Settings8H · net · $10k
Funding arb · Price arb /

PAXG

all PAXG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC−0.0033%/8h= −3.6% APRnext payment $0.04 per $10,000 · paid last 24h −0.023%
Price spread now: Injective against ApeX Omni+0.152%7-day average +0.101% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.056%−$6 on $10k
Price spread, last 4 days (all we have)+0.042%+$4 · spread now +0.152%, 7d avg +0.101%
Together, before fees−0.014%−$1 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Injective is 0.051% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.152% now, against its 7-day average of +0.101%): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 5.2 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni PAXGUSDT4,340.70.0066pay 0.0008% / 1h36m 29s$263K$789K50x
ShortInjective PAXG/USDC PERP4,347.30.0033get 0.0004% / 1h36m 29s$1K$151K30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective against ApeX Omni. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$6.89
Price spread: +0.152% → +0.101%
$5.12
Slippage, 4 orders
no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
−$11.79
Costs to cover
0.100%
Break-even
never at this rate
Slippage unknown: ApeX Omni: live order book, 27 min ago; Injective: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 27 min ago2.78 bp8.0 bp −$870.4 bp −$704doesn't fitdoesn't fit
Sell Injective no order-book sample
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

PAXG on 29 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX PAXG-USD0.0000%1h4,340.8+0.002%$101K$12K5xas long as short
Gate PAXG_USDT0.0000%8h4,345.1+0.102%$15.6M$3.5M100xas long as short
SunX PAXG-USDT0.0000%4h4,337.9−0.065%$2K$3.7M20xas long as short
Deribit PAXG_USDC-PERPETUAL0.0000%1h4,345.6+0.112%$7.9M$868K50xas long as short
HTX PAXG-USDT0.0000%4h4,346.9+0.144%$904K$656K75xas long as short
Injective PAXG/USDC PERPshort+0.0033%1h4,347.3+0.152%$1K$151K30x
GRVT PAXG_USDT_Perp+0.0048%4h4,341.5+0.019%$1.5M$1.9M10xas long as short
Hibachi PAXG/USDT-P+0.0048%1h4,342.3+0.038%$42K$154K20xas long as short
ApeX Omni PAXGUSDTlong+0.0066%1h4,340.7long leg$263K$789K50x
Lighter PAXG+0.0096%1h4,342.1+0.033%$1.4M$340K25xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Paradex PAXG-USD-PERP+0.0100%8h4,343+0.052%$80K$3.7M50xas long as short
Hyperliquid PAXG+0.0100%1h4,343.9+0.074%$20.8M$2.3M10xas long as short
Aster PAXGUSDT+0.0100%4h4,343.8+0.071%$906K$30K50xas long as short
Pacifica PAXG+0.0100%1h4,344.1+0.078%$1.0M$340K10xas long as short
Binance PAXGUSDT+0.0100%4h4,343.1+0.056%$80.1M$70.5M75xas long as short
Bybit PAXGUSDT+0.0100%4h4,344.5+0.088%$15.0M$3.8M75xas long as short
MEXC PAXG_USDT+0.0100%4h4,343.6+0.068%$16.1M$1.1M100xas long as short
KuCoin PAXGUSDTM+0.0100%4h4,345.3+0.106%$28.6M$5.3M30xas long as short
Bitget PAXGUSDT+0.0100%4h4,344.1+0.079%$9.6M$14.9M50xas long as short
BingX PAXG-USDT+0.0100%4h4,343.8+0.071%$6.8Mas long as short
Backpack PAXG_USDC_PERP+0.0100%1h4,343.8+0.073%$1.3M$802K50xas long as short
Variational Omni PAXG+0.0100%4h4,338.4−0.053%$12.4M$104Kas long as short
Orderly PERP_PAXG_USDC_mythos+0.0100%4h4,341.9+0.028%$55710xas long as short
Phemex PAXGUSDT+0.0100%4h4,339−0.039%$1.5M$39K50xas long as short
Extended PAXG-USD+0.0104%1h4,342.4+0.040%$382K$1.4M25xas long as short
Kraken Futures PF_PAXGUSD+0.0173%1h4,343.6+0.066%$1.3M$1.4M20xas long as short
Reya PAXGRUSDPERP+0.0189%1h4,343+0.054%$21K100xas long as short
Coinbase International PAXG-PERP-INTX+0.0320%1h4,349.7+0.207%$971K$1.1M50xas long as short
01 Exchange PAXGUSD+0.0992%1h4,353.8+0.302%$29K$23K10xas long as short