Funding you earn now, next payment 08:00 UTC+0.0068%/8h= +7.4% APRnext payment +$0.34 per $10,000 · paid last 24h +0.028%
Price spread now: MEXC against HTX−0.060%7-day average −0.025% · you buy dearer than you sell
Net, funding: paid 7d − costs−$44as in the Funding arb table
Net, price: spread back to 7d avg − costs−$49as in the Price arb table
costs, in and out, $10k−$460.460% of the position
Funding, last 7 days+0.025%+$2 on $10k
+Price spread, last 4 days (all we have)−0.019%−$2 · spread now −0.060%, 7d avg −0.025%
=Funding pays, the price is against you. MEXC is 0.034% cheaper against HTX than usual: you would sell low and buy high (spread −0.060% now, against its 7-day average of −0.025%). If the spread goes back, that is −$3 on $10k: about 40 hours of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.025% in total) that is about 9.7 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX PAXG-USDT | 4,340.6 | 0 | get 0.0000% / 4h | 3h 44m | $903K | $684K | 75x |
| Short | MEXC PAXG_USDT | 4,338 | 0.0068 | get 0.0034% / 4h | 3h 44m | $16.1M | $1.0M | 100x |
HTX PAXG-USDT
MEXC PAXG_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against HTX. 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
- $14.28
- Price spread: −0.060% → −0.025%
- −$3.43
- Slippage, 4 orders
- −$30.03
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$35.18
- Costs to cover
- 0.460%
- Break-even
- 24.2 days
Slippage from HTX: live order book, 9 min ago; MEXC: 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 HTX live order book, 9 min ago | 0.74 bp | 13.7 bp −$14 | 15.3 bp −$153 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 4 min ago | 0.82 bp | 6.3 bp −$6 | 15.4 bp −$154 | 45.5 bp −$4,547 | 120.1 bp −$60.1K |
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 | −0.0160% | 1h | 4,334.7 | −0.135% | $1.4M | $362K | 25x | as long as short |
| Hibachi PAXG/USDT-P | −0.0160% | 1h | 4,336 | −0.106% | $42K | $154K | 20x | as long as short |
| GRVT PAXG_USDT_Perp | −0.0144% | 4h | 4,333.7 | −0.158% | $1.5M | $1.9M | 10x | as long as short |
| ApeX Omni PAXGUSDT | −0.0086% | 1h | 4,335.3 | −0.120% | $262K | $787K | 50x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,334.8 | −0.134% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,337.8 | −0.064% | $15.6M | $3.4M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,328.7 | −0.274% | $2K | $3.6M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,338.4 | −0.050% | $7.9M | $868K | 50x | as long as short |
| HTX PAXG-USDTlong | 0.0000% | 4h | 4,340.6 | long leg | $903K | $684K | 75x | |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.155% | $1K | $151K | 30x | as long as short |
Lighter PAXG
Hibachi PAXG/USDT-P
GRVT PAXG_USDT_Perp
ApeX Omni PAXGUSDT
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
Injective PAXG/USDC PERPShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended PAXG-USD | +0.0064% | 1h | 4,334.7 | −0.136% | $378K | $1.4M | 25x | as long as short |
| Kraken Futures PF_PAXGUSD | +0.0065% | 1h | 4,335.6 | −0.114% | $1.3M | $1.4M | 20x | as long as short |
| Binance PAXGUSDT | +0.0066% | 4h | 4,335.9 | −0.107% | $80.0M | $71.2M | 75x | as long as short |
| MEXC PAXG_USDTshort | +0.0068% | 4h | 4,338 | −0.060% | $16.1M | $1.0M | 100x | |
| Paradex PAXG-USD-PERP | +0.0100% | 8h | 4,334 | −0.152% | $81K | $3.7M | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,334.6 | −0.138% | $556 | — | 10x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,336.1 | −0.103% | $20.7M | $2.4M | 10x | as long as short |
| Aster PAXGUSDT | +0.0100% | 4h | 4,335.7 | −0.112% | $905K | $27K | 50x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,336.6 | −0.091% | $1.0M | $338K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,336.9 | −0.085% | $14.9M | $3.8M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,339.3 | −0.030% | $28.6M | $5.3M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,337.1 | −0.081% | $9.7M | $15.2M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,336.6 | −0.091% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,336.4 | −0.097% | $1.3M | $800K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,336 | −0.105% | $12.3M | $227K | — | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,333 | −0.174% | $1.5M | $39K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,333.4 | −0.166% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0296% | 1h | 4,336.7 | −0.089% | $987K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.1024% | 1h | 4,345.3 | +0.109% | $29K | $23K | 10x | as long as short |
Extended PAXG-USD
Kraken Futures PF_PAXGUSD
Binance PAXGUSDT
Paradex PAXG-USD-PERP
Orderly PERP_PAXG_USDC_mythos
Hyperliquid PAXG
Aster PAXGUSDT
Pacifica PAXG
Bybit PAXGUSDT
KuCoin PAXGUSDTM
Bitget PAXGUSDT
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
Phemex PAXGUSDT
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD