Funding you earn now, next payment 07:00 UTC+0.0008%/8h= +0.9% APRnext payment +$0.01 per $10,000 · paid last 24h −0.028%
Price spread now: Deribit against Extended+0.127%7-day average +0.100% · you sell dearer than you buy
Net, funding: paid 7d − costs−$38as in the Funding arb table
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$220.224% of the position
Funding, last 7 days−0.157%−$16 on $10k
+Price spread, last 4 days (all we have)−0.009%−$1 · spread now +0.127%, 7d avg +0.100%
=Together, before fees−0.166%+ Points / potential airdropExtended: Active · farm board−$17 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Deribit is 0.027% dearer against Extended than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.100%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended PAXG-USD | 4,316.7 | −0.0008 | get 0.0001% / 1h | 59m 29s | $374K | $807K | 25x |
| Short | Deribit PAXG_USDC-PERPETUAL | 4,322.1 | 0 | get 0.0000% / 1h | 59m 29s | $7.9M | $846K | 50x |
Extended PAXG-USD
Deribit PAXG_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Extended. 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
- $1.68
- Price spread: +0.127% → +0.100%
- $2.65
- Slippage, 4 orders
- −$10.44
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$18.11
- Costs to cover
- 0.224%
- Break-even
- 82.5 days
Slippage from Extended: live order book, 44 min ago; Deribit: 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 Extended live order book, 44 min ago | 0.12 bp | 2.7 bp −$3 | 4.1 bp −$41 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 5 min ago | 3.02 bp | 10.5 bp −$10 | 16.8 bp −$168 | 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 | −0.0176% | 1h | 4,315.3 | −0.032% | $1.4M | $478K | 25x | as long as short |
| GRVT PAXG_USDT_Perp | −0.0106% | 4h | 4,317.7 | +0.023% | $1.5M | $2.0M | 10x | as long as short |
| Hibachi PAXG/USDT-P | −0.0088% | 1h | 4,317.2 | +0.013% | $42K | $168K | 20x | as long as short |
| Kraken Futures PF_PAXGUSD | −0.0044% | 1h | 4,318.6 | +0.046% | $1.2M | $1.9M | 20x | as long as short |
| Extended PAXG-USDlong | −0.0008% | 1h | 4,316.7 | long leg | $374K | $807K | 25x | |
| Binance PAXGUSDT | −0.0005% | 4h | 4,318.5 | +0.041% | $79.6M | $75.2M | 75x | as long as short |
| MEXC PAXG_USDT | −0.0004% | 4h | 4,323.2 | +0.151% | $16.6M | $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 | 4,319.3 | +0.061% | $15.6M | $3.6M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,314.5 | −0.050% | $2K | $3.3M | 20x | as long as short |
Lighter PAXG
GRVT PAXG_USDT_Perp
Hibachi PAXG/USDT-P
Kraken Futures PF_PAXGUSD
Binance PAXGUSDT
MEXC PAXG_USDT
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-PERPETUALshort | 0.0000% | 1h | 4,322.1 | +0.127% | $7.9M | $846K | 50x | |
| HTX PAXG-USDT | 0.0000% | 4h | 4,319.9 | +0.074% | $902K | $776K | 75x | as long as short |
| Aster PAXGUSDT | +0.0011% | 4h | 4,319.7 | +0.070% | $901K | $27K | 50x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.709% | $1K | $151K | 30x | as long as short |
| ApeX Omni PAXGUSDT | +0.0045% | 1h | 4,317.3 | +0.015% | $261K | $773K | 50x | as long as short |
| Bitget PAXGUSDT | +0.0094% | 4h | 4,317.3 | +0.014% | $9.4M | $16.4M | 50x | as long as short |
| Paradex PAXG-USD-PERP | +0.0098% | 8h | 4,316.9 | +0.005% | $85K | $3.3M | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,316.9 | +0.005% | $554 | — | 10x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,318.3 | +0.038% | $20.8M | $2.4M | 10x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,319.5 | +0.065% | $1.0M | $306K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,318.5 | +0.042% | $14.9M | $4.0M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,319.9 | +0.074% | $28.6M | $5.3M | 30x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,318.7 | +0.047% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,318.2 | +0.035% | $1.3M | $826K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,316.8 | +0.003% | $12.3M | $223K | — | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,316 | −0.016% | $1.5M | $52K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,317.6 | +0.021% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0232% | 1h | 4,322.2 | +0.127% | $949K | $1.0M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0784% | 1h | 4,328.3 | +0.269% | $29K | $23K | 10x | as long as short |
HTX PAXG-USDT
Aster PAXGUSDT
Injective PAXG/USDC PERP
ApeX Omni PAXGUSDT
Bitget 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