Funding you earn now, next payment 04:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.50 per $10,000 · paid last 24h +0.030%
Price spread now: Bybit against SunX+0.188%56s7-day average +0.120% · you sell dearer than you buy
Net, funding: paid 7d − costs−$58as 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−$790.786% of the position
Funding, last 7 days+0.210%+$21 on $10k
+Price spread, last 3 days (all we have)−0.059%−$6 · spread now +0.188%, 7d avg +0.120%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Bybit is 0.068% dearer against SunX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.120%. The two prices were read 56 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 | SunX PAXG-USDT | 4,340.5 | 0 | get 0.0000% / 4h | 1h 58m | $2K | $3.7M | 20x |
| Short | Bybit PAXGUSDT | 4,348.7 | 0.0100 | get 0.0050% / 4h | 1h 58m | $15.2M | $3.5M | 75x |
SunX PAXG-USDT
Bybit PAXGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against SunX. 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: +0.188% → +0.120%
- $6.84
- Slippage, 4 orders
- −$59.55
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$50.71
- Costs to cover
- 0.786%
- Break-even
- 23.9 days
Slippage from SunX: live order book, 10 min ago; Bybit: 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 SunX live order book, 10 min ago | 21.54 bp | 38.3 bp −$38 | 67.5 bp −$675 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 0.12 bp | 7.9 bp −$8 | 11.4 bp −$114 | 30.8 bp −$3,085 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX PAXG-USD | 0.0000% | 1h | 4,343.8 | +0.075% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,348.4 | +0.181% | $15.7M | $3.4M | 100x | as long as short |
| SunX PAXG-USDTlong | 0.0000% | 4h | 4,340.5 | long leg | $2K | $3.7M | 20x | |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,348.5 | +0.184% | $7.9M | $868K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,349.9 | +0.216% | $905K | $645K | 75x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.156% | $1K | $151K | 30x | as long as short |
| Hibachi PAXG/USDT-P | +0.0056% | 1h | 4,345.8 | +0.121% | $42K | $156K | 20x | as long as short |
| GRVT PAXG_USDT_Perp | +0.0062% | 4h | 4,345.8 | +0.122% | $1.5M | $2.0M | 10x | as long as short |
| Lighter PAXG | +0.0096% | 1h | 4,346.3 | +0.133% | $1.4M | $304K | 25x | as long as short |
| Paradex PAXG-USD-PERP | +0.0100% | 8h | 4,345.8 | +0.122% | $80K | $3.7M | 50x | as long as short |
dYdX PAXG-USD
Gate PAXG_USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Injective PAXG/USDC PERP
Hibachi PAXG/USDT-P
GRVT PAXG_USDT_Perp
Lighter PAXG
Paradex PAXG-USD-PERPShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid PAXG | +0.0100% | 1h | 4,347.3 | +0.156% | $20.8M | $2.2M | 10x | as long as short |
| Aster PAXGUSDT | +0.0100% | 4h | 4,346.8 | +0.144% | $907K | $30K | 50x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,346.7 | +0.142% | $1.0M | $340K | 10x | as long as short |
| Binance PAXGUSDT | +0.0100% | 4h | 4,347.5 | +0.161% | $80.1M | $70.7M | 75x | as long as short |
| Bybit PAXGUSDTshort | +0.0100% | 4h | 4,348.7 | +0.188% | $15.2M | $3.5M | 75x | |
| MEXC PAXG_USDT | +0.0100% | 4h | 4,347.8 | +0.168% | $16.2M | $1.1M | 100x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,349.5 | +0.207% | $28.6M | $5.3M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,348.6 | +0.185% | $9.6M | $15.0M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,347.4 | +0.159% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,345.9 | +0.124% | $1.3M | $803K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,345.1 | +0.105% | $12.5M | $109K | — | as long as short |
| ApeX Omni PAXGUSDT | +0.0100% | 1h | 4,342.7 | +0.050% | $263K | $791K | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,346.3 | +0.133% | $558 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,343 | +0.057% | $1.5M | $39K | 50x | as long as short |
| Extended PAXG-USD | +0.0104% | 1h | 4,345.7 | +0.119% | $378K | $1.4M | 25x | as long as short |
| Kraken Futures PF_PAXGUSD | +0.0173% | 1h | 4,345.7 | +0.119% | $1.3M | $1.4M | 20x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,346.6 | +0.140% | $21K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0320% | 1h | 4,349.7 | +0.211% | $971K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.1008% | 1h | 4,357.3 | +0.386% | $29K | $23K | 10x | as long as short |
Hyperliquid PAXG
Aster PAXGUSDT
Pacifica PAXG
Binance PAXGUSDT
MEXC PAXG_USDT
KuCoin PAXGUSDTM
Bitget PAXGUSDT
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
ApeX Omni PAXGUSDT
Orderly PERP_PAXG_USDC_mythos
Phemex PAXGUSDT
Extended PAXG-USD
Kraken Futures PF_PAXGUSD
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD