 bp −$12 | 17.2 bp −$172 | 28.3 bp −$2,833 | 61.9 bp −$30.9K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Injective PAXG/USDC PERP | −0.0101% | 1h | 4,337 | +0.052% | $1K | $121K | 30x | as long as short |
| Hibachi PAXG/USDT-P | −0.0072% | 1h | 4,333.7 | −0.024% | $41K | $150K | 20x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,336.4 | +0.037% | $101K | $18K | 5x | as long as short |
| Gate PAXG_USDTshort | 0.0000% | 8h | 4,335.8 | +0.024% | $15.7M | $4.3M | 100x | |
| SunX PAXG-USDT | 0.0000% | 4h | 4,329.9 | −0.111% | $2K | $4.1M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,338 | +0.074% | $7.9M | $865K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,339.6 | +0.112% | $907K | $661K | 75x | as long as short |
| Lighter PAXG | +0.0096% | 1h | 4,332.9 | −0.042% | $1.4M | $521K | 25x | as long as short |
| Paradex PAXG-USD-PERP | +0.0100% | 8h | 4,333 | −0.041% | $80K | $3.7M | 50x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,334 | −0.017% | $20.3M | $2.0M | 10x | as long as short |
Injective PAXG/USDC PERP
Hibachi PAXG/USDT-P
dYdX PAXG-USD
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
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 | 4,333.9 | −0.020% | $905K | $75K | 50x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,334.3 | −0.011% | $1.0M | $371K | 10x | as long as short |
| Binance PAXGUSDT | +0.0100% | 4h | 4,333.8 | −0.021% | $79.8M | $70.8M | 75x | as long as short |
| Bybit PAXGUSDTlong | +0.0100% | 4h | 4,334.7 | long leg | $15.1M | $3.9M | 75x | |
| MEXC PAXG_USDT | +0.0100% | 4h | 4,335.6 | +0.020% | $15.9M | $1.2M | 100x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,336.2 | +0.034% | $26.7M | $5.5M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,334.6 | −0.003% | $9.2M | $14.3M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,334.2 | −0.013% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,335.3 | +0.013% | $1.4M | $1.3M | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,334.3 | −0.011% | $12.4M | $114K | — | as long as short |
| GRVT PAXG_USDT_Perp | +0.0100% | 4h | 4,334 | −0.017% | $1.5M | $2.0M | 10x | as long as short |
| ApeX Omni PAXGUSDT | +0.0100% | 1h | 4,333.4 | −0.030% | $262K | $799K | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,334.4 | −0.008% | $556 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,333 | −0.040% | $1.5M | $40K | 50x | as long as short |
| Extended PAXG-USD | +0.0104% | 1h | 4,333.2 | −0.035% | $377K | $1.2M | 25x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,334.3 | −0.009% | $20K | — | 100x | as long as short |
| Kraken Futures PF_PAXGUSD | +0.0224% | 1h | 4,334.8 | 0.000% | $1.3M | $1.5M | 20x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0320% | 1h | 4,337.8 | +0.070% | $1.0M | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.1464% | 1h | 4,351.1 | +0.377% | $29K | $21K | 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
Reya PAXGRUSDPERP
Kraken Futures PF_PAXGUSD
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD