Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.038%
Price spread now: Bybit against dYdX−0.095%7-day average +0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs−$179as in the Funding arb table
Net, price: spread back to 7d avg − costs−$215as in the Price arb table
costs, in and out, $10k−$2042.045% of the position
Funding, last 7 days+0.255%+$25 on $10k
+Price spread, last 4 days (all we have)+0.124%+$12 · spread now −0.095%, 7d avg +0.012%
=Funding pays, the price is against you. Bybit is 0.107% cheaper against dYdX than usual: you would sell low and buy high (spread −0.095% now, against its 7-day average of +0.012%). If the spread goes back, that is −$11 on $10k: about 3.6 days of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | dYdX PAXG-USD | 4,309.5 | 0 | get 0.0000% / 1h | 8m 03s | $101K | $12K | 5x |
| Short | Bybit PAXGUSDT | 4,305.4 | 0.0100 | get 0.0050% / 4h | 8m 03s | $14.9M | $4.0M | 75x |
dYdX PAXG-USD
Bybit PAXGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against dYdX. 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: −0.095% → +0.012%
- −$10.7
- Slippage, 4 orders
- −$183.46
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$194.16
- Costs to cover
- 2.045%
- Break-even
- 71.7 days
Slippage from dYdX: live order book, 31 min ago; Bybit: live order book, just now.
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 dYdX live order book, 31 min ago | 89.55 bp | 94.6 bp −$95 | 94.6 bp −$946 | 96.4 bp −$9,644 | 638.6 bp −$319.3K |
| Sell Bybit live order book, just now | 0.12 bp | 8.6 bp −$9 | 11.6 bp −$116 | 29.7 bp −$2,969 | 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 | −0.0200% | 1h | 4,304.8 | −0.110% | $1.4M | $553K | 25x | as long as short |
| Hibachi PAXG/USDT-P | −0.0160% | 1h | 4,310.1 | +0.014% | $42K | $171K | 20x | as long as short |
| GRVT PAXG_USDT_Perp | −0.0116% | 4h | 4,313.5 | +0.093% | $1.5M | $2.0M | 10x | as long as short |
| Kraken Futures PF_PAXGUSD | −0.0055% | 1h | 4,306.7 | −0.066% | $1.2M | $1.7M | 20x | as long as short |
| dYdX PAXG-USDlong | 0.0000% | 1h | 4,309.5 | long leg | $101K | $12K | 5x | |
| Gate PAXG_USDT | 0.0000% | 8h | 4,308.4 | −0.026% | $15.5M | $3.8M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,302.9 | −0.153% | $2K | $3.2M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,311.5 | +0.047% | $7.9M | $599K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,312.6 | +0.073% | $902K | $803K | 75x | as long as short |
| Extended PAXG-USD | +0.0024% | 1h | 4,303.7 | −0.135% | $376K | $1.5M | 25x | as long as short |
Lighter PAXG
Hibachi PAXG/USDT-P
GRVT PAXG_USDT_Perp
Kraken Futures PF_PAXGUSD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Extended PAXG-USDShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC PAXG_USDT | +0.0026% | 4h | 4,316.3 | +0.157% | $16.8M | $1.1M | 100x | as long as short |
| Binance PAXGUSDT | +0.0027% | 4h | 4,305 | −0.104% | $79.6M | $76.9M | 75x | as long as short |
| Aster PAXGUSDT | +0.0031% | 4h | 4,305.9 | −0.083% | $898K | $29K | 50x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.877% | $1K | $151K | 30x | as long as short |
| ApeX Omni PAXGUSDT | +0.0038% | 1h | 4,312.1 | +0.060% | $261K | $774K | 50x | as long as short |
| Bitget PAXGUSDT | +0.0044% | 4h | 4,304.4 | −0.118% | $9.4M | $16.0M | 50x | as long as short |
| Paradex PAXG-USD-PERP | +0.0096% | 8h | 4,307.4 | −0.048% | $87K | $4.0M | 50x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,306.6 | −0.067% | $20.7M | $2.3M | 10x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,309.4 | −0.002% | $1.0M | $302K | 10x | as long as short |
| Bybit PAXGUSDTshort | +0.0100% | 4h | 4,305.4 | −0.095% | $14.9M | $4.0M | 75x | |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,308.5 | −0.023% | $28.5M | $5.3M | 30x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,308 | −0.036% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,306.3 | −0.074% | $1.3M | $837K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,312.6 | +0.072% | $12.2M | $218K | — | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,308.3 | −0.028% | $553 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,308 | −0.035% | $1.5M | $53K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,307 | −0.058% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0224% | 1h | 4,318.8 | +0.216% | $950K | $1.0M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0920% | 1h | 4,318.6 | +0.211% | $29K | $23K | 10x | as long as short |
MEXC PAXG_USDT
Binance PAXGUSDT
Aster PAXGUSDT
Injective PAXG/USDC PERP
ApeX Omni PAXGUSDT
Bitget PAXGUSDT
Paradex PAXG-USD-PERP
Hyperliquid PAXG
Pacifica PAXG
KuCoin PAXGUSDTM
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
Orderly PERP_PAXG_USDC_mythos
Phemex PAXGUSDT
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD