Funding you earn now, next payment 04:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.50 per $10,000 · paid last 24h −0.016%
Price spread now: HTX against MEXC+0.085%50s7-day average +0.025% · you sell dearer than you buy
Net, funding: paid 7d − costs−$42as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$410.407% of the position
Funding, last 7 days−0.018%−$2 on $10k
+Price spread, last 4 days (all we have)+0.008%+$1 · spread now +0.085%, 7d avg +0.025%
=The price spread pays, funding is against you. HTX is 0.060% dearer against MEXC than usual: you sell high and buy low (spread +0.085% now, against its 7-day average of +0.025%): +$6 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 48 hours. At the pace of the last 7 days (−0.018% in total) that is about 24 days. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC PAXG_USDT | 4,342.9 | 0.0100 | pay 0.0050% / 4h | 9m 18s | $16.1M | $1.1M | 100x |
| Short | HTX PAXG-USDT | 4,346.5 | 0 | get 0.0000% / 4h | 9m 18s | $904K | $686K | 75x |
MEXC PAXG_USDT
HTX PAXG-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX against MEXC. 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: +0.085% → +0.025%
- $5.98
- Slippage, 4 orders
- −$24.72
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$55.74
- Costs to cover
- 0.407%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 4 min ago; HTX: live order book, 49 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 MEXC live order book, 4 min ago | 0.02 bp | 2.5 bp −$2 | 18.7 bp −$187 | 62.5 bp −$6,250 | 135.1 bp −$67.5K |
| Sell HTX live order book, 49 min ago | 3.35 bp | 12.3 bp −$12 | 15.2 bp −$152 | 19.0 bp −$1,902 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hibachi PAXG/USDT-P | −0.0128% | 1h | 4,339.8 | −0.071% | $42K | $155K | 20x | as long as short |
| Lighter PAXG | −0.0016% | 1h | 4,339.9 | −0.067% | $1.4M | $358K | 25x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,342 | −0.020% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,343.5 | +0.015% | $15.6M | $3.4M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,336.6 | −0.144% | $2K | $3.6M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,344.3 | +0.033% | $7.9M | $868K | 50x | as long as short |
| HTX PAXG-USDTshort | 0.0000% | 4h | 4,346.5 | +0.085% | $904K | $686K | 75x | |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.102% | $1K | $151K | 30x | as long as short |
| GRVT PAXG_USDT_Perp | +0.0056% | 4h | 4,340.5 | −0.053% | $1.5M | $1.9M | 10x | as long as short |
| ApeX Omni PAXGUSDT | +0.0057% | 1h | 4,337.6 | −0.120% | $262K | $788K | 50x | as long as short |
Hibachi PAXG/USDT-P
Lighter PAXG
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
Injective PAXG/USDC PERP
GRVT PAXG_USDT_Perp
ApeX Omni PAXGUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex PAXG-USD-PERP | +0.0100% | 8h | 4,340.9 | −0.044% | $81K | $3.7M | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,340.3 | −0.059% | $557 | — | 10x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,341.7 | −0.027% | $20.8M | $2.4M | 10x | as long as short |
| Aster PAXGUSDT | +0.0100% | 4h | 4,341.5 | −0.030% | $906K | $26K | 50x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,342.7 | −0.004% | $1.0M | $340K | 10x | as long as short |
| Binance PAXGUSDT | +0.0100% | 4h | 4,340.7 | −0.049% | $80.1M | $70.8M | 75x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,342.3 | −0.013% | $14.9M | $3.8M | 75x | as long as short |
| MEXC PAXG_USDTlong | +0.0100% | 4h | 4,342.9 | long leg | $16.1M | $1.1M | 100x | |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,343.9 | +0.024% | $28.6M | $5.4M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,341.8 | −0.026% | $9.7M | $14.9M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,341.3 | −0.035% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,341.6 | −0.029% | $1.3M | $806K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,339.4 | −0.079% | $12.3M | $227K | — | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,341 | −0.043% | $1.5M | $40K | 50x | as long as short |
| Extended PAXG-USD | +0.0104% | 1h | 4,339.5 | −0.077% | $379K | $1.4M | 25x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,341.1 | −0.041% | $21K | — | 100x | as long as short |
| Kraken Futures PF_PAXGUSD | +0.0210% | 1h | 4,341.3 | −0.037% | $1.3M | $1.4M | 20x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0320% | 1h | 4,346.5 | +0.083% | $968K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0872% | 1h | 4,351.9 | +0.208% | $29K | $23K | 10x | as long as short |
Paradex PAXG-USD-PERP
Orderly PERP_PAXG_USDC_mythos
Hyperliquid PAXG
Aster PAXGUSDT
Pacifica PAXG
Binance PAXGUSDT
Bybit PAXGUSDT
KuCoin PAXGUSDTM
Bitget PAXGUSDT
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
Phemex PAXGUSDT
Extended PAXG-USD
Reya PAXGRUSDPERP
Kraken Futures PF_PAXGUSD
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD