Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: BingX against Phemex+0.088%7-day average +0.068% · you sell dearer than you buy
Net, funding: paid 7d − costs−$62as in the Funding arb table
Net, price: spread back to 7d avg − costs−$60as in the Price arb table
costs, in and out, $10k−$620.623% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)−0.051%−$5 · spread now +0.088%, 7d avg +0.068%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.020% dearer against Phemex than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.068%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex PAXGUSDT | 4,333 | 0.0100 | pay 0.0050% / 4h | 3h 48m | $1.5M | $39K | 50x |
| Short | BingX PAXG-USDT | 4,336.8 | 0.0100 | get 0.0050% / 4h | 3h 48m | — | $6.8M | — |
Phemex PAXGUSDT
BingX PAXG-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Phemex. 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: +0.088% → +0.068%
- $2.03
- Slippage, 4 orders
- −$40.25
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$60.23
- Costs to cover
- 0.623%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 5 min ago; BingX: live order book, 5 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 Phemex live order book, 5 min ago | 4.62 bp | 23.6 bp −$24 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 5 min ago | 0.08 bp | 6.3 bp −$6 | 8.4 bp −$84 | 10.4 bp −$1,040 | 25.9 bp −$12.9K |
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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni PAXGUSDT | −0.0232% | 1h | 4,332.1 | −0.021% | $262K | $788K | 50x | as long as short |
| Lighter PAXG | −0.0192% | 1h | 4,334 | +0.023% | $1.4M | $362K | 25x | as long as short |
| GRVT PAXG_USDT_Perp | −0.0172% | 4h | 4,334.2 | +0.028% | $1.5M | $1.9M | 10x | as long as short |
| Hibachi PAXG/USDT-P | −0.0152% | 1h | 4,335.6 | +0.059% | $42K | $154K | 20x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,334.8 | +0.041% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,337.3 | +0.099% | $15.6M | $3.4M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,330 | −0.069% | $2K | $3.6M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,338.8 | +0.133% | $7.9M | $868K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,341.9 | +0.206% | $904K | $683K | 75x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.330% | $1K | $151K | 30x | as long as short |
ApeX Omni PAXGUSDT
Lighter PAXG
GRVT PAXG_USDT_Perp
Hibachi PAXG/USDT-P
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Injective PAXG/USDC PERPShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_PAXGUSD | +0.0065% | 1h | 4,336.3 | +0.076% | $1.3M | $1.4M | 20x | as long as short |
| Binance PAXGUSDT | +0.0070% | 4h | 4,336 | +0.068% | $80.0M | $71.2M | 75x | as long as short |
| Extended PAXG-USD | +0.0072% | 1h | 4,334.4 | +0.032% | $378K | $1.4M | 25x | as long as short |
| MEXC PAXG_USDT | +0.0072% | 4h | 4,337.6 | +0.106% | $16.1M | $1.0M | 100x | as long as short |
| Paradex PAXG-USD-PERP | +0.0100% | 8h | 4,335.3 | +0.054% | $81K | $3.7M | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,335.5 | +0.058% | $556 | — | 10x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,336.3 | +0.076% | $20.7M | $2.3M | 10x | as long as short |
| Aster PAXGUSDT | +0.0100% | 4h | 4,334.8 | +0.042% | $904K | $27K | 50x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,336.8 | +0.088% | $1.0M | $338K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,336 | +0.069% | $14.9M | $3.8M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,337.3 | +0.099% | $28.6M | $5.3M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,336.6 | +0.083% | $9.7M | $15.1M | 50x | as long as short |
| BingX PAXG-USDTshort | +0.0100% | 4h | 4,336.8 | +0.088% | — | $6.8M | — | |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,336.8 | +0.087% | $1.3M | $801K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,334.4 | +0.032% | $12.3M | $227K | — | as long as short |
| Phemex PAXGUSDTlong | +0.0100% | 4h | 4,333 | long leg | $1.5M | $39K | 50x | |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,335.3 | +0.052% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0296% | 1h | 4,341 | +0.185% | $988K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.1024% | 1h | 4,344.9 | +0.275% | $29K | $23K | 10x | as long as short |
Kraken Futures PF_PAXGUSD
Binance PAXGUSDT
Extended PAXG-USD
MEXC PAXG_USDT
Paradex PAXG-USD-PERP
Orderly PERP_PAXG_USDC_mythos
Hyperliquid PAXG
Aster PAXGUSDT
Pacifica PAXG
Bybit PAXGUSDT
KuCoin PAXGUSDTM
Bitget PAXGUSDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD