Funding you earn now, next payment 12:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.50 per $10,000 · paid last 24h +0.026%
Price spread now: MEXC against SunX+0.178%7-day average +0.225% · 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−$78as in the Price arb table
costs, in and out, $10k−$730.732% of the position
Funding, last 7 days+0.148%+$15 on $10k
+Price spread, last 4 days (all we have)+0.003%$0 · spread now +0.178%, 7d avg +0.225%
=Funding pays, the price is against you. MEXC is 0.047% cheaper against SunX than usual: you would sell low and buy high (spread +0.178% now, against its 7-day average of +0.225%). If the spread goes back, that is −$5 on $10k: about 38 hours of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SunX PAXG-USDT | 4,313.6 | 0 | get 0.0000% / 4h | 41m 50s | $2K | $2.5M | 20x |
| Short | MEXC PAXG_USDT | 4,321.3 | 0.0100 | get 0.0050% / 4h | 41m 50s | $16.5M | $1.2M | 100x |
SunX PAXG-USDT
MEXC PAXG_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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: +0.178% → +0.225%
- −$4.71
- Slippage, 4 orders
- −$61.21
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$56.92
- Costs to cover
- 0.732%
- Break-even
- 26.0 days
Slippage from SunX: live order book, 9 min ago; MEXC: 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, 9 min ago | 21.54 bp | 38.3 bp −$38 | 67.5 bp −$675 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 5 min ago | 1.79 bp | 4.8 bp −$5 | 17.1 bp −$171 | 53.7 bp −$5,374 | 100.8 bp −$50.4K |
PAXG on 29 exchanges
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 | −0.0040% | 1h | 4,315.9 | +0.052% | $1.4M | $513K | 25x | as long as short |
| dYdX PAXG-USD | −0.0002% | 1h | 4,316.4 | +0.064% | $116K | $16K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,318.7 | +0.118% | $15.6M | $3.9M | 100x | as long as short |
| SunX PAXG-USDTlong | 0.0000% | 4h | 4,313.6 | long leg | $2K | $2.5M | 20x | |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,320.8 | +0.167% | $7.9M | $204K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,319.6 | +0.140% | $909K | $830K | 75x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.781% | $1K | $151K | 30x | as long as short |
| Paradex PAXG-USD-PERP | +0.0099% | 8h | 4,316.7 | +0.071% | $80K | $4.1M | 50x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,317.2 | +0.083% | $21.3M | $2.5M | 10x | as long as short |
| Aster PAXGUSDT | +0.0100% | 4h | 4,317.5 | +0.090% | $902K | $43K | 50x | as long as short |
Lighter PAXG
dYdX PAXG-USD
Gate PAXG_USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Injective PAXG/USDC PERP
Paradex PAXG-USD-PERP
Hyperliquid PAXG
Aster PAXGUSDTShow all 29 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica PAXG | +0.0100% | 1h | 4,318.3 | +0.110% | $1.0M | $330K | 10x | as long as short |
| Binance PAXGUSDT | +0.0100% | 4h | 4,317.1 | +0.080% | $80.2M | $80.1M | 75x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,317.8 | +0.097% | $14.8M | $4.8M | 75x | as long as short |
| MEXC PAXG_USDTshort | +0.0100% | 4h | 4,321.3 | +0.178% | $16.5M | $1.2M | 100x | |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,319.2 | +0.131% | $28.8M | $6.1M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,316.8 | +0.073% | $9.2M | $16.9M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,317.1 | +0.081% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,316.5 | +0.068% | $1.2M | $857K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,311.5 | −0.050% | $12.2M | $278K | — | as long as short |
| GRVT PAXG_USDT_Perp | +0.0100% | 4h | 4,316.3 | +0.061% | $1.5M | $2.0M | 10x | as long as short |
| ApeX Omni PAXGUSDT | +0.0100% | 1h | 4,314.7 | +0.026% | $261K | $795K | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,317.6 | +0.092% | $554 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,317 | +0.079% | $1.5M | $82K | 50x | as long as short |
| Extended PAXG-USD | +0.0104% | 1h | 4,315.2 | +0.036% | $374K | $2.2M | 25x | as long as short |
| Hibachi PAXG/USDT-P | +0.0104% | 1h | 4,314.9 | +0.030% | $43K | $178K | 20x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,316.4 | +0.065% | $20K | — | 100x | as long as short |
| Kraken Futures PF_PAXGUSD | +0.0263% | 1h | 4,317.7 | +0.095% | $1.2M | $2.1M | 20x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0280% | 1h | 4,331.7 | +0.419% | $933K | $1.0M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0952% | 1h | 4,328.5 | +0.345% | $29K | $24K | 10x | as long as short |
Pacifica PAXG
Binance PAXGUSDT
Bybit PAXGUSDT
KuCoin PAXGUSDTM
Bitget PAXGUSDT
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
GRVT PAXG_USDT_Perp
ApeX Omni PAXGUSDT
Orderly PERP_PAXG_USDC_mythos
Phemex PAXGUSDT
Extended PAXG-USD
Hibachi PAXG/USDT-P
Reya PAXGRUSDPERP
Kraken Futures PF_PAXGUSD
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD