Funding you earn now, next payment 08:00 UTC+0.0003%/8h= +0.3% APRpaid last 24h 0.000%
Price spread now: Bybit against Paradex+0.045%7-day average +0.045% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$230.228% of the position
Funding, last 4 days (all we have)+0.005%+$1 on $10k
+Price spread, last 7 days+0.004%$0 · spread now +0.045%, 7d avg +0.045%
=Together, before fees+0.009%+ Points / potential airdropParadex: Active · farm board+$1 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex PAXG-USD-PERP | 4,317.3 | 0.0097 | pay 0.0097% / 8h | 1h 45m | $87K | $3.2M | 50x |
| Short | Bybit PAXGUSDT | 4,319.2 | 0.0100 | get 0.0050% / 4h | 1h 45m | $14.9M | $4.1M | 75x |
Paradex PAXG-USD-PERP
Bybit PAXGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Paradex. 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
- $0.57
- Price spread: +0.045% → +0.045%
- $0.01
- Slippage, 4 orders
- −$7.8
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$22.21
- Costs to cover
- 0.228%
- Break-even
- 278.5 days
Slippage from Paradex: live order book, 4 min ago; Bybit: live order book, 3 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 Paradex live order book, 4 min ago | 2.25 bp | 4.2 bp −$4 | 97.8 bp −$978 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 0.12 bp | 7.2 bp −$7 | 10.6 bp −$106 | 26.2 bp −$2,624 | 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 | −0.0208% | 1h | 4,315.5 | −0.042% | $1.4M | $465K | 25x | as long as short |
| Hibachi PAXG/USDT-P | −0.0168% | 1h | 4,317.6 | +0.007% | $46K | $169K | 20x | as long as short |
| GRVT PAXG_USDT_Perp | −0.0104% | 4h | 4,315.2 | −0.049% | $1.5M | $2.0M | 10x | as long as short |
| ApeX Omni PAXGUSDT | −0.0053% | 1h | 4,314.9 | −0.057% | $261K | $771K | 50x | as long as short |
| Kraken Futures PF_PAXGUSD | −0.0044% | 1h | 4,317.2 | −0.001% | $1.2M | $1.9M | 20x | as long as short |
| Extended PAXG-USD | −0.0008% | 1h | 4,316.3 | −0.023% | $378K | $1.1M | 25x | as long as short |
| Binance PAXGUSDT | −0.0006% | 4h | 4,318.5 | +0.027% | $79.5M | $74.9M | 75x | as long as short |
| MEXC PAXG_USDT | −0.0004% | 4h | 4,322.6 | +0.124% | $16.5M | $1.0M | 100x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,317.9 | +0.014% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,318.8 | +0.035% | $15.6M | $3.8M | 100x | as long as short |
Lighter PAXG
Hibachi PAXG/USDT-P
GRVT PAXG_USDT_Perp
ApeX Omni PAXGUSDT
Kraken Futures PF_PAXGUSD
Extended PAXG-USD
Binance PAXGUSDT
MEXC PAXG_USDT
dYdX PAXG-USD
Gate PAXG_USDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX PAXG-USDT | 0.0000% | 4h | 4,312.7 | −0.106% | $2K | $3.4M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,320.7 | +0.079% | $7.9M | $851K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,322 | +0.110% | $904K | $767K | 75x | as long as short |
| Aster PAXGUSDT | +0.0016% | 4h | 4,320 | +0.063% | $901K | $27K | 50x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.695% | $1K | $151K | 30x | as long as short |
| Paradex PAXG-USD-PERPlong | +0.0097% | 8h | 4,317.3 | long leg | $87K | $3.2M | 50x | |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,316.1 | −0.028% | $554 | — | 10x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,318.8 | +0.035% | $20.7M | $2.4M | 10x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,319.2 | +0.044% | $1.0M | $317K | 10x | as long as short |
| Bybit PAXGUSDTshort | +0.0100% | 4h | 4,319.2 | +0.045% | $14.9M | $4.1M | 75x | |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,320.7 | +0.078% | $28.6M | $5.3M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,317.8 | +0.012% | $9.4M | $16.6M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,319.1 | +0.041% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,317 | −0.007% | $1.3M | $814K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,316.5 | −0.018% | $12.2M | $221K | — | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,316 | −0.030% | $1.5M | $52K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,317.9 | +0.015% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0232% | 1h | 4,319 | +0.040% | $975K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0800% | 1h | 4,329 | +0.271% | $29K | $23K | 10x | as long as short |
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Aster PAXGUSDT
Injective PAXG/USDC PERP
Orderly PERP_PAXG_USDC_mythos
Hyperliquid PAXG
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