Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.002%
Price spread now: Bybit against Orderly+0.033%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.033% dearer against Orderly than usual: you sell high and buy low, +$3 on $10k if it goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_PAXG_USDC_mythos | 4,322.9 | 0.0100 | pay 0.0050% / 4h | 2h 27m | $555 | — | 10x |
| Short | Bybit PAXGUSDT | 4,324.3 | 0.0100 | get 0.0050% / 4h | 2h 27m | $14.8M | $3.9M | 75x |
Orderly PERP_PAXG_USDC_mythos
Bybit PAXGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Orderly. 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
- $0
- Price spread: +0.033% → 0.000%
- $3.28
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$13.71
- Costs to cover
- 0.170%
- Break-even
- 22858.6 days
Slippage unknown: Orderly: no order-book sample; Bybit: live order book, just now. Net counts fees only.
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 Orderly no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, just now | 0.12 bp | 7.3 bp −$7 | 10.7 bp −$107 | 26.1 bp −$2,606 | doesn't fit |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0168% | 1h | 4,329 | +0.142% | $40K | $165K | 20x | as long as short |
| Lighter PAXG | −0.0144% | 1h | 4,322.1 | −0.019% | $1.4M | $387K | 25x | as long as short |
| Kraken Futures PF_PAXGUSD | −0.0102% | 1h | 4,324 | +0.025% | $1.3M | $1.6M | 20x | as long as short |
| ApeX Omni PAXGUSDT | −0.0033% | 1h | 4,325.9 | +0.069% | $262K | $782K | 50x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,329.2 | +0.145% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,324.9 | +0.046% | $15.6M | $3.6M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,319.1 | −0.088% | $2K | $3.5M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,326.7 | +0.088% | $7.9M | $839K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,329.7 | +0.157% | $902K | $713K | 75x | as long as short |
| GRVT PAXG_USDT_Perp | +0.0004% | 4h | 4,329.8 | +0.160% | $1.5M | $1.9M | 10x | as long as short |
Hibachi PAXG/USDT-P
Lighter PAXG
Kraken Futures PF_PAXGUSD
ApeX Omni PAXGUSDT
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
GRVT PAXG_USDT_PerpShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended PAXG-USD | +0.0032% | 1h | 4,322.1 | −0.018% | $379K | $1.4M | 25x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.564% | $1K | $151K | 30x | as long as short |
| Binance PAXGUSDT | +0.0035% | 4h | 4,322.8 | −0.003% | $79.6M | $72.7M | 75x | as long as short |
| MEXC PAXG_USDT | +0.0036% | 4h | 4,325.8 | +0.068% | $16.1M | $1.0M | 100x | as long as short |
| Aster PAXGUSDT | +0.0066% | 4h | 4,323.4 | +0.011% | $902K | $26K | 50x | as long as short |
| Hyperliquid PAXG | +0.0071% | 1h | 4,323.9 | +0.023% | $20.7M | $2.4M | 10x | as long as short |
| Paradex PAXG-USD-PERP | +0.0099% | 8h | 4,323.4 | +0.011% | $81K | $3.3M | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythoslong | +0.0100% | 4h | 4,322.9 | long leg | $555 | — | 10x | |
| Pacifica PAXG | +0.0100% | 1h | 4,326.1 | +0.074% | $1.0M | $349K | 10x | as long as short |
| Bybit PAXGUSDTshort | +0.0100% | 4h | 4,324.3 | +0.033% | $14.8M | $3.9M | 75x | |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,325.6 | +0.062% | $28.5M | $5.3M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,323.3 | +0.008% | $9.8M | $15.6M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,323.7 | +0.018% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,324 | +0.025% | $1.3M | $801K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,327.7 | +0.111% | $12.3M | $222K | — | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,323 | +0.002% | $1.5M | $34K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,322.3 | −0.014% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0248% | 1h | 4,328.9 | +0.138% | $952K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0800% | 1h | 4,334.5 | +0.268% | $29K | $24K | 10x | as long as short |
Extended PAXG-USD
Injective PAXG/USDC PERP
Binance PAXGUSDT
MEXC PAXG_USDT
Aster PAXGUSDT
Hyperliquid PAXG
Paradex PAXG-USD-PERP
Pacifica PAXG
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