Funding you earn now, next payment 07:00 UTC−0.0097%/8h= −10.7% APRpaid last 24h −0.038%
Price spread now: dYdX against Paradex−0.012%7-day average +0.026% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$52as in the Price arb table
costs, in and out, $10k−$490.486% of the position
Funding, last 4 days (all we have)−0.144%−$14 on $10k
+Price spread, last 4 days (all we have)+0.047%+$5 · spread now −0.012%, 7d avg +0.026%
=Together, before fees−0.098%+ Points / potential airdropParadex: Active · farm board−$10 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and dYdX is 0.037% cheaper against Paradex than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.026%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex PAXG-USD-PERP | 4,318.4 | 0.0097 | pay 0.0097% / 8h | 1h 42m | $85K | $3.2M | 50x |
| Short | dYdX PAXG-USD | 4,317.9 | 0 | get 0.0000% / 1h | 42m 13s | $101K | $12K | 5x |
Paradex PAXG-USD-PERP
dYdX PAXG-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX 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
- −$20.47
- Price spread: −0.012% → +0.026%
- −$3.72
- Slippage, 4 orders
- −$34.61
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$72.79
- Costs to cover
- 0.486%
- Break-even
- never at this rate
Slippage from Paradex: live order book, 2 min ago; dYdX: live order book, 2 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, 2 min ago | 2.25 bp | 4.2 bp −$4 | 97.3 bp −$973 | doesn't fit | doesn't fit |
| Sell dYdX live order book, 2 min ago | 15.06 bp | 20.1 bp −$20 | 33.4 bp −$334 | 186.8 bp −$18.7K | 1262.7 bp −$631.4K |
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 | −0.0216% | 1h | 4,316.6 | −0.042% | $1.4M | $465K | 25x | as long as short |
| Hibachi PAXG/USDT-P | −0.0168% | 1h | 4,319.7 | +0.031% | $46K | $169K | 20x | as long as short |
| GRVT PAXG_USDT_Perp | −0.0104% | 4h | 4,315.2 | −0.075% | $1.5M | $2.0M | 10x | as long as short |
| ApeX Omni PAXGUSDT | −0.0048% | 1h | 4,317.6 | −0.019% | $261K | $771K | 50x | as long as short |
| Kraken Futures PF_PAXGUSD | −0.0044% | 1h | 4,319.6 | +0.027% | $1.2M | $1.9M | 20x | as long as short |
| Extended PAXG-USD | −0.0008% | 1h | 4,317.5 | −0.021% | $378K | $910K | 25x | as long as short |
| Binance PAXGUSDT | −0.0006% | 4h | 4,318.8 | +0.010% | $79.5M | $75.0M | 75x | as long as short |
| MEXC PAXG_USDT | −0.0004% | 4h | 4,322.6 | +0.099% | $16.5M | $1.0M | 100x | as long as short |
| dYdX PAXG-USDshort | 0.0000% | 1h | 4,317.9 | −0.012% | $101K | $12K | 5x | |
| Gate PAXG_USDT | 0.0000% | 8h | 4,320.9 | +0.058% | $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
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 | 4,315.4 | −0.068% | $2K | $3.4M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,323 | +0.108% | $7.9M | $851K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,323 | +0.108% | $905K | $767K | 75x | as long as short |
| Aster PAXGUSDT | +0.0015% | 4h | 4,320 | +0.038% | $901K | $27K | 50x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.670% | $1K | $151K | 30x | as long as short |
| Paradex PAXG-USD-PERPlong | +0.0097% | 8h | 4,318.4 | long leg | $85K | $3.2M | 50x | |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,317.5 | −0.020% | $554 | — | 10x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,318.7 | +0.007% | $20.7M | $2.4M | 10x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,320.4 | +0.047% | $1.0M | $317K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,319 | +0.014% | $14.9M | $4.1M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,320.7 | +0.053% | $28.6M | $5.3M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,317.7 | −0.015% | $9.4M | $16.5M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,319.2 | +0.018% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,318.8 | +0.010% | $1.3M | $814K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,316.5 | −0.044% | $12.2M | $221K | — | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,316 | −0.055% | $1.5M | $52K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,317.9 | −0.011% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0232% | 1h | 4,321.3 | +0.068% | $973K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0784% | 1h | 4,329.3 | +0.253% | $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
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